MRGAX vs. FXAIX
Compare and contrast key facts about MFS Core Equity Fund (MRGAX) and Fidelity 500 Index Fund (FXAIX).
MRGAX is managed by MFS. It was launched on Jan 2, 1996. FXAIX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MRGAX or FXAIX.
Key characteristics
| MRGAX | FXAIX | |
|---|---|---|
| YTD Return | 23.37% | 26.92% |
| 1Y Return | 34.67% | 37.57% |
| 3Y Return (Ann) | 8.16% | 10.24% |
| 5Y Return (Ann) | 14.49% | 15.96% |
| 10Y Return (Ann) | 13.10% | 13.30% |
| Sharpe Ratio | 2.85 | 3.05 |
| Sortino Ratio | 3.87 | 4.06 |
| Omega Ratio | 1.53 | 1.57 |
| Calmar Ratio | 4.49 | 4.44 |
| Martin Ratio | 18.73 | 20.09 |
| Ulcer Index | 1.84% | 1.86% |
| Daily Std Dev | 12.10% | 12.28% |
| Max Drawdown | -53.66% | -33.79% |
| Current Drawdown | -0.23% | -0.28% |
Correlation
The correlation between MRGAX and FXAIX is 0.98, 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
MRGAX vs. FXAIX - Performance Comparison
In the year-to-date period, MRGAX achieves a 23.37% return, which is significantly lower than FXAIX's 26.92% return. Both investments have delivered pretty close results over the past 10 years, with MRGAX having a 13.10% annualized return and FXAIX not far ahead at 13.30%. 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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MRGAX vs. FXAIX - Expense Ratio Comparison
MRGAX has a 0.93% expense ratio, which is higher than FXAIX's 0.02% expense ratio.
Risk-Adjusted Performance
MRGAX vs. FXAIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MFS Core Equity Fund (MRGAX) and Fidelity 500 Index Fund (FXAIX). 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
MRGAX vs. FXAIX - Dividend Comparison
MRGAX's dividend yield for the trailing twelve months is around 0.52%, less than FXAIX's 1.21% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MRGAX MFS Core Equity Fund | 0.52% | 0.65% | 0.39% | 0.16% | 0.37% | 0.43% | 0.60% | 0.54% | 0.60% | 11.57% | 8.70% | 0.63% |
FXAIX Fidelity 500 Index Fund | 1.21% | 1.45% | 1.69% | 1.22% | 1.60% | 1.95% | 2.07% | 1.81% | 2.01% | 2.56% | 2.63% | 1.84% |
Drawdowns
MRGAX vs. FXAIX - Drawdown Comparison
The maximum MRGAX drawdown since its inception was -53.66%, which is greater than FXAIX's maximum drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for MRGAX and FXAIX. For additional features, visit the drawdowns tool.
Volatility
MRGAX vs. FXAIX - Volatility Comparison
MFS Core Equity Fund (MRGAX) and Fidelity 500 Index Fund (FXAIX) have volatilities of 3.73% and 3.85%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.