PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
MZTI vs. SPY
Performance
Return for Risk
Drawdowns
Volatility
Dividends

MZTI vs. SPY

Last updated Jun 25, 2026

MZTI (The Marzetti Company) is a stock, while SPY (State Street SPDR S&P 500 ETF) is S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, MZTI returned 0.97%/yr vs 15.53%/yr for SPY. At a 0.39 correlation, their price movements are largely independent.

Performance

MZTI vs. SPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in The Marzetti Company (MZTI) and State Street SPDR S&P 500 ETF (SPY). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, MZTI achieves a -30.47% return, which is significantly lower than SPY's 8.10% return. Over the past 10 years, MZTI has underperformed SPY with an annualized return of 0.97%, while SPY has yielded a comparatively higher 15.53% annualized return.

MZTI

1D
3.28%
1M
-1.19%
YTD
-30.47%
6M
-30.92%
1Y
-32.81%
3Y*
-15.60%
5Y*
-8.54%
10Y*
0.97%

SPY

1D
-0.05%
1M
-1.41%
YTD
8.10%
6M
6.77%
1Y
22.18%
3Y*
20.66%
5Y*
12.96%
10Y*
15.53%
*Multi-year figures are annualized to reflect compound growth (CAGR)

MZTI vs. SPY - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
MZTI
The Marzetti Company		-30.47%-2.93%6.10%-14.02%21.59%-8.26%16.75%-7.88%39.22%-6.99%
SPY
State Street SPDR S&P 500 ETF		8.10%17.72%24.89%26.18%-18.18%28.73%18.33%31.22%-4.57%21.71%

Correlation

The correlation between MZTI and SPY is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.11

Correlation (3Y)
Calculated over the trailing 3-year period

0.23

Correlation (5Y)
Calculated over the trailing 5-year period

0.24

Correlation (10Y)
Calculated over the trailing 10-year period

0.32

Correlation (All Time)
Calculated using the full available price history since Jan 29, 1993

0.39

Over the past year, the correlation between MZTI and SPY has dropped to 0.11 - well below their long-term average of 0.39, suggesting their price drivers have been diverging.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

The Marzetti Company

State Street SPDR S&P 500 ETF

Often compared with MZTI:
MZTI vs. SCHDMZTI vs. GRCMZTI vs. KMBMZTI vs. KOMZTI vs. ITWMZTI vs. PGMZTI vs. SWK
Often compared with SPY:
SPY vs. QQQSPY vs. VOOSPY vs. BRK-BSPY vs. RSPSPY vs. VTISPY vs. SCHDSPY vs. GLD

Return for Risk

MZTI vs. SPY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
MZTI
MZTI Risk / Return Rank: 66
Overall Rank
MZTI Sharpe Ratio Rank: 33
Sharpe Ratio Rank
MZTI Sortino Ratio Rank: 55
Sortino Ratio Rank
MZTI Omega Ratio Rank: 66
Omega Ratio Rank
MZTI Calmar Ratio Rank: 1414
Calmar Ratio Rank
MZTI Martin Ratio Rank: 44
Martin Ratio Rank
SPY
SPY Risk / Return Rank: 6060
Overall Rank
SPY Sharpe Ratio Rank: 5959
Sharpe Ratio Rank
SPY Sortino Ratio Rank: 5757
Sortino Ratio Rank
SPY Omega Ratio Rank: 5959
Omega Ratio Rank
SPY Calmar Ratio Rank: 5757
Calmar Ratio Rank
SPY Martin Ratio Rank: 6767
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MZTI vs. SPY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for The Marzetti Company (MZTI) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

MZTISPYDifference
Sharpe ratioReturn per unit of total volatility
-1.19
1.79

-2.98

Sortino ratioReturn per unit of downside risk
-1.73
2.45

-4.18

Omega ratioGain probability vs. loss probability

0.79

1.33

-0.53

Calmar ratioReturn relative to maximum drawdown

-0.76

2.51

-3.27

Martin ratioReturn relative to average drawdown

-1.67

11.15

-12.82

MZTI vs. SPY - Sharpe Ratio Comparison

The current MZTI Sharpe Ratio is -1.19, which is lower than the SPY Sharpe Ratio of 1.79. The chart below compares the historical Sharpe Ratios of MZTI and SPY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Drawdowns

MZTI vs. SPY - Drawdown Comparison

The maximum MZTI drawdown since its inception was -54.66%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for MZTI and SPY.

Loading charts...

Drawdown Indicators

MZTISPYDifference

Max Drawdown

Largest peak-to-trough decline

-54.66%

-55.19%

+0.53%

Max Drawdown (1Y)

Largest decline over 1 year

-43.14%

-8.88%

-34.26%

Max Drawdown (3Y)

Largest decline over 3 years

-46.85%

-18.76%

-28.09%

Max Drawdown (5Y)

Largest decline over 5 years

-48.59%

-24.50%

-24.09%

Max Drawdown (10Y)

Largest decline over 10 years

-48.59%

-33.72%

-14.87%

Current Drawdown

Current decline from peak

-44.74%

-3.22%

-41.52%

Average Drawdown

Average peak-to-trough decline

-11.69%

-9.03%

-2.66%

Ulcer Index

Depth and duration of drawdowns from previous peaks

19.71%

1.99%

+17.72%

Volatility

MZTI vs. SPY - Volatility Comparison

The Marzetti Company (MZTI) has a higher volatility of 8.75% compared to State Street SPDR S&P 500 ETF (SPY) at 4.85%. This indicates that MZTI'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.

Loading charts...

Volatility by Period

MZTISPYDifference

Volatility (1M)

Calculated over the trailing 1-month period

8.75%

4.85%

+3.90%

Volatility (6M)

Calculated over the trailing 6-month period

21.29%

9.81%

+11.48%

Volatility (1Y)

Calculated over the trailing 1-year period

27.65%

12.47%

+15.18%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

27.90%

17.15%

+10.75%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

27.78%

17.95%

+9.83%

Dividends

MZTI vs. SPY - Dividend Comparison

MZTI's dividend yield for the trailing twelve months is around 3.51%, more than SPY's 1.03% yield.

PositionTTM20252024202320222021202020192018201720162015
MZTI
The Marzetti Company		3.51%2.34%2.11%2.07%1.65%1.84%1.55%1.66%1.39%1.74%1.45%5.96%
SPY
State Street SPDR S&P 500 ETF		1.03%1.07%1.21%1.40%1.65%1.20%1.52%1.75%2.04%1.80%2.03%2.06%

Frequently Asked Questions

MZTI and SPY have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

MZTI has higher volatility (8.75%) compared to SPY (4.85%). In terms of maximum drawdown, MZTI dropped -54.66% vs SPY's -55.19%.

SPY currently has the higher Sharpe Ratio (1.79 vs -1.19), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

Portfolio Optimizer

Find the right allocation for MZTI and SPY

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer