GAIN vs SPY
Comparison between Gladstone Investment Corporation (GAIN, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed GAIN, delivering a return of +13.3% compared to +13.0%
GAIN vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Market Cap / Net Assets
GAIN
$636M
Winner
SPY
$735B
Expense Ratio
GAIN
N/A
SPY
0.09%
Max Drawdown
GAIN
85.09%
Winner
SPY
56.47%
Sharpe Ratio
GAIN
0.60
Winner
SPY
1.62
5Y Beta
Winner
GAIN
0.65
SPY
1.00
Industry
GAIN
Asset Management
SPY
N/A
P/E Ratio
Winner
GAIN
3.43
SPY
28.99
Forward P/E
Winner
GAIN
16.47
SPY
22.37
PEG Ratio
GAIN
0.02
SPY
N/A
Dividend Yield
GAIN
6.07%
SPY
N/A
5Y Dividends CAGR
Winner
GAIN
11.18%
SPY
5.43%
5Y EPS CAGR
GAIN
N/A
SPY
26.05%
Debt to Equity
GAIN
84.47%
Winner
SPY
32.40%
Free Cash Flow Yield
GAIN
-15.99%
SPY
N/A
P/S Ratio
Winner
GAIN
3.46
SPY
3.74
P/B Ratio
Winner
GAIN
0.94
SPY
5.61
GAIN vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
GAIN
-9.26%
Winner
SPY
+1.90%
3M
Winner
GAIN
+13.70%
SPY
+8.55%
6M
Winner
GAIN
+13.78%
SPY
+8.18%
1Y
GAIN
+16.43%
Winner
SPY
+25.79%
5Y(CAGR)
GAIN
+13.02%
Winner
SPY
+13.32%
10Y(CAGR)
Winner
GAIN
+19.19%
SPY
+15.19%
Max(CAGR)
Winner
GAIN
+10.01%
SPY
+8.47%
GAIN vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | GAIN | SPY |
|---|---|---|
| 2026 | +13.12% | +8.26% |
| 2025 | +17.32% | +18.00% |
| 2024 | +4.74% | +25.59% |
| 2023 | +30.53% | +26.72% |
| 2022 | -16.93% | -18.64% |
| 2021 | +81.78% | +30.52% |
| 2020 | -16.26% | +17.28% |
| 2019 | +51.95% | +31.09% |
| 2018 | -10.53% | -5.24% |
| 2017 | +42.28% | +20.78% |
| 2016 | +17.47% | +13.59% |
| 2015 | +18.90% | +1.31% |
| 2014 | -2.98% | +14.56% |
| 2013 | +23.65% | +29.00% |
| 2012 | +3.42% | +14.17% |
| 2011 | +0.17% | +0.85% |
| 2010 | +71.12% | +13.14% |
| 2009 | +1.76% | +22.67% |
| 2008 | -43.12% | -36.25% |
| 2007 | -32.61% | +5.32% |
| 2006 | +16.50% | +13.85% |
| 2005 | -8.51% | +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% |
GAIN vs SPY Drawdown Comparison
The maximum drawdown for GAIN was -80.81%, occurring on Mar 9, 2009. Recovery took 1767 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current GAIN drawdown is -9.26%. The current SPY drawdown is -2.90%.
| Rank | GAIN | SPY |
|---|---|---|
| #1 | -80.81% Jan 12, 2007 - Jan 21, 2014 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -56.30% Dec 17, 2019 - Apr 15, 2021 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -26.24% Apr 19, 2022 - Nov 2, 2023 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -25.47% Aug 20, 2018 - Feb 8, 2019 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -18.12% Dec 29, 2015 - Jul 18, 2016 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -17.88% Dec 18, 2017 - Apr 30, 2018 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -17.56% Aug 30, 2016 - Feb 1, 2017 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -16.07% Jul 20, 2015 - Dec 23, 2015 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -15.64% Jul 21, 2005 - Dec 19, 2006 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -14.76% Feb 14, 2025 - Apr 17, 2025 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -14.21% Apr 3, 2014 - Feb 6, 2015 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -14.11% Dec 31, 2021 - Apr 19, 2022 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -12.68% Jan 8, 2024 - Sep 27, 2024 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -11.90% Apr 16, 2019 - Sep 11, 2019 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -11.15% Jan 23, 2014 - Mar 12, 2014 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between GAIN and SPY is 0.99 which considered as a very strong positive correlation - the stocks move almost identically together.
0.99
-101
Dividend Comparison (1999 - 2026)
GAIN vs SPY dividend yield comparison.
| Year | GAIN | SPY |
|---|---|---|
| 2026 | 2.61% | 0.24% |
| 2025 | 10.74% | 1.07% |
| 2024 | 12.53% | 1.21% |
| 2023 | 17.24% | 1.40% |
| 2022 | 9.88% | 1.65% |
| 2021 | 6.06% | 1.20% |
| 2020 | 9.22% | 1.52% |
| 2019 | 7.06% | 1.75% |
| 2018 | 9.24% | 2.04% |
| 2017 | 7.94% | 1.80% |
| 2016 | 8.87% | 2.03% |
| 2015 | 9.68% | 2.06% |
| 2014 | 11.71% | 1.87% |
| 2013 | 8.44% | 1.81% |
| 2012 | 9.05% | 2.18% |
| 2011 | 7.63% | 2.05% |
| 2010 | 6.27% | 1.80% |
| 2009 | 13.16% | 1.95% |
| 2008 | 19.55% | 3.02% |
| 2007 | 9.33% | 1.85% |
| 2006 | 5.49% | 1.73% |
| 2005 | 1.32% | 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% |
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