FHN vs SPY

Comparison between First Horizon Corporation (FHN, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceSPY has outperformed FHN, delivering a return of +13.3% compared to +8.8%

FHN vs SPY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	FHN(COMPANY)	SPY(ETF)
Market Cap / Net Assets	$13B	$652B
Expense Ratio	N/A	0.09%
Max Drawdown	89.50%	56.47%
Sharpe Ratio	1.18	2.07
5Y Beta	1.16	1.00
Industry	Banks - Regional	N/A
P/E Ratio	12.97	28.24
Forward P/E	11.65	21.85
PEG Ratio	0.31	N/A
Dividend Yield	2.53%	N/A
5Y Dividends CAGR	5.12%	5.43%
5Y EPS CAGR	1.84%	25.79%
Debt to Equity	36.78%	22.35%
Free Cash Flow Yield	4.70%	N/A
P/S Ratio	3.71	3.55
P/B Ratio	1.42	5.29

Market Cap / Net Assets

FHN

$13B

Winner

SPY

$652B

Expense Ratio

FHN

N/A

SPY

0.09%

Max Drawdown

FHN

89.50%

Winner

SPY

56.47%

Sharpe Ratio

FHN

1.18

Winner

SPY

2.07

5Y Beta

FHN

1.16

Winner

SPY

1.00

Industry

FHN

Banks - Regional

SPY

N/A

P/E Ratio

Winner

FHN

12.97

SPY

28.24

Forward P/E

Winner

FHN

11.65

SPY

21.85

PEG Ratio

FHN

0.31

SPY

N/A

Dividend Yield

FHN

2.53%

SPY

N/A

5Y Dividends CAGR

FHN

5.12%

Winner

SPY

5.43%

5Y EPS CAGR

FHN

1.84%

Winner

SPY

25.79%

Debt to Equity

FHN

36.78%

Winner

SPY

22.35%

Free Cash Flow Yield

FHN

4.70%

SPY

N/A

P/S Ratio

FHN

3.71

Winner

SPY

3.55

P/B Ratio

Winner

FHN

1.42

SPY

5.29

FHN vs SPY - Historical Returns

Returns include dividend reinvestment.

Period	FHN	SPY
1 month	+2.10%	+9.11%
3 months	-4.74%	+6.59%
6 months	+15.91%	+10.56%
1 year	+31.46%	+32.04%
5 years(CAGR)	+8.82%	+13.35%
10 years(CAGR)	+9.76%	+15.49%
Max(CAGR)	+4.96%	+8.50%

FHN

+2.10%

Winner

SPY

+9.11%

FHN

-4.74%

Winner

SPY

+6.59%

Winner

FHN

+15.91%

SPY

+10.56%

FHN

+31.46%

Winner

SPY

+32.04%

5Y(CAGR)

FHN

+8.82%

Winner

SPY

+13.35%

10Y(CAGR)

FHN

+9.76%

Winner

SPY

+15.49%

Max(CAGR)

FHN

+4.96%

Winner

SPY

+8.50%

FHN vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	FHN	SPY
2026	+2.77%	+8.27%
2025	+22.97%	+18.00%
2024	+44.70%	+25.59%
2023	-39.40%	+26.72%
2022	+50.17%	-18.64%
2021	+31.80%	+30.52%
2020	-17.98%	+17.28%
2019	+28.38%	+31.09%
2018	-32.57%	-5.24%
2017	+1.99%	+20.78%
2016	+43.94%	+13.59%
2015	+10.06%	+1.31%
2014	+19.39%	+14.56%
2013	+17.32%	+29.00%
2012	+20.93%	+14.17%
2011	-33.89%	+0.85%
2010	+23.55%	+13.14%
2009	+63.95%	+22.67%
2008	-24.54%	-36.25%
2007	-53.83%	+5.32%
2006	+11.98%	+13.85%
2005	-7.01%	+5.32%
2004	+3.05%	+10.75%
2003	+23.28%	+24.18%
2002	+3.89%	-22.42%
2001	+34.34%	-10.13%
2000	+9.44%	-8.84%
1999	-16.41%	+8.61%

FHN vs SPY Drawdown Comparison

The maximum drawdown for FHN was -87.72%, occurring on Jul 14, 2008. Recovery took 2449 trading sessions.

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

The current FHN drawdown is -5.46%.

Rank	FHN	SPY
#1	-87.72% Feb 21, 2007 - Nov 9, 2016	-55.20% Oct 9, 2007 - Aug 16, 2012
#2	-64.20% Jan 11, 2018 - Apr 26, 2021	-47.50% Mar 24, 2000 - Oct 26, 2006
#3	-60.76% Feb 15, 2023 - Jul 23, 2025	-33.70% Feb 19, 2020 - Aug 10, 2020
#4	-54.69% Nov 16, 1999 - May 14, 2001	-24.50% Jan 3, 2022 - Dec 13, 2023
#5	-24.71% May 15, 2002 - Mar 20, 2003	-19.34% Sep 20, 2018 - Apr 12, 2019
#6	-22.35% Apr 1, 2004 - Jan 30, 2007	-18.76% Feb 19, 2025 - Jun 26, 2025
#7	-22.18% Jun 1, 2021 - Feb 28, 2022	-13.02% Jul 20, 2015 - Apr 18, 2016
#8	-21.49% Mar 1, 2017 - Dec 18, 2017	-10.10% Jan 26, 2018 - Aug 6, 2018
#9	-17.62% Jun 5, 2003 - Mar 5, 2004	-9.44% Sep 2, 2020 - Nov 11, 2020
#10	-16.51% Feb 6, 2026 - Mar 19, 2026	-9.30% Jan 19, 2000 - Mar 17, 2000
#11	-14.97% Jun 21, 2001 - Sep 26, 2001	-9.05% Jul 19, 2007 - Oct 5, 2007
#12	-14.90% Oct 9, 2025 - Dec 10, 2025	-8.88% Jan 27, 2026 - Apr 14, 2026
#13	-14.63% Oct 2, 2001 - Apr 10, 2002	-8.41% Jul 16, 2024 - Sep 19, 2024
#14	-11.96% Mar 3, 2022 - Sep 15, 2022	-7.35% Sep 14, 2012 - Jan 2, 2013
#15	-7.24% Jun 5, 2001 - Jun 21, 2001	-7.27% Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between FHN and SPY is 0.83 which considered as a strong positive correlation - the stocks tend to move together.

0.83

-101

Dividend Comparison (1999 - 2026)

FHN vs SPY dividend yield comparison.

Year	FHN	SPY
2026	0.69%	0.24%
2025	2.51%	1.07%
2024	2.98%	1.21%
2023	4.24%	1.40%
2022	2.45%	1.65%
2021	3.67%	1.20%
2020	4.70%	1.52%
2019	3.38%	1.75%
2018	3.65%	2.04%
2017	1.80%	1.80%
2016	1.40%	2.03%
2015	1.65%	2.06%
2014	1.47%	1.87%
2013	1.72%	1.81%
2012	0.40%	2.18%
2011	0.50%	2.05%
2010	33.96%	1.80%
2009	29.85%	1.95%
2008	22.71%	3.02%
2007	9.92%	1.85%
2006	5.17%	1.73%
2005	4.29%	1.73%
2004	3.78%	1.82%
2003	3.49%	1.47%
2002	3.48%	1.70%
2001	3.01%	1.25%
2000	2.49%	1.15%
1999	0.63%	0.24%