MVO vs. SPY
MVO (MV Oil Trust) 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, MVO returned 3.28%/yr vs 15.07%/yr for SPY. Their 0.24 correlation means their historical movements had little consistent relationship.
Performance
MVO vs. SPY - Performance Comparison
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Returns By Period
In the year-to-date period, MVO achieves a 90.68% return, which is significantly higher than SPY's 10.13% return. Over the past 10 years, MVO has underperformed SPY with an annualized return of 3.28%, while SPY has yielded a comparatively higher 15.07% annualized return.
MVO
- 1D
- 0.00%
- 1M
- 24.92%
- 6M
- 43.85%
- YTD
- 90.68%
- 1Y
- -56.37%
- 3Y*
- -35.28%
- 5Y*
- -9.24%
- 10Y*
- 3.28%
- ALL TIME*
- 0.09%
SPY
- 1D
- 0.72%
- 1M
- 0.30%
- 6M
- 8.53%
- YTD
- 10.13%
- 1Y
- 21.49%
- 3Y*
- 19.32%
- 5Y*
- 12.76%
- 10Y*
- 15.07%
- ALL TIME*
- 10.79%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
MVO MV Oil Trust | $197.49K | $403.62K | $333.85K |
| $37.27B | $35.99B | $39.23B |
MVO vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MVO MV Oil Trust | 90.68% | -82.24% | -22.69% | -18.19% | 123.83% | 225.88% | -44.46% | 2.30% | -4.24% | 51.17% |
SPY State Street SPDR S&P 500 ETF | 10.13% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Correlation
The correlation between MVO and SPY is 0.02, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.02 |
Correlation (3Y) Balances recent behavior with more history. | 0.08 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.11 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.16 |
Correlation (All Time) Calculated using the full available price history since Jan 19, 2007 | 0.24 |
Over the past year, the correlation between MVO and SPY has dropped to 0.02 - well below their long-term average of 0.24, suggesting their price drivers have been diverging.
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Return for Risk
MVO vs. SPY — Risk / Return Rank
MVO
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SPY
MVO vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MV Oil Trust (MVO) 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.
| MVO | SPY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.78 | ||
| Sortino ratioReturn per unit of downside risk | -1.20 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.27 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | -0.68 | 2.20 | -2.88 |
| Martin ratioReturn relative to average drawdown | -1.02 | 9.40 | -10.42 |
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Drawdowns
MVO vs. SPY - Drawdown Comparison
The maximum MVO drawdown since its inception was -92.18%, 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.
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Drawdown Indicators
| MVO | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.18% | -55.19% | -36.99% |
Max Drawdown (1Y)Largest decline over 1 year | -85.51% | -8.88% | -76.63% |
Max Drawdown (3Y)Largest decline over 3 years | -91.39% | -18.76% | -72.63% |
Max Drawdown (5Y)Largest decline over 5 years | -92.18% | -24.50% | -67.68% |
Max Drawdown (10Y)Largest decline over 10 years | -92.18% | -33.72% | -58.46% |
Current DrawdownCurrent decline from peak | -78.58% | -1.40% | -77.18% |
Average DrawdownAverage peak-to-trough decline | -41.43% | -9.01% | -32.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 56.57% | 2.08% | +54.49% |
Volatility
MVO vs. SPY - Volatility Comparison
MV Oil Trust (MVO) has a higher volatility of 128.68% compared to State Street SPDR S&P 500 ETF (SPY) at 3.58%. 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.
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Volatility by Period
| MVO | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 128.68% | 3.58% | +125.10% |
Volatility (6M)Calculated over the trailing 6-month period | 149.47% | 10.14% | +139.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 221.47% | 12.89% | +208.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 108.19% | 17.18% | +91.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 88.03% | 17.95% | +70.08% |
Dividends
MVO vs. SPY - Dividend Comparison
MVO has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.01%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MVO MV Oil Trust | 186.20% | 72.98% | 19.12% | 12.15% | 13.59% | 11.16% | 15.71% | 16.75% | 20.29% | 8.57% | 6.42% | 26.18% |
SPY State Street SPDR S&P 500 ETF | 1.01% | 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
MVO and SPY have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MVO has higher volatility (128.68%) compared to SPY (3.58%). In terms of maximum drawdown, MVO dropped -92.18% vs SPY's -55.19%.
SPY currently has the higher Sharpe Ratio (1.52 vs -0.26), 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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