MIH.F vs. SPY
Compare and contrast key facts about Mitsubishi Heavy Industries, Ltd. (MIH.F) 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: MIH.F or SPY.
Correlation
The correlation between MIH.F and SPY is 0.08, 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
MIH.F vs. SPY - Performance Comparison
Key characteristics
MIH.F:
1.72
SPY:
1.97
MIH.F:
2.30
SPY:
2.64
MIH.F:
1.28
SPY:
1.36
MIH.F:
3.39
SPY:
2.97
MIH.F:
11.38
SPY:
12.34
MIH.F:
8.04%
SPY:
2.03%
MIH.F:
53.18%
SPY:
12.68%
MIH.F:
-82.01%
SPY:
-55.19%
MIH.F:
-13.47%
SPY:
-0.01%
Returns By Period
In the year-to-date period, MIH.F achieves a -6.05% return, which is significantly lower than SPY's 4.03% return. Both investments have delivered pretty close results over the past 10 years, with MIH.F having a 12.78% annualized return and SPY not far ahead at 13.24%.
MIH.F
-6.05%
0.79%
12.01%
91.49%
31.82%
12.78%
SPY
4.03%
2.03%
10.70%
23.63%
14.37%
13.24%
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Risk-Adjusted Performance
MIH.F vs. SPY — Risk-Adjusted Performance Rank
MIH.F
SPY
MIH.F vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Mitsubishi Heavy Industries, Ltd. (MIH.F) 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
MIH.F vs. SPY - Dividend Comparison
MIH.F's dividend yield for the trailing twelve months is around 0.01%, less than SPY's 1.16% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MIH.F Mitsubishi Heavy Industries, Ltd. | 0.01% | 0.01% | 0.01% | 0.01% | 0.03% | 0.02% | 0.02% | 0.02% | 0.02% | 0.01% | 0.01% | 0.01% |
SPY SPDR S&P 500 ETF | 1.16% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
MIH.F vs. SPY - Drawdown Comparison
The maximum MIH.F drawdown since its inception was -82.01%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for MIH.F and SPY. For additional features, visit the drawdowns tool.
Volatility
MIH.F vs. SPY - Volatility Comparison
Mitsubishi Heavy Industries, Ltd. (MIH.F) has a higher volatility of 15.72% compared to SPDR S&P 500 ETF (SPY) at 3.13%. This indicates that MIH.F'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.