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.
Key characteristics
| MSEX | SPY | |
|---|---|---|
| YTD Return | 8.03% | 27.16% |
| 1Y Return | 15.50% | 37.73% |
| 3Y Return (Ann) | -11.55% | 10.28% |
| 5Y Return (Ann) | 4.39% | 15.97% |
| 10Y Return (Ann) | 14.51% | 13.38% |
| Sharpe Ratio | 0.38 | 3.25 |
| Sortino Ratio | 0.78 | 4.32 |
| Omega Ratio | 1.09 | 1.61 |
| Calmar Ratio | 0.21 | 4.74 |
| Martin Ratio | 0.65 | 21.51 |
| Ulcer Index | 19.21% | 1.85% |
| Daily Std Dev | 33.22% | 12.20% |
| Max Drawdown | -60.51% | -55.19% |
| Current Drawdown | -39.30% | 0.00% |
Correlation
The correlation between MSEX and SPY is 0.32, 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
In the year-to-date period, MSEX achieves a 8.03% return, which is significantly lower than SPY's 27.16% return. Over the past 10 years, MSEX has outperformed SPY with an annualized return of 14.51%, while SPY has yielded a comparatively lower 13.38% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Risk-Adjusted Performance
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 1.87%, more than SPY's 1.17% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MSEX Middlesex Water Company | 1.87% | 1.92% | 1.50% | 0.92% | 1.44% | 1.54% | 1.71% | 2.15% | 1.88% | 2.92% | 3.31% | 3.59% |
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
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 10.33% compared to SPDR S&P 500 ETF (SPY) at 3.92%. 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.