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 0.09, 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
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Key characteristics
CXH:
0.79
SPY:
0.70
CXH:
0.95
SPY:
1.13
CXH:
1.13
SPY:
1.17
CXH:
0.27
SPY:
0.76
CXH:
2.00
SPY:
2.93
CXH:
2.92%
SPY:
4.86%
CXH:
8.49%
SPY:
20.29%
CXH:
-49.10%
SPY:
-55.19%
CXH:
-15.33%
SPY:
-3.97%
Returns By Period
In the year-to-date period, CXH achieves a -2.37% return, which is significantly lower than SPY's 0.43% return. Over the past 10 years, CXH has underperformed SPY with an annualized return of 2.71%, while SPY has yielded a comparatively higher 12.66% annualized return.
CXH
-2.37%
3.35%
-2.41%
6.69%
1.45%
2.71%
SPY
0.43%
9.91%
-1.06%
14.09%
17.31%
12.66%
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Risk-Adjusted Performance
CXH vs. SPY — Risk-Adjusted Performance Rank
CXH
SPY
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.
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Dividends
CXH vs. SPY - Dividend Comparison
CXH's dividend yield for the trailing twelve months is around 4.60%, more than SPY's 1.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CXH MFS Investment Grade Municipal Trust | 4.60% | 3.92% | 3.63% | 4.76% | 4.77% | 4.79% | 4.67% | 5.28% | 4.92% | 5.24% | 5.15% | 5.62% |
SPY SPDR S&P 500 ETF | 1.22% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
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.
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Volatility
CXH vs. SPY - Volatility Comparison
The current volatility for MFS Investment Grade Municipal Trust (CXH) is 2.23%, while SPDR S&P 500 ETF (SPY) has a volatility of 6.25%. 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.
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