Correlation
The correlation between MSM and SPY is 0.47, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
MSM vs. SPY
Compare and contrast key facts about MSC Industrial Direct Co., Inc. (MSM) 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: MSM or SPY.
Performance
MSM vs. SPY - Performance Comparison
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Key characteristics
MSM:
-0.01
SPY:
0.70
MSM:
0.16
SPY:
1.02
MSM:
1.02
SPY:
1.15
MSM:
-0.06
SPY:
0.68
MSM:
-0.18
SPY:
2.57
MSM:
9.22%
SPY:
4.93%
MSM:
32.13%
SPY:
20.42%
MSM:
-76.60%
SPY:
-55.19%
MSM:
-17.16%
SPY:
-3.55%
Returns By Period
In the year-to-date period, MSM achieves a 11.20% return, which is significantly higher than SPY's 0.87% return. Over the past 10 years, MSM has underperformed SPY with an annualized return of 6.13%, while SPY has yielded a comparatively higher 12.73% annualized return.
MSM
11.20%
4.57%
-3.29%
-1.32%
2.40%
8.09%
6.13%
SPY
0.87%
3.99%
-1.56%
13.18%
14.25%
15.81%
12.73%
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Risk-Adjusted Performance
MSM vs. SPY — Risk-Adjusted Performance Rank
MSM
SPY
MSM vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MSC Industrial Direct Co., Inc. (MSM) 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
MSM vs. SPY - Dividend Comparison
MSM's dividend yield for the trailing twelve months is around 4.16%, more than SPY's 1.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MSM MSC Industrial Direct Co., Inc. | 4.16% | 4.47% | 3.16% | 3.72% | 3.57% | 13.63% | 3.52% | 3.08% | 2.36% | 1.88% | 2.90% | 5.81% |
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
MSM vs. SPY - Drawdown Comparison
The maximum MSM drawdown since its inception was -76.60%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for MSM and SPY.
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Volatility
MSM vs. SPY - Volatility Comparison
MSC Industrial Direct Co., Inc. (MSM) has a higher volatility of 9.23% compared to SPDR S&P 500 ETF (SPY) at 4.86%. This indicates that MSM'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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