ONB vs SPY
Comparison between Old National Bancorp (ONB, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed ONB, delivering a return of +14.0% compared to +7.2%
ONB vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Market Cap / Net Assets
ONB
$9.06B
Winner
SPY
$735B
Expense Ratio
ONB
N/A
SPY
0.09%
Max Drawdown
ONB
69.60%
Winner
SPY
56.47%
Sharpe Ratio
ONB
0.30
Winner
SPY
1.88
5Y Beta
ONB
1.20
Winner
SPY
1.00
Industry
ONB
Banks - Regional
SPY
N/A
P/E Ratio
Winner
ONB
12.03
SPY
28.46
Forward P/E
Winner
ONB
9.28
SPY
21.99
PEG Ratio
ONB
0.76
SPY
N/A
Dividend Yield
ONB
2.34%
SPY
N/A
5Y Dividends CAGR
ONB
4.86%
Winner
SPY
5.43%
5Y EPS CAGR
ONB
3.09%
Winner
SPY
25.20%
Debt to Equity
Winner
ONB
0.00%
SPY
33.33%
Free Cash Flow Yield
ONB
8.04%
SPY
N/A
P/S Ratio
Winner
ONB
3.61
SPY
3.65
P/B Ratio
Winner
ONB
1.13
SPY
5.50
ONB vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
ONB
+1.24%
Winner
SPY
+7.73%
3M
ONB
-3.59%
Winner
SPY
+10.05%
6M
Winner
ONB
+15.76%
SPY
+11.98%
1Y
ONB
+7.86%
Winner
SPY
+28.79%
5Y(CAGR)
ONB
+7.20%
Winner
SPY
+13.98%
10Y(CAGR)
ONB
+10.23%
Winner
SPY
+15.71%
Max(CAGR)
ONB
+3.25%
Winner
SPY
+8.55%
ONB vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | ONB | SPY |
|---|---|---|
| 2026 | +5.91% | +9.82% |
| 2025 | +8.10% | +18.00% |
| 2024 | +31.47% | +25.59% |
| 2023 | -1.81% | +26.72% |
| 2022 | +1.09% | -18.64% |
| 2021 | +12.90% | +30.52% |
| 2020 | -6.17% | +17.28% |
| 2019 | +21.31% | +31.09% |
| 2018 | -8.97% | -5.24% |
| 2017 | -0.64% | +20.78% |
| 2016 | +43.49% | +13.59% |
| 2015 | -4.11% | +1.31% |
| 2014 | +1.26% | +14.56% |
| 2013 | +24.73% | +29.00% |
| 2012 | +3.70% | +14.17% |
| 2011 | -1.52% | +0.85% |
| 2010 | -0.75% | +13.14% |
| 2009 | -28.76% | +22.67% |
| 2008 | +33.48% | -36.25% |
| 2007 | -17.41% | +5.32% |
| 2006 | -9.14% | +13.85% |
| 2005 | -8.16% | +5.32% |
| 2004 | +21.28% | +10.75% |
| 2003 | -0.51% | +24.18% |
| 2002 | +3.12% | -22.42% |
| 2001 | -8.04% | -10.13% |
| 2000 | -6.10% | -8.84% |
| 1999 | +9.47% | +8.61% |
ONB vs SPY Drawdown Comparison
The maximum drawdown for ONB was -60.84%, occurring on Mar 9, 2009. Recovery took 2072 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current ONB drawdown is -7.72%.
| Rank | ONB | SPY |
|---|---|---|
| #1 | -60.84% Sep 18, 2008 - Dec 9, 2016 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -41.41% Dec 1, 2004 - Sep 18, 2008 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -40.76% Sep 10, 2018 - Mar 5, 2021 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -38.43% Mar 12, 2021 - Jul 16, 2024 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -36.52% Apr 18, 2000 - Nov 29, 2004 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -29.70% Dec 6, 1999 - Apr 13, 2000 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -26.12% Feb 6, 2025 - Jan 21, 2026 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -17.72% Feb 6, 2026 - Mar 18, 2026 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -16.39% Mar 1, 2017 - Oct 20, 2017 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -12.46% Jul 26, 2024 - Nov 6, 2024 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -10.77% Dec 5, 2024 - Jan 21, 2025 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -10.42% Oct 25, 2017 - Jun 5, 2018 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -6.60% Nov 11, 2024 - Nov 25, 2024 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -6.54% Dec 27, 2016 - Feb 14, 2017 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -5.50% Apr 13, 2000 - Apr 18, 2000 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between ONB and SPY is 0.91 which considered as a very strong positive correlation - the stocks move almost identically together.
0.91
-101
Dividend Comparison (1999 - 2026)
ONB vs SPY dividend yield comparison.
| Year | ONB | SPY |
|---|---|---|
| 2026 | 1.23% | 0.24% |
| 2025 | 2.51% | 1.07% |
| 2024 | 2.58% | 1.21% |
| 2023 | 3.32% | 1.40% |
| 2022 | 3.11% | 1.65% |
| 2021 | 3.09% | 1.20% |
| 2020 | 3.38% | 1.52% |
| 2019 | 2.84% | 1.75% |
| 2018 | 3.38% | 2.04% |
| 2017 | 2.98% | 1.80% |
| 2016 | 2.87% | 2.03% |
| 2015 | 3.54% | 2.06% |
| 2014 | 2.96% | 1.87% |
| 2013 | 2.60% | 1.81% |
| 2012 | 3.03% | 2.18% |
| 2011 | 2.40% | 2.05% |
| 2010 | 2.35% | 1.80% |
| 2009 | 3.54% | 1.95% |
| 2008 | 5.07% | 3.02% |
| 2007 | 5.88% | 1.85% |
| 2006 | 4.44% | 1.73% |
| 2005 | 3.51% | 1.73% |
| 2004 | 2.94% | 1.82% |
| 2003 | 3.33% | 1.47% |
| 2002 | 3.57% | 1.70% |
| 2001 | 2.69% | 1.25% |
| 2000 | 1.78% | 1.15% |
| 1999 | 0.39% | 0.24% |
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