MESA vs. SPY
Compare and contrast key facts about Mesa Air Group, Inc. (MESA) 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: MESA or SPY.
Correlation
The correlation between MESA and SPY is 0.36, 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
MESA vs. SPY - Performance Comparison
Key characteristics
MESA:
0.33
SPY:
1.87
MESA:
1.25
SPY:
2.52
MESA:
1.15
SPY:
1.35
MESA:
0.29
SPY:
2.81
MESA:
0.98
SPY:
11.69
MESA:
28.29%
SPY:
2.02%
MESA:
83.38%
SPY:
12.65%
MESA:
-97.35%
SPY:
-55.19%
MESA:
-92.58%
SPY:
0.00%
Returns By Period
In the year-to-date period, MESA achieves a 6.03% return, which is significantly higher than SPY's 4.58% return.
MESA
6.03%
-7.52%
-3.15%
27.14%
-30.77%
N/A
SPY
4.58%
2.57%
10.04%
24.97%
14.73%
13.23%
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
MESA vs. SPY — Risk-Adjusted Performance Rank
MESA
SPY
MESA vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Mesa Air Group, Inc. (MESA) 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
MESA vs. SPY - Dividend Comparison
MESA has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.15%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MESA Mesa Air 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 | 1.15% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
MESA vs. SPY - Drawdown Comparison
The maximum MESA drawdown since its inception was -97.35%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for MESA and SPY. For additional features, visit the drawdowns tool.
Volatility
MESA vs. SPY - Volatility Comparison
Mesa Air Group, Inc. (MESA) has a higher volatility of 16.08% compared to SPDR S&P 500 ETF (SPY) at 3.00%. This indicates that MESA'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.