MFIC vs. ^GSPC
MFIC (MidCap Financial Investment Corporation) is a stock, while ^GSPC (S&P 500 Index) is an index. Over the past 10 years, MFIC returned 6.66%/yr vs 13.27%/yr for ^GSPC. A 0.56 correlation means they provide meaningful diversification when combined.
Performance
MFIC vs. ^GSPC - Performance Comparison
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Returns By Period
In the year-to-date period, MFIC achieves a -9.28% return, which is significantly lower than ^GSPC's 9.79% return. Over the past 10 years, MFIC has underperformed ^GSPC with an annualized return of 6.66%, while ^GSPC has yielded a comparatively higher 13.27% annualized return.
MFIC
- 1D
- -1.01%
- 1M
- -3.93%
- 6M
- -8.64%
- YTD
- -9.28%
- 1Y
- -16.13%
- 3Y*
- 2.40%
- 5Y*
- 5.07%
- 10Y*
- 6.66%
^GSPC
- 1D
- -0.79%
- 1M
- 1.13%
- 6M
- 7.71%
- YTD
- 9.79%
- 1Y
- 20.06%
- 3Y*
- 18.60%
- 5Y*
- 11.43%
- 10Y*
- 13.27%
MFIC vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MFIC MidCap Financial Investment Corporation | -9.28% | -4.34% | 11.25% | 35.48% | 0.19% | 33.67% | -28.54% | 56.97% | -18.11% | 6.51% |
^GSPC S&P 500 Index | 9.79% | 16.39% | 23.31% | 24.23% | -19.44% | 26.89% | 16.26% | 28.88% | -6.24% | 19.42% |
Correlation
The correlation between MFIC and ^GSPC is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since May 5, 2004 | 0.56 |
Over the past year, the correlation between MFIC and ^GSPC has dropped to 0.35 - well below their long-term average of 0.56, suggesting their price drivers have been diverging.
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Return for Risk
MFIC vs. ^GSPC — Risk / Return Rank
MFIC
^GSPC
MFIC vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MidCap Financial Investment Corporation (MFIC) and S&P 500 Index (^GSPC). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MFIC | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.28 | ||
| Sortino ratioReturn per unit of downside risk | -3.04 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.29 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | -0.69 | 2.21 | -2.90 |
| Martin ratioReturn relative to average drawdown | -1.60 | 9.61 | -11.21 |
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Drawdowns
MFIC vs. ^GSPC - Drawdown Comparison
The maximum MFIC drawdown since its inception was -87.97%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for MFIC and ^GSPC.
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Drawdown Indicators
| MFIC | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.97% | -56.78% | -31.19% |
Max Drawdown (1Y)Largest decline over 1 year | -23.46% | -9.10% | -14.36% |
Max Drawdown (3Y)Largest decline over 3 years | -26.97% | -18.90% | -8.07% |
Max Drawdown (5Y)Largest decline over 5 years | -26.97% | -25.43% | -1.54% |
Max Drawdown (10Y)Largest decline over 10 years | -67.77% | -33.92% | -33.85% |
Current DrawdownCurrent decline from peak | -20.71% | -1.24% | -19.47% |
Average DrawdownAverage peak-to-trough decline | -17.53% | -10.71% | -6.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.07% | 2.09% | +7.98% |
Volatility
MFIC vs. ^GSPC - Volatility Comparison
MidCap Financial Investment Corporation (MFIC) has a higher volatility of 5.67% compared to S&P 500 Index (^GSPC) at 3.96%. This indicates that MFIC's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MFIC | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.67% | 3.96% | +1.71% |
Volatility (6M)Calculated over the trailing 6-month period | 20.35% | 9.99% | +10.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.18% | 12.57% | +11.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.82% | 17.01% | +5.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.01% | 18.05% | +11.96% |
Frequently Asked Questions
MFIC and ^GSPC have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MFIC has higher volatility (5.67%) compared to ^GSPC (3.96%). In terms of maximum drawdown, MFIC dropped -87.97% vs ^GSPC's -56.78%.
^GSPC currently has the higher Sharpe Ratio (1.61 vs -0.67), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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