Correlation
The correlation between MFM and SPY is 0.10, 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.
MFM vs. SPY
Compare and contrast key facts about MFS Municipal Income Trust (MFM) 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: MFM or SPY.
Performance
MFM vs. SPY - Performance Comparison
Loading data...
Key characteristics
MFM:
0.42
SPY:
0.70
MFM:
0.55
SPY:
1.02
MFM:
1.07
SPY:
1.15
MFM:
0.19
SPY:
0.68
MFM:
0.91
SPY:
2.57
MFM:
4.54%
SPY:
4.93%
MFM:
11.57%
SPY:
20.42%
MFM:
-54.27%
SPY:
-55.19%
MFM:
-17.83%
SPY:
-3.55%
Returns By Period
In the year-to-date period, MFM achieves a -2.32% return, which is significantly lower than SPY's 0.87% return. Over the past 10 years, MFM has underperformed SPY with an annualized return of 2.69%, while SPY has yielded a comparatively higher 12.73% annualized return.
MFM
-2.32%
-1.31%
-7.96%
3.65%
0.11%
0.68%
2.69%
SPY
0.87%
5.54%
-1.56%
13.18%
14.25%
15.81%
12.73%
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
MFM vs. SPY — Risk-Adjusted Performance Rank
MFM
SPY
MFM vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MFS Municipal Income Trust (MFM) 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.
Loading data...
Dividends
MFM vs. SPY - Dividend Comparison
MFM's dividend yield for the trailing twelve months is around 5.03%, more than SPY's 1.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MFM MFS Municipal Income Trust | 5.03% | 4.65% | 4.12% | 4.85% | 4.34% | 4.70% | 4.71% | 5.91% | 5.61% | 5.72% | 5.76% | 6.04% |
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
MFM vs. SPY - Drawdown Comparison
The maximum MFM drawdown since its inception was -54.27%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for MFM and SPY.
Loading data...
Volatility
MFM vs. SPY - Volatility Comparison
The current volatility for MFS Municipal Income Trust (MFM) is 3.14%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.86%. This indicates that MFM 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.
Loading data...