ETN vs SPY
Comparison between Eaton Corporation plc (ETN, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceETN has outperformed SPY, delivering a return of +24.2% compared to +13.3%
ETN vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Market Cap / Net Assets
ETN
$164B
Winner
SPY
$652B
Expense Ratio
ETN
N/A
SPY
0.09%
Max Drawdown
ETN
70.48%
Winner
SPY
56.47%
Sharpe Ratio
ETN
0.99
Winner
SPY
2.07
5Y Beta
ETN
1.44
Winner
SPY
1.00
Industry
ETN
Specialty Industrial Machinery
SPY
N/A
P/E Ratio
ETN
41.04
Winner
SPY
28.24
Forward P/E
ETN
30.86
Winner
SPY
21.85
PEG Ratio
ETN
14.30
SPY
N/A
Dividend Yield
ETN
1.06%
SPY
N/A
5Y Dividends CAGR
Winner
ETN
18.38%
SPY
5.43%
5Y EPS CAGR
ETN
23.40%
Winner
SPY
25.79%
Debt to Equity
ETN
107.14%
Winner
SPY
22.35%
Free Cash Flow Yield
ETN
2.31%
SPY
N/A
P/S Ratio
ETN
5.74
Winner
SPY
3.55
P/B Ratio
ETN
8.21
Winner
SPY
5.29
ETN vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
ETN
+4.18%
Winner
SPY
+9.11%
3M
Winner
ETN
+6.86%
SPY
+6.59%
6M
ETN
+7.80%
Winner
SPY
+10.56%
1Y
ETN
+31.97%
Winner
SPY
+32.04%
5Y(CAGR)
Winner
ETN
+24.19%
SPY
+13.35%
10Y(CAGR)
Winner
ETN
+23.63%
SPY
+15.49%
Max(CAGR)
Winner
ETN
+15.22%
SPY
+8.50%
ETN vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | ETN | SPY |
|---|---|---|
| 2026 | +23.10% | +8.27% |
| 2025 | -2.81% | +18.00% |
| 2024 | +40.64% | +25.59% |
| 2023 | +55.40% | +26.72% |
| 2022 | -4.90% | -18.64% |
| 2021 | +48.41% | +30.52% |
| 2020 | +28.40% | +17.28% |
| 2019 | +42.90% | +31.09% |
| 2018 | -9.93% | -5.24% |
| 2017 | +19.01% | +20.78% |
| 2016 | +33.38% | +13.59% |
| 2015 | -20.71% | +1.31% |
| 2014 | -7.46% | +14.56% |
| 2013 | +38.36% | +29.00% |
| 2012 | +23.06% | +14.17% |
| 2011 | -13.62% | +0.85% |
| 2010 | +62.38% | +13.14% |
| 2009 | +27.80% | +22.67% |
| 2008 | -45.34% | -36.25% |
| 2007 | +31.45% | +5.32% |
| 2006 | +14.15% | +13.85% |
| 2005 | -3.81% | +5.32% |
| 2004 | +37.99% | +10.75% |
| 2003 | +38.00% | +24.18% |
| 2002 | +7.39% | -22.42% |
| 2001 | +13.34% | -10.13% |
| 2000 | +7.94% | -8.84% |
| 1999 | -0.58% | +8.61% |
ETN vs SPY Drawdown Comparison
The maximum drawdown for ETN was -68.97%, occurring on Mar 9, 2009. Recovery took 830 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current ETN drawdown is -7.23%.
| Rank | ETN | SPY |
|---|---|---|
| #1 | -68.97% Jul 23, 2007 - Nov 4, 2010 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -44.50% Feb 20, 2020 - Aug 28, 2020 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -38.34% Feb 11, 2011 - Dec 18, 2012 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -37.52% Jul 16, 2014 - Mar 1, 2017 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -34.46% Dec 4, 2024 - Jul 17, 2025 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -31.65% Apr 16, 2002 - Jul 23, 2003 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -29.63% Apr 26, 2000 - Feb 25, 2002 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -27.29% Nov 9, 2021 - Feb 10, 2023 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -26.06% Sep 21, 2018 - Sep 10, 2019 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -22.62% Nov 16, 1999 - Mar 16, 2000 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -20.53% Dec 31, 2004 - Feb 24, 2006 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -19.78% May 24, 2024 - Oct 11, 2024 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -19.66% May 11, 2006 - Dec 4, 2006 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -19.14% Jul 28, 2025 - Feb 11, 2026 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -18.51% Sep 11, 2023 - Dec 14, 2023 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between ETN and SPY is 0.97 which considered as a very strong positive correlation - the stocks move almost identically together.
0.97
-101
Dividend Comparison (1999 - 2026)
ETN vs SPY dividend yield comparison.
| Year | ETN | SPY |
|---|---|---|
| 2026 | 0.27% | 0.24% |
| 2025 | 1.31% | 1.07% |
| 2024 | 1.13% | 1.21% |
| 2023 | 1.43% | 1.40% |
| 2022 | 2.06% | 1.65% |
| 2021 | 1.76% | 1.20% |
| 2020 | 1.88% | 1.52% |
| 2019 | 3.00% | 1.75% |
| 2018 | 3.85% | 2.04% |
| 2017 | 3.04% | 1.80% |
| 2016 | 3.40% | 2.03% |
| 2015 | 4.23% | 2.06% |
| 2014 | 2.88% | 1.87% |
| 2013 | 2.21% | 1.81% |
| 2012 | 2.81% | 2.18% |
| 2011 | 3.12% | 2.05% |
| 2010 | 2.13% | 1.80% |
| 2009 | 3.14% | 1.95% |
| 2008 | 4.02% | 3.02% |
| 2007 | 1.77% | 1.85% |
| 2006 | 1.97% | 1.73% |
| 2005 | 1.85% | 1.73% |
| 2004 | 1.31% | 1.82% |
| 2003 | 1.70% | 1.47% |
| 2002 | 2.25% | 1.70% |
| 2001 | 2.37% | 1.25% |
| 2000 | 2.34% | 1.15% |
| 1999 | 0.61% | 0.24% |
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