MXXIX vs. SPY
Compare and contrast key facts about Marsico Midcap Growth Focus Fund (MXXIX) and State Street SPDR S&P 500 ETF (SPY).
MXXIX is managed by Marsico Investment Fund. It was launched on Feb 1, 2000. 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.
Performance
MXXIX vs. SPY - Performance Comparison
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MXXIX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MXXIX Marsico Midcap Growth Focus Fund | -0.48% | 26.09% | 42.95% | 21.71% | -31.84% | 12.04% | 45.34% | 29.88% | 1.76% | 30.05% |
SPY State Street SPDR S&P 500 ETF | -3.65% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, MXXIX achieves a -0.48% return, which is significantly higher than SPY's -3.65% return. Over the past 10 years, MXXIX has outperformed SPY with an annualized return of 15.57%, while SPY has yielded a comparatively lower 14.06% annualized return.
MXXIX
- 1D
- 4.08%
- 1M
- -8.46%
- YTD
- -0.48%
- 6M
- -0.73%
- 1Y
- 27.74%
- 3Y*
- 26.85%
- 5Y*
- 9.79%
- 10Y*
- 15.57%
SPY
- 1D
- 0.75%
- 1M
- -4.28%
- YTD
- -3.65%
- 6M
- -1.42%
- 1Y
- 18.14%
- 3Y*
- 18.48%
- 5Y*
- 11.86%
- 10Y*
- 14.06%
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MXXIX vs. SPY - Expense Ratio Comparison
MXXIX has a 1.33% expense ratio, which is higher than SPY's 0.09% expense ratio.
Return for Risk
MXXIX vs. SPY — Risk / Return Rank
MXXIX
SPY
MXXIX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Marsico Midcap Growth Focus Fund (MXXIX) and State Street 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.
| MXXIX | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.28 | 0.96 | +0.33 |
Sortino ratioReturn per unit of downside risk | 1.88 | 1.49 | +0.39 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.23 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 2.20 | 1.53 | +0.67 |
Martin ratioReturn relative to average drawdown | 8.23 | 7.27 | +0.97 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MXXIX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.28 | 0.96 | +0.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.43 | 0.70 | -0.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.72 | 0.79 | -0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.56 | -0.17 |
Correlation
The correlation between MXXIX and SPY is 0.87, 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.
Dividends
MXXIX vs. SPY - Dividend Comparison
MXXIX's dividend yield for the trailing twelve months is around 12.01%, more than SPY's 1.13% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MXXIX Marsico Midcap Growth Focus Fund | 12.01% | 11.95% | 9.18% | 1.24% | 0.00% | 14.22% | 2.83% | 3.26% | 5.37% | 0.00% | 0.00% | 0.00% |
SPY State Street SPDR S&P 500 ETF | 1.13% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
MXXIX vs. SPY - Drawdown Comparison
The maximum MXXIX drawdown since its inception was -62.49%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for MXXIX and SPY.
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Drawdown Indicators
| MXXIX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.49% | -55.19% | -7.30% |
Max Drawdown (1Y)Largest decline over 1 year | -13.07% | -12.05% | -1.02% |
Max Drawdown (5Y)Largest decline over 5 years | -40.59% | -24.50% | -16.09% |
Max Drawdown (10Y)Largest decline over 10 years | -40.59% | -33.72% | -6.87% |
Current DrawdownCurrent decline from peak | -9.52% | -5.53% | -3.99% |
Average DrawdownAverage peak-to-trough decline | -18.47% | -9.09% | -9.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.50% | 2.54% | +0.96% |
Volatility
MXXIX vs. SPY - Volatility Comparison
Marsico Midcap Growth Focus Fund (MXXIX) has a higher volatility of 9.13% compared to State Street SPDR S&P 500 ETF (SPY) at 5.35%. This indicates that MXXIX'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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Volatility by Period
| MXXIX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.13% | 5.35% | +3.78% |
Volatility (6M)Calculated over the trailing 6-month period | 14.72% | 9.50% | +5.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.74% | 19.06% | +3.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.67% | 17.06% | +5.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.67% | 17.92% | +3.75% |