EQNIX vs. SPY
Compare and contrast key facts about MFS Equity Income Fund (EQNIX) and SPDR S&P 500 ETF (SPY).
EQNIX is managed by MFS. It was launched on Sep 27, 2012. 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: EQNIX or SPY.
Correlation
The correlation between EQNIX and SPY is 0.93, 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
EQNIX vs. SPY - Performance Comparison
Key characteristics
EQNIX:
1.08
SPY:
2.14
EQNIX:
1.45
SPY:
2.84
EQNIX:
1.21
SPY:
1.40
EQNIX:
1.36
SPY:
3.25
EQNIX:
4.36
SPY:
13.58
EQNIX:
2.99%
SPY:
2.01%
EQNIX:
12.10%
SPY:
12.77%
EQNIX:
-36.60%
SPY:
-55.19%
EQNIX:
-4.78%
SPY:
0.00%
Returns By Period
In the year-to-date period, EQNIX achieves a 4.11% return, which is significantly higher than SPY's 3.47% return. Over the past 10 years, EQNIX has underperformed SPY with an annualized return of 7.71%, while SPY has yielded a comparatively higher 13.45% annualized return.
EQNIX
4.11%
3.46%
2.13%
12.52%
7.58%
7.71%
SPY
3.47%
1.98%
12.77%
26.68%
14.81%
13.45%
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EQNIX vs. SPY - Expense Ratio Comparison
EQNIX has a 0.64% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
EQNIX vs. SPY — Risk-Adjusted Performance Rank
EQNIX
SPY
EQNIX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MFS Equity Income Fund (EQNIX) 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
EQNIX vs. SPY - Dividend Comparison
EQNIX's dividend yield for the trailing twelve months is around 2.46%, more than SPY's 1.17% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EQNIX MFS Equity Income Fund | 2.46% | 2.56% | 1.86% | 2.03% | 1.85% | 2.03% | 2.08% | 2.60% | 2.24% | 2.42% | 4.64% | 5.68% |
SPY SPDR S&P 500 ETF | 1.17% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
EQNIX vs. SPY - Drawdown Comparison
The maximum EQNIX drawdown since its inception was -36.60%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for EQNIX and SPY. For additional features, visit the drawdowns tool.
Volatility
EQNIX vs. SPY - Volatility Comparison
The current volatility for MFS Equity Income Fund (EQNIX) is 3.38%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.10%. This indicates that EQNIX 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.