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.
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
Key characteristics
CXH:
1.16
SPY:
2.21
CXH:
1.64
SPY:
2.93
CXH:
1.21
SPY:
1.41
CXH:
0.39
SPY:
3.26
CXH:
6.01
SPY:
14.43
CXH:
1.48%
SPY:
1.90%
CXH:
7.68%
SPY:
12.41%
CXH:
-49.10%
SPY:
-55.19%
CXH:
-14.47%
SPY:
-2.74%
Returns By Period
In the year-to-date period, CXH achieves a 8.34% return, which is significantly lower than SPY's 25.54% return. Over the past 10 years, CXH has underperformed SPY with an annualized return of 3.05%, while SPY has yielded a comparatively higher 12.97% annualized return.
CXH
8.34%
-3.35%
2.80%
8.91%
0.01%
3.05%
SPY
25.54%
-0.42%
8.90%
25.98%
14.66%
12.97%
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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 3.97%, more than SPY's 0.86% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CXH MFS Investment Grade Municipal Trust | 3.97% | 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 | 0.86% | 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 3.14%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.72%. 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.