MPAY vs. SPY
Compare and contrast key facts about Akros Monthly Payout ETF (MPAY) and SPDR S&P 500 ETF (SPY).
MPAY and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MPAY is a passively managed fund by Akros that tracks the performance of the Akros Multi-Asset Index - Benchmark TR Net. It was launched on May 5, 2022. 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. Both MPAY and SPY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MPAY or SPY.
Correlation
The correlation between MPAY and SPY is 0.75, 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
MPAY vs. SPY - Performance Comparison
Key characteristics
MPAY:
0.60
SPY:
0.60
MPAY:
0.93
SPY:
0.98
MPAY:
1.14
SPY:
1.15
MPAY:
0.71
SPY:
0.64
MPAY:
2.80
SPY:
2.53
MPAY:
3.59%
SPY:
4.77%
MPAY:
16.94%
SPY:
20.03%
MPAY:
-14.16%
SPY:
-55.19%
MPAY:
-7.65%
SPY:
-8.56%
Returns By Period
In the year-to-date period, MPAY achieves a -3.69% return, which is significantly higher than SPY's -4.37% return.
MPAY
-3.69%
5.88%
-2.68%
9.03%
N/A
N/A
SPY
-4.37%
10.59%
-2.49%
9.55%
15.94%
12.15%
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MPAY vs. SPY - Expense Ratio Comparison
MPAY has a 0.59% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
MPAY vs. SPY — Risk-Adjusted Performance Rank
MPAY
SPY
MPAY vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Akros Monthly Payout ETF (MPAY) 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
MPAY vs. SPY - Dividend Comparison
MPAY's dividend yield for the trailing twelve months is around 6.75%, more than SPY's 1.28% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MPAY Akros Monthly Payout ETF | 6.75% | 6.70% | 7.34% | 4.20% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.28% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
MPAY vs. SPY - Drawdown Comparison
The maximum MPAY drawdown since its inception was -14.16%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for MPAY and SPY. For additional features, visit the drawdowns tool.
Volatility
MPAY vs. SPY - Volatility Comparison
The current volatility for Akros Monthly Payout ETF (MPAY) is 8.00%, while SPDR S&P 500 ETF (SPY) has a volatility of 12.57%. This indicates that MPAY 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.