MRC.L vs. SPXU
Compare and contrast key facts about The Mercantile Investment Trust plc (MRC.L) and ProShares UltraPro Short S&P500 (SPXU).
SPXU is a passively managed fund by ProShares that tracks the performance of the S&P 500 Index (-300%). It was launched on Jun 25, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MRC.L or SPXU.
Key characteristics
| MRC.L | SPXU | |
|---|---|---|
| YTD Return | 12.99% | -35.93% |
| 1Y Return | 29.23% | -47.50% |
| 3Y Return (Ann) | -1.02% | -28.84% |
| 5Y Return (Ann) | 6.41% | -46.09% |
| 10Y Return (Ann) | 17.05% | -39.14% |
| Sharpe Ratio | 1.46 | -1.25 |
| Daily Std Dev | 18.77% | 37.56% |
| Max Drawdown | -61.49% | -99.98% |
| Current Drawdown | -7.37% | -99.98% |
Correlation
The correlation between MRC.L and SPXU is -0.42. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
MRC.L vs. SPXU - Performance Comparison
In the year-to-date period, MRC.L achieves a 12.99% return, which is significantly higher than SPXU's -35.93% return. Over the past 10 years, MRC.L has outperformed SPXU with an annualized return of 17.05%, while SPXU has yielded a comparatively lower -39.14% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
MRC.L vs. SPXU - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for The Mercantile Investment Trust plc (MRC.L) and ProShares UltraPro Short S&P500 (SPXU). 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
MRC.L vs. SPXU - Dividend Comparison
MRC.L's dividend yield for the trailing twelve months is around 3.14%, less than SPXU's 11.30% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MRC.L The Mercantile Investment Trust plc | 3.14% | 3.36% | 3.59% | 2.50% | 2.67% | 2.52% | 20.80% | 21.45% | 25.53% | 16.44% | 0.03% | 7.75% |
SPXU ProShares UltraPro Short S&P500 | 8.02% | 7.06% | 0.39% | 0.00% | 0.71% | 2.14% | 1.40% | 0.11% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
MRC.L vs. SPXU - Drawdown Comparison
The maximum MRC.L drawdown since its inception was -61.49%, smaller than the maximum SPXU drawdown of -99.98%. Use the drawdown chart below to compare losses from any high point for MRC.L and SPXU. For additional features, visit the drawdowns tool.
Volatility
MRC.L vs. SPXU - Volatility Comparison
The current volatility for The Mercantile Investment Trust plc (MRC.L) is 4.25%, while ProShares UltraPro Short S&P500 (SPXU) has a volatility of 11.28%. This indicates that MRC.L experiences smaller price fluctuations and is considered to be less risky than SPXU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.