DOC vs SPY
Comparison between Healthpeak OP LLC (DOC, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed DOC, delivering a return of +13.3% compared to -5.2%
DOC vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Market Cap / Net Assets
DOC
$14B
Winner
SPY
$652B
Expense Ratio
DOC
N/A
SPY
0.09%
Max Drawdown
DOC
71.87%
Winner
SPY
56.47%
Sharpe Ratio
DOC
0.70
Winner
SPY
2.07
5Y Beta
Winner
DOC
0.53
SPY
1.00
Industry
DOC
Reit - Healthcare Facilities
SPY
N/A
P/E Ratio
DOC
61.00
Winner
SPY
28.24
Forward P/E
DOC
129.87
Winner
SPY
21.85
PEG Ratio
DOC
4.32
SPY
N/A
Dividend Yield
DOC
6.21%
SPY
N/A
5Y Dividends CAGR
DOC
-1.28%
Winner
SPY
5.43%
5Y EPS CAGR
DOC
-9.29%
Winner
SPY
25.79%
Debt to Equity
DOC
133.18%
Winner
SPY
22.35%
Free Cash Flow Yield
DOC
9.10%
SPY
N/A
P/S Ratio
DOC
4.72
Winner
SPY
3.55
P/B Ratio
Winner
DOC
1.73
SPY
5.29
DOC vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
Winner
DOC
+18.37%
SPY
+9.11%
3M
Winner
DOC
+18.64%
SPY
+6.59%
6M
Winner
DOC
+14.14%
SPY
+10.56%
1Y
DOC
+21.02%
Winner
SPY
+32.04%
5Y(CAGR)
DOC
-5.20%
Winner
SPY
+13.35%
10Y(CAGR)
DOC
-0.85%
Winner
SPY
+15.49%
Max(CAGR)
DOC
+7.78%
Winner
SPY
+8.50%
DOC vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | DOC | SPY |
|---|---|---|
| 2026 | +24.03% | +8.27% |
| 2025 | -14.70% | +18.00% |
| 2024 | +7.60% | +25.59% |
| 2023 | -17.62% | +26.72% |
| 2022 | -27.59% | -18.64% |
| 2021 | +29.49% | +30.52% |
| 2020 | -5.51% | +17.28% |
| 2019 | +33.66% | +31.09% |
| 2018 | +14.43% | -5.24% |
| 2017 | -7.93% | +20.78% |
| 2016 | -17.47% | +13.59% |
| 2015 | -9.72% | +1.31% |
| 2014 | +28.19% | +14.56% |
| 2013 | -16.49% | +29.00% |
| 2012 | +12.96% | +14.17% |
| 2011 | +16.75% | +0.85% |
| 2010 | +29.51% | +13.14% |
| 2009 | +25.34% | +22.67% |
| 2008 | -14.31% | -36.25% |
| 2007 | -0.55% | +5.32% |
| 2006 | +51.23% | +13.85% |
| 2005 | -0.70% | +5.32% |
| 2004 | +16.63% | +10.75% |
| 2003 | +44.72% | +24.18% |
| 2002 | +13.43% | -22.42% |
| 2001 | +33.86% | -10.13% |
| 2000 | +38.75% | -8.84% |
| 1999 | -10.09% | +8.61% |
DOC vs SPY Drawdown Comparison
The maximum drawdown for DOC was -60.99%, occurring on Nov 20, 2008. Recovery took 470 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current DOC drawdown is -31.29%.
| Rank | DOC | SPY |
|---|---|---|
| #1 | -60.99% Sep 18, 2008 - Aug 2, 2010 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -54.06% Aug 5, 2021 - Oct 31, 2023 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -49.15% May 21, 2013 - Jul 26, 2021 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -37.71% Feb 7, 2007 - Sep 18, 2008 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -27.18% Apr 28, 2011 - Oct 28, 2011 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -24.17% Mar 3, 2004 - Oct 26, 2004 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -22.70% Dec 2, 2002 - Jun 11, 2003 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -19.13% Nov 2, 1999 - Apr 17, 2000 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -16.17% Oct 26, 2004 - Jun 1, 2005 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -14.38% Sep 20, 2010 - Feb 14, 2011 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -13.49% Aug 3, 2005 - Jan 27, 2006 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -11.51% Jun 20, 2002 - Jul 29, 2002 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -10.89% Feb 8, 2012 - Jun 14, 2012 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -10.50% Mar 17, 2006 - Aug 10, 2006 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -9.51% Oct 28, 2011 - Dec 21, 2011 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between DOC and SPY is 0.51 which considered as a moderate positive correlation - the stocks show some tendency to move together.
0.51
-101
Dividend Comparison (1999 - 2026)
DOC vs SPY dividend yield comparison.
| Year | DOC | SPY |
|---|---|---|
| 2026 | 2.07% | 0.24% |
| 2025 | 7.59% | 1.07% |
| 2024 | 5.92% | 1.21% |
| 2023 | 6.06% | 1.40% |
| 2022 | 4.79% | 1.65% |
| 2021 | 3.33% | 1.20% |
| 2020 | 4.90% | 1.52% |
| 2019 | 4.29% | 1.75% |
| 2018 | 5.30% | 2.04% |
| 2017 | 5.67% | 1.80% |
| 2016 | 7.05% | 2.03% |
| 2015 | 5.91% | 2.06% |
| 2014 | 4.95% | 1.87% |
| 2013 | 5.78% | 1.81% |
| 2012 | 4.43% | 2.18% |
| 2011 | 4.63% | 2.05% |
| 2010 | 5.06% | 1.80% |
| 2009 | 6.02% | 1.95% |
| 2008 | 6.55% | 3.02% |
| 2007 | 5.12% | 1.85% |
| 2006 | 4.62% | 1.73% |
| 2005 | 6.57% | 1.73% |
| 2004 | 6.03% | 1.82% |
| 2003 | 6.54% | 1.47% |
| 2002 | 8.51% | 1.70% |
| 2001 | 8.56% | 1.25% |
| 2000 | 9.84% | 1.15% |
| 1999 | 0.00% | 0.24% |
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