MUTHX vs. SPY
Compare and contrast key facts about Franklin Mutual Shares Fund (MUTHX) and State Street SPDR S&P 500 ETF (SPY).
MUTHX is managed by Franklin Templeton. It was launched on Jun 30, 1949. 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
MUTHX vs. SPY - Performance Comparison
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MUTHX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MUTHX Franklin Mutual Shares Fund | -2.24% | 11.83% | 12.42% | 13.86% | -7.11% | 19.27% | -4.34% | 23.20% | -9.06% | 8.39% |
SPY State Street SPDR S&P 500 ETF | -3.65% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, MUTHX achieves a -2.24% return, which is significantly higher than SPY's -3.65% return. Over the past 10 years, MUTHX has underperformed SPY with an annualized return of 7.24%, while SPY has yielded a comparatively higher 14.06% annualized return.
MUTHX
- 1D
- 1.81%
- 1M
- -6.40%
- YTD
- -2.24%
- 6M
- 1.29%
- 1Y
- 6.63%
- 3Y*
- 11.69%
- 5Y*
- 6.79%
- 10Y*
- 7.24%
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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MUTHX vs. SPY - Expense Ratio Comparison
MUTHX has a 0.75% expense ratio, which is higher than SPY's 0.09% expense ratio.
Return for Risk
MUTHX vs. SPY — Risk / Return Rank
MUTHX
SPY
MUTHX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Mutual Shares Fund (MUTHX) 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.
| MUTHX | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.42 | 0.96 | -0.53 |
Sortino ratioReturn per unit of downside risk | 0.69 | 1.49 | -0.80 |
Omega ratioGain probability vs. loss probability | 1.10 | 1.23 | -0.13 |
Calmar ratioReturn relative to maximum drawdown | 0.59 | 1.53 | -0.95 |
Martin ratioReturn relative to average drawdown | 2.19 | 7.27 | -5.08 |
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
| MUTHX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.42 | 0.96 | -0.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.44 | 0.70 | -0.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.43 | 0.79 | -0.36 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 0.56 | +0.02 |
Correlation
The correlation between MUTHX 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
MUTHX vs. SPY - Dividend Comparison
MUTHX's dividend yield for the trailing twelve months is around 7.75%, more than SPY's 1.13% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MUTHX Franklin Mutual Shares Fund | 7.75% | 7.58% | 10.40% | 5.92% | 9.67% | 11.31% | 3.74% | 8.08% | 7.33% | 6.79% | 3.74% | 7.00% |
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
MUTHX vs. SPY - Drawdown Comparison
The maximum MUTHX drawdown since its inception was -53.53%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for MUTHX and SPY.
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Drawdown Indicators
| MUTHX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.53% | -55.19% | +1.66% |
Max Drawdown (1Y)Largest decline over 1 year | -12.52% | -12.05% | -0.47% |
Max Drawdown (5Y)Largest decline over 5 years | -20.96% | -24.50% | +3.54% |
Max Drawdown (10Y)Largest decline over 10 years | -39.45% | -33.72% | -5.73% |
Current DrawdownCurrent decline from peak | -7.46% | -5.53% | -1.93% |
Average DrawdownAverage peak-to-trough decline | -6.53% | -9.09% | +2.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.35% | 2.54% | +0.81% |
Volatility
MUTHX vs. SPY - Volatility Comparison
The current volatility for Franklin Mutual Shares Fund (MUTHX) is 4.55%, while State Street SPDR S&P 500 ETF (SPY) has a volatility of 5.35%. This indicates that MUTHX 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
| MUTHX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.55% | 5.35% | -0.80% |
Volatility (6M)Calculated over the trailing 6-month period | 8.58% | 9.50% | -0.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.80% | 19.06% | -3.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.61% | 17.06% | -1.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.89% | 17.92% | -1.03% |