BILL vs SPY

Comparison between BILL Holdings Inc (BILL, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceSPY has outperformed BILL, delivering a return of +14.0% compared to -24.3%

BILL vs SPY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	BILL(COMPANY)	SPY(ETF)
Market Cap / Net Assets	$3.80B	$735B
Expense Ratio	N/A	0.09%
Max Drawdown	89.86%	56.47%
Sharpe Ratio	-0.11	1.91
5Y Beta	1.66	1.00
Industry	Software - Application	N/A
P/E Ratio	-972.39	28.68
Forward P/E	11.42	22.19
PEG Ratio	0.38	N/A
5Y Dividends CAGR	N/A	5.43%
5Y EPS CAGR	N/A	26.37%
Debt to Equity	48.25%	34.04%
Free Cash Flow Yield	10.07%	N/A
P/S Ratio	2.39	3.76
P/B Ratio	1.00	5.55

Market Cap / Net Assets

BILL

$3.80B

Winner

SPY

$735B

Expense Ratio

BILL

N/A

SPY

0.09%

Max Drawdown

BILL

89.86%

Winner

SPY

56.47%

Sharpe Ratio

BILL

-0.11

Winner

SPY

1.91

5Y Beta

BILL

1.66

Winner

SPY

1.00

Industry

BILL

Software - Application

SPY

N/A

P/E Ratio

Winner

BILL

-972.39

SPY

28.68

Forward P/E

Winner

BILL

11.42

SPY

22.19

PEG Ratio

BILL

0.38

SPY

N/A

5Y Dividends CAGR

BILL

N/A

SPY

5.43%

5Y EPS CAGR

BILL

N/A

SPY

26.37%

Debt to Equity

BILL

48.25%

Winner

SPY

34.04%

Free Cash Flow Yield

BILL

10.07%

SPY

N/A

P/S Ratio

Winner

BILL

2.39

SPY

3.76

P/B Ratio

Winner

BILL

1.00

SPY

5.55

BILL vs SPY - Historical Returns

Returns include dividend reinvestment.

Period	BILL	SPY
1 month	-9.74%	+4.84%
3 months	-13.83%	+9.57%
6 months	-25.01%	+13.79%
1 year	-17.96%	+29.34%
5 years(CAGR)	-24.31%	+13.98%
10 years(CAGR)	N/A	+15.66%
Max(CAGR)	+0.28%	+8.53%

BILL

-9.74%

Winner

SPY

+4.84%

BILL

-13.83%

Winner

SPY

+9.57%

BILL

-25.01%

Winner

SPY

+13.79%

BILL

-17.96%

Winner

SPY

+29.34%

5Y(CAGR)

BILL

-24.31%

Winner

SPY

+13.98%

10Y(CAGR)

BILL

N/A

SPY

+15.66%

Max(CAGR)

BILL

+0.28%

Winner

SPY

+8.53%

BILL vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	BILL	SPY
2026	-28.52%	+9.45%
2025	-35.11%	+18.00%
2024	+9.69%	+25.59%
2023	-25.32%	+26.72%
2022	-53.34%	-18.64%
2021	+81.25%	+30.52%
2020	+252.71%	+17.28%
2019	+7.18%	+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%

BILL vs SPY Drawdown Comparison

The maximum drawdown for BILL was -89.86%, occurring on Apr 10, 2026. 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 BILL drawdown is -89.44%. The current SPY drawdown is -0.34%.

Rank	BILL	SPY
#1	-89.86% Nov 9, 2021 - Apr 10, 2026	-55.20% Oct 9, 2007 - Aug 16, 2012
#2	-53.59% Feb 12, 2020 - May 6, 2020	-47.50% Mar 24, 2000 - Oct 26, 2006
#3	-32.12% Feb 10, 2021 - Jul 20, 2021	-33.70% Feb 19, 2020 - Aug 10, 2020
#4	-26.21% Dec 22, 2020 - Feb 5, 2021	-24.50% Jan 3, 2022 - Dec 13, 2023
#5	-23.16% May 8, 2020 - Jun 22, 2020	-19.34% Sep 20, 2018 - Apr 12, 2019
#6	-20.78% Aug 27, 2020 - Oct 7, 2020	-18.76% Feb 19, 2025 - Jun 26, 2025
#7	-20.52% Oct 14, 2020 - Nov 30, 2020	-13.02% Jul 20, 2015 - Apr 18, 2016
#8	-16.69% Aug 6, 2020 - Aug 26, 2020	-10.10% Jan 26, 2018 - Aug 6, 2018
#9	-13.03% Sep 8, 2021 - Oct 14, 2021	-9.44% Sep 2, 2020 - Nov 11, 2020
#10	-11.07% Jul 9, 2020 - Jul 30, 2020	-9.30% Jan 19, 2000 - Mar 17, 2000
#11	-8.81% Dec 24, 2019 - Jan 13, 2020	-9.05% Jul 19, 2007 - Oct 5, 2007
#12	-8.30% Feb 4, 2020 - Feb 7, 2020	-8.88% Jan 27, 2026 - Apr 14, 2026
#13	-6.67% Dec 13, 2019 - Dec 24, 2019	-8.41% Jul 16, 2024 - Sep 19, 2024
#14	-5.92% Feb 5, 2021 - Feb 10, 2021	-7.35% Sep 14, 2012 - Jan 2, 2013
#15	-5.75% Aug 5, 2021 - Aug 20, 2021	-7.27% Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between BILL and SPY is -0.38 which considered as a weak negative correlation - the stocks show a slight tendency to move in opposite directions.

-0.38

-101