CMA vs SPY
Comparison between Comerica Incorporated (CMA, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceCMA has outperformed SPY, delivering a return of +14.3% compared to +13.3%
CMA vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Market Cap / Net Assets
CMA
$11B
Winner
SPY
$652B
Expense Ratio
CMA
N/A
SPY
0.09%
Max Drawdown
CMA
81.07%
Winner
SPY
56.47%
Sharpe Ratio
CMA
1.09
Winner
SPY
2.07
5Y Beta
CMA
N/A
SPY
1.00
Industry
CMA
Banks - Regional
SPY
N/A
P/E Ratio
Winner
CMA
15.89
SPY
28.24
Forward P/E
Winner
CMA
16.34
SPY
21.85
Dividend Yield
CMA
3.06%
SPY
N/A
5Y Dividends CAGR
CMA
0.87%
Winner
SPY
5.43%
5Y EPS CAGR
CMA
-5.97%
Winner
SPY
25.79%
Debt to Equity
CMA
72.98%
Winner
SPY
22.35%
Free Cash Flow Yield
CMA
1.10%
SPY
N/A
P/S Ratio
CMA
N/A
SPY
3.55
P/B Ratio
CMA
N/A
SPY
5.29
CMA vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
CMA
+1.37%
Winner
SPY
+9.11%
3M
Winner
CMA
+15.95%
SPY
+6.59%
6M
Winner
CMA
+32.86%
SPY
+10.56%
1Y
Winner
CMA
+37.47%
SPY
+32.04%
5Y(CAGR)
Winner
CMA
+14.27%
SPY
+13.35%
10Y(CAGR)
CMA
+14.30%
Winner
SPY
+15.49%
Max(CAGR)
CMA
+5.02%
Winner
SPY
+8.50%
CMA vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | CMA | SPY |
|---|---|---|
| 2026 | +0.02% | +8.27% |
| 2025 | +47.73% | +18.00% |
| 2024 | +15.34% | +25.59% |
| 2023 | -10.13% | +26.72% |
| 2022 | -21.84% | -18.64% |
| 2021 | +62.57% | +30.52% |
| 2020 | -16.84% | +17.28% |
| 2019 | +6.79% | +31.09% |
| 2018 | -18.92% | -5.24% |
| 2017 | +27.74% | +20.78% |
| 2016 | +67.55% | +13.59% |
| 2015 | -7.96% | +1.31% |
| 2014 | +1.60% | +14.56% |
| 2013 | +54.41% | +29.00% |
| 2012 | +15.62% | +14.17% |
| 2011 | -38.85% | +0.85% |
| 2010 | +39.39% | +13.14% |
| 2009 | +42.39% | +22.67% |
| 2008 | -49.89% | -36.25% |
| 2007 | -22.81% | +5.32% |
| 2006 | +6.21% | +13.85% |
| 2005 | -2.43% | +5.32% |
| 2004 | +13.83% | +10.75% |
| 2003 | +30.32% | +24.18% |
| 2002 | -21.38% | -22.42% |
| 2001 | +0.62% | -10.13% |
| 2000 | +36.52% | -8.84% |
| 1999 | -20.19% | +8.61% |
CMA vs SPY Drawdown Comparison
The maximum drawdown for CMA was -78.28%, occurring on Mar 5, 2009. Recovery took 2022 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current CMA drawdown is -10.06%.
| Rank | CMA | SPY |
|---|---|---|
| #1 | -78.28% Jun 1, 2007 - Jun 12, 2015 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -72.44% Mar 9, 2018 - Oct 22, 2021 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -67.54% Jan 14, 2022 - Dec 4, 2025 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -44.70% May 23, 2002 - Aug 18, 2004 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -43.82% Nov 5, 1999 - Oct 2, 2000 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -40.49% Jun 24, 2015 - Oct 19, 2016 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -29.64% Mar 8, 2001 - Mar 6, 2002 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -20.73% Oct 30, 2000 - Dec 28, 2000 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -16.52% Jul 20, 2005 - Dec 27, 2006 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -14.67% Oct 4, 2000 - Oct 30, 2000 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -14.32% Jul 11, 2017 - Sep 27, 2017 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -14.21% Nov 12, 2004 - Jul 20, 2005 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -12.28% Mar 1, 2017 - Jun 14, 2017 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -10.95% Nov 23, 2021 - Jan 4, 2022 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -10.23% Jan 4, 2001 - Feb 16, 2001 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between CMA and SPY is 0.82 which considered as a strong positive correlation - the stocks tend to move together.
0.82
-101
Dividend Comparison (1999 - 2026)
CMA vs SPY dividend yield comparison.
| Year | CMA | SPY |
|---|---|---|
| 2026 | 0.00% | 0.24% |
| 2025 | 3.27% | 1.07% |
| 2024 | 4.59% | 1.21% |
| 2023 | 5.09% | 1.40% |
| 2022 | 4.07% | 1.65% |
| 2021 | 3.13% | 1.20% |
| 2020 | 4.87% | 1.52% |
| 2019 | 3.74% | 1.75% |
| 2018 | 2.68% | 2.04% |
| 2017 | 1.26% | 1.80% |
| 2016 | 1.31% | 2.03% |
| 2015 | 1.98% | 2.06% |
| 2014 | 1.69% | 1.87% |
| 2013 | 1.43% | 1.81% |
| 2012 | 1.81% | 2.18% |
| 2011 | 1.55% | 2.05% |
| 2010 | 0.59% | 1.80% |
| 2009 | 0.68% | 1.95% |
| 2008 | 11.64% | 3.02% |
| 2007 | 5.88% | 1.85% |
| 2006 | 4.02% | 1.73% |
| 2005 | 3.88% | 1.73% |
| 2004 | 3.41% | 1.82% |
| 2003 | 3.57% | 1.47% |
| 2002 | 4.44% | 1.70% |
| 2001 | 3.07% | 1.25% |
| 2000 | 2.69% | 1.15% |
| 1999 | 0.77% | 0.24% |
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