CMRE vs. MGV

Last updated Jun 25, 2026

CMRE (Costamare Inc.) is a stock, while MGV (Vanguard Mega Cap Value ETF) is Large Cap Value Equities fund tracking the CRSP US Mega Cap Value Index. Over the past 10 years, CMRE returned 13.91%/yr vs 13.33%/yr for MGV. At a 0.39 correlation, their price movements are largely independent.

Performance

CMRE vs. MGV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Costamare Inc. (CMRE) and Vanguard Mega Cap Value ETF (MGV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CMRE achieves a -3.21% return, which is significantly lower than MGV's 15.82% return. Both investments have delivered pretty close results over the past 10 years, with CMRE having a 13.91% annualized return and MGV not far behind at 13.33%.

CMRE

• 1D: -1.76%
• 1M: -8.22%
• YTD: -3.21%
• 6M: -2.03%
• 1Y: 71.90%
• 3Y*: 34.89%
• 5Y*: 15.57%
• 10Y*: 13.91%

MGV

• 1D: -0.06%
• 1M: 3.59%
• YTD: 15.82%
• 6M: 14.74%
• 1Y: 27.31%
• 3Y*: 19.50%
• 5Y*: 12.83%
• 10Y*: 13.33%

*Multi-year figures are annualized to reflect compound growth (CAGR)

CMRE vs. MGV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CMRE Costamare Inc.	-3.21%	73.07%	28.07%	17.60%	-21.93%	59.04%	-7.26%	132.86%	-19.11%	9.57%
MGV Vanguard Mega Cap Value ETF	15.82%	15.45%	16.94%	9.16%	-1.22%	25.93%	2.50%	25.54%	-4.13%	16.85%

Correlation

The correlation between CMRE and MGV is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.24
Correlation (3Y) Calculated over the trailing 3-year period	0.29
Correlation (5Y) Calculated over the trailing 5-year period	0.37
Correlation (10Y) Calculated over the trailing 10-year period	0.39
Correlation (All Time) Calculated using the full available price history since Nov 4, 2010	0.39

The correlation between CMRE and MGV shifts across timeframes, from 0.24 (1 year) to 0.39 (all time), reflecting how their relationship changes across market environments.

Return for Risk

CMRE vs. MGV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CMRE

CMRE Risk / Return Rank: 90
CMRE Sharpe Ratio Rank: 91
CMRE Sortino Ratio Rank: 88
CMRE Omega Ratio Rank: 85
CMRE Calmar Ratio Rank: 92
CMRE Martin Ratio Rank: 92

MGV

MGV Risk / Return Rank: 88
MGV Sharpe Ratio Rank: 90
MGV Sortino Ratio Rank: 91
MGV Omega Ratio Rank: 88
MGV Calmar Ratio Rank: 85
MGV Martin Ratio Rank: 86

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CMRE vs. MGV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Costamare Inc. (CMRE) and Vanguard Mega Cap Value ETF (MGV). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	CMRE	MGV	Difference
Sharpe ratio: Return per unit of total volatility	2.25	2.71	-0.46
Sortino ratio: Return per unit of downside risk	2.86	3.85	-0.99
Omega ratio: Gain probability vs. loss probability	1.33	1.49	-0.15
Calmar ratio: Return relative to maximum drawdown	4.72	4.28	+0.45
Martin ratio: Return relative to average drawdown	12.94	16.22	-3.28

CMRE vs. MGV - Sharpe Ratio Comparison

The current CMRE Sharpe Ratio is 2.25, which is comparable to the MGV Sharpe Ratio of 2.71. The chart below compares the historical Sharpe Ratios of CMRE and MGV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CMRE vs. MGV - Drawdown Comparison

The maximum CMRE drawdown since its inception was -78.24%, which is greater than MGV's maximum drawdown of -56.07%. Use the drawdown chart below to compare losses from any high point for CMRE and MGV.

Drawdown Indicators

	CMRE	MGV	Difference
Max Drawdown Largest peak-to-trough decline	-78.24%	-56.07%	-22.17%
Max Drawdown (1Y) Largest decline over 1 year	-15.30%	-6.42%	-8.88%
Max Drawdown (3Y) Largest decline over 3 years	-50.07%	-13.18%	-36.89%
Max Drawdown (5Y) Largest decline over 5 years	-52.88%	-16.54%	-36.34%
Max Drawdown (10Y) Largest decline over 10 years	-66.54%	-35.41%	-31.13%
Current Drawdown Current decline from peak	-15.30%	-0.88%	-14.42%
Average Drawdown Average peak-to-trough decline	-33.42%	-7.77%	-25.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.57%	1.69%	+3.88%

Volatility

CMRE vs. MGV - Volatility Comparison

Costamare Inc. (CMRE) has a higher volatility of 8.61% compared to Vanguard Mega Cap Value ETF (MGV) at 3.45%. This indicates that CMRE's price experiences larger fluctuations and is considered to be riskier than MGV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CMRE	MGV	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.61%	3.45%	+5.16%
Volatility (6M) Calculated over the trailing 6-month period	23.88%	7.82%	+16.06%
Volatility (1Y) Calculated over the trailing 1-year period	32.19%	10.16%	+22.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	38.39%	13.57%	+24.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	44.34%	16.32%	+28.02%

Dividends

CMRE vs. MGV - Dividend Comparison

CMRE's dividend yield for the trailing twelve months is around 3.05%, more than MGV's 1.84% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CMRE Costamare Inc.	3.05%	2.54%	3.58%	4.42%	9.11%	3.40%	4.83%	4.20%	9.11%	6.93%	17.32%	11.04%
MGV Vanguard Mega Cap Value ETF	1.84%	2.04%	2.31%	2.48%	2.45%	2.17%	2.47%	2.69%	2.65%	2.34%	2.53%	2.59%

Frequently Asked Questions

Can I hold both CMRE and MGV in my portfolio?

CMRE and MGV have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CMRE or MGV?

CMRE has higher volatility (8.61%) compared to MGV (3.45%). In terms of maximum drawdown, CMRE dropped -78.24% vs MGV's -56.07%.

Which has better risk-adjusted returns?

MGV currently has the higher Sharpe Ratio (2.71 vs 2.25), 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.