BXMT vs SPY
Comparison between Blackstone Mortgage Trust Inc - Class A (BXMT, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed BXMT, delivering a return of +13.9% compared to -0.8%
BXMT vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
BXMT vs SPY - Historical Returns
Returns include dividend reinvestment.
BXMT vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | BXMT | SPY |
|---|---|---|
| 2026 | -4.07% | +10.17% |
| 2025 | +18.60% | +18.00% |
| 2024 | -8.60% | +25.59% |
| 2023 | +11.79% | +26.72% |
| 2022 | -25.14% | -18.64% |
| 2021 | +26.61% | +30.52% |
| 2020 | -17.65% | +17.28% |
| 2019 | +26.44% | +31.09% |
| 2018 | +8.07% | -5.24% |
| 2017 | +13.91% | +20.78% |
| 2016 | +23.71% | +13.59% |
| 2015 | -1.14% | +1.31% |
| 2014 | +15.30% | +14.56% |
| 2013 | +40.05% | +29.00% |
| 2012 | +202.85% | +14.17% |
| 2011 | +50.00% | +0.85% |
| 2010 | +22.05% | +13.14% |
| 2009 | -66.40% | +22.67% |
| 2008 | -86.17% | -36.25% |
| 2007 | -28.49% | +5.32% |
| 2006 | +82.94% | +13.85% |
| 2005 | +3.81% | +5.32% |
| 2004 | +44.60% | +10.75% |
| 2003 | +56.59% | +24.18% |
| 2002 | -5.36% | -22.42% |
| 2001 | +22.87% | -10.13% |
| 2000 | +8.29% | -8.84% |
| 1999 | +17.65% | +8.61% |
BXMT vs SPY Drawdown Comparison
The maximum drawdown for BXMT was -97.96%, occurring on Mar 9, 2009. 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 BXMT drawdown is -56.69%.
| Rank | BXMT | SPY |
|---|---|---|
| #1 | -97.96% Feb 7, 2007 - Mar 9, 2009 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -35.00% Dec 31, 1999 - Apr 20, 2001 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -34.77% Jul 3, 2001 - Jun 26, 2003 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -17.95% Nov 18, 1999 - Dec 31, 1999 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -14.87% Jul 11, 2005 - Feb 15, 2006 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -14.20% Dec 1, 2004 - Feb 14, 2005 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -14.18% Mar 30, 2004 - Jun 23, 2004 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -11.81% Feb 22, 2006 - May 31, 2006 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -11.52% Jul 6, 2004 - Aug 30, 2004 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -10.97% Feb 14, 2005 - Apr 12, 2005 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -8.77% Jun 1, 2006 - Jun 29, 2006 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -8.14% May 9, 2005 - May 31, 2005 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -8.11% May 22, 2001 - Jun 6, 2001 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -7.42% Oct 26, 2006 - Dec 15, 2006 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -7.40% Jul 14, 2003 - Oct 15, 2003 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between BXMT and SPY is 0.30 which considered as a weak positive correlation - the stocks show a slight tendency to move together.
Dividend Comparison (1999 - 2026)
BXMT vs SPY dividend yield comparison.
| Year | BXMT | SPY |
|---|---|---|
| 2026 | 2.58% | 0.24% |
| 2025 | 9.83% | 1.07% |
| 2024 | 12.52% | 1.21% |
| 2023 | 11.66% | 1.40% |
| 2022 | 11.71% | 1.65% |
| 2021 | 8.10% | 1.20% |
| 2020 | 9.01% | 1.52% |
| 2019 | 6.66% | 1.75% |
| 2018 | 7.78% | 2.04% |
| 2017 | 7.71% | 1.80% |
| 2016 | 8.25% | 2.03% |
| 2015 | 8.52% | 2.06% |
| 2014 | 6.79% | 1.87% |
| 2013 | 2.65% | 1.81% |
| 2012 | 190.48% | 2.18% |
| 2011 | 0.00% | 2.05% |
| 2010 | 0.00% | 1.80% |
| 2009 | 0.00% | 1.95% |
| 2008 | 61.11% | 3.02% |
| 2007 | 16.64% | 1.85% |
| 2006 | 6.91% | 1.73% |
| 2005 | 8.37% | 1.73% |
| 2004 | 6.02% | 1.82% |
| 2003 | 7.93% | 1.47% |
| 2002 | 0.00% | 1.70% |
| 2001 | 0.00% | 1.25% |
| 2000 | 0.00% | 1.15% |
| 1999 | 0.00% | 0.24% |
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