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.
Performance
MITTX vs. SPY - Performance Comparison
Returns By Period
In the year-to-date period, MITTX achieves a 21.99% return, which is significantly lower than SPY's 26.08% return. Both investments have delivered pretty close results over the past 10 years, with MITTX having a 12.61% annualized return and SPY not far ahead at 13.10%.
MITTX
21.99%
1.67%
9.08%
27.77%
14.84%
12.61%
SPY
26.08%
1.77%
13.59%
32.24%
15.62%
13.10%
Key characteristics
| MITTX | SPY | |
|---|---|---|
| Sharpe Ratio | 2.45 | 2.70 |
| Sortino Ratio | 3.32 | 3.60 |
| Omega Ratio | 1.46 | 1.50 |
| Calmar Ratio | 3.47 | 3.90 |
| Martin Ratio | 14.99 | 17.52 |
| Ulcer Index | 1.89% | 1.87% |
| Daily Std Dev | 11.53% | 12.14% |
| Max Drawdown | -48.88% | -55.19% |
| Current Drawdown | -0.93% | -0.85% |
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MITTX vs. SPY - Expense Ratio Comparison
MITTX has a 0.70% expense ratio, which is higher than SPY's 0.09% expense ratio.
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.
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 0.69%, less than SPY's 1.18% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MITTX MFS Massachusetts Investors Trust | 0.69% | 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 | 1.18% | 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
The current volatility for MFS Massachusetts Investors Trust (MITTX) is 3.36%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.98%. This indicates that MITTX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.