MIDD vs. SPY
Compare and contrast key facts about The Middleby Corporation (MIDD) 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: MIDD or SPY.
Correlation
The correlation between MIDD and SPY is 0.36, 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
MIDD vs. SPY - Performance Comparison
Key characteristics
MIDD:
0.70
SPY:
1.98
MIDD:
1.35
SPY:
2.64
MIDD:
1.16
SPY:
1.36
MIDD:
0.56
SPY:
3.03
MIDD:
1.56
SPY:
12.63
MIDD:
14.44%
SPY:
2.02%
MIDD:
32.23%
SPY:
12.89%
MIDD:
-77.58%
SPY:
-55.19%
MIDD:
-13.40%
SPY:
-0.86%
Returns By Period
In the year-to-date period, MIDD achieves a 27.64% return, which is significantly higher than SPY's 3.15% return. Over the past 10 years, MIDD has underperformed SPY with an annualized return of 6.19%, while SPY has yielded a comparatively higher 13.73% annualized return.
MIDD
27.64%
26.59%
27.82%
19.37%
8.76%
6.19%
SPY
3.15%
1.60%
12.25%
24.63%
14.82%
13.73%
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Risk-Adjusted Performance
MIDD vs. SPY — Risk-Adjusted Performance Rank
MIDD
SPY
MIDD vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for The Middleby Corporation (MIDD) 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
MIDD vs. SPY - Dividend Comparison
MIDD has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.17%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MIDD The Middleby Corporation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.17% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
MIDD vs. SPY - Drawdown Comparison
The maximum MIDD drawdown since its inception was -77.58%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for MIDD and SPY. For additional features, visit the drawdowns tool.
Volatility
MIDD vs. SPY - Volatility Comparison
The Middleby Corporation (MIDD) has a higher volatility of 15.32% compared to SPDR S&P 500 ETF (SPY) at 4.20%. This indicates that MIDD'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.