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.
Key characteristics
| MWMIX | SPY | |
|---|---|---|
| YTD Return | 14.01% | 26.49% |
| 1Y Return | 30.23% | 38.06% |
| 3Y Return (Ann) | 8.60% | 9.93% |
| 5Y Return (Ann) | 13.78% | 15.84% |
| Sharpe Ratio | 2.49 | 3.11 |
| Sortino Ratio | 3.44 | 4.14 |
| Omega Ratio | 1.45 | 1.58 |
| Calmar Ratio | 2.66 | 4.54 |
| Martin Ratio | 13.24 | 20.57 |
| Ulcer Index | 2.26% | 1.86% |
| Daily Std Dev | 12.02% | 12.29% |
| Max Drawdown | -33.03% | -55.19% |
| Current Drawdown | -0.78% | 0.00% |
Correlation
The correlation between MWMIX and SPY is 0.90, 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
In the year-to-date period, MWMIX achieves a 14.01% return, which is significantly lower than SPY's 26.49% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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 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 0.67%, less than SPY's 1.18% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MWMIX VanEck Morningstar Wide Moat Fund | 0.67% | 0.77% | 1.15% | 1.13% | 1.55% | 1.57% | 2.01% | 0.26% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.18% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
MWMIX vs. SPY - Drawdown Comparison
The maximum MWMIX drawdown since its inception was -33.03%, 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 2.65%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.95%. 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.