MDISX vs. SPY
Compare and contrast key facts about Franklin Mutual Global Discovery Fund (MDISX) and SPDR S&P 500 ETF (SPY).
MDISX is managed by Franklin Templeton. It was launched on Dec 30, 1992. 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: MDISX or SPY.
Correlation
The correlation between MDISX and SPY is 0.72, 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.
Performance
MDISX vs. SPY - Performance Comparison
Key characteristics
MDISX:
0.31
SPY:
1.82
MDISX:
0.45
SPY:
2.45
MDISX:
1.07
SPY:
1.33
MDISX:
0.28
SPY:
2.77
MDISX:
0.84
SPY:
11.49
MDISX:
4.59%
SPY:
2.03%
MDISX:
12.57%
SPY:
12.70%
MDISX:
-42.14%
SPY:
-55.19%
MDISX:
-6.20%
SPY:
0.00%
Returns By Period
In the year-to-date period, MDISX achieves a 7.66% return, which is significantly higher than SPY's 4.04% return. Over the past 10 years, MDISX has underperformed SPY with an annualized return of 1.10%, while SPY has yielded a comparatively higher 13.24% annualized return.
MDISX
7.66%
6.26%
-3.12%
2.21%
2.18%
1.10%
SPY
4.04%
4.73%
10.95%
23.86%
14.32%
13.24%
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MDISX vs. SPY - Expense Ratio Comparison
MDISX has a 0.95% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
MDISX vs. SPY — Risk-Adjusted Performance Rank
MDISX
SPY
MDISX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Mutual Global Discovery Fund (MDISX) 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
MDISX vs. SPY - Dividend Comparison
MDISX's dividend yield for the trailing twelve months is around 2.14%, more than SPY's 1.16% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MDISX Franklin Mutual Global Discovery Fund | 2.14% | 2.31% | 1.62% | 2.08% | 2.58% | 2.90% | 2.23% | 2.39% | 2.45% | 2.20% | 1.88% | 8.48% |
SPY SPDR S&P 500 ETF | 1.16% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
MDISX vs. SPY - Drawdown Comparison
The maximum MDISX drawdown since its inception was -42.14%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for MDISX and SPY. For additional features, visit the drawdowns tool.
Volatility
MDISX vs. SPY - Volatility Comparison
The current volatility for Franklin Mutual Global Discovery Fund (MDISX) is 2.48%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.15%. This indicates that MDISX 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.