MSFT vs. SPY
MSFT (Microsoft Corporation) is a stock, while SPY (State Street SPDR S&P 500 ETF) is S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, MSFT returned 23.16%/yr vs 14.68%/yr for SPY. A 0.64 correlation means they provide meaningful diversification when combined.
Performance
MSFT vs. SPY - Performance Comparison
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Returns By Period
In the year-to-date period, MSFT achieves a -18.53% return, which is significantly lower than SPY's 2.12% return. Over the past 10 years, MSFT has outperformed SPY with an annualized return of 23.16%, while SPY has yielded a comparatively lower 14.68% annualized return.
MSFT
- 1D
- 2.27%
- 1M
- -0.62%
- YTD
- -18.53%
- 6M
- -23.14%
- 1Y
- 2.14%
- 3Y*
- 12.04%
- 5Y*
- 9.56%
- 10Y*
- 23.16%
SPY
- 1D
- 1.22%
- 1M
- 5.14%
- YTD
- 2.12%
- 6M
- 5.46%
- 1Y
- 30.29%
- 3Y*
- 20.50%
- 5Y*
- 12.32%
- 10Y*
- 14.68%
MSFT vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MSFT Microsoft Corporation | -18.53% | 15.58% | 12.93% | 58.19% | -28.02% | 52.48% | 42.53% | 57.56% | 20.80% | 40.73% |
SPY State Street SPDR S&P 500 ETF | 2.12% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Correlation
The correlation between MSFT and SPY is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 1993 | 0.64 |
The correlation between MSFT and SPY shifts across timeframes, from 0.57 (1 year) to 0.74 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
MSFT vs. SPY — Risk / Return Rank
MSFT
SPY
MSFT vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Microsoft Corporation (MSFT) and State Street 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.
| MSFT | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.09 | 2.30 | -2.22 |
Sortino ratioReturn per unit of downside risk | 0.29 | 3.20 | -2.91 |
Omega ratioGain probability vs. loss probability | 1.04 | 1.43 | -0.39 |
Calmar ratioReturn relative to maximum drawdown | 0.11 | 3.82 | -3.70 |
Martin ratioReturn relative to average drawdown | 0.28 | 17.31 | -17.03 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MSFT | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.09 | 2.30 | -2.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.37 | 0.72 | -0.36 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.86 | 0.82 | +0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.74 | 0.57 | +0.17 |
Drawdowns
MSFT vs. SPY - Drawdown Comparison
The maximum MSFT drawdown since its inception was -69.38%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for MSFT and SPY.
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Drawdown Indicators
| MSFT | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.38% | -55.19% | -14.19% |
Max Drawdown (1Y)Largest decline over 1 year | -33.91% | -8.88% | -25.03% |
Max Drawdown (5Y)Largest decline over 5 years | -37.15% | -24.50% | -12.65% |
Max Drawdown (10Y)Largest decline over 10 years | -37.15% | -33.72% | -3.43% |
Current DrawdownCurrent decline from peak | -27.18% | 0.00% | -27.18% |
Average DrawdownAverage peak-to-trough decline | -21.78% | -9.08% | -12.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.69% | 1.96% | +11.73% |
Volatility
MSFT vs. SPY - Volatility Comparison
Microsoft Corporation (MSFT) has a higher volatility of 7.58% compared to State Street SPDR S&P 500 ETF (SPY) at 5.61%. This indicates that MSFT'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.
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Volatility by Period
| MSFT | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.58% | 5.61% | +1.97% |
Volatility (6M)Calculated over the trailing 6-month period | 19.44% | 9.53% | +9.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.23% | 13.29% | +10.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.19% | 17.10% | +9.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.92% | 17.94% | +8.98% |
Dividends
MSFT vs. SPY - Dividend Comparison
MSFT's dividend yield for the trailing twelve months is around 0.89%, less than SPY's 1.06% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MSFT Microsoft Corporation | 0.89% | 0.70% | 0.73% | 0.74% | 1.06% | 0.68% | 0.94% | 1.20% | 1.69% | 1.86% | 2.37% | 2.33% |
SPY State Street SPDR S&P 500 ETF | 1.06% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |