MURMX vs. SPY
Compare and contrast key facts about Mutual of America 2045 Retirement Fund (MURMX) and State Street SPDR S&P 500 ETF (SPY).
MURMX is managed by Mutual of America. It was launched on Nov 29, 2021. 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.
Performance
MURMX vs. SPY - Performance Comparison
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MURMX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
MURMX Mutual of America 2045 Retirement Fund | -1.45% | 17.76% | 13.85% | 15.43% | -16.20% | 17.37% | 891.67% |
SPY State Street SPDR S&P 500 ETF | -3.65% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 17.24% |
Returns By Period
In the year-to-date period, MURMX achieves a -1.45% return, which is significantly higher than SPY's -3.65% return.
MURMX
- 1D
- 2.46%
- 1M
- -5.07%
- YTD
- -1.45%
- 6M
- 0.85%
- 1Y
- 16.80%
- 3Y*
- 13.03%
- 5Y*
- 6.71%
- 10Y*
- —
SPY
- 1D
- 0.75%
- 1M
- -4.28%
- YTD
- -3.65%
- 6M
- -1.42%
- 1Y
- 18.14%
- 3Y*
- 18.48%
- 5Y*
- 11.86%
- 10Y*
- 14.06%
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MURMX vs. SPY - Expense Ratio Comparison
MURMX has a 0.08% expense ratio, which is lower than SPY's 0.09% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
MURMX vs. SPY — Risk / Return Rank
MURMX
SPY
MURMX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Mutual of America 2045 Retirement Fund (MURMX) 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.
| MURMX | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.24 | 0.96 | +0.28 |
Sortino ratioReturn per unit of downside risk | 1.86 | 1.49 | +0.37 |
Omega ratioGain probability vs. loss probability | 1.27 | 1.23 | +0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.05 | 1.53 | -0.48 |
Martin ratioReturn relative to average drawdown | 4.92 | 7.27 | -2.35 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MURMX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.24 | 0.96 | +0.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.45 | 0.70 | -0.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.79 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.16 | 0.56 | -0.40 |
Correlation
The correlation between MURMX and SPY is 0.81, 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.
Dividends
MURMX vs. SPY - Dividend Comparison
MURMX's dividend yield for the trailing twelve months is around 8.92%, more than SPY's 1.13% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MURMX Mutual of America 2045 Retirement Fund | 8.92% | 8.79% | 8.17% | 2.95% | 11.94% | 4.69% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY State Street SPDR S&P 500 ETF | 1.13% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
MURMX vs. SPY - Drawdown Comparison
The maximum MURMX drawdown since its inception was -32.65%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for MURMX and SPY.
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Drawdown Indicators
| MURMX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.65% | -55.19% | +22.54% |
Max Drawdown (1Y)Largest decline over 1 year | -10.31% | -12.05% | +1.74% |
Max Drawdown (5Y)Largest decline over 5 years | -23.56% | -24.50% | +0.94% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.72% | — |
Current DrawdownCurrent decline from peak | -6.08% | -5.53% | -0.55% |
Average DrawdownAverage peak-to-trough decline | -5.62% | -9.09% | +3.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.69% | 2.54% | +0.15% |
Volatility
MURMX vs. SPY - Volatility Comparison
The current volatility for Mutual of America 2045 Retirement Fund (MURMX) is 4.47%, while State Street SPDR S&P 500 ETF (SPY) has a volatility of 5.35%. This indicates that MURMX 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.
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Volatility by Period
| MURMX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.47% | 5.35% | -0.88% |
Volatility (6M)Calculated over the trailing 6-month period | 8.54% | 9.50% | -0.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.39% | 19.06% | -3.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.75% | 17.06% | -0.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 386.41% | 17.92% | +368.49% |