MWMIX vs. SPY
Compare and contrast key facts about VanEck Morningstar Wide Moat Fund (MWMIX) and SPDR S&P 500 ETF (SPY).
MWMIX is managed by VanEck. It was launched on Nov 6, 2017. 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: MWMIX or SPY.
Correlation
The correlation between MWMIX and SPY 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. SPY - Performance Comparison
Key characteristics
MWMIX:
0.03
SPY:
1.88
MWMIX:
0.13
SPY:
2.53
MWMIX:
1.02
SPY:
1.35
MWMIX:
0.03
SPY:
2.83
MWMIX:
0.08
SPY:
11.74
MWMIX:
5.41%
SPY:
2.02%
MWMIX:
15.64%
SPY:
12.64%
MWMIX:
-36.84%
SPY:
-55.19%
MWMIX:
-12.62%
SPY:
-0.42%
Returns By Period
In the year-to-date period, MWMIX achieves a 0.09% return, which is significantly lower than SPY's 4.15% return.
MWMIX
0.09%
-2.73%
-6.99%
0.74%
2.90%
N/A
SPY
4.15%
1.22%
10.44%
24.34%
14.62%
13.18%
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MWMIX vs. SPY - Expense Ratio Comparison
MWMIX has a 0.59% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
MWMIX vs. SPY — Risk-Adjusted Performance Rank
MWMIX
SPY
MWMIX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Morningstar Wide Moat Fund (MWMIX) 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
MWMIX vs. SPY - Dividend Comparison
MWMIX's dividend yield for the trailing twelve months is around 1.38%, more than SPY's 1.16% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MWMIX VanEck Morningstar Wide Moat Fund | 1.38% | 1.38% | 0.77% | 1.15% | 1.13% | 1.55% | 1.57% | 2.01% | 0.26% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.16% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
MWMIX vs. SPY - Drawdown Comparison
The maximum MWMIX drawdown since its inception was -36.84%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for MWMIX and SPY. For additional features, visit the drawdowns tool.
Volatility
MWMIX vs. SPY - Volatility Comparison
The current volatility for VanEck Morningstar Wide Moat Fund (MWMIX) is 2.71%, while SPDR S&P 500 ETF (SPY) has a volatility of 2.93%. This indicates that MWMIX 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.