LMND vs SPY
Comparison between Lemonade Inc (LMND, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed LMND, delivering a return of +13.9% compared to -6.2%
LMND vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Market Cap / Net Assets
LMND
$4.40B
Winner
SPY
$735B
Expense Ratio
LMND
N/A
SPY
0.09%
Max Drawdown
LMND
94.23%
Winner
SPY
56.47%
Sharpe Ratio
LMND
1.05
Winner
SPY
1.72
5Y Beta
LMND
1.95
Winner
SPY
1.00
Industry
LMND
Insurance - Property & Casualty
SPY
N/A
P/E Ratio
Winner
LMND
-30.99
SPY
28.68
Forward P/E
LMND
N/A
SPY
22.00
5Y Dividends CAGR
LMND
N/A
SPY
5.43%
5Y EPS CAGR
LMND
-12.67%
Winner
SPY
26.37%
Debt to Equity
Winner
LMND
0.00%
SPY
34.04%
Free Cash Flow Yield
LMND
0.44%
SPY
N/A
P/S Ratio
LMND
5.22
Winner
SPY
3.85
P/B Ratio
LMND
7.62
Winner
SPY
5.68
LMND vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
LMND
-13.64%
Winner
SPY
+5.49%
3M
LMND
-0.45%
Winner
SPY
+8.03%
6M
LMND
-15.29%
Winner
SPY
+13.34%
1Y
Winner
LMND
+96.12%
SPY
+28.89%
5Y(CAGR)
LMND
-6.16%
Winner
SPY
+13.90%
10Y(CAGR)
LMND
N/A
SPY
+15.59%
Max(CAGR)
LMND
-3.28%
Winner
SPY
+8.51%
LMND vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | LMND | SPY |
|---|---|---|
| 2026 | -24.89% | +9.02% |
| 2025 | +95.60% | +18.00% |
| 2024 | +115.26% | +25.59% |
| 2023 | +17.48% | +26.72% |
| 2022 | -67.64% | -18.64% |
| 2021 | -62.85% | +30.52% |
| 2020 | +76.49% | +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% |
LMND vs SPY Drawdown Comparison
The maximum drawdown for LMND was -94.23%, occurring on Apr 27, 2023. 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 LMND drawdown is -68.87%. The current SPY drawdown is -0.73%.
| Rank | LMND | SPY |
|---|---|---|
| #1 | -94.23% Jan 11, 2021 - Apr 27, 2023 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -45.40% Jul 17, 2020 - Dec 7, 2020 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -19.92% Dec 23, 2020 - Jan 7, 2021 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -15.62% Jul 6, 2020 - Jul 10, 2020 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -12.39% Jul 10, 2020 - Jul 17, 2020 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -8.93% Dec 10, 2020 - Dec 17, 2020 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -4.72% Dec 7, 2020 - Dec 10, 2020 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | N/A | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | N/A | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | N/A | -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 LMND and SPY is -0.01 which considered as a very weak or no correlation - the stocks move independently of each other.
-0.01
-101
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