ASX vs SPY

Comparison between ASE Technology Holding Co.Ltd (ASX, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceASX has outperformed SPY, delivering a return of +40.0% compared to +13.3%

ASX vs SPY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	ASX(COMPANY)	SPY(ETF)
Market Cap / Net Assets	$77B	$652B
Expense Ratio	N/A	0.09%
Max Drawdown	80.39%	56.47%
Sharpe Ratio	3.47	2.07
5Y Beta	1.51	1.00
Industry	Semiconductors	N/A
P/E Ratio	49.90	28.24
Forward P/E	12.30	21.85
PEG Ratio	0.78	N/A
Dividend Yield	26.80%	N/A
5Y Dividends CAGR	33.58%	5.43%
5Y EPS CAGR	5.62%	25.79%
Debt to Equity	73.29%	22.35%
Free Cash Flow Yield	-32.49%	N/A
P/S Ratio	0.11	3.55
P/B Ratio	6.63	5.29

Market Cap / Net Assets

ASX

$77B

Winner

SPY

$652B

Expense Ratio

ASX

N/A

SPY

0.09%

Max Drawdown

ASX

80.39%

Winner

SPY

56.47%

Sharpe Ratio

Winner

ASX

3.47

SPY

2.07

5Y Beta

ASX

1.51

Winner

SPY

1.00

Industry

ASX

Semiconductors

SPY

N/A

P/E Ratio

ASX

49.90

Winner

SPY

28.24

Forward P/E

Winner

ASX

12.30

SPY

21.85

PEG Ratio

ASX

0.78

SPY

N/A

Dividend Yield

ASX

26.80%

SPY

N/A

5Y Dividends CAGR

Winner

ASX

33.58%

SPY

5.43%

5Y EPS CAGR

ASX

5.62%

Winner

SPY

25.79%

Debt to Equity

ASX

73.29%

Winner

SPY

22.35%

Free Cash Flow Yield

ASX

-32.49%

SPY

N/A

P/S Ratio

Winner

ASX

0.11

SPY

3.55

P/B Ratio

ASX

6.63

Winner

SPY

5.29

ASX vs SPY - Historical Returns

Returns include dividend reinvestment.

Period	ASX	SPY
1 month	+41.76%	+9.11%
3 months	+54.49%	+6.59%
6 months	+124.84%	+10.56%
1 year	+285.76%	+32.04%
5 years(CAGR)	+39.99%	+13.35%
10 years(CAGR)	+27.73%	+15.49%
Max(CAGR)	+16.37%	+8.50%

Winner

ASX

+41.76%

SPY

+9.11%

Winner

ASX

+54.49%

SPY

+6.59%

Winner

ASX

+124.84%

SPY

+10.56%

Winner

ASX

+285.76%

SPY

+32.04%

5Y(CAGR)

Winner

ASX

+39.99%

SPY

+13.35%

10Y(CAGR)

Winner

ASX

+27.73%

SPY

+15.49%

Max(CAGR)

Winner

ASX

+16.37%

SPY

+8.50%

ASX vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	ASX	SPY
2026	+102.97%	+8.27%
2025	+66.28%	+18.00%
2024	+14.14%	+25.59%
2023	+61.35%	+26.72%
2022	-13.14%	-18.64%
2021	+35.16%	+30.52%
2020	+8.36%	+17.28%
2019	+57.22%	+31.09%
2018	-38.59%	-5.24%
2017	+30.59%	+20.78%
2016	-6.10%	+13.59%
2015	-1.69%	+1.31%
2014	+35.73%	+14.56%
2013	+8.62%	+29.00%
2012	+13.64%	+14.17%
2011	-14.22%	+0.85%
2010	+36.95%	+13.14%
2009	+148.12%	+22.67%
2008	-58.70%	-36.25%
2007	-9.25%	+5.32%
2006	+22.30%	+13.85%
2005	+20.49%	+5.32%
2004	-2.59%	+10.75%
2003	+117.58%	+24.18%
2002	-38.91%	-22.42%
2001	+125.02%	-10.13%
2000	-49.50%	-8.84%
1999	N/A	+8.61%

ASX vs SPY Drawdown Comparison

The maximum drawdown for ASX was -77.96%, occurring on Dec 4, 2008. Recovery took 861 trading sessions.

The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.

Rank	ASX	SPY
#1	-77.96% Jul 19, 2007 - Dec 16, 2010	-55.20% Oct 9, 2007 - Aug 16, 2012
#2	-60.11% Apr 17, 2002 - Oct 20, 2003	-47.50% Mar 24, 2000 - Oct 26, 2006
#3	-56.02% Oct 24, 2000 - Dec 5, 2001	-33.70% Feb 19, 2020 - Aug 10, 2020
#4	-54.22% Apr 18, 2018 - Jan 13, 2021	-24.50% Jan 3, 2022 - Dec 13, 2023
#5	-46.05% Feb 6, 2004 - Dec 27, 2005	-19.34% Sep 20, 2018 - Apr 12, 2019
#6	-45.85% Aug 5, 2021 - Jun 7, 2023	-18.76% Feb 19, 2025 - Jun 26, 2025
#7	-41.66% Mar 10, 2015 - Jan 19, 2018	-13.02% Jul 20, 2015 - Apr 18, 2016
#8	-40.64% Jul 11, 2024 - Oct 16, 2025	-10.10% Jan 26, 2018 - Aug 6, 2018
#9	-37.34% Feb 7, 2011 - Oct 3, 2013	-9.44% Sep 2, 2020 - Nov 11, 2020
#10	-33.50% May 4, 2006 - Apr 13, 2007	-9.30% Jan 19, 2000 - Mar 17, 2000
#11	-26.04% Dec 12, 2001 - Mar 7, 2002	-9.05% Jul 19, 2007 - Oct 5, 2007
#12	-20.85% Feb 12, 2021 - Jun 10, 2021	-8.88% Jan 27, 2026 - Apr 14, 2026
#13	-16.89% Nov 10, 2003 - Jan 5, 2004	-8.41% Jul 16, 2024 - Sep 19, 2024
#14	-16.82% Nov 18, 2013 - Mar 27, 2014	-7.35% Sep 14, 2012 - Jan 2, 2013
#15	-16.81% Feb 25, 2026 - Apr 13, 2026	-7.27% Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between ASX and SPY is 0.87 which considered as a strong positive correlation - the stocks tend to move together.

0.87

-101

Dividend Comparison (1999 - 2026)

ASX vs SPY dividend yield comparison.

Year	ASX	SPY
2026	0.00%	0.24%
2025	2.23%	1.07%
2024	3.19%	1.21%
2023	6.07%	1.40%
2022	7.64%	1.65%
2021	3.86%	1.20%
2020	2.34%	1.52%
2019	2.88%	1.75%
2018	14.19%	2.04%
2017	2.51%	1.80%
2016	3.63%	2.03%
2015	4.00%	2.06%
2014	2.46%	1.87%
2013	2.51%	1.81%
2012	1.60%	2.18%
2011	1.56%	2.05%
2010	0.59%	1.80%
2009	1.03%	1.95%
2008	20.34%	3.02%
2007	2.76%	1.85%
2006	0.00%	1.73%
2005	0.26%	1.73%
2004	26.60%	1.82%
2003	19.80%	1.47%
2002	0.00%	1.70%
2001	22.78%	1.25%
2000	0.00%	1.15%
1999	0.00%	0.24%