GLRE vs SPY
Comparison between Greenlight Capital Re Ltd - Class A (GLRE, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed GLRE, delivering a return of +13.3% compared to +10.7%
GLRE vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
GLRE vs SPY - Historical Returns
Returns include dividend reinvestment.
GLRE vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | GLRE | SPY |
|---|---|---|
| 2026 | +9.68% | +8.26% |
| 2025 | +6.35% | +18.00% |
| 2024 | +25.22% | +25.59% |
| 2023 | +40.12% | +26.72% |
| 2022 | +6.26% | -18.64% |
| 2021 | +4.95% | +30.52% |
| 2020 | -26.53% | +17.28% |
| 2019 | +4.88% | +31.09% |
| 2018 | -57.85% | -5.24% |
| 2017 | -13.73% | +20.78% |
| 2016 | +19.37% | +13.59% |
| 2015 | -42.43% | +1.31% |
| 2014 | -1.48% | +14.56% |
| 2013 | +44.12% | +29.00% |
| 2012 | -4.90% | +14.17% |
| 2011 | -12.79% | +0.85% |
| 2010 | +11.85% | +13.14% |
| 2009 | +68.98% | +22.67% |
| 2008 | -36.70% | -36.25% |
| 2007 | -13.48% | +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% |
GLRE vs SPY Drawdown Comparison
The maximum drawdown for GLRE was -85.00%, occurring on Apr 1, 2020. This drawdown has not yet recovered.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current GLRE drawdown is -55.63%. The current SPY drawdown is -2.90%.
| Rank | GLRE | SPY |
|---|---|---|
| #1 | -85.00% Sep 4, 2014 - Apr 1, 2020 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -62.87% May 25, 2007 - Feb 25, 2010 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -32.09% Nov 8, 2010 - Oct 21, 2013 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -18.31% Apr 23, 2010 - Oct 13, 2010 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -11.06% Nov 29, 2013 - Jun 11, 2014 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -8.47% Jul 16, 2014 - Sep 3, 2014 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -4.37% Nov 2, 2010 - Nov 8, 2010 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -4.13% Jun 11, 2014 - Jul 14, 2014 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -3.91% Feb 25, 2010 - Mar 24, 2010 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -3.30% Mar 31, 2010 - Apr 21, 2010 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -2.61% Nov 6, 2013 - Nov 15, 2013 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -1.36% Oct 31, 2013 - Nov 6, 2013 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -1.07% Oct 22, 2013 - Oct 29, 2013 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -0.63% Oct 26, 2010 - Nov 1, 2010 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -0.57% Oct 29, 2013 - Oct 31, 2013 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between GLRE and SPY is -0.59 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.
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