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MHNC vs SPY

Comparison between Maiden Holdings North American Ltd 775 Nts 12012043 (MHNC, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceSPY has outperformed MHNC, delivering a return of +13.3% compared to -2.5%

MHNC vs SPY - Performance Comparison

Key Characteristics

Financial metrics and valuation ratios

Market Cap / Net Assets
MHNC
$1.31B
Winner
SPY
$735B
Expense Ratio
MHNC
N/A
SPY
0.09%
Max Drawdown
MHNC
58.28%
Winner
SPY
56.47%
Sharpe Ratio
MHNC
-0.88
Winner
SPY
1.62
5Y Beta
Winner
MHNC
0.14
SPY
1.00
P/E Ratio
Winner
MHNC
-6.18
SPY
28.99
Forward P/E
MHNC
N/A
SPY
22.37
PEG Ratio
MHNC
-0.01
SPY
N/A
Dividend Yield
MHNC
10.60%
SPY
N/A
5Y Dividends CAGR
MHNC
4.56%
Winner
SPY
5.43%
5Y EPS CAGR
MHNC
18.84%
Winner
SPY
26.05%
Debt to Equity
MHNC
678.14%
Winner
SPY
32.40%
Free Cash Flow Yield
MHNC
-7.37%
SPY
N/A
P/S Ratio
MHNC
N/A
SPY
3.74
P/B Ratio
MHNC
N/A
SPY
5.61

MHNC vs SPY - Historical Returns

Returns include dividend reinvestment.

1M
MHNC
-3.05%
Winner
SPY
+1.90%
3M
MHNC
-13.70%
Winner
SPY
+8.55%
6M
MHNC
-17.31%
Winner
SPY
+8.18%
1Y
MHNC
-18.54%
Winner
SPY
+25.79%
5Y(CAGR)
MHNC
-2.49%
Winner
SPY
+13.32%
10Y(CAGR)
MHNC
+1.49%
Winner
SPY
+15.19%
Max(CAGR)
MHNC
+3.61%
Winner
SPY
+8.47%

MHNC vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

YearMHNCSPY
2026-16.05%+8.26%
2025-0.47%+18.00%
2024+5.68%+25.59%
2023+13.11%+26.72%
2022-10.47%-18.64%
2021+13.55%+30.52%
2020+6.69%+17.28%
2019+4.60%+31.09%
2018+1.98%-5.24%
2017-1.35%+20.78%
2016+6.93%+13.59%
2015+8.97%+1.31%
2014+34.94%+14.56%
2013-15.14%+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%

MHNC vs SPY Drawdown Comparison

The maximum drawdown for MHNC was -32.49%, occurring on Mar 7, 2019. Recovery took 597 trading sessions.

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

The current MHNC drawdown is -24.30%. The current SPY drawdown is -2.90%.

RankMHNCSPY
#1-32.49%
Aug 7, 2017 - Dec 19, 2019		-55.20%
Oct 9, 2007 - Aug 16, 2012
#2-31.67%
Sep 12, 2025 - Mar 20, 2026		-47.50%
Mar 24, 2000 - Oct 26, 2006
#3-29.19%
Feb 4, 2020 - May 29, 2020		-33.70%
Feb 19, 2020 - Aug 10, 2020
#4-28.20%
Sep 30, 2021 - Dec 13, 2023		-24.50%
Jan 3, 2022 - Dec 13, 2023
#5-19.57%
Nov 4, 2024 - Aug 13, 2025		-19.34%
Sep 20, 2018 - Apr 12, 2019
#6-15.91%
Nov 27, 2013 - Feb 14, 2014		-18.76%
Feb 19, 2025 - Jun 26, 2025
#7-9.62%
Dec 13, 2023 - Oct 18, 2024		-13.02%
Jul 20, 2015 - Apr 18, 2016
#8-8.40%
Jun 3, 2020 - Aug 11, 2020		-10.10%
Jan 26, 2018 - Aug 6, 2018
#9-7.70%
Dec 10, 2015 - Feb 25, 2016		-9.44%
Sep 2, 2020 - Nov 11, 2020
#10-6.67%
Aug 11, 2020 - Nov 23, 2020		-9.30%
Jan 19, 2000 - Mar 17, 2000
#11-5.82%
Mar 16, 2017 - Jun 27, 2017		-9.05%
Jul 19, 2007 - Oct 5, 2007
#12-4.48%
Sep 7, 2016 - Dec 27, 2016		-8.88%
Jan 27, 2026 - Apr 14, 2026
#13-3.86%
Oct 18, 2024 - Oct 28, 2024		-8.41%
Jul 16, 2024 - Sep 19, 2024
#14-3.86%
Feb 23, 2021 - Mar 16, 2021		-7.35%
Sep 14, 2012 - Jan 2, 2013
#15-3.61%
Dec 21, 2020 - Jan 13, 2021		-7.27%
Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between MHNC and SPY is 0.85 which considered as a strong positive correlation - the stocks tend to move together.

0.85
-101

Dividend Comparison (1999 - 2026)

MHNC vs SPY dividend yield comparison.

YearMHNCSPY
20267.82%0.24%
202512.26%1.07%
202410.83%1.21%
202310.18%1.40%
202210.35%1.65%
20218.43%1.20%
20208.97%1.52%
20198.59%1.75%
20186.15%2.04%
20177.93%1.80%
20167.18%2.03%
20157.19%2.06%
20147.42%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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