MIGFX vs. SPY
Compare and contrast key facts about MFS Massachusetts Investors Growth Stock Fund (MIGFX) and SPDR S&P 500 ETF (SPY).
MIGFX is managed by MFS. It was launched on Jan 1, 1935. 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: MIGFX or SPY.
Correlation
The correlation between MIGFX and SPY is 0.90, 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.
Performance
MIGFX vs. SPY - Performance Comparison
Key characteristics
MIGFX:
0.20
SPY:
1.46
MIGFX:
0.34
SPY:
1.99
MIGFX:
1.05
SPY:
1.27
MIGFX:
0.24
SPY:
2.23
MIGFX:
0.65
SPY:
9.00
MIGFX:
4.56%
SPY:
2.08%
MIGFX:
14.50%
SPY:
12.83%
MIGFX:
-61.53%
SPY:
-55.19%
MIGFX:
-10.06%
SPY:
-3.06%
Returns By Period
In the year-to-date period, MIGFX achieves a 1.04% return, which is significantly lower than SPY's 1.38% return. Over the past 10 years, MIGFX has underperformed SPY with an annualized return of 5.85%, while SPY has yielded a comparatively higher 12.93% annualized return.
MIGFX
1.04%
-1.37%
-5.19%
2.09%
6.85%
5.85%
SPY
1.38%
-1.27%
6.09%
17.34%
16.45%
12.93%
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MIGFX vs. SPY - Expense Ratio Comparison
MIGFX has a 0.70% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
MIGFX vs. SPY — Risk-Adjusted Performance Rank
MIGFX
SPY
MIGFX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MFS Massachusetts Investors Growth Stock Fund (MIGFX) 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
MIGFX vs. SPY - Dividend Comparison
MIGFX's dividend yield for the trailing twelve months is around 0.24%, less than SPY's 1.19% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MIGFX MFS Massachusetts Investors Growth Stock Fund | 0.24% | 0.24% | 0.41% | 0.44% | 0.18% | 0.15% | 0.27% | 1.08% | 0.89% | 0.80% | 0.92% | 4.42% |
SPY SPDR S&P 500 ETF | 1.19% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
MIGFX vs. SPY - Drawdown Comparison
The maximum MIGFX drawdown since its inception was -61.53%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for MIGFX and SPY. For additional features, visit the drawdowns tool.
Volatility
MIGFX vs. SPY - Volatility Comparison
The current volatility for MFS Massachusetts Investors Growth Stock Fund (MIGFX) is 3.18%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.69%. This indicates that MIGFX 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.