MKL vs SPY
Comparison between Markel Group Inc (MKL, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed MKL, delivering a return of +13.3% compared to +8.3%
MKL vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Market Cap / Net Assets
MKL
$23B
Winner
SPY
$652B
Expense Ratio
MKL
N/A
SPY
0.09%
Max Drawdown
MKL
61.32%
Winner
SPY
56.47%
Sharpe Ratio
MKL
-0.27
Winner
SPY
2.07
5Y Beta
Winner
MKL
0.60
SPY
1.00
Industry
MKL
Insurance - Property & Casualty
SPY
N/A
P/E Ratio
Winner
MKL
17.13
SPY
28.24
Forward P/E
Winner
MKL
11.81
SPY
21.85
PEG Ratio
MKL
1.73
SPY
N/A
5Y Dividends CAGR
MKL
N/A
SPY
5.43%
5Y EPS CAGR
MKL
-3.83%
Winner
SPY
25.79%
Debt to Equity
MKL
24.17%
Winner
SPY
22.35%
Free Cash Flow Yield
MKL
9.70%
SPY
N/A
P/S Ratio
Winner
MKL
1.40
SPY
3.55
P/B Ratio
Winner
MKL
1.21
SPY
5.29
MKL vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
MKL
-7.05%
Winner
SPY
+9.11%
3M
MKL
-12.61%
Winner
SPY
+6.59%
6M
MKL
-10.93%
Winner
SPY
+10.56%
1Y
MKL
-3.51%
Winner
SPY
+32.04%
5Y(CAGR)
MKL
+8.25%
Winner
SPY
+13.35%
10Y(CAGR)
MKL
+6.68%
Winner
SPY
+15.49%
Max(CAGR)
Winner
MKL
+9.25%
SPY
+8.50%
MKL vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | MKL | SPY |
|---|---|---|
| 2026 | -14.82% | +8.27% |
| 2025 | +25.17% | +18.00% |
| 2024 | +20.17% | +25.59% |
| 2023 | +7.41% | +26.72% |
| 2022 | +7.68% | -18.64% |
| 2021 | +20.86% | +30.52% |
| 2020 | -10.55% | +17.28% |
| 2019 | +11.83% | +31.09% |
| 2018 | -7.01% | -5.24% |
| 2017 | +24.81% | +20.78% |
| 2016 | +4.39% | +13.59% |
| 2015 | +29.70% | +1.31% |
| 2014 | +18.81% | +14.56% |
| 2013 | +32.19% | +29.00% |
| 2012 | +4.73% | +14.17% |
| 2011 | +6.26% | +0.85% |
| 2010 | +11.94% | +13.14% |
| 2009 | +14.90% | +22.67% |
| 2008 | -37.30% | -36.25% |
| 2007 | +2.68% | +5.32% |
| 2006 | +50.27% | +13.85% |
| 2005 | -13.02% | +5.32% |
| 2004 | +42.47% | +10.75% |
| 2003 | +19.58% | +24.18% |
| 2002 | +15.77% | -22.42% |
| 2001 | +2.98% | -10.13% |
| 2000 | +21.56% | -8.84% |
| 1999 | -10.82% | +8.61% |
MKL vs SPY Drawdown Comparison
The maximum drawdown for MKL was -61.32%, occurring on Mar 9, 2009. Recovery took 1437 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current MKL drawdown is -17.21%.
| Rank | MKL | SPY |
|---|---|---|
| #1 | -61.32% Nov 1, 2007 - Jul 19, 2013 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -44.66% Feb 20, 2020 - Mar 14, 2022 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -35.11% Nov 3, 1999 - Dec 27, 2000 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -28.87% Mar 24, 2022 - Aug 10, 2023 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -21.67% Sep 18, 2018 - Feb 5, 2020 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -20.10% Dec 29, 2025 - May 4, 2026 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -19.07% Apr 27, 2001 - Oct 3, 2001 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -18.55% May 6, 2002 - Mar 31, 2003 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -18.51% Feb 6, 2025 - Nov 10, 2025 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -18.41% Oct 5, 2001 - Apr 19, 2002 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -16.37% Mar 14, 2005 - Sep 7, 2006 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -16.05% May 20, 2016 - Feb 23, 2017 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -15.72% Sep 19, 2023 - May 2, 2024 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -13.32% Nov 24, 2015 - May 5, 2016 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -12.72% Aug 18, 2003 - Mar 1, 2004 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between MKL and SPY is 0.96 which considered as a very strong positive correlation - the stocks move almost identically together.
0.96
-101
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