OWL vs SPY

Comparison between Blue Owl Capital Inc - Class A (OWL, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceSPY has outperformed OWL, delivering a return of +13.7% compared to +3.7%

OWL vs SPY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	OWL(COMPANY)	SPY(ETF)
Market Cap / Net Assets	$6.92B	$735B
Expense Ratio	N/A	0.09%
Max Drawdown	69.15%	56.47%
Sharpe Ratio	-1.46	1.76
5Y Beta	1.64	1.00
Industry	Asset Management	N/A
P/E Ratio	87.43	28.46
Forward P/E	10.83	21.99
PEG Ratio	0.17	N/A
Dividend Yield	9.23%	N/A
5Y Dividends CAGR	N/A	5.43%
5Y EPS CAGR	N/A	25.20%
Debt to Equity	150.74%	33.33%
Free Cash Flow Yield	17.30%	N/A
P/S Ratio	5.96	3.65
P/B Ratio	4.50	5.50

Market Cap / Net Assets

OWL

$6.92B

Winner

SPY

$735B

Expense Ratio

OWL

N/A

SPY

0.09%

Max Drawdown

OWL

69.15%

Winner

SPY

56.47%

Sharpe Ratio

OWL

-1.46

Winner

SPY

1.76

5Y Beta

OWL

1.64

Winner

SPY

1.00

Industry

OWL

Asset Management

SPY

N/A

P/E Ratio

OWL

87.43

Winner

SPY

28.46

Forward P/E

Winner

OWL

10.83

SPY

21.99

PEG Ratio

OWL

0.17

SPY

N/A

Dividend Yield

OWL

9.23%

SPY

N/A

5Y Dividends CAGR

OWL

N/A

SPY

5.43%

5Y EPS CAGR

OWL

N/A

SPY

25.20%

Debt to Equity

OWL

150.74%

Winner

SPY

33.33%

Free Cash Flow Yield

OWL

17.30%

SPY

N/A

P/S Ratio

OWL

5.96

Winner

SPY

3.65

P/B Ratio

Winner

OWL

4.50

SPY

5.50

OWL vs SPY - Historical Returns

Returns include dividend reinvestment.

Period	OWL	SPY
1 month	-2.39%	+5.60%
3 months	-19.64%	+8.72%
6 months	-32.39%	+10.63%
1 year	-47.47%	+26.62%
5 years(CAGR)	+3.73%	+13.70%
10 years(CAGR)	N/A	+15.47%
Max(CAGR)	+2.64%	+8.50%

OWL

-2.39%

Winner

SPY

+5.60%

OWL

-19.64%

Winner

SPY

+8.72%

OWL

-32.39%

Winner

SPY

+10.63%

OWL

-47.47%

Winner

SPY

+26.62%

5Y(CAGR)

OWL

+3.73%

Winner

SPY

+13.70%

10Y(CAGR)

OWL

N/A

SPY

+15.47%

Max(CAGR)

OWL

+2.64%

Winner

SPY

+8.50%

OWL vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	OWL	SPY
2026	-35.44%	+8.50%
2025	-33.75%	+18.00%
2024	+65.06%	+25.59%
2023	+54.75%	+26.72%
2022	-25.64%	-18.64%
2021	+38.01%	+30.52%
2020	+11.57%	+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%

OWL vs SPY Drawdown Comparison

The maximum drawdown for OWL was -67.06%, occurring on Apr 10, 2026. This drawdown has not yet recovered.

The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.

The current OWL drawdown is -61.25%. The current SPY drawdown is -1.20%.

Rank	OWL	SPY
#1	-67.06% Jan 24, 2025 - Apr 10, 2026	-55.20% Oct 9, 2007 - Aug 16, 2012
#2	-50.52% Nov 2, 2021 - Feb 8, 2024	-47.50% Mar 24, 2000 - Oct 26, 2006
#3	-26.26% Jun 7, 2021 - Sep 15, 2021	-33.70% Feb 19, 2020 - Aug 10, 2020
#4	-20.27% Jul 22, 2024 - Oct 2, 2024	-24.50% Jan 3, 2022 - Dec 13, 2023
#5	-17.39% Dec 28, 2020 - May 24, 2021	-19.34% Sep 20, 2018 - Apr 12, 2019
#6	-14.63% May 28, 2024 - Jul 22, 2024	-18.76% Feb 19, 2025 - Jun 26, 2025
#7	-12.08% Oct 18, 2024 - Nov 21, 2024	-13.02% Jul 20, 2015 - Apr 18, 2016
#8	-9.88% Dec 16, 2024 - Jan 22, 2025	-10.10% Jan 26, 2018 - Aug 6, 2018
#9	-9.01% Sep 15, 2021 - Oct 19, 2021	-9.44% Sep 2, 2020 - Nov 11, 2020
#10	-8.42% Apr 8, 2024 - May 28, 2024	-9.30% Jan 19, 2000 - Mar 17, 2000
#11	-6.31% Nov 22, 2024 - Dec 11, 2024	-9.05% Jul 19, 2007 - Oct 5, 2007
#12	-5.92% May 25, 2021 - Jun 3, 2021	-8.88% Jan 27, 2026 - Apr 14, 2026
#13	-5.64% Dec 18, 2020 - Dec 23, 2020	-8.41% Jul 16, 2024 - Sep 19, 2024
#14	-4.36% Mar 4, 2024 - Mar 21, 2024	-7.35% Sep 14, 2012 - Jan 2, 2013
#15	-2.54% Oct 4, 2024 - Oct 10, 2024	-7.27% Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between OWL and SPY is 0.59 which considered as a moderate positive correlation - the stocks show some tendency to move together.

0.59

-101

Dividend Comparison (1999 - 2026)

OWL vs SPY dividend yield comparison.

Year	OWL	SPY
2026	4.81%	0.24%
2025	5.72%	1.07%
2024	2.92%	1.21%
2023	3.69%	1.40%
2022	4.06%	1.65%
2021	0.87%	1.20%
2020	0.00%	1.52%
2019	0.00%	1.75%
2018	0.00%	2.04%
2017	0.00%	1.80%
2016	0.00%	2.03%
2015	0.00%	2.06%
2014	0.00%	1.87%
2013	0.00%	1.81%
2012	0.00%	2.18%
2011	0.00%	2.05%
2010	0.00%	1.80%
2009	0.00%	1.95%
2008	0.00%	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%