MGIC vs. ^SP500TR
Compare and contrast key facts about Magic Software Enterprises Ltd (MGIC) 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: MGIC or ^SP500TR.
Correlation
The correlation between MGIC and ^SP500TR is 0.23, 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
MGIC vs. ^SP500TR - Performance Comparison
Key characteristics
MGIC:
0.59
^SP500TR:
1.87
MGIC:
1.08
^SP500TR:
2.52
MGIC:
1.13
^SP500TR:
1.34
MGIC:
0.36
^SP500TR:
2.82
MGIC:
1.89
^SP500TR:
11.69
MGIC:
11.07%
^SP500TR:
2.04%
MGIC:
35.20%
^SP500TR:
12.77%
MGIC:
-97.62%
^SP500TR:
-55.25%
MGIC:
-40.80%
^SP500TR:
0.00%
Returns By Period
In the year-to-date period, MGIC achieves a 10.56% return, which is significantly higher than ^SP500TR's 4.64% return. Over the past 10 years, MGIC has underperformed ^SP500TR with an annualized return of 9.83%, while ^SP500TR has yielded a comparatively higher 13.33% annualized return.
MGIC
10.56%
5.56%
24.77%
21.23%
6.81%
9.83%
^SP500TR
4.64%
2.57%
10.02%
25.16%
14.82%
13.33%
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Risk-Adjusted Performance
MGIC vs. ^SP500TR — Risk-Adjusted Performance Rank
MGIC
^SP500TR
MGIC vs. ^SP500TR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Magic Software Enterprises Ltd (MGIC) 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.
Drawdowns
MGIC vs. ^SP500TR - Drawdown Comparison
The maximum MGIC drawdown since its inception was -97.62%, which is greater than ^SP500TR's maximum drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for MGIC and ^SP500TR. For additional features, visit the drawdowns tool.
Volatility
MGIC vs. ^SP500TR - Volatility Comparison
Magic Software Enterprises Ltd (MGIC) has a higher volatility of 8.03% compared to S&P 500 Total Return (^SP500TR) at 3.07%. This indicates that MGIC'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.