MSEX vs. SPY
Compare and contrast key facts about Middlesex Water Company (MSEX) 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: MSEX or SPY.
Correlation
The correlation between MSEX and SPY is 0.31, 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
MSEX vs. SPY - Performance Comparison
Key characteristics
MSEX:
0.97
SPY:
-0.09
MSEX:
1.69
SPY:
-0.02
MSEX:
1.20
SPY:
1.00
MSEX:
0.57
SPY:
-0.09
MSEX:
2.61
SPY:
-0.45
MSEX:
13.16%
SPY:
3.31%
MSEX:
35.50%
SPY:
15.87%
MSEX:
-60.51%
SPY:
-55.19%
MSEX:
-43.81%
SPY:
-17.32%
Returns By Period
In the year-to-date period, MSEX achieves a 21.97% return, which is significantly higher than SPY's -13.53% return. Over the past 10 years, MSEX has outperformed SPY with an annualized return of 13.15%, while SPY has yielded a comparatively lower 11.17% annualized return.
MSEX
21.97%
-0.75%
1.82%
35.17%
3.52%
13.15%
SPY
-13.53%
-12.00%
-11.25%
-1.30%
15.50%
11.17%
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Risk-Adjusted Performance
MSEX vs. SPY — Risk-Adjusted Performance Rank
MSEX
SPY
MSEX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Middlesex Water Company (MSEX) 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
MSEX vs. SPY - Dividend Comparison
MSEX's dividend yield for the trailing twelve months is around 2.09%, more than SPY's 1.42% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MSEX Middlesex Water Company | 2.09% | 2.50% | 1.92% | 1.50% | 0.92% | 1.44% | 1.54% | 1.71% | 2.15% | 1.88% | 2.92% | 3.31% |
SPY SPDR S&P 500 ETF | 1.42% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
MSEX vs. SPY - Drawdown Comparison
The maximum MSEX drawdown since its inception was -60.51%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for MSEX and SPY. For additional features, visit the drawdowns tool.
Volatility
MSEX vs. SPY - Volatility Comparison
Middlesex Water Company (MSEX) has a higher volatility of 10.49% compared to SPDR S&P 500 ETF (SPY) at 9.29%. This indicates that MSEX'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.