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HBNC vs SPY

Comparison between Horizon Bancorp Inc (IN) (HBNC, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceSPY has outperformed HBNC, delivering a return of +13.4% compared to +6.1%

HBNC vs SPY - Performance Comparison

Key Characteristics

Financial metrics and valuation ratios

Market Cap / Net Assets
HBNC
$986M
Winner
SPY
$784B
Expense Ratio
HBNC
N/A
SPY
0.09%
Max Drawdown
HBNC
67.20%
Winner
SPY
56.47%
Sharpe Ratio
HBNC
1.03
Winner
SPY
1.50
5Y Beta
Winner
HBNC
0.93
SPY
1.00
Industry
HBNC
Banks - Regional
SPY
N/A
P/E Ratio
Winner
HBNC
-6.12
SPY
28.29
Forward P/E
Winner
HBNC
11.05
SPY
21.76
PEG Ratio
HBNC
0.80
SPY
N/A
Dividend Yield
HBNC
3.39%
SPY
N/A
5Y Dividends CAGR
Winner
HBNC
5.57%
SPY
5.43%
5Y EPS CAGR
HBNC
N/A
SPY
25.98%
Debt to Equity
Winner
HBNC
0.00%
SPY
30.79%
Free Cash Flow Yield
HBNC
8.20%
SPY
N/A
P/S Ratio
Winner
HBNC
3.76
SPY
3.79
P/B Ratio
Winner
HBNC
1.41
SPY
5.67

HBNC vs SPY - Historical Returns

Returns include dividend reinvestment.

1M
Winner
HBNC
+9.30%
SPY
+0.48%
3M
Winner
HBNC
+25.24%
SPY
+11.67%
6M
HBNC
+9.00%
Winner
SPY
+9.42%
1Y
Winner
HBNC
+35.62%
SPY
+24.27%
5Y(CAGR)
HBNC
+6.10%
Winner
SPY
+13.36%
10Y(CAGR)
HBNC
+9.88%
Winner
SPY
+15.42%
Max(CAGR)
Winner
HBNC
+11.80%
SPY
+8.49%

HBNC vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

YearHBNCSPY
2026+20.55%+8.88%
2025+11.71%+18.00%
2024+17.17%+25.59%
2023-0.07%+26.72%
2022-25.91%-18.64%
2021+39.18%+30.52%
2020-12.45%+17.28%
2019+21.60%+31.09%
2018-11.31%-5.24%
2017+0.73%+20.78%
2016+55.61%+13.59%
2015+10.06%+1.31%
2014+7.58%+14.56%
2013+26.86%+29.00%
2012+74.23%+14.17%
2011+1.41%+0.85%
2010+66.03%+13.14%
2009+35.86%+22.67%
2008-45.91%-36.25%
2007-4.30%+5.32%
2006+5.90%+13.85%
2005-4.22%+5.32%
2004-0.26%+10.75%
2003+56.10%+24.18%
2002+18.45%-22.42%
2001+15.75%-10.13%
2000N/A-8.84%
1999N/A+8.61%

HBNC vs SPY Drawdown Comparison

The maximum drawdown for HBNC was -65.21%, occurring on May 11, 2023. Recovery took 1103 trading sessions.

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

The current SPY drawdown is -2.35%.

RankHBNCSPY
#1-65.21%
Jan 18, 2022 - Jun 11, 2026		-55.20%
Oct 9, 2007 - Aug 16, 2012
#2-64.44%
Feb 17, 2006 - Jan 27, 2011		-47.50%
Mar 24, 2000 - Oct 26, 2006
#3-62.07%
Jun 8, 2018 - Nov 3, 2021		-33.70%
Feb 19, 2020 - Aug 10, 2020
#4-24.30%
Dec 27, 2013 - Oct 31, 2014		-24.50%
Jan 3, 2022 - Dec 13, 2023
#5-20.77%
Jan 3, 2002 - Oct 16, 2002		-19.34%
Sep 20, 2018 - Apr 12, 2019
#6-19.86%
Dec 30, 2003 - Jan 7, 2005		-18.76%
Feb 19, 2025 - Jun 26, 2025
#7-19.50%
Feb 11, 2005 - Feb 15, 2006		-13.02%
Jul 20, 2015 - Apr 18, 2016
#8-17.46%
Dec 30, 2015 - Aug 11, 2016		-10.10%
Jan 26, 2018 - Aug 6, 2018
#9-15.83%
Dec 29, 2014 - Oct 16, 2015		-9.44%
Sep 2, 2020 - Nov 11, 2020
#10-15.47%
Jul 25, 2013 - Dec 20, 2013		-9.30%
Jan 19, 2000 - Mar 17, 2000
#11-15.47%
Oct 18, 2012 - Dec 20, 2012		-9.05%
Jul 19, 2007 - Oct 5, 2007
#12-14.97%
Feb 25, 2011 - Apr 18, 2012		-8.88%
Jan 27, 2026 - Apr 14, 2026
#13-13.09%
Oct 25, 2016 - Nov 10, 2016		-8.41%
Jul 16, 2024 - Sep 19, 2024
#14-13.01%
May 15, 2012 - Jun 28, 2012		-7.35%
Sep 14, 2012 - Jan 2, 2013
#15-12.24%
Dec 28, 2016 - Sep 26, 2017		-7.27%
Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between HBNC and SPY is 0.86 which considered as a strong positive correlation - the stocks tend to move together.

0.86
-101

Dividend Comparison (1999 - 2026)

HBNC vs SPY dividend yield comparison.

YearHBNCSPY
20261.62%0.24%
20253.77%1.07%
20243.97%1.21%
20234.47%1.40%
20224.11%1.65%
20212.54%1.20%
20203.03%1.52%
20192.32%1.75%
20182.45%2.04%
20171.73%1.80%
20161.43%2.03%
20151.54%2.06%
20141.95%1.87%
20131.66%1.81%
20121.90%2.18%
20112.70%2.05%
20102.56%1.80%
20094.19%1.95%
20086.48%3.02%
20072.26%1.85%
20061.53%1.73%
20052.03%1.73%
20041.82%1.82%
20031.60%1.47%
20022.31%1.70%
20010.65%1.25%
20000.00%1.15%
19990.00%0.24%

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