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.
Key characteristics
| MWMIX | ^GSPC | |
|---|---|---|
| YTD Return | 14.01% | 25.23% |
| 1Y Return | 30.23% | 36.29% |
| 3Y Return (Ann) | 8.60% | 8.33% |
| 5Y Return (Ann) | 13.78% | 14.10% |
| Sharpe Ratio | 2.49 | 2.94 |
| Sortino Ratio | 3.44 | 3.93 |
| Omega Ratio | 1.45 | 1.55 |
| Calmar Ratio | 2.66 | 3.89 |
| Martin Ratio | 13.24 | 19.19 |
| Ulcer Index | 2.26% | 1.90% |
| Daily Std Dev | 12.02% | 12.38% |
| Max Drawdown | -33.03% | -56.78% |
| Current Drawdown | -0.78% | 0.00% |
Correlation
The correlation between MWMIX and ^GSPC 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. ^GSPC - Performance Comparison
In the year-to-date period, MWMIX achieves a 14.01% return, which is significantly lower than ^GSPC's 25.23% 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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Risk-Adjusted Performance
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 -33.03%, 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 2.65%, while S&P 500 (^GSPC) has a volatility of 3.93%. 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.