Correlation
The correlation between MDXG and SPY is 0.24, 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.
MDXG vs. SPY
Compare and contrast key facts about MiMedx Group, Inc. (MDXG) 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: MDXG or SPY.
Performance
MDXG vs. SPY - Performance Comparison
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Key characteristics
MDXG:
-0.20
SPY:
0.70
MDXG:
-0.17
SPY:
1.02
MDXG:
0.98
SPY:
1.15
MDXG:
-0.21
SPY:
0.68
MDXG:
-0.80
SPY:
2.57
MDXG:
18.07%
SPY:
4.93%
MDXG:
47.65%
SPY:
20.42%
MDXG:
-93.84%
SPY:
-55.19%
MDXG:
-64.20%
SPY:
-3.55%
Returns By Period
In the year-to-date period, MDXG achieves a -33.16% return, which is significantly lower than SPY's 0.87% return. Over the past 10 years, MDXG has underperformed SPY with an annualized return of -4.44%, while SPY has yielded a comparatively higher 12.73% annualized return.
MDXG
-33.16%
1.74%
-30.49%
-10.07%
18.04%
12.36%
-4.44%
SPY
0.87%
5.54%
-1.56%
13.18%
14.25%
15.81%
12.73%
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Risk-Adjusted Performance
MDXG vs. SPY — Risk-Adjusted Performance Rank
MDXG
SPY
MDXG vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MiMedx Group, Inc. (MDXG) 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
MDXG vs. SPY - Dividend Comparison
MDXG has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.22%.
TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
MDXG MiMedx Group, Inc. | 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 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
MDXG vs. SPY - Drawdown Comparison
The maximum MDXG drawdown since its inception was -93.84%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for MDXG and SPY.
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Volatility
MDXG vs. SPY - Volatility Comparison
MiMedx Group, Inc. (MDXG) has a higher volatility of 16.39% compared to SPDR S&P 500 ETF (SPY) at 4.86%. This indicates that MDXG'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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