Correlation
The correlation between OTCAX and SPY is 0.83, 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.
OTCAX vs. SPY
Compare and contrast key facts about MFS Mid Cap Growth Fund (OTCAX) and SPDR S&P 500 ETF (SPY).
OTCAX is managed by MFS. 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: OTCAX or SPY.
Performance
OTCAX vs. SPY - Performance Comparison
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Key characteristics
OTCAX:
0.34
SPY:
0.64
OTCAX:
0.62
SPY:
1.04
OTCAX:
1.08
SPY:
1.15
OTCAX:
0.34
SPY:
0.69
OTCAX:
1.13
SPY:
2.64
OTCAX:
6.60%
SPY:
4.91%
OTCAX:
21.97%
SPY:
20.47%
OTCAX:
-73.07%
SPY:
-55.19%
OTCAX:
-4.46%
SPY:
-3.26%
Returns By Period
In the year-to-date period, OTCAX achieves a 3.09% return, which is significantly higher than SPY's 1.17% return. Over the past 10 years, OTCAX has underperformed SPY with an annualized return of 10.81%, while SPY has yielded a comparatively higher 12.78% annualized return.
OTCAX
3.09%
8.58%
-3.22%
7.47%
10.38%
8.91%
10.81%
SPY
1.17%
7.36%
-0.95%
13.08%
14.15%
15.98%
12.78%
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OTCAX vs. SPY - Expense Ratio Comparison
OTCAX has a 1.00% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
OTCAX vs. SPY — Risk-Adjusted Performance Rank
OTCAX
SPY
OTCAX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MFS Mid Cap Growth Fund (OTCAX) 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.
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Dividends
OTCAX vs. SPY - Dividend Comparison
OTCAX's dividend yield for the trailing twelve months is around 7.56%, more than SPY's 1.21% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OTCAX MFS Mid Cap Growth Fund | 7.56% | 7.80% | 0.00% | 0.00% | 3.64% | 0.83% | 0.86% | 4.70% | 8.80% | 5.67% | 2.84% | 7.09% |
SPY SPDR S&P 500 ETF | 1.21% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
OTCAX vs. SPY - Drawdown Comparison
The maximum OTCAX drawdown since its inception was -73.07%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for OTCAX and SPY.
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Volatility
OTCAX vs. SPY - Volatility Comparison
The current volatility for MFS Mid Cap Growth Fund (OTCAX) is 4.23%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.78%. This indicates that OTCAX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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