MAMTX vs. SPY
Compare and contrast key facts about Blackrock Strategic Municipal Opportunities Fund Of Blackrock Municipal Series Trust (MAMTX) and SPDR S&P 500 ETF (SPY).
MAMTX is managed by Blackrock. It was launched on Oct 30, 1988. 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: MAMTX or SPY.
Key characteristics
| MAMTX | SPY | |
|---|---|---|
| YTD Return | 4.15% | 18.86% |
| 1Y Return | 9.90% | 28.13% |
| 3Y Return (Ann) | -0.74% | 9.87% |
| 5Y Return (Ann) | 0.76% | 15.23% |
| 10Y Return (Ann) | 2.34% | 12.80% |
| Sharpe Ratio | 2.18 | 2.21 |
| Daily Std Dev | 4.50% | 12.60% |
| Max Drawdown | -16.76% | -55.19% |
| Current Drawdown | -3.24% | -0.61% |
Correlation
The correlation between MAMTX and SPY is 0.01, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
MAMTX vs. SPY - Performance Comparison
In the year-to-date period, MAMTX achieves a 4.15% return, which is significantly lower than SPY's 18.86% return. Over the past 10 years, MAMTX has underperformed SPY with an annualized return of 2.34%, while SPY has yielded a comparatively higher 12.80% annualized 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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MAMTX vs. SPY - Expense Ratio Comparison
MAMTX has a 0.55% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
MAMTX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Blackrock Strategic Municipal Opportunities Fund Of Blackrock Municipal Series Trust (MAMTX) 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
MAMTX vs. SPY - Dividend Comparison
MAMTX's dividend yield for the trailing twelve months is around 3.38%, more than SPY's 0.94% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MAMTX Blackrock Strategic Municipal Opportunities Fund Of Blackrock Municipal Series Trust | 3.38% | 2.96% | 2.63% | 1.98% | 2.38% | 1.54% | 4.74% | 2.89% | 3.91% | 2.85% | 3.04% | 3.88% |
SPY SPDR S&P 500 ETF | 0.94% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
MAMTX vs. SPY - Drawdown Comparison
The maximum MAMTX drawdown since its inception was -16.76%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for MAMTX and SPY. For additional features, visit the drawdowns tool.
Volatility
MAMTX vs. SPY - Volatility Comparison
The current volatility for Blackrock Strategic Municipal Opportunities Fund Of Blackrock Municipal Series Trust (MAMTX) is 0.62%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.84%. This indicates that MAMTX 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.