CMA vs. MGK
Compare and contrast key facts about Comerica Incorporated (CMA) and Vanguard Mega Cap Growth ETF (MGK).
MGK is a passively managed fund by Vanguard that tracks the performance of the MSCI US Large Cap Growth Index. It was launched on Dec 17, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CMA or MGK.
Key characteristics
| CMA | MGK | |
|---|---|---|
| YTD Return | 30.86% | 30.86% |
| 1Y Return | 64.31% | 37.81% |
| 3Y Return (Ann) | -3.21% | 10.10% |
| 5Y Return (Ann) | 5.23% | 20.14% |
| 10Y Return (Ann) | 7.52% | 16.54% |
| Sharpe Ratio | 1.89 | 2.19 |
| Sortino Ratio | 2.57 | 2.86 |
| Omega Ratio | 1.33 | 1.40 |
| Calmar Ratio | 1.26 | 2.78 |
| Martin Ratio | 9.36 | 10.57 |
| Ulcer Index | 7.21% | 3.56% |
| Daily Std Dev | 35.82% | 17.17% |
| Max Drawdown | -78.35% | -48.36% |
| Current Drawdown | -20.40% | -0.60% |
Correlation
The correlation between CMA and MGK is 0.48, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
CMA vs. MGK - Performance Comparison
As of year-to-date, both investments have demonstrated similar returns, with CMA at 30.86% and MGK at 30.86%. Over the past 10 years, CMA has underperformed MGK with an annualized return of 7.52%, while MGK has yielded a comparatively higher 16.54% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
CMA vs. MGK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Comerica Incorporated (CMA) and Vanguard Mega Cap Growth ETF (MGK). 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.
Dividends
CMA vs. MGK - Dividend Comparison
CMA's dividend yield for the trailing twelve months is around 4.05%, more than MGK's 0.42% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CMA Comerica Incorporated | 4.05% | 5.09% | 4.07% | 3.13% | 4.87% | 3.74% | 2.68% | 1.26% | 1.31% | 1.98% | 1.69% | 1.43% |
MGK Vanguard Mega Cap Growth ETF | 0.42% | 0.50% | 0.70% | 0.41% | 0.65% | 0.85% | 1.12% | 1.23% | 1.53% | 1.43% | 1.25% | 1.29% |
Drawdowns
CMA vs. MGK - Drawdown Comparison
The maximum CMA drawdown since its inception was -78.35%, which is greater than MGK's maximum drawdown of -48.36%. Use the drawdown chart below to compare losses from any high point for CMA and MGK. For additional features, visit the drawdowns tool.
Volatility
CMA vs. MGK - Volatility Comparison
Comerica Incorporated (CMA) has a higher volatility of 13.68% compared to Vanguard Mega Cap Growth ETF (MGK) at 5.12%. This indicates that CMA's price experiences larger fluctuations and is considered to be riskier than MGK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.