CAT vs SPY
Comparison between Caterpillar Inc (CAT, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceCAT has outperformed SPY, delivering a return of +38.2% compared to +13.2%
CAT vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Market Cap / Net Assets
CAT
$454B
Winner
SPY
$784B
Expense Ratio
CAT
N/A
SPY
0.09%
Max Drawdown
CAT
74.51%
Winner
SPY
56.47%
Sharpe Ratio
Winner
CAT
2.93
SPY
1.54
5Y Beta
CAT
1.26
Winner
SPY
1.00
Industry
CAT
Farm & Heavy Construction Machinery
SPY
N/A
P/E Ratio
CAT
50.95
Winner
SPY
27.62
Forward P/E
CAT
42.19
Winner
SPY
21.11
PEG Ratio
CAT
2.34
SPY
N/A
Dividend Yield
CAT
0.61%
SPY
N/A
5Y Dividends CAGR
Winner
CAT
19.24%
SPY
6.00%
5Y EPS CAGR
CAT
10.08%
Winner
SPY
25.30%
Debt to Equity
Winner
CAT
0.00%
SPY
31.11%
Free Cash Flow Yield
CAT
2.09%
SPY
N/A
P/S Ratio
CAT
6.42
Winner
SPY
3.49
P/B Ratio
CAT
24.33
Winner
SPY
5.30
CAT vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
Winner
CAT
+11.86%
SPY
-1.37%
3M
Winner
CAT
+40.53%
SPY
+12.22%
6M
Winner
CAT
+69.72%
SPY
+7.20%
1Y
Winner
CAT
+171.67%
SPY
+23.58%
5Y(CAGR)
Winner
CAT
+38.17%
SPY
+13.19%
10Y(CAGR)
Winner
CAT
+31.78%
SPY
+15.12%
Max(CAGR)
Winner
CAT
+17.28%
SPY
+8.44%
CAT vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | CAT | SPY |
|---|---|---|
| 2026 | +65.18% | +7.95% |
| 2025 | +61.64% | +18.00% |
| 2024 | +25.91% | +25.59% |
| 2023 | +26.33% | +26.72% |
| 2022 | +18.43% | -18.64% |
| 2021 | +15.88% | +30.52% |
| 2020 | +24.52% | +17.28% |
| 2019 | +20.13% | +31.09% |
| 2018 | -17.26% | -5.24% |
| 2017 | +72.68% | +20.78% |
| 2016 | +42.11% | +13.59% |
| 2015 | -23.29% | +1.31% |
| 2014 | +4.55% | +14.56% |
| 2013 | -0.88% | +29.00% |
| 2012 | -2.07% | +14.17% |
| 2011 | -1.99% | +0.85% |
| 2010 | +64.11% | +13.14% |
| 2009 | +26.79% | +22.67% |
| 2008 | -35.09% | -36.25% |
| 2007 | +20.81% | +5.32% |
| 2006 | +7.80% | +13.85% |
| 2005 | +23.77% | +5.32% |
| 2004 | +20.29% | +10.75% |
| 2003 | +78.20% | +24.18% |
| 2002 | -8.76% | -22.42% |
| 2001 | +16.19% | -10.13% |
| 2000 | +0.79% | -8.84% |
| 1999 | -13.86% | +8.61% |
CAT vs SPY Drawdown Comparison
The maximum drawdown for CAT was -73.44%, occurring on Mar 2, 2009. Recovery took 803 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current CAT drawdown is -3.72%. The current SPY drawdown is -3.18%.
| Rank | CAT | SPY |
|---|---|---|
| #1 | -73.44% Jul 19, 2007 - Sep 24, 2010 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -45.64% Nov 16, 1999 - May 16, 2001 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -44.63% Jul 16, 2014 - Apr 25, 2017 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -43.36% Jan 22, 2018 - Oct 12, 2020 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -42.54% Mar 15, 2002 - Jun 16, 2003 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -38.61% Apr 29, 2011 - Feb 3, 2012 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -34.06% Nov 6, 2024 - Jul 17, 2025 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -31.77% May 17, 2021 - Nov 22, 2022 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -31.17% Feb 23, 2012 - Jul 3, 2014 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -27.32% May 9, 2006 - Jun 13, 2007 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -25.31% May 22, 2001 - Feb 25, 2002 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -21.80% Jan 27, 2023 - Jul 18, 2023 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -21.28% Aug 1, 2023 - Dec 19, 2023 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -17.31% Jan 26, 2004 - Nov 3, 2004 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -17.26% Sep 13, 2005 - Dec 16, 2005 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between CAT and SPY is 0.92 which considered as a very strong positive correlation - the stocks move almost identically together.
0.92
-101
Dividend Comparison (1999 - 2026)
CAT vs SPY dividend yield comparison.
| Year | CAT | SPY |
|---|---|---|
| 2026 | 0.31% | 0.50% |
| 2025 | 1.02% | 1.07% |
| 2024 | 1.49% | 1.21% |
| 2023 | 1.69% | 1.40% |
| 2022 | 1.93% | 1.65% |
| 2021 | 2.07% | 1.20% |
| 2020 | 2.26% | 1.52% |
| 2019 | 2.56% | 1.75% |
| 2018 | 2.58% | 2.04% |
| 2017 | 1.97% | 1.80% |
| 2016 | 3.32% | 2.03% |
| 2015 | 4.33% | 2.06% |
| 2014 | 2.84% | 1.87% |
| 2013 | 1.89% | 1.81% |
| 2012 | 2.77% | 2.18% |
| 2011 | 1.99% | 2.05% |
| 2010 | 1.84% | 1.80% |
| 2009 | 2.95% | 1.95% |
| 2008 | 3.49% | 3.02% |
| 2007 | 1.82% | 1.85% |
| 2006 | 1.79% | 1.73% |
| 2005 | 1.58% | 1.73% |
| 2004 | 1.60% | 1.82% |
| 2003 | 1.71% | 1.47% |
| 2002 | 3.06% | 1.70% |
| 2001 | 2.64% | 1.25% |
| 2000 | 2.81% | 1.15% |
| 1999 | 0.00% | 0.24% |
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