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DESK vs SPY

Comparison between VANECK OFFICE AND COMMERCIAL REIT ETF (DESK, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).

DESK vs SPY - Performance Comparison

Key Characteristics

Financial metrics and valuation ratios

Net Assets
DESK
$3M
Winner
SPY
$784B
Expense Ratio
DESK
0.51%
Winner
SPY
0.09%
Max Drawdown
Winner
DESK
32.63%
SPY
56.47%
Sharpe Ratio
DESK
0.20
Winner
SPY
1.56
5Y Beta
Winner
DESK
0.80
SPY
1.00
P/E Ratio
DESK
84.59
Winner
SPY
28.29
Forward P/E
DESK
26.53
Winner
SPY
21.75
5Y Dividends CAGR
DESK
N/A
SPY
5.43%
5Y EPS CAGR
DESK
0.71%
Winner
SPY
25.98%
Debt to Equity
DESK
91.95%
Winner
SPY
30.79%
P/S Ratio
DESK
4.11
Winner
SPY
3.79
P/B Ratio
Winner
DESK
1.29
SPY
5.67

DESK vs SPY - Holdings Comparison

DESK and SPY have 7 common holdings. Overlap is 0.24%

DESK's top 25 holdings weight is 100.18%. SPY's top 25 holdings weight is 52.46%.

RankDESKSPY
#1
VORNADO REALTY TRUST (VNO) - 10.94%
NVIDIA CORP (NVDA) - 8.30%
#2
COUSINS PROPERTIES INC (CUZ) - 10.38%
APPLE INC (AAPL) - 7.09%
#3
BXP INC (BXP) - 10.26%
MICROSOFT CORP (MSFT) - 5.02%
#4
COPT DEFENSE PROPERTIES (CDP) - 8.09%
AMAZON.COM INC (AMZN) - 3.84%
#5
SL GREEN REALTY CORP (SLG) - 8.04%
BROADCOM INC (AVGO) - 3.50%
#6
KILROY REALTY CORP (KRC) - 4.80%
ALPHABET INC CLASS A (GOOGL) - 3.23%
#7
HIGHWOODS PROPERTIES INC (HIW) - 4.78%
ALPHABET INC CLASS C (GOOG) - 2.57%
#8
DOUGLAS EMMETT INC (DEI) - 4.63%
META PLATFORMS INC CLASS A (META) - 2.00%
#9
PROLOGIS INC (PLD) - 3.88%
MICRON TECHNOLOGY INC (MU) - 1.84%
#10
SIMON PROPERTY GROUP INC (SPG) - 3.87%
TESLA INC (TSLA) - 1.83%
#11
PIEDMONT REALTY TRUST INC CLASS A (PDM) - 3.60%
BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.32%
#12
REALTY INCOME CORP (O) - 3.42%
ADVANCED MICRO DEVICES INC (AMD) - 1.30%
#13
EASTERLY GOVERNMENT PROPERTIES INC (DEA) - 3.34%
ELI LILLY AND CO (LLY) - 1.29%
#14
AMERICAN ASSETS TRUST INC (AAT) - 2.68%
JPMORGAN CHASE & CO (JPM) - 1.24%
#15
EMPIRE STATE REALTY TRUST INC CLASS A (ESRT) - 2.55%
EXXON MOBIL CORP (XOM) - 0.96%
#16
ALEXANDER'S INC (ALX) - 2.16%
JOHNSON & JOHNSON (JNJ) - 0.82%
#17
JBG SMITH PROPERTIES (JBGS) - 2.05%
VISA INC CLASS A (V) - 0.82%
#18
W.P. CAREY INC (WPC) - 1.95%
INTEL CORP (INTC) - 0.78%
#19
HUDSON PACIFIC PROPERTIES INC (HPP) - 1.90%
CISCO SYSTEMS INC (CSCO) - 0.77%
#20
KIMCO REALTY CORP (KIM) - 1.61%
WALMART INC (WMT) - 0.76%
#21
BRANDYWINE REALTY TRUST (BDN) - 1.52%
COSTCO WHOLESALE CORP (COST) - 0.65%
#22
BRIXMOR PROPERTY GROUP INC (BRX) - 1.08%
CATERPILLAR INC (CAT) - 0.65%
#23
REGENCY CENTERS CORP (REG) - 1.08%
ORACLE CORP (ORCL) - 0.64%
#24
AGREE REALTY CORP (ADC) - 0.87%
LAM RESEARCH CORP (LRCX) - 0.64%
#25
REXFORD INDUSTRIAL REALTY INC (REXR) - 0.70%
APPLIED MATERIALS INC (AMAT) - 0.60%
Total Holdings26505

DESK vs SPY - Historical Returns

Returns include dividend reinvestment.

