AWI vs SPY

Comparison between Armstrong World Industries Inc (AWI, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceSPY has outperformed AWI, delivering a return of +13.7% compared to +8.7%

AWI vs SPY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	AWI(COMPANY)	SPY(ETF)
Market Cap / Net Assets	$6.73B	$735B
Expense Ratio	N/A	0.09%
Max Drawdown	83.42%	56.47%
Sharpe Ratio	-0.05	1.76
5Y Beta	0.88	1.00
Industry	Building Products & Equipment	N/A
P/E Ratio	22.18	28.46
Forward P/E	19.38	21.99
PEG Ratio	1.67	N/A
Dividend Yield	0.83%	N/A
5Y Dividends CAGR	9.81%	5.43%
5Y EPS CAGR	15.96%	25.20%
Debt to Equity	53.68%	33.33%
Free Cash Flow Yield	5.15%	N/A
P/S Ratio	4.09	3.65
P/B Ratio	7.73	5.50

Market Cap / Net Assets

AWI

$6.73B

Winner

SPY

$735B

Expense Ratio

AWI

N/A

SPY

0.09%

Max Drawdown

AWI

83.42%

Winner

SPY

56.47%

Sharpe Ratio

AWI

-0.05

Winner

SPY

1.76

5Y Beta

Winner

AWI

0.88

SPY

1.00

Industry

AWI

Building Products & Equipment

SPY

N/A

P/E Ratio

Winner

AWI

22.18

SPY

28.46

Forward P/E

Winner

AWI

19.38

SPY

21.99

PEG Ratio

AWI

1.67

SPY

N/A

Dividend Yield

AWI

0.83%

SPY

N/A

5Y Dividends CAGR

Winner

AWI

9.81%

SPY

5.43%

5Y EPS CAGR

AWI

15.96%

Winner

SPY

25.20%

Debt to Equity

AWI

53.68%

Winner

SPY

33.33%

Free Cash Flow Yield

AWI

5.15%

SPY

N/A

P/S Ratio

AWI

4.09

Winner

SPY

3.65

P/B Ratio

AWI

7.73

Winner

SPY

5.50

AWI vs SPY - Historical Returns

Returns include dividend reinvestment.

Period	AWI	SPY
1 month	-11.82%	+5.60%
3 months	-22.21%	+8.72%
6 months	-14.71%	+10.63%
1 year	-1.63%	+26.62%
5 years(CAGR)	+8.75%	+13.70%
10 years(CAGR)	+15.16%	+15.47%
Max(CAGR)	+10.90%	+8.50%

AWI

-11.82%

Winner

SPY

+5.60%

AWI

-22.21%

Winner

SPY

+8.72%

AWI

-14.71%

Winner

SPY

+10.63%

AWI

-1.63%

Winner

SPY

+26.62%

5Y(CAGR)

AWI

+8.75%

Winner

SPY

+13.70%

10Y(CAGR)

AWI

+15.16%

Winner

SPY

+15.47%

Max(CAGR)

Winner

AWI

+10.90%

SPY

+8.50%

AWI vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	AWI	SPY
2026	-20.86%	+8.50%
2025	+37.41%	+18.00%
2024	+46.15%	+25.59%
2023	+43.39%	+26.72%
2022	-40.01%	-18.64%
2021	+64.70%	+30.52%
2020	-21.26%	+17.28%
2019	+58.38%	+31.09%
2018	-5.11%	-5.24%
2017	+43.31%	+20.78%
2016	-7.23%	+13.59%
2015	-9.55%	+1.31%
2014	-10.99%	+14.56%
2013	+9.96%	+29.00%
2012	+32.56%	+14.17%
2011	+1.08%	+0.85%
2010	+43.65%	+13.14%
2009	+76.47%	+22.67%
2008	-38.59%	-36.25%
2007	-5.40%	+5.32%
2006	+5.97%	+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%

AWI vs SPY Drawdown Comparison

The maximum drawdown for AWI was -80.88%, occurring on Mar 9, 2009. Recovery took 865 trading sessions.

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

The current AWI drawdown is -23.38%. The current SPY drawdown is -1.20%.

Rank	AWI	SPY
#1	-80.88% Jun 4, 2007 - Nov 5, 2010	-55.20% Oct 9, 2007 - Aug 16, 2012
#2	-46.43% Mar 4, 2020 - Aug 11, 2021	-47.50% Mar 24, 2000 - Oct 26, 2006
#3	-46.06% Dec 8, 2021 - Feb 20, 2024	-33.70% Feb 19, 2020 - Aug 10, 2020
#4	-40.87% Jan 16, 2014 - Jan 2, 2018	-24.50% Jan 3, 2022 - Dec 13, 2023
#5	-31.68% May 31, 2011 - Jan 18, 2012	-19.34% Sep 20, 2018 - Apr 12, 2019
#6	-23.45% Sep 12, 2018 - Feb 22, 2019	-18.76% Feb 19, 2025 - Jun 26, 2025
#7	-23.38% Oct 21, 2025 - May 15, 2026	-13.02% Jul 20, 2015 - Apr 18, 2016
#8	-22.03% Jun 18, 2012 - Oct 31, 2012	-10.10% Jan 26, 2018 - Aug 6, 2018
#9	-22.00% Nov 26, 2024 - Jun 27, 2025	-9.44% Sep 2, 2020 - Nov 11, 2020
#10	-18.89% Feb 13, 2013 - Dec 30, 2013	-9.30% Jan 19, 2000 - Mar 17, 2000
#11	-15.24% Aug 11, 2021 - Nov 8, 2021	-9.05% Jul 19, 2007 - Oct 5, 2007
#12	-14.34% Jan 26, 2018 - Jun 8, 2018	-8.88% Jan 27, 2026 - Apr 14, 2026
#13	-13.22% Mar 28, 2012 - Jun 18, 2012	-8.41% Jul 16, 2024 - Sep 19, 2024
#14	-13.02% Nov 2, 2012 - Jan 9, 2013	-7.35% Sep 14, 2012 - Jan 2, 2013
#15	-11.48% Oct 18, 2006 - Nov 29, 2006	-7.27% Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between AWI 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)

AWI vs SPY dividend yield comparison.

Year	AWI	SPY
2026	0.44%	0.24%
2025	0.66%	1.07%
2024	0.81%	1.21%
2023	1.06%	1.40%
2022	1.38%	1.65%
2021	0.74%	1.20%
2020	1.09%	1.52%
2019	0.77%	1.75%
2018	0.30%	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	16.85%	2.18%
2011	0.00%	2.05%
2010	31.95%	1.80%
2009	0.00%	1.95%
2008	20.81%	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%