GD vs SPY
Comparison between General Dynamics Corp (GD, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceGD has outperformed SPY, delivering a return of +14.6% compared to +13.3%
GD vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Market Cap / Net Assets
GD
$94B
Winner
SPY
$652B
Expense Ratio
GD
N/A
SPY
0.09%
Max Drawdown
GD
61.62%
Winner
SPY
56.47%
Sharpe Ratio
GD
1.22
Winner
SPY
2.07
5Y Beta
Winner
GD
0.54
SPY
1.00
Industry
GD
Aerospace & Defense
SPY
N/A
P/E Ratio
Winner
GD
22.30
SPY
28.24
Forward P/E
Winner
GD
21.23
SPY
21.85
PEG Ratio
GD
0.98
SPY
N/A
Dividend Yield
GD
1.75%
SPY
N/A
5Y Dividends CAGR
Winner
GD
11.07%
SPY
5.43%
5Y EPS CAGR
GD
7.36%
Winner
SPY
25.79%
Debt to Equity
GD
30.73%
Winner
SPY
22.35%
Free Cash Flow Yield
GD
6.61%
SPY
N/A
P/S Ratio
Winner
GD
1.75
SPY
3.55
P/B Ratio
Winner
GD
3.62
SPY
5.29
GD vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
GD
-0.55%
Winner
SPY
+9.11%
3M
GD
-3.34%
Winner
SPY
+6.59%
6M
GD
+0.91%
Winner
SPY
+10.56%
1Y
GD
+29.74%
Winner
SPY
+32.04%
5Y(CAGR)
Winner
GD
+14.61%
SPY
+13.35%
10Y(CAGR)
GD
+11.65%
Winner
SPY
+15.49%
Max(CAGR)
Winner
GD
+12.31%
SPY
+8.50%
GD vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | GD | SPY |
|---|---|---|
| 2026 | +1.78% | +8.27% |
| 2025 | +31.63% | +18.00% |
| 2024 | +3.94% | +25.59% |
| 2023 | +6.93% | +26.72% |
| 2022 | +22.26% | -18.64% |
| 2021 | +46.57% | +30.52% |
| 2020 | -14.18% | +17.28% |
| 2019 | +14.73% | +31.09% |
| 2018 | -20.19% | -5.24% |
| 2017 | +17.94% | +20.78% |
| 2016 | +29.66% | +13.59% |
| 2015 | +1.15% | +1.31% |
| 2014 | +48.46% | +14.56% |
| 2013 | +37.14% | +29.00% |
| 2012 | +5.68% | +14.17% |
| 2011 | -2.53% | +0.85% |
| 2010 | +5.11% | +13.14% |
| 2009 | +17.28% | +22.67% |
| 2008 | -33.00% | -36.25% |
| 2007 | +22.01% | +5.32% |
| 2006 | +31.08% | +13.85% |
| 2005 | +13.40% | +5.32% |
| 2004 | +18.36% | +10.75% |
| 2003 | +13.78% | +24.18% |
| 2002 | +0.57% | -22.42% |
| 2001 | +7.69% | -10.13% |
| 2000 | +61.98% | -8.84% |
| 1999 | -4.09% | +8.61% |
GD vs SPY Drawdown Comparison
The maximum drawdown for GD was -61.02%, occurring on Mar 9, 2009. Recovery took 1236 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current GD drawdown is -5.25%.
| Rank | GD | SPY |
|---|---|---|
| #1 | -61.02% Aug 12, 2008 - Jul 11, 2013 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -52.14% Jun 21, 2002 - Nov 5, 2004 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -51.65% Mar 9, 2018 - Jan 4, 2022 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -33.92% Jan 7, 2000 - Apr 24, 2000 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -22.55% Nov 13, 2024 - Jul 23, 2025 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -21.49% Dec 29, 2000 - May 1, 2001 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -20.47% Oct 8, 2001 - Mar 4, 2002 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -19.26% Dec 2, 2022 - Dec 4, 2023 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -18.15% Aug 18, 2015 - Aug 10, 2016 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -15.83% Dec 10, 2007 - May 19, 2008 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -15.51% Nov 3, 1999 - Jan 7, 2000 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -15.31% Apr 20, 2022 - Oct 25, 2022 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -14.53% Jan 16, 2026 - Apr 27, 2026 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -13.96% May 19, 2008 - Aug 12, 2008 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -13.56% Jun 1, 2000 - Aug 4, 2000 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between GD 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)
GD vs SPY dividend yield comparison.
| Year | GD | SPY |
|---|---|---|
| 2026 | 0.89% | 0.24% |
| 2025 | 1.76% | 1.07% |
| 2024 | 2.12% | 1.21% |
| 2023 | 2.01% | 1.40% |
| 2022 | 2.00% | 1.65% |
| 2021 | 2.24% | 1.20% |
| 2020 | 2.90% | 1.52% |
| 2019 | 2.26% | 1.75% |
| 2018 | 2.31% | 2.04% |
| 2017 | 1.61% | 1.80% |
| 2016 | 1.72% | 2.03% |
| 2015 | 1.96% | 2.06% |
| 2014 | 1.76% | 1.87% |
| 2013 | 1.76% | 1.81% |
| 2012 | 3.62% | 2.18% |
| 2011 | 2.76% | 2.05% |
| 2010 | 2.31% | 1.80% |
| 2009 | 2.19% | 1.95% |
| 2008 | 2.33% | 3.02% |
| 2007 | 1.24% | 1.85% |
| 2006 | 1.20% | 1.73% |
| 2005 | 1.37% | 1.73% |
| 2004 | 1.34% | 1.82% |
| 2003 | 1.39% | 1.47% |
| 2002 | 1.49% | 1.70% |
| 2001 | 1.38% | 1.25% |
| 2000 | 1.31% | 1.15% |
| 1999 | 0.00% | 0.24% |
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