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MSVX vs. SPY
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

MSVX vs. SPY

Last updated May 13, 2025

Compare and contrast key facts about LHA Market State Alpha Seeker ETF (MSVX) and SPDR S&P 500 ETF (SPY).

MSVX and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MSVX is an actively managed fund by Little Harbor Advisors. It was launched on May 13, 2020. 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: MSVX or SPY.

Correlation

The correlation between MSVX and SPY is 0.06, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Performance

MSVX vs. SPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in LHA Market State Alpha Seeker ETF (MSVX) and SPDR S&P 500 ETF (SPY). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Returns By Period

MSVX

YTD

N/A

1M

N/A

6M

N/A

1Y

N/A

5Y*

N/A

10Y*

N/A

SPY

YTD

-0.23%

1M

9.19%

6M

-2.01%

1Y

13.36%

5Y*

17.44%

10Y*

12.59%

*Annualized

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MSVX vs. SPY - Expense Ratio Comparison

MSVX has a 1.16% expense ratio, which is higher than SPY's 0.09% expense ratio.

MSVX
LHA Market State Alpha Seeker ETF
SPY
SPDR S&P 500 ETF

Risk-Adjusted Performance

MSVX vs. SPY — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
MSVX
The Risk-Adjusted Performance Rank of MSVX is 33
Overall Rank
The Sharpe Ratio Rank of MSVX is 22
Sharpe Ratio Rank
The Sortino Ratio Rank of MSVX is 22
Sortino Ratio Rank
The Omega Ratio Rank of MSVX is 22
Omega Ratio Rank
The Calmar Ratio Rank of MSVX is 22
Calmar Ratio Rank
The Martin Ratio Rank of MSVX is 44
Martin Ratio Rank
SPY
The Risk-Adjusted Performance Rank of SPY is 6969
Overall Rank
The Sharpe Ratio Rank of SPY is 6363
Sharpe Ratio Rank
The Sortino Ratio Rank of SPY is 6767
Sortino Ratio Rank
The Omega Ratio Rank of SPY is 7171
Omega Ratio Rank
The Calmar Ratio Rank of SPY is 7171
Calmar Ratio Rank
The Martin Ratio Rank of SPY is 7171
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

MSVX vs. SPY - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for LHA Market State Alpha Seeker ETF (MSVX) 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

MSVX vs. SPY - Dividend Comparison

MSVX has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.23%.

TTM20242023202220212020201920182017201620152014
MSVX
LHA Market State Alpha Seeker ETF		0.00%0.00%3.58%0.11%0.38%1.94%0.00%0.00%0.00%0.00%0.00%0.00%
SPY
SPDR S&P 500 ETF		1.23%1.21%1.40%1.65%1.20%1.52%1.75%2.04%1.80%2.03%2.06%1.87%

Drawdowns

MSVX vs. SPY - Drawdown Comparison

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Volatility

MSVX vs. SPY - Volatility Comparison

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