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.
Key characteristics
| ELFNX | MITTX | |
|---|---|---|
| YTD Return | 29.68% | 23.02% |
| 1Y Return | 37.87% | 30.77% |
| 3Y Return (Ann) | 11.55% | 7.23% |
| 5Y Return (Ann) | 17.94% | 15.00% |
| 10Y Return (Ann) | 14.65% | 12.93% |
| Sharpe Ratio | 2.86 | 2.86 |
| Sortino Ratio | 3.87 | 3.85 |
| Omega Ratio | 1.55 | 1.55 |
| Calmar Ratio | 4.82 | 4.06 |
| Martin Ratio | 20.41 | 17.63 |
| Ulcer Index | 1.96% | 1.88% |
| Daily Std Dev | 14.02% | 11.56% |
| Max Drawdown | -50.28% | -48.88% |
| Current Drawdown | -0.15% | -0.10% |
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
In the year-to-date period, ELFNX achieves a 29.68% return, which is significantly higher than MITTX's 23.02% return. Over the past 10 years, ELFNX has outperformed MITTX with an annualized return of 14.65%, while MITTX has yielded a comparatively lower 12.93% 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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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 0.83%, more than MITTX's 0.69% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ELFNX Elfun Trusts | 0.83% | 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 | 0.69% | 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
Elfun Trusts (ELFNX) has a higher volatility of 3.72% compared to MFS Massachusetts Investors Trust (MITTX) at 3.07%. This indicates that ELFNX's price experiences larger fluctuations and is considered to be riskier than MITTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.