ELFNX vs. MITTX
Compare and contrast key facts about Elfun Trusts (ELFNX) and MFS Massachusetts Investors Trust (MITTX).
ELFNX is managed by State Street Global Advisors. It was launched on May 27, 1935. MITTX is managed by MFS. It was launched on Jul 15, 1924.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ELFNX or MITTX.
Correlation
The correlation between ELFNX and MITTX is 0.92, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
ELFNX vs. MITTX - Performance Comparison
Key characteristics
ELFNX:
2.11
MITTX:
0.50
ELFNX:
2.88
MITTX:
0.66
ELFNX:
1.41
MITTX:
1.14
ELFNX:
3.63
MITTX:
0.54
ELFNX:
14.93
MITTX:
3.60
ELFNX:
2.02%
MITTX:
2.33%
ELFNX:
14.31%
MITTX:
16.72%
ELFNX:
-50.28%
MITTX:
-48.88%
ELFNX:
-2.63%
MITTX:
-14.47%
Returns By Period
In the year-to-date period, ELFNX achieves a 27.93% return, which is significantly higher than MITTX's 6.58% return. Over the past 10 years, ELFNX has outperformed MITTX with an annualized return of 14.25%, while MITTX has yielded a comparatively lower 10.80% annualized return.
ELFNX
27.93%
0.44%
6.93%
25.05%
16.61%
14.25%
MITTX
6.58%
-12.19%
-7.07%
7.27%
10.84%
10.80%
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ELFNX vs. MITTX - Expense Ratio Comparison
ELFNX has a 0.18% expense ratio, which is lower than MITTX's 0.70% expense ratio.
Risk-Adjusted Performance
ELFNX vs. MITTX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Elfun Trusts (ELFNX) and MFS Massachusetts Investors Trust (MITTX). 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
ELFNX vs. MITTX - Dividend Comparison
ELFNX's dividend yield for the trailing twelve months is around 0.84%, more than MITTX's 0.16% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ELFNX Elfun Trusts | 0.84% | 1.08% | 1.28% | 0.93% | 0.96% | 1.08% | 1.51% | 1.29% | 1.48% | 1.47% | 1.28% | 1.28% |
MITTX MFS Massachusetts Investors Trust | 0.16% | 0.88% | 1.00% | 0.65% | 8.31% | 0.65% | 1.10% | 0.95% | 0.94% | 1.61% | 7.54% | 2.70% |
Drawdowns
ELFNX vs. MITTX - Drawdown Comparison
The maximum ELFNX drawdown since its inception was -50.28%, roughly equal to the maximum MITTX drawdown of -48.88%. Use the drawdown chart below to compare losses from any high point for ELFNX and MITTX. For additional features, visit the drawdowns tool.
Volatility
ELFNX vs. MITTX - Volatility Comparison
The current volatility for Elfun Trusts (ELFNX) is 3.85%, while MFS Massachusetts Investors Trust (MITTX) has a volatility of 12.98%. This indicates that ELFNX experiences smaller price fluctuations and is considered to be less risky than MITTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.