BMI vs SPY
Comparison between Badger Meter Inc (BMI, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed BMI, delivering a return of +14.0% compared to +7.2%
BMI vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
BMI vs SPY - Historical Returns
Returns include dividend reinvestment.
BMI vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | BMI | SPY |
|---|---|---|
| 2026 | -28.24% | +9.45% |
| 2025 | -17.00% | +18.00% |
| 2024 | +36.49% | +25.59% |
| 2023 | +41.75% | +26.72% |
| 2022 | +3.34% | -18.64% |
| 2021 | +18.12% | +30.52% |
| 2020 | +48.79% | +17.28% |
| 2019 | +34.38% | +31.09% |
| 2018 | +4.76% | -5.24% |
| 2017 | +31.08% | +20.78% |
| 2016 | +31.60% | +13.59% |
| 2015 | +1.40% | +1.31% |
| 2014 | +13.47% | +14.56% |
| 2013 | +12.01% | +29.00% |
| 2012 | +62.60% | +14.17% |
| 2011 | -33.73% | +0.85% |
| 2010 | +10.25% | +13.14% |
| 2009 | +30.02% | +22.67% |
| 2008 | -34.27% | -36.25% |
| 2007 | +67.19% | +5.32% |
| 2006 | +41.45% | +13.85% |
| 2005 | +32.42% | +5.32% |
| 2004 | +62.34% | +10.75% |
| 2003 | +26.40% | +24.18% |
| 2002 | +48.91% | -22.42% |
| 2001 | +1.44% | -10.13% |
| 2000 | -20.97% | -8.84% |
| 1999 | -4.18% | +8.61% |
BMI vs SPY Drawdown Comparison
The maximum drawdown for BMI was -68.22%, occurring on Oct 27, 2008. Recovery took 1420 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current BMI drawdown is -49.98%. The current SPY drawdown is -0.34%.
| Rank | BMI | SPY |
|---|---|---|
| #1 | -68.22% Aug 8, 2008 - Apr 1, 2014 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -55.07% Jun 3, 2025 - Apr 20, 2026 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -42.62% Apr 3, 2000 - Aug 29, 2002 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -38.97% Feb 20, 2020 - Oct 9, 2020 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -36.13% May 2, 2006 - Jul 19, 2007 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -35.11% Aug 5, 2005 - Jan 27, 2006 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -33.19% Dec 8, 2021 - Oct 25, 2022 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -28.05% Dec 11, 2024 - May 13, 2025 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -22.37% Feb 20, 2003 - Aug 25, 2003 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -21.13% Dec 26, 2007 - Mar 27, 2008 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -20.36% Aug 14, 2023 - Apr 18, 2024 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -20.12% Jul 19, 2007 - Aug 16, 2007 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -19.51% Jun 9, 2016 - Dec 8, 2016 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -19.13% Oct 12, 2017 - Jul 20, 2018 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -18.52% Aug 29, 2002 - Feb 20, 2003 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between BMI and SPY is 0.95 which considered as a very strong positive correlation - the stocks move almost identically together.
Dividend Comparison (1999 - 2026)
BMI vs SPY dividend yield comparison.
| Year | BMI | SPY |
|---|---|---|
| 2026 | 0.64% | 0.24% |
| 2025 | 0.85% | 1.07% |
| 2024 | 0.58% | 1.21% |
| 2023 | 0.64% | 1.40% |
| 2022 | 0.78% | 1.65% |
| 2021 | 0.71% | 1.20% |
| 2020 | 0.74% | 1.52% |
| 2019 | 0.99% | 1.75% |
| 2018 | 1.14% | 2.04% |
| 2017 | 1.03% | 1.80% |
| 2016 | 1.16% | 2.03% |
| 2015 | 1.33% | 2.06% |
| 2014 | 1.25% | 1.87% |
| 2013 | 1.28% | 1.81% |
| 2012 | 1.39% | 2.18% |
| 2011 | 2.04% | 2.05% |
| 2010 | 1.18% | 1.80% |
| 2009 | 1.16% | 1.95% |
| 2008 | 1.38% | 3.02% |
| 2007 | 0.76% | 1.85% |
| 2006 | 1.12% | 1.73% |
| 2005 | 1.48% | 1.73% |
| 2004 | 1.60% | 1.82% |
| 2003 | 2.78% | 1.47% |
| 2002 | 3.18% | 1.70% |
| 2001 | 4.47% | 1.25% |
| 2000 | 3.74% | 1.15% |
| 1999 | 0.60% | 0.24% |
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