MRNA vs SPY
Comparison between Moderna Inc (MRNA, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed MRNA, delivering a return of +13.3% compared to -19.7%
MRNA vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Market Cap / Net Assets
MRNA
$19B
Winner
SPY
$652B
Expense Ratio
MRNA
N/A
SPY
0.09%
Max Drawdown
MRNA
95.38%
Winner
SPY
56.47%
Sharpe Ratio
MRNA
1.52
Winner
SPY
2.07
5Y Beta
MRNA
1.35
Winner
SPY
1.00
Industry
MRNA
Biotechnology
SPY
N/A
P/E Ratio
Winner
MRNA
-6.01
SPY
28.24
Forward P/E
MRNA
23.04
Winner
SPY
21.85
PEG Ratio
MRNA
0.00
SPY
N/A
5Y Dividends CAGR
MRNA
N/A
SPY
5.43%
5Y EPS CAGR
MRNA
N/A
SPY
25.79%
Debt to Equity
Winner
MRNA
7.96%
SPY
22.35%
Free Cash Flow Yield
MRNA
-8.28%
SPY
N/A
P/S Ratio
MRNA
8.70
Winner
SPY
3.55
P/B Ratio
Winner
MRNA
2.53
SPY
5.29
MRNA vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
MRNA
+4.32%
Winner
SPY
+9.11%
3M
Winner
MRNA
+29.56%
SPY
+6.59%
6M
Winner
MRNA
+121.48%
SPY
+10.56%
1Y
Winner
MRNA
+122.93%
SPY
+32.04%
5Y(CAGR)
MRNA
-19.73%
Winner
SPY
+13.35%
10Y(CAGR)
MRNA
N/A
SPY
+15.49%
Max(CAGR)
Winner
MRNA
+15.55%
SPY
+8.50%
MRNA vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | MRNA | SPY |
|---|---|---|
| 2026 | +76.12% | +8.27% |
| 2025 | -29.79% | +18.00% |
| 2024 | -63.04% | +25.59% |
| 2023 | -44.44% | +26.72% |
| 2022 | -23.58% | -18.64% |
| 2021 | +127.32% | +30.52% |
| 2020 | +443.27% | +17.28% |
| 2019 | +27.59% | +31.09% |
| 2018 | -17.90% | -5.24% |
| 2017 | N/A | +20.78% |
| 2016 | N/A | +13.59% |
| 2015 | N/A | +1.31% |
| 2014 | N/A | +14.56% |
| 2013 | N/A | +29.00% |
| 2012 | N/A | +14.17% |
| 2011 | N/A | +0.85% |
| 2010 | N/A | +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% |
MRNA vs SPY Drawdown Comparison
The maximum drawdown for MRNA was -95.38%, occurring on Nov 20, 2025. This drawdown has not yet recovered.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current MRNA drawdown is -88.78%.
| Rank | MRNA | SPY |
|---|---|---|
| #1 | -95.38% Aug 9, 2021 - Nov 20, 2025 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -56.74% May 2, 2019 - Feb 26, 2020 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -42.71% Jul 17, 2020 - Nov 16, 2020 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -38.50% Dec 8, 2020 - Jan 29, 2021 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -36.29% Feb 8, 2021 - May 3, 2021 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -34.77% May 18, 2020 - Jul 15, 2020 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -28.71% Mar 2, 2020 - Mar 18, 2020 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -28.09% Dec 10, 2018 - Feb 14, 2019 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -19.83% Feb 26, 2019 - Apr 5, 2019 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -19.43% May 3, 2021 - Jun 2, 2021 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -18.24% Mar 18, 2020 - Apr 2, 2020 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -17.33% Apr 8, 2019 - May 2, 2019 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -11.08% Feb 26, 2020 - Mar 2, 2020 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -11.03% Apr 20, 2020 - May 7, 2020 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -9.90% Jun 7, 2021 - Jun 22, 2021 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between MRNA and SPY is -0.07 which considered as a very weak or no correlation - the stocks move independently of each other.
-0.07
-101
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