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.
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
Key characteristics
MITTX:
-0.43
^GSPC:
0.24
MITTX:
-0.43
^GSPC:
0.47
MITTX:
0.92
^GSPC:
1.07
MITTX:
-0.31
^GSPC:
0.24
MITTX:
-0.98
^GSPC:
1.08
MITTX:
8.99%
^GSPC:
4.25%
MITTX:
20.33%
^GSPC:
19.00%
MITTX:
-48.88%
^GSPC:
-56.78%
MITTX:
-24.50%
^GSPC:
-14.02%
Returns By Period
In the year-to-date period, MITTX achieves a -7.78% return, which is significantly higher than ^GSPC's -10.18% return. Over the past 10 years, MITTX has underperformed ^GSPC with an annualized return of 2.86%, while ^GSPC has yielded a comparatively higher 9.70% annualized return.
MITTX
-7.78%
-6.37%
-18.79%
-8.07%
5.16%
2.86%
^GSPC
-10.18%
-6.92%
-9.92%
5.42%
12.98%
9.70%
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Risk-Adjusted Performance
MITTX vs. ^GSPC — Risk-Adjusted Performance Rank
MITTX
^GSPC
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 11.77%, while S&P 500 (^GSPC) has a volatility of 13.60%. 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.