PAYX vs SPY

Comparison between Paychex Inc (PAYX, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceSPY has outperformed PAYX, delivering a return of +13.0% compared to +1.4%

PAYX vs SPY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	PAYX(COMPANY)	SPY(ETF)
Market Cap / Net Assets	$35B	$784B
Expense Ratio	N/A	0.09%
Max Drawdown	65.77%	56.47%
Sharpe Ratio	-1.52	1.54
5Y Beta	0.48	1.00
Industry	Software - Application	N/A
P/E Ratio	21.56	27.62
Forward P/E	16.00	21.11
PEG Ratio	1.71	N/A
Dividend Yield	4.69%	N/A
5Y Dividends CAGR	7.13%	6.00%
5Y EPS CAGR	9.22%	25.30%
Debt to Equity	123.43%	31.11%
Free Cash Flow Yield	5.94%	N/A
P/S Ratio	8.87	3.49
P/B Ratio	8.77	5.30

Market Cap / Net Assets

PAYX

$35B

Winner

SPY

$784B

Expense Ratio

PAYX

N/A

SPY

0.09%

Max Drawdown

PAYX

65.77%

Winner

SPY

56.47%

Sharpe Ratio

PAYX

-1.52

Winner

SPY

1.54

5Y Beta

Winner

PAYX

0.48

SPY

1.00

Industry

PAYX

Software - Application

SPY

N/A

P/E Ratio

Winner

PAYX

21.56

SPY

27.62

Forward P/E

Winner

PAYX

16.00

SPY

21.11

PEG Ratio

PAYX

1.71

SPY

N/A

Dividend Yield

PAYX

4.69%

SPY

N/A

5Y Dividends CAGR

Winner

PAYX

7.13%

SPY

6.00%

5Y EPS CAGR

PAYX

9.22%

Winner

SPY

25.30%

Debt to Equity

PAYX

123.43%

Winner

SPY

31.11%

Free Cash Flow Yield

PAYX

5.94%

SPY

N/A

P/S Ratio

PAYX

8.87

Winner

SPY

3.49

P/B Ratio

PAYX

8.77

Winner

SPY

5.30

PAYX vs SPY - Historical Returns

Returns include dividend reinvestment.

Period	PAYX	SPY
1 month	-0.72%	-1.41%
3 months	+7.69%	+12.54%
6 months	-13.94%	+6.77%
1 year	-34.12%	+22.18%
5 years(CAGR)	+1.43%	+13.04%
10 years(CAGR)	+9.14%	+15.54%
Max(CAGR)	+8.01%	+8.44%

Winner

PAYX

-0.72%

SPY

-1.41%

PAYX

+7.69%

Winner

SPY

+12.54%

PAYX

-13.94%

Winner

SPY

+6.77%

PAYX

-34.12%

Winner

SPY

+22.18%

5Y(CAGR)

PAYX

+1.43%

Winner

SPY

+13.04%

10Y(CAGR)

PAYX

+9.14%

Winner

SPY

+15.54%

Max(CAGR)

PAYX

+8.01%

Winner

SPY

+8.44%

PAYX vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	PAYX	SPY
2026	-9.21%	+7.90%
2025	-16.46%	+18.00%
2024	+22.56%	+25.59%
2023	+5.97%	+26.72%
2022	-11.91%	-18.64%
2021	+54.86%	+30.52%
2020	+13.16%	+17.28%
2019	+34.71%	+31.09%
2018	+0.03%	-5.24%
2017	+15.11%	+20.78%
2016	+22.09%	+13.59%
2015	+18.22%	+1.31%
2014	+6.02%	+14.56%
2013	+45.43%	+29.00%
2012	+8.55%	+14.17%
2011	-0.08%	+0.85%
2010	+4.76%	+13.14%
2009	+19.07%	+22.67%
2008	-21.95%	-36.25%
2007	-5.50%	+5.32%
2006	+4.23%	+13.85%
2005	+16.02%	+5.32%
2004	-6.15%	+10.75%
2003	+30.53%	+24.18%
2002	-18.22%	-22.42%
2001	-22.93%	-10.13%
2000	+83.60%	-8.84%
1999	+0.93%	+8.61%

PAYX vs SPY Drawdown Comparison

The maximum drawdown for PAYX was -64.85%, occurring on Aug 12, 2002. Recovery took 3246 trading sessions.

