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MSEX vs SPY

Comparison between Middlesex Water Company (MSEX, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceSPY has outperformed MSEX, delivering a return of +13.4% compared to -7.6%

MSEX vs SPY - Performance Comparison

Key Characteristics

Financial metrics and valuation ratios

Market Cap / Net Assets
MSEX
$998M
Winner
SPY
$784B
Expense Ratio
MSEX
N/A
SPY
0.09%
Max Drawdown
MSEX
61.90%
Winner
SPY
56.47%
Sharpe Ratio
MSEX
-0.18
Winner
SPY
1.56
5Y Beta
Winner
MSEX
-0.03
SPY
1.00
Industry
MSEX
Utilities - Regulated Water
SPY
N/A
P/E Ratio
Winner
MSEX
22.33
SPY
28.29
Forward P/E
MSEX
28.57
Winner
SPY
21.75
PEG Ratio
MSEX
18.45
SPY
N/A
Dividend Yield
MSEX
2.61%
SPY
N/A
5Y Dividends CAGR
Winner
MSEX
10.38%
SPY
5.43%
5Y EPS CAGR
MSEX
1.92%
Winner
SPY
25.98%
Debt to Equity
MSEX
75.71%
Winner
SPY
30.79%
Free Cash Flow Yield
MSEX
6.07%
SPY
N/A
P/S Ratio
MSEX
5.04
Winner
SPY
3.79
P/B Ratio
Winner
MSEX
2.00
SPY
5.67

MSEX vs SPY - Historical Returns

Returns include dividend reinvestment.

1M
Winner
MSEX
+2.68%
SPY
+0.48%
3M
MSEX
+2.66%
Winner
SPY
+11.67%
6M
MSEX
+1.17%
Winner
SPY
+9.42%
1Y
MSEX
-4.69%
Winner
SPY
+24.27%
5Y(CAGR)
MSEX
-7.62%
Winner
SPY
+13.36%
10Y(CAGR)
MSEX
+5.14%
Winner
SPY
+15.42%
Max(CAGR)
MSEX
+7.95%
Winner
SPY
+8.49%

MSEX vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

YearMSEXSPY
2026+6.77%+8.88%
2025+0.70%+18.00%
2024-16.86%+25.59%
2023-16.67%+26.72%
2022-33.11%-18.64%
2021+71.90%+30.52%
2020+18.30%+17.28%
2019+24.64%+31.09%
2018+39.40%-5.24%
2017-1.19%+20.78%
2016+68.18%+13.59%
2015+20.07%+1.31%
2014+16.28%+14.56%
2013+8.61%+29.00%
2012+7.82%+14.17%
2011+4.70%+0.85%
2010+6.79%+13.14%
2009+6.64%+22.67%
2008-4.65%-36.25%
2007+4.85%+5.32%
2006+10.48%+13.85%
2005-4.36%+5.32%
2004-4.50%+10.75%
2003+30.48%+24.18%
2002-4.97%-22.42%
2001+10.20%-10.13%
2000+11.93%-8.84%
1999+2.54%+8.61%

MSEX vs SPY Drawdown Comparison

The maximum drawdown for MSEX was -60.52%, occurring on Apr 16, 2024. 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 MSEX drawdown is -51.79%. The current SPY drawdown is -2.35%.

RankMSEXSPY
#1-60.52%
Dec 31, 2021 - Apr 16, 2024		-55.20%
Oct 9, 2007 - Aug 16, 2012
#2-41.83%
Jul 28, 2005 - Dec 14, 2010		-47.50%
Mar 24, 2000 - Oct 26, 2006
#3-28.80%
Feb 18, 2020 - Jun 3, 2020		-33.70%
Feb 19, 2020 - Aug 10, 2020
#4-25.61%
Nov 24, 1999 - Dec 22, 2000		-24.50%
Jan 3, 2022 - Dec 13, 2023
#5-25.15%
Nov 29, 2017 - Jul 19, 2018		-19.34%
Sep 20, 2018 - Apr 12, 2019
#6-24.96%
May 3, 2002 - Jul 15, 2003		-18.76%
Feb 19, 2025 - Jun 26, 2025
#7-23.96%
Dec 12, 2016 - Oct 11, 2017		-13.02%
Jul 20, 2015 - Apr 18, 2016
#8-23.95%
Jul 5, 2016 - Dec 8, 2016		-10.10%
Jan 26, 2018 - Aug 6, 2018
#9-21.90%
Apr 12, 2004 - Jul 12, 2005		-9.44%
Sep 2, 2020 - Nov 11, 2020
#10-20.49%
Feb 8, 2021 - May 25, 2021		-9.30%
Jan 19, 2000 - Mar 17, 2000
#11-15.93%
Dec 14, 2018 - Feb 22, 2019		-9.05%
Jul 19, 2007 - Oct 5, 2007
#12-15.16%
Jun 15, 2020 - Nov 10, 2020		-8.88%
Jan 27, 2026 - Apr 14, 2026
#13-14.88%
Jul 29, 2003 - Nov 12, 2003		-8.41%
Jul 16, 2024 - Sep 19, 2024
#14-12.71%
Sep 8, 2021 - Dec 29, 2021		-7.35%
Sep 14, 2012 - Jan 2, 2013
#15-12.58%
Jun 7, 2001 - Jan 17, 2002		-7.27%
Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between MSEX and SPY is 0.82 which considered as a strong positive correlation - the stocks tend to move together.

0.82
-101

Dividend Comparison (1999 - 2026)

MSEX vs SPY dividend yield comparison.

YearMSEXSPY
20261.36%0.24%
20252.74%1.07%
20242.50%1.21%
20231.92%1.40%
20221.50%1.65%
20211.16%1.20%
20201.44%1.52%
20191.54%1.75%
20181.71%2.04%
20172.15%1.80%
20161.88%2.03%
20152.93%2.06%
20143.31%1.87%
20133.59%1.81%
20123.80%2.18%
20113.93%2.05%
20103.94%1.80%
20094.04%1.95%
20084.08%3.02%
20073.65%1.85%
20063.64%1.73%
20053.88%1.73%
20043.50%1.82%
20032.99%1.47%
20024.03%1.70%
20013.67%1.25%
20003.63%1.15%
19990.95%0.24%

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