MGNX vs. SPLG
Compare and contrast key facts about MacroGenics, Inc. (MGNX) and SPDR Portfolio S&P 500 ETF (SPLG).
SPLG is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Nov 15, 2005.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MGNX or SPLG.
Key characteristics
| MGNX | SPLG | |
|---|---|---|
| YTD Return | -60.40% | 26.11% |
| 1Y Return | -47.59% | 33.82% |
| 3Y Return (Ann) | -42.09% | 9.98% |
| 5Y Return (Ann) | -15.14% | 15.66% |
| 10Y Return (Ann) | -16.47% | 13.37% |
| Sharpe Ratio | -0.39 | 2.83 |
| Sortino Ratio | 0.51 | 3.78 |
| Omega Ratio | 1.10 | 1.53 |
| Calmar Ratio | -0.50 | 4.05 |
| Martin Ratio | -0.77 | 18.36 |
| Ulcer Index | 59.74% | 1.86% |
| Daily Std Dev | 117.43% | 12.04% |
| Max Drawdown | -94.40% | -54.50% |
| Current Drawdown | -90.52% | -0.89% |
Correlation
The correlation between MGNX and SPLG is 0.32, 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
MGNX vs. SPLG - Performance Comparison
In the year-to-date period, MGNX achieves a -60.40% return, which is significantly lower than SPLG's 26.11% return. Over the past 10 years, MGNX has underperformed SPLG with an annualized return of -16.47%, while SPLG has yielded a comparatively higher 13.37% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
MGNX vs. SPLG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MacroGenics, Inc. (MGNX) and SPDR Portfolio S&P 500 ETF (SPLG). 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.
Dividends
MGNX vs. SPLG - Dividend Comparison
MGNX has not paid dividends to shareholders, while SPLG's dividend yield for the trailing twelve months is around 1.24%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MGNX MacroGenics, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPLG SPDR Portfolio S&P 500 ETF | 1.24% | 1.44% | 1.69% | 1.25% | 1.54% | 1.79% | 2.23% | 1.75% | 1.97% | 1.98% | 1.79% | 1.71% |
Drawdowns
MGNX vs. SPLG - Drawdown Comparison
The maximum MGNX drawdown since its inception was -94.40%, which is greater than SPLG's maximum drawdown of -54.50%. Use the drawdown chart below to compare losses from any high point for MGNX and SPLG. For additional features, visit the drawdowns tool.
Volatility
MGNX vs. SPLG - Volatility Comparison
MacroGenics, Inc. (MGNX) has a higher volatility of 23.53% compared to SPDR Portfolio S&P 500 ETF (SPLG) at 3.83%. This indicates that MGNX's price experiences larger fluctuations and is considered to be riskier than SPLG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.