CHT vs SPY

Comparison between Chunghwa Telecom (CHT, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceSPY has outperformed CHT, delivering a return of +13.3% compared to +5.3%

CHT vs SPY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	CHT(COMPANY)	SPY(ETF)
Market Cap / Net Assets	$35B	$652B
Expense Ratio	N/A	0.09%
Max Drawdown	48.20%	56.47%
Sharpe Ratio	0.20	2.07
5Y Beta	0.20	1.00
Industry	Telecom Services	N/A
P/E Ratio	26.57	28.24
Forward P/E	26.53	21.85
PEG Ratio	2.76	N/A
Dividend Yield	3.81%	N/A
5Y Dividends CAGR	1.89%	5.43%
5Y EPS CAGR	1.36%	25.79%
Debt to Equity	9.84%	22.35%
Free Cash Flow Yield	5.81%	N/A
P/S Ratio	0.14	3.55
P/B Ratio	2.76	5.29

Market Cap / Net Assets

CHT

$35B

Winner

SPY

$652B

Expense Ratio

CHT

N/A

SPY

0.09%

Max Drawdown

Winner

CHT

48.20%

SPY

56.47%

Sharpe Ratio

CHT

0.20

Winner

SPY

2.07

5Y Beta

Winner

CHT

0.20

SPY

1.00

Industry

CHT

Telecom Services

SPY

N/A

P/E Ratio

Winner

CHT

26.57

SPY

28.24

Forward P/E

CHT

26.53

Winner

SPY

21.85

PEG Ratio

CHT

2.76

SPY

N/A

Dividend Yield

CHT

3.81%

SPY

N/A

5Y Dividends CAGR

CHT

1.89%

Winner

SPY

5.43%

5Y EPS CAGR

CHT

1.36%

Winner

SPY

25.79%

Debt to Equity

Winner

CHT

9.84%

SPY

22.35%

Free Cash Flow Yield

CHT

5.81%

SPY

N/A

P/S Ratio

Winner

CHT

0.14

SPY

3.55

P/B Ratio

Winner

CHT

2.76

SPY

5.29

CHT vs SPY - Historical Returns

Returns include dividend reinvestment.

Period	CHT	SPY
1 month	+2.67%	+9.11%
3 months	+4.71%	+6.59%
6 months	+3.23%	+10.56%
1 year	+7.99%	+32.04%
5 years(CAGR)	+5.27%	+13.35%
10 years(CAGR)	+6.51%	+15.49%
Max(CAGR)	+10.31%	+8.50%

CHT

+2.67%

Winner

SPY

+9.11%

CHT

+4.71%

Winner

SPY

+6.59%

CHT

+3.23%

Winner

SPY

+10.56%

CHT

+7.99%

Winner

SPY

+32.04%

5Y(CAGR)

CHT

+5.27%

Winner

SPY

+13.35%

10Y(CAGR)

CHT

+6.51%

Winner

SPY

+15.49%

Max(CAGR)

Winner

CHT

+10.31%

SPY

+8.50%

CHT vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	CHT	SPY
2026	+4.86%	+8.27%
2025	+15.49%	+18.00%
2024	+0.63%	+25.59%
2023	+9.01%	+26.72%
2022	-9.52%	-18.64%
2021	+12.87%	+30.52%
2020	+8.87%	+17.28%
2019	+9.33%	+31.09%
2018	+3.67%	-5.24%
2017	+15.98%	+20.78%
2016	+10.57%	+13.59%
2015	+6.34%	+1.31%
2014	-0.47%	+14.56%
2013	+0.10%	+29.00%
2012	+7.65%	+14.17%
2011	+38.86%	+0.85%
2010	+43.01%	+13.14%
2009	+34.35%	+22.67%
2008	-14.41%	-36.25%
2007	+2.08%	+5.32%
2006	+11.40%	+13.85%
2005	-6.57%	+5.32%
2004	+59.36%	+10.75%
2003	-2.62%	+24.18%
2002	N/A	-22.42%
2001	N/A	-10.13%
2000	N/A	-8.84%
1999	N/A	+8.61%

CHT vs SPY Drawdown Comparison

The maximum drawdown for CHT was -44.43%, occurring on Oct 24, 2008. Recovery took 595 trading sessions.

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

The current CHT drawdown is -4.41%.

Rank	CHT	SPY
#1	-44.43% Mar 24, 2008 - Aug 2, 2010	-55.20% Oct 9, 2007 - Aug 16, 2012
#2	-25.11% May 8, 2006 - Feb 20, 2008	-47.50% Mar 24, 2000 - Oct 26, 2006
#3	-23.72% Feb 23, 2022 - Sep 26, 2024	-33.70% Feb 19, 2020 - Aug 10, 2020
#4	-19.37% Aug 3, 2005 - May 2, 2006	-24.50% Jan 3, 2022 - Dec 13, 2023
#5	-18.37% Jul 20, 2011 - Jul 11, 2013	-19.34% Sep 20, 2018 - Apr 12, 2019
#6	-16.10% Aug 11, 2016 - Jan 2, 2018	-18.76% Feb 19, 2025 - Jun 26, 2025
#7	-12.38% Apr 19, 2004 - Jul 9, 2004	-13.02% Jul 20, 2015 - Apr 18, 2016
#8	-12.26% Oct 30, 2003 - Jan 28, 2004	-10.10% Jan 26, 2018 - Aug 6, 2018
#9	-11.57% Feb 25, 2005 - Aug 3, 2005	-9.44% Sep 2, 2020 - Nov 11, 2020
#10	-11.03% Aug 19, 2025 - Dec 18, 2025	-9.30% Jan 19, 2000 - Mar 17, 2000
#11	-10.59% Jul 22, 2013 - Aug 22, 2014	-9.05% Jul 19, 2007 - Oct 5, 2007
#12	-9.47% Apr 10, 2018 - Oct 4, 2019	-8.88% Jan 27, 2026 - Apr 14, 2026
#13	-9.39% Sep 26, 2024 - May 2, 2025	-8.41% Jul 16, 2024 - Sep 19, 2024
#14	-8.68% Mar 18, 2004 - Apr 5, 2004	-7.35% Sep 14, 2012 - Jan 2, 2013
#15	-7.76% Aug 28, 2014 - Feb 27, 2015	-7.27% Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between CHT 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)

CHT vs SPY dividend yield comparison.

Year	CHT	SPY
2026	0.00%	0.24%
2025	4.00%	1.07%
2024	3.91%	1.21%
2023	3.91%	1.40%
2022	4.35%	1.65%
2021	3.67%	1.20%
2020	3.67%	1.52%
2019	3.91%	1.75%
2018	4.44%	2.04%
2017	3.64%	1.80%
2016	4.32%	2.03%
2015	3.88%	2.06%
2014	4.51%	1.87%
2013	4.68%	1.81%
2012	8.89%	2.18%
2011	5.74%	2.05%
2010	4.97%	1.80%
2009	4.89%	1.95%
2008	6.49%	3.02%
2007	5.78%	1.85%
2006	5.32%	1.73%
2005	6.34%	1.73%
2004	10.10%	1.82%
2003	0.00%	1.47%
2002	0.00%	1.70%
2001	0.00%	1.25%
2000	0.00%	1.15%
1999	0.00%	0.24%