Correlation
The correlation between MITT and SPY is 0.38, 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.
MITT vs. SPY
Compare and contrast key facts about AG Mortgage Investment Trust, Inc. (MITT) 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: MITT or SPY.
Performance
MITT vs. SPY - Performance Comparison
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Key characteristics
MITT:
0.49
SPY:
0.70
MITT:
0.90
SPY:
1.02
MITT:
1.12
SPY:
1.15
MITT:
0.20
SPY:
0.68
MITT:
1.81
SPY:
2.57
MITT:
9.03%
SPY:
4.93%
MITT:
29.41%
SPY:
20.42%
MITT:
-91.49%
SPY:
-55.19%
MITT:
-77.63%
SPY:
-3.55%
Returns By Period
In the year-to-date period, MITT achieves a 7.53% return, which is significantly higher than SPY's 0.87% return. Over the past 10 years, MITT has underperformed SPY with an annualized return of -10.05%, while SPY has yielded a comparatively higher 12.73% annualized return.
MITT
7.53%
6.58%
7.69%
13.77%
7.48%
8.67%
-10.05%
SPY
0.87%
5.54%
-1.56%
13.18%
14.25%
15.81%
12.73%
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Risk-Adjusted Performance
MITT vs. SPY — Risk-Adjusted Performance Rank
MITT
SPY
MITT vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AG Mortgage Investment Trust, Inc. (MITT) 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.
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Dividends
MITT vs. SPY - Dividend Comparison
MITT's dividend yield for the trailing twelve months is around 11.06%, more than SPY's 1.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MITT AG Mortgage Investment Trust, Inc. | 11.06% | 11.28% | 11.34% | 15.25% | 7.90% | 1.02% | 12.32% | 12.40% | 10.52% | 11.10% | 17.72% | 12.92% |
SPY SPDR S&P 500 ETF | 1.22% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
MITT vs. SPY - Drawdown Comparison
The maximum MITT drawdown since its inception was -91.49%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for MITT and SPY.
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Volatility
MITT vs. SPY - Volatility Comparison
AG Mortgage Investment Trust, Inc. (MITT) has a higher volatility of 9.05% compared to SPDR S&P 500 ETF (SPY) at 4.86%. This indicates that MITT'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.
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