MITTX vs. ^GSPC
Compare and contrast key facts about MFS Massachusetts Investors Trust (MITTX) and S&P 500 (^GSPC).
MITTX is managed by MFS. It was launched on Jul 15, 1924.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MITTX or ^GSPC.
Key characteristics
| MITTX | ^GSPC | |
|---|---|---|
| YTD Return | 23.14% | 25.82% |
| 1Y Return | 33.02% | 35.92% |
| 3Y Return (Ann) | 7.28% | 8.67% |
| 5Y Return (Ann) | 15.22% | 14.22% |
| 10Y Return (Ann) | 12.95% | 11.43% |
| Sharpe Ratio | 3.00 | 3.08 |
| Sortino Ratio | 4.03 | 4.10 |
| Omega Ratio | 1.57 | 1.58 |
| Calmar Ratio | 4.27 | 4.48 |
| Martin Ratio | 18.57 | 20.05 |
| Ulcer Index | 1.88% | 1.90% |
| Daily Std Dev | 11.58% | 12.28% |
| Max Drawdown | -48.88% | -56.78% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between MITTX and ^GSPC is 0.96, 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
MITTX vs. ^GSPC - Performance Comparison
In the year-to-date period, MITTX achieves a 23.14% return, which is significantly lower than ^GSPC's 25.82% return. Over the past 10 years, MITTX has outperformed ^GSPC with an annualized return of 12.95%, while ^GSPC has yielded a comparatively lower 11.43% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
MITTX vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MFS Massachusetts Investors Trust (MITTX) and S&P 500 (^GSPC). 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.
Drawdowns
MITTX vs. ^GSPC - Drawdown Comparison
The maximum MITTX drawdown since its inception was -48.88%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for MITTX and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
MITTX vs. ^GSPC - Volatility Comparison
The current volatility for MFS Massachusetts Investors Trust (MITTX) is 3.28%, while S&P 500 (^GSPC) has a volatility of 3.89%. This indicates that MITTX experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.