HSY vs SPY
Comparison between Hershey Company (HSY, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed HSY, delivering a return of +13.3% compared to +4.5%
HSY vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Market Cap / Net Assets
HSY
$41B
Winner
SPY
$652B
Expense Ratio
HSY
N/A
SPY
0.09%
Max Drawdown
Winner
HSY
53.86%
SPY
56.47%
Sharpe Ratio
HSY
0.47
Winner
SPY
2.07
5Y Beta
Winner
HSY
0.05
SPY
1.00
Industry
HSY
Confectioners
SPY
N/A
P/E Ratio
HSY
78.65
Winner
SPY
28.24
Forward P/E
HSY
22.62
Winner
SPY
21.85
PEG Ratio
HSY
1.04
SPY
N/A
Dividend Yield
HSY
2.97%
SPY
N/A
5Y Dividends CAGR
Winner
HSY
12.01%
SPY
5.43%
5Y EPS CAGR
HSY
N/A
SPY
25.79%
Debt to Equity
HSY
109.60%
Winner
SPY
22.35%
Free Cash Flow Yield
HSY
4.72%
SPY
N/A
P/S Ratio
Winner
HSY
3.15
SPY
3.55
P/B Ratio
HSY
7.80
Winner
SPY
5.29
HSY vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
HSY
-11.06%
Winner
SPY
+9.11%
3M
HSY
-18.84%
Winner
SPY
+6.59%
6M
HSY
+10.50%
Winner
SPY
+10.56%
1Y
HSY
+12.64%
Winner
SPY
+32.04%
5Y(CAGR)
HSY
+4.46%
Winner
SPY
+13.35%
10Y(CAGR)
HSY
+9.83%
Winner
SPY
+15.49%
Max(CAGR)
Winner
HSY
+10.21%
SPY
+8.50%
HSY vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | HSY | SPY |
|---|---|---|
| 2026 | +2.57% | +8.27% |
| 2025 | +11.38% | +18.00% |
| 2024 | -9.24% | +25.59% |
| 2023 | -16.20% | +26.72% |
| 2022 | +22.03% | -18.64% |
| 2021 | +30.78% | +30.52% |
| 2020 | +8.13% | +17.28% |
| 2019 | +42.52% | +31.09% |
| 2018 | -1.69% | -5.24% |
| 2017 | +11.80% | +20.78% |
| 2016 | +20.48% | +13.59% |
| 2015 | -11.83% | +1.31% |
| 2014 | +10.62% | +14.56% |
| 2013 | +33.47% | +29.00% |
| 2012 | +21.56% | +14.17% |
| 2011 | +35.34% | +0.85% |
| 2010 | +33.94% | +13.14% |
| 2009 | +3.28% | +22.67% |
| 2008 | -7.41% | -36.25% |
| 2007 | -18.95% | +5.32% |
| 2006 | -7.45% | +13.85% |
| 2005 | +3.23% | +5.32% |
| 2004 | +47.76% | +10.75% |
| 2003 | +16.17% | +24.18% |
| 2002 | +1.51% | -22.42% |
| 2001 | +5.88% | -10.13% |
| 2000 | +41.84% | -8.84% |
| 1999 | -8.53% | +8.61% |
HSY vs SPY Drawdown Comparison
The maximum drawdown for HSY was -49.17%, occurring on Mar 10, 2009. Recovery took 1491 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current HSY drawdown is -26.90%.
| Rank | HSY | SPY |
|---|---|---|
| #1 | -49.17% May 16, 2005 - Apr 15, 2011 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -45.26% May 1, 2023 - Feb 4, 2025 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -30.77% Mar 4, 2020 - Mar 26, 2021 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -29.19% Dec 3, 1999 - May 24, 2000 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -23.24% Jan 22, 2015 - Jun 30, 2016 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -22.92% May 26, 2000 - Nov 6, 2000 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -22.00% Jul 29, 2002 - Nov 4, 2003 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -21.92% Dec 19, 2017 - Mar 1, 2019 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -20.06% Feb 25, 2002 - Jul 25, 2002 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -18.02% Feb 24, 2014 - Dec 23, 2014 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -16.46% Aug 22, 2016 - May 19, 2017 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -15.18% Mar 30, 2001 - Jan 15, 2002 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -13.15% Dec 27, 2000 - Mar 16, 2001 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -13.08% Sep 4, 2019 - Feb 20, 2020 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -11.55% Apr 20, 2022 - Aug 1, 2022 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between HSY and SPY is 0.92 which considered as a very strong positive correlation - the stocks move almost identically together.
0.92
-101
Dividend Comparison (1999 - 2026)
HSY vs SPY dividend yield comparison.
| Year | HSY | SPY |
|---|---|---|
| 2026 | 0.78% | 0.24% |
| 2025 | 3.01% | 1.07% |
| 2024 | 3.24% | 1.21% |
| 2023 | 2.39% | 1.40% |
| 2022 | 1.67% | 1.65% |
| 2021 | 1.76% | 1.20% |
| 2020 | 2.07% | 1.52% |
| 2019 | 2.03% | 1.75% |
| 2018 | 2.57% | 2.04% |
| 2017 | 2.24% | 1.80% |
| 2016 | 2.32% | 2.03% |
| 2015 | 2.50% | 2.06% |
| 2014 | 1.96% | 1.87% |
| 2013 | 1.86% | 1.81% |
| 2012 | 2.16% | 2.18% |
| 2011 | 2.23% | 2.05% |
| 2010 | 2.71% | 1.80% |
| 2009 | 3.32% | 1.95% |
| 2008 | 3.43% | 3.02% |
| 2007 | 2.88% | 1.85% |
| 2006 | 2.07% | 1.73% |
| 2005 | 1.68% | 1.73% |
| 2004 | 1.50% | 1.82% |
| 2003 | 1.88% | 1.47% |
| 2002 | 1.87% | 1.70% |
| 2001 | 1.72% | 1.25% |
| 2000 | 1.68% | 1.15% |
| 1999 | 0.55% | 0.24% |
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