HQY vs SPY
Comparison between Healthequity Inc (HQY, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed HQY, delivering a return of +13.7% compared to +2.0%
HQY vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Market Cap / Net Assets
HQY
$6.99B
Winner
SPY
$735B
Expense Ratio
HQY
N/A
SPY
0.09%
Max Drawdown
HQY
60.65%
Winner
SPY
56.47%
Sharpe Ratio
HQY
-0.42
Winner
SPY
1.76
5Y Beta
HQY
1.02
Winner
SPY
1.00
Industry
HQY
Health Information Services
SPY
N/A
P/E Ratio
HQY
32.83
Winner
SPY
28.46
Forward P/E
Winner
HQY
17.09
SPY
21.99
PEG Ratio
HQY
0.26
SPY
N/A
5Y Dividends CAGR
HQY
N/A
SPY
5.43%
5Y EPS CAGR
Winner
HQY
84.70%
SPY
25.20%
Debt to Equity
HQY
45.43%
Winner
SPY
33.33%
Free Cash Flow Yield
HQY
6.51%
SPY
N/A
P/S Ratio
HQY
5.31
Winner
SPY
3.65
P/B Ratio
Winner
HQY
3.40
SPY
5.50
HQY vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
HQY
-1.79%
Winner
SPY
+5.60%
3M
Winner
HQY
+11.22%
SPY
+8.72%
6M
HQY
-19.26%
Winner
SPY
+10.63%
1Y
HQY
-15.85%
Winner
SPY
+26.62%
5Y(CAGR)
HQY
+2.00%
Winner
SPY
+13.70%
10Y(CAGR)
HQY
+13.43%
Winner
SPY
+15.47%
Max(CAGR)
Winner
HQY
+13.96%
SPY
+8.50%
HQY vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | HQY | SPY |
|---|---|---|
| 2026 | -9.77% | +8.50% |
| 2025 | -5.37% | +18.00% |
| 2024 | +45.01% | +25.59% |
| 2023 | +9.23% | +26.72% |
| 2022 | +31.60% | -18.64% |
| 2021 | -35.80% | +30.52% |
| 2020 | -3.52% | +17.28% |
| 2019 | +25.31% | +31.09% |
| 2018 | +28.36% | -5.24% |
| 2017 | +16.10% | +20.78% |
| 2016 | +62.27% | +13.59% |
| 2015 | +1.50% | +1.31% |
| 2014 | +44.60% | +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% |
HQY vs SPY Drawdown Comparison
The maximum drawdown for HQY was -60.65%, occurring on Dec 20, 2021. Recovery took 1516 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current HQY drawdown is -28.24%. The current SPY drawdown is -1.20%.
| Rank | HQY | SPY |
|---|---|---|
| #1 | -60.65% Nov 7, 2018 - Nov 18, 2024 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -54.61% Nov 11, 2015 - Sep 8, 2016 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -36.07% Feb 12, 2025 - Feb 12, 2026 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -26.64% Dec 26, 2014 - Mar 24, 2015 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -25.46% Jun 8, 2017 - Feb 14, 2018 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -20.14% Oct 10, 2016 - Nov 11, 2016 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -19.61% Sep 10, 2014 - Nov 18, 2014 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -19.35% Aug 5, 2015 - Nov 10, 2015 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -18.68% Jan 18, 2017 - Jun 7, 2017 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -17.11% Sep 11, 2018 - Nov 7, 2018 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -12.96% Nov 21, 2024 - Jan 21, 2025 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -10.53% Feb 21, 2018 - Feb 28, 2018 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -10.23% Nov 28, 2014 - Dec 22, 2014 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -10.22% Jul 26, 2018 - Aug 14, 2018 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -10.21% Aug 14, 2014 - Sep 10, 2014 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between HQY and SPY is 0.78 which considered as a strong positive correlation - the stocks tend to move together.
0.78
-101
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