MFHVX vs. SPY
Compare and contrast key facts about Mesirow High Yield Fund (MFHVX) and SPDR S&P 500 ETF (SPY).
MFHVX is managed by Mesirow. It was launched on Dec 3, 2018. 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: MFHVX or SPY.
Key characteristics
| MFHVX | SPY | |
|---|---|---|
| YTD Return | 9.56% | 27.04% |
| 1Y Return | 14.21% | 39.75% |
| 3Y Return (Ann) | 2.69% | 10.21% |
| 5Y Return (Ann) | 5.02% | 15.93% |
| Sharpe Ratio | 5.53 | 3.15 |
| Sortino Ratio | 9.65 | 4.19 |
| Omega Ratio | 2.65 | 1.59 |
| Calmar Ratio | 2.67 | 4.60 |
| Martin Ratio | 64.68 | 20.85 |
| Ulcer Index | 0.22% | 1.85% |
| Daily Std Dev | 2.57% | 12.29% |
| Max Drawdown | -20.95% | -55.19% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between MFHVX and SPY is 0.45, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
MFHVX vs. SPY - Performance Comparison
In the year-to-date period, MFHVX achieves a 9.56% return, which is significantly lower than SPY's 27.04% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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MFHVX vs. SPY - Expense Ratio Comparison
MFHVX has a 1.43% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
MFHVX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Mesirow High Yield Fund (MFHVX) 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
MFHVX vs. SPY - Dividend Comparison
MFHVX's dividend yield for the trailing twelve months is around 9.28%, more than SPY's 1.17% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MFHVX Mesirow High Yield Fund | 9.28% | 9.67% | 8.96% | 6.49% | 7.00% | 6.79% | 0.45% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.17% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
MFHVX vs. SPY - Drawdown Comparison
The maximum MFHVX drawdown since its inception was -20.95%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for MFHVX and SPY. For additional features, visit the drawdowns tool.
Volatility
MFHVX vs. SPY - Volatility Comparison
The current volatility for Mesirow High Yield Fund (MFHVX) is 0.69%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.95%. This indicates that MFHVX 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.