CIEN vs SPY
Comparison between CIENA Corp (CIEN, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceCIEN has outperformed SPY, delivering a return of +51.7% compared to +13.2%
CIEN vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Market Cap / Net Assets
CIEN
$61B
Winner
SPY
$784B
Expense Ratio
CIEN
N/A
SPY
0.09%
Max Drawdown
CIEN
99.51%
Winner
SPY
56.47%
Sharpe Ratio
Winner
CIEN
2.99
SPY
1.54
5Y Beta
CIEN
1.95
Winner
SPY
1.00
Industry
CIEN
Communication Equipment
SPY
N/A
P/E Ratio
CIEN
138.24
Winner
SPY
27.62
Forward P/E
CIEN
70.42
Winner
SPY
21.11
PEG Ratio
CIEN
0.43
SPY
N/A
5Y Dividends CAGR
CIEN
N/A
SPY
6.00%
5Y EPS CAGR
CIEN
4.05%
Winner
SPY
25.30%
Debt to Equity
CIEN
52.94%
Winner
SPY
31.11%
Free Cash Flow Yield
CIEN
1.37%
SPY
N/A
P/S Ratio
CIEN
10.88
Winner
SPY
3.49
P/B Ratio
CIEN
20.96
Winner
SPY
5.30
CIEN vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
CIEN
-21.22%
Winner
SPY
-1.37%
3M
Winner
CIEN
+12.74%
SPY
+12.22%
6M
Winner
CIEN
+91.37%
SPY
+7.20%
1Y
Winner
CIEN
+509.56%
SPY
+23.58%
5Y(CAGR)
Winner
CIEN
+51.74%
SPY
+13.19%
10Y(CAGR)
Winner
CIEN
+36.43%
SPY
+15.12%
Max(CAGR)
CIEN
+5.14%
Winner
SPY
+8.44%
CIEN vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | CIEN | SPY |
|---|---|---|
| 2026 | +86.89% | +7.95% |
| 2025 | +180.96% | +18.00% |
| 2024 | +87.88% | +25.59% |
| 2023 | -11.29% | +26.72% |
| 2022 | -34.12% | -18.64% |
| 2021 | +50.39% | +30.52% |
| 2020 | +23.31% | +17.28% |
| 2019 | +25.78% | +31.09% |
| 2018 | +59.80% | -5.24% |
| 2017 | -14.33% | +20.78% |
| 2016 | +20.60% | +13.59% |
| 2015 | +5.89% | +1.31% |
| 2014 | -17.26% | +14.56% |
| 2013 | +45.21% | +29.00% |
| 2012 | +26.00% | +14.17% |
| 2011 | -44.27% | +0.85% |
| 2010 | +91.02% | +13.14% |
| 2009 | +55.30% | +22.67% |
| 2008 | -79.33% | -36.25% |
| 2007 | +23.36% | +5.32% |
| 2006 | +29.79% | +13.85% |
| 2005 | -10.54% | +5.32% |
| 2004 | -49.93% | +10.75% |
| 2003 | +15.70% | +24.18% |
| 2002 | -67.03% | -22.42% |
| 2001 | -78.28% | -10.13% |
| 2000 | +192.16% | -8.84% |
| 1999 | +66.38% | +8.61% |
CIEN vs SPY Drawdown Comparison
The maximum drawdown for CIEN was -99.51%, occurring on Feb 23, 2009. This drawdown has not yet recovered.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current CIEN drawdown is -56.06%. The current SPY drawdown is -3.18%.
| Rank | CIEN | SPY |
|---|---|---|
| #1 | -99.51% Oct 20, 2000 - Feb 23, 2009 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -50.28% Mar 1, 2000 - Aug 17, 2000 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -36.18% Dec 10, 1999 - Jan 20, 2000 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -22.21% Sep 1, 2000 - Sep 20, 2000 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -18.14% Nov 19, 1999 - Dec 7, 1999 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -15.28% Sep 28, 2000 - Oct 16, 2000 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -14.64% Jan 24, 2000 - Feb 7, 2000 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -8.22% Oct 16, 2000 - Oct 19, 2000 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -6.60% Nov 16, 1999 - Nov 19, 1999 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -4.65% Nov 4, 1999 - Nov 11, 1999 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -3.51% Feb 16, 2000 - Feb 22, 2000 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -3.48% Sep 25, 2000 - Sep 28, 2000 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -2.97% Feb 8, 2000 - Feb 10, 2000 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -2.14% Sep 20, 2000 - Sep 22, 2000 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -2.02% Feb 10, 2000 - Feb 14, 2000 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between CIEN and SPY is 0.14 which considered as a very weak or no correlation - the stocks move independently of each other.
0.14
-101
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