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MGF vs SPY

Comparison between MFS Government Markets Income Trust (MGF, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceSPY has outperformed MGF, delivering a return of +13.3% compared to -1.2%

MGF vs SPY - Performance Comparison

Key Characteristics

Financial metrics and valuation ratios

Net Assets
MGF
$100M
Winner
SPY
$735B
Expense Ratio
MGF
N/A
SPY
0.09%
Max Drawdown
MGF
64.59%
Winner
SPY
56.47%
Sharpe Ratio
MGF
-0.31
Winner
SPY
1.62
5Y Beta
Winner
MGF
0.04
SPY
1.00
P/E Ratio
MGF
N/A
SPY
28.99
Forward P/E
MGF
N/A
SPY
22.37
5Y Dividends CAGR
MGF
-7.75%
Winner
SPY
5.43%
5Y EPS CAGR
MGF
N/A
SPY
26.05%
Debt to Equity
MGF
N/A
SPY
32.40%
P/S Ratio
MGF
N/A
SPY
3.74
P/B Ratio
MGF
N/A
SPY
5.61

MGF vs SPY - Historical Returns

Returns include dividend reinvestment.

1M
MGF
-0.05%
Winner
SPY
+1.90%
3M
MGF
-2.19%
Winner
SPY
+8.55%
6M
MGF
-3.89%
Winner
SPY
+8.18%
1Y
MGF
-0.57%
Winner
SPY
+25.79%
5Y(CAGR)
MGF
-1.20%
Winner
SPY
+13.32%
10Y(CAGR)
MGF
+1.30%
Winner
SPY
+15.19%
Max(CAGR)
MGF
+4.15%
Winner
SPY
+8.47%

MGF vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

YearMGFSPY
2026-2.91%+8.26%
2025+5.18%+18.00%
2024+4.18%+25.59%
2023+3.78%+26.72%
2022-15.17%-18.64%
2021+0.65%+30.52%
2020+7.32%+17.28%
2019+9.81%+31.09%
2018-0.14%-5.24%
2017+3.45%+20.78%
2016+2.52%+13.59%
2015-0.31%+1.31%
2014+6.04%+14.56%
2013-10.52%+29.00%
2012+5.17%+14.17%
2011+10.17%+0.85%
2010-0.19%+13.14%
2009+0.72%+22.67%
2008+26.75%-36.25%
2007+9.08%+5.32%
2006+6.49%+13.85%
2005+2.69%+5.32%
2004+3.30%+10.75%
2003+2.74%+24.18%
2002+15.23%-22.42%
2001+6.43%-10.13%
2000+17.98%-8.84%
1999-4.21%+8.61%

MGF vs SPY Drawdown Comparison

The maximum drawdown for MGF was -22.85%, occurring on Oct 24, 2022. This drawdown has not yet recovered.

The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.

The current MGF drawdown is -7.75%. The current SPY drawdown is -2.90%.

RankMGFSPY
#1-22.85%
Sep 17, 2021 - Oct 24, 2022		-55.20%
Oct 9, 2007 - Aug 16, 2012
#2-21.63%
Sep 8, 2008 - Nov 28, 2008		-47.50%
Mar 24, 2000 - Oct 26, 2006
#3-19.20%
Sep 5, 2012 - Aug 18, 2016		-33.70%
Feb 19, 2020 - Aug 10, 2020
#4-15.76%
Dec 23, 2008 - Aug 21, 2009		-24.50%
Jan 3, 2022 - Dec 13, 2023
#5-15.30%
Aug 23, 2010 - Jan 13, 2012		-19.34%
Sep 20, 2018 - Apr 12, 2019
#6-9.35%
Mar 9, 2020 - Apr 13, 2020		-18.76%
Feb 19, 2025 - Jun 26, 2025
#7-9.12%
Sep 23, 2009 - Mar 10, 2010		-13.02%
Jul 20, 2015 - Apr 18, 2016
#8-8.88%
Mar 19, 2004 - Jan 18, 2005		-10.10%
Jan 26, 2018 - Aug 6, 2018
#9-8.02%
May 27, 2008 - Sep 8, 2008		-9.44%
Sep 2, 2020 - Nov 11, 2020
#10-7.46%
Mar 16, 2010 - Jun 7, 2010		-9.30%
Jan 19, 2000 - Mar 17, 2000
#11-7.25%
May 23, 2003 - Feb 12, 2004		-9.05%
Jul 19, 2007 - Oct 5, 2007
#12-6.95%
Aug 18, 2016 - Jan 31, 2019		-8.88%
Jan 27, 2026 - Apr 14, 2026
#13-6.19%
Nov 14, 2007 - Jan 15, 2008		-8.41%
Jul 16, 2024 - Sep 19, 2024
#14-6.19%
Nov 3, 1999 - Apr 10, 2000		-7.35%
Sep 14, 2012 - Jan 2, 2013
#15-6.15%
Nov 2, 2001 - Feb 11, 2002		-7.27%
Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between MGF and SPY is 0.74 which considered as a strong positive correlation - the stocks tend to move together.

0.74
-101

Dividend Comparison (1999 - 2026)

MGF vs SPY dividend yield comparison.

YearMGFSPY
20263.34%0.24%
20257.65%1.07%
20247.80%1.21%
20237.82%1.40%
20228.44%1.65%
20217.71%1.20%
20207.58%1.52%
20197.50%1.75%
20187.81%2.04%
20177.92%1.80%
20168.10%2.03%
20158.05%2.06%
20147.85%1.87%
20138.24%1.81%
20127.37%2.18%
20117.33%2.05%
20107.69%1.80%
20096.96%1.95%
20086.57%3.02%
20075.92%1.85%
20065.43%1.73%
20055.00%1.73%
20044.86%1.82%
20035.25%1.47%
20026.10%1.70%
20016.50%1.25%
20003.05%1.15%
19990.00%0.24%

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