MORN vs. SPYG
MORN (Morningstar, Inc.) is a stock, while SPYG (State Street SPDR Portfolio S&P 500 Growth ETF) is S&P 500 fund tracking the S&P 500 Growth Index. Over the past 10 years, MORN returned 10.01%/yr vs 17.52%/yr for SPYG. Their 0.50 correlation means they have sometimes moved together and sometimes differently.
Performance
MORN vs. SPYG - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MORN achieves a -7.70% return, which is significantly lower than SPYG's 12.43% return. Over the past 10 years, MORN has underperformed SPYG with an annualized return of 10.01%, while SPYG has yielded a comparatively higher 17.52% annualized return.
MORN
- 1D
- 3.30%
- 1M
- 20.24%
- 6M
- 0.92%
- YTD
- -7.70%
- 1Y
- -26.22%
- 3Y*
- -2.66%
- 5Y*
- -5.01%
- 10Y*
- 10.01%
- ALL TIME*
- 12.43%
SPYG
- 1D
- 2.15%
- 1M
- 2.10%
- 6M
- 11.46%
- YTD
- 12.43%
- 1Y
- 24.33%
- 3Y*
- 25.98%
- 5Y*
- 13.61%
- 10Y*
- 17.52%
- ALL TIME*
- 7.54%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $97.75M | $78.57M | $83.62M | |
| $323.67M | $273.71M | $308.17M |
MORN vs. SPYG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MORN Morningstar, Inc. | -7.70% | -35.05% | 18.29% | 33.10% | -36.31% | 48.23% | 54.54% | 38.93% | 14.34% | 33.38% |
SPYG State Street SPDR Portfolio S&P 500 Growth ETF | 12.43% | 22.09% | 35.99% | 30.02% | -29.41% | 32.01% | 33.46% | 30.84% | -0.12% | 27.24% |
Correlation
The correlation between MORN and SPYG is -0.07, 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. | -0.07 |
Correlation (3Y) Balances recent behavior with more history. | 0.24 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.46 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.46 |
Correlation (All Time) Calculated using the full available price history since May 3, 2005 | 0.50 |
The correlation between MORN and SPYG shifts across timeframes, from -0.07 (1 year) to 0.50 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
MORN vs. SPYG — Risk / Return Rank
MORN
SPYG
MORN vs. SPYG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Morningstar, Inc. (MORN) and State Street SPDR Portfolio S&P 500 Growth ETF (SPYG). 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.
| MORN | SPYG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.01 | ||
| Sortino ratioReturn per unit of downside risk | -2.70 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.24 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | -0.56 | 1.78 | -2.33 |
| Martin ratioReturn relative to average drawdown | -0.94 | 6.45 | -7.39 |
Loading charts...
Drawdowns
MORN vs. SPYG - Drawdown Comparison
The maximum MORN drawdown since its inception was -67.92%, roughly equal to the maximum SPYG drawdown of -67.63%. Use the drawdown chart below to compare losses from any high point for MORN and SPYG.
Loading charts...
Drawdown Indicators
| MORN | SPYG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.92% | -67.63% | -0.29% |
Max Drawdown (1Y)Largest decline over 1 year | -47.16% | -13.76% | -33.40% |
Max Drawdown (3Y)Largest decline over 3 years | -60.00% | -22.14% | -37.86% |
Max Drawdown (5Y)Largest decline over 5 years | -60.00% | -32.67% | -27.33% |
Max Drawdown (10Y)Largest decline over 10 years | -60.00% | -32.67% | -27.33% |
Current DrawdownCurrent decline from peak | -43.73% | -2.28% | -41.45% |
Average DrawdownAverage peak-to-trough decline | -18.57% | -24.20% | +5.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.35% | 3.78% | +24.57% |
Volatility
MORN vs. SPYG - Volatility Comparison
Morningstar, Inc. (MORN) has a higher volatility of 12.79% compared to State Street SPDR Portfolio S&P 500 Growth ETF (SPYG) at 6.35%. This indicates that MORN's price experiences larger fluctuations and is considered to be riskier than SPYG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| MORN | SPYG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.79% | 6.35% | +6.44% |
Volatility (6M)Calculated over the trailing 6-month period | 35.82% | 14.96% | +20.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.56% | 18.23% | +21.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.90% | 21.53% | +10.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.44% | 20.81% | +7.63% |
Dividends
MORN vs. SPYG - Dividend Comparison
MORN's dividend yield for the trailing twelve months is around 0.98%, more than SPYG's 0.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MORN Morningstar, Inc. | 0.98% | 0.84% | 0.48% | 0.52% | 0.66% | 0.28% | 0.65% | 0.74% | 0.91% | 0.95% | 1.20% | 0.95% |
SPYG State Street SPDR Portfolio S&P 500 Growth ETF | 0.48% | 0.52% | 0.60% | 1.15% | 1.03% | 0.62% | 0.90% | 1.37% | 1.51% | 1.41% | 1.55% | 1.57% |
Frequently Asked Questions
MORN and SPYG have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MORN has higher volatility (12.79%) compared to SPYG (6.35%). In terms of maximum drawdown, MORN dropped -67.92% vs SPYG's -67.63%.
SPYG currently has the higher Sharpe Ratio (1.34 vs -0.67), 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.
Find the right allocation for MORN and SPYG
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer