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LBO vs SPY

Comparison between WHITEWOLF PUBLICLY LISTED PRIVATE EQUITY ETF (LBO, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).

LBO vs SPY - Performance Comparison

Key Characteristics

Financial metrics and valuation ratios

Net Assets
LBO
$7.10M
Winner
SPY
$784B
Expense Ratio
LBO
6.53%
Winner
SPY
0.09%
Max Drawdown
Winner
LBO
35.86%
SPY
56.47%
Sharpe Ratio
LBO
-0.61
Winner
SPY
1.56
5Y Beta
LBO
1.02
Winner
SPY
1.00
P/E Ratio
Winner
LBO
25.30
SPY
28.29
Forward P/E
Winner
LBO
11.27
SPY
21.75
5Y Dividends CAGR
LBO
N/A
SPY
5.43%
5Y EPS CAGR
LBO
N/A
SPY
25.98%
Debt to Equity
LBO
122.39%
Winner
SPY
30.79%
P/S Ratio
Winner
LBO
2.93
SPY
3.79
P/B Ratio
Winner
LBO
1.67
SPY
5.67

LBO vs SPY - Holdings Comparison

LBO and SPY have 6 common holdings. Overlap is -5.76%

LBO's top 25 holdings weight is 103.49%. SPY's top 25 holdings weight is 52.46%.

RankLBOSPY
#1
ARES CAPITAL CORP (ARCC) - 10.42%
NVIDIA CORP (NVDA) - 8.30%
#2
APOLLO GLOBAL MANAGEMENT INC (APO) - 9.30%
APPLE INC (AAPL) - 7.09%
#3
HERCULES CAPITAL INC (HTGC) - 7.57%
MICROSOFT CORP (MSFT) - 5.02%
#4
KKR & CO INC ORDINARY SHARES (KKR) - 7.53%
AMAZON.COM INC (AMZN) - 3.84%
#5
BLACKSTONE SECURED LENDING FUND ORDINARY SHARES (BXSL) - 7.44%
BROADCOM INC (AVGO) - 3.50%
#6
US DOLLARS (n/a) - 6.40%
ALPHABET INC CLASS A (GOOGL) - 3.23%
#7
GOLUB CAPITAL BDC INC (GBDC) - 5.38%
ALPHABET INC CLASS C (GOOG) - 2.57%
#8
BLUE OWL CAPITAL INC ORDINARY SHARES CLASS A (OWL) - 5.00%
META PLATFORMS INC CLASS A (META) - 2.00%
#9
BLACKROCK INC (BLK) - 4.65%
MICRON TECHNOLOGY INC (MU) - 1.84%
#10
THE CARLYLE GROUP INC (CG) - 4.44%
TESLA INC (TSLA) - 1.83%
#11
ARES MANAGEMENT CORP ORDINARY SHARES CLASS A (ARES) - 3.90%
BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.32%
#12
COMPASS DIVERSIFIED HOLDINGS (CODI) - 3.79%
ADVANCED MICRO DEVICES INC (AMD) - 1.30%
#13
BLACKSTONE INC (BX) - 3.58%
ELI LILLY AND CO (LLY) - 1.29%
#14
TRINITY CAPITAL INC ORDINARY SHARES (TRIN) - 3.30%
JPMORGAN CHASE & CO (JPM) - 1.24%
#15
TPG INC ORDINARY SHARES CLASS A (TPG) - 3.25%
EXXON MOBIL CORP (XOM) - 0.96%
#16
BROOKFIELD CORP REGISTERED SHS -A- LIMITED VTG (BN) - 3.21%
JOHNSON & JOHNSON (JNJ) - 0.82%
#17
BROOKFIELD ASSET MANAGEMENT LTD ORDINARY SHARES CLASS A (BAM) - 2.99%
VISA INC CLASS A (V) - 0.82%
#18
FIRST AMERICAN GOVERNMENT OBLIGS X (FGXXX) - 2.04%
INTEL CORP (INTC) - 0.78%
#19
MIDCAP FINANCIAL INVESTMENT CORP (MFIC) - 1.98%
CISCO SYSTEMS INC (CSCO) - 0.77%
#20
SIXTH STREET SPECIALTY LENDING INC (TSLX) - 1.92%
WALMART INC (WMT) - 0.76%
#21
STEPSTONE GROUP INC ORDINARY SHARES CLASS A (STEP) - 1.48%
COSTCO WHOLESALE CORP (COST) - 0.65%
#22
CION INVT CORP ORDINARY SHARES (CION) - 1.16%
CATERPILLAR INC (CAT) - 0.65%
#23
MAIN STREET CAPITAL CORP (MAIN) - 0.93%
ORACLE CORP (ORCL) - 0.64%
#24
BAIN CAPITAL SPECIALTY FINANCE INC (BCSF) - 0.92%
LAM RESEARCH CORP (LRCX) - 0.64%
#25
BARINGS BDC INC (BBDC) - 0.91%
APPLIED MATERIALS INC (AMAT) - 0.60%
Total Holdings44505

LBO vs SPY - Historical Returns

Returns include dividend reinvestment.

1M
LBO
-1.22%
Winner
SPY
+0.48%
3M
Winner
LBO
+14.33%
SPY
+11.67%
6M
LBO
-12.66%
Winner
SPY
+9.42%
1Y
LBO
-11.47%
Winner
SPY
+24.27%
5Y(CAGR)
LBO
N/A
SPY
+13.36%
10Y(CAGR)
LBO
N/A
SPY
+15.42%
Max(CAGR)
LBO
+6.50%
Winner
SPY
+8.49%

LBO vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

YearLBOSPY
2026-11.85%+8.88%
2025-7.23%+18.00%
2024+31.97%+25.59%
2023+7.27%+26.72%
2022N/A-18.64%
2021N/A+30.52%
2020N/A+17.28%
2019N/A+31.09%
2018N/A-5.24%
2017N/A+20.78%
2016N/A+13.59%
2015N/A+1.31%
2014N/A+14.56%
2013N/A+29.00%
2012N/A+14.17%
2011N/A+0.85%
2010N/A+13.14%
2009N/A+22.67%
2008N/A-36.25%
2007N/A+5.32%
2006N/A+13.85%
2005N/A+5.32%
2004N/A+10.75%
2003N/A+24.18%
2002N/A-22.42%
2001N/A-10.13%
2000N/A-8.84%
1999N/A+8.61%

LBO vs SPY Drawdown Comparison

The maximum drawdown for LBO was -31.38%, occurring on Mar 12, 2026. 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 LBO drawdown is -21.55%. The current SPY drawdown is -2.35%.

RankLBOSPY
#1-31.38%
Jan 31, 2025 - Mar 12, 2026		-55.20%
Oct 9, 2007 - Aug 16, 2012
#2-10.74%
Jul 31, 2024 - Sep 19, 2024		-47.50%
Mar 24, 2000 - Oct 26, 2006
#3-5.51%
Nov 29, 2024 - Jan 17, 2025		-33.70%
Feb 19, 2020 - Aug 10, 2020
#4-4.85%
Oct 21, 2024 - Nov 6, 2024		-24.50%
Jan 3, 2022 - Dec 13, 2023
#5-3.35%
Apr 8, 2024 - May 6, 2024		-19.34%
Sep 20, 2018 - Apr 12, 2019
#6-2.50%
May 24, 2024 - Jul 3, 2024		-18.76%
Feb 19, 2025 - Jun 26, 2025
#7-2.50%
Dec 28, 2023 - Jan 22, 2024		-13.02%
Jul 20, 2015 - Apr 18, 2016
#8-2.00%
Nov 11, 2024 - Nov 21, 2024		-10.10%
Jan 26, 2018 - Aug 6, 2018
#9-1.92%
Jul 22, 2024 - Jul 30, 2024		-9.44%
Sep 2, 2020 - Nov 11, 2020
#10-1.81%
Jan 30, 2024 - Feb 8, 2024		-9.30%
Jan 19, 2000 - Mar 17, 2000
#11-1.71%
Feb 12, 2024 - Feb 15, 2024		-9.05%
Jul 19, 2007 - Oct 5, 2007
#12-1.66%
Mar 12, 2024 - Mar 21, 2024		-8.88%
Jan 27, 2026 - Apr 14, 2026
#13-1.47%
Mar 28, 2024 - Apr 8, 2024		-8.41%
Jul 16, 2024 - Sep 19, 2024
#14-1.36%
May 15, 2024 - May 24, 2024		-7.35%
Sep 14, 2012 - Jan 2, 2013
#15-1.19%
Dec 19, 2023 - Dec 26, 2023		-7.27%
Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between LBO and SPY is 0.25 which considered as a very weak or no correlation - the stocks move independently of each other.

0.25
-101

Dividend Comparison (1999 - 2026)

LBO vs SPY dividend yield comparison.

YearLBOSPY
20261.03%0.24%
20257.04%1.07%
20245.79%1.21%
20231.20%1.40%
20220.00%1.65%
20210.00%1.20%
20200.00%1.52%
20190.00%1.75%
20180.00%2.04%
20170.00%1.80%
20160.00%2.03%
20150.00%2.06%
20140.00%1.87%
20130.00%1.81%
20120.00%2.18%
20110.00%2.05%
20100.00%1.80%
20090.00%1.95%
20080.00%3.02%
20070.00%1.85%
20060.00%1.73%
20050.00%1.73%
20040.00%1.82%
20030.00%1.47%
20020.00%1.70%
20010.00%1.25%
20000.00%1.15%
19990.00%0.24%

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