MRCH.L vs. SPY
Compare and contrast key facts about Merchants Trust plc (MRCH.L) and SPDR S&P 500 ETF (SPY).
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: MRCH.L or SPY.
Key characteristics
| MRCH.L | SPY | |
|---|---|---|
| YTD Return | 5.85% | 27.04% |
| 1Y Return | 15.59% | 39.75% |
| 3Y Return (Ann) | 6.42% | 10.21% |
| 5Y Return (Ann) | 8.11% | 15.93% |
| 10Y Return (Ann) | 7.05% | 13.36% |
| Sharpe Ratio | 1.24 | 3.15 |
| Sortino Ratio | 1.78 | 4.19 |
| Omega Ratio | 1.22 | 1.59 |
| Calmar Ratio | 1.40 | 4.60 |
| Martin Ratio | 5.26 | 20.85 |
| Ulcer Index | 3.18% | 1.85% |
| Daily Std Dev | 13.56% | 12.29% |
| Max Drawdown | -55.29% | -55.19% |
| Current Drawdown | -5.30% | 0.00% |
Correlation
The correlation between MRCH.L and SPY is 0.30, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
MRCH.L vs. SPY - Performance Comparison
In the year-to-date period, MRCH.L achieves a 5.85% return, which is significantly lower than SPY's 27.04% return. Over the past 10 years, MRCH.L has underperformed SPY with an annualized return of 7.05%, while SPY has yielded a comparatively higher 13.36% 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
MRCH.L vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Merchants Trust plc (MRCH.L) 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
MRCH.L vs. SPY - Dividend Comparison
MRCH.L's dividend yield for the trailing twelve months is around 5.12%, more than SPY's 1.17% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MRCH.L Merchants Trust plc | 5.12% | 5.04% | 4.88% | 4.87% | 6.09% | 4.77% | 5.53% | 3.69% | 5.30% | 5.55% | 2.53% | 4.57% |
SPY SPDR S&P 500 ETF | 1.17% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
MRCH.L vs. SPY - Drawdown Comparison
The maximum MRCH.L drawdown since its inception was -55.29%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for MRCH.L and SPY. For additional features, visit the drawdowns tool.
Volatility
MRCH.L vs. SPY - Volatility Comparison
Merchants Trust plc (MRCH.L) has a higher volatility of 5.03% compared to SPDR S&P 500 ETF (SPY) at 3.95%. This indicates that MRCH.L'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.