1M
Winner
DESK
+12.19%
SPY
+2.12%
3M
Winner
DESK
+24.58%
SPY
+13.14%
6M
DESK
+10.70%
Winner
SPY
+11.52%
1Y
DESK
+4.95%
Winner
SPY
+26.68%
5Y(CAGR)
DESK
N/A
SPY
+13.75%
10Y(CAGR)
DESK
N/A
SPY
+15.65%
Max(CAGR)
Winner
DESK
+13.21%
SPY
+8.56%

DESK vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

YearDESKSPY
2026+13.14%+10.80%
2025-10.21%+18.00%
2024+14.33%+25.59%
2023+18.91%+26.72%
2022N/A-18.64%
2021N/A+30.52%
2020N/A+17.28%
2019N/A+31.09%
2018N/A-5.24%
2017N/A+20.78%
2016N/A+13.59%
2015N/A+1.31%
2014N/A+14.56%
2013N/A+29.00%
2012N/A+14.17%
2011N/A+0.85%
2010N/A+13.14%
2009N/A+22.67%
2008N/A-36.25%
2007N/A+5.32%
2006N/A+13.85%
2005N/A+5.32%
2004N/A+10.75%
2003N/A+24.18%
2002N/A-22.42%
2001N/A-10.13%
2000N/A-8.84%
1999N/A+8.61%

DESK vs SPY Drawdown Comparison

The maximum drawdown for DESK was -28.65%, occurring on Mar 27, 2026. 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 DESK drawdown is -7.06%. The current SPY drawdown is -0.62%.

RankDESKSPY
#1-28.65%
Oct 18, 2024 - Mar 27, 2026		-55.20%
Oct 9, 2007 - Aug 16, 2012
#2-14.58%
Dec 14, 2023 - Jul 16, 2024		-47.50%
Mar 24, 2000 - Oct 26, 2006
#3-11.95%
Sep 21, 2023 - Nov 29, 2023		-33.70%
Feb 19, 2020 - Aug 10, 2020
#4-6.56%
Jul 30, 2024 - Aug 21, 2024		-24.50%
Jan 3, 2022 - Dec 13, 2023
#5-2.65%
Jul 16, 2024 - Jul 23, 2024		-19.34%
Sep 20, 2018 - Apr 12, 2019
#6-2.61%
Sep 24, 2024 - Oct 14, 2024		-18.76%
Feb 19, 2025 - Jun 26, 2025
#7-2.12%
Aug 30, 2024 - Sep 12, 2024		-13.02%
Jul 20, 2015 - Apr 18, 2016
#8-2.09%
Jul 23, 2024 - Jul 26, 2024		-10.10%
Jan 26, 2018 - Aug 6, 2018
#9-1.77%
Dec 4, 2023 - Dec 7, 2023		-9.44%
Sep 2, 2020 - Nov 11, 2020
#10-1.73%
Dec 7, 2023 - Dec 13, 2023		-9.30%
Jan 19, 2000 - Mar 17, 2000
#11-1.26%
Sep 19, 2024 - Sep 24, 2024		-9.05%
Jul 19, 2007 - Oct 5, 2007
#12-0.50%
Sep 16, 2024 - Sep 18, 2024		-8.88%
Jan 27, 2026 - Apr 14, 2026
#13-0.41%
Aug 27, 2024 - Aug 30, 2024		-8.41%
Jul 16, 2024 - Sep 19, 2024
#14-0.40%
Aug 21, 2024 - Aug 23, 2024		-7.35%
Sep 14, 2012 - Jan 2, 2013
#15-0.13%
Nov 29, 2023 - Dec 1, 2023		-7.27%
Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between DESK and SPY is 0.61 which considered as a moderate positive correlation - the stocks show some tendency to move together.

0.61
-101

Dividend Comparison (1999 - 2026)

DESK vs SPY dividend yield comparison.

YearDESKSPY
20261.57%0.24%
20255.15%1.07%
20243.78%1.21%
20231.73%1.40%
20220.00%1.65%
20210.00%1.20%
20200.00%1.52%
20190.00%1.75%
20180.00%2.04%
20170.00%1.80%
20160.00%2.03%
20150.00%2.06%
20140.00%1.87%
20130.00%1.81%
20120.00%2.18%
20110.00%2.05%
20100.00%1.80%
20090.00%1.95%
20080.00%3.02%
20070.00%1.85%
20060.00%1.73%
20050.00%1.73%
20040.00%1.82%
20030.00%1.47%
20020.00%1.70%
20010.00%1.25%
20000.00%1.15%
19990.00%0.24%

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