PIPR vs SPY
Comparison between Piper Sandler Co`s (PIPR, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformancePIPR has outperformed SPY, delivering a return of +24.3% compared to +13.8%
PIPR vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
PIPR vs SPY - Historical Returns
Returns include dividend reinvestment.
PIPR vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | PIPR | SPY |
|---|---|---|
| 2026 | -9.59% | +7.70% |
| 2025 | +15.86% | +18.00% |
| 2024 | +78.01% | +25.59% |
| 2023 | +33.07% | +26.72% |
| 2022 | -24.64% | -18.64% |
| 2021 | +88.56% | +30.52% |
| 2020 | +28.52% | +17.28% |
| 2019 | +22.07% | +31.09% |
| 2018 | -20.29% | -5.24% |
| 2017 | +20.78% | +20.78% |
| 2016 | +82.62% | +13.59% |
| 2015 | -30.63% | +1.31% |
| 2014 | +48.34% | +14.56% |
| 2013 | +19.78% | +29.00% |
| 2012 | +51.49% | +14.17% |
| 2011 | -43.51% | +0.85% |
| 2010 | -32.57% | +13.14% |
| 2009 | +33.57% | +22.67% |
| 2008 | -11.86% | -36.25% |
| 2007 | -31.22% | +5.32% |
| 2006 | +57.86% | +13.85% |
| 2005 | -14.26% | +5.32% |
| 2004 | +11.51% | +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% |
PIPR vs SPY Drawdown Comparison
The maximum drawdown for PIPR was -76.97%, occurring on Oct 3, 2011. Recovery took 2665 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current PIPR drawdown is -16.31%. The current SPY drawdown is -1.93%.
| Rank | PIPR | SPY |
|---|---|---|
| #1 | -76.97% May 5, 2006 - Dec 5, 2016 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -63.00% Feb 1, 2018 - Nov 10, 2020 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -54.19% Mar 4, 2004 - Apr 11, 2006 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -42.21% Nov 19, 2021 - Dec 14, 2023 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -38.73% Nov 25, 2024 - Sep 11, 2025 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -34.14% Feb 15, 2017 - Dec 18, 2017 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -24.56% Jan 22, 2026 - Mar 12, 2026 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -14.85% Sep 18, 2025 - Jan 15, 2026 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -14.36% Jun 25, 2021 - Aug 5, 2021 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -14.01% Jul 30, 2024 - Sep 19, 2024 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -13.55% Dec 16, 2020 - Feb 12, 2021 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -12.25% Mar 12, 2021 - May 14, 2021 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -12.01% Dec 20, 2016 - Feb 10, 2017 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -9.78% Aug 27, 2021 - Sep 27, 2021 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -8.52% Apr 8, 2024 - May 2, 2024 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between PIPR and SPY is 0.94 which considered as a very strong positive correlation - the stocks move almost identically together.
Dividend Comparison (1999 - 2026)
PIPR vs SPY dividend yield comparison.
| Year | PIPR | SPY |
|---|---|---|
| 2026 | 1.84% | 0.24% |
| 2025 | 1.68% | 1.07% |
| 2024 | 1.17% | 1.21% |
| 2023 | 2.09% | 1.40% |
| 2022 | 5.30% | 1.65% |
| 2021 | 3.81% | 1.20% |
| 2020 | 1.98% | 1.52% |
| 2019 | 1.88% | 1.75% |
| 2018 | 4.74% | 2.04% |
| 2017 | 1.45% | 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% |
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