HLNE vs SPY

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

5-Year PerformanceSPY has outperformed HLNE, delivering a return of +13.8% compared to +0.9%

HLNE vs SPY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	HLNE(COMPANY)	SPY(ETF)
Market Cap / Net Assets	$4.64B	$735B
Expense Ratio	N/A	0.09%
Max Drawdown	58.28%	56.47%
Sharpe Ratio	-1.63	1.67
5Y Beta	1.40	1.00
Industry	Asset Management	N/A
P/E Ratio	18.54	28.81
Forward P/E	13.42	22.07
PEG Ratio	1.39	N/A
Dividend Yield	2.51%	N/A
5Y Dividends CAGR	11.56%	5.43%
5Y EPS CAGR	13.65%	25.84%
Debt to Equity	41.01%	34.16%
Free Cash Flow Yield	7.67%	N/A
P/S Ratio	N/A	3.69
P/B Ratio	N/A	5.54

Market Cap / Net Assets

HLNE

$4.64B

Winner

SPY

$735B

Expense Ratio

HLNE

N/A

SPY

0.09%

Max Drawdown

HLNE

58.28%

Winner

SPY

56.47%

Sharpe Ratio

HLNE

-1.63

Winner

SPY

1.67

5Y Beta

HLNE

1.40

Winner

SPY

1.00

Industry

HLNE

Asset Management

SPY

N/A

P/E Ratio

Winner

HLNE

18.54

SPY

28.81

Forward P/E

Winner

HLNE

13.42

SPY

22.07

PEG Ratio

HLNE

1.39

SPY

N/A

Dividend Yield

HLNE

2.51%

SPY

N/A

5Y Dividends CAGR

Winner

HLNE

11.56%

SPY

5.43%

5Y EPS CAGR

HLNE

13.65%

Winner

SPY

25.84%

Debt to Equity

HLNE

41.01%

Winner

SPY

34.16%

Free Cash Flow Yield

HLNE

7.67%

SPY

N/A

P/S Ratio

HLNE

N/A

SPY

3.69

P/B Ratio

HLNE

N/A

SPY

5.54

HLNE vs SPY - Historical Returns

Returns include dividend reinvestment.

Period	HLNE	SPY
1 month	-20.33%	+4.59%
3 months	-20.04%	+7.81%
6 months	-28.92%	+14.24%
1 year	-48.99%	+26.47%
5 years(CAGR)	+0.87%	+13.84%
10 years(CAGR)	+20.57%	+15.57%
Max(CAGR)	+20.57%	+8.50%

HLNE

-20.33%

Winner

SPY

+4.59%

HLNE

-20.04%

Winner

SPY

+7.81%

HLNE

-28.92%

Winner

SPY

+14.24%

HLNE

-48.99%

Winner

SPY

+26.47%

5Y(CAGR)

HLNE

+0.87%

Winner

SPY

+13.84%

10Y(CAGR)

Winner

HLNE

+20.57%

SPY

+15.57%

Max(CAGR)

Winner

HLNE

+20.57%

SPY

+8.50%

HLNE vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	HLNE	SPY
2026	-37.38%	+8.80%
2025	-8.59%	+18.00%
2024	+34.37%	+25.59%
2023	+78.35%	+26.72%
2022	-36.37%	-18.64%
2021	+38.87%	+30.52%
2020	+31.82%	+17.28%
2019	+67.70%	+31.09%
2018	+6.69%	-5.24%
2017	+100.50%	+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%

HLNE vs SPY Drawdown Comparison

The maximum drawdown for HLNE was -57.30%, occurring on May 19, 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 HLNE drawdown is -56.79%. The current SPY drawdown is -0.92%.

Rank	HLNE	SPY
#1	-57.30% Nov 11, 2024 - May 19, 2026	-55.20% Oct 9, 2007 - Aug 16, 2012
#2	-48.45% Nov 19, 2021 - Dec 14, 2023	-47.50% Mar 24, 2000 - Oct 26, 2006
#3	-43.33% Feb 13, 2020 - May 29, 2020	-33.70% Feb 19, 2020 - Aug 10, 2020
#4	-36.29% Jul 18, 2018 - May 3, 2019	-24.50% Jan 3, 2022 - Dec 13, 2023
#5	-19.44% Sep 1, 2020 - Nov 11, 2020	-19.34% Sep 20, 2018 - Apr 12, 2019
#6	-16.13% Jun 1, 2020 - Sep 1, 2020	-18.76% Feb 19, 2025 - Jun 26, 2025
#7	-14.81% Jan 23, 2018 - Apr 19, 2018	-13.02% Jul 20, 2015 - Apr 18, 2016
#8	-14.55% Sep 5, 2019 - Jan 13, 2020	-10.10% Jan 26, 2018 - Aug 6, 2018
#9	-13.25% Feb 22, 2021 - Oct 20, 2021	-9.44% Sep 2, 2020 - Nov 11, 2020
#10	-12.59% Jul 31, 2024 - Aug 19, 2024	-9.30% Jan 19, 2000 - Mar 17, 2000
#11	-11.86% Jul 10, 2019 - Aug 29, 2019	-9.05% Jul 19, 2007 - Oct 5, 2007
#12	-11.36% Jan 22, 2024 - May 21, 2024	-8.88% Jan 27, 2026 - Apr 14, 2026
#13	-10.76% May 28, 2024 - Jul 11, 2024	-8.41% Jul 16, 2024 - Sep 19, 2024
#14	-9.05% Jan 14, 2021 - Feb 8, 2021	-7.35% Sep 14, 2012 - Jan 2, 2013
#15	-8.97% Nov 16, 2020 - Dec 16, 2020	-7.27% Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between HLNE and SPY is 0.89 which considered as a strong positive correlation - the stocks tend to move together.

0.89

-101

Dividend Comparison (1999 - 2026)

HLNE vs SPY dividend yield comparison.

Year	HLNE	SPY
2026	0.63%	0.24%
2025	1.57%	1.07%
2024	1.29%	1.21%
2023	1.53%	1.40%
2022	2.43%	1.65%
2021	1.31%	1.20%
2020	1.55%	1.52%
2019	1.74%	1.75%
2018	2.20%	2.04%
2017	1.48%	1.80%
2016	0.00%	2.03%
2015	0.00%	2.06%
2014	0.00%	1.87%
2013	0.00%	1.81%
2012	0.00%	2.18%
2011	0.00%	2.05%
2010	0.00%	1.80%
2009	0.00%	1.95%
2008	0.00%	3.02%
2007	0.00%	1.85%
2006	0.00%	1.73%
2005	0.00%	1.73%
2004	0.00%	1.82%
2003	0.00%	1.47%
2002	0.00%	1.70%
2001	0.00%	1.25%
2000	0.00%	1.15%
1999	0.00%	0.24%