MSEJX vs. SPY
Compare and contrast key facts about MM Equity Asset Fund (MSEJX) and SPDR S&P 500 ETF (SPY).
MSEJX is managed by MassMutual. It was launched on Sep 15, 2016. 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: MSEJX or SPY.
Correlation
The correlation between MSEJX and SPY is 0.97, 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
MSEJX vs. SPY - Performance Comparison
Key characteristics
MSEJX:
-0.81
SPY:
1.75
MSEJX:
-0.74
SPY:
2.36
MSEJX:
0.73
SPY:
1.32
MSEJX:
-0.58
SPY:
2.66
MSEJX:
-1.99
SPY:
11.01
MSEJX:
16.47%
SPY:
2.03%
MSEJX:
40.67%
SPY:
12.77%
MSEJX:
-56.10%
SPY:
-55.19%
MSEJX:
-54.66%
SPY:
-2.12%
Returns By Period
In the year-to-date period, MSEJX achieves a -34.51% return, which is significantly lower than SPY's 2.36% return.
MSEJX
-34.51%
-0.00%
-41.40%
-34.38%
-8.93%
N/A
SPY
2.36%
-1.07%
7.41%
19.73%
14.21%
12.96%
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MSEJX vs. SPY - Expense Ratio Comparison
MSEJX has a 0.22% expense ratio, which is higher than SPY's 0.09% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
MSEJX vs. SPY — Risk-Adjusted Performance Rank
MSEJX
SPY
MSEJX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MM Equity Asset Fund (MSEJX) 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
MSEJX vs. SPY - Dividend Comparison
MSEJX's dividend yield for the trailing twelve months is around 2.10%, more than SPY's 1.18% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MSEJX MM Equity Asset Fund | 2.10% | 1.32% | 1.43% | 1.59% | 1.39% | 1.55% | 1.39% | 7.65% | 2.22% | 0.57% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.18% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
MSEJX vs. SPY - Drawdown Comparison
The maximum MSEJX drawdown since its inception was -56.10%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for MSEJX and SPY. For additional features, visit the drawdowns tool.
Volatility
MSEJX vs. SPY - Volatility Comparison
The current volatility for MM Equity Asset Fund (MSEJX) is 0.58%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.38%. This indicates that MSEJX 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.