PFSI vs SPY

Comparison between PennyMac Financial Services Inc (PFSI, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceSPY has outperformed PFSI, delivering a return of +13.9% compared to +8.2%

PFSI vs SPY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	PFSI(COMPANY)	SPY(ETF)
Market Cap / Net Assets	$4.52B	$735B
Expense Ratio	N/A	0.09%
Max Drawdown	56.63%	56.47%
Sharpe Ratio	-0.10	1.67
5Y Beta	0.65	1.00
Industry	Mortgage Finance	N/A
P/E Ratio	8.91	28.81
Forward P/E	5.43	22.07
PEG Ratio	0.20	N/A
Dividend Yield	1.39%	N/A
5Y Dividends CAGR	11.38%	5.43%
5Y EPS CAGR	-2.16%	25.84%
Debt to Equity	144.02%	34.16%
Free Cash Flow Yield	-90.09%	N/A
P/S Ratio	N/A	3.69
P/B Ratio	N/A	5.54

Market Cap / Net Assets

PFSI

$4.52B

Winner

SPY

$735B

Expense Ratio

PFSI

N/A

SPY

0.09%

Max Drawdown

PFSI

56.63%

Winner

SPY

56.47%

Sharpe Ratio

PFSI

-0.10

Winner

SPY

1.67

5Y Beta

Winner

PFSI

0.65

SPY

1.00

Industry

PFSI

Mortgage Finance

SPY

N/A

P/E Ratio

Winner

PFSI

8.91

SPY

28.81

Forward P/E

Winner

PFSI

5.43

SPY

22.07

PEG Ratio

PFSI

0.20

SPY

N/A

Dividend Yield

PFSI

1.39%

SPY

N/A

5Y Dividends CAGR

Winner

PFSI

11.38%

SPY

5.43%

5Y EPS CAGR

PFSI

-2.16%

Winner

SPY

25.84%

Debt to Equity

PFSI

144.02%

Winner

SPY

34.16%

Free Cash Flow Yield

PFSI

-90.09%

SPY

N/A

P/S Ratio

PFSI

N/A

SPY

3.69

P/B Ratio

PFSI

N/A

SPY

5.54

PFSI vs SPY - Historical Returns

Returns include dividend reinvestment.

Period	PFSI	SPY
1 month	-3.66%	+5.49%
3 months	-5.32%	+8.03%
6 months	-30.61%	+13.34%
1 year	-8.46%	+28.89%
5 years(CAGR)	+8.19%	+13.90%
10 years(CAGR)	+21.61%	+15.59%
Max(CAGR)	+13.23%	+8.51%

PFSI

-3.66%

Winner

SPY

+5.49%

PFSI

-5.32%

Winner

SPY

+8.03%

PFSI

-30.61%

Winner

SPY

+13.34%

PFSI

-8.46%

Winner

SPY

+28.89%

5Y(CAGR)

PFSI

+8.19%

Winner

SPY

+13.90%

10Y(CAGR)

Winner

PFSI

+21.61%

SPY

+15.59%

Max(CAGR)

Winner

PFSI

+13.23%

SPY

+8.51%

PFSI vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	PFSI	SPY
2026	-33.38%	+9.02%
2025	+33.53%	+18.00%
2024	+17.54%	+25.59%
2023	+54.87%	+26.72%
2022	-17.98%	-18.64%
2021	+13.59%	+30.52%
2020	+98.91%	+17.28%
2019	+59.37%	+31.09%
2018	-6.84%	-5.24%
2017	+33.43%	+20.78%
2016	+10.05%	+13.59%
2015	-10.28%	+1.31%
2014	-2.43%	+14.56%
2013	-8.12%	+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%

PFSI vs SPY Drawdown Comparison

The maximum drawdown for PFSI was -56.49%, occurring on Mar 19, 2020. Recovery took 88 trading sessions.

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

The current PFSI drawdown is -45.06%. The current SPY drawdown is -0.73%.

Rank	PFSI	SPY
#1	-56.49% Feb 7, 2020 - Jun 15, 2020	-55.20% Oct 9, 2007 - Aug 16, 2012
#2	-51.85% May 21, 2013 - Jan 2, 2018	-47.50% Mar 24, 2000 - Oct 26, 2006
#3	-47.06% Jan 16, 2026 - Mar 13, 2026	-33.70% Feb 19, 2020 - Aug 10, 2020
#4	-43.27% Dec 30, 2021 - Feb 2, 2023	-24.50% Jan 3, 2022 - Dec 13, 2023
#5	-23.92% Oct 15, 2020 - Dec 22, 2020	-19.34% Sep 20, 2018 - Apr 12, 2019
#6	-22.97% Sep 16, 2024 - Sep 4, 2025	-18.76% Feb 19, 2025 - Jun 26, 2025
#7	-22.94% Feb 16, 2018 - Feb 22, 2019	-13.02% Jul 20, 2015 - Apr 18, 2016
#8	-22.83% Feb 2, 2023 - Jul 12, 2023	-10.10% Jan 26, 2018 - Aug 6, 2018
#9	-22.69% Jul 26, 2023 - Dec 12, 2023	-9.44% Sep 2, 2020 - Nov 11, 2020
#10	-18.65% Dec 22, 2020 - Aug 6, 2021	-9.30% Jan 19, 2000 - Mar 17, 2000
#11	-15.70% Feb 22, 2019 - Aug 2, 2019	-9.05% Jul 19, 2007 - Oct 5, 2007
#12	-13.02% Aug 6, 2021 - Dec 8, 2021	-8.88% Jan 27, 2026 - Apr 14, 2026
#13	-10.50% Jan 5, 2018 - Feb 16, 2018	-8.41% Jul 16, 2024 - Sep 19, 2024
#14	-10.35% Dec 14, 2023 - Feb 2, 2024	-7.35% Sep 14, 2012 - Jan 2, 2013
#15	-9.88% Sep 18, 2025 - Oct 22, 2025	-7.27% Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between PFSI and SPY is 0.96 which considered as a very strong positive correlation - the stocks move almost identically together.

0.96

-101

Dividend Comparison (1999 - 2026)

PFSI vs SPY dividend yield comparison.

Year	PFSI	SPY
2026	0.69%	0.24%
2025	0.91%	1.07%
2024	0.98%	1.21%
2023	0.91%	1.40%
2022	1.41%	1.65%
2021	1.15%	1.20%
2020	0.82%	1.52%
2019	0.35%	1.75%
2018	1.88%	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%