DOW vs SPY

Comparison between Dow Inc (DOW, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceSPY has outperformed DOW, delivering a return of +13.3% compared to -6.9%

DOW vs SPY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	DOW(COMPANY)	SPY(ETF)
Market Cap / Net Assets	$28B	$652B
Expense Ratio	N/A	0.09%
Max Drawdown	70.88%	56.47%
Sharpe Ratio	0.83	2.07
5Y Beta	1.02	1.00
Industry	Chemicals	N/A
P/E Ratio	-17.01	28.24
Forward P/E	16.50	21.85
PEG Ratio	38.89	N/A
Dividend Yield	4.69%	N/A
5Y Dividends CAGR	-6.89%	5.43%
5Y EPS CAGR	N/A	25.79%
Debt to Equity	0.00%	22.35%
Free Cash Flow Yield	7.44%	N/A
P/S Ratio	0.71	3.55
P/B Ratio	1.92	5.29

Market Cap / Net Assets

DOW

$28B

Winner

SPY

$652B

Expense Ratio

DOW

N/A

SPY

0.09%

Max Drawdown

DOW

70.88%

Winner

SPY

56.47%

Sharpe Ratio

DOW

0.83

Winner

SPY

2.07

5Y Beta

DOW

1.02

Winner

SPY

1.00

Industry

DOW

Chemicals

SPY

N/A

P/E Ratio

Winner

DOW

-17.01

SPY

28.24

Forward P/E

Winner

DOW

16.50

SPY

21.85

PEG Ratio

DOW

38.89

SPY

N/A

Dividend Yield

DOW

4.69%

SPY

N/A

5Y Dividends CAGR

DOW

-6.89%

Winner

SPY

5.43%

5Y EPS CAGR

DOW

N/A

SPY

25.79%

Debt to Equity

Winner

DOW

0.00%

SPY

22.35%

Free Cash Flow Yield

DOW

7.44%

SPY

N/A

P/S Ratio

Winner

DOW

0.71

SPY

3.55

P/B Ratio

Winner

DOW

1.92

SPY

5.29

DOW vs SPY - Historical Returns

Returns include dividend reinvestment.

Period	DOW	SPY
1 month	-6.14%	+9.11%
3 months	+16.24%	+6.59%
6 months	+69.75%	+10.56%
1 year	+34.55%	+32.04%
5 years(CAGR)	-6.87%	+13.35%
10 years(CAGR)	N/A	+15.49%
Max(CAGR)	+1.25%	+8.50%

DOW

-6.14%

Winner

SPY

+9.11%

Winner

DOW

+16.24%

SPY

+6.59%

Winner

DOW

+69.75%

SPY

+10.56%

Winner

DOW

+34.55%

SPY

+32.04%

5Y(CAGR)

DOW

-6.87%

Winner

SPY

+13.35%

10Y(CAGR)

DOW

N/A

SPY

+15.49%

Max(CAGR)

DOW

+1.25%

Winner

SPY

+8.50%

DOW vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	DOW	SPY
2026	+53.65%	+8.27%
2025	-36.48%	+18.00%
2024	-23.49%	+25.59%
2023	+13.24%	+26.72%
2022	-6.94%	-18.64%
2021	+9.75%	+30.52%
2020	+9.98%	+17.28%
2019	+14.79%	+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%

DOW vs SPY Drawdown Comparison

The maximum drawdown for DOW was -64.39%, occurring on Aug 11, 2025. 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 DOW drawdown is -34.52%.

Rank	DOW	SPY
#1	-64.39% May 4, 2022 - Aug 11, 2025	-55.20% Oct 9, 2007 - Aug 16, 2012
#2	-60.83% Apr 4, 2019 - Nov 17, 2020	-47.50% Mar 24, 2000 - Oct 26, 2006
#3	-23.53% Jun 3, 2021 - Apr 21, 2022	-33.70% Feb 19, 2020 - Aug 10, 2020
#4	-14.97% Jan 12, 2021 - Feb 22, 2021	-24.50% Jan 3, 2022 - Dec 13, 2023
#5	-7.97% Mar 17, 2021 - May 4, 2021	-19.34% Sep 20, 2018 - Apr 12, 2019
#6	-7.02% Nov 24, 2020 - Jan 6, 2021	-18.76% Feb 19, 2025 - Jun 26, 2025
#7	-5.81% Feb 24, 2021 - Mar 8, 2021	-13.02% Jul 20, 2015 - Apr 18, 2016
#8	-4.33% Apr 21, 2022 - May 4, 2022	-10.10% Jan 26, 2018 - Aug 6, 2018
#9	-3.74% May 17, 2021 - Jun 1, 2021	-9.44% Sep 2, 2020 - Nov 11, 2020
#10	-2.41% Mar 20, 2019 - Mar 27, 2019	-9.30% Jan 19, 2000 - Mar 17, 2000
#11	-2.24% Mar 12, 2021 - Mar 17, 2021	-9.05% Jul 19, 2007 - Oct 5, 2007
#12	-2.09% May 6, 2021 - May 14, 2021	-8.88% Jan 27, 2026 - Apr 14, 2026
#13	-2.07% Jun 1, 2021 - Jun 3, 2021	-8.41% Jul 16, 2024 - Sep 19, 2024
#14	-1.86% Mar 8, 2021 - Mar 10, 2021	-7.35% Sep 14, 2012 - Jan 2, 2013
#15	-1.10% Nov 19, 2020 - Nov 23, 2020	-7.27% Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between DOW and SPY is -0.11 which considered as a very weak or no correlation - the stocks move independently of each other.

-0.11

-101

Dividend Comparison (1999 - 2026)

DOW vs SPY dividend yield comparison.

Year	DOW	SPY
2026	0.95%	0.24%
2025	8.98%	1.07%
2024	6.98%	1.21%
2023	5.11%	1.40%
2022	5.56%	1.65%
2021	4.94%	1.20%
2020	5.05%	1.52%
2019	3.84%	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%