MA vs. FEZ

Last updated Jun 9, 2026

MA (Mastercard Incorporated) is a stock, while FEZ (SPDR EURO STOXX 50 ETF) is Europe Equities fund tracking the EURO STOXX 50 Index. Over the past 10 years, MA returned 18.40%/yr vs 10.66%/yr for FEZ. A 0.51 correlation means they provide meaningful diversification when combined.

Performance

MA vs. FEZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Mastercard Incorporated (MA) and SPDR EURO STOXX 50 ETF (FEZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MA achieves a -14.65% return, which is significantly lower than FEZ's 4.68% return. Over the past 10 years, MA has outperformed FEZ with an annualized return of 18.40%, while FEZ has yielded a comparatively lower 10.66% annualized return.

MA

• 1D: -1.10%
• 1M: -1.98%
• YTD: -14.65%
• 6M: -9.84%
• 1Y: -17.21%
• 3Y*: 10.21%
• 5Y*: 6.59%
• 10Y*: 18.40%

FEZ

• 1D: 0.63%
• 1M: 0.33%
• YTD: 4.68%
• 6M: 6.49%
• 1Y: 15.20%
• 3Y*: 17.76%
• 5Y*: 9.78%
• 10Y*: 10.66%

*Multi-year figures are annualized to reflect compound growth (CAGR)

MA vs. FEZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MA Mastercard Incorporated	-14.65%	9.04%	24.17%	23.40%	-2.66%	1.16%	20.19%	59.16%	25.31%	47.69%
FEZ SPDR EURO STOXX 50 ETF	4.68%	37.81%	3.57%	27.16%	-14.27%	14.84%	4.84%	26.04%	-15.85%	24.80%

Correlation

The correlation between MA and FEZ is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.20
Correlation (3Y) Calculated over the trailing 3-year period	0.30
Correlation (5Y) Calculated over the trailing 5-year period	0.46
Correlation (10Y) Calculated over the trailing 10-year period	0.52
Correlation (All Time) Calculated using the full available price history since May 26, 2006	0.51

Over the past year, the correlation between MA and FEZ has dropped to 0.20 - well below their long-term average of 0.51, suggesting their price drivers have been diverging.

Return for Risk

MA vs. FEZ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MA

MA Risk / Return Rank: 9
MA Sharpe Ratio Rank: 10
MA Sortino Ratio Rank: 12
MA Omega Ratio Rank: 13
MA Calmar Ratio Rank: 10
MA Martin Ratio Rank: 3

FEZ

FEZ Risk / Return Rank: 26
FEZ Sharpe Ratio Rank: 26
FEZ Sortino Ratio Rank: 25
FEZ Omega Ratio Rank: 25
FEZ Calmar Ratio Rank: 26
FEZ Martin Ratio Rank: 29

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MA vs. FEZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Mastercard Incorporated (MA) and SPDR EURO STOXX 50 ETF (FEZ). 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.

	MA	FEZ	Difference
Sharpe ratio: Return per unit of total volatility	-0.78	0.84	-1.62
Sortino ratio: Return per unit of downside risk	-0.97	1.29	-2.26
Omega ratio: Gain probability vs. loss probability	0.88	1.16	-0.28
Calmar ratio: Return relative to maximum drawdown	-0.83	1.12	-1.95
Martin ratio: Return relative to average drawdown	-1.68	3.81	-5.49
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MA vs. FEZ - Sharpe Ratio Comparison

The current MA Sharpe Ratio is -0.78, which is lower than the FEZ Sharpe Ratio of 0.84. The chart below compares the historical Sharpe Ratios of MA and FEZ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	MA	FEZ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.78	0.84	-1.62
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.28	0.48	-0.20
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.69	0.51	+0.18
Sharpe Ratio (All Time) Calculated using the full available price history	0.83	0.30	+0.53

Drawdowns

MA vs. FEZ - Drawdown Comparison

The maximum MA drawdown since its inception was -62.67%, roughly equal to the maximum FEZ drawdown of -64.21%. Use the drawdown chart below to compare losses from any high point for MA and FEZ.

Drawdown Indicators

	MA	FEZ	Difference
Max Drawdown Largest peak-to-trough decline	-62.67%	-64.21%	+1.54%
Max Drawdown (1Y) Largest decline over 1 year	-20.91%	-13.63%	-7.28%
Max Drawdown (3Y) Largest decline over 3 years	-20.91%	-15.85%	-5.06%
Max Drawdown (5Y) Largest decline over 5 years	-28.25%	-35.05%	+6.80%
Max Drawdown (10Y) Largest decline over 10 years	-41.00%	-39.69%	-1.31%
Current Drawdown Current decline from peak	-18.55%	-2.79%	-15.76%
Average Drawdown Average peak-to-trough decline	-9.82%	-17.07%	+7.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.26%	4.00%	+6.26%

Volatility

MA vs. FEZ - Volatility Comparison

Mastercard Incorporated (MA) has a higher volatility of 6.33% compared to SPDR EURO STOXX 50 ETF (FEZ) at 5.64%. This indicates that MA's price experiences larger fluctuations and is considered to be riskier than FEZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MA	FEZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.33%	5.64%	+0.69%
Volatility (6M) Calculated over the trailing 6-month period	17.37%	15.06%	+2.31%
Volatility (1Y) Calculated over the trailing 1-year period	22.28%	18.11%	+4.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.99%	20.64%	+3.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.93%	21.12%	+5.81%

Dividends

MA vs. FEZ - Dividend Comparison

MA's dividend yield for the trailing twelve months is around 0.67%, less than FEZ's 2.58% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FEZ SPDR EURO STOXX 50 ETF	2.58%	2.78%	2.94%	2.75%	3.06%	2.61%	2.13%	2.61%	3.45%	2.44%	3.35%	3.03%
MA Mastercard Incorporated	0.67%	0.53%	0.50%	0.53%	0.56%	0.49%	0.45%	0.44%	0.53%	0.58%	0.74%	0.66%

Frequently Asked Questions

Can I hold both MA and FEZ in my portfolio?

MA and FEZ have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MA or FEZ?

MA has higher volatility (6.33%) compared to FEZ (5.64%). In terms of maximum drawdown, MA dropped -62.67% vs FEZ's -64.21%.

Which has better risk-adjusted returns?

FEZ currently has the higher Sharpe Ratio (0.84 vs -0.78), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.