MASPTOP50.NS vs. SPY
Compare and contrast key facts about Mirae Asset S&P 500 Top 50 ETF (MASPTOP50.NS) and State Street SPDR S&P 500 ETF (SPY).
MASPTOP50.NS and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MASPTOP50.NS is a passively managed fund by Mirae Asset that tracks the performance of the S&P 500 Top 50 Total Return Index. It was launched on Sep 20, 2021. 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. Both MASPTOP50.NS and SPY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
MASPTOP50.NS vs. SPY - Performance Comparison
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MASPTOP50.NS vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
MASPTOP50.NS Mirae Asset S&P 500 Top 50 ETF | -5.63% | 22.47% | 65.09% | 36.63% | -16.15% | 9.02% |
SPY State Street SPDR S&P 500 ETF | -3.65% | 17.72% | 24.89% | 26.18% | -18.18% | 7.68% |
Returns By Period
In the year-to-date period, MASPTOP50.NS achieves a -5.63% return, which is significantly lower than SPY's -3.65% return.
MASPTOP50.NS
- 1D
- -0.90%
- 1M
- -3.49%
- YTD
- -5.63%
- 6M
- -1.45%
- 1Y
- 37.17%
- 3Y*
- 33.16%
- 5Y*
- —
- 10Y*
- —
SPY
- 1D
- 0.75%
- 1M
- -4.28%
- YTD
- -3.65%
- 6M
- -1.42%
- 1Y
- 18.14%
- 3Y*
- 18.48%
- 5Y*
- 11.86%
- 10Y*
- 14.06%
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MASPTOP50.NS vs. SPY - Expense Ratio Comparison
MASPTOP50.NS has a 0.65% expense ratio, which is higher than SPY's 0.09% expense ratio.
Return for Risk
MASPTOP50.NS vs. SPY — Risk / Return Rank
MASPTOP50.NS
SPY
MASPTOP50.NS vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Mirae Asset S&P 500 Top 50 ETF (MASPTOP50.NS) and State Street 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.
| MASPTOP50.NS | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.88 | 0.96 | +0.92 |
Sortino ratioReturn per unit of downside risk | 2.42 | 1.49 | +0.93 |
Omega ratioGain probability vs. loss probability | 1.34 | 1.23 | +0.11 |
Calmar ratioReturn relative to maximum drawdown | 4.13 | 1.53 | +2.60 |
Martin ratioReturn relative to average drawdown | 12.66 | 7.27 | +5.39 |
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
| MASPTOP50.NS | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.88 | 0.96 | +0.92 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.70 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.79 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.94 | 0.56 | +0.38 |
Correlation
The correlation between MASPTOP50.NS and SPY is 0.11, 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.
Dividends
MASPTOP50.NS vs. SPY - Dividend Comparison
MASPTOP50.NS has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.13%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MASPTOP50.NS Mirae Asset S&P 500 Top 50 ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY State Street SPDR S&P 500 ETF | 1.13% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
MASPTOP50.NS vs. SPY - Drawdown Comparison
The maximum MASPTOP50.NS drawdown since its inception was -29.85%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for MASPTOP50.NS and SPY.
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Drawdown Indicators
| MASPTOP50.NS | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.85% | -55.19% | +25.34% |
Max Drawdown (1Y)Largest decline over 1 year | -7.94% | -12.05% | +4.11% |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.50% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.72% | — |
Current DrawdownCurrent decline from peak | -7.41% | -5.53% | -1.88% |
Average DrawdownAverage peak-to-trough decline | -7.13% | -9.09% | +1.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.87% | 2.54% | +0.33% |
Volatility
MASPTOP50.NS vs. SPY - Volatility Comparison
Mirae Asset S&P 500 Top 50 ETF (MASPTOP50.NS) has a higher volatility of 7.96% compared to State Street SPDR S&P 500 ETF (SPY) at 5.35%. This indicates that MASPTOP50.NS's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MASPTOP50.NS | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.96% | 5.35% | +2.61% |
Volatility (6M)Calculated over the trailing 6-month period | 13.10% | 9.50% | +3.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.89% | 19.06% | +0.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.86% | 17.06% | +5.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.86% | 17.92% | +4.94% |