CXH vs. SPY
Compare and contrast key facts about MFS Investment Grade Municipal Trust (CXH) and SPDR S&P 500 ETF (SPY).
SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CXH or SPY.
Key characteristics
| CXH | SPY | |
|---|---|---|
| YTD Return | 10.72% | 26.01% |
| 1Y Return | 19.40% | 33.73% |
| 3Y Return (Ann) | -2.63% | 9.91% |
| 5Y Return (Ann) | 0.72% | 15.54% |
| 10Y Return (Ann) | 3.49% | 13.25% |
| Sharpe Ratio | 2.71 | 2.82 |
| Sortino Ratio | 3.94 | 3.76 |
| Omega Ratio | 1.51 | 1.53 |
| Calmar Ratio | 0.75 | 4.05 |
| Martin Ratio | 14.81 | 18.33 |
| Ulcer Index | 1.36% | 1.86% |
| Daily Std Dev | 7.40% | 12.07% |
| Max Drawdown | -49.10% | -55.19% |
| Current Drawdown | -12.59% | -0.90% |
Correlation
The correlation between CXH and SPY is 0.08, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
CXH vs. SPY - Performance Comparison
In the year-to-date period, CXH achieves a 10.72% return, which is significantly lower than SPY's 26.01% return. Over the past 10 years, CXH has underperformed SPY with an annualized return of 3.49%, while SPY has yielded a comparatively higher 13.25% 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
CXH vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MFS Investment Grade Municipal Trust (CXH) and 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.
Dividends
CXH vs. SPY - Dividend Comparison
CXH's dividend yield for the trailing twelve months is around 3.81%, more than SPY's 1.18% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CXH MFS Investment Grade Municipal Trust | 3.81% | 3.63% | 4.76% | 4.77% | 4.79% | 4.67% | 5.28% | 4.92% | 5.24% | 5.15% | 5.62% | 6.39% |
SPY SPDR S&P 500 ETF | 1.18% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
CXH vs. SPY - Drawdown Comparison
The maximum CXH drawdown since its inception was -49.10%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for CXH and SPY. For additional features, visit the drawdowns tool.
Volatility
CXH vs. SPY - Volatility Comparison
The current volatility for MFS Investment Grade Municipal Trust (CXH) is 2.65%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.84%. This indicates that CXH experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.