MCI vs. SPY
MCI (Barings Corporate Investors) is a stock, while SPY (State Street SPDR S&P 500 ETF) is S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, MCI returned 7.88%/yr vs 15.48%/yr for SPY. At a 0.10 correlation, their price movements are largely independent.
Performance
MCI vs. SPY - Performance Comparison
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Returns By Period
In the year-to-date period, MCI achieves a -2.30% return, which is significantly lower than SPY's 11.33% return. Over the past 10 years, MCI has underperformed SPY with an annualized return of 7.88%, while SPY has yielded a comparatively higher 15.48% annualized return.
MCI
- 1D
- -0.40%
- 1M
- 1.68%
- YTD
- -2.30%
- 6M
- -12.89%
- 1Y
- -3.86%
- 3Y*
- 16.87%
- 5Y*
- 11.31%
- 10Y*
- 7.88%
SPY
- 1D
- 0.38%
- 1M
- 4.60%
- YTD
- 11.33%
- 6M
- 11.25%
- 1Y
- 28.50%
- 3Y*
- 22.58%
- 5Y*
- 13.91%
- 10Y*
- 15.48%
MCI vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MCI Barings Corporate Investors | -2.30% | -3.74% | 20.83% | 44.49% | -5.91% | 29.03% | -15.77% | 23.40% | 4.35% | 6.48% |
SPY State Street SPDR S&P 500 ETF | 11.33% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Correlation
The correlation between MCI and SPY is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 1993 | 0.10 |
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Return for Risk
MCI vs. SPY — Risk / Return Rank
MCI
SPY
MCI vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Barings Corporate Investors (MCI) and State Street SPDR S&P 500 ETF (SPY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| MCI | SPY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.59 | ||
| Sortino ratioReturn per unit of downside risk | -3.38 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.44 | -0.45 |
| Calmar ratioReturn relative to maximum drawdown | -0.16 | 3.22 | -3.39 |
| Martin ratioReturn relative to average drawdown | -0.34 | 14.99 | -15.33 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MCI | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.17 | 2.42 | -2.59 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | 0.82 | -0.30 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.32 | 0.87 | -0.55 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.59 | -0.07 |
Drawdowns
MCI vs. SPY - Drawdown Comparison
The maximum MCI drawdown since its inception was -57.08%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for MCI and SPY.
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Drawdown Indicators
| MCI | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.08% | -55.19% | -1.89% |
Max Drawdown (1Y)Largest decline over 1 year | -23.76% | -8.88% | -14.88% |
Max Drawdown (3Y)Largest decline over 3 years | -27.58% | -18.76% | -8.82% |
Max Drawdown (5Y)Largest decline over 5 years | -27.58% | -24.50% | -3.08% |
Max Drawdown (10Y)Largest decline over 10 years | -44.64% | -33.72% | -10.92% |
Current DrawdownCurrent decline from peak | -23.33% | -0.33% | -23.00% |
Average DrawdownAverage peak-to-trough decline | -9.63% | -9.05% | -0.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.40% | 1.91% | +9.49% |
Volatility
MCI vs. SPY - Volatility Comparison
Barings Corporate Investors (MCI) has a higher volatility of 5.81% compared to State Street SPDR S&P 500 ETF (SPY) at 2.79%. This indicates that MCI's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MCI | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.81% | 2.79% | +3.02% |
Volatility (6M)Calculated over the trailing 6-month period | 14.91% | 8.91% | +6.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.60% | 11.82% | +10.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.80% | 17.05% | +4.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.65% | 17.93% | +6.72% |
Dividends
MCI vs. SPY - Dividend Comparison
MCI's dividend yield for the trailing twelve months is around 9.23%, more than SPY's 0.98% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MCI Barings Corporate Investors | 9.23% | 8.82% | 8.29% | 7.70% | 7.31% | 6.01% | 7.28% | 7.12% | 8.16% | 7.86% | 7.75% | 6.96% |
SPY State Street SPDR S&P 500 ETF | 0.98% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Frequently Asked Questions
MCI and SPY have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MCI has higher volatility (5.81%) compared to SPY (2.79%). In terms of maximum drawdown, MCI dropped -57.08% vs SPY's -55.19%.
SPY currently has the higher Sharpe Ratio (2.42 vs -0.17), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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