ALE vs SPY
Comparison between ALLETE, Inc. (ALE, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed ALE, delivering a return of +13.9% compared to +3.1%
ALE vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
ALE vs SPY - Historical Returns
Returns include dividend reinvestment.
ALE vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | ALE | SPY |
|---|---|---|
| 2026 | +0.00% | +9.02% |
| 2025 | +8.18% | +18.00% |
| 2024 | +8.85% | +25.59% |
| 2023 | -1.62% | +26.72% |
| 2022 | +1.27% | -18.64% |
| 2021 | +11.92% | +30.52% |
| 2020 | -19.81% | +17.28% |
| 2019 | +13.71% | +31.09% |
| 2018 | +6.41% | -5.24% |
| 2017 | +20.35% | +20.78% |
| 2016 | +33.87% | +13.59% |
| 2015 | -4.59% | +1.31% |
| 2014 | +16.73% | +14.56% |
| 2013 | +22.93% | +29.00% |
| 2012 | +4.37% | +14.17% |
| 2011 | +16.34% | +0.85% |
| 2010 | +18.89% | +13.14% |
| 2009 | +6.66% | +22.67% |
| 2008 | -12.20% | -36.25% |
| 2007 | -12.13% | +5.32% |
| 2006 | +5.41% | +13.85% |
| 2005 | +24.22% | +5.32% |
| 2004 | +24.41% | +10.75% |
| 2003 | +38.15% | +24.18% |
| 2002 | -7.76% | -22.42% |
| 2001 | +11.58% | -10.13% |
| 2000 | +61.13% | -8.84% |
| 1999 | -7.48% | +8.61% |
ALE vs SPY Drawdown Comparison
The maximum drawdown for ALE was -48.82%, occurring on Mar 5, 2009. Recovery took 1056 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current ALE drawdown is -0.82%. The current SPY drawdown is -0.73%.
| Rank | ALE | SPY |
|---|---|---|
| #1 | -48.82% Apr 25, 2007 - Jul 1, 2011 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -42.20% Sep 25, 2019 - May 15, 2020 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -37.23% May 2, 2002 - Oct 24, 2003 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -26.84% Jun 10, 2004 - Nov 12, 2004 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -21.32% Jan 27, 2015 - Mar 10, 2016 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -20.22% Sep 4, 2001 - Jan 30, 2002 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -19.20% Nov 5, 1999 - Apr 25, 2000 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -18.63% Dec 28, 2000 - Mar 30, 2001 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -18.57% Jul 11, 2005 - Feb 6, 2007 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -15.85% Nov 30, 2017 - Jul 5, 2018 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -14.65% Sep 11, 2000 - Dec 8, 2000 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -13.60% Mar 31, 2014 - Oct 30, 2014 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -13.49% Jul 21, 2011 - Dec 22, 2011 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -13.45% Jun 28, 2000 - Jul 10, 2000 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -13.40% Jul 30, 2013 - Mar 25, 2014 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between ALE and SPY is 0.86 which considered as a strong positive correlation - the stocks tend to move together.
Dividend Comparison (1999 - 2026)
ALE vs SPY dividend yield comparison.
| Year | ALE | SPY |
|---|---|---|
| 2026 | 0.00% | 0.24% |
| 2025 | 3.23% | 1.07% |
| 2024 | 4.35% | 1.21% |
| 2023 | 4.43% | 1.40% |
| 2022 | 4.03% | 1.65% |
| 2021 | 3.80% | 1.20% |
| 2020 | 3.99% | 1.52% |
| 2019 | 2.90% | 1.75% |
| 2018 | 2.94% | 2.04% |
| 2017 | 2.88% | 1.80% |
| 2016 | 3.24% | 2.03% |
| 2015 | 3.97% | 2.06% |
| 2014 | 3.55% | 1.87% |
| 2013 | 3.81% | 1.81% |
| 2012 | 4.49% | 2.18% |
| 2011 | 4.24% | 2.05% |
| 2010 | 4.72% | 1.80% |
| 2009 | 5.39% | 1.95% |
| 2008 | 5.33% | 3.02% |
| 2007 | 4.14% | 1.85% |
| 2006 | 3.12% | 1.73% |
| 2005 | 2.83% | 1.73% |
| 2004 | 3.12% | 1.82% |
| 2003 | 3.69% | 1.47% |
| 2002 | 4.85% | 1.70% |
| 2001 | 4.25% | 1.25% |
| 2000 | 4.32% | 1.15% |
| 1999 | 0.00% | 0.24% |
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