MAIPX vs. WFSPX
Compare and contrast key facts about MAI Managed Volatility Fund (MAIPX) and iShares S&P 500 Index Fund (WFSPX).
MAIPX is managed by BlackRock. It was launched on Sep 22, 2010. WFSPX is a passively managed fund by BlackRock that tracks the performance of the S&P 500 Index. It was launched on Jul 30, 1993.
Performance
MAIPX vs. WFSPX - Performance Comparison
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MAIPX vs. WFSPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MAIPX MAI Managed Volatility Fund | -2.75% | 10.28% | 8.64% | 10.58% | -3.59% | 12.81% | 4.39% | 16.13% | -2.76% | 8.66% |
WFSPX iShares S&P 500 Index Fund | -7.06% | 17.83% | 24.94% | 26.25% | -18.14% | 28.63% | 18.43% | 31.45% | -4.83% | 21.27% |
Returns By Period
In the year-to-date period, MAIPX achieves a -2.75% return, which is significantly higher than WFSPX's -7.06% return. Over the past 10 years, MAIPX has underperformed WFSPX with an annualized return of 6.51%, while WFSPX has yielded a comparatively higher 13.63% annualized return.
MAIPX
- 1D
- 0.06%
- 1M
- -2.51%
- YTD
- -2.75%
- 6M
- -1.14%
- 1Y
- 8.04%
- 3Y*
- 7.73%
- 5Y*
- 6.19%
- 10Y*
- 6.51%
WFSPX
- 1D
- -0.39%
- 1M
- -7.68%
- YTD
- -7.06%
- 6M
- -4.63%
- 1Y
- 14.40%
- 3Y*
- 17.13%
- 5Y*
- 11.37%
- 10Y*
- 13.63%
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MAIPX vs. WFSPX - Expense Ratio Comparison
MAIPX has a 0.99% expense ratio, which is higher than WFSPX's 0.03% expense ratio.
Return for Risk
MAIPX vs. WFSPX — Risk / Return Rank
MAIPX
WFSPX
MAIPX vs. WFSPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MAI Managed Volatility Fund (MAIPX) and iShares S&P 500 Index Fund (WFSPX). 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.
| MAIPX | WFSPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.74 | 0.84 | -0.10 |
Sortino ratioReturn per unit of downside risk | 1.16 | 1.30 | -0.13 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.20 | +0.06 |
Calmar ratioReturn relative to maximum drawdown | 0.76 | 1.06 | -0.29 |
Martin ratioReturn relative to average drawdown | 5.07 | 5.13 | -0.06 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MAIPX | WFSPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.74 | 0.84 | -0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.71 | 0.68 | +0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.60 | 0.76 | -0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.62 | 0.13 | +0.49 |
Correlation
The correlation between MAIPX and WFSPX 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.
Dividends
MAIPX vs. WFSPX - Dividend Comparison
MAIPX's dividend yield for the trailing twelve months is around 1.24%, less than WFSPX's 1.58% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MAIPX MAI Managed Volatility Fund | 1.24% | 1.33% | 2.20% | 4.59% | 2.26% | 0.00% | 0.32% | 1.74% | 2.89% | 2.12% | 0.80% | 4.17% |
WFSPX iShares S&P 500 Index Fund | 1.58% | 1.72% | 1.41% | 1.50% | 2.02% | 1.82% | 1.66% | 1.99% | 2.00% | 1.62% | 2.37% | 2.49% |
Drawdowns
MAIPX vs. WFSPX - Drawdown Comparison
The maximum MAIPX drawdown since its inception was -25.69%, smaller than the maximum WFSPX drawdown of -58.21%. Use the drawdown chart below to compare losses from any high point for MAIPX and WFSPX.
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Drawdown Indicators
| MAIPX | WFSPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.69% | -58.21% | +32.52% |
Max Drawdown (1Y)Largest decline over 1 year | -9.49% | -12.11% | +2.62% |
Max Drawdown (5Y)Largest decline over 5 years | -11.77% | -24.51% | +12.74% |
Max Drawdown (10Y)Largest decline over 10 years | -25.69% | -33.74% | +8.05% |
Current DrawdownCurrent decline from peak | -3.04% | -8.90% | +5.86% |
Average DrawdownAverage peak-to-trough decline | -1.44% | -12.84% | +11.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.43% | 2.49% | -1.06% |
Volatility
MAIPX vs. WFSPX - Volatility Comparison
The current volatility for MAI Managed Volatility Fund (MAIPX) is 2.42%, while iShares S&P 500 Index Fund (WFSPX) has a volatility of 4.24%. This indicates that MAIPX experiences smaller price fluctuations and is considered to be less risky than WFSPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MAIPX | WFSPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.42% | 4.24% | -1.82% |
Volatility (6M)Calculated over the trailing 6-month period | 3.37% | 9.08% | -5.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.80% | 18.06% | -6.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.80% | 16.84% | -8.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.95% | 17.98% | -7.03% |