CPA vs SPY
Comparison between Copa Holdings S.A. - Class A (CPA, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceCPA has outperformed SPY, delivering a return of +14.9% compared to +13.8%
CPA vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
CPA vs SPY - Historical Returns
Returns include dividend reinvestment.
CPA vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | CPA | SPY |
|---|---|---|
| 2026 | +12.39% | +8.80% |
| 2025 | +49.28% | +18.00% |
| 2024 | -9.54% | +25.59% |
| 2023 | +33.99% | +26.72% |
| 2022 | -0.04% | -18.64% |
| 2021 | +13.51% | +30.52% |
| 2020 | -28.24% | +17.28% |
| 2019 | +36.65% | +31.09% |
| 2018 | -40.81% | -5.24% |
| 2017 | +48.60% | +20.78% |
| 2016 | +98.17% | +13.59% |
| 2015 | -50.76% | +1.31% |
| 2014 | -32.54% | +14.56% |
| 2013 | +62.62% | +29.00% |
| 2012 | +74.56% | +14.17% |
| 2011 | +3.34% | +0.85% |
| 2010 | +10.24% | +13.14% |
| 2009 | +85.10% | +22.67% |
| 2008 | -17.94% | -36.25% |
| 2007 | -21.48% | +5.32% |
| 2006 | +80.72% | +13.85% |
| 2005 | +12.58% | +5.32% |
| 2004 | N/A | +10.75% |
| 2003 | N/A | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
CPA vs SPY Drawdown Comparison
The maximum drawdown for CPA was -78.97%, occurring on Mar 18, 2020. Recovery took 2913 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current CPA drawdown is -11.14%. The current SPY drawdown is -0.92%.
| Rank | CPA | SPY |
|---|---|---|
| #1 | -78.97% Jan 7, 2014 - Aug 7, 2025 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -74.14% Jul 9, 2007 - Jul 1, 2011 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -29.17% Feb 6, 2026 - Mar 30, 2026 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -23.44% Dec 30, 2005 - Aug 22, 2006 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -22.30% Feb 20, 2007 - May 16, 2007 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -18.56% Nov 3, 2011 - Feb 10, 2012 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -17.51% Sep 14, 2011 - Nov 3, 2011 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -13.75% Jul 8, 2011 - Sep 13, 2011 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -12.51% Aug 1, 2013 - Oct 10, 2013 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -11.68% Oct 14, 2025 - Jan 5, 2026 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -11.32% May 16, 2007 - Jun 26, 2007 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -11.22% Oct 23, 2006 - Nov 14, 2006 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -11.17% May 29, 2012 - Sep 13, 2012 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -10.82% Feb 6, 2013 - Mar 18, 2013 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -8.13% Feb 17, 2012 - Mar 20, 2012 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between CPA and SPY is 0.68 which considered as a moderate positive correlation - the stocks show some tendency to move together.
Dividend Comparison (1999 - 2026)
CPA vs SPY dividend yield comparison.
| Year | CPA | SPY |
|---|---|---|
| 2026 | 1.26% | 0.24% |
| 2025 | 5.34% | 1.07% |
| 2024 | 7.33% | 1.21% |
| 2023 | 3.09% | 1.40% |
| 2022 | 0.00% | 1.65% |
| 2021 | 0.00% | 1.20% |
| 2020 | 1.04% | 1.52% |
| 2019 | 2.41% | 1.75% |
| 2018 | 4.42% | 2.04% |
| 2017 | 1.88% | 1.80% |
| 2016 | 2.25% | 2.03% |
| 2015 | 6.96% | 2.06% |
| 2014 | 3.71% | 1.87% |
| 2013 | 0.91% | 1.81% |
| 2012 | 4.37% | 2.18% |
| 2011 | 2.80% | 2.05% |
| 2010 | 1.85% | 1.80% |
| 2009 | 0.68% | 1.95% |
| 2008 | 1.22% | 3.02% |
| 2007 | 0.83% | 1.85% |
| 2006 | 0.41% | 1.73% |
| 2005 | 0.00% | 1.73% |
| 2004 | 0.00% | 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% |
Select Stocks to Compare
More Comparisons
Compare with similar stocks