NDAQ vs SPY
Comparison between Nasdaq Inc - 144A (NDAQ, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed NDAQ, delivering a return of +13.3% compared to +11.6%
NDAQ vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
NDAQ vs SPY - Historical Returns
Returns include dividend reinvestment.
NDAQ vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | NDAQ | SPY |
|---|---|---|
| 2026 | -7.73% | +8.27% |
| 2025 | +26.99% | +18.00% |
| 2024 | +37.79% | +25.59% |
| 2023 | -4.32% | +26.72% |
| 2022 | -7.87% | -18.64% |
| 2021 | +61.01% | +30.52% |
| 2020 | +25.28% | +17.28% |
| 2019 | +34.81% | +31.09% |
| 2018 | +8.33% | -5.24% |
| 2017 | +17.53% | +20.78% |
| 2016 | +20.88% | +13.59% |
| 2015 | +23.66% | +1.31% |
| 2014 | +24.09% | +14.56% |
| 2013 | +56.95% | +29.00% |
| 2012 | +1.82% | +14.17% |
| 2011 | +1.66% | +0.85% |
| 2010 | +17.24% | +13.14% |
| 2009 | -24.15% | +22.67% |
| 2008 | -48.77% | -36.25% |
| 2007 | +59.59% | +5.32% |
| 2006 | -15.09% | +13.85% |
| 2005 | +246.61% | +5.32% |
| 2004 | +10.27% | +10.75% |
| 2003 | -7.81% | +24.18% |
| 2002 | -33.33% | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
NDAQ vs SPY Drawdown Comparison
The maximum drawdown for NDAQ was -68.48%, occurring on Nov 20, 2008. Recovery took 1758 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current NDAQ drawdown is -11.68%.
| Rank | NDAQ | SPY |
|---|---|---|
| #1 | -68.48% Dec 26, 2007 - Dec 18, 2014 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -66.13% Jul 9, 2002 - May 6, 2005 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -48.01% Jan 30, 2006 - Nov 2, 2007 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -38.28% Feb 4, 2020 - May 29, 2020 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -32.84% Nov 5, 2021 - Jul 30, 2024 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -21.76% Jan 16, 2026 - Feb 12, 2026 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -21.28% Nov 25, 2005 - Jan 30, 2006 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -20.47% Feb 6, 2025 - May 30, 2025 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -19.88% Sep 4, 2018 - Jun 5, 2019 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -16.78% Nov 6, 2007 - Dec 24, 2007 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -12.44% Sep 2, 2020 - Jan 7, 2021 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -11.63% Aug 11, 2025 - Dec 22, 2025 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -10.96% Sep 2, 2016 - Feb 15, 2017 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -10.87% Oct 11, 2005 - Oct 27, 2005 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -10.07% Aug 18, 2015 - Oct 12, 2015 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between NDAQ and SPY is 0.99 which considered as a very strong positive correlation - the stocks move almost identically together.
Dividend Comparison (1999 - 2026)
NDAQ vs SPY dividend yield comparison.
| Year | NDAQ | SPY |
|---|---|---|
| 2026 | 0.30% | 0.24% |
| 2025 | 1.08% | 1.07% |
| 2024 | 1.22% | 1.21% |
| 2023 | 1.48% | 1.40% |
| 2022 | 1.27% | 1.65% |
| 2021 | 1.00% | 1.20% |
| 2020 | 1.46% | 1.52% |
| 2019 | 1.73% | 1.75% |
| 2018 | 2.08% | 2.04% |
| 2017 | 1.90% | 1.80% |
| 2016 | 1.80% | 2.03% |
| 2015 | 1.55% | 2.06% |
| 2014 | 1.21% | 1.87% |
| 2013 | 1.31% | 1.81% |
| 2012 | 1.56% | 2.18% |
| 2011 | 0.00% | 2.05% |
| 2010 | 0.00% | 1.80% |
| 2009 | 0.00% | 1.95% |
| 2008 | 0.00% | 3.02% |
| 2007 | 0.00% | 1.85% |
| 2006 | 0.00% | 1.73% |
| 2005 | 0.00% | 1.73% |
| 2004 | 0.00% | 1.82% |
| 2003 | 0.00% | 1.47% |
| 2002 | 0.00% | 1.70% |
| 2001 | 0.00% | 1.25% |
| 2000 | 0.00% | 1.15% |
| 1999 | 0.00% | 0.24% |
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