CAAP vs SPY
Comparison between Corporacion America Airports S.A. (CAAP, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceCAAP has outperformed SPY, delivering a return of +34.4% compared to +13.9%
CAAP vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Market Cap / Net Assets
CAAP
$4.12B
Winner
SPY
$735B
Expense Ratio
CAAP
N/A
SPY
0.09%
Max Drawdown
CAAP
89.88%
Winner
SPY
56.47%
Sharpe Ratio
CAAP
0.47
Winner
SPY
1.72
5Y Beta
CAAP
1.06
Winner
SPY
1.00
Industry
CAAP
Airports & Air Services
SPY
N/A
P/E Ratio
Winner
CAAP
12.79
SPY
28.68
Forward P/E
Winner
CAAP
4.89
SPY
22.00
PEG Ratio
CAAP
0.10
SPY
N/A
5Y Dividends CAGR
CAAP
N/A
SPY
5.43%
5Y EPS CAGR
CAAP
N/A
SPY
26.37%
Debt to Equity
CAAP
69.64%
Winner
SPY
34.04%
Free Cash Flow Yield
CAAP
11.97%
SPY
N/A
P/S Ratio
Winner
CAAP
1.99
SPY
3.85
P/B Ratio
Winner
CAAP
2.60
SPY
5.68
CAAP vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
CAAP
+0.44%
Winner
SPY
+5.49%
3M
CAAP
-13.54%
Winner
SPY
+8.03%
6M
CAAP
+12.70%
Winner
SPY
+13.34%
1Y
CAAP
+18.40%
Winner
SPY
+28.89%
5Y(CAGR)
Winner
CAAP
+34.44%
SPY
+13.90%
10Y(CAGR)
CAAP
+5.36%
Winner
SPY
+15.59%
Max(CAGR)
CAAP
+5.36%
Winner
SPY
+8.51%
CAAP vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | CAAP | SPY |
|---|---|---|
| 2026 | -4.82% | +9.02% |
| 2025 | +34.99% | +18.00% |
| 2024 | +17.73% | +25.59% |
| 2023 | +83.96% | +26.72% |
| 2022 | +45.99% | -18.64% |
| 2021 | +48.71% | +30.52% |
| 2020 | -36.57% | +17.28% |
| 2019 | -8.12% | +31.09% |
| 2018 | -59.57% | -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% |
CAAP vs SPY Drawdown Comparison
The maximum drawdown for CAAP was -89.88%, occurring on Apr 3, 2020. Recovery took 1482 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current CAAP drawdown is -16.67%. The current SPY drawdown is -0.73%.
| Rank | CAAP | SPY |
|---|---|---|
| #1 | -89.88% Feb 2, 2018 - Dec 22, 2023 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -25.00% May 20, 2024 - Oct 10, 2024 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -22.74% Dec 16, 2024 - May 9, 2025 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -21.68% Jan 29, 2026 - Mar 30, 2026 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -21.36% Aug 21, 2025 - Nov 11, 2025 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -18.71% Feb 6, 2024 - Apr 3, 2024 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -12.18% May 19, 2025 - Aug 21, 2025 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -8.73% Nov 19, 2024 - Dec 5, 2024 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -8.54% Dec 22, 2023 - Feb 6, 2024 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -7.31% Oct 11, 2024 - Oct 28, 2024 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -7.16% Apr 8, 2024 - May 7, 2024 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -6.71% Jan 5, 2026 - Jan 21, 2026 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -5.51% Dec 3, 2025 - Jan 2, 2026 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -4.36% Nov 12, 2025 - Nov 25, 2025 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -3.49% Nov 14, 2024 - Nov 19, 2024 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between CAAP and SPY is 0.83 which considered as a strong positive correlation - the stocks tend to move together.
0.83
-101
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