MURGY vs. SPY
MURGY (Muenchener Rueckver Ges) is a stock, while SPY (State Street SPDR S&P 500 ETF) is S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, MURGY returned 18.63%/yr vs 15.09%/yr for SPY. Their 0.50 correlation means their historical movements had little consistent relationship.
Performance
MURGY vs. SPY - Performance Comparison
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Returns By Period
In the year-to-date period, MURGY achieves a -4.87% return, which is significantly lower than SPY's 11.70% return. Over the past 10 years, MURGY has outperformed SPY with an annualized return of 18.63%, while SPY has yielded a comparatively lower 15.09% annualized return.
MURGY
- 1D
- -0.17%
- 1M
- 4.81%
- 6M
- 2.68%
- YTD
- -4.87%
- 1Y
- -4.87%
- 3Y*
- 21.46%
- 5Y*
- 22.07%
- 10Y*
- 18.63%
- ALL TIME*
- 15.15%
SPY
- 1D
- 1.42%
- 1M
- 1.73%
- 6M
- 9.53%
- YTD
- 11.70%
- 1Y
- 23.22%
- 3Y*
- 20.74%
- 5Y*
- 13.05%
- 10Y*
- 15.09%
- ALL TIME*
- 10.83%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $5.91M | $8.55M | $12.33M | |
| $38.19B | $36.17B | $39.59B |
MURGY vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MURGY Muenchener Rueckver Ges | -4.87% | 36.01% | 23.53% | 34.32% | 14.50% | 2.58% | 4.34% | 38.79% | 4.17% | 28.67% |
SPY State Street SPDR S&P 500 ETF | 11.70% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Correlation
The correlation between MURGY and SPY is 0.22, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.22 |
Correlation (3Y) Balances recent behavior with more history. | 0.25 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.35 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.41 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 2008 | 0.50 |
Over the past year, the correlation between MURGY and SPY has dropped to 0.22 - well below their long-term average of 0.50, suggesting their price drivers have been diverging.
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Return for Risk
MURGY vs. SPY — Risk / Return Rank
MURGY
SPY
MURGY vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Muenchener Rueckver Ges (MURGY) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MURGY | SPY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.03 | ||
| Sortino ratioReturn per unit of downside risk | -2.65 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.32 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | -0.19 | 2.62 | -2.82 |
| Martin ratioReturn relative to average drawdown | -0.38 | 11.20 | -11.57 |
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Drawdowns
MURGY vs. SPY - Drawdown Comparison
The maximum MURGY drawdown since its inception was -48.01%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for MURGY and SPY.
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Drawdown Indicators
| MURGY | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.01% | -55.19% | +7.18% |
Max Drawdown (1Y)Largest decline over 1 year | -25.23% | -8.88% | -16.35% |
Max Drawdown (3Y)Largest decline over 3 years | -25.23% | -18.76% | -6.47% |
Max Drawdown (5Y)Largest decline over 5 years | -29.54% | -24.50% | -5.04% |
Max Drawdown (10Y)Largest decline over 10 years | -48.01% | -33.72% | -14.29% |
Current DrawdownCurrent decline from peak | -11.33% | 0.00% | -11.33% |
Average DrawdownAverage peak-to-trough decline | -8.76% | -9.01% | +0.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.90% | 2.08% | +10.82% |
Volatility
MURGY vs. SPY - Volatility Comparison
Muenchener Rueckver Ges (MURGY) has a higher volatility of 4.92% compared to State Street SPDR S&P 500 ETF (SPY) at 3.84%. This indicates that MURGY'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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Volatility by Period
| MURGY | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.92% | 3.84% | +1.08% |
Volatility (6M)Calculated over the trailing 6-month period | 16.88% | 10.23% | +6.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.42% | 12.87% | +9.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.31% | 17.19% | +7.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.65% | 17.96% | +7.69% |
Dividends
MURGY vs. SPY - Dividend Comparison
MURGY's dividend yield for the trailing twelve months is around 4.62%, more than SPY's 0.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MURGY Muenchener Rueckver Ges | 4.62% | 3.31% | 3.21% | 2.98% | 3.73% | 2.68% | 2.50% | 2.44% | 3.39% | 10.17% | 9.45% | 4.25% |
SPY State Street SPDR S&P 500 ETF | 0.99% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Frequently Asked Questions
MURGY and SPY have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MURGY has higher volatility (4.92%) compared to SPY (3.84%). In terms of maximum drawdown, MURGY dropped -48.01% vs SPY's -55.19%.
SPY currently has the higher Sharpe Ratio (1.82 vs -0.22), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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