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
Returns By Period
In the year-to-date period, MFM achieves a 11.88% return, which is significantly lower than SPY's 25.36% return. Over the past 10 years, MFM has underperformed SPY with an annualized return of 3.53%, while SPY has yielded a comparatively higher 13.07% annualized return.
MFM
11.88%
-2.25%
7.85%
18.45%
-0.39%
3.53%
SPY
25.36%
0.98%
11.79%
31.70%
15.55%
13.07%
Key characteristics
| MFM | SPY | |
|---|---|---|
| Sharpe Ratio | 1.61 | 2.69 |
| Sortino Ratio | 2.44 | 3.59 |
| Omega Ratio | 1.30 | 1.50 |
| Calmar Ratio | 0.69 | 3.89 |
| Martin Ratio | 9.24 | 17.53 |
| Ulcer Index | 1.97% | 1.87% |
| Daily Std Dev | 11.31% | 12.15% |
| Max Drawdown | -54.24% | -55.19% |
| Current Drawdown | -12.99% | -1.41% |
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Correlation
The correlation between MFM and SPY is 0.09, 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.
Risk-Adjusted Performance
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.
Dividends
MFM vs. SPY - Dividend Comparison
MFM's dividend yield for the trailing twelve months is around 4.53%, more than SPY's 1.19% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MFM MFS Municipal Income Trust | 4.53% | 4.20% | 4.92% | 4.37% | 4.72% | 4.71% | 5.98% | 5.65% | 5.75% | 5.78% | 6.04% | 7.07% |
SPY SPDR S&P 500 ETF | 1.19% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
MFM vs. SPY - Drawdown Comparison
The maximum MFM drawdown since its inception was -54.24%, 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. For additional features, visit the drawdowns tool.
Volatility
MFM vs. SPY - Volatility Comparison
The current volatility for MFS Municipal Income Trust (MFM) is 3.26%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.09%. 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.