NU vs SPY
Comparison between Nu Holdings Ltd Class A (NU, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).
NU vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Market Cap / Net Assets
NU
$71B
Winner
SPY
$652B
Expense Ratio
NU
N/A
SPY
0.09%
Max Drawdown
NU
72.07%
Winner
SPY
56.47%
Sharpe Ratio
NU
0.38
Winner
SPY
2.07
5Y Beta
NU
1.34
Winner
SPY
1.00
Industry
NU
Banks - Regional
SPY
N/A
P/E Ratio
Winner
NU
24.74
SPY
28.24
Forward P/E
Winner
NU
19.68
SPY
21.85
PEG Ratio
NU
0.55
SPY
N/A
5Y Dividends CAGR
NU
N/A
SPY
5.43%
5Y EPS CAGR
NU
N/A
SPY
25.79%
Debt to Equity
NU
46.15%
Winner
SPY
22.35%
Free Cash Flow Yield
NU
4.15%
SPY
N/A
P/S Ratio
NU
10.07
Winner
SPY
3.55
P/B Ratio
NU
6.10
Winner
SPY
5.29
NU vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
NU
-4.89%
Winner
SPY
+9.11%
3M
NU
-21.37%
Winner
SPY
+6.59%
6M
NU
-13.04%
Winner
SPY
+10.56%
1Y
NU
+7.81%
Winner
SPY
+32.04%
5Y(CAGR)
NU
+6.79%
Winner
SPY
+13.35%
10Y(CAGR)
NU
N/A
SPY
+15.49%
Max(CAGR)
NU
+6.79%
Winner
SPY
+8.50%
NU vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | NU | SPY |
|---|---|---|
| 2026 | -18.92% | +8.27% |
| 2025 | +57.48% | +18.00% |
| 2024 | +27.43% | +25.59% |
| 2023 | +133.99% | +26.72% |
| 2022 | -59.22% | -18.64% |
| 2021 | -9.20% | +30.52% |
| 2020 | N/A | +17.28% |
| 2019 | N/A | +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% |
NU vs SPY Drawdown Comparison
The maximum drawdown for NU was -72.07%, occurring on Jun 16, 2022. Recovery took 570 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current NU drawdown is -26.44%.
| Rank | NU | SPY |
|---|---|---|
| #1 | -72.07% Dec 10, 2021 - Mar 20, 2024 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -39.58% Nov 11, 2024 - Sep 15, 2025 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -27.99% Jan 28, 2026 - Mar 30, 2026 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -21.13% Jul 16, 2024 - Aug 15, 2024 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -14.45% Mar 22, 2024 - Jun 25, 2024 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -13.47% Sep 17, 2024 - Oct 28, 2024 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -10.14% Dec 4, 2025 - Jan 5, 2026 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -9.63% Sep 22, 2025 - Nov 11, 2025 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -8.84% Oct 30, 2024 - Nov 11, 2024 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -8.48% Aug 30, 2024 - Sep 17, 2024 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -7.69% Jan 5, 2026 - Jan 22, 2026 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -6.53% Nov 11, 2025 - Nov 25, 2025 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -4.41% Jun 27, 2024 - Jul 9, 2024 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -3.20% Aug 27, 2024 - Aug 30, 2024 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -1.66% Aug 19, 2024 - Aug 26, 2024 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between NU and SPY is 0.94 which considered as a very strong positive correlation - the stocks move almost identically together.
0.94
-101
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