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 0.32, 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
Key characteristics
MSEX:
-0.59
SPY:
2.29
MSEX:
-0.69
SPY:
3.04
MSEX:
0.92
SPY:
1.43
MSEX:
-0.32
SPY:
3.40
MSEX:
-1.15
SPY:
15.01
MSEX:
16.58%
SPY:
1.90%
MSEX:
32.38%
SPY:
12.46%
MSEX:
-60.51%
SPY:
-55.19%
MSEX:
-53.17%
SPY:
-0.74%
Returns By Period
In the year-to-date period, MSEX achieves a -16.65% return, which is significantly lower than SPY's 28.13% return. Over the past 10 years, MSEX has underperformed SPY with an annualized return of 10.85%, while SPY has yielded a comparatively higher 13.16% annualized return.
MSEX
-16.65%
-19.55%
3.93%
-19.06%
-1.74%
10.85%
SPY
28.13%
1.31%
11.08%
28.58%
15.00%
13.16%
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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 2.46%, more than SPY's 1.18% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MSEX Middlesex Water Company | 2.46% | 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 | 1.18% | 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 7.44% compared to SPDR S&P 500 ETF (SPY) at 3.97%. 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.