GVA vs SPY
Comparison between Granite Construction Inc (GVA, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceGVA has outperformed SPY, delivering a return of +29.8% compared to +13.9%
GVA vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
GVA vs SPY - Historical Returns
Returns include dividend reinvestment.
GVA vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | GVA | SPY |
|---|---|---|
| 2026 | +15.81% | +8.42% |
| 2025 | +31.91% | +18.00% |
| 2024 | +75.44% | +25.59% |
| 2023 | +47.00% | +26.72% |
| 2022 | -8.92% | -18.64% |
| 2021 | +47.29% | +30.52% |
| 2020 | -0.40% | +17.28% |
| 2019 | -30.47% | +31.09% |
| 2018 | -36.37% | -5.24% |
| 2017 | +16.08% | +20.78% |
| 2016 | +33.59% | +13.59% |
| 2015 | +17.09% | +1.31% |
| 2014 | +13.24% | +14.56% |
| 2013 | +2.04% | +29.00% |
| 2012 | +40.60% | +14.17% |
| 2011 | -13.98% | +0.85% |
| 2010 | -18.14% | +13.14% |
| 2009 | -23.70% | +22.67% |
| 2008 | +23.30% | -36.25% |
| 2007 | -27.78% | +5.32% |
| 2006 | +36.91% | +13.85% |
| 2005 | +39.27% | +5.32% |
| 2004 | +13.51% | +10.75% |
| 2003 | +43.24% | +24.18% |
| 2002 | -35.38% | -22.42% |
| 2001 | +26.31% | -10.13% |
| 2000 | +66.79% | -8.84% |
| 1999 | -5.36% | +8.61% |
GVA vs SPY Drawdown Comparison
The maximum drawdown for GVA was -84.73%, occurring on Mar 17, 2020. Recovery took 1580 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current GVA drawdown is -4.08%. The current SPY drawdown is -1.27%.
| Rank | GVA | SPY |
|---|---|---|
| #1 | -84.73% Jan 29, 2018 - May 9, 2024 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -75.06% Jul 13, 2007 - Oct 27, 2017 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -53.23% May 14, 2001 - Jul 1, 2005 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -29.06% Dec 4, 2024 - Aug 7, 2025 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -26.75% Apr 21, 2006 - Aug 22, 2006 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -25.19% May 11, 2000 - Nov 17, 2000 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -24.25% Oct 19, 2006 - Apr 27, 2007 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -16.54% Nov 15, 1999 - Jan 7, 2000 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -16.01% Oct 3, 2005 - Nov 22, 2005 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -15.69% Mar 21, 2000 - May 11, 2000 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -14.69% Feb 24, 2026 - Apr 30, 2026 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -12.42% Mar 2, 2001 - Apr 10, 2001 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -11.45% Jan 16, 2001 - Feb 9, 2001 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -11.39% Aug 13, 2025 - Dec 10, 2025 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -10.75% Nov 22, 2005 - Jan 24, 2006 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between GVA and SPY is 0.80 which considered as a strong positive correlation - the stocks tend to move together.
Dividend Comparison (1999 - 2026)
GVA vs SPY dividend yield comparison.
| Year | GVA | SPY |
|---|---|---|
| 2026 | 0.09% | 0.24% |
| 2025 | 0.45% | 1.07% |
| 2024 | 0.59% | 1.21% |
| 2023 | 1.02% | 1.40% |
| 2022 | 1.48% | 1.65% |
| 2021 | 1.34% | 1.20% |
| 2020 | 1.95% | 1.52% |
| 2019 | 1.88% | 1.75% |
| 2018 | 1.29% | 2.04% |
| 2017 | 0.82% | 1.80% |
| 2016 | 0.95% | 2.03% |
| 2015 | 1.21% | 2.06% |
| 2014 | 1.37% | 1.87% |
| 2013 | 1.49% | 1.81% |
| 2012 | 1.55% | 2.18% |
| 2011 | 2.19% | 2.05% |
| 2010 | 1.90% | 1.80% |
| 2009 | 1.54% | 1.95% |
| 2008 | 1.18% | 3.02% |
| 2007 | 1.19% | 1.85% |
| 2006 | 0.79% | 1.73% |
| 2005 | 1.11% | 1.73% |
| 2004 | 1.50% | 1.82% |
| 2003 | 1.70% | 1.47% |
| 2002 | 2.06% | 1.70% |
| 2001 | 1.33% | 1.25% |
| 2000 | 1.38% | 1.15% |
| 1999 | 0.38% | 0.24% |
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