DLO vs SPY

Comparison between DLocal Ltd Class A (DLO, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceSPY has outperformed DLO, delivering a return of +14.0% compared to -17.3%

DLO vs SPY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	DLO(COMPANY)	SPY(ETF)
Market Cap / Net Assets	$3.57B	$735B
Expense Ratio	N/A	0.09%
Max Drawdown	89.99%	56.47%
Sharpe Ratio	0.37	1.91
5Y Beta	1.15	1.00
Industry	Software - Infrastructure	N/A
P/E Ratio	18.67	28.68
Forward P/E	13.53	22.19
PEG Ratio	0.62	N/A
Dividend Yield	1.63%	N/A
5Y Dividends CAGR	N/A	5.43%
5Y EPS CAGR	33.22%	26.37%
Debt to Equity	0.50%	34.04%
Free Cash Flow Yield	10.39%	N/A
P/S Ratio	2.94	3.76
P/B Ratio	6.34	5.55

Market Cap / Net Assets

DLO

$3.57B

Winner

SPY

$735B

Expense Ratio

DLO

N/A

SPY

0.09%

Max Drawdown

DLO

89.99%

Winner

SPY

56.47%

Sharpe Ratio

DLO

0.37

Winner

SPY

1.91

5Y Beta

DLO

1.15

Winner

SPY

1.00

Industry

DLO

Software - Infrastructure

SPY

N/A

P/E Ratio

Winner

DLO

18.67

SPY

28.68

Forward P/E

Winner

DLO

13.53

SPY

22.19

PEG Ratio

DLO

0.62

SPY

N/A

Dividend Yield

DLO

1.63%

SPY

N/A

5Y Dividends CAGR

DLO

N/A

SPY

5.43%

5Y EPS CAGR

Winner

DLO

33.22%

SPY

26.37%

Debt to Equity

Winner

DLO

0.50%

SPY

34.04%

Free Cash Flow Yield

DLO

10.39%

SPY

N/A

P/S Ratio

Winner

DLO

2.94

SPY

3.76

P/B Ratio

DLO

6.34

Winner

SPY

5.55

DLO vs SPY - Historical Returns

Returns include dividend reinvestment.

Period	DLO	SPY
1 month	-9.60%	+4.84%
3 months	-2.82%	+9.57%
6 months	-4.59%	+13.79%
1 year	+8.24%	+29.34%
5 years(CAGR)	-17.27%	+13.98%
10 years(CAGR)	N/A	+15.66%
Max(CAGR)	-17.27%	+8.53%

DLO

-9.60%

Winner

SPY

+4.84%

DLO

-2.82%

Winner

SPY

+9.57%

DLO

-4.59%

Winner

SPY

+13.79%

DLO

+8.24%

Winner

SPY

+29.34%

5Y(CAGR)

DLO

-17.27%

Winner

SPY

+13.98%

10Y(CAGR)

DLO

N/A

SPY

+15.66%

Max(CAGR)

DLO

-17.27%

Winner

SPY

+8.53%

DLO vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	DLO	SPY
2026	-14.29%	+9.45%
2025	+26.79%	+18.00%
2024	-35.10%	+25.59%
2023	+15.09%	+26.72%
2022	-56.07%	-18.64%
2021	+10.19%	+30.52%
2020	N/A	+17.28%
2019	N/A	+31.09%
2018	N/A	-5.24%
2017	N/A	+20.78%
2016	N/A	+13.59%
2015	N/A	+1.31%
2014	N/A	+14.56%
2013	N/A	+29.00%
2012	N/A	+14.17%
2011	N/A	+0.85%
2010	N/A	+13.14%
2009	N/A	+22.67%
2008	N/A	-36.25%
2007	N/A	+5.32%
2006	N/A	+13.85%
2005	N/A	+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%

DLO vs SPY Drawdown Comparison

The maximum drawdown for DLO was -89.99%, occurring on Aug 5, 2024. 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 DLO drawdown is -81.69%. The current SPY drawdown is -0.34%.

Rank	DLO	SPY
#1	-89.99% Aug 24, 2021 - Aug 5, 2024	-55.20% Oct 9, 2007 - Aug 16, 2012
#2	-19.61% Jul 2, 2021 - Aug 19, 2021	-47.50% Mar 24, 2000 - Oct 26, 2006
#3	-10.20% Jun 4, 2021 - Jun 18, 2021	-33.70% Feb 19, 2020 - Aug 10, 2020
#4	-2.88% Aug 20, 2021 - Aug 24, 2021	-24.50% Jan 3, 2022 - Dec 13, 2023
#5	-0.88% Jun 30, 2021 - Jul 2, 2021	-19.34% Sep 20, 2018 - Apr 12, 2019
#6	N/A	-18.76% Feb 19, 2025 - Jun 26, 2025
#7	N/A	-13.02% Jul 20, 2015 - Apr 18, 2016
#8	N/A	-10.10% Jan 26, 2018 - Aug 6, 2018
#9	N/A	-9.44% Sep 2, 2020 - Nov 11, 2020
#10	N/A	-9.30% Jan 19, 2000 - Mar 17, 2000
#11	N/A	-9.05% Jul 19, 2007 - Oct 5, 2007
#12	N/A	-8.88% Jan 27, 2026 - Apr 14, 2026
#13	N/A	-8.41% Jul 16, 2024 - Sep 19, 2024
#14	N/A	-7.35% Sep 14, 2012 - Jan 2, 2013
#15	N/A	-7.27% Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between DLO and SPY is -0.47 which considered as a weak negative correlation - the stocks show a slight tendency to move in opposite directions.

-0.47

-101

Dividend Comparison (1999 - 2026)

DLO vs SPY dividend yield comparison.

Year	DLO	SPY
2026	0.00%	0.24%
2025	3.71%	1.07%
2024	0.00%	1.21%
2023	0.00%	1.40%
2022	0.00%	1.65%
2021	0.00%	1.20%
2020	0.00%	1.52%
2019	0.00%	1.75%
2018	0.00%	2.04%
2017	0.00%	1.80%
2016	0.00%	2.03%
2015	0.00%	2.06%
2014	0.00%	1.87%
2013	0.00%	1.81%
2012	0.00%	2.18%
2011	0.00%	2.05%
2010	0.00%	1.80%
2009	0.00%	1.95%
2008	0.00%	3.02%
2007	0.00%	1.85%
2006	0.00%	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%