MGF vs SPYC

Comparison between MFS Government Markets Income Trust (MGF, ETF) and SIMPLIFY US EQUITY PLUS CONVEXITY ETF (SPYC, ETF).

5-Year PerformanceSPYC has outperformed MGF, delivering a return of +9.3% compared to -1.2%

MGF vs SPYC - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	MGF(ETF)	SPYC(ETF)
Net Assets	$100M	$100M
Expense Ratio	N/A	0.53%
Max Drawdown	64.59%	29.33%
Sharpe Ratio	-0.31	0.68
5Y Beta	0.04	1.24
5Y Dividends CAGR	-7.75%	34.79%

Net Assets

Winner

MGF

$100M

SPYC

$100M

Expense Ratio

MGF

N/A

SPYC

0.53%

Max Drawdown

MGF

64.59%

Winner

SPYC

29.33%

Sharpe Ratio

MGF

-0.31

Winner

SPYC

0.68

5Y Beta

Winner

MGF

0.04

SPYC

1.24

5Y Dividends CAGR

MGF

-7.75%

Winner

SPYC

34.79%

MGF vs SPYC - Historical Returns

Returns include dividend reinvestment.

Period	MGF	SPYC
1 month	-0.05%	+2.23%
3 months	-2.19%	+7.73%
6 months	-3.89%	+4.11%
1 year	-0.57%	+15.21%
5 years(CAGR)	-1.20%	+9.35%
10 years(CAGR)	+1.30%	N/A
Max(CAGR)	+4.15%	+12.12%

MGF

-0.05%

Winner

SPYC

+2.23%

MGF

-2.19%

Winner

SPYC

+7.73%

MGF

-3.89%

Winner

SPYC

+4.11%

MGF

-0.57%

Winner

SPYC

+15.21%

5Y(CAGR)

MGF

-1.20%

Winner

SPYC

+9.35%

10Y(CAGR)

MGF

+1.30%

SPYC

N/A

Max(CAGR)

MGF

+4.15%

Winner

SPYC

+12.12%

MGF vs SPYC - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	MGF	SPYC
2026	-2.91%	+5.06%
2025	+5.18%	+16.03%
2024	+4.18%	+23.46%
2023	+3.78%	+24.21%
2022	-15.17%	-25.63%
2021	+0.65%	+31.23%
2020	+7.32%	+9.10%
2019	+9.81%	N/A
2018	-0.14%	N/A
2017	+3.45%	N/A
2016	+2.52%	N/A
2015	-0.31%	N/A
2014	+6.04%	N/A
2013	-10.52%	N/A
2012	+5.17%	N/A
2011	+10.17%	N/A
2010	-0.19%	N/A
2009	+0.72%	N/A
2008	+26.75%	N/A
2007	+9.08%	N/A
2006	+6.49%	N/A
2005	+2.69%	N/A
2004	+3.30%	N/A
2003	+2.74%	N/A
2002	+15.23%	N/A
2001	+6.43%	N/A
2000	+17.98%	N/A
1999	-4.21%	N/A

MGF vs SPYC 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 SPYC was -28.51%, occurring on Oct 14, 2022. Recovery took 547 trading sessions.

The current MGF drawdown is -7.75%. The current SPYC drawdown is -3.15%.

Rank	MGF	SPYC
#1	-22.85% Sep 17, 2021 - Oct 24, 2022	-28.51% Dec 27, 2021 - Mar 1, 2024
#2	-21.63% Sep 8, 2008 - Nov 28, 2008	-22.81% Dec 4, 2024 - May 16, 2025
#3	-19.20% Sep 5, 2012 - Aug 18, 2016	-13.47% Oct 28, 2025 - May 6, 2026
#4	-15.76% Dec 23, 2008 - Aug 21, 2009	-11.39% Jul 16, 2024 - Nov 6, 2024
#5	-15.30% Aug 23, 2010 - Jan 13, 2012	-7.96% Oct 12, 2020 - Nov 9, 2020
#6	-9.35% Mar 9, 2020 - Apr 13, 2020	-7.24% Mar 28, 2024 - May 15, 2024
#7	-9.12% Sep 23, 2009 - Mar 10, 2010	-6.09% Sep 3, 2021 - Oct 25, 2021
#8	-8.88% Mar 19, 2004 - Jan 18, 2005	-5.73% Jul 3, 2025 - Sep 11, 2025
#9	-8.02% May 27, 2008 - Sep 8, 2008	-5.71% Sep 4, 2020 - Oct 7, 2020
#10	-7.46% Mar 16, 2010 - Jun 7, 2010	-5.09% Feb 17, 2021 - Mar 15, 2021
#11	-7.25% May 23, 2003 - Feb 12, 2004	-4.91% Apr 27, 2021 - Jun 28, 2021
#12	-6.95% Aug 18, 2016 - Jan 31, 2019	-4.46% May 19, 2025 - Jun 26, 2025
#13	-6.19% Nov 14, 2007 - Jan 15, 2008	-4.25% Nov 18, 2021 - Dec 10, 2021
#14	-6.19% Nov 3, 1999 - Apr 10, 2000	-4.22% Dec 10, 2021 - Dec 23, 2021
#15	-6.15% Nov 2, 2001 - Feb 11, 2002	-3.84% Nov 8, 2024 - Nov 26, 2024

Correlation

Correlation between MGF and SPYC is 0.32 which considered as a weak positive correlation - the stocks show a slight tendency to move together.

0.32

-101

Dividend Comparison (2000 - 2026)

MGF vs SPYC dividend yield comparison.

Year	MGF	SPYC
2026	3.34%	0.22%
2025	7.65%	0.89%
2024	7.80%	1.02%
2023	7.82%	1.76%
2022	8.44%	1.34%
2021	7.71%	1.01%
2020	7.58%	0.40%
2019	7.50%	0.00%
2018	7.81%	0.00%
2017	7.92%	0.00%
2016	8.10%	0.00%
2015	8.05%	0.00%
2014	7.85%	0.00%
2013	8.24%	0.00%
2012	7.37%	0.00%
2011	7.33%	0.00%
2010	7.69%	0.00%
2009	6.96%	0.00%
2008	6.57%	0.00%
2007	5.92%	0.00%
2006	5.43%	0.00%
2005	5.00%	0.00%
2004	4.86%	0.00%
2003	5.25%	0.00%
2002	6.10%	0.00%
2001	6.50%	0.00%
2000	3.05%	0.00%