Correlation
The correlation between MDV and SPY is 0.15, 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.
MDV vs. SPY
Compare and contrast key facts about Modiv Inc (MDV) and SPDR S&P 500 ETF (SPY).
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: MDV or SPY.
Performance
MDV vs. SPY - Performance Comparison
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Key characteristics
MDV:
0.12
SPY:
0.70
MDV:
0.32
SPY:
1.02
MDV:
1.04
SPY:
1.15
MDV:
0.03
SPY:
0.68
MDV:
0.23
SPY:
2.57
MDV:
9.91%
SPY:
4.93%
MDV:
31.23%
SPY:
20.42%
MDV:
-85.12%
SPY:
-55.19%
MDV:
-70.31%
SPY:
-3.55%
Returns By Period
In the year-to-date period, MDV achieves a -0.41% return, which is significantly lower than SPY's 0.87% return.
MDV
-0.41%
-10.71%
-6.90%
1.95%
2.03%
N/A
N/A
SPY
0.87%
5.54%
-1.56%
13.18%
14.25%
15.81%
12.73%
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Risk-Adjusted Performance
MDV vs. SPY — Risk-Adjusted Performance Rank
MDV
SPY
MDV vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Modiv Inc (MDV) 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.
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Dividends
MDV vs. SPY - Dividend Comparison
MDV's dividend yield for the trailing twelve months is around 8.07%, more than SPY's 1.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MDV Modiv Inc | 8.07% | 7.73% | 7.71% | 8.78% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.22% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
MDV vs. SPY - Drawdown Comparison
The maximum MDV drawdown since its inception was -85.12%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for MDV and SPY.
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Volatility
MDV vs. SPY - Volatility Comparison
Modiv Inc (MDV) has a higher volatility of 10.68% compared to SPDR S&P 500 ETF (SPY) at 4.86%. This indicates that MDV'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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