MITTX vs. SPY
Compare and contrast key facts about MFS Massachusetts Investors Trust (MITTX) and SPDR S&P 500 ETF (SPY).
MITTX is managed by MFS. It was launched on Jul 15, 1924. 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: MITTX or SPY.
Correlation
The correlation between MITTX and SPY is 0.95, 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. SPY - Performance Comparison
Key characteristics
MITTX:
0.46
SPY:
2.21
MITTX:
0.62
SPY:
2.93
MITTX:
1.13
SPY:
1.41
MITTX:
0.50
SPY:
3.26
MITTX:
3.09
SPY:
14.40
MITTX:
2.49%
SPY:
1.90%
MITTX:
16.73%
SPY:
12.44%
MITTX:
-48.88%
SPY:
-55.19%
MITTX:
-14.12%
SPY:
-1.83%
Returns By Period
In the year-to-date period, MITTX achieves a 7.02% return, which is significantly lower than SPY's 26.72% return. Over the past 10 years, MITTX has underperformed SPY with an annualized return of 10.82%, while SPY has yielded a comparatively higher 13.04% annualized return.
MITTX
7.02%
-12.50%
-6.52%
7.40%
10.92%
10.82%
SPY
26.72%
0.20%
10.28%
27.17%
14.87%
13.04%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
MITTX vs. SPY - Expense Ratio Comparison
MITTX has a 0.70% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
MITTX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MFS Massachusetts Investors Trust (MITTX) 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
MITTX vs. SPY - Dividend Comparison
MITTX's dividend yield for the trailing twelve months is around 0.16%, less than SPY's 1.19% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MITTX MFS Massachusetts Investors Trust | 0.16% | 0.88% | 1.00% | 0.65% | 8.31% | 0.65% | 1.10% | 0.95% | 0.94% | 1.61% | 7.54% | 2.70% |
SPY SPDR S&P 500 ETF | 1.19% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
MITTX vs. SPY - Drawdown Comparison
The maximum MITTX drawdown since its inception was -48.88%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for MITTX and SPY. For additional features, visit the drawdowns tool.
Volatility
MITTX vs. SPY - Volatility Comparison
MFS Massachusetts Investors Trust (MITTX) has a higher volatility of 12.97% compared to SPDR S&P 500 ETF (SPY) at 3.83%. This indicates that MITTX'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.