NWE vs SPY
Comparison between NorthWestern Energy Group Inc (NWE, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed NWE, delivering a return of +13.9% compared to +7.4%
NWE vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
NWE vs SPY - Historical Returns
Returns include dividend reinvestment.
NWE vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | NWE | SPY |
|---|---|---|
| 2026 | +11.96% | +9.02% |
| 2025 | +27.51% | +18.00% |
| 2024 | +9.92% | +25.59% |
| 2023 | -10.81% | +26.72% |
| 2022 | +9.14% | -18.64% |
| 2021 | +4.13% | +30.52% |
| 2020 | -13.60% | +17.28% |
| 2019 | +27.53% | +31.09% |
| 2018 | +5.96% | -5.24% |
| 2017 | +9.11% | +20.78% |
| 2016 | +10.49% | +13.59% |
| 2015 | -1.09% | +1.31% |
| 2014 | +36.56% | +14.56% |
| 2013 | +25.68% | +29.00% |
| 2012 | +1.19% | +14.17% |
| 2011 | +27.61% | +0.85% |
| 2010 | +14.83% | +13.14% |
| 2009 | +17.57% | +22.67% |
| 2008 | -14.65% | -36.25% |
| 2007 | +0.10% | +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% |
NWE vs SPY Drawdown Comparison
The maximum drawdown for NWE was -39.28%, occurring on Oct 27, 2008. Recovery took 493 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current NWE drawdown is -2.14%. The current SPY drawdown is -0.73%.
| Rank | NWE | SPY |
|---|---|---|
| #1 | -39.28% Dec 31, 2007 - Dec 14, 2009 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -39.27% Feb 19, 2020 - Oct 24, 2025 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -21.00% Nov 30, 2017 - Nov 12, 2018 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -15.95% Jan 23, 2015 - Feb 3, 2016 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -15.80% May 3, 2010 - Oct 18, 2010 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -13.84% Jul 5, 2016 - May 31, 2017 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -13.44% Jul 21, 2011 - Oct 18, 2011 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -13.20% Jun 30, 2014 - Oct 30, 2014 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -11.15% Dec 28, 2009 - Mar 16, 2010 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -10.66% Oct 29, 2013 - Mar 17, 2014 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -10.64% Sep 26, 2012 - Feb 1, 2013 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -10.51% Apr 4, 2016 - Jun 27, 2016 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -10.44% Sep 25, 2019 - Jan 22, 2020 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -10.11% Mar 4, 2026 - Apr 14, 2026 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -9.98% Dec 13, 2018 - Feb 7, 2019 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between NWE and SPY is 0.86 which considered as a strong positive correlation - the stocks tend to move together.
Dividend Comparison (1999 - 2026)
NWE vs SPY dividend yield comparison.
| Year | NWE | SPY |
|---|---|---|
| 2026 | 0.93% | 0.24% |
| 2025 | 4.09% | 1.07% |
| 2024 | 4.86% | 1.21% |
| 2023 | 5.03% | 1.40% |
| 2022 | 4.25% | 1.65% |
| 2021 | 4.34% | 1.20% |
| 2020 | 4.12% | 1.52% |
| 2019 | 3.21% | 1.75% |
| 2018 | 3.70% | 2.04% |
| 2017 | 3.52% | 1.80% |
| 2016 | 3.52% | 2.03% |
| 2015 | 3.54% | 2.06% |
| 2014 | 2.83% | 1.87% |
| 2013 | 3.51% | 1.81% |
| 2012 | 4.26% | 2.18% |
| 2011 | 4.02% | 2.05% |
| 2010 | 4.72% | 1.80% |
| 2009 | 5.15% | 1.95% |
| 2008 | 5.62% | 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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