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.
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.
Performance
MFM vs. SPY - Performance Comparison
Key characteristics
MFM:
0.90
SPY:
1.95
MFM:
1.35
SPY:
2.60
MFM:
1.16
SPY:
1.36
MFM:
0.42
SPY:
2.98
MFM:
3.44
SPY:
12.42
MFM:
2.77%
SPY:
2.02%
MFM:
10.50%
SPY:
12.88%
MFM:
-54.24%
SPY:
-55.19%
MFM:
-14.18%
SPY:
-1.30%
Returns By Period
In the year-to-date period, MFM achieves a 1.73% return, which is significantly lower than SPY's 2.68% return. Over the past 10 years, MFM has underperformed SPY with an annualized return of 2.63%, while SPY has yielded a comparatively higher 13.67% annualized return.
MFM
1.73%
2.21%
2.41%
8.69%
-1.20%
2.63%
SPY
2.68%
2.31%
9.96%
24.17%
15.14%
13.67%
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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.
Dividends
MFM vs. SPY - Dividend Comparison
MFM's dividend yield for the trailing twelve months is around 4.76%, more than SPY's 1.17% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MFM MFS Municipal Income Trust | 4.76% | 4.77% | 4.20% | 4.92% | 4.37% | 4.72% | 4.71% | 5.98% | 5.65% | 5.75% | 5.78% | 6.04% |
SPY SPDR S&P 500 ETF | 1.17% | 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 -54.24%, 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 2.79%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.23%. 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.