MGRC vs. SPY
Compare and contrast key facts about McGrath RentCorp (MGRC) and SPDR S&P 500 ETF (SPY).
SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MGRC or SPY.
Key characteristics
| MGRC | SPY | |
|---|---|---|
| YTD Return | -5.83% | 7.26% |
| 1Y Return | 28.63% | 25.03% |
| 3Y Return (Ann) | 13.20% | 8.37% |
| 5Y Return (Ann) | 15.16% | 13.44% |
| 10Y Return (Ann) | 16.68% | 12.49% |
| Sharpe Ratio | 1.38 | 2.35 |
| Daily Std Dev | 23.24% | 11.68% |
| Max Drawdown | -64.80% | -55.19% |
| Current Drawdown | -13.79% | -2.85% |
Correlation
The correlation between MGRC and SPY is 0.39, 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
MGRC vs. SPY - Performance Comparison
In the year-to-date period, MGRC achieves a -5.83% return, which is significantly lower than SPY's 7.26% return. Over the past 10 years, MGRC has outperformed SPY with an annualized return of 16.68%, while SPY has yielded a comparatively lower 12.49% 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
MGRC vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for McGrath RentCorp (MGRC) and SPDR S&P 500 ETF (SPY). 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
MGRC vs. SPY - Dividend Comparison
MGRC's dividend yield for the trailing twelve months is around 1.67%, more than SPY's 1.32% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MGRC McGrath RentCorp | 1.67% | 1.55% | 1.82% | 2.15% | 2.44% | 1.91% | 2.49% | 2.20% | 2.59% | 3.95% | 2.72% | 2.40% |
SPY SPDR S&P 500 ETF | 1.32% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
MGRC vs. SPY - Drawdown Comparison
The maximum MGRC drawdown since its inception was -64.80%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for MGRC and SPY. For additional features, visit the drawdowns tool.
Volatility
MGRC vs. SPY - Volatility Comparison
McGrath RentCorp (MGRC) has a higher volatility of 5.11% compared to SPDR S&P 500 ETF (SPY) at 3.58%. This indicates that MGRC's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.