EQNR vs SPY

Comparison between Equinor ASA (EQNR, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceEQNR has outperformed SPY, delivering a return of +19.5% compared to +13.3%

EQNR vs SPY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	EQNR(COMPANY)	SPY(ETF)
Market Cap / Net Assets	$96B	$652B
Expense Ratio	N/A	0.09%
Max Drawdown	69.20%	56.47%
Sharpe Ratio	1.59	2.07
5Y Beta	0.24	1.00
Industry	Oil & Gas Integrated	N/A
P/E Ratio	20.34	28.24
Forward P/E	9.04	21.85
PEG Ratio	1.03	N/A
Dividend Yield	4.25%	N/A
5Y Dividends CAGR	12.54%	5.43%
5Y EPS CAGR	N/A	25.79%
Debt to Equity	82.73%	22.35%
Free Cash Flow Yield	6.26%	N/A
P/S Ratio	0.89	3.55
P/B Ratio	2.55	5.29

Market Cap / Net Assets

EQNR

$96B

Winner

SPY

$652B

Expense Ratio

EQNR

N/A

SPY

0.09%

Max Drawdown

EQNR

69.20%

Winner

SPY

56.47%

Sharpe Ratio

EQNR

1.59

Winner

SPY

2.07

5Y Beta

Winner

EQNR

0.24

SPY

1.00

Industry

EQNR

Oil & Gas Integrated

SPY

N/A

P/E Ratio

Winner

EQNR

20.34

SPY

28.24

Forward P/E

Winner

EQNR

9.04

SPY

21.85

PEG Ratio

EQNR

1.03

SPY

N/A

Dividend Yield

EQNR

4.25%

SPY

N/A

5Y Dividends CAGR

Winner

EQNR

12.54%

SPY

5.43%

5Y EPS CAGR

EQNR

N/A

SPY

25.79%

Debt to Equity

EQNR

82.73%

Winner

SPY

22.35%

Free Cash Flow Yield

EQNR

6.26%

SPY

N/A

P/S Ratio

Winner

EQNR

0.89

SPY

3.55

P/B Ratio

Winner

EQNR

2.55

SPY

5.29

EQNR vs SPY - Historical Returns

Returns include dividend reinvestment.

Period	EQNR	SPY
1 month	-6.76%	+9.11%
3 months	+34.37%	+6.59%
6 months	+55.01%	+10.56%
1 year	+70.75%	+32.04%
5 years(CAGR)	+19.54%	+13.35%
10 years(CAGR)	N/A	+15.49%
Max(CAGR)	+10.42%	+8.50%

EQNR

-6.76%

Winner

SPY

+9.11%

Winner

EQNR

+34.37%

SPY

+6.59%

Winner

EQNR

+55.01%

SPY

+10.56%

Winner

EQNR

+70.75%

SPY

+32.04%

5Y(CAGR)

Winner

EQNR

+19.54%

SPY

+13.35%

10Y(CAGR)

EQNR

N/A

SPY

+15.49%

Max(CAGR)

Winner

EQNR

+10.42%

SPY

+8.50%

EQNR vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	EQNR	SPY
2026	+51.39%	+8.27%
2025	+3.75%	+18.00%
2024	-15.62%	+25.59%
2023	+9.04%	+26.72%
2022	+38.58%	-18.64%
2021	+60.19%	+30.52%
2020	-15.79%	+17.28%
2019	-3.07%	+31.09%
2018	-21.04%	-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%

EQNR vs SPY Drawdown Comparison

The maximum drawdown for EQNR was -66.76%, occurring on Mar 18, 2020. Recovery took 759 trading sessions.

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

The current EQNR drawdown is -13.51%.

Rank	EQNR	SPY
#1	-66.76% Sep 25, 2018 - Sep 30, 2021	-55.20% Oct 9, 2007 - Aug 16, 2012
#2	-35.49% Aug 24, 2022 - Mar 2, 2026	-47.50% Mar 24, 2000 - Oct 26, 2006
#3	-17.88% Apr 8, 2022 - Aug 11, 2022	-33.70% Feb 19, 2020 - Aug 10, 2020
#4	-16.34% Mar 30, 2026 - Apr 17, 2026	-24.50% Jan 3, 2022 - Dec 13, 2023
#5	-12.24% Oct 20, 2021 - Jan 12, 2022	-19.34% Sep 20, 2018 - Apr 12, 2019
#6	-11.57% Jul 10, 2018 - Sep 25, 2018	-18.76% Feb 19, 2025 - Jun 26, 2025
#7	-8.69% May 21, 2018 - Jul 9, 2018	-13.02% Jul 20, 2015 - Apr 18, 2016
#8	-7.77% Feb 11, 2022 - Mar 1, 2022	-10.10% Jan 26, 2018 - Aug 6, 2018
#9	-6.21% Jan 14, 2022 - Feb 4, 2022	-9.44% Sep 2, 2020 - Nov 11, 2020
#10	-5.36% Mar 20, 2026 - Mar 30, 2026	-9.30% Jan 19, 2000 - Mar 17, 2000
#11	-5.34% Mar 2, 2022 - Mar 17, 2022	-9.05% Jul 19, 2007 - Oct 5, 2007
#12	-4.32% Mar 25, 2022 - Mar 30, 2022	-8.88% Jan 27, 2026 - Apr 14, 2026
#13	-4.14% Oct 5, 2021 - Oct 13, 2021	-8.41% Jul 16, 2024 - Sep 19, 2024
#14	-3.45% Mar 6, 2026 - Mar 12, 2026	-7.35% Sep 14, 2012 - Jan 2, 2013
#15	-3.19% Mar 30, 2022 - Apr 8, 2022	-7.27% Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between EQNR and SPY is 0.73 which considered as a strong positive correlation - the stocks tend to move together.

0.73

-101

Dividend Comparison (1999 - 2026)

EQNR vs SPY dividend yield comparison.

Year	EQNR	SPY
2026	1.01%	0.24%
2025	7.66%	1.07%
2024	12.66%	1.21%
2023	11.38%	1.40%
2022	3.30%	1.65%
2021	2.13%	1.20%
2020	4.32%	1.52%
2019	5.07%	1.75%
2018	3.26%	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%