MSCI vs SPY
Comparison between MSCI Inc (MSCI, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed MSCI, delivering a return of +13.3% compared to +5.1%
MSCI vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Market Cap / Net Assets
MSCI
$42B
Winner
SPY
$652B
Expense Ratio
MSCI
N/A
SPY
0.09%
Max Drawdown
MSCI
69.06%
Winner
SPY
56.47%
Sharpe Ratio
MSCI
0.27
Winner
SPY
2.07
5Y Beta
Winner
MSCI
0.73
SPY
1.00
Industry
MSCI
Financial Data & Stock Exchanges
SPY
N/A
P/E Ratio
MSCI
32.91
Winner
SPY
28.24
Forward P/E
MSCI
29.94
Winner
SPY
21.85
PEG Ratio
MSCI
1.57
SPY
N/A
Dividend Yield
MSCI
1.27%
SPY
N/A
5Y Dividends CAGR
Winner
MSCI
25.94%
SPY
5.43%
5Y EPS CAGR
MSCI
17.64%
Winner
SPY
25.79%
Debt to Equity
Winner
MSCI
-230.84%
SPY
22.35%
Free Cash Flow Yield
MSCI
3.68%
SPY
N/A
P/S Ratio
MSCI
13.21
Winner
SPY
3.55
P/B Ratio
MSCI
37.57
Winner
SPY
5.29
MSCI vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
MSCI
+5.12%
Winner
SPY
+9.11%
3M
MSCI
+5.06%
Winner
SPY
+6.59%
6M
MSCI
+1.15%
Winner
SPY
+10.56%
1Y
MSCI
+6.34%
Winner
SPY
+32.04%
5Y(CAGR)
MSCI
+5.07%
Winner
SPY
+13.35%
10Y(CAGR)
Winner
MSCI
+23.94%
SPY
+15.49%
Max(CAGR)
Winner
MSCI
+19.16%
SPY
+8.50%
MSCI vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | MSCI | SPY |
|---|---|---|
| 2026 | +3.97% | +8.27% |
| 2025 | -2.69% | +18.00% |
| 2024 | +9.21% | +25.59% |
| 2023 | +23.97% | +26.72% |
| 2022 | -21.13% | -18.64% |
| 2021 | +40.95% | +30.52% |
| 2020 | +69.23% | +17.28% |
| 2019 | +77.76% | +31.09% |
| 2018 | +16.88% | -5.24% |
| 2017 | +62.75% | +20.78% |
| 2016 | +12.99% | +13.59% |
| 2015 | +53.19% | +1.31% |
| 2014 | +10.40% | +14.56% |
| 2013 | +36.07% | +29.00% |
| 2012 | -5.55% | +14.17% |
| 2011 | -16.53% | +0.85% |
| 2010 | +21.83% | +13.14% |
| 2009 | +70.51% | +22.67% |
| 2008 | -47.53% | -36.25% |
| 2007 | +47.13% | +5.32% |
| 2006 | N/A | +13.85% |
| 2005 | N/A | +5.32% |
| 2004 | N/A | +10.75% |
| 2003 | N/A | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
MSCI vs SPY Drawdown Comparison
The maximum drawdown for MSCI was -69.06%, occurring on Nov 20, 2008. Recovery took 750 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current MSCI drawdown is -8.97%.
| Rank | MSCI | SPY |
|---|---|---|
| #1 | -69.06% Dec 31, 2007 - Dec 21, 2010 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -43.74% Nov 16, 2021 - May 9, 2022 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -36.06% Dec 27, 2010 - Sep 16, 2013 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -32.21% Feb 19, 2020 - Apr 27, 2020 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -25.58% Sep 4, 2018 - Feb 28, 2019 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -14.93% Jul 31, 2015 - Nov 2, 2015 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -14.85% Jul 18, 2019 - Nov 1, 2019 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -14.11% Aug 31, 2016 - Feb 3, 2017 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -13.71% Jul 27, 2020 - Nov 4, 2020 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -13.50% May 18, 2020 - Jul 6, 2020 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -13.49% Sep 18, 2014 - Nov 24, 2014 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -13.30% Dec 29, 2015 - Feb 22, 2016 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -13.21% Jan 12, 2021 - Apr 12, 2021 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -12.38% Mar 12, 2014 - Jul 1, 2014 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -11.20% Sep 24, 2021 - Oct 29, 2021 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between MSCI and SPY is 0.95 which considered as a very strong positive correlation - the stocks move almost identically together.
0.95
-101
Dividend Comparison (1999 - 2026)
MSCI vs SPY dividend yield comparison.
| Year | MSCI | SPY |
|---|---|---|
| 2026 | 0.35% | 0.24% |
| 2025 | 1.25% | 1.07% |
| 2024 | 1.07% | 1.21% |
| 2023 | 0.98% | 1.40% |
| 2022 | 0.98% | 1.65% |
| 2021 | 0.59% | 1.20% |
| 2020 | 0.65% | 1.52% |
| 2019 | 0.98% | 1.75% |
| 2018 | 1.30% | 2.04% |
| 2017 | 1.04% | 1.80% |
| 2016 | 1.27% | 2.03% |
| 2015 | 1.11% | 2.06% |
| 2014 | 0.38% | 1.87% |
| 2013 | 0.00% | 1.81% |
| 2012 | 0.00% | 2.18% |
| 2011 | 0.00% | 2.05% |
| 2010 | 0.00% | 1.80% |
| 2009 | 0.00% | 1.95% |
| 2008 | 0.00% | 3.02% |
| 2007 | 0.00% | 1.85% |
| 2006 | 0.00% | 1.73% |
| 2005 | 0.00% | 1.73% |
| 2004 | 0.00% | 1.82% |
| 2003 | 0.00% | 1.47% |
| 2002 | 0.00% | 1.70% |
| 2001 | 0.00% | 1.25% |
| 2000 | 0.00% | 1.15% |
| 1999 | 0.00% | 0.24% |
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