Correlation
The correlation between MG.TO and ^SP500TR is 0.48, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
MG.TO vs. ^SP500TR
Compare and contrast key facts about Magna International Inc. (MG.TO) and S&P 500 Total Return (^SP500TR).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MG.TO or ^SP500TR.
Performance
MG.TO vs. ^SP500TR - Performance Comparison
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Key characteristics
MG.TO:
-0.49
^SP500TR:
0.64
MG.TO:
-0.55
^SP500TR:
1.07
MG.TO:
0.93
^SP500TR:
1.16
MG.TO:
-0.28
^SP500TR:
0.71
MG.TO:
-1.23
^SP500TR:
2.71
MG.TO:
14.20%
^SP500TR:
4.92%
MG.TO:
33.25%
^SP500TR:
19.78%
MG.TO:
-77.44%
^SP500TR:
-55.25%
MG.TO:
-55.79%
^SP500TR:
-3.80%
Returns By Period
In the year-to-date period, MG.TO achieves a -15.35% return, which is significantly lower than ^SP500TR's 0.66% return. Over the past 10 years, MG.TO has underperformed ^SP500TR with an annualized return of -1.15%, while ^SP500TR has yielded a comparatively higher 12.82% annualized return.
MG.TO
-15.35%
6.36%
-19.32%
-16.40%
-12.60%
-0.58%
-1.15%
^SP500TR
0.66%
6.65%
-1.18%
12.48%
14.02%
15.85%
12.82%
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Risk-Adjusted Performance
MG.TO vs. ^SP500TR — Risk-Adjusted Performance Rank
MG.TO
^SP500TR
MG.TO vs. ^SP500TR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Magna International Inc. (MG.TO) and S&P 500 Total Return (^SP500TR). 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.
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Drawdowns
MG.TO vs. ^SP500TR - Drawdown Comparison
The maximum MG.TO drawdown since its inception was -77.44%, which is greater than ^SP500TR's maximum drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for MG.TO and ^SP500TR.
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Volatility
MG.TO vs. ^SP500TR - Volatility Comparison
Magna International Inc. (MG.TO) has a higher volatility of 10.62% compared to S&P 500 Total Return (^SP500TR) at 4.77%. This indicates that MG.TO's price experiences larger fluctuations and is considered to be riskier than ^SP500TR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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