MSIGX vs. SPY
Compare and contrast key facts about Invesco Main Street Fund (MSIGX) and State Street 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.
Performance
MSIGX vs. SPY - Performance Comparison
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MSIGX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MSIGX Invesco Main Street Fund | -9.61% | 16.02% | 23.66% | 23.06% | -20.21% | 27.37% | 14.41% | 22.49% | -8.25% | 16.79% |
SPY State Street SPDR S&P 500 ETF | -4.37% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, MSIGX achieves a -9.61% return, which is significantly lower than SPY's -4.37% return. Over the past 10 years, MSIGX has underperformed SPY with an annualized return of 10.31%, while SPY has yielded a comparatively higher 13.98% annualized return.
MSIGX
- 1D
- -0.32%
- 1M
- -9.12%
- YTD
- -9.61%
- 6M
- -8.53%
- 1Y
- 9.67%
- 3Y*
- 14.18%
- 5Y*
- 8.48%
- 10Y*
- 10.31%
SPY
- 1D
- 2.91%
- 1M
- -4.94%
- YTD
- -4.37%
- 6M
- -1.82%
- 1Y
- 17.59%
- 3Y*
- 18.19%
- 5Y*
- 11.69%
- 10Y*
- 13.98%
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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.
Return for Risk
MSIGX vs. SPY — Risk / Return Rank
MSIGX
SPY
MSIGX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Main Street Fund (MSIGX) 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.
| MSIGX | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.62 | 0.93 | -0.31 |
Sortino ratioReturn per unit of downside risk | 1.04 | 1.45 | -0.41 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.22 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | 0.01 | 1.53 | -1.51 |
Martin ratioReturn relative to average drawdown | 0.05 | 7.30 | -7.25 |
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
| MSIGX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.62 | 0.93 | -0.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | 0.69 | -0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | 0.78 | -0.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.62 | 0.56 | +0.06 |
Correlation
The correlation between MSIGX and SPY is 0.94, 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.
Dividends
MSIGX vs. SPY - Dividend Comparison
MSIGX's dividend yield for the trailing twelve months is around 8.29%, more than SPY's 1.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MSIGX Invesco Main Street Fund | 8.29% | 7.50% | 6.06% | 7.40% | 4.68% | 19.19% | 3.17% | 0.89% | 19.62% | 7.50% | 2.96% | 13.79% |
SPY State Street SPDR S&P 500 ETF | 1.14% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
MSIGX vs. SPY - Drawdown Comparison
The maximum MSIGX drawdown since its inception was -57.22%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for MSIGX and SPY.
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Drawdown Indicators
| MSIGX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.22% | -55.19% | -2.03% |
Max Drawdown (1Y)Largest decline over 1 year | -11.78% | -12.05% | +0.27% |
Max Drawdown (5Y)Largest decline over 5 years | -26.73% | -24.50% | -2.23% |
Max Drawdown (10Y)Largest decline over 10 years | -35.41% | -33.72% | -1.69% |
Current DrawdownCurrent decline from peak | -10.96% | -6.24% | -4.72% |
Average DrawdownAverage peak-to-trough decline | -9.03% | -9.09% | +0.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.31% | 2.52% | +1.79% |
Volatility
MSIGX vs. SPY - Volatility Comparison
The current volatility for Invesco Main Street Fund (MSIGX) is 4.09%, while State Street SPDR S&P 500 ETF (SPY) has a volatility of 5.31%. 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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Volatility by Period
| MSIGX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.09% | 5.31% | -1.22% |
Volatility (6M)Calculated over the trailing 6-month period | 9.04% | 9.47% | -0.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.35% | 19.05% | -0.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.87% | 17.06% | -0.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.85% | 17.92% | -0.07% |