M vs SPY
Comparison between Macy`s Inc (M, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed M, delivering a return of +13.8% compared to +5.9%
M vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
M vs SPY - Historical Returns
Returns include dividend reinvestment.
M vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | M | SPY |
|---|---|---|
| 2026 | -11.17% | +8.80% |
| 2025 | +39.70% | +18.00% |
| 2024 | -10.88% | +25.59% |
| 2023 | +4.24% | +26.72% |
| 2022 | -22.25% | -18.64% |
| 2021 | +136.37% | +30.52% |
| 2020 | -28.42% | +17.28% |
| 2019 | -40.21% | +31.09% |
| 2018 | +18.46% | -5.24% |
| 2017 | -23.99% | +20.78% |
| 2016 | +4.14% | +13.59% |
| 2015 | -45.34% | +1.31% |
| 2014 | +25.63% | +14.56% |
| 2013 | +42.26% | +29.00% |
| 2012 | +21.93% | +14.17% |
| 2011 | +28.15% | +0.85% |
| 2010 | +49.66% | +13.14% |
| 2009 | +55.19% | +22.67% |
| 2008 | -57.15% | -36.25% |
| 2007 | -29.97% | +5.32% |
| 2006 | +13.31% | +13.85% |
| 2005 | +16.60% | +5.32% |
| 2004 | +26.62% | +10.75% |
| 2003 | +58.78% | +24.18% |
| 2002 | -28.92% | -22.42% |
| 2001 | +18.96% | -10.13% |
| 2000 | -30.53% | -8.84% |
| 1999 | +18.60% | +8.61% |
M vs SPY Drawdown Comparison
The maximum drawdown for M was -91.86%, occurring on Apr 1, 2020. 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 M drawdown is -55.85%. The current SPY drawdown is -0.92%.
| Rank | M | SPY |
|---|---|---|
| #1 | -91.86% Jul 16, 2015 - Apr 1, 2020 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -87.41% Mar 23, 2007 - Mar 12, 2013 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -55.14% Jan 10, 2000 - Feb 25, 2004 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -24.68% Aug 1, 2005 - Apr 5, 2006 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -21.47% Apr 5, 2004 - Nov 15, 2004 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -17.66% Oct 26, 2006 - Mar 8, 2007 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -15.52% May 8, 2006 - Sep 8, 2006 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -15.43% Jul 9, 2013 - Nov 13, 2013 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -11.68% Aug 26, 2014 - Nov 20, 2014 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -11.20% Apr 5, 2005 - May 16, 2005 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -9.91% Mar 4, 2004 - Apr 5, 2004 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -9.46% Jan 17, 2014 - Feb 25, 2014 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -9.43% Apr 8, 2015 - Jun 12, 2015 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -9.14% Apr 2, 2014 - Aug 21, 2014 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -8.42% Jan 8, 2015 - Apr 2, 2015 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between M and SPY is 0.07 which considered as a very weak or no correlation - the stocks move independently of each other.
Dividend Comparison (1999 - 2026)
M vs SPY dividend yield comparison.
| Year | M | SPY |
|---|---|---|
| 2026 | 0.96% | 0.24% |
| 2025 | 3.31% | 1.07% |
| 2024 | 4.10% | 1.21% |
| 2023 | 3.29% | 1.40% |
| 2022 | 3.05% | 1.65% |
| 2021 | 1.15% | 1.20% |
| 2020 | 3.36% | 1.52% |
| 2019 | 8.88% | 1.75% |
| 2018 | 5.07% | 2.04% |
| 2017 | 5.99% | 1.80% |
| 2016 | 4.17% | 2.03% |
| 2015 | 3.98% | 2.06% |
| 2014 | 1.81% | 1.87% |
| 2013 | 1.78% | 1.81% |
| 2012 | 2.05% | 2.18% |
| 2011 | 1.09% | 2.05% |
| 2010 | 0.79% | 1.80% |
| 2009 | 1.19% | 1.95% |
| 2008 | 5.10% | 3.02% |
| 2007 | 2.00% | 1.85% |
| 2006 | 1.33% | 1.73% |
| 2005 | 1.16% | 1.73% |
| 2004 | 0.92% | 1.82% |
| 2003 | 0.80% | 1.47% |
| 2002 | 0.00% | 1.70% |
| 2001 | 0.00% | 1.25% |
| 2000 | 0.00% | 1.15% |
| 1999 | 0.00% | 0.24% |
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