MIGNX vs. SPY
Compare and contrast key facts about MFS Massachusetts Investors Growth Stock Fund Class R6 (MIGNX) and SPDR S&P 500 ETF (SPY).
MIGNX is a passively managed fund by MFS that tracks the performance of the Russell 1000 Growth Index. It was launched on Jun 1, 2012. 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. Both MIGNX and SPY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MIGNX or SPY.
Correlation
The correlation between MIGNX and SPY is 0.94, 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
MIGNX vs. SPY - Performance Comparison
Key characteristics
MIGNX:
0.66
SPY:
1.98
MIGNX:
0.89
SPY:
2.64
MIGNX:
1.14
SPY:
1.36
MIGNX:
0.82
SPY:
3.03
MIGNX:
2.70
SPY:
12.63
MIGNX:
3.55%
SPY:
2.02%
MIGNX:
14.50%
SPY:
12.89%
MIGNX:
-32.47%
SPY:
-55.19%
MIGNX:
-7.58%
SPY:
-0.86%
Returns By Period
In the year-to-date period, MIGNX achieves a 3.41% return, which is significantly higher than SPY's 3.15% return. Over the past 10 years, MIGNX has underperformed SPY with an annualized return of 7.38%, while SPY has yielded a comparatively higher 13.73% annualized return.
MIGNX
3.41%
2.14%
0.53%
8.57%
6.22%
7.38%
SPY
3.15%
1.60%
12.25%
24.63%
14.82%
13.73%
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MIGNX vs. SPY - Expense Ratio Comparison
MIGNX has a 0.37% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
MIGNX vs. SPY — Risk-Adjusted Performance Rank
MIGNX
SPY
MIGNX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MFS Massachusetts Investors Growth Stock Fund Class R6 (MIGNX) 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
MIGNX vs. SPY - Dividend Comparison
MIGNX's dividend yield for the trailing twelve months is around 0.52%, less than SPY's 1.17% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MIGNX MFS Massachusetts Investors Growth Stock Fund Class R6 | 0.52% | 0.54% | 0.71% | 0.78% | 0.47% | 0.46% | 0.56% | 1.43% | 1.20% | 1.15% | 1.28% | 4.98% |
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
MIGNX vs. SPY - Drawdown Comparison
The maximum MIGNX drawdown since its inception was -32.47%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for MIGNX and SPY. For additional features, visit the drawdowns tool.
Volatility
MIGNX vs. SPY - Volatility Comparison
The current volatility for MFS Massachusetts Investors Growth Stock Fund Class R6 (MIGNX) is 3.91%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.20%. This indicates that MIGNX 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.