MMYT vs SPY
Comparison between MakeMyTrip Ltd (MMYT, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed MMYT, delivering a return of +13.9% compared to +10.7%
MMYT vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Market Cap / Net Assets
MMYT
$4.49B
Winner
SPY
$735B
Expense Ratio
MMYT
N/A
SPY
0.09%
Max Drawdown
MMYT
73.45%
Winner
SPY
56.47%
Sharpe Ratio
MMYT
-1.68
Winner
SPY
1.67
5Y Beta
MMYT
1.32
Winner
SPY
1.00
Industry
MMYT
Travel Services
SPY
N/A
P/E Ratio
MMYT
91.60
Winner
SPY
28.81
Forward P/E
MMYT
96.15
Winner
SPY
22.07
5Y Dividends CAGR
MMYT
N/A
SPY
5.43%
5Y EPS CAGR
MMYT
N/A
SPY
25.84%
Debt to Equity
Winner
MMYT
-2075.16%
SPY
34.16%
Free Cash Flow Yield
MMYT
0.06%
SPY
N/A
P/S Ratio
MMYT
N/A
SPY
3.69
P/B Ratio
MMYT
N/A
SPY
5.54
MMYT vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
MMYT
-10.38%
Winner
SPY
+5.49%
3M
MMYT
-23.21%
Winner
SPY
+8.03%
6M
MMYT
-42.10%
Winner
SPY
+13.34%
1Y
MMYT
-57.27%
Winner
SPY
+28.89%
5Y(CAGR)
MMYT
+10.69%
Winner
SPY
+13.90%
10Y(CAGR)
MMYT
+9.91%
Winner
SPY
+15.59%
Max(CAGR)
MMYT
+3.13%
Winner
SPY
+8.51%
MMYT vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | MMYT | SPY |
|---|---|---|
| 2026 | -47.49% | +9.02% |
| 2025 | -29.35% | +18.00% |
| 2024 | +144.51% | +25.59% |
| 2023 | +71.65% | +26.72% |
| 2022 | -5.16% | -18.64% |
| 2021 | -1.42% | +30.52% |
| 2020 | +25.45% | +17.28% |
| 2019 | -4.34% | +31.09% |
| 2018 | -21.89% | -5.24% |
| 2017 | +30.92% | +20.78% |
| 2016 | +32.62% | +13.59% |
| 2015 | -36.87% | +1.31% |
| 2014 | +31.13% | +14.56% |
| 2013 | +46.02% | +29.00% |
| 2012 | -48.87% | +14.17% |
| 2011 | -11.49% | +0.85% |
| 2010 | +2.19% | +13.14% |
| 2009 | N/A | +22.67% |
| 2008 | N/A | -36.25% |
| 2007 | N/A | +5.32% |
| 2006 | N/A | +13.85% |
| 2005 | N/A | +5.32% |
| 2004 | N/A | +10.75% |
| 2003 | N/A | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
MMYT vs SPY Drawdown Comparison
The maximum drawdown for MMYT was -73.45%, occurring on Mar 18, 2020. Recovery took 1342 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current MMYT drawdown is -64.30%. The current SPY drawdown is -0.73%.
| Rank | MMYT | SPY |
|---|---|---|
| #1 | -73.45% Jun 11, 2018 - Oct 10, 2023 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -69.87% Dec 6, 2024 - Mar 27, 2026 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -69.66% Sep 16, 2010 - Jun 11, 2018 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -21.16% Sep 23, 2024 - Nov 6, 2024 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -19.84% Apr 5, 2024 - May 14, 2024 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -17.92% May 20, 2024 - Jul 9, 2024 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -14.46% Aug 18, 2010 - Aug 26, 2010 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -14.03% Nov 6, 2024 - Nov 26, 2024 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -13.40% Jul 23, 2024 - Aug 19, 2024 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -13.27% Oct 11, 2023 - Nov 15, 2023 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -11.38% Aug 23, 2024 - Sep 12, 2024 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -8.81% Jul 15, 2024 - Jul 23, 2024 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -7.96% Aug 27, 2010 - Sep 9, 2010 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -6.73% Aug 12, 2010 - Aug 17, 2010 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -5.81% Feb 16, 2024 - Feb 29, 2024 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between MMYT and SPY is 0.75 which considered as a strong positive correlation - the stocks tend to move together.
0.75
-101
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