BMO vs SPY
Comparison between Bank of Montreal (BMO, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceBMO has outperformed SPY, delivering a return of +14.6% compared to +13.3%
BMO vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Market Cap / Net Assets
BMO
$110B
Winner
SPY
$652B
Expense Ratio
BMO
N/A
SPY
0.09%
Max Drawdown
BMO
71.02%
Winner
SPY
56.47%
Sharpe Ratio
Winner
BMO
2.51
SPY
2.07
5Y Beta
Winner
BMO
0.70
SPY
1.00
Industry
BMO
Banks - Diversified
SPY
N/A
P/E Ratio
Winner
BMO
17.02
SPY
28.24
Forward P/E
Winner
BMO
14.47
SPY
21.85
PEG Ratio
BMO
1.21
SPY
N/A
Dividend Yield
BMO
4.28%
SPY
N/A
5Y Dividends CAGR
Winner
BMO
13.40%
SPY
5.43%
5Y EPS CAGR
BMO
7.25%
Winner
SPY
25.79%
Debt to Equity
BMO
196.55%
Winner
SPY
22.35%
Free Cash Flow Yield
BMO
7.15%
SPY
N/A
P/S Ratio
Winner
BMO
3.26
SPY
3.55
P/B Ratio
Winner
BMO
1.72
SPY
5.29
BMO vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
Winner
BMO
+9.35%
SPY
+9.11%
3M
BMO
+6.53%
Winner
SPY
+6.59%
6M
Winner
BMO
+25.89%
SPY
+10.56%
1Y
Winner
BMO
+60.11%
SPY
+32.04%
5Y(CAGR)
Winner
BMO
+14.65%
SPY
+13.35%
10Y(CAGR)
BMO
+14.55%
Winner
SPY
+15.49%
Max(CAGR)
Winner
BMO
+13.47%
SPY
+8.50%
BMO vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | BMO | SPY |
|---|---|---|
| 2026 | +17.68% | +8.27% |
| 2025 | +39.63% | +18.00% |
| 2024 | +4.14% | +25.59% |
| 2023 | +14.70% | +26.72% |
| 2022 | -13.33% | -18.64% |
| 2021 | +50.18% | +30.52% |
| 2020 | +3.23% | +17.28% |
| 2019 | +22.41% | +31.09% |
| 2018 | -15.22% | -5.24% |
| 2017 | +16.13% | +20.78% |
| 2016 | +38.11% | +13.59% |
| 2015 | -15.17% | +1.31% |
| 2014 | +11.59% | +14.56% |
| 2013 | +12.35% | +29.00% |
| 2012 | +14.28% | +14.17% |
| 2011 | -1.53% | +0.85% |
| 2010 | +12.59% | +13.14% |
| 2009 | +117.13% | +22.67% |
| 2008 | -51.18% | -36.25% |
| 2007 | -0.12% | +5.32% |
| 2006 | +7.35% | +13.85% |
| 2005 | +22.60% | +5.32% |
| 2004 | +19.52% | +10.75% |
| 2003 | +58.98% | +24.18% |
| 2002 | +23.28% | -22.42% |
| 2001 | -6.32% | -10.13% |
| 2000 | +65.58% | -8.84% |
| 1999 | -9.33% | +8.61% |
BMO vs SPY Drawdown Comparison
The maximum drawdown for BMO was -68.20%, occurring on Feb 23, 2009. Recovery took 584 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current BMO drawdown is -1.35%.
| Rank | BMO | SPY |
|---|---|---|
| #1 | -68.20% Nov 6, 2007 - Mar 4, 2010 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -50.96% Jan 21, 2020 - Dec 3, 2020 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -33.91% Mar 22, 2022 - May 27, 2025 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -33.86% Sep 3, 2014 - Dec 6, 2016 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -26.55% Feb 12, 2001 - Dec 12, 2002 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -24.45% Nov 15, 1999 - May 17, 2000 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -23.48% Sep 21, 2018 - Jan 21, 2020 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -19.74% Jan 22, 2004 - Oct 1, 2004 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -17.98% Apr 29, 2011 - Dec 18, 2012 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -17.80% Apr 26, 2010 - Feb 24, 2011 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -14.70% Jul 19, 2007 - Oct 1, 2007 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -13.27% Feb 27, 2006 - Aug 23, 2006 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -13.06% Nov 15, 2013 - May 8, 2014 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -12.61% Feb 16, 2017 - Jul 14, 2017 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -11.62% Feb 26, 2026 - Apr 15, 2026 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between BMO and SPY is 0.96 which considered as a very strong positive correlation - the stocks move almost identically together.
0.96
-101
Dividend Comparison (1999 - 2026)
BMO vs SPY dividend yield comparison.
| Year | BMO | SPY |
|---|---|---|
| 2026 | 1.61% | 0.24% |
| 2025 | 3.55% | 1.07% |
| 2024 | 4.60% | 1.21% |
| 2023 | 4.76% | 1.40% |
| 2022 | 4.62% | 1.65% |
| 2021 | 3.95% | 1.20% |
| 2020 | 4.15% | 1.52% |
| 2019 | 3.96% | 1.75% |
| 2018 | 4.78% | 2.04% |
| 2017 | 4.45% | 1.80% |
| 2016 | 4.73% | 2.03% |
| 2015 | 5.74% | 2.06% |
| 2014 | 4.35% | 1.87% |
| 2013 | 4.41% | 1.81% |
| 2012 | 4.60% | 2.18% |
| 2011 | 5.11% | 2.05% |
| 2010 | 4.86% | 1.80% |
| 2009 | 5.28% | 1.95% |
| 2008 | 10.90% | 3.02% |
| 2007 | 4.79% | 1.85% |
| 2006 | 3.71% | 1.73% |
| 2005 | 3.31% | 1.73% |
| 2004 | 3.30% | 1.82% |
| 2003 | 3.24% | 1.47% |
| 2002 | 4.52% | 1.70% |
| 2001 | 4.93% | 1.25% |
| 2000 | 3.80% | 1.15% |
| 1999 | 1.38% | 0.24% |
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