EQH vs SPY

Comparison between Equitable Holdings Inc (EQH, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceSPY has outperformed EQH, delivering a return of +13.3% compared to +6.6%

EQH vs SPY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	EQH(COMPANY)	SPY(ETF)
Market Cap / Net Assets	$12B	$652B
Expense Ratio	N/A	0.09%
Max Drawdown	61.62%	56.47%
Sharpe Ratio	-0.45	2.07
5Y Beta	1.38	1.00
Industry	Asset Management	N/A
P/E Ratio	-9.27	28.24
Forward P/E	4.58	21.85
Dividend Yield	2.32%	N/A
5Y Dividends CAGR	9.72%	5.43%
5Y EPS CAGR	25.02%	25.79%
Debt to Equity	-5216.22%	22.35%
Free Cash Flow Yield	5.76%	N/A
P/S Ratio	1.09	3.55
P/B Ratio	164.14	5.29

Market Cap / Net Assets

EQH

$12B

Winner

SPY

$652B

Expense Ratio

EQH

N/A

SPY

0.09%

Max Drawdown

EQH

61.62%

Winner

SPY

56.47%

Sharpe Ratio

EQH

-0.45

Winner

SPY

2.07

5Y Beta

EQH

1.38

Winner

SPY

1.00

Industry

EQH

Asset Management

SPY

N/A

P/E Ratio

Winner

EQH

-9.27

SPY

28.24

Forward P/E

Winner

EQH

4.58

SPY

21.85

Dividend Yield

EQH

2.32%

SPY

N/A

5Y Dividends CAGR

Winner

EQH

9.72%

SPY

5.43%

5Y EPS CAGR

EQH

25.02%

Winner

SPY

25.79%

Debt to Equity

Winner

EQH

-5216.22%

SPY

22.35%

Free Cash Flow Yield

EQH

5.76%

SPY

N/A

P/S Ratio

Winner

EQH

1.09

SPY

3.55

P/B Ratio

EQH

164.14

Winner

SPY

5.29

EQH vs SPY - Historical Returns

Returns include dividend reinvestment.

Period	EQH	SPY
1 month	+9.76%	+9.11%
3 months	-6.72%	+6.59%
6 months	-4.64%	+10.56%
1 year	-14.78%	+32.04%
5 years(CAGR)	+6.61%	+13.35%
10 years(CAGR)	N/A	+15.49%
Max(CAGR)	+12.47%	+8.50%

Winner

EQH

+9.76%

SPY

+9.11%

EQH

-6.72%

Winner

SPY

+6.59%

EQH

-4.64%

Winner

SPY

+10.56%

EQH

-14.78%

Winner

SPY

+32.04%

5Y(CAGR)

EQH

+6.61%

Winner

SPY

+13.35%

10Y(CAGR)

EQH

N/A

SPY

+15.49%

Max(CAGR)

Winner

EQH

+12.47%

SPY

+8.50%

EQH vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	EQH	SPY
2026	-10.53%	+8.27%
2025	+2.13%	+18.00%
2024	+45.79%	+25.59%
2023	+19.98%	+26.72%
2022	-11.54%	-18.64%
2021	+35.63%	+30.52%
2020	+6.06%	+17.28%
2019	+55.18%	+31.09%
2018	-17.22%	-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%

EQH vs SPY Drawdown Comparison

The maximum drawdown for EQH was -61.31%, occurring on Mar 23, 2020. Recovery took 194 trading sessions.

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

The current EQH drawdown is -22.64%.

Rank	EQH	SPY
#1	-61.31% Feb 20, 2020 - Nov 24, 2020	-55.20% Oct 9, 2007 - Aug 16, 2012
#2	-35.87% Jun 30, 2025 - Mar 27, 2026	-47.50% Mar 24, 2000 - Oct 26, 2006
#3	-35.10% Feb 10, 2022 - Dec 14, 2023	-33.70% Feb 19, 2020 - Aug 10, 2020
#4	-34.83% Sep 4, 2018 - May 3, 2019	-24.50% Jan 3, 2022 - Dec 13, 2023
#5	-20.65% Feb 19, 2025 - Jun 26, 2025	-19.34% Sep 20, 2018 - Apr 12, 2019
#6	-19.60% May 5, 2021 - Nov 4, 2021	-18.76% Feb 19, 2025 - Jun 26, 2025
#7	-15.04% Jul 31, 2024 - Oct 11, 2024	-13.02% Jul 20, 2015 - Apr 18, 2016
#8	-13.18% Nov 4, 2021 - Jan 7, 2022	-10.10% Jan 26, 2018 - Aug 6, 2018
#9	-13.03% Jul 24, 2019 - Sep 27, 2019	-9.44% Sep 2, 2020 - Nov 11, 2020
#10	-12.24% May 3, 2019 - Jul 23, 2019	-9.30% Jan 19, 2000 - Mar 17, 2000
#11	-11.55% Nov 6, 2024 - Jan 15, 2025	-9.05% Jul 19, 2007 - Oct 5, 2007
#12	-11.29% Jan 14, 2021 - Feb 16, 2021	-8.88% Jan 27, 2026 - Apr 14, 2026
#13	-11.09% Jan 14, 2022 - Feb 9, 2022	-8.41% Jul 16, 2024 - Sep 19, 2024
#14	-10.91% Sep 27, 2019 - Oct 28, 2019	-7.35% Sep 14, 2012 - Jan 2, 2013
#15	-8.85% Dec 4, 2020 - Jan 12, 2021	-7.27% Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between EQH and SPY is 0.94 which considered as a very strong positive correlation - the stocks move almost identically together.

0.94

-101

Dividend Comparison (1999 - 2026)

EQH vs SPY dividend yield comparison.

Year	EQH	SPY
2026	0.63%	0.24%
2025	2.20%	1.07%
2024	1.99%	1.21%
2023	2.58%	1.40%
2022	2.72%	1.65%
2021	2.17%	1.20%
2020	2.58%	1.52%
2019	2.34%	1.75%
2018	1.56%	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%