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MBIN vs SPY

Comparison between Merchants Bancorp (MBIN, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceMBIN has outperformed SPY, delivering a return of +13.8% compared to +13.4%

MBIN vs SPY - Performance Comparison

Key Characteristics

Financial metrics and valuation ratios

Market Cap / Net Assets
MBIN
$2.28B
Winner
SPY
$784B
Expense Ratio
MBIN
N/A
SPY
0.09%
Max Drawdown
Winner
MBIN
54.94%
SPY
56.47%
Sharpe Ratio
MBIN
1.23
Winner
SPY
1.50
5Y Beta
Winner
MBIN
0.89
SPY
1.00
Industry
MBIN
Banks - Regional
SPY
N/A
P/E Ratio
Winner
MBIN
9.97
SPY
28.29
Forward P/E
MBIN
N/A
SPY
21.76
Dividend Yield
MBIN
0.84%
SPY
N/A
5Y Dividends CAGR
Winner
MBIN
18.31%
SPY
5.43%
5Y EPS CAGR
MBIN
-0.32%
Winner
SPY
25.98%
Debt to Equity
Winner
MBIN
0.00%
SPY
30.79%
Free Cash Flow Yield
MBIN
-48.36%
SPY
N/A
P/S Ratio
MBIN
3.88
Winner
SPY
3.79
P/B Ratio
Winner
MBIN
1.26
SPY
5.67

MBIN vs SPY - Historical Returns

Returns include dividend reinvestment.

1M
Winner
MBIN
+9.67%
SPY
+0.48%
3M
Winner
MBIN
+18.89%
SPY
+11.67%
6M
Winner
MBIN
+39.05%
SPY
+9.42%
1Y
Winner
MBIN
+56.38%
SPY
+24.27%
5Y(CAGR)
Winner
MBIN
+13.78%
SPY
+13.36%
10Y(CAGR)
Winner
MBIN
+20.35%
SPY
+15.42%
Max(CAGR)
Winner
MBIN
+20.35%
SPY
+8.49%

MBIN vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

YearMBINSPY
2026+51.42%+8.88%
2025-4.28%+18.00%
2024-11.59%+25.59%
2023+78.46%+26.72%
2022-21.45%-18.64%
2021+71.57%+30.52%
2020+45.19%+17.28%
2019-0.29%+31.09%
2018+0.99%-5.24%
2017+17.42%+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%

MBIN vs SPY Drawdown Comparison

The maximum drawdown for MBIN was -53.74%, occurring on Apr 15, 2020. Recovery took 608 trading sessions.

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

The current MBIN drawdown is -2.92%. The current SPY drawdown is -2.35%.

RankMBINSPY
#1-53.74%
Jun 20, 2018 - Nov 17, 2020		-55.20%
Oct 9, 2007 - Aug 16, 2012
#2-43.94%
Jul 26, 2024 - Aug 1, 2025		-47.50%
Mar 24, 2000 - Oct 26, 2006
#3-33.58%
Jan 14, 2022 - Nov 15, 2023		-33.70%
Feb 19, 2020 - Aug 10, 2020
#4-22.34%
May 6, 2021 - Nov 1, 2021		-24.50%
Jan 3, 2022 - Dec 13, 2023
#5-17.90%
May 13, 2024 - Jul 16, 2024		-19.34%
Sep 20, 2018 - Apr 12, 2019
#6-17.73%
Jan 30, 2024 - May 3, 2024		-18.76%
Feb 19, 2025 - Jun 26, 2025
#7-12.34%
Mar 12, 2021 - May 4, 2021		-13.02%
Jul 20, 2015 - Apr 18, 2016
#8-12.09%
Mar 26, 2018 - May 2, 2018		-10.10%
Jan 26, 2018 - Aug 6, 2018
#9-10.62%
Nov 23, 2021 - Jan 7, 2022		-9.44%
Sep 2, 2020 - Nov 11, 2020
#10-8.47%
Jan 23, 2018 - Mar 5, 2018		-9.30%
Jan 19, 2000 - Mar 17, 2000
#11-7.48%
Dec 27, 2023 - Jan 24, 2024		-9.05%
Jul 19, 2007 - Oct 5, 2007
#12-6.88%
Dec 17, 2020 - Jan 6, 2021		-8.88%
Jan 27, 2026 - Apr 14, 2026
#13-6.46%
Jan 12, 2021 - Feb 1, 2021		-8.41%
Jul 16, 2024 - Sep 19, 2024
#14-6.21%
Dec 12, 2017 - Jan 12, 2018		-7.35%
Sep 14, 2012 - Jan 2, 2013
#15-5.68%
Nov 17, 2020 - Dec 10, 2020		-7.27%
Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between MBIN and SPY is 0.90 which considered as a strong positive correlation - the stocks tend to move together.

0.90
-101

Dividend Comparison (1999 - 2026)

MBIN vs SPY dividend yield comparison.

YearMBINSPY
20260.22%0.24%
20251.17%1.07%
20240.99%1.21%
20230.75%1.40%
20221.15%1.65%
20210.76%1.20%
20201.16%1.52%
20191.42%1.75%
20181.20%2.04%
20170.25%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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