Correlation
The correlation between MIEYX and XYLD is 0.81, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
MIEYX vs. XYLD
Compare and contrast key facts about MM S&P 500 Index Fund (MIEYX) and Global X S&P 500 Covered Call ETF (XYLD).
MIEYX is managed by MassMutual. It was launched on Feb 27, 1998. XYLD is a passively managed fund by Global X that tracks the performance of the CBOE S&P 500 2% OTM BuyWrite Index. It was launched on Jun 24, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MIEYX or XYLD.
Performance
MIEYX vs. XYLD - Performance Comparison
Loading data...
Key characteristics
MIEYX:
0.71
XYLD:
0.59
MIEYX:
1.01
XYLD:
0.88
MIEYX:
1.15
XYLD:
1.16
MIEYX:
0.66
XYLD:
0.53
MIEYX:
2.49
XYLD:
2.01
MIEYX:
4.97%
XYLD:
4.10%
MIEYX:
19.78%
XYLD:
15.37%
MIEYX:
-55.79%
XYLD:
-33.46%
MIEYX:
-3.55%
XYLD:
-7.30%
Returns By Period
In the year-to-date period, MIEYX achieves a 0.86% return, which is significantly higher than XYLD's -4.27% return. Over the past 10 years, MIEYX has outperformed XYLD with an annualized return of 12.29%, while XYLD has yielded a comparatively lower 6.42% annualized return.
MIEYX
0.86%
5.60%
-1.62%
12.90%
13.81%
15.33%
12.29%
XYLD
-4.27%
0.70%
-2.11%
8.33%
6.52%
9.28%
6.42%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
MIEYX vs. XYLD - Expense Ratio Comparison
MIEYX has a 0.46% expense ratio, which is lower than XYLD's 0.60% expense ratio.
Risk-Adjusted Performance
MIEYX vs. XYLD — Risk-Adjusted Performance Rank
MIEYX
XYLD
MIEYX vs. XYLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MM S&P 500 Index Fund (MIEYX) and Global X S&P 500 Covered Call ETF (XYLD). 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.
Loading data...
Dividends
MIEYX vs. XYLD - Dividend Comparison
MIEYX's dividend yield for the trailing twelve months is around 32.62%, more than XYLD's 13.34% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MIEYX MM S&P 500 Index Fund | 32.62% | 32.90% | 7.13% | 33.24% | 13.29% | 16.30% | 6.38% | 19.13% | 24.03% | 6.20% | 3.92% | 3.63% |
XYLD Global X S&P 500 Covered Call ETF | 13.34% | 11.54% | 10.51% | 13.43% | 9.07% | 7.93% | 5.76% | 7.12% | 5.18% | 3.23% | 4.65% | 4.15% |
Drawdowns
MIEYX vs. XYLD - Drawdown Comparison
The maximum MIEYX drawdown since its inception was -55.79%, which is greater than XYLD's maximum drawdown of -33.46%. Use the drawdown chart below to compare losses from any high point for MIEYX and XYLD.
Loading data...
Volatility
MIEYX vs. XYLD - Volatility Comparison
MM S&P 500 Index Fund (MIEYX) has a higher volatility of 4.83% compared to Global X S&P 500 Covered Call ETF (XYLD) at 1.90%. This indicates that MIEYX's price experiences larger fluctuations and is considered to be riskier than XYLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading data...