ASO vs SPY

Comparison between Academy Sports and Outdoors Inc (ASO, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceSPY has outperformed ASO, delivering a return of +14.0% compared to +10.0%

ASO vs SPY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	ASO(COMPANY)	SPY(ETF)
Market Cap / Net Assets	$3.29B	$735B
Expense Ratio	N/A	0.09%
Max Drawdown	54.63%	56.47%
Sharpe Ratio	0.66	1.91
5Y Beta	1.39	1.00
Industry	Specialty Retail	N/A
P/E Ratio	8.87	28.68
Forward P/E	8.18	22.19
PEG Ratio	0.04	N/A
Dividend Yield	1.10%	N/A
5Y Dividends CAGR	N/A	5.43%
5Y EPS CAGR	8.16%	26.37%
Debt to Equity	22.28%	34.04%
Free Cash Flow Yield	6.76%	N/A
P/S Ratio	0.54	3.76
P/B Ratio	1.50	5.55

Market Cap / Net Assets

ASO

$3.29B

Winner

SPY

$735B

Expense Ratio

ASO

N/A

SPY

0.09%

Max Drawdown

Winner

ASO

54.63%

SPY

56.47%

Sharpe Ratio

ASO

0.66

Winner

SPY

1.91

5Y Beta

ASO

1.39

Winner

SPY

1.00

Industry

ASO

Specialty Retail

SPY

N/A

P/E Ratio

Winner

ASO

8.87

SPY

28.68

Forward P/E

Winner

ASO

8.18

SPY

22.19

PEG Ratio

ASO

0.04

SPY

N/A

Dividend Yield

ASO

1.10%

SPY

N/A

5Y Dividends CAGR

ASO

N/A

SPY

5.43%

5Y EPS CAGR

ASO

8.16%

Winner

SPY

26.37%

Debt to Equity

Winner

ASO

22.28%

SPY

34.04%

Free Cash Flow Yield

ASO

6.76%

SPY

N/A

P/S Ratio

Winner

ASO

0.54

SPY

3.76

P/B Ratio

Winner

ASO

1.50

SPY

5.55

ASO vs SPY - Historical Returns

Returns include dividend reinvestment.

Period	ASO	SPY
1 month	-9.82%	+4.84%
3 months	-10.56%	+9.57%
6 months	+19.45%	+13.79%
1 year	+26.48%	+29.34%
5 years(CAGR)	+9.99%	+13.98%
10 years(CAGR)	N/A	+15.66%
Max(CAGR)	+28.93%	+8.53%

ASO

-9.82%

Winner

SPY

+4.84%

ASO

-10.56%

Winner

SPY

+9.57%

Winner

ASO

+19.45%

SPY

+13.79%

ASO

+26.48%

Winner

SPY

+29.34%

5Y(CAGR)

ASO

+9.99%

Winner

SPY

+13.98%

10Y(CAGR)

ASO

N/A

SPY

+15.66%

Max(CAGR)

Winner

ASO

+28.93%

SPY

+8.53%

ASO vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	ASO	SPY
2026	+1.00%	+9.45%
2025	-10.70%	+18.00%
2024	-14.03%	+25.59%
2023	+30.84%	+26.72%
2022	+19.71%	-18.64%
2021	+107.17%	+30.52%
2020	+59.58%	+17.28%
2019	N/A	+31.09%
2018	N/A	-5.24%
2017	N/A	+20.78%
2016	N/A	+13.59%
2015	N/A	+1.31%
2014	N/A	+14.56%
2013	N/A	+29.00%
2012	N/A	+14.17%
2011	N/A	+0.85%
2010	N/A	+13.14%
2009	N/A	+22.67%
2008	N/A	-36.25%
2007	N/A	+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%

ASO vs SPY Drawdown Comparison

The maximum drawdown for ASO was -54.17%, occurring on Apr 8, 2025. 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 ASO drawdown is -28.64%. The current SPY drawdown is -0.34%.

Rank	ASO	SPY
#1	-54.17% Mar 1, 2024 - Apr 8, 2025	-55.20% Oct 9, 2007 - Aug 16, 2012
#2	-44.82% Nov 19, 2021 - Sep 12, 2022	-47.50% Mar 24, 2000 - Oct 26, 2006
#3	-36.41% Apr 24, 2023 - Feb 9, 2024	-33.70% Feb 19, 2020 - Aug 10, 2020
#4	-19.92% Jun 25, 2021 - Aug 26, 2021	-24.50% Jan 3, 2022 - Dec 13, 2023
#5	-17.63% Sep 12, 2022 - Nov 22, 2022	-19.34% Sep 20, 2018 - Apr 12, 2019
#6	-14.02% Sep 13, 2021 - Nov 3, 2021	-18.76% Feb 19, 2025 - Jun 26, 2025
#7	-13.26% Jan 26, 2021 - Feb 10, 2021	-13.02% Jul 20, 2015 - Apr 18, 2016
#8	-13.03% Nov 6, 2020 - Dec 11, 2020	-10.10% Jan 26, 2018 - Aug 6, 2018
#9	-12.50% Mar 8, 2021 - Mar 31, 2021	-9.44% Sep 2, 2020 - Nov 11, 2020
#10	-12.36% Dec 7, 2022 - Jan 30, 2023	-9.30% Jan 19, 2000 - Mar 17, 2000
#11	-9.45% Jun 11, 2021 - Jun 24, 2021	-9.05% Jul 19, 2007 - Oct 5, 2007
#12	-8.36% Apr 5, 2021 - Apr 12, 2021	-8.88% Jan 27, 2026 - Apr 14, 2026
#13	-8.21% Feb 3, 2023 - Feb 17, 2023	-8.41% Jul 16, 2024 - Sep 19, 2024
#14	-8.13% Feb 16, 2021 - Mar 8, 2021	-7.35% Sep 14, 2012 - Jan 2, 2013
#15	-7.25% Nov 23, 2022 - Dec 7, 2022	-7.27% Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between ASO and SPY is 0.49 which considered as a weak positive correlation - the stocks show a slight tendency to move together.

0.49

-101

Dividend Comparison (1999 - 2026)

ASO vs SPY dividend yield comparison.

Year	ASO	SPY
2026	0.29%	0.24%
2025	1.04%	1.07%
2024	0.76%	1.21%
2023	0.55%	1.40%
2022	0.57%	1.65%
2021	0.00%	1.20%
2020	0.00%	1.52%
2019	0.00%	1.75%
2018	0.00%	2.04%
2017	0.00%	1.80%
2016	0.00%	2.03%
2015	0.00%	2.06%
2014	0.00%	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%