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:
0.52
^SP500TR:
0.32
MGIC:
0.99
^SP500TR:
0.57
MGIC:
1.12
^SP500TR:
1.08
MGIC:
0.33
^SP500TR:
0.32
MGIC:
1.67
^SP500TR:
1.43
MGIC:
11.23%
^SP500TR:
4.19%
MGIC:
35.77%
^SP500TR:
18.99%
MGIC:
-97.62%
^SP500TR:
-55.25%
MGIC:
-39.61%
^SP500TR:
-13.83%
Returns By Period
In the year-to-date period, MGIC achieves a 10.56% return, which is significantly higher than ^SP500TR's -9.83% return. Over the past 10 years, MGIC has underperformed ^SP500TR with an annualized return of 10.72%, while ^SP500TR has yielded a comparatively higher 11.64% annualized return.
MGIC
10.56%
-1.04%
21.23%
19.91%
12.51%
10.72%
^SP500TR
-9.83%
-6.64%
-9.33%
7.79%
15.16%
11.64%
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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
The current volatility for Magic Software Enterprises Ltd (MGIC) is 10.19%, while S&P 500 Total Return (^SP500TR) has a volatility of 13.59%. This indicates that MGIC experiences smaller price fluctuations and is considered to be less risky than ^SP500TR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.