Correlation
The correlation between MSXAX and SPFIX is 1.00, 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.
MSXAX vs. SPFIX
Compare and contrast key facts about NYLI S&P 500 Index Class A (MSXAX) and Shelton Capital Management S&P 500 Index Fund (SPFIX).
MSXAX is a passively managed fund by New York Life Investment Management LLC that tracks the performance of the S&P 500 Index. It was launched on Jan 2, 2004. SPFIX is managed by Blackrock. It was launched on Apr 20, 1992.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MSXAX or SPFIX.
Performance
MSXAX vs. SPFIX - Performance Comparison
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Key characteristics
MSXAX:
0.71
SPFIX:
0.71
MSXAX:
1.01
SPFIX:
1.02
MSXAX:
1.15
SPFIX:
1.15
MSXAX:
0.66
SPFIX:
0.67
MSXAX:
2.49
SPFIX:
2.53
MSXAX:
4.95%
SPFIX:
4.94%
MSXAX:
19.72%
SPFIX:
19.75%
MSXAX:
-55.48%
SPFIX:
-54.81%
MSXAX:
-3.55%
SPFIX:
-3.51%
Returns By Period
The year-to-date returns for both investments are quite close, with MSXAX having a 0.85% return and SPFIX slightly higher at 0.89%. Both investments have delivered pretty close results over the past 10 years, with MSXAX having a 12.26% annualized return and SPFIX not far ahead at 12.47%.
MSXAX
0.85%
5.59%
-1.61%
12.91%
13.80%
15.35%
12.26%
SPFIX
0.89%
5.59%
-1.57%
13.08%
14.07%
15.49%
12.47%
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MSXAX vs. SPFIX - Expense Ratio Comparison
MSXAX has a 0.52% expense ratio, which is higher than SPFIX's 0.43% expense ratio.
Risk-Adjusted Performance
MSXAX vs. SPFIX — Risk-Adjusted Performance Rank
MSXAX
SPFIX
MSXAX vs. SPFIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for NYLI S&P 500 Index Class A (MSXAX) and Shelton Capital Management S&P 500 Index Fund (SPFIX). 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
MSXAX vs. SPFIX - Dividend Comparison
MSXAX's dividend yield for the trailing twelve months is around 5.16%, less than SPFIX's 14.01% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MSXAX NYLI S&P 500 Index Class A | 5.16% | 5.20% | 4.05% | 10.30% | 4.44% | 8.78% | 17.43% | 14.49% | 15.17% | 9.63% | 5.53% | 1.52% |
SPFIX Shelton Capital Management S&P 500 Index Fund | 14.01% | 14.11% | 8.32% | 5.07% | 5.43% | 8.34% | 9.16% | 2.49% | 3.12% | 2.92% | 4.35% | 1.98% |
Drawdowns
MSXAX vs. SPFIX - Drawdown Comparison
The maximum MSXAX drawdown since its inception was -55.48%, roughly equal to the maximum SPFIX drawdown of -54.81%. Use the drawdown chart below to compare losses from any high point for MSXAX and SPFIX.
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Volatility
MSXAX vs. SPFIX - Volatility Comparison
NYLI S&P 500 Index Class A (MSXAX) and Shelton Capital Management S&P 500 Index Fund (SPFIX) have volatilities of 4.76% and 4.77%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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