MFOCX vs. SPY
Compare and contrast key facts about Marsico Focus Fund (MFOCX) and State Street SPDR S&P 500 ETF (SPY).
MFOCX is managed by Marsico Investment Fund. It was launched on Dec 31, 1997. 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.
Performance
MFOCX vs. SPY - Performance Comparison
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MFOCX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MFOCX Marsico Focus Fund | -7.57% | 12.47% | 49.61% | 45.25% | -33.36% | 20.23% | 47.52% | 32.33% | 0.23% | 34.20% |
SPY State Street SPDR S&P 500 ETF | -4.37% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, MFOCX achieves a -7.57% return, which is significantly lower than SPY's -4.37% return. Over the past 10 years, MFOCX has outperformed SPY with an annualized return of 16.47%, while SPY has yielded a comparatively lower 13.98% annualized return.
MFOCX
- 1D
- -0.92%
- 1M
- -9.25%
- YTD
- -7.57%
- 6M
- -7.93%
- 1Y
- 13.70%
- 3Y*
- 25.75%
- 5Y*
- 12.58%
- 10Y*
- 16.47%
SPY
- 1D
- 2.91%
- 1M
- -4.94%
- YTD
- -4.37%
- 6M
- -1.82%
- 1Y
- 17.59%
- 3Y*
- 18.19%
- 5Y*
- 11.69%
- 10Y*
- 13.98%
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MFOCX vs. SPY - Expense Ratio Comparison
MFOCX has a 1.34% expense ratio, which is higher than SPY's 0.09% expense ratio.
Return for Risk
MFOCX vs. SPY — Risk / Return Rank
MFOCX
SPY
MFOCX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Marsico Focus Fund (MFOCX) and State Street 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.
| MFOCX | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.63 | 0.93 | -0.30 |
Sortino ratioReturn per unit of downside risk | 1.03 | 1.45 | -0.42 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.22 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 0.86 | 1.53 | -0.67 |
Martin ratioReturn relative to average drawdown | 3.23 | 7.30 | -4.07 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MFOCX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.63 | 0.93 | -0.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.56 | 0.69 | -0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.75 | 0.78 | -0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.56 | -0.07 |
Correlation
The correlation between MFOCX and SPY is 0.89, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
MFOCX vs. SPY - Dividend Comparison
MFOCX's dividend yield for the trailing twelve months is around 19.26%, more than SPY's 1.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MFOCX Marsico Focus Fund | 19.26% | 17.81% | 11.96% | 2.18% | 18.06% | 11.66% | 8.36% | 7.90% | 11.58% | 18.67% | 0.00% | 24.61% |
SPY State Street SPDR S&P 500 ETF | 1.14% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
MFOCX vs. SPY - Drawdown Comparison
The maximum MFOCX drawdown since its inception was -54.96%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for MFOCX and SPY.
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Drawdown Indicators
| MFOCX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.96% | -55.19% | +0.23% |
Max Drawdown (1Y)Largest decline over 1 year | -12.56% | -12.05% | -0.51% |
Max Drawdown (5Y)Largest decline over 5 years | -36.76% | -24.50% | -12.26% |
Max Drawdown (10Y)Largest decline over 10 years | -36.76% | -33.72% | -3.04% |
Current DrawdownCurrent decline from peak | -10.44% | -6.24% | -4.20% |
Average DrawdownAverage peak-to-trough decline | -15.00% | -9.09% | -5.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.34% | 2.52% | +0.82% |
Volatility
MFOCX vs. SPY - Volatility Comparison
Marsico Focus Fund (MFOCX) has a higher volatility of 5.78% compared to State Street SPDR S&P 500 ETF (SPY) at 5.31%. This indicates that MFOCX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MFOCX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.78% | 5.31% | +0.47% |
Volatility (6M)Calculated over the trailing 6-month period | 12.48% | 9.47% | +3.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.08% | 19.05% | +3.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.53% | 17.06% | +5.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.93% | 17.92% | +4.01% |