NLY vs SPY
Comparison between Annaly Capital Management Inc (NLY, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed NLY, delivering a return of +13.3% compared to +3.7%
NLY vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Market Cap / Net Assets
NLY
$16B
Winner
SPY
$652B
Expense Ratio
NLY
N/A
SPY
0.09%
Max Drawdown
NLY
82.59%
Winner
SPY
56.47%
Sharpe Ratio
NLY
1.50
Winner
SPY
2.07
5Y Beta
Winner
NLY
0.68
SPY
1.00
Industry
NLY
Reit - Mortgage
SPY
N/A
P/E Ratio
Winner
NLY
7.20
SPY
28.24
Forward P/E
Winner
NLY
6.95
SPY
21.85
PEG Ratio
NLY
0.04
SPY
N/A
Dividend Yield
NLY
12.50%
SPY
N/A
5Y Dividends CAGR
NLY
-0.11%
Winner
SPY
5.43%
5Y EPS CAGR
NLY
-24.59%
Winner
SPY
25.79%
Debt to Equity
Winner
NLY
0.00%
SPY
22.35%
Free Cash Flow Yield
NLY
-3.36%
SPY
N/A
P/S Ratio
NLY
6.60
Winner
SPY
3.55
P/B Ratio
Winner
NLY
1.13
SPY
5.29
NLY vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
NLY
+3.72%
Winner
SPY
+9.11%
3M
NLY
+3.22%
Winner
SPY
+6.59%
6M
NLY
+10.00%
Winner
SPY
+10.56%
1Y
Winner
NLY
+34.08%
SPY
+32.04%
5Y(CAGR)
NLY
+3.71%
Winner
SPY
+13.35%
10Y(CAGR)
NLY
+5.95%
Winner
SPY
+15.49%
Max(CAGR)
Winner
NLY
+10.59%
SPY
+8.50%
NLY vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | NLY | SPY |
|---|---|---|
| 2026 | +2.00% | +8.27% |
| 2025 | +39.28% | +18.00% |
| 2024 | +8.55% | +25.59% |
| 2023 | +3.12% | +26.72% |
| 2022 | -23.35% | -18.64% |
| 2021 | +5.25% | +30.52% |
| 2020 | +1.78% | +17.28% |
| 2019 | +6.42% | +31.09% |
| 2018 | -5.54% | -5.24% |
| 2017 | +30.36% | +20.78% |
| 2016 | +17.26% | +13.59% |
| 2015 | -4.11% | +1.31% |
| 2014 | +20.19% | +14.56% |
| 2013 | -21.58% | +29.00% |
| 2012 | -0.76% | +14.17% |
| 2011 | +2.75% | +0.85% |
| 2010 | +19.44% | +13.14% |
| 2009 | +32.29% | +22.67% |
| 2008 | -0.01% | -36.25% |
| 2007 | +38.44% | +5.32% |
| 2006 | +28.16% | +13.85% |
| 2005 | -39.93% | +5.32% |
| 2004 | +16.99% | +10.75% |
| 2003 | +8.73% | +24.18% |
| 2002 | +38.33% | -22.42% |
| 2001 | +107.18% | -10.13% |
| 2000 | +22.86% | -8.84% |
| 1999 | +1.20% | +8.61% |
NLY vs SPY Drawdown Comparison
The maximum drawdown for NLY was -60.03%, occurring on Apr 3, 2020. Recovery took 300 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current NLY drawdown is -4.27%.
| Rank | NLY | SPY |
|---|---|---|
| #1 | -60.03% Feb 20, 2020 - Apr 29, 2021 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -51.91% Jun 9, 2021 - Sep 4, 2025 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -43.38% Jun 17, 2005 - Nov 8, 2007 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -41.00% Feb 7, 2008 - Aug 3, 2009 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -36.29% Sep 12, 2012 - Aug 9, 2016 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -24.54% Jul 16, 2003 - Feb 13, 2004 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -21.67% Mar 23, 2004 - Nov 24, 2004 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -21.03% Jun 21, 2002 - Dec 23, 2002 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -19.51% Nov 9, 1999 - Apr 3, 2000 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -19.46% Oct 5, 2017 - Jan 16, 2020 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -15.40% Jan 6, 2003 - Apr 22, 2003 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -14.94% Aug 17, 2001 - Dec 14, 2001 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -14.88% Jan 16, 2026 - Mar 27, 2026 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -14.85% Mar 19, 2010 - Jun 25, 2010 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -14.05% Sep 22, 2000 - Dec 22, 2000 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between NLY and SPY is 0.81 which considered as a strong positive correlation - the stocks tend to move together.
0.81
-101
Dividend Comparison (1999 - 2026)
NLY vs SPY dividend yield comparison.
| Year | NLY | SPY |
|---|---|---|
| 2026 | 3.10% | 0.24% |
| 2025 | 12.52% | 1.07% |
| 2024 | 14.21% | 1.21% |
| 2023 | 13.42% | 1.40% |
| 2022 | 16.70% | 1.65% |
| 2021 | 11.25% | 1.20% |
| 2020 | 10.77% | 1.52% |
| 2019 | 11.15% | 1.75% |
| 2018 | 12.22% | 2.04% |
| 2017 | 10.09% | 1.80% |
| 2016 | 12.04% | 2.03% |
| 2015 | 12.79% | 2.06% |
| 2014 | 11.10% | 1.87% |
| 2013 | 15.05% | 1.81% |
| 2012 | 14.60% | 2.18% |
| 2011 | 15.29% | 2.05% |
| 2010 | 14.79% | 1.80% |
| 2009 | 14.64% | 1.95% |
| 2008 | 13.11% | 3.02% |
| 2007 | 5.72% | 1.85% |
| 2006 | 4.10% | 1.73% |
| 2005 | 9.51% | 1.73% |
| 2004 | 10.09% | 1.82% |
| 2003 | 10.60% | 1.47% |
| 2002 | 14.20% | 1.70% |
| 2001 | 10.94% | 1.25% |
| 2000 | 12.69% | 1.15% |
| 1999 | 4.00% | 0.24% |
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