IEP vs SPY
Comparison between Icahn Enterprises L P (IEP, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed IEP, delivering a return of +13.8% compared to -18.2%
IEP vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
IEP vs SPY - Historical Returns
Returns include dividend reinvestment.
IEP vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | IEP | SPY |
|---|---|---|
| 2026 | +15.23% | +8.80% |
| 2025 | +5.36% | +18.00% |
| 2024 | -39.28% | +25.59% |
| 2023 | -59.36% | +26.72% |
| 2022 | +12.95% | -18.64% |
| 2021 | +9.84% | +30.52% |
| 2020 | -5.13% | +17.28% |
| 2019 | +14.34% | +31.09% |
| 2018 | +16.21% | -5.24% |
| 2017 | -3.90% | +20.78% |
| 2016 | +4.53% | +13.59% |
| 2015 | -29.12% | +1.31% |
| 2014 | -13.63% | +14.56% |
| 2013 | +141.40% | +29.00% |
| 2012 | +24.62% | +14.17% |
| 2011 | +2.55% | +0.85% |
| 2010 | -6.65% | +13.14% |
| 2009 | +29.11% | +22.67% |
| 2008 | -79.36% | -36.25% |
| 2007 | +49.54% | +5.32% |
| 2006 | +127.25% | +13.85% |
| 2005 | +32.57% | +5.32% |
| 2004 | +71.26% | +10.75% |
| 2003 | +81.82% | +24.18% |
| 2002 | +2.11% | -22.42% |
| 2001 | +1.03% | -10.13% |
| 2000 | +12.57% | -8.84% |
| 1999 | -1.61% | +8.61% |
IEP vs SPY Drawdown Comparison
The maximum drawdown for IEP was -84.22%, occurring on Nov 20, 2008. Recovery took 1480 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current IEP drawdown is -70.29%. The current SPY drawdown is -0.92%.
| Rank | IEP | SPY |
|---|---|---|
| #1 | -84.22% Dec 19, 2007 - Nov 5, 2013 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -77.36% Apr 17, 2023 - Apr 8, 2025 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -65.96% Dec 9, 2013 - Feb 2, 2023 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -34.09% Mar 12, 2007 - Oct 15, 2007 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -26.80% Aug 3, 2005 - Feb 9, 2006 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -23.47% Apr 7, 2006 - Aug 10, 2006 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -20.56% Jun 4, 2001 - Jan 22, 2003 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -15.77% Feb 26, 2007 - Mar 12, 2007 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -15.14% Jul 7, 2004 - Aug 27, 2004 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -14.29% Dec 23, 2003 - May 5, 2004 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -12.50% Mar 10, 2005 - Jul 11, 2005 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -12.27% Jan 3, 2005 - Feb 11, 2005 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -11.76% Jul 24, 2003 - Nov 18, 2003 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -11.71% Jan 23, 2001 - May 29, 2001 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -11.62% Sep 8, 2004 - Nov 12, 2004 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between IEP and SPY is 0.41 which considered as a weak positive correlation - the stocks show a slight tendency to move together.
Dividend Comparison (1999 - 2026)
IEP vs SPY dividend yield comparison.
| Year | IEP | SPY |
|---|---|---|
| 2026 | 13.18% | 0.24% |
| 2025 | 26.49% | 1.07% |
| 2024 | 40.37% | 1.21% |
| 2023 | 34.90% | 1.40% |
| 2022 | 15.79% | 1.65% |
| 2021 | 16.13% | 1.20% |
| 2020 | 15.79% | 1.52% |
| 2019 | 13.01% | 1.75% |
| 2018 | 12.26% | 2.04% |
| 2017 | 11.32% | 1.80% |
| 2016 | 10.01% | 2.03% |
| 2015 | 9.79% | 2.06% |
| 2014 | 6.49% | 1.87% |
| 2013 | 4.11% | 1.81% |
| 2012 | 1.27% | 2.18% |
| 2011 | 2.65% | 2.05% |
| 2010 | 2.84% | 1.80% |
| 2009 | 2.50% | 1.95% |
| 2008 | 3.78% | 3.02% |
| 2007 | 0.42% | 1.85% |
| 2006 | 0.47% | 1.73% |
| 2005 | 0.52% | 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% |
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