LTM vs SPY

Comparison between LATAM Airlines Group SA (LTM, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceLTM has outperformed SPY, delivering a return of +61.4% compared to +13.3%

LTM vs SPY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	LTM(COMPANY)	SPY(ETF)
Market Cap / Net Assets	$16B	$652B
Expense Ratio	N/A	0.09%
Max Drawdown	96.55%	56.47%
Sharpe Ratio	1.34	2.07
5Y Beta	0.86	1.00
Industry	Airlines	N/A
P/E Ratio	10.64	28.24
Forward P/E	12.95	21.85
PEG Ratio	0.19	N/A
5Y Dividends CAGR	74.70%	5.43%
5Y EPS CAGR	N/A	25.79%
Debt to Equity	601.11%	22.35%
Free Cash Flow Yield	10.57%	N/A
P/S Ratio	1.01	3.55
P/B Ratio	7.70	5.29

Market Cap / Net Assets

LTM

$16B

Winner

SPY

$652B

Expense Ratio

LTM

N/A

SPY

0.09%

Max Drawdown

LTM

96.55%

Winner

SPY

56.47%

Sharpe Ratio

LTM

1.34

Winner

SPY

2.07

5Y Beta

Winner

LTM

0.86

SPY

1.00

Industry

LTM

Airlines

SPY

N/A

P/E Ratio

Winner

LTM

10.64

SPY

28.24

Forward P/E

Winner

LTM

12.95

SPY

21.85

PEG Ratio

LTM

0.19

SPY

N/A

5Y Dividends CAGR

Winner

LTM

74.70%

SPY

5.43%

5Y EPS CAGR

LTM

N/A

SPY

25.79%

Debt to Equity

LTM

601.11%

Winner

SPY

22.35%

Free Cash Flow Yield

LTM

10.57%

SPY

N/A

P/S Ratio

Winner

LTM

1.01

SPY

3.55

P/B Ratio

LTM

7.70

Winner

SPY

5.29

LTM vs SPY - Historical Returns

Returns include dividend reinvestment.

Period	LTM	SPY
1 month	-2.49%	+9.11%
3 months	-20.89%	+6.59%
6 months	+19.69%	+10.56%
1 year	+57.09%	+32.04%
5 years(CAGR)	+61.42%	+13.35%
10 years(CAGR)	+24.41%	+15.49%
Max(CAGR)	+17.25%	+8.50%

LTM

-2.49%

Winner

SPY

+9.11%

LTM

-20.89%

Winner

SPY

+6.59%

Winner

LTM

+19.69%

SPY

+10.56%

Winner

LTM

+57.09%

SPY

+32.04%

5Y(CAGR)

Winner

LTM

+61.42%

SPY

+13.35%

10Y(CAGR)

Winner

LTM

+24.41%

SPY

+15.49%

Max(CAGR)

Winner

LTM

+17.25%

SPY

+8.50%

LTM vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	LTM	SPY
2026	-6.01%	+8.27%
2025	+109.50%	+18.00%
2024	+11.66%	+25.59%
2023	N/A	+26.72%
2022	N/A	-18.64%
2021	N/A	+30.52%
2020	-68.28%	+17.28%
2019	-2.15%	+31.09%
2018	-28.23%	-5.24%
2017	+70.23%	+20.78%
2016	+57.61%	+13.59%
2015	-54.40%	+1.31%
2014	-22.36%	+14.56%
2013	-30.38%	+29.00%
2012	+0.33%	+14.17%
2011	-23.81%	+0.85%
2010	+84.02%	+13.14%
2009	+110.00%	+22.67%
2008	-34.00%	-36.25%
2007	+22.75%	+5.32%
2006	+45.32%	+13.85%
2005	+17.23%	+5.32%
2004	+85.24%	+10.75%
2003	+228.35%	+24.18%
2002	-21.47%	-22.42%
2001	+2.93%	-10.13%
2000	+3.79%	-8.84%
1999	+13.08%	+8.61%

LTM vs SPY Drawdown Comparison

The maximum drawdown for LTM was -96.29%, occurring on May 28, 2020. Recovery took 2523 trading sessions.

The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.

The current LTM drawdown is -25.06%.

Rank	LTM	SPY
#1	-96.29% Dec 3, 2010 - Jan 30, 2025	-55.20% Oct 9, 2007 - Aug 16, 2012
#2	-66.30% Jul 23, 2001 - Aug 21, 2003	-47.50% Mar 24, 2000 - Oct 26, 2006
#3	-51.56% Sep 19, 2007 - Nov 13, 2009	-33.70% Feb 19, 2020 - Aug 10, 2020
#4	-39.18% Feb 14, 2000 - May 10, 2001	-24.50% Jan 3, 2022 - Dec 13, 2023
#5	-33.89% Feb 2, 2026 - May 4, 2026	-19.34% Sep 20, 2018 - Apr 12, 2019
#6	-26.89% Feb 27, 2006 - Oct 12, 2006	-18.76% Feb 19, 2025 - Jun 26, 2025
#7	-23.74% Dec 29, 2004 - Jan 27, 2005	-13.02% Jul 20, 2015 - Apr 18, 2016
#8	-19.30% Jul 16, 2007 - Sep 18, 2007	-10.10% Jan 26, 2018 - Aug 6, 2018
#9	-19.12% Sep 4, 2025 - Dec 4, 2025	-9.44% Sep 2, 2020 - Nov 11, 2020
#10	-18.26% Apr 19, 2005 - Dec 8, 2005	-9.30% Jan 19, 2000 - Mar 17, 2000
#11	-17.57% Apr 26, 2004 - Aug 13, 2004	-9.05% Jul 19, 2007 - Oct 5, 2007
#12	-16.81% Mar 5, 2025 - May 2, 2025	-8.88% Jan 27, 2026 - Apr 14, 2026
#13	-14.95% Feb 16, 2007 - May 2, 2007	-8.41% Jul 16, 2024 - Sep 19, 2024
#14	-14.85% Jan 8, 2004 - Apr 23, 2004	-7.35% Sep 14, 2012 - Jan 2, 2013
#15	-12.26% May 10, 2001 - Jul 23, 2001	-7.27% Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between LTM and SPY is 0.73 which considered as a strong positive correlation - the stocks tend to move together.

0.73

-101

Dividend Comparison (1999 - 2026)

LTM vs SPY dividend yield comparison.

Year	LTM	SPY
2026	0.26%	0.24%
2025	4.39%	1.07%
2024	0.00%	1.21%
2023	0.00%	1.40%
2022	0.00%	1.65%
2021	0.00%	1.20%
2020	2.93%	1.52%
2019	0.89%	1.75%
2018	0.75%	2.04%
2017	0.16%	1.80%
2016	0.00%	2.03%
2015	0.00%	2.06%
2014	0.00%	1.87%
2013	0.07%	1.81%
2012	0.87%	2.18%
2011	1.59%	2.05%
2010	1.00%	1.80%
2009	2.76%	1.95%
2008	15.75%	3.02%
2007	2.10%	1.85%
2006	1.55%	1.73%
2005	1.19%	1.73%
2004	4.05%	1.82%
2003	5.71%	1.47%
2002	0.48%	1.70%
2001	3.92%	1.25%
2000	1.34%	1.15%
1999	0.00%	0.24%