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CBL vs SPY

Comparison between CBL& Associates Properties Inc - New (CBL, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceCBL has outperformed SPY, delivering a return of +19.5% compared to +13.3%

CBL vs SPY - Performance Comparison

Key Characteristics

Financial metrics and valuation ratios

Market Cap / Net Assets
CBL
$1.48B
Winner
SPY
$735B
Expense Ratio
CBL
N/A
SPY
0.09%
Max Drawdown
Winner
CBL
39.44%
SPY
56.47%
Sharpe Ratio
Winner
CBL
2.74
SPY
1.62
5Y Beta
Winner
CBL
0.74
SPY
1.00
Industry
CBL
Reit - Retail
SPY
N/A
P/E Ratio
Winner
CBL
8.44
SPY
28.99
Forward P/E
CBL
N/A
SPY
22.37
PEG Ratio
CBL
0.05
SPY
N/A
Dividend Yield
CBL
3.68%
SPY
N/A
5Y Dividends CAGR
CBL
N/A
SPY
5.43%
5Y EPS CAGR
CBL
N/A
SPY
26.05%
Debt to Equity
CBL
1050.70%
Winner
SPY
32.40%
Free Cash Flow Yield
CBL
18.34%
SPY
N/A
P/S Ratio
Winner
CBL
2.55
SPY
3.74
P/B Ratio
Winner
CBL
3.76
SPY
5.61

CBL vs SPY - Historical Returns

Returns include dividend reinvestment.

1M
Winner
CBL
+10.48%
SPY
+1.90%
3M
Winner
CBL
+30.30%
SPY
+8.55%
6M
Winner
CBL
+37.52%
SPY
+8.18%
1Y
Winner
CBL
+106.74%
SPY
+25.79%
5Y(CAGR)
Winner
CBL
+19.47%
SPY
+13.32%
10Y(CAGR)
CBL
N/A
SPY
+15.19%
Max(CAGR)
Winner
CBL
+19.47%
SPY
+8.47%

CBL vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

YearCBLSPY
2026+33.09%+8.26%
2025+35.33%+18.00%
2024+25.95%+25.59%
2023+12.62%+26.72%
2022-14.58%-18.64%
2021+4.00%+30.52%
2020N/A+17.28%
2019N/A+31.09%
2018N/A-5.24%
2017N/A+20.78%
2016N/A+13.59%
2015N/A+1.31%
2014N/A+14.56%
2013N/A+29.00%
2012N/A+14.17%
2011N/A+0.85%
2010N/A+13.14%
2009N/A+22.67%
2008N/A-36.25%
2007N/A+5.32%
2006N/A+13.85%
2005N/A+5.32%
2004N/A+10.75%
2003N/A+24.18%
2002N/A-22.42%
2001N/A-10.13%
2000N/A-8.84%
1999N/A+8.61%

CBL vs SPY Drawdown Comparison

The maximum drawdown for CBL was -34.02%, occurring on May 10, 2022. Recovery took 638 trading sessions.

The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.

The current CBL drawdown is -0.25%. The current SPY drawdown is -2.90%.

RankCBLSPY
#1-34.02%
Apr 1, 2022 - Oct 16, 2024		-55.20%
Oct 9, 2007 - Aug 16, 2012
#2-29.03%
Feb 14, 2025 - Aug 22, 2025		-47.50%
Mar 24, 2000 - Oct 26, 2006
#3-18.71%
Nov 5, 2021 - Mar 28, 2022		-33.70%
Feb 19, 2020 - Aug 10, 2020
#4-12.31%
Sep 11, 2025 - Nov 7, 2025		-24.50%
Jan 3, 2022 - Dec 13, 2023
#5-11.40%
Dec 4, 2024 - Feb 13, 2025		-19.34%
Sep 20, 2018 - Apr 12, 2019
#6-10.58%
Dec 18, 2025 - Feb 20, 2026		-18.76%
Feb 19, 2025 - Jun 26, 2025
#7-5.16%
Oct 22, 2024 - Nov 6, 2024		-13.02%
Jul 20, 2015 - Apr 18, 2016
#8-4.05%
Apr 27, 2026 - May 8, 2026		-10.10%
Jan 26, 2018 - Aug 6, 2018
#9-3.43%
Mar 10, 2026 - Mar 19, 2026		-9.44%
Sep 2, 2020 - Nov 11, 2020
#10-3.29%
May 8, 2026 - May 20, 2026		-9.30%
Jan 19, 2000 - Mar 17, 2000
#11-3.11%
Nov 7, 2025 - Nov 21, 2025		-9.05%
Jul 19, 2007 - Oct 5, 2007
#12-2.90%
Feb 20, 2026 - Mar 10, 2026		-8.88%
Jan 27, 2026 - Apr 14, 2026
#13-2.76%
Mar 19, 2026 - Mar 30, 2026		-8.41%
Jul 16, 2024 - Sep 19, 2024
#14-2.08%
Jun 2, 2026 - Jun 3, 2026		-7.35%
Sep 14, 2012 - Jan 2, 2013
#15-1.89%
Aug 22, 2025 - Aug 29, 2025		-7.27%
Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between CBL and SPY is 0.85 which considered as a strong positive correlation - the stocks tend to move together.

0.85
-101

Dividend Comparison (1999 - 2026)

CBL vs SPY dividend yield comparison.

YearCBLSPY
20261.29%0.24%
20256.76%1.07%
20245.44%1.21%
20236.14%1.40%
202212.78%1.65%
20210.00%1.20%
20200.00%1.52%
20190.00%1.75%
20180.00%2.04%
20170.00%1.80%
20160.00%2.03%
20150.00%2.06%
20140.00%1.87%
20130.00%1.81%
20120.00%2.18%
20110.00%2.05%
20100.00%1.80%
20090.00%1.95%
20080.00%3.02%
20070.00%1.85%
20060.00%1.73%
20050.00%1.73%
20040.00%1.82%
20030.00%1.47%
20020.00%1.70%
20010.00%1.25%
20000.00%1.15%
19990.00%0.24%

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