MITTX vs. ELFNX
Compare and contrast key facts about MFS Massachusetts Investors Trust (MITTX) and Elfun Trusts (ELFNX).
MITTX is managed by MFS. It was launched on Jul 15, 1924. ELFNX is managed by State Street Global Advisors. It was launched on May 27, 1935.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MITTX or ELFNX.
Key characteristics
| MITTX | ELFNX | |
|---|---|---|
| YTD Return | 16.30% | 22.31% |
| 1Y Return | 25.10% | 34.55% |
| 3Y Return (Ann) | 6.82% | 11.54% |
| 5Y Return (Ann) | 14.24% | 17.91% |
| 10Y Return (Ann) | 12.40% | 14.19% |
| Sharpe Ratio | 2.05 | 2.36 |
| Daily Std Dev | 12.16% | 14.47% |
| Max Drawdown | -48.88% | -50.28% |
| Current Drawdown | -1.74% | -1.29% |
Correlation
The correlation between MITTX and ELFNX is 0.92, 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. ELFNX - Performance Comparison
In the year-to-date period, MITTX achieves a 16.30% return, which is significantly lower than ELFNX's 22.31% return. Over the past 10 years, MITTX has underperformed ELFNX with an annualized return of 12.40%, while ELFNX has yielded a comparatively higher 14.19% 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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MITTX vs. ELFNX - Expense Ratio Comparison
MITTX has a 0.70% expense ratio, which is higher than ELFNX's 0.18% expense ratio.
Risk-Adjusted Performance
MITTX vs. ELFNX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MFS Massachusetts Investors Trust (MITTX) and Elfun Trusts (ELFNX). 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
MITTX vs. ELFNX - Dividend Comparison
MITTX's dividend yield for the trailing twelve months is around 9.75%, more than ELFNX's 2.37% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MITTX MFS Massachusetts Investors Trust | 9.75% | 10.96% | 9.35% | 8.66% | 11.94% | 7.58% | 13.82% | 7.27% | 6.14% | 6.30% | 7.54% | 2.70% |
ELFNX Elfun Trusts | 2.37% | 2.90% | 9.01% | 11.62% | 8.60% | 9.39% | 16.18% | 10.80% | 8.85% | 8.22% | 9.42% | 6.02% |
Drawdowns
MITTX vs. ELFNX - Drawdown Comparison
The maximum MITTX drawdown since its inception was -48.88%, roughly equal to the maximum ELFNX drawdown of -50.28%. Use the drawdown chart below to compare losses from any high point for MITTX and ELFNX. For additional features, visit the drawdowns tool.
Volatility
MITTX vs. ELFNX - Volatility Comparison
The current volatility for MFS Massachusetts Investors Trust (MITTX) is 3.71%, while Elfun Trusts (ELFNX) has a volatility of 4.35%. This indicates that MITTX experiences smaller price fluctuations and is considered to be less risky than ELFNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.