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 | 27.04% | 11.44% |
| 1Y Return | 39.75% | 34.62% |
| 3Y Return (Ann) | 10.21% | 15.82% |
| 5Y Return (Ann) | 15.93% | 10.91% |
| 10Y Return (Ann) | 13.36% | 10.02% |
| Sharpe Ratio | 3.15 | 1.55 |
| Sortino Ratio | 4.19 | 1.92 |
| Omega Ratio | 1.59 | 1.29 |
| Calmar Ratio | 4.60 | 3.46 |
| Martin Ratio | 20.85 | 8.33 |
| Ulcer Index | 1.85% | 4.11% |
| Daily Std Dev | 12.29% | 22.05% |
| Max Drawdown | -55.19% | -57.08% |
| Current Drawdown | 0.00% | -3.56% |
Correlation
The correlation between SPY and MCI is 0.09, 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 27.04% return, which is significantly higher than MCI's 11.44% return. Over the past 10 years, SPY has outperformed MCI with an annualized return of 13.36%, while MCI has yielded a comparatively lower 10.02% 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 1.17%, less than MCI's 8.15% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPY SPDR S&P 500 ETF | 1.17% | 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 | 8.15% | 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 -57.08%. 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
The current volatility for SPDR S&P 500 ETF (SPY) is 3.95%, while Barings Corporate Investors (MCI) has a volatility of 4.43%. This indicates that SPY experiences smaller price fluctuations and is considered to be less risky than MCI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.