CHMG vs SPY
Comparison between Chemung Financial Corp (CHMG, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed CHMG, delivering a return of +14.1% compared to +12.1%
CHMG vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
CHMG vs SPY - Historical Returns
Returns include dividend reinvestment.
CHMG vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | CHMG | SPY |
|---|---|---|
| 2026 | +27.91% | +11.49% |
| 2025 | +20.27% | +18.00% |
| 2024 | +0.43% | +25.59% |
| 2023 | +12.85% | +26.72% |
| 2022 | +3.83% | -18.64% |
| 2021 | +40.45% | +30.52% |
| 2020 | -16.42% | +17.28% |
| 2019 | +3.75% | +31.09% |
| 2018 | -14.18% | -5.24% |
| 2017 | +38.89% | +20.78% |
| 2016 | +35.58% | +13.59% |
| 2015 | +2.58% | +1.31% |
| 2014 | -13.22% | +14.56% |
| 2013 | +16.28% | +29.00% |
| 2012 | +31.29% | +14.17% |
| 2011 | +6.93% | +0.85% |
| 2010 | +10.31% | +13.14% |
| 2009 | +6.19% | +22.67% |
| 2008 | -26.47% | -36.25% |
| 2007 | -11.08% | +5.32% |
| 2006 | +8.38% | +13.85% |
| 2005 | -2.74% | +5.32% |
| 2004 | -4.97% | +10.75% |
| 2003 | +42.07% | +24.18% |
| 2002 | -4.59% | -22.42% |
| 2001 | +55.66% | -10.13% |
| 2000 | -17.46% | -8.84% |
| 1999 | +0.82% | +8.61% |
CHMG vs SPY Drawdown Comparison
The maximum drawdown for CHMG was -55.13%, occurring on Mar 16, 2020. Recovery took 1162 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current CHMG drawdown is -0.57%.
| Rank | CHMG | SPY |
|---|---|---|
| #1 | -55.13% Dec 18, 2017 - Aug 2, 2022 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -51.75% Dec 24, 2003 - Dec 10, 2012 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -34.59% Feb 2, 2023 - Jul 17, 2024 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -28.00% Dec 30, 1999 - Jun 26, 2001 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -25.12% Dec 6, 2024 - Aug 28, 2025 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -22.82% Jan 21, 2014 - May 24, 2016 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -20.63% Feb 9, 2026 - Apr 20, 2026 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -17.56% Dec 6, 2001 - May 16, 2003 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -15.92% May 25, 2016 - Dec 5, 2016 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -14.19% Aug 2, 2022 - Jan 20, 2023 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -13.86% Oct 18, 2013 - Jan 21, 2014 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -13.03% Jul 17, 2024 - Nov 6, 2024 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -11.46% Jun 27, 2013 - Sep 20, 2013 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -10.94% Dec 21, 2016 - Feb 13, 2017 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -10.93% Dec 18, 2025 - Jan 30, 2026 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between CHMG and SPY is 0.94 which considered as a very strong positive correlation - the stocks move almost identically together.
Dividend Comparison (1999 - 2026)
CHMG vs SPY dividend yield comparison.
| Year | CHMG | SPY |
|---|---|---|
| 2026 | 0.49% | 0.24% |
| 2025 | 2.37% | 1.07% |
| 2024 | 2.54% | 1.21% |
| 2023 | 2.49% | 1.40% |
| 2022 | 2.70% | 1.65% |
| 2021 | 2.56% | 1.20% |
| 2020 | 3.06% | 1.52% |
| 2019 | 2.45% | 1.75% |
| 2018 | 2.52% | 2.04% |
| 2017 | 2.16% | 1.80% |
| 2016 | 2.86% | 2.03% |
| 2015 | 3.78% | 2.06% |
| 2014 | 3.76% | 1.87% |
| 2013 | 3.04% | 1.81% |
| 2012 | 3.35% | 2.18% |
| 2011 | 4.41% | 2.05% |
| 2010 | 4.44% | 1.80% |
| 2009 | 6.11% | 1.95% |
| 2008 | 3.75% | 3.02% |
| 2007 | 3.46% | 1.85% |
| 2006 | 3.00% | 1.73% |
| 2005 | 3.11% | 1.73% |
| 2004 | 2.84% | 1.82% |
| 2003 | 2.49% | 1.47% |
| 2002 | 3.41% | 1.70% |
| 2001 | 3.08% | 1.25% |
| 2000 | 4.47% | 1.15% |
| 1999 | 0.86% | 0.24% |
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