MAC vs. SPYD
Compare and contrast key facts about Macerich Company (MAC) and SPDR Portfolio S&P 500 High Dividend ETF (SPYD).
SPYD is a passively managed fund by State Street that tracks the performance of the S&P 500 High Dividend Index. It was launched on Oct 21, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MAC or SPYD.
Key characteristics
| MAC | SPYD | |
|---|---|---|
| YTD Return | -6.44% | 3.04% |
| 1Y Return | 52.43% | 15.47% |
| 3Y Return (Ann) | 6.97% | 3.72% |
| 5Y Return (Ann) | -14.08% | 5.60% |
| Sharpe Ratio | 1.09 | 0.89 |
| Daily Std Dev | 43.79% | 15.76% |
| Max Drawdown | -93.38% | -46.42% |
| Current Drawdown | -75.01% | -3.57% |
Correlation
The correlation between MAC and SPYD is 0.62, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
MAC vs. SPYD - Performance Comparison
In the year-to-date period, MAC achieves a -6.44% return, which is significantly lower than SPYD's 3.04% 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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Risk-Adjusted Performance
MAC vs. SPYD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Macerich Company (MAC) and SPDR Portfolio S&P 500 High Dividend ETF (SPYD). 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
MAC vs. SPYD - Dividend Comparison
MAC's dividend yield for the trailing twelve months is around 4.76%, more than SPYD's 4.53% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MAC Macerich Company | 4.76% | 4.41% | 5.51% | 3.47% | 10.60% | 11.14% | 6.86% | 4.37% | 3.88% | 8.22% | 3.01% | 4.01% |
SPYD SPDR Portfolio S&P 500 High Dividend ETF | 4.53% | 4.66% | 5.01% | 3.68% | 4.95% | 4.43% | 4.75% | 4.63% | 4.34% | 1.13% | 0.00% | 0.00% |
Drawdowns
MAC vs. SPYD - Drawdown Comparison
The maximum MAC drawdown since its inception was -93.38%, which is greater than SPYD's maximum drawdown of -46.42%. Use the drawdown chart below to compare losses from any high point for MAC and SPYD. For additional features, visit the drawdowns tool.
Volatility
MAC vs. SPYD - Volatility Comparison
Macerich Company (MAC) has a higher volatility of 18.34% compared to SPDR Portfolio S&P 500 High Dividend ETF (SPYD) at 4.59%. This indicates that MAC's price experiences larger fluctuations and is considered to be riskier than SPYD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.