SPY vs. MCI
Compare and contrast key facts about SPDR S&P 500 ETF (SPY) and Barings Corporate Investors (MCI).
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: SPY or MCI.
Key characteristics
| SPY | MCI | |
|---|---|---|
| YTD Return | 20.89% | 7.05% |
| 1Y Return | 31.53% | 30.42% |
| 3Y Return (Ann) | 11.11% | 14.58% |
| 5Y Return (Ann) | 15.61% | 10.72% |
| 10Y Return (Ann) | 13.08% | 10.16% |
| Sharpe Ratio | 2.39 | 1.52 |
| Daily Std Dev | 12.70% | 21.49% |
| Max Drawdown | -55.19% | -57.22% |
| Current Drawdown | 0.00% | -2.83% |
Correlation
The correlation between SPY and MCI is 0.10, 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
SPY vs. MCI - Performance Comparison
In the year-to-date period, SPY achieves a 20.89% return, which is significantly higher than MCI's 7.05% return. Over the past 10 years, SPY has outperformed MCI with an annualized return of 13.08%, while MCI has yielded a comparatively lower 10.16% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Risk-Adjusted Performance
SPY vs. MCI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P 500 ETF (SPY) and Barings Corporate Investors (MCI). 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
SPY vs. MCI - Dividend Comparison
SPY's dividend yield for the trailing twelve months is around 0.92%, less than MCI's 8.16% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPY SPDR S&P 500 ETF | 0.92% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
MCI Barings Corporate Investors | 8.16% | 7.70% | 7.31% | 6.01% | 7.28% | 7.12% | 8.16% | 7.86% | 7.75% | 6.96% | 7.55% | 8.04% |
Drawdowns
SPY vs. MCI - Drawdown Comparison
The maximum SPY drawdown since its inception was -55.19%, roughly equal to the maximum MCI drawdown of -57.22%. Use the drawdown chart below to compare losses from any high point for SPY and MCI. For additional features, visit the drawdowns tool.
Volatility
SPY vs. MCI - Volatility Comparison
SPDR S&P 500 ETF (SPY) and Barings Corporate Investors (MCI) have volatilities of 4.18% and 4.39%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.