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MBWM vs SPY

Comparison between Mercantile Bank Corp (MBWM, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceMBWM has outperformed SPY, delivering a return of +15.5% compared to +13.4%

MBWM vs SPY - Performance Comparison

Key Characteristics

Financial metrics and valuation ratios

Market Cap / Net Assets
MBWM
$939M
Winner
SPY
$784B
Expense Ratio
MBWM
N/A
SPY
0.09%
Max Drawdown
MBWM
93.18%
Winner
SPY
56.47%
Sharpe Ratio
MBWM
0.90
Winner
SPY
1.56
5Y Beta
Winner
MBWM
0.85
SPY
1.00
Industry
MBWM
Banks - Regional
SPY
N/A
P/E Ratio
Winner
MBWM
10.14
SPY
28.29
Forward P/E
Winner
MBWM
10.87
SPY
21.75
PEG Ratio
MBWM
0.59
SPY
N/A
Dividend Yield
MBWM
2.80%
SPY
N/A
5Y Dividends CAGR
Winner
MBWM
10.87%
SPY
5.43%
5Y EPS CAGR
MBWM
13.92%
Winner
SPY
25.98%
Debt to Equity
Winner
MBWM
0.00%
SPY
30.79%
Free Cash Flow Yield
MBWM
5.24%
SPY
N/A
P/S Ratio
Winner
MBWM
3.68
SPY
3.79
P/B Ratio
Winner
MBWM
1.26
SPY
5.67

MBWM vs SPY - Historical Returns

Returns include dividend reinvestment.

1M
Winner
MBWM
+8.46%
SPY
+0.48%
3M
MBWM
+11.06%
Winner
SPY
+11.67%
6M
Winner
MBWM
+13.07%
SPY
+9.42%
1Y
Winner
MBWM
+27.16%
SPY
+24.27%
5Y(CAGR)
Winner
MBWM
+15.55%
SPY
+13.36%
10Y(CAGR)
MBWM
+12.47%
Winner
SPY
+15.42%
Max(CAGR)
Winner
MBWM
+8.99%
SPY
+8.49%

MBWM vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

YearMBWMSPY
2026+17.70%+8.88%
2025+13.50%+18.00%
2024+14.38%+25.59%
2023+25.12%+26.72%
2022-1.45%-18.64%
2021+34.53%+30.52%
2020-21.59%+17.28%
2019+29.33%+31.09%
2018-17.67%-5.24%
2017-3.54%+20.78%
2016+65.97%+13.59%
2015+22.78%+1.31%
2014+11.11%+14.56%
2013+29.13%+29.00%
2012+66.85%+14.17%
2011+14.84%+0.85%
2010+147.71%+13.14%
2009-30.05%+22.67%
2008-71.65%-36.25%
2007-55.38%+5.32%
2006+8.36%+13.85%
2005+3.12%+5.32%
2004+6.97%+10.75%
2003+64.44%+24.18%
2002+38.69%-22.42%
2001+60.25%-10.13%
2000-7.76%-8.84%
1999-16.06%+8.61%

MBWM vs SPY Drawdown Comparison

The maximum drawdown for MBWM was -92.59%, occurring on Jun 24, 2009. Recovery took 2855 trading sessions.

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

The current SPY drawdown is -2.35%.

RankMBWMSPY
#1-92.59%
Jul 13, 2005 - Nov 11, 2016		-55.20%
Oct 9, 2007 - Aug 16, 2012
#2-52.14%
Dec 17, 2019 - Oct 19, 2021		-47.50%
Mar 24, 2000 - Oct 26, 2006
#3-37.90%
Nov 2, 1999 - Jan 11, 2001		-33.70%
Feb 19, 2020 - Aug 10, 2020
#4-36.05%
Jan 25, 2022 - Nov 14, 2023		-24.50%
Jan 3, 2022 - Dec 13, 2023
#5-29.29%
Jul 9, 2018 - Dec 16, 2019		-19.34%
Sep 20, 2018 - Apr 12, 2019
#6-25.00%
Feb 11, 2025 - Jan 8, 2026		-18.76%
Feb 19, 2025 - Jun 26, 2025
#7-24.92%
May 28, 2002 - Dec 17, 2002		-13.02%
Jul 20, 2015 - Apr 18, 2016
#8-22.44%
Dec 20, 2016 - Nov 29, 2017		-10.10%
Jan 26, 2018 - Aug 6, 2018
#9-20.60%
Jan 5, 2004 - Nov 11, 2004		-9.44%
Sep 2, 2020 - Nov 11, 2020
#10-19.38%
Jan 30, 2024 - Jul 11, 2024		-9.30%
Jan 19, 2000 - Mar 17, 2000
#11-19.02%
Aug 13, 2001 - Jan 15, 2002		-9.05%
Jul 19, 2007 - Oct 5, 2007
#12-17.93%
Nov 6, 2024 - Feb 11, 2025		-8.88%
Jan 27, 2026 - Apr 14, 2026
#13-17.66%
Jul 26, 2024 - Nov 6, 2024		-8.41%
Jul 16, 2024 - Sep 19, 2024
#14-13.14%
Feb 11, 2005 - Jun 17, 2005		-7.35%
Sep 14, 2012 - Jan 2, 2013
#15-11.95%
Nov 29, 2017 - Jun 4, 2018		-7.27%
Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between MBWM and SPY is 0.91 which considered as a very strong positive correlation - the stocks move almost identically together.

0.91
-101

Dividend Comparison (1999 - 2026)

MBWM vs SPY dividend yield comparison.

YearMBWMSPY
20261.41%0.24%
20253.12%1.07%
20243.19%1.21%
20233.32%1.40%
20223.76%1.65%
20213.37%1.20%
20204.12%1.52%
20192.91%1.75%
20183.29%2.04%
20172.09%1.80%
20163.08%2.03%
20152.36%2.06%
201411.80%1.87%
20132.09%1.81%
20120.55%2.18%
20110.00%2.05%
20100.12%1.80%
20092.27%1.95%
20087.21%3.02%
20073.57%1.85%
20061.32%1.73%
20051.09%1.73%
20040.91%1.82%
20030.88%1.47%
20020.00%1.70%
20010.00%1.25%
20000.00%1.15%
19990.00%0.24%

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