ESLT vs SPY
Comparison between Elbit Systems Ltd (ESLT, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceESLT has outperformed SPY, delivering a return of +42.8% compared to +13.3%
ESLT vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Market Cap / Net Assets
ESLT
$39B
Winner
SPY
$652B
Expense Ratio
ESLT
N/A
SPY
0.09%
Max Drawdown
ESLT
58.03%
Winner
SPY
56.47%
Sharpe Ratio
ESLT
1.67
Winner
SPY
2.07
5Y Beta
Winner
ESLT
0.29
SPY
1.00
Industry
ESLT
Aerospace & Defense
SPY
N/A
P/E Ratio
ESLT
72.15
Winner
SPY
28.24
Forward P/E
Winner
ESLT
9.66
SPY
21.85
PEG Ratio
ESLT
1.21
SPY
N/A
Dividend Yield
ESLT
0.51%
SPY
N/A
5Y Dividends CAGR
Winner
ESLT
17.25%
SPY
5.43%
5Y EPS CAGR
ESLT
16.43%
Winner
SPY
25.79%
Debt to Equity
Winner
ESLT
2.46%
SPY
22.35%
Free Cash Flow Yield
ESLT
1.43%
SPY
N/A
P/S Ratio
ESLT
4.89
Winner
SPY
3.55
P/B Ratio
ESLT
9.71
Winner
SPY
5.29
ESLT vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
ESLT
-14.93%
Winner
SPY
+9.11%
3M
Winner
ESLT
+16.73%
SPY
+6.59%
6M
Winner
ESLT
+67.33%
SPY
+10.56%
1Y
Winner
ESLT
+87.68%
SPY
+32.04%
5Y(CAGR)
Winner
ESLT
+42.78%
SPY
+13.35%
10Y(CAGR)
Winner
ESLT
+24.55%
SPY
+15.49%
Max(CAGR)
Winner
ESLT
+18.35%
SPY
+8.50%
ESLT vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | ESLT | SPY |
|---|---|---|
| 2026 | +32.28% | +8.27% |
| 2025 | +121.45% | +18.00% |
| 2024 | +22.72% | +25.59% |
| 2023 | +28.21% | +26.72% |
| 2022 | -5.26% | -18.64% |
| 2021 | +35.58% | +30.52% |
| 2020 | -16.25% | +17.28% |
| 2019 | +36.16% | +31.09% |
| 2018 | -14.81% | -5.24% |
| 2017 | +32.61% | +20.78% |
| 2016 | +19.49% | +13.59% |
| 2015 | +50.60% | +1.31% |
| 2014 | +4.43% | +14.56% |
| 2013 | +49.79% | +29.00% |
| 2012 | +0.64% | +14.17% |
| 2011 | -22.47% | +0.85% |
| 2010 | -16.51% | +13.14% |
| 2009 | +40.90% | +22.67% |
| 2008 | -23.18% | -36.25% |
| 2007 | +75.14% | +5.32% |
| 2006 | +27.62% | +13.85% |
| 2005 | -6.27% | +5.32% |
| 2004 | +61.57% | +10.75% |
| 2003 | +17.06% | +24.18% |
| 2002 | -10.87% | -22.42% |
| 2001 | +45.96% | -10.13% |
| 2000 | -17.41% | -8.84% |
| 1999 | -1.05% | +8.61% |
ESLT vs SPY Drawdown Comparison
The maximum drawdown for ESLT was -53.81%, occurring on Aug 28, 2012. Recovery took 1147 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current ESLT drawdown is -22.80%.
| Rank | ESLT | SPY |
|---|---|---|
| #1 | -53.81% Aug 25, 2009 - Mar 18, 2014 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -42.26% Feb 1, 2008 - Jun 1, 2009 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -42.24% Mar 1, 2000 - Oct 5, 2001 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -32.89% Aug 12, 2022 - Nov 12, 2024 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -32.48% Dec 11, 2019 - Dec 14, 2021 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -26.86% Oct 16, 2017 - Jun 11, 2019 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -24.45% Oct 8, 2001 - May 12, 2003 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -22.80% Mar 17, 2026 - May 8, 2026 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -22.75% Jun 20, 2003 - Jan 20, 2004 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -20.82% Jan 3, 2005 - Jan 26, 2006 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -18.92% Mar 28, 2022 - Aug 3, 2022 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -15.13% Aug 6, 2015 - Nov 12, 2015 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -14.43% Jul 9, 2007 - Sep 4, 2007 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -14.12% May 12, 2003 - Jun 16, 2003 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -13.43% Oct 6, 2025 - Dec 17, 2025 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between ESLT and SPY is 0.89 which considered as a strong positive correlation - the stocks tend to move together.
0.89
-101
Dividend Comparison (1999 - 2026)
ESLT vs SPY dividend yield comparison.
| Year | ESLT | SPY |
|---|---|---|
| 2026 | 0.13% | 0.24% |
| 2025 | 0.47% | 1.07% |
| 2024 | 0.77% | 1.21% |
| 2023 | 0.94% | 1.40% |
| 2022 | 1.22% | 1.65% |
| 2021 | 1.03% | 1.20% |
| 2020 | 1.28% | 1.52% |
| 2019 | 1.14% | 1.75% |
| 2018 | 1.54% | 2.04% |
| 2017 | 1.32% | 1.80% |
| 2016 | 1.57% | 2.03% |
| 2015 | 1.63% | 2.06% |
| 2014 | 2.07% | 1.87% |
| 2013 | 1.98% | 1.81% |
| 2012 | 3.00% | 2.18% |
| 2011 | 3.52% | 2.05% |
| 2010 | 2.71% | 1.80% |
| 2009 | 2.80% | 1.95% |
| 2008 | 1.72% | 3.02% |
| 2007 | 1.09% | 1.85% |
| 2006 | 1.83% | 1.73% |
| 2005 | 2.15% | 1.73% |
| 2004 | 7.73% | 1.82% |
| 2003 | 1.09% | 1.47% |
| 2002 | 2.05% | 1.70% |
| 2001 | 0.86% | 1.25% |
| 2000 | 2.59% | 1.15% |
| 1999 | 0.52% | 0.24% |
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