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DX vs SPY

Comparison between Dynex Capital Inc (DX, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceSPY has outperformed DX, delivering a return of +13.4% compared to +3.9%

DX vs SPY - Performance Comparison

Key Characteristics

Financial metrics and valuation ratios

Market Cap / Net Assets
DX
$2.64B
Winner
SPY
$784B
Expense Ratio
DX
N/A
SPY
0.09%
Max Drawdown
DX
95.10%
Winner
SPY
56.47%
Sharpe Ratio
DX
1.03
Winner
SPY
1.50
5Y Beta
Winner
DX
0.54
SPY
1.00
Industry
DX
Reit - Mortgage
SPY
N/A
P/E Ratio
Winner
DX
8.00
SPY
28.29
Forward P/E
Winner
DX
9.75
SPY
21.76
PEG Ratio
DX
0.09
SPY
N/A
Dividend Yield
DX
16.00%
SPY
N/A
5Y Dividends CAGR
DX
5.26%
Winner
SPY
5.43%
5Y EPS CAGR
DX
-36.70%
Winner
SPY
25.98%
Debt to Equity
Winner
DX
0.00%
SPY
30.79%
Free Cash Flow Yield
DX
6.97%
SPY
N/A
P/S Ratio
DX
9.17
Winner
SPY
3.79
P/B Ratio
Winner
DX
1.06
SPY
5.67

DX vs SPY - Historical Returns

Returns include dividend reinvestment.

1M
DX
-1.53%
Winner
SPY
+0.48%
3M
DX
+0.83%
Winner
SPY
+11.67%
6M
DX
+2.97%
Winner
SPY
+9.42%
1Y
DX
+21.76%
Winner
SPY
+24.27%
5Y(CAGR)
DX
+3.88%
Winner
SPY
+13.36%
10Y(CAGR)
DX
+7.60%
Winner
SPY
+15.42%
Max(CAGR)
DX
+6.84%
Winner
SPY
+8.49%

DX vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

YearDXSPY
2026-2.23%+8.88%
2025+28.36%+18.00%
2024+14.41%+25.59%
2023+9.78%+26.72%
2022-16.95%-18.64%
2021+3.55%+30.52%
2020+17.01%+17.28%
2019+8.86%+31.09%
2018-7.84%-5.24%
2017+11.27%+20.78%
2016+21.23%+13.59%
2015-13.51%+1.31%
2014+16.71%+14.56%
2013-7.63%+29.00%
2012+15.40%+14.17%
2011-5.53%+0.85%
2010+36.56%+13.14%
2009+36.43%+22.67%
2008-19.22%-36.25%
2007+25.64%+5.32%
2006+3.05%+13.85%
2005-11.65%+5.32%
2004+26.54%+10.75%
2003+31.18%+24.18%
2002+136.10%-22.42%
2001+140.00%-10.13%
2000-85.47%-8.84%
1999+3.01%+8.61%

DX vs SPY Drawdown Comparison

The maximum drawdown for DX was -95.10%, occurring on Aug 22, 2000. Recovery took 2017 trading sessions.

The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.

The current DX drawdown is -7.70%. The current SPY drawdown is -2.35%.

RankDXSPY
#1-95.10%
Feb 4, 2000 - Feb 14, 2008		-55.20%
Oct 9, 2007 - Aug 16, 2012
#2-56.79%
Feb 20, 2020 - Jan 20, 2021		-47.50%
Mar 24, 2000 - Oct 26, 2006
#3-38.57%
Jun 9, 2021 - Feb 5, 2025		-33.70%
Feb 19, 2020 - Aug 10, 2020
#4-37.33%
Feb 29, 2008 - Jul 30, 2009		-24.50%
Jan 3, 2022 - Dec 13, 2023
#5-29.70%
Nov 10, 1999 - Jan 7, 2000		-19.34%
Sep 20, 2018 - Apr 12, 2019
#6-29.43%
May 14, 2013 - Aug 5, 2016		-18.76%
Feb 19, 2025 - Jun 26, 2025
#7-25.00%
Dec 31, 2010 - Apr 26, 2012		-13.02%
Jul 20, 2015 - Apr 18, 2016
#8-21.87%
Mar 18, 2025 - Oct 13, 2025		-10.10%
Jan 26, 2018 - Aug 6, 2018
#9-20.86%
Apr 24, 2019 - Jan 6, 2020		-9.44%
Sep 2, 2020 - Nov 11, 2020
#10-16.21%
Sep 20, 2012 - Feb 19, 2013		-9.30%
Jan 19, 2000 - Mar 17, 2000
#11-16.13%
Oct 16, 2017 - Apr 22, 2019		-9.05%
Jul 19, 2007 - Oct 5, 2007
#12-16.00%
Jan 10, 2000 - Feb 4, 2000		-8.88%
Jan 27, 2026 - Apr 14, 2026
#13-15.29%
Jan 27, 2026 - Mar 27, 2026		-8.41%
Jul 16, 2024 - Sep 19, 2024
#14-11.44%
Sep 7, 2016 - Apr 11, 2017		-7.35%
Sep 14, 2012 - Jan 2, 2013
#15-9.59%
Aug 5, 2009 - Dec 9, 2009		-7.27%
Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between DX and SPY is 0.90 which considered as a strong positive correlation - the stocks tend to move together.

0.90
-101

Dividend Comparison (1999 - 2026)

DX vs SPY dividend yield comparison.

YearDXSPY
20267.89%0.24%
202514.13%1.07%
202411.46%1.21%
202312.46%1.40%
202212.26%1.65%
20219.34%1.20%
20209.33%1.52%
201911.87%1.75%
201812.59%2.04%
201710.27%1.80%
201612.32%2.03%
201515.12%2.06%
201412.12%1.87%
201314.00%1.81%
201212.18%2.18%
201111.94%2.05%
20108.97%1.80%
200910.54%1.95%
200810.86%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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