MVO vs. SPY
Compare and contrast key facts about MV Oil Trust (MVO) and SPDR S&P 500 ETF (SPY).
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: MVO or SPY.
Correlation
The correlation between MVO and SPY is 0.26, 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
MVO vs. SPY - Performance Comparison
Key characteristics
MVO:
-0.69
SPY:
2.21
MVO:
-0.84
SPY:
2.93
MVO:
0.90
SPY:
1.41
MVO:
-0.59
SPY:
3.26
MVO:
-1.31
SPY:
14.43
MVO:
16.51%
SPY:
1.90%
MVO:
31.11%
SPY:
12.41%
MVO:
-89.58%
SPY:
-55.19%
MVO:
-35.43%
SPY:
-2.74%
Returns By Period
In the year-to-date period, MVO achieves a -21.09% return, which is significantly lower than SPY's 25.54% return. Over the past 10 years, MVO has underperformed SPY with an annualized return of 6.87%, while SPY has yielded a comparatively higher 12.97% annualized return.
MVO
-21.09%
-9.80%
-3.97%
-21.48%
21.13%
6.87%
SPY
25.54%
-0.42%
8.90%
25.98%
14.66%
12.97%
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Risk-Adjusted Performance
MVO vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MV Oil Trust (MVO) 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.
Dividends
MVO vs. SPY - Dividend Comparison
MVO's dividend yield for the trailing twelve months is around 18.74%, more than SPY's 0.86% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MVO MV Oil Trust | 18.74% | 12.15% | 13.59% | 11.16% | 15.71% | 16.75% | 20.29% | 8.57% | 6.42% | 26.18% | 23.30% | 13.55% |
SPY SPDR S&P 500 ETF | 0.86% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
MVO vs. SPY - Drawdown Comparison
The maximum MVO drawdown since its inception was -89.58%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for MVO and SPY. For additional features, visit the drawdowns tool.
Volatility
MVO vs. SPY - Volatility Comparison
MV Oil Trust (MVO) has a higher volatility of 10.58% compared to SPDR S&P 500 ETF (SPY) at 3.72%. This indicates that MVO'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.