GRMN vs SPY
Comparison between Garmin Ltd (GRMN, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed GRMN, delivering a return of +13.3% compared to +13.2%
GRMN vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Market Cap / Net Assets
GRMN
$47B
Winner
SPY
$652B
Expense Ratio
GRMN
N/A
SPY
0.09%
Max Drawdown
GRMN
87.75%
Winner
SPY
56.47%
Sharpe Ratio
GRMN
0.91
Winner
SPY
2.07
5Y Beta
GRMN
1.10
Winner
SPY
1.00
Industry
GRMN
Scientific & Technical Instruments
SPY
N/A
P/E Ratio
Winner
GRMN
26.91
SPY
28.24
Forward P/E
GRMN
25.84
Winner
SPY
21.85
PEG Ratio
GRMN
1.49
SPY
N/A
Dividend Yield
GRMN
1.74%
SPY
N/A
5Y Dividends CAGR
Winner
GRMN
7.64%
SPY
5.43%
5Y EPS CAGR
GRMN
11.05%
Winner
SPY
25.79%
Debt to Equity
Winner
GRMN
0.00%
SPY
22.35%
Free Cash Flow Yield
GRMN
3.10%
SPY
N/A
P/S Ratio
GRMN
6.27
Winner
SPY
3.55
P/B Ratio
Winner
GRMN
5.05
SPY
5.29
GRMN vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
GRMN
-5.01%
Winner
SPY
+9.11%
3M
Winner
GRMN
+17.00%
SPY
+6.59%
6M
Winner
GRMN
+20.35%
SPY
+10.56%
1Y
GRMN
+28.18%
Winner
SPY
+32.04%
5Y(CAGR)
GRMN
+13.24%
Winner
SPY
+13.35%
10Y(CAGR)
Winner
GRMN
+22.75%
SPY
+15.49%
Max(CAGR)
Winner
GRMN
+16.61%
SPY
+8.50%
GRMN vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | GRMN | SPY |
|---|---|---|
| 2026 | +19.07% | +8.27% |
| 2025 | +0.77% | +18.00% |
| 2024 | +65.84% | +25.59% |
| 2023 | +41.13% | +26.72% |
| 2022 | -28.81% | -18.64% |
| 2021 | +16.75% | +30.52% |
| 2020 | +24.79% | +17.28% |
| 2019 | +60.15% | +31.09% |
| 2018 | +9.89% | -5.24% |
| 2017 | +25.77% | +20.78% |
| 2016 | +37.97% | +13.59% |
| 2015 | -25.72% | +1.31% |
| 2014 | +21.67% | +14.56% |
| 2013 | +16.24% | +29.00% |
| 2012 | +9.09% | +14.17% |
| 2011 | +39.94% | +0.85% |
| 2010 | +0.27% | +13.14% |
| 2009 | +44.43% | +22.67% |
| 2008 | -78.27% | -36.25% |
| 2007 | +75.54% | +5.32% |
| 2006 | +66.91% | +13.85% |
| 2005 | +13.62% | +5.32% |
| 2004 | +14.29% | +10.75% |
| 2003 | +83.34% | +24.18% |
| 2002 | +37.88% | -22.42% |
| 2001 | +10.75% | -10.13% |
| 2000 | -1.25% | -8.84% |
| 1999 | N/A | +8.61% |
GRMN vs SPY Drawdown Comparison
The maximum drawdown for GRMN was -87.71%, occurring on Nov 20, 2008. Recovery took 2846 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current GRMN drawdown is -10.24%.
| Rank | GRMN | SPY |
|---|---|---|
| #1 | -87.71% Oct 29, 2007 - Feb 20, 2019 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -54.62% Aug 30, 2021 - May 6, 2024 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -51.02% Jan 8, 2004 - Nov 26, 2004 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -42.70% Feb 8, 2001 - Dec 2, 2002 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -38.17% Feb 19, 2020 - Aug 5, 2020 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -36.29% Dec 28, 2004 - Sep 9, 2005 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -27.98% Feb 19, 2025 - Aug 28, 2025 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -27.97% Oct 8, 2025 - Apr 13, 2026 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -27.88% Jun 6, 2003 - Oct 29, 2003 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -22.40% Oct 3, 2005 - Feb 27, 2006 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -21.56% Jun 29, 2006 - Oct 26, 2006 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -20.32% Sep 27, 2007 - Oct 24, 2007 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -19.77% Dec 11, 2000 - Feb 2, 2001 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -18.02% Oct 26, 2006 - Dec 15, 2006 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -14.83% Apr 8, 2019 - Oct 29, 2019 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between GRMN 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)
GRMN vs SPY dividend yield comparison.
| Year | GRMN | SPY |
|---|---|---|
| 2026 | 0.37% | 0.24% |
| 2025 | 1.70% | 1.07% |
| 2024 | 1.44% | 1.21% |
| 2023 | 2.27% | 1.40% |
| 2022 | 3.10% | 1.65% |
| 2021 | 1.92% | 1.20% |
| 2020 | 2.01% | 1.52% |
| 2019 | 2.30% | 1.75% |
| 2018 | 3.32% | 2.04% |
| 2017 | 3.42% | 1.80% |
| 2016 | 4.21% | 2.03% |
| 2015 | 5.41% | 2.06% |
| 2014 | 3.58% | 1.87% |
| 2013 | 4.87% | 1.81% |
| 2012 | 6.26% | 2.18% |
| 2011 | 8.04% | 2.05% |
| 2010 | 4.84% | 1.80% |
| 2009 | 2.44% | 1.95% |
| 2008 | 3.91% | 3.02% |
| 2007 | 0.77% | 1.85% |
| 2006 | 0.90% | 1.73% |
| 2005 | 0.75% | 1.73% |
| 2004 | 0.82% | 1.82% |
| 2003 | 0.92% | 1.47% |
| 2002 | 0.00% | 1.70% |
| 2001 | 0.00% | 1.25% |
| 2000 | 0.00% | 1.15% |
| 1999 | 0.00% | 0.24% |
Select Stocks to Compare
Popular: GRMN vs SPY
More Comparisons
Compare with similar stocks