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.
Correlation
The correlation between MGNX and SPLG is 0.33, 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
Key characteristics
MGNX:
-0.60
SPLG:
1.89
MGNX:
-0.14
SPLG:
2.53
MGNX:
0.97
SPLG:
1.35
MGNX:
-0.76
SPLG:
2.83
MGNX:
-1.03
SPLG:
11.90
MGNX:
68.34%
SPLG:
2.01%
MGNX:
116.85%
SPLG:
12.63%
MGNX:
-94.40%
SPLG:
-54.52%
MGNX:
-92.44%
SPLG:
-3.93%
Returns By Period
In the year-to-date period, MGNX achieves a -6.46% return, which is significantly lower than SPLG's -0.67% return. Over the past 10 years, MGNX has underperformed SPLG with an annualized return of -20.99%, while SPLG has yielded a comparatively higher 13.31% annualized return.
MGNX
-6.46%
-5.00%
-43.55%
-71.59%
-23.56%
-20.99%
SPLG
-0.67%
-3.35%
3.75%
23.76%
13.79%
13.31%
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Risk-Adjusted Performance
MGNX vs. SPLG — Risk-Adjusted Performance Rank
MGNX
SPLG
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 1.29%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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 | 1.29% | 1.28% | 1.44% | 1.69% | 1.25% | 1.54% | 1.79% | 2.23% | 1.75% | 1.97% | 1.98% | 1.79% |
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 -54.52%. 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 12.24% compared to SPDR Portfolio S&P 500 ETF (SPLG) at 4.56%. 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.