MSTGX vs. SPY
Compare and contrast key facts about Morningstar Global Income Fund (MSTGX) and SPDR S&P 500 ETF (SPY).
MSTGX is managed by Morningstar. It was launched on Nov 1, 2018. 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: MSTGX or SPY.
Correlation
The correlation between MSTGX and SPY is 0.78, 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
MSTGX vs. SPY - Performance Comparison
Key characteristics
MSTGX:
1.98
SPY:
1.97
MSTGX:
2.77
SPY:
2.64
MSTGX:
1.38
SPY:
1.36
MSTGX:
0.94
SPY:
2.97
MSTGX:
8.96
SPY:
12.34
MSTGX:
1.26%
SPY:
2.03%
MSTGX:
5.71%
SPY:
12.68%
MSTGX:
-27.96%
SPY:
-55.19%
MSTGX:
-2.55%
SPY:
-0.01%
Returns By Period
In the year-to-date period, MSTGX achieves a 4.35% return, which is significantly higher than SPY's 4.03% return.
MSTGX
4.35%
3.00%
3.19%
10.23%
1.85%
N/A
SPY
4.03%
2.03%
9.65%
23.63%
14.28%
13.18%
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MSTGX vs. SPY - Expense Ratio Comparison
MSTGX has a 0.62% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
MSTGX vs. SPY — Risk-Adjusted Performance Rank
MSTGX
SPY
MSTGX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Morningstar Global Income Fund (MSTGX) 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
MSTGX vs. SPY - Dividend Comparison
MSTGX's dividend yield for the trailing twelve months is around 5.99%, more than SPY's 1.16% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MSTGX Morningstar Global Income Fund | 5.99% | 6.65% | 6.31% | 5.04% | 3.74% | 2.91% | 3.65% | 0.56% | 0.00% | 0.00% | 0.00% | 0.00% |
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
MSTGX vs. SPY - Drawdown Comparison
The maximum MSTGX drawdown since its inception was -27.96%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for MSTGX and SPY. For additional features, visit the drawdowns tool.
Volatility
MSTGX vs. SPY - Volatility Comparison
The current volatility for Morningstar Global Income Fund (MSTGX) is 1.52%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.15%. This indicates that MSTGX 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.