MSIGX vs. SPY
Compare and contrast key facts about Invesco Main Street Fund (MSIGX) and SPDR S&P 500 ETF (SPY).
MSIGX is managed by Invesco. It was launched on Feb 3, 1988. 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: MSIGX or SPY.
Correlation
The correlation between MSIGX and SPY is 0.93, 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
MSIGX vs. SPY - Performance Comparison
Key characteristics
MSIGX:
1.18
SPY:
1.88
MSIGX:
1.60
SPY:
2.53
MSIGX:
1.23
SPY:
1.35
MSIGX:
0.74
SPY:
2.83
MSIGX:
5.01
SPY:
11.74
MSIGX:
3.23%
SPY:
2.02%
MSIGX:
13.69%
SPY:
12.64%
MSIGX:
-62.52%
SPY:
-55.19%
MSIGX:
-8.73%
SPY:
-0.42%
Returns By Period
In the year-to-date period, MSIGX achieves a 5.10% return, which is significantly higher than SPY's 4.15% return. Over the past 10 years, MSIGX has underperformed SPY with an annualized return of 2.99%, while SPY has yielded a comparatively higher 13.18% annualized return.
MSIGX
5.10%
1.53%
4.40%
16.73%
4.78%
2.99%
SPY
4.15%
1.22%
10.44%
24.34%
14.62%
13.18%
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MSIGX vs. SPY - Expense Ratio Comparison
MSIGX has a 0.82% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
MSIGX vs. SPY — Risk-Adjusted Performance Rank
MSIGX
SPY
MSIGX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Main Street Fund (MSIGX) 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
MSIGX vs. SPY - Dividend Comparison
MSIGX's dividend yield for the trailing twelve months is around 0.69%, less than SPY's 1.16% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MSIGX Invesco Main Street Fund | 0.69% | 0.73% | 0.16% | 1.08% | 0.67% | 0.83% | 0.89% | 1.24% | 1.07% | 1.08% | 1.00% | 0.73% |
SPY SPDR S&P 500 ETF | 1.16% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
MSIGX vs. SPY - Drawdown Comparison
The maximum MSIGX drawdown since its inception was -62.52%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for MSIGX and SPY. For additional features, visit the drawdowns tool.
Volatility
MSIGX vs. SPY - Volatility Comparison
Invesco Main Street Fund (MSIGX) has a higher volatility of 3.24% compared to SPDR S&P 500 ETF (SPY) at 2.93%. This indicates that MSIGX'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.