NNI vs SPY
Comparison between Nelnet Inc - Class A (NNI, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed NNI, delivering a return of +13.8% compared to +12.4%
NNI vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
NNI vs SPY - Historical Returns
Returns include dividend reinvestment.
NNI vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | NNI | SPY |
|---|---|---|
| 2026 | -0.24% | +8.80% |
| 2025 | +27.01% | +18.00% |
| 2024 | +22.85% | +25.59% |
| 2023 | -0.75% | +26.72% |
| 2022 | -5.64% | -18.64% |
| 2021 | +42.49% | +30.52% |
| 2020 | +23.22% | +17.28% |
| 2019 | +10.71% | +31.09% |
| 2018 | -3.17% | -5.24% |
| 2017 | +7.62% | +20.78% |
| 2016 | +55.47% | +13.59% |
| 2015 | -26.03% | +1.31% |
| 2014 | +14.26% | +14.56% |
| 2013 | +40.86% | +29.00% |
| 2012 | +27.05% | +14.17% |
| 2011 | +3.78% | +0.85% |
| 2010 | +38.45% | +13.14% |
| 2009 | +25.92% | +22.67% |
| 2008 | +19.46% | -36.25% |
| 2007 | -52.21% | +5.32% |
| 2006 | -32.64% | +13.85% |
| 2005 | +52.70% | +5.32% |
| 2004 | +22.41% | +10.75% |
| 2003 | +3.46% | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
NNI vs SPY Drawdown Comparison
The maximum drawdown for NNI was -89.95%, occurring on Mar 2, 2009. Recovery took 1845 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current NNI drawdown is -11.01%. The current SPY drawdown is -0.92%.
| Rank | NNI | SPY |
|---|---|---|
| #1 | -89.95% Jan 20, 2006 - May 21, 2013 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -44.04% Sep 17, 2019 - Nov 10, 2020 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -40.12% Mar 24, 2015 - Nov 14, 2016 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -34.06% Apr 2, 2004 - Dec 10, 2004 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -28.53% Dec 8, 2016 - Oct 19, 2017 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -25.06% Dec 14, 2021 - Nov 16, 2022 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -23.70% Jun 6, 2018 - May 9, 2019 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -21.02% Nov 29, 2013 - Aug 11, 2014 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -18.68% May 23, 2005 - Oct 3, 2005 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -18.54% Nov 6, 2024 - Jul 9, 2025 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -17.92% Jun 15, 2023 - May 10, 2024 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -16.64% Oct 20, 2017 - May 9, 2018 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -15.27% Apr 28, 2026 - May 12, 2026 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -11.37% May 15, 2024 - Jul 16, 2024 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -10.71% Mar 8, 2005 - May 5, 2005 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between NNI and SPY is 0.98 which considered as a very strong positive correlation - the stocks move almost identically together.
Dividend Comparison (1999 - 2026)
NNI vs SPY dividend yield comparison.
| Year | NNI | SPY |
|---|---|---|
| 2026 | 0.26% | 0.24% |
| 2025 | 0.90% | 1.07% |
| 2024 | 1.05% | 1.21% |
| 2023 | 1.20% | 1.40% |
| 2022 | 1.08% | 1.65% |
| 2021 | 0.92% | 1.20% |
| 2020 | 1.15% | 1.52% |
| 2019 | 1.27% | 1.75% |
| 2018 | 1.26% | 2.04% |
| 2017 | 1.06% | 1.80% |
| 2016 | 0.99% | 2.03% |
| 2015 | 1.25% | 2.06% |
| 2014 | 0.86% | 1.87% |
| 2013 | 0.95% | 1.81% |
| 2012 | 4.70% | 2.18% |
| 2011 | 1.51% | 2.05% |
| 2010 | 2.95% | 1.80% |
| 2009 | 0.41% | 1.95% |
| 2008 | 0.49% | 3.02% |
| 2007 | 2.20% | 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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