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.
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.
Performance
MWMIX vs. SPY - Performance Comparison
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Key characteristics
MWMIX:
-0.13
SPY:
0.70
MWMIX:
-0.13
SPY:
1.02
MWMIX:
0.98
SPY:
1.15
MWMIX:
-0.16
SPY:
0.68
MWMIX:
-0.42
SPY:
2.57
MWMIX:
10.63%
SPY:
4.93%
MWMIX:
21.65%
SPY:
20.42%
MWMIX:
-36.84%
SPY:
-55.19%
MWMIX:
-15.59%
SPY:
-3.55%
Returns By Period
In the year-to-date period, MWMIX achieves a -3.30% return, which is significantly lower than SPY's 0.87% return.
MWMIX
-3.30%
4.53%
-15.32%
-3.86%
2.08%
3.73%
N/A
SPY
0.87%
5.54%
-1.56%
13.18%
14.25%
15.81%
12.73%
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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.
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Dividends
MWMIX vs. SPY - Dividend Comparison
MWMIX's dividend yield for the trailing twelve months is around 10.70%, more than SPY's 1.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MWMIX VanEck Morningstar Wide Moat Fund | 10.70% | 10.35% | 5.82% | 11.44% | 13.45% | 8.22% | 10.84% | 9.48% | 0.26% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.22% | 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.
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Volatility
MWMIX vs. SPY - Volatility Comparison
VanEck Morningstar Wide Moat Fund (MWMIX) has a higher volatility of 6.21% compared to SPDR S&P 500 ETF (SPY) at 4.86%. This indicates that MWMIX'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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