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

The current PAYX drawdown is -37.22%. The current SPY drawdown is -3.22%.

Rank	PAYX	SPY
#1	-64.85% Nov 21, 2000 - Oct 21, 2013	-55.20% Oct 9, 2007 - Aug 16, 2012
#2	-44.94% Jun 6, 2025 - Apr 10, 2026	-47.50% Mar 24, 2000 - Oct 26, 2006
#3	-44.15% Feb 20, 2020 - Nov 6, 2020	-33.70% Feb 19, 2020 - Aug 10, 2020
#4	-23.41% Apr 6, 2022 - Sep 3, 2024	-24.50% Jan 3, 2022 - Dec 13, 2023
#5	-19.75% Apr 25, 2000 - Jun 1, 2000	-19.34% Sep 20, 2018 - Apr 12, 2019
#6	-18.77% Dec 29, 2021 - Mar 30, 2022	-18.76% Feb 19, 2025 - Jun 26, 2025
#7	-17.39% Sep 21, 2018 - Feb 8, 2019	-13.02% Jul 20, 2015 - Apr 18, 2016
#8	-15.45% Mar 20, 2015 - Oct 22, 2015	-10.10% Jan 26, 2018 - Aug 6, 2018
#9	-14.81% Nov 20, 2015 - Mar 17, 2016	-9.44% Sep 2, 2020 - Nov 11, 2020
#10	-14.66% Aug 7, 2000 - Sep 22, 2000	-9.30% Jan 19, 2000 - Mar 17, 2000
#11	-14.57% Dec 3, 1999 - Jan 14, 2000	-9.05% Jul 19, 2007 - Oct 5, 2007
#12	-14.19% Dec 18, 2017 - Jun 12, 2018	-8.88% Jan 27, 2026 - Apr 14, 2026
#13	-12.42% Jan 20, 2000 - Feb 14, 2000	-8.41% Jul 16, 2024 - Sep 19, 2024
#14	-12.28% Mar 15, 2017 - Oct 3, 2017	-7.35% Sep 14, 2012 - Jan 2, 2013
#15	-12.19% Jun 21, 2000 - Jul 12, 2000	-7.27% Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between PAYX and SPY is 0.95 which considered as a very strong positive correlation - the stocks move almost identically together.

0.95

-101

Dividend Comparison (1999 - 2026)

PAYX vs SPY dividend yield comparison.

Year	PAYX	SPY
2026	2.36%	0.50%
2025	3.76%	1.07%
2024	2.73%	1.21%
2023	2.90%	1.40%
2022	2.62%	1.65%
2021	1.90%	1.20%
2020	2.66%	1.52%
2019	2.85%	1.75%
2018	3.35%	2.04%
2017	2.82%	1.80%
2016	2.89%	2.03%
2015	3.03%	2.06%
2014	3.16%	1.87%
2013	1.54%	1.81%
2012	6.27%	2.18%
2011	4.15%	2.05%
2010	4.01%	1.80%
2009	4.05%	1.95%
2008	4.64%	3.02%
2007	2.82%	1.85%
2006	1.75%	1.73%
2005	1.44%	1.73%
2004	1.44%	1.82%
2003	1.21%	1.47%
2002	1.58%	1.70%
2001	1.09%	1.25%
2000	0.56%	1.15%
1999	0.00%	0.24%

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PAYX vs SPY

PAYX vs SPY - Performance Comparison

Key Characteristics

PAYX vs SPY - Historical Returns

PAYX vs SPY - Annual Returns (1999 - 2026)

PAYX vs SPY Drawdown Comparison

Correlation

Dividend Comparison (1999 - 2026)

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