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 0.95, 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
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Key characteristics
MSIGX:
0.28
SPY:
0.68
MSIGX:
0.54
SPY:
1.13
MSIGX:
1.08
SPY:
1.17
MSIGX:
0.23
SPY:
0.76
MSIGX:
0.85
SPY:
2.93
MSIGX:
7.00%
SPY:
4.87%
MSIGX:
20.30%
SPY:
20.29%
MSIGX:
-62.52%
SPY:
-55.19%
MSIGX:
-12.39%
SPY:
-3.85%
Returns By Period
In the year-to-date period, MSIGX achieves a 0.88% return, which is significantly higher than SPY's 0.56% return. Over the past 10 years, MSIGX has underperformed SPY with an annualized return of 2.46%, while SPY has yielded a comparatively higher 12.67% annualized return.
MSIGX
0.88%
9.15%
-6.48%
5.71%
7.33%
2.46%
SPY
0.56%
8.99%
-0.98%
13.71%
17.23%
12.67%
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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.
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Dividends
MSIGX vs. SPY - Dividend Comparison
MSIGX's dividend yield for the trailing twelve months is around 0.72%, less than SPY's 1.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MSIGX Invesco Main Street Fund | 0.72% | 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 | 1.22% | 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.
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Volatility
MSIGX vs. SPY - Volatility Comparison
The current volatility for Invesco Main Street Fund (MSIGX) is 5.78%, while SPDR S&P 500 ETF (SPY) has a volatility of 6.24%. This indicates that MSIGX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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