MWOFX vs. GLDM
Compare and contrast key facts about MFS Global Growth Fund (MWOFX) and SPDR Gold MiniShares Trust (GLDM).
MWOFX is managed by MFS. It was launched on Nov 17, 1993. GLDM is a passively managed fund by State Street that tracks the performance of the LBMA Gold PM Price. It was launched on Jun 25, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MWOFX or GLDM.
Key characteristics
| MWOFX | GLDM | |
|---|---|---|
| YTD Return | 11.45% | 25.10% |
| 1Y Return | 17.84% | 34.23% |
| 3Y Return (Ann) | 4.00% | 13.77% |
| 5Y Return (Ann) | 10.76% | 11.49% |
| Sharpe Ratio | 1.52 | 2.45 |
| Daily Std Dev | 12.17% | 14.33% |
| Max Drawdown | -53.92% | -21.63% |
| Current Drawdown | -0.14% | -0.02% |
Correlation
The correlation between MWOFX and GLDM is 0.11, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
MWOFX vs. GLDM - Performance Comparison
In the year-to-date period, MWOFX achieves a 11.45% return, which is significantly lower than GLDM's 25.10% 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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MWOFX vs. GLDM - Expense Ratio Comparison
MWOFX has a 1.22% expense ratio, which is higher than GLDM's 0.18% expense ratio.
Risk-Adjusted Performance
MWOFX vs. GLDM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MFS Global Growth Fund (MWOFX) and SPDR Gold MiniShares Trust (GLDM). 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
MWOFX vs. GLDM - Dividend Comparison
MWOFX's dividend yield for the trailing twelve months is around 1.87%, while GLDM has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MWOFX MFS Global Growth Fund | 1.87% | 2.09% | 3.60% | 6.25% | 3.13% | 1.86% | 5.00% | 3.61% | 1.68% | 6.08% | 4.66% | 3.64% |
GLDM SPDR Gold MiniShares Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
MWOFX vs. GLDM - Drawdown Comparison
The maximum MWOFX drawdown since its inception was -53.92%, which is greater than GLDM's maximum drawdown of -21.63%. Use the drawdown chart below to compare losses from any high point for MWOFX and GLDM. For additional features, visit the drawdowns tool.
Volatility
MWOFX vs. GLDM - Volatility Comparison
The current volatility for MFS Global Growth Fund (MWOFX) is 3.27%, while SPDR Gold MiniShares Trust (GLDM) has a volatility of 3.76%. This indicates that MWOFX experiences smaller price fluctuations and is considered to be less risky than GLDM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.