If you look at the way it works you will actually realize current prefers the other phases more than the ground or neutral. :lol:
If only one phase has a load to neutral on it that load will experience the same voltage drop as a dedicated neutral. However, if the the other 2 loads on the MWBC begin coming on line the voltage will begin to rise at the first load. When the other 2 are at full load the first load will have a voltage drop nearlly the same as if it were connected phase to phase ie, 480 volt drops instead of 277 volt drops. The current in the neutral would also be zero if all 3 are balanced. If a bolted fault was to say occur, and assuming the source can provide as much power as needed (infinite buss) the voltage will actually rise well above 277 volts on the non faulted loads, but zero on the faulted ones. The longer the neutral length (higher impedance) the more the voltage rise will be on the non faulted load. Same goes should the neutral start to make poor contact at its termination. When this happens lighter loads experience an over voltage heavier ones an under voltage.
As a side note I used to live in an house where the MWBC run from the panel to the second floor was over 200 ft. Black went to the lights red to the oulets. The 30 year old window AC had monster motor inrush. Starting it up would cause all table lamps to dim while the ceiling lights on the black phase would actually briefly brighten. I think it came out to be something like a 16 volt dip for the AC starting while the other leg went up by about 5 or 8 volts.
I tested it with a volt meter an space heater. Without the heater on the black phase with only a few lights was about 116. Put the 12 amp space heater on voltage rose on the black phase to about 118. 116 went to about 111 on the red phase. Approx values but you could clearly see the rise and fall.