MMS vs. SPY
MMS (Maximus, Inc.) is a stock, while SPY (State Street SPDR S&P 500 ETF) is S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, MMS returned 1.68%/yr vs 15.07%/yr for SPY. Their 0.45 correlation means their historical movements had little consistent relationship.
Performance
MMS vs. SPY - Performance Comparison
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Returns By Period
In the year-to-date period, MMS achieves a -29.50% return, which is significantly lower than SPY's 10.13% return. Over the past 10 years, MMS has underperformed SPY with an annualized return of 1.68%, while SPY has yielded a comparatively higher 15.07% annualized return.
MMS
- 1D
- -0.64%
- 1M
- 8.07%
- 6M
- -35.56%
- YTD
- -29.50%
- 1Y
- -15.92%
- 3Y*
- -8.93%
- 5Y*
- -6.05%
- 10Y*
- 1.68%
- ALL TIME*
- 9.90%
SPY
- 1D
- 0.72%
- 1M
- 0.30%
- 6M
- 8.53%
- YTD
- 10.13%
- 1Y
- 21.49%
- 3Y*
- 19.32%
- 5Y*
- 12.76%
- 10Y*
- 15.07%
- ALL TIME*
- 10.79%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $34.90M | $35.50M | $44.30M | |
| $37.27B | $35.99B | $39.23B |
MMS vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MMS Maximus, Inc. | -29.50% | 17.47% | -9.70% | 16.01% | -6.39% | 10.31% | -0.07% | 15.90% | -8.53% | 28.68% |
SPY State Street SPDR S&P 500 ETF | 10.13% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Correlation
The correlation between MMS and SPY is 0.09, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.09 |
Correlation (3Y) Balances recent behavior with more history. | 0.31 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.41 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.48 |
Correlation (All Time) Calculated using the full available price history since Jun 13, 1997 | 0.45 |
Over the past year, the correlation between MMS and SPY has dropped to 0.09 - well below their long-term average of 0.45, suggesting their price drivers have been diverging.
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Return for Risk
MMS vs. SPY — Risk / Return Rank
MMS
SPY
MMS vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Maximus, Inc. (MMS) and State Street 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MMS | SPY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.03 | ||
| Sortino ratioReturn per unit of downside risk | -2.62 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.27 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | -0.38 | 2.20 | -2.58 |
| Martin ratioReturn relative to average drawdown | -0.70 | 9.40 | -10.10 |
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Drawdowns
MMS vs. SPY - Drawdown Comparison
The maximum MMS drawdown since its inception was -61.45%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for MMS and SPY.
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Drawdown Indicators
| MMS | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.45% | -55.19% | -6.26% |
Max Drawdown (1Y)Largest decline over 1 year | -45.11% | -8.88% | -36.23% |
Max Drawdown (3Y)Largest decline over 3 years | -45.11% | -18.76% | -26.35% |
Max Drawdown (5Y)Largest decline over 5 years | -45.11% | -24.50% | -20.61% |
Max Drawdown (10Y)Largest decline over 10 years | -45.11% | -33.72% | -11.39% |
Current DrawdownCurrent decline from peak | -38.49% | -1.40% | -37.09% |
Average DrawdownAverage peak-to-trough decline | -17.02% | -9.01% | -8.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.40% | 2.08% | +22.32% |
Volatility
MMS vs. SPY - Volatility Comparison
Maximus, Inc. (MMS) has a higher volatility of 9.23% compared to State Street SPDR S&P 500 ETF (SPY) at 3.58%. This indicates that MMS'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.
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Volatility by Period
| MMS | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.23% | 3.58% | +5.65% |
Volatility (6M)Calculated over the trailing 6-month period | 28.90% | 10.14% | +18.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.34% | 12.89% | +20.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.07% | 17.18% | +10.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.59% | 17.95% | +9.64% |
Dividends
MMS vs. SPY - Dividend Comparison
MMS's dividend yield for the trailing twelve months is around 2.09%, more than SPY's 1.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MMS Maximus, Inc. | 2.09% | 1.39% | 1.61% | 1.36% | 1.53% | 1.41% | 1.53% | 1.38% | 0.59% | 0.25% | 0.32% | 0.32% |
SPY State Street SPDR S&P 500 ETF | 1.01% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Frequently Asked Questions
MMS and SPY have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MMS has higher volatility (9.23%) compared to SPY (3.58%). In terms of maximum drawdown, MMS dropped -61.45% vs SPY's -55.19%.
SPY currently has the higher Sharpe Ratio (1.52 vs -0.52), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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