MGIC vs. ^SP500TR

In the year-to-date period, MGIC achieves a 29.58% return, which is significantly higher than ^SP500TR's 0.54% return. Both investments have delivered pretty close results over the past 10 years, with MGIC having a 12.44% annualized return and ^SP500TR not far ahead at 12.77%.

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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.

The current MGIC Sharpe Ratio is 0.84, which is comparable to the ^SP500TR Sharpe Ratio of 0.73. The chart below compares the historical Sharpe Ratios of MGIC and ^SP500TR, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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.

Magic Software Enterprises Ltd (MGIC) has a higher volatility of 9.75% compared to S&P 500 Total Return (^SP500TR) at 6.15%. 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.