MXISX vs. SPY
Compare and contrast key facts about Great-West S&P Small Cap 600 Index Fund (MXISX) and SPDR S&P 500 ETF (SPY).
MXISX is managed by Great-West. It was launched on Dec 1, 1993. 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: MXISX or SPY.
Correlation
The correlation between MXISX and SPY is 0.80, 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
MXISX vs. SPY - Performance Comparison
Key characteristics
MXISX:
0.39
SPY:
2.22
MXISX:
0.68
SPY:
2.95
MXISX:
1.09
SPY:
1.41
MXISX:
0.31
SPY:
3.32
MXISX:
2.04
SPY:
14.42
MXISX:
3.88%
SPY:
1.93%
MXISX:
20.45%
SPY:
12.58%
MXISX:
-53.77%
SPY:
-55.19%
MXISX:
-17.75%
SPY:
-2.28%
Returns By Period
In the year-to-date period, MXISX achieves a 1.07% return, which is significantly higher than SPY's 1.00% return. Over the past 10 years, MXISX has underperformed SPY with an annualized return of 1.88%, while SPY has yielded a comparatively higher 13.46% annualized return.
MXISX
1.07%
-10.03%
6.78%
8.00%
2.37%
1.88%
SPY
1.00%
-2.26%
7.41%
28.30%
14.67%
13.46%
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MXISX vs. SPY - Expense Ratio Comparison
MXISX has a 0.56% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
MXISX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Great-West S&P Small Cap 600 Index Fund (MXISX) 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
MXISX vs. SPY - Dividend Comparison
MXISX's dividend yield for the trailing twelve months is around 0.02%, less than SPY's 1.19% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MXISX Great-West S&P Small Cap 600 Index Fund | 0.02% | 0.02% | 0.52% | 0.54% | 2.10% | 1.26% | 0.61% | 1.49% | 1.61% | 0.92% | 1.26% | 1.22% |
SPY SPDR S&P 500 ETF | 1.19% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
MXISX vs. SPY - Drawdown Comparison
The maximum MXISX drawdown since its inception was -53.77%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for MXISX and SPY. For additional features, visit the drawdowns tool.
Volatility
MXISX vs. SPY - Volatility Comparison
Great-West S&P Small Cap 600 Index Fund (MXISX) has a higher volatility of 7.32% compared to SPDR S&P 500 ETF (SPY) at 4.37%. This indicates that MXISX'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.