MIEIX vs. SPY
Compare and contrast key facts about MFS International Equity Fund Class R6 (MIEIX) and SPDR S&P 500 ETF (SPY).
MIEIX is managed by MFS. It was launched on Jan 31, 1996. 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: MIEIX or SPY.
Performance
MIEIX vs. SPY - Performance Comparison
Returns By Period
In the year-to-date period, MIEIX achieves a 4.71% return, which is significantly lower than SPY's 24.40% return. Over the past 10 years, MIEIX has underperformed SPY with an annualized return of 7.14%, while SPY has yielded a comparatively higher 13.04% annualized return.
MIEIX
4.71%
-6.35%
-2.90%
10.24%
6.98%
7.14%
SPY
24.40%
0.59%
11.33%
31.86%
15.23%
13.04%
Key characteristics
| MIEIX | SPY | |
|---|---|---|
| Sharpe Ratio | 0.99 | 2.64 |
| Sortino Ratio | 1.44 | 3.53 |
| Omega Ratio | 1.17 | 1.49 |
| Calmar Ratio | 1.37 | 3.81 |
| Martin Ratio | 4.68 | 17.21 |
| Ulcer Index | 2.47% | 1.86% |
| Daily Std Dev | 11.67% | 12.15% |
| Max Drawdown | -50.56% | -55.19% |
| Current Drawdown | -8.47% | -2.17% |
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MIEIX vs. SPY - Expense Ratio Comparison
MIEIX has a 0.68% expense ratio, which is higher than SPY's 0.09% expense ratio.
Correlation
The correlation between MIEIX and SPY is 0.65, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
MIEIX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MFS International Equity Fund Class R6 (MIEIX) 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
MIEIX vs. SPY - Dividend Comparison
MIEIX's dividend yield for the trailing twelve months is around 1.60%, more than SPY's 1.20% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MIEIX MFS International Equity Fund Class R6 | 1.60% | 1.67% | 0.86% | 2.06% | 0.79% | 2.26% | 1.48% | 1.85% | 1.78% | 1.65% | 4.89% | 3.04% |
SPY SPDR S&P 500 ETF | 1.20% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
MIEIX vs. SPY - Drawdown Comparison
The maximum MIEIX drawdown since its inception was -50.56%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for MIEIX and SPY. For additional features, visit the drawdowns tool.
Volatility
MIEIX vs. SPY - Volatility Comparison
The current volatility for MFS International Equity Fund Class R6 (MIEIX) is 3.86%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.08%. This indicates that MIEIX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.