GTLB vs SPY

Comparison between Gitlab Inc - Class A (GTLB, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceSPY has outperformed GTLB, delivering a return of +13.9% compared to -26.2%

GTLB vs SPY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	GTLB(COMPANY)	SPY(ETF)
Market Cap / Net Assets	$4.45B	$735B
Expense Ratio	N/A	0.09%
Max Drawdown	85.16%	56.47%
Sharpe Ratio	-0.85	1.67
5Y Beta	1.39	1.00
Industry	Software - Infrastructure	N/A
P/E Ratio	-78.86	28.81
Forward P/E	31.65	22.07
5Y Dividends CAGR	N/A	5.43%
5Y EPS CAGR	N/A	25.84%
Debt to Equity	0.00%	34.16%
Free Cash Flow Yield	4.99%	N/A
P/S Ratio	N/A	3.69
P/B Ratio	N/A	5.54

Market Cap / Net Assets

GTLB

$4.45B

Winner

SPY

$735B

Expense Ratio

GTLB

N/A

SPY

0.09%

Max Drawdown

GTLB

85.16%

Winner

SPY

56.47%

Sharpe Ratio

GTLB

-0.85

Winner

SPY

1.67

5Y Beta

GTLB

1.39

Winner

SPY

1.00

Industry

GTLB

Software - Infrastructure

SPY

N/A

P/E Ratio

Winner

GTLB

-78.86

SPY

28.81

Forward P/E

GTLB

31.65

Winner

SPY

22.07

5Y Dividends CAGR

GTLB

N/A

SPY

5.43%

5Y EPS CAGR

GTLB

N/A

SPY

25.84%

Debt to Equity

Winner

GTLB

0.00%

SPY

34.16%

Free Cash Flow Yield

GTLB

4.99%

SPY

N/A

P/S Ratio

GTLB

N/A

SPY

3.69

P/B Ratio

GTLB

N/A

SPY

5.54

GTLB vs SPY - Historical Returns

Returns include dividend reinvestment.

Period	GTLB	SPY
1 month	+15.67%	+5.49%
3 months	-2.92%	+8.03%
6 months	-38.25%	+13.34%
1 year	-46.18%	+28.89%
5 years(CAGR)	-26.24%	+13.90%
10 years(CAGR)	N/A	+15.59%
Max(CAGR)	-26.24%	+8.51%

Winner

GTLB

+15.67%

SPY

+5.49%

GTLB

-2.92%

Winner

SPY

+8.03%

GTLB

-38.25%

Winner

SPY

+13.34%

GTLB

-46.18%

Winner

SPY

+28.89%

5Y(CAGR)

GTLB

-26.24%

Winner

SPY

+13.90%

10Y(CAGR)

GTLB

N/A

SPY

+15.59%

Max(CAGR)

GTLB

-26.24%

Winner

SPY

+8.51%

GTLB vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	GTLB	SPY
2026	-29.19%	+9.02%
2025	-33.41%	+18.00%
2024	-6.15%	+25.59%
2023	+43.32%	+26.72%
2022	-43.60%	-18.64%
2021	-16.26%	+30.52%
2020	N/A	+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%

GTLB vs SPY Drawdown Comparison

The maximum drawdown for GTLB was -85.16%, occurring on Apr 10, 2026. 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 GTLB drawdown is -80.42%. The current SPY drawdown is -0.73%.

Rank	GTLB	SPY
#1	-85.16% Nov 8, 2021 - Apr 10, 2026	-55.20% Oct 9, 2007 - Aug 16, 2012
#2	-13.69% Oct 25, 2021 - Nov 5, 2021	-47.50% Mar 24, 2000 - Oct 26, 2006
#3	-8.24% Oct 15, 2021 - Oct 22, 2021	-33.70% Feb 19, 2020 - Aug 10, 2020
#4	N/A	-24.50% Jan 3, 2022 - Dec 13, 2023
#5	N/A	-19.34% Sep 20, 2018 - Apr 12, 2019
#6	N/A	-18.76% Feb 19, 2025 - Jun 26, 2025
#7	N/A	-13.02% Jul 20, 2015 - Apr 18, 2016
#8	N/A	-10.10% Jan 26, 2018 - Aug 6, 2018
#9	N/A	-9.44% Sep 2, 2020 - Nov 11, 2020
#10	N/A	-9.30% Jan 19, 2000 - Mar 17, 2000
#11	N/A	-9.05% Jul 19, 2007 - Oct 5, 2007
#12	N/A	-8.88% Jan 27, 2026 - Apr 14, 2026
#13	N/A	-8.41% Jul 16, 2024 - Sep 19, 2024
#14	N/A	-7.35% Sep 14, 2012 - Jan 2, 2013
#15	N/A	-7.27% Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between GTLB and SPY is -0.31 which considered as a weak negative correlation - the stocks show a slight tendency to move in opposite directions.

-0.31

-101