MAGSX vs. SPY
Compare and contrast key facts about Madison Aggressive Allocation Fund (MAGSX) and SPDR S&P 500 ETF (SPY).
MAGSX is managed by Madison Funds. It was launched on Jun 29, 2006. 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: MAGSX or SPY.
Performance
MAGSX vs. SPY - Performance Comparison
Returns By Period
In the year-to-date period, MAGSX achieves a 11.87% return, which is significantly lower than SPY's 26.47% return. Over the past 10 years, MAGSX has underperformed SPY with an annualized return of 5.92%, while SPY has yielded a comparatively higher 13.14% annualized return.
MAGSX
11.87%
1.42%
5.74%
16.44%
5.42%
5.92%
SPY
26.47%
3.03%
13.19%
32.65%
15.68%
13.14%
Key characteristics
| MAGSX | SPY | |
|---|---|---|
| Sharpe Ratio | 2.00 | 2.69 |
| Sortino Ratio | 2.84 | 3.59 |
| Omega Ratio | 1.36 | 1.50 |
| Calmar Ratio | 1.84 | 3.88 |
| Martin Ratio | 12.45 | 17.47 |
| Ulcer Index | 1.32% | 1.87% |
| Daily Std Dev | 8.24% | 12.14% |
| Max Drawdown | -56.42% | -55.19% |
| Current Drawdown | -0.49% | -0.54% |
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MAGSX vs. SPY - Expense Ratio Comparison
MAGSX has a 0.71% expense ratio, which is higher than SPY's 0.09% expense ratio.
Correlation
The correlation between MAGSX and SPY is 0.94, 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.
Risk-Adjusted Performance
MAGSX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Madison Aggressive Allocation Fund (MAGSX) 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
MAGSX vs. SPY - Dividend Comparison
MAGSX's dividend yield for the trailing twelve months is around 1.69%, more than SPY's 1.18% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MAGSX Madison Aggressive Allocation Fund | 1.69% | 1.89% | 1.26% | 2.89% | 0.77% | 1.33% | 1.37% | 1.22% | 1.15% | 0.95% | 1.68% | 0.34% |
SPY SPDR S&P 500 ETF | 1.18% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
MAGSX vs. SPY - Drawdown Comparison
The maximum MAGSX drawdown since its inception was -56.42%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for MAGSX and SPY. For additional features, visit the drawdowns tool.
Volatility
MAGSX vs. SPY - Volatility Comparison
The current volatility for Madison Aggressive Allocation Fund (MAGSX) is 2.33%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.98%. This indicates that MAGSX 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.