HIW vs SPY
Comparison between Highwoods Properties Inc (HIW, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed HIW, delivering a return of +14.0% compared to -4.2%
HIW vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
HIW vs SPY - Historical Returns
Returns include dividend reinvestment.
HIW vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | HIW | SPY |
|---|---|---|
| 2026 | +4.93% | +10.76% |
| 2025 | -9.81% | +18.00% |
| 2024 | +40.84% | +25.59% |
| 2023 | -10.61% | +26.72% |
| 2022 | -35.01% | -18.64% |
| 2021 | +21.91% | +30.52% |
| 2020 | -13.51% | +17.28% |
| 2019 | +34.34% | +31.09% |
| 2018 | -20.65% | -5.24% |
| 2017 | +2.63% | +20.78% |
| 2016 | +24.40% | +13.59% |
| 2015 | +0.90% | +1.31% |
| 2014 | +28.21% | +14.56% |
| 2013 | +11.64% | +29.00% |
| 2012 | +17.63% | +14.17% |
| 2011 | -3.29% | +0.85% |
| 2010 | +4.08% | +13.14% |
| 2009 | +36.91% | +22.67% |
| 2008 | -2.60% | -36.25% |
| 2007 | -23.24% | +5.32% |
| 2006 | +46.68% | +13.85% |
| 2005 | +10.90% | +5.32% |
| 2004 | +16.86% | +10.75% |
| 2003 | +24.02% | +24.18% |
| 2002 | -5.46% | -22.42% |
| 2001 | +16.34% | -10.13% |
| 2000 | +22.10% | -8.84% |
| 1999 | -0.26% | +8.61% |
HIW vs SPY Drawdown Comparison
The maximum drawdown for HIW was -63.61%, occurring on Nov 20, 2008. Recovery took 1309 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current HIW drawdown is -24.99%.
| Rank | HIW | SPY |
|---|---|---|
| #1 | -63.61% Feb 22, 2007 - May 2, 2012 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -58.98% Feb 14, 2020 - Oct 25, 2023 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -31.42% Apr 10, 2002 - Oct 6, 2003 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -26.43% Jul 6, 2018 - Nov 27, 2019 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -21.92% Feb 9, 2004 - Oct 18, 2004 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -21.25% Feb 3, 2015 - Mar 4, 2016 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -20.01% Oct 17, 2017 - Jul 5, 2018 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -19.58% Aug 1, 2000 - Jan 30, 2001 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -18.78% May 7, 2013 - Apr 24, 2014 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -16.33% Aug 1, 2016 - Oct 3, 2017 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -15.19% Nov 4, 1999 - May 1, 2000 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -13.84% Mar 17, 2006 - Jun 29, 2006 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -13.30% Aug 2, 2005 - Jan 24, 2006 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -12.34% Dec 30, 2004 - Apr 19, 2005 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -10.22% Aug 22, 2001 - Dec 4, 2001 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between HIW and SPY is 0.68 which considered as a moderate positive correlation - the stocks show some tendency to move together.
Dividend Comparison (1999 - 2026)
HIW vs SPY dividend yield comparison.
| Year | HIW | SPY |
|---|---|---|
| 2026 | 3.84% | 0.24% |
| 2025 | 7.75% | 1.07% |
| 2024 | 6.54% | 1.21% |
| 2023 | 8.71% | 1.40% |
| 2022 | 7.15% | 1.65% |
| 2021 | 4.40% | 1.20% |
| 2020 | 4.84% | 1.52% |
| 2019 | 3.88% | 1.75% |
| 2018 | 4.78% | 2.04% |
| 2017 | 3.46% | 1.80% |
| 2016 | 4.90% | 2.03% |
| 2015 | 3.90% | 2.06% |
| 2014 | 3.84% | 1.87% |
| 2013 | 4.70% | 1.81% |
| 2012 | 5.08% | 2.18% |
| 2011 | 5.73% | 2.05% |
| 2010 | 5.34% | 1.80% |
| 2009 | 5.10% | 1.95% |
| 2008 | 6.21% | 3.02% |
| 2007 | 5.79% | 1.85% |
| 2006 | 4.17% | 1.73% |
| 2005 | 5.98% | 1.73% |
| 2004 | 6.14% | 1.82% |
| 2003 | 7.32% | 1.47% |
| 2002 | 10.59% | 1.70% |
| 2001 | 8.90% | 1.25% |
| 2000 | 9.04% | 1.15% |
| 1999 | 2.35% | 0.24% |
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