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 0.96, 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. SPY - Performance Comparison
Key characteristics
MITTX:
-0.31
SPY:
0.54
MITTX:
-0.24
SPY:
0.90
MITTX:
0.96
SPY:
1.13
MITTX:
-0.21
SPY:
0.57
MITTX:
-0.59
SPY:
2.24
MITTX:
10.02%
SPY:
4.82%
MITTX:
20.56%
SPY:
20.02%
MITTX:
-48.88%
SPY:
-55.19%
MITTX:
-19.83%
SPY:
-7.53%
Returns By Period
In the year-to-date period, MITTX achieves a -2.06% return, which is significantly higher than SPY's -3.30% return. Over the past 10 years, MITTX has underperformed SPY with an annualized return of 3.41%, while SPY has yielded a comparatively higher 12.33% annualized return.
MITTX
-2.06%
11.78%
-15.17%
-6.34%
6.00%
3.41%
SPY
-3.30%
13.81%
-4.52%
10.65%
15.81%
12.33%
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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.
Risk-Adjusted Performance
MITTX vs. SPY — Risk-Adjusted Performance Rank
MITTX
SPY
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 14.77%, more than SPY's 1.27% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MITTX MFS Massachusetts Investors Trust | 14.77% | 14.47% | 10.96% | 9.35% | 8.66% | 11.94% | 7.58% | 13.82% | 7.27% | 6.14% | 6.30% | 7.54% |
SPY SPDR S&P 500 ETF | 1.27% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
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 9.63%, while SPDR S&P 500 ETF (SPY) has a volatility of 12.36%. 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.