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FRME vs SPY

Comparison between First Merchants Corp (FRME, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceSPY has outperformed FRME, delivering a return of +13.3% compared to +0.8%

FRME vs SPY - Performance Comparison

Key Characteristics

Financial metrics and valuation ratios

Market Cap / Net Assets
FRME
$2.65B
Winner
SPY
$735B
Expense Ratio
FRME
N/A
SPY
0.09%
Max Drawdown
FRME
82.97%
Winner
SPY
56.47%
Sharpe Ratio
FRME
0.46
Winner
SPY
1.62
5Y Beta
Winner
FRME
0.88
SPY
1.00
Industry
FRME
Banks - Regional
SPY
N/A
P/E Ratio
Winner
FRME
12.32
SPY
28.99
Forward P/E
Winner
FRME
11.07
SPY
22.37
PEG Ratio
FRME
1.40
SPY
N/A
Dividend Yield
FRME
3.59%
SPY
N/A
5Y Dividends CAGR
Winner
FRME
11.47%
SPY
5.43%
5Y EPS CAGR
FRME
2.49%
Winner
SPY
26.05%
Debt to Equity
Winner
FRME
0.00%
SPY
32.40%
Free Cash Flow Yield
FRME
10.60%
SPY
N/A
P/S Ratio
FRME
3.98
Winner
SPY
3.74
P/B Ratio
Winner
FRME
0.96
SPY
5.61

FRME vs SPY - Historical Returns

Returns include dividend reinvestment.

1M
FRME
-1.53%
Winner
SPY
+1.90%
3M
FRME
+4.57%
Winner
SPY
+8.55%
6M
FRME
+7.99%
Winner
SPY
+8.18%
1Y
FRME
+13.43%
Winner
SPY
+25.79%
5Y(CAGR)
FRME
+0.85%
Winner
SPY
+13.32%
10Y(CAGR)
FRME
+7.35%
Winner
SPY
+15.19%
Max(CAGR)
FRME
+5.40%
Winner
SPY
+8.47%

FRME vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

YearFRMESPY
2026+7.50%+8.26%
2025-0.56%+18.00%
2024+11.60%+25.59%
2023-5.59%+26.72%
2022-0.52%-18.64%
2021+16.24%+30.52%
2020-6.26%+17.28%
2019+23.42%+31.09%
2018-16.61%-5.24%
2017+13.47%+20.78%
2016+56.22%+13.59%
2015+15.93%+1.31%
2014+4.66%+14.56%
2013+51.03%+29.00%
2012+72.11%+14.17%
2011-7.18%+0.85%
2010+55.43%+13.14%
2009-72.43%+22.67%
2008+12.42%-36.25%
2007-16.61%+5.32%
2006+6.86%+13.85%
2005-4.33%+5.32%
2004+15.01%+10.75%
2003+13.82%+24.18%
2002+4.79%-22.42%
2001+23.79%-10.13%
2000-11.37%-8.84%
1999+12.61%+8.61%

FRME vs SPY Drawdown Comparison

The maximum drawdown for FRME was -81.34%, occurring on Dec 17, 2009. Recovery took 1820 trading sessions.

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

The current FRME drawdown is -7.60%. The current SPY drawdown is -2.90%.

RankFRMESPY
#1-81.34%
Apr 18, 2008 - Jul 13, 2015		-55.20%
Oct 9, 2007 - Aug 16, 2012
#2-53.02%
Aug 21, 2018 - Mar 5, 2021		-47.50%
Mar 24, 2000 - Oct 26, 2006
#3-47.28%
Mar 12, 2021 - Nov 11, 2024		-33.70%
Feb 19, 2020 - Aug 10, 2020
#4-34.23%
Nov 18, 1999 - Mar 19, 2002		-24.50%
Jan 3, 2022 - Dec 13, 2023
#5-33.11%
Dec 27, 2006 - Jan 31, 2008		-19.34%
Sep 20, 2018 - Apr 12, 2019
#6-23.94%
Feb 6, 2025 - Apr 11, 2025		-18.76%
Feb 19, 2025 - Jun 26, 2025
#7-22.85%
Jun 28, 2002 - Sep 16, 2003		-13.02%
Jul 20, 2015 - Apr 18, 2016
#8-21.64%
Nov 24, 2015 - Aug 5, 2016		-10.10%
Jan 26, 2018 - Aug 6, 2018
#9-19.24%
Dec 28, 2004 - Dec 13, 2006		-9.44%
Sep 2, 2020 - Nov 11, 2020
#10-15.88%
Sep 16, 2003 - Nov 23, 2004		-9.30%
Jan 19, 2000 - Mar 17, 2000
#11-14.84%
Nov 25, 2024 - Feb 5, 2025		-9.05%
Jul 19, 2007 - Oct 5, 2007
#12-12.48%
Jun 4, 2002 - Jun 28, 2002		-8.88%
Jan 27, 2026 - Apr 14, 2026
#13-12.16%
Apr 12, 2002 - Jun 4, 2002		-8.41%
Jul 16, 2024 - Sep 19, 2024
#14-11.82%
Jun 14, 2017 - Sep 27, 2017		-7.35%
Sep 14, 2012 - Jan 2, 2013
#15-11.55%
Feb 16, 2017 - Apr 26, 2017		-7.27%
Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between FRME and SPY is 0.86 which considered as a strong positive correlation - the stocks tend to move together.

0.86
-101

Dividend Comparison (1999 - 2026)

FRME vs SPY dividend yield comparison.

YearFRMESPY
20260.90%0.24%
20253.82%1.07%
20243.48%1.21%
20233.61%1.40%
20223.04%1.65%
20212.70%1.20%
20202.78%1.52%
20192.40%1.75%
20182.45%2.04%
20171.64%1.80%
20161.43%2.03%
20151.61%2.06%
20141.27%1.87%
20130.79%1.81%
20120.67%2.18%
20110.47%2.05%
20100.45%1.80%
20097.91%1.95%
20084.14%3.02%
20074.21%1.85%
20063.38%1.73%
20053.54%1.73%
20043.25%1.82%
20033.61%1.47%
20023.94%1.70%
20013.74%1.25%
20003.97%1.15%
19990.84%0.24%

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