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BMA vs SPY

Comparison between Banco Macro S.A. (BMA, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceBMA has outperformed SPY, delivering a return of +55.8% compared to +13.0%

BMA vs SPY - Performance Comparison

Key Characteristics

Financial metrics and valuation ratios

Market Cap / Net Assets
BMA
$5.73B
Winner
SPY
$784B
Expense Ratio
BMA
N/A
SPY
0.09%
Max Drawdown
BMA
92.62%
Winner
SPY
56.47%
Sharpe Ratio
BMA
0.76
Winner
SPY
1.28
5Y Beta
BMA
1.57
Winner
SPY
1.00
Industry
BMA
Banks - Regional
SPY
N/A
P/E Ratio
Winner
BMA
24.37
SPY
28.73
Forward P/E
Winner
BMA
3.10
SPY
21.39
PEG Ratio
BMA
0.47
SPY
N/A
Dividend Yield
BMA
5.64%
SPY
N/A
5Y Dividends CAGR
BMA
N/A
SPY
6.00%
5Y EPS CAGR
BMA
-58.90%
Winner
SPY
25.26%
Debt to Equity
BMA
N/A
SPY
31.36%
Free Cash Flow Yield
BMA
-5.68%
SPY
N/A
P/S Ratio
Winner
BMA
0.00
SPY
3.82
P/B Ratio
Winner
BMA
1.45
SPY
5.66

BMA vs SPY - Historical Returns

Returns include dividend reinvestment.

1M
Winner
BMA
+9.83%
SPY
+1.41%
3M
Winner
BMA
+24.39%
SPY
+13.71%
6M
BMA
+4.70%
Winner
SPY
+9.01%
1Y
Winner
BMA
+48.49%
SPY
+21.80%
5Y(CAGR)
Winner
BMA
+55.79%
SPY
+12.99%
10Y(CAGR)
BMA
+6.83%
Winner
SPY
+15.41%
Max(CAGR)
Winner
BMA
+11.10%
SPY
+8.51%

BMA vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

YearBMASPY
2026+7.21%+10.03%
2025-14.47%+18.00%
2024+286.66%+25.59%
2023+98.94%+26.72%
2022+24.78%-18.64%
2021-4.10%+30.52%
2020-57.18%+17.28%
2019-13.37%+31.09%
2018-61.04%-5.24%
2017+66.78%+20.78%
2016+12.32%+13.59%
2015+39.04%+1.31%
2014+104.57%+14.56%
2013+27.40%+29.00%
2012-11.21%+14.17%
2011-59.83%+0.85%
2010+73.15%+13.14%
2009+151.68%+22.67%
2008-52.98%-36.25%
2007-21.87%+5.32%
2006+39.32%+13.85%
2005N/A+5.32%
2004N/A+10.75%
2003N/A+24.18%
2002N/A-22.42%
2001N/A-10.13%
2000N/A-8.84%
1999N/A+8.61%

BMA vs SPY Drawdown Comparison

The maximum drawdown for BMA was -91.65%, occurring on Jul 21, 2022. Recovery took 1798 trading sessions.

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

The current BMA drawdown is -14.92%. The current SPY drawdown is -1.31%.

RankBMASPY
#1-91.65%
Oct 23, 2017 - Dec 16, 2024		-55.20%
Oct 9, 2007 - Aug 16, 2012
#2-81.41%
Feb 13, 2007 - Jul 20, 2010		-47.50%
Mar 24, 2000 - Oct 26, 2006
#3-77.47%
Dec 10, 2010 - Feb 12, 2015		-33.70%
Feb 19, 2020 - Aug 10, 2020
#4-65.39%
Jan 7, 2025 - Sep 19, 2025		-24.50%
Jan 3, 2022 - Dec 13, 2023
#5-43.92%
Mar 17, 2015 - Nov 20, 2015		-19.34%
Sep 20, 2018 - Apr 12, 2019
#6-23.18%
Nov 20, 2015 - Feb 18, 2016		-18.76%
Feb 19, 2025 - Jun 26, 2025
#7-22.89%
Oct 19, 2016 - Feb 9, 2017		-13.02%
Jul 20, 2015 - Apr 18, 2016
#8-21.80%
May 10, 2006 - Nov 8, 2006		-10.10%
Jan 26, 2018 - Aug 6, 2018
#9-19.36%
Feb 25, 2016 - Apr 19, 2016		-9.44%
Sep 2, 2020 - Nov 11, 2020
#10-18.55%
Apr 19, 2016 - Jun 17, 2016		-9.30%
Jan 19, 2000 - Mar 17, 2000
#11-12.09%
Jun 5, 2017 - Aug 14, 2017		-9.05%
Jul 19, 2007 - Oct 5, 2007
#12-10.90%
Aug 25, 2016 - Oct 19, 2016		-8.88%
Jan 27, 2026 - Apr 14, 2026
#13-10.85%
Dec 16, 2024 - Jan 2, 2025		-8.41%
Jul 16, 2024 - Sep 19, 2024
#14-10.66%
Jun 20, 2016 - Jul 13, 2016		-7.35%
Sep 14, 2012 - Jan 2, 2013
#15-10.56%
Aug 10, 2010 - Sep 14, 2010		-7.27%
Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between BMA and SPY is 0.60 which considered as a moderate positive correlation - the stocks show some tendency to move together.

0.60
-101

Dividend Comparison (1999 - 2026)

BMA vs SPY dividend yield comparison.

YearBMASPY
20263.46%0.49%
20252.38%1.07%
20246.10%1.21%
20237.75%1.40%
20227.28%1.65%
20210.00%1.20%
20200.00%1.52%
20196.20%1.75%
20185.05%2.04%
20170.65%1.80%
20161.53%2.03%
20150.00%2.06%
20147.15%1.87%
20130.00%1.81%
20120.00%2.18%
201110.67%2.05%
20101.77%1.80%
20092.18%1.95%
20087.34%3.02%
20071.96%1.85%
20061.99%1.73%
20050.00%1.73%
20040.00%1.82%
20030.00%1.47%
20020.00%1.70%
20010.00%1.25%
20000.00%1.15%
19990.00%0.24%

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