NET vs SPY
Comparison between Cloudflare Inc - Class A (NET, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceNET has outperformed SPY, delivering a return of +16.7% compared to +13.2%
NET vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Market Cap / Net Assets
NET
$79B
Winner
SPY
$784B
Expense Ratio
NET
N/A
SPY
0.09%
Max Drawdown
NET
82.58%
Winner
SPY
56.47%
Sharpe Ratio
NET
0.62
Winner
SPY
1.54
5Y Beta
NET
1.58
Winner
SPY
1.00
Industry
NET
Software - Infrastructure
SPY
N/A
P/E Ratio
Winner
NET
-689.18
SPY
27.62
Forward P/E
NET
181.82
Winner
SPY
21.11
PEG Ratio
NET
-29.98
SPY
N/A
5Y Dividends CAGR
NET
N/A
SPY
6.00%
5Y EPS CAGR
NET
N/A
SPY
25.30%
Debt to Equity
NET
84.64%
Winner
SPY
31.11%
Free Cash Flow Yield
NET
0.41%
SPY
N/A
P/S Ratio
NET
34.15
Winner
SPY
3.49
P/B Ratio
NET
52.09
Winner
SPY
5.30
NET vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
Winner
NET
+4.06%
SPY
-1.37%
3M
NET
+1.94%
Winner
SPY
+12.22%
6M
Winner
NET
+11.31%
SPY
+7.20%
1Y
NET
+22.34%
Winner
SPY
+23.58%
5Y(CAGR)
Winner
NET
+16.74%
SPY
+13.19%
10Y(CAGR)
NET
N/A
SPY
+15.12%
Max(CAGR)
Winner
NET
+45.16%
SPY
+8.44%
NET vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | NET | SPY |
|---|---|---|
| 2026 | +14.75% | +7.95% |
| 2025 | +75.18% | +18.00% |
| 2024 | +35.70% | +25.59% |
| 2023 | +93.54% | +26.72% |
| 2022 | -64.16% | -18.64% |
| 2021 | +76.30% | +30.52% |
| 2020 | +346.21% | +17.28% |
| 2019 | -5.22% | +31.09% |
| 2018 | N/A | -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% |
NET vs SPY Drawdown Comparison
The maximum drawdown for NET was -82.58%, occurring on Nov 9, 2022. Recovery took 952 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current NET drawdown is -17.50%. The current SPY drawdown is -3.18%.
| Rank | NET | SPY |
|---|---|---|
| #1 | -82.58% Nov 18, 2021 - Sep 8, 2025 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -36.76% Oct 31, 2025 - May 7, 2026 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -33.91% Feb 9, 2021 - Jun 10, 2021 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -31.82% Mar 5, 2020 - Mar 30, 2020 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -30.25% Sep 23, 2019 - Feb 21, 2020 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -27.26% May 7, 2026 - Jun 1, 2026 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -22.51% Aug 3, 2020 - Oct 5, 2020 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -19.91% Jun 2, 2026 - Jun 22, 2026 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -17.98% Sep 22, 2021 - Oct 8, 2021 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -15.50% Oct 14, 2020 - Nov 6, 2020 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -15.35% Dec 22, 2020 - Feb 8, 2021 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -12.76% Apr 20, 2020 - May 7, 2020 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -12.43% Jul 10, 2020 - Jul 30, 2020 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -12.19% Apr 1, 2020 - Apr 16, 2020 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -11.04% May 7, 2020 - Jun 1, 2020 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between NET and SPY is 0.86 which considered as a strong positive correlation - the stocks tend to move together.
0.86
-101
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