KC vs SPY

Comparison between Kingsoft Cloud Holdings Ltd (KC, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceSPY has outperformed KC, delivering a return of +14.0% compared to -16.9%

KC vs SPY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	KC(COMPANY)	SPY(ETF)
Market Cap / Net Assets	$3.43B	$735B
Expense Ratio	N/A	0.09%
Max Drawdown	97.36%	56.47%
Sharpe Ratio	0.39	1.91
5Y Beta	1.54	1.00
Industry	Software - Application	N/A
P/E Ratio	-25.64	28.68
Forward P/E	N/A	22.19
5Y Dividends CAGR	N/A	5.43%
5Y EPS CAGR	-3.84%	26.37%
Debt to Equity	68.39%	34.04%
Free Cash Flow Yield	15.83%	N/A
P/S Ratio	0.44	3.76
P/B Ratio	3.05	5.55

Market Cap / Net Assets

$3.43B

Winner

SPY

$735B

Expense Ratio

N/A

SPY

0.09%

Max Drawdown

97.36%

Winner

SPY

56.47%

Sharpe Ratio

0.39

Winner

SPY

1.91

5Y Beta

1.54

Winner

SPY

1.00

Industry

Software - Application

SPY

N/A

P/E Ratio

Winner

-25.64

SPY

28.68

Forward P/E

N/A

SPY

22.19

5Y Dividends CAGR

N/A

SPY

5.43%

5Y EPS CAGR

-3.84%

Winner

SPY

26.37%

Debt to Equity

68.39%

Winner

SPY

34.04%

Free Cash Flow Yield

15.83%

SPY

N/A

P/S Ratio

Winner

0.44

SPY

3.76

P/B Ratio

Winner

3.05

SPY

5.55

KC vs SPY - Historical Returns

Returns include dividend reinvestment.

Period	KC	SPY
1 month	-17.42%	+4.84%
3 months	+12.95%	+9.57%
6 months	+17.81%	+13.79%
1 year	+6.04%	+29.34%
5 years(CAGR)	-16.85%	+13.98%
10 years(CAGR)	N/A	+15.66%
Max(CAGR)	-8.20%	+8.53%

-17.42%

Winner

SPY

+4.84%

Winner

+12.95%

SPY

+9.57%

Winner

+17.81%

SPY

+13.79%

+6.04%

Winner

SPY

+29.34%

5Y(CAGR)

-16.85%

Winner

SPY

+13.98%

10Y(CAGR)

N/A

SPY

+15.66%

Max(CAGR)

-8.20%

Winner

SPY

+8.53%

KC vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	KC	SPY
2026	+30.10%	+9.45%
2025	-3.54%	+18.00%
2024	+193.02%	+25.59%
2023	-4.06%	+26.72%
2022	-74.07%	-18.64%
2021	-63.47%	+30.52%
2020	+82.68%	+17.28%
2019	N/A	+31.09%
2018	N/A	-5.24%
2017	N/A	+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%

KC vs SPY Drawdown Comparison

The maximum drawdown for KC was -97.36%, occurring on Sep 22, 2022. 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 KC drawdown is -80.27%. The current SPY drawdown is -0.34%.

Rank	KC	SPY
#1	-97.36% Feb 11, 2021 - Sep 22, 2022	-55.20% Oct 9, 2007 - Aug 16, 2012
#2	-33.85% May 11, 2020 - Jun 19, 2020	-47.50% Mar 24, 2000 - Oct 26, 2006
#3	-29.56% Jul 9, 2020 - Nov 27, 2020	-33.70% Feb 19, 2020 - Aug 10, 2020
#4	-14.83% Dec 17, 2020 - Jan 22, 2021	-24.50% Jan 3, 2022 - Dec 13, 2023
#5	-13.38% Jun 23, 2020 - Jun 30, 2020	-19.34% Sep 20, 2018 - Apr 12, 2019
#6	-7.06% Jan 22, 2021 - Feb 1, 2021	-18.76% Feb 19, 2025 - Jun 26, 2025
#7	-3.67% Jul 6, 2020 - Jul 8, 2020	-13.02% Jul 20, 2015 - Apr 18, 2016
#8	-3.20% Nov 27, 2020 - Dec 7, 2020	-10.10% Jan 26, 2018 - Aug 6, 2018
#9	-1.91% Dec 11, 2020 - Dec 16, 2020	-9.44% Sep 2, 2020 - Nov 11, 2020
#10	-1.51% Dec 7, 2020 - Dec 10, 2020	-9.30% Jan 19, 2000 - Mar 17, 2000
#11	N/A	-9.05% Jul 19, 2007 - Oct 5, 2007
#12	N/A	-8.88% Jan 27, 2026 - Apr 14, 2026
#13	N/A	-8.41% Jul 16, 2024 - Sep 19, 2024
#14	N/A	-7.35% Sep 14, 2012 - Jan 2, 2013
#15	N/A	-7.27% Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between KC and SPY is -0.32 which considered as a weak negative correlation - the stocks show a slight tendency to move in opposite directions.

-0.32

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