IRDM vs SPY

Comparison between Iridium Communications Inc (IRDM, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceSPY has outperformed IRDM, delivering a return of +13.8% compared to +5.2%

IRDM vs SPY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	IRDM(COMPANY)	SPY(ETF)
Market Cap / Net Assets	$4.79B	$735B
Expense Ratio	N/A	0.09%
Max Drawdown	76.45%	56.47%
Sharpe Ratio	1.26	1.67
5Y Beta	0.84	1.00
Industry	Telecom Services	N/A
P/E Ratio	43.75	28.81
Forward P/E	39.22	22.07
PEG Ratio	0.66	N/A
Dividend Yield	1.36%	N/A
5Y Dividends CAGR	N/A	5.43%
5Y EPS CAGR	N/A	25.84%
Debt to Equity	0.00%	34.16%
Free Cash Flow Yield	6.37%	N/A
P/S Ratio	N/A	3.69
P/B Ratio	N/A	5.54

Market Cap / Net Assets

IRDM

$4.79B

Winner

SPY

$735B

Expense Ratio

IRDM

N/A

SPY

0.09%

Max Drawdown

IRDM

76.45%

Winner

SPY

56.47%

Sharpe Ratio

IRDM

1.26

Winner

SPY

1.67

5Y Beta

Winner

IRDM

0.84

SPY

1.00

Industry

IRDM

Telecom Services

SPY

N/A

P/E Ratio

IRDM

43.75

Winner

SPY

28.81

Forward P/E

IRDM

39.22

Winner

SPY

22.07

PEG Ratio

IRDM

0.66

SPY

N/A

Dividend Yield

IRDM

1.36%

SPY

N/A

5Y Dividends CAGR

IRDM

N/A

SPY

5.43%

5Y EPS CAGR

IRDM

N/A

SPY

25.84%

Debt to Equity

Winner

IRDM

0.00%

SPY

34.16%

Free Cash Flow Yield

IRDM

6.37%

SPY

N/A

P/S Ratio

IRDM

N/A

SPY

3.69

P/B Ratio

IRDM

N/A

SPY

5.54

IRDM vs SPY - Historical Returns

Returns include dividend reinvestment.

Period	IRDM	SPY
1 month	+8.48%	+4.59%
3 months	+98.74%	+7.81%
6 months	+190.03%	+14.24%
1 year	+80.27%	+26.47%
5 years(CAGR)	+5.19%	+13.84%
10 years(CAGR)	+18.68%	+15.57%
Max(CAGR)	+9.63%	+8.50%

Winner

IRDM

+8.48%

SPY

+4.59%

Winner

IRDM

+98.74%

SPY

+7.81%

Winner

IRDM

+190.03%

SPY

+14.24%

Winner

IRDM

+80.27%

SPY

+26.47%

5Y(CAGR)

IRDM

+5.19%

Winner

SPY

+13.84%

10Y(CAGR)

Winner

IRDM

+18.68%

SPY

+15.57%

Max(CAGR)

Winner

IRDM

+9.63%

SPY

+8.50%

IRDM vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	IRDM	SPY
2026	+156.49%	+8.80%
2025	-39.64%	+18.00%
2024	-27.05%	+25.59%
2023	-21.25%	+26.72%
2022	+24.94%	-18.64%
2021	+6.53%	+30.52%
2020	+58.31%	+17.28%
2019	+29.82%	+31.09%
2018	+59.05%	-5.24%
2017	+11.85%	+20.78%
2016	+15.80%	+13.59%
2015	-13.12%	+1.31%
2014	+54.27%	+14.56%
2013	-6.28%	+29.00%
2012	-10.99%	+14.17%
2011	-6.09%	+0.85%
2010	+4.96%	+13.14%
2009	-11.76%	+22.67%
2008	-0.88%	-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%

IRDM vs SPY Drawdown Comparison

The maximum drawdown for IRDM was -75.34%, occurring on Nov 20, 2025. 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 IRDM drawdown is -28.48%. The current SPY drawdown is -0.92%.

Rank	IRDM	SPY
#1	-75.34% Apr 21, 2023 - Nov 20, 2025	-55.20% Oct 9, 2007 - Aug 16, 2012
#2	-52.81% Sep 29, 2009 - Oct 26, 2017	-47.50% Mar 24, 2000 - Oct 26, 2006
#3	-43.82% Feb 13, 2020 - Nov 17, 2020	-33.70% Feb 19, 2020 - Aug 10, 2020
#4	-41.07% Feb 8, 2021 - Jan 6, 2023	-24.50% Jan 3, 2022 - Dec 13, 2023
#5	-29.91% Dec 3, 2018 - Mar 15, 2019	-19.34% Sep 20, 2018 - Apr 12, 2019
#6	-27.24% Apr 23, 2019 - Feb 5, 2020	-18.76% Feb 19, 2025 - Jun 26, 2025
#7	-20.90% Oct 1, 2018 - Nov 26, 2018	-13.02% Jul 20, 2015 - Apr 18, 2016
#8	-17.72% Oct 27, 2017 - Jan 22, 2018	-10.10% Jan 26, 2018 - Aug 6, 2018
#9	-13.62% Jan 29, 2018 - May 23, 2018	-9.44% Sep 2, 2020 - Nov 11, 2020
#10	-10.08% Jun 14, 2018 - Jul 12, 2018	-9.30% Jan 19, 2000 - Mar 17, 2000
#11	-9.69% Feb 17, 2023 - Apr 20, 2023	-9.05% Jul 19, 2007 - Oct 5, 2007
#12	-8.61% Sep 4, 2008 - Mar 11, 2009	-8.88% Jan 27, 2026 - Apr 14, 2026
#13	-8.61% Jun 5, 2018 - Jun 13, 2018	-8.41% Jul 16, 2024 - Sep 19, 2024
#14	-7.67% Jan 13, 2023 - Feb 17, 2023	-7.35% Sep 14, 2012 - Jan 2, 2013
#15	-6.53% Sep 7, 2018 - Sep 27, 2018	-7.27% Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between IRDM and SPY is 0.71 which considered as a strong positive correlation - the stocks tend to move together.

0.71

-101

Dividend Comparison (1999 - 2026)

IRDM vs SPY dividend yield comparison.

Year	IRDM	SPY
2026	0.33%	0.24%
2025	3.34%	1.07%
2024	1.90%	1.21%
2023	1.26%	1.40%
2022	0.00%	1.65%
2021	0.00%	1.20%
2020	0.00%	1.52%
2019	0.00%	1.75%
2018	0.00%	2.04%
2017	0.00%	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%