Correlation
The correlation between MGRC and SPY is 0.40, 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.
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.
Performance
MGRC vs. SPY - Performance Comparison
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Key characteristics
MGRC:
0.20
SPY:
0.70
MGRC:
0.40
SPY:
1.02
MGRC:
1.05
SPY:
1.15
MGRC:
0.15
SPY:
0.68
MGRC:
0.41
SPY:
2.57
MGRC:
9.01%
SPY:
4.93%
MGRC:
27.55%
SPY:
20.42%
MGRC:
-64.80%
SPY:
-55.19%
MGRC:
-12.46%
SPY:
-3.55%
Returns By Period
In the year-to-date period, MGRC achieves a 1.36% return, which is significantly higher than SPY's 0.87% return. Over the past 10 years, MGRC has outperformed SPY with an annualized return of 16.78%, while SPY has yielded a comparatively lower 12.73% annualized return.
MGRC
1.36%
4.67%
-6.98%
4.90%
13.08%
17.46%
16.78%
SPY
0.87%
5.54%
-1.56%
13.18%
14.25%
15.81%
12.73%
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Risk-Adjusted Performance
MGRC vs. SPY — Risk-Adjusted Performance Rank
MGRC
SPY
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.
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Dividends
MGRC vs. SPY - Dividend Comparison
MGRC's dividend yield for the trailing twelve months is around 1.70%, more than SPY's 1.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MGRC McGrath RentCorp | 1.70% | 1.69% | 1.55% | 1.82% | 2.15% | 2.44% | 1.91% | 2.49% | 2.20% | 2.59% | 3.95% | 2.72% |
SPY SPDR S&P 500 ETF | 1.22% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
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.
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Volatility
MGRC vs. SPY - Volatility Comparison
McGrath RentCorp (MGRC) has a higher volatility of 6.92% compared to SPDR S&P 500 ETF (SPY) at 4.86%. 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.
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