Correlation
The correlation between MEIKX and SPY is 0.88, 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.
MEIKX vs. SPY
Compare and contrast key facts about MFS Value Fund (MEIKX) and SPDR S&P 500 ETF (SPY).
MEIKX is managed by MFS. It was launched on May 1, 2006. 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: MEIKX or SPY.
Performance
MEIKX vs. SPY - Performance Comparison
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Key characteristics
MEIKX:
0.57
SPY:
0.68
MEIKX:
1.10
SPY:
1.11
MEIKX:
1.15
SPY:
1.16
MEIKX:
0.85
SPY:
0.75
MEIKX:
3.12
SPY:
2.86
MEIKX:
3.56%
SPY:
4.93%
MEIKX:
15.18%
SPY:
20.44%
MEIKX:
-36.68%
SPY:
-55.19%
MEIKX:
-2.13%
SPY:
-3.01%
Returns By Period
In the year-to-date period, MEIKX achieves a 4.54% return, which is significantly higher than SPY's 1.44% return. Over the past 10 years, MEIKX has underperformed SPY with an annualized return of 9.17%, while SPY has yielded a comparatively higher 12.88% annualized return.
MEIKX
4.54%
2.11%
-1.38%
8.57%
8.58%
11.40%
9.17%
SPY
1.44%
4.58%
-1.18%
13.82%
14.68%
15.35%
12.88%
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MEIKX vs. SPY - Expense Ratio Comparison
MEIKX has a 0.43% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
MEIKX vs. SPY — Risk-Adjusted Performance Rank
MEIKX
SPY
MEIKX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MFS Value Fund (MEIKX) 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
MEIKX vs. SPY - Dividend Comparison
MEIKX's dividend yield for the trailing twelve months is around 9.17%, more than SPY's 1.21% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MEIKX MFS Value Fund | 9.17% | 9.49% | 8.58% | 7.77% | 3.43% | 2.75% | 3.28% | 3.76% | 4.67% | 3.84% | 6.12% | 4.99% |
SPY SPDR S&P 500 ETF | 1.21% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
MEIKX vs. SPY - Drawdown Comparison
The maximum MEIKX drawdown since its inception was -36.68%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for MEIKX and SPY.
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Volatility
MEIKX vs. SPY - Volatility Comparison
The current volatility for MFS Value Fund (MEIKX) is 4.05%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.85%. This indicates that MEIKX 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.
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