MWMIX vs. ^GSPC
Compare and contrast key facts about VanEck Morningstar Wide Moat Fund (MWMIX) and S&P 500 (^GSPC).
MWMIX is managed by VanEck. It was launched on Nov 6, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MWMIX or ^GSPC.
Correlation
The correlation between MWMIX and ^GSPC is 0.89, 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.
Performance
MWMIX vs. ^GSPC - Performance Comparison
Key characteristics
MWMIX:
-0.00
^GSPC:
1.62
MWMIX:
0.09
^GSPC:
2.20
MWMIX:
1.02
^GSPC:
1.30
MWMIX:
-0.00
^GSPC:
2.46
MWMIX:
-0.01
^GSPC:
10.01
MWMIX:
5.47%
^GSPC:
2.08%
MWMIX:
15.66%
^GSPC:
12.88%
MWMIX:
-36.84%
^GSPC:
-56.78%
MWMIX:
-13.27%
^GSPC:
-2.13%
Returns By Period
In the year-to-date period, MWMIX achieves a -0.65% return, which is significantly lower than ^GSPC's 2.24% return.
MWMIX
-0.65%
-3.53%
-8.81%
-0.77%
2.75%
N/A
^GSPC
2.24%
-1.20%
6.72%
18.21%
12.53%
11.04%
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Risk-Adjusted Performance
MWMIX vs. ^GSPC — Risk-Adjusted Performance Rank
MWMIX
^GSPC
MWMIX vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Morningstar Wide Moat Fund (MWMIX) and S&P 500 (^GSPC). 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.
Drawdowns
MWMIX vs. ^GSPC - Drawdown Comparison
The maximum MWMIX drawdown since its inception was -36.84%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for MWMIX and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
MWMIX vs. ^GSPC - Volatility Comparison
The current volatility for VanEck Morningstar Wide Moat Fund (MWMIX) is 2.76%, while S&P 500 (^GSPC) has a volatility of 3.43%. This indicates that MWMIX experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.