GFL vs SPY

Comparison between GFL Environmental Inc (Sub Voting) (GFL, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceSPY has outperformed GFL, delivering a return of +13.3% compared to +2.5%

GFL vs SPY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	GFL(COMPANY)	SPY(ETF)
Market Cap / Net Assets	$13B	$652B
Expense Ratio	N/A	0.09%
Max Drawdown	42.85%	56.47%
Sharpe Ratio	-1.35	2.07
5Y Beta	0.52	1.00
Industry	Waste Management	N/A
P/E Ratio	94.15	28.24
Forward P/E	46.30	21.85
Dividend Yield	0.23%	N/A
5Y Dividends CAGR	14.44%	5.43%
5Y EPS CAGR	N/A	25.79%
Debt to Equity	135.90%	22.35%
Free Cash Flow Yield	0.50%	N/A
P/S Ratio	1.96	3.55
P/B Ratio	2.54	5.29

Market Cap / Net Assets

GFL

$13B

Winner

SPY

$652B

Expense Ratio

GFL

N/A

SPY

0.09%

Max Drawdown

Winner

GFL

42.85%

SPY

56.47%

Sharpe Ratio

GFL

-1.35

Winner

SPY

2.07

5Y Beta

Winner

GFL

0.52

SPY

1.00

Industry

GFL

Waste Management

SPY

N/A

P/E Ratio

GFL

94.15

Winner

SPY

28.24

Forward P/E

GFL

46.30

Winner

SPY

21.85

Dividend Yield

GFL

0.23%

SPY

N/A

5Y Dividends CAGR

Winner

GFL

14.44%

SPY

5.43%

5Y EPS CAGR

GFL

N/A

SPY

25.79%

Debt to Equity

GFL

135.90%

Winner

SPY

22.35%

Free Cash Flow Yield

GFL

0.50%

SPY

N/A

P/S Ratio

Winner

GFL

1.96

SPY

3.55

P/B Ratio

Winner

GFL

2.54

SPY

5.29

GFL vs SPY - Historical Returns

Returns include dividend reinvestment.

Period	GFL	SPY
1 month	-17.03%	+9.11%
3 months	-14.68%	+6.59%
6 months	-14.39%	+10.56%
1 year	-27.01%	+32.04%
5 years(CAGR)	+2.52%	+13.35%
10 years(CAGR)	N/A	+15.49%
Max(CAGR)	+13.68%	+8.50%

GFL

-17.03%

Winner

SPY

+9.11%

GFL

-14.68%

Winner

SPY

+6.59%

GFL

-14.39%

Winner

SPY

+10.56%

GFL

-27.01%

Winner

SPY

+32.04%

5Y(CAGR)

GFL

+2.52%

Winner

SPY

+13.35%

10Y(CAGR)

GFL

N/A

SPY

+15.49%

Max(CAGR)

Winner

GFL

+13.68%

SPY

+8.50%

GFL vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	GFL	SPY
2026	-14.23%	+8.27%
2025	-3.62%	+18.00%
2024	+31.86%	+25.59%
2023	+17.72%	+26.72%
2022	-22.46%	-18.64%
2021	+36.33%	+30.52%
2020	+73.97%	+17.28%
2019	N/A	+31.09%
2018	N/A	-5.24%
2017	N/A	+20.78%
2016	N/A	+13.59%
2015	N/A	+1.31%
2014	N/A	+14.56%
2013	N/A	+29.00%
2012	N/A	+14.17%
2011	N/A	+0.85%
2010	N/A	+13.14%
2009	N/A	+22.67%
2008	N/A	-36.25%
2007	N/A	+5.32%
2006	N/A	+13.85%
2005	N/A	+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%

GFL vs SPY Drawdown Comparison

The maximum drawdown for GFL was -42.75%, occurring on Oct 14, 2022. Recovery took 690 trading sessions.

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

The current GFL drawdown is -28.65%.

Rank	GFL	SPY
#1	-42.75% Nov 18, 2021 - Aug 20, 2024	-55.20% Oct 9, 2007 - Aug 16, 2012
#2	-29.41% Mar 4, 2020 - May 13, 2020	-47.50% Mar 24, 2000 - Oct 26, 2006
#3	-29.35% May 5, 2025 - May 6, 2026	-33.70% Feb 19, 2020 - Aug 10, 2020
#4	-21.85% Aug 5, 2020 - Oct 13, 2020	-24.50% Jan 3, 2022 - Dec 13, 2023
#5	-15.53% Oct 13, 2020 - Nov 11, 2020	-19.34% Sep 20, 2018 - Apr 12, 2019
#6	-15.52% Apr 9, 2021 - Sep 8, 2021	-18.76% Feb 19, 2025 - Jun 26, 2025
#7	-12.03% Mar 27, 2025 - Apr 14, 2025	-13.02% Jul 20, 2015 - Apr 18, 2016
#8	-11.76% Jun 1, 2020 - Jul 23, 2020	-10.10% Jan 26, 2018 - Aug 6, 2018
#9	-11.39% Nov 29, 2024 - Mar 5, 2025	-9.44% Sep 2, 2020 - Nov 11, 2020
#10	-10.79% Jan 19, 2021 - Mar 1, 2021	-9.30% Jan 19, 2000 - Mar 17, 2000
#11	-9.96% Aug 23, 2024 - Nov 6, 2024	-9.05% Jul 19, 2007 - Oct 5, 2007
#12	-7.07% Nov 2, 2021 - Nov 18, 2021	-8.88% Jan 27, 2026 - Apr 14, 2026
#13	-6.13% Dec 9, 2020 - Dec 30, 2020	-8.41% Jul 16, 2024 - Sep 19, 2024
#14	-5.76% Mar 3, 2021 - Mar 10, 2021	-7.35% Sep 14, 2012 - Jan 2, 2013
#15	-4.73% Dec 31, 2020 - Jan 7, 2021	-7.27% Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between GFL and SPY is 0.85 which considered as a strong positive correlation - the stocks tend to move together.

0.85

-101

Dividend Comparison (1999 - 2026)

GFL vs SPY dividend yield comparison.

Year	GFL	SPY
2026	0.09%	0.24%
2025	0.14%	1.07%
2024	0.12%	1.21%
2023	0.15%	1.40%
2022	0.16%	1.65%
2021	0.11%	1.20%
2020	0.10%	1.52%
2019	0.00%	1.75%
2018	0.00%	2.04%
2017	0.00%	1.80%
2016	0.00%	2.03%
2015	0.00%	2.06%
2014	0.00%	1.87%
2013	0.00%	1.81%
2012	0.00%	2.18%
2011	0.00%	2.05%
2010	0.00%	1.80%
2009	0.00%	1.95%
2008	0.00%	3.02%
2007	0.00%	1.85%
2006	0.00%	1.73%
2005	0.00%	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%