PJT vs SPY

Comparison between PJT Partners Inc - Class A (PJT, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformancePJT has outperformed SPY, delivering a return of +18.0% compared to +13.7%

PJT vs SPY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	PJT(COMPANY)	SPY(ETF)
Market Cap / Net Assets	$6.70B	$735B
Expense Ratio	N/A	0.09%
Max Drawdown	58.77%	56.47%
Sharpe Ratio	0.23	1.76
5Y Beta	1.10	1.00
Industry	Capital Markets	N/A
P/E Ratio	31.42	28.46
Forward P/E	20.58	21.99
PEG Ratio	0.78	N/A
Dividend Yield	0.63%	N/A
5Y Dividends CAGR	44.27%	5.43%
5Y EPS CAGR	1.71%	25.20%
Debt to Equity	154.55%	33.33%
Free Cash Flow Yield	9.17%	N/A
P/S Ratio	3.57	3.65
P/B Ratio	14.64	5.50

Market Cap / Net Assets

PJT

$6.70B

Winner

SPY

$735B

Expense Ratio

PJT

N/A

SPY

0.09%

Max Drawdown

PJT

58.77%

Winner

SPY

56.47%

Sharpe Ratio

PJT

0.23

Winner

SPY

1.76

5Y Beta

PJT

1.10

Winner

SPY

1.00

Industry

PJT

Capital Markets

SPY

N/A

P/E Ratio

PJT

31.42

Winner

SPY

28.46

Forward P/E

Winner

PJT

20.58

SPY

21.99

PEG Ratio

PJT

0.78

SPY

N/A

Dividend Yield

PJT

0.63%

SPY

N/A

5Y Dividends CAGR

Winner

PJT

44.27%

SPY

5.43%

5Y EPS CAGR

PJT

1.71%

Winner

SPY

25.20%

Debt to Equity

PJT

154.55%

Winner

SPY

33.33%

Free Cash Flow Yield

PJT

9.17%

SPY

N/A

P/S Ratio

Winner

PJT

3.57

SPY

3.65

P/B Ratio

PJT

14.64

Winner

SPY

5.50

PJT vs SPY - Historical Returns

Returns include dividend reinvestment.

Period	PJT	SPY
1 month	-4.03%	+5.60%
3 months	+1.66%	+8.72%
6 months	-5.83%	+10.63%
1 year	+6.95%	+26.62%
5 years(CAGR)	+18.01%	+13.70%
10 years(CAGR)	+22.10%	+15.47%
Max(CAGR)	+22.06%	+8.50%

PJT

-4.03%

Winner

SPY

+5.60%

PJT

+1.66%

Winner

SPY

+8.72%

PJT

-5.83%

Winner

SPY

+10.63%

PJT

+6.95%

Winner

SPY

+26.62%

5Y(CAGR)

Winner

PJT

+18.01%

SPY

+13.70%

10Y(CAGR)

Winner

PJT

+22.10%

SPY

+15.47%

Max(CAGR)

Winner

PJT

+22.06%

SPY

+8.50%

PJT vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	PJT	SPY
2026	-7.52%	+8.50%
2025	+7.45%	+18.00%
2024	+58.48%	+25.59%
2023	+36.53%	+26.72%
2022	+0.77%	-18.64%
2021	+4.57%	+30.52%
2020	+70.58%	+17.28%
2019	+14.06%	+31.09%
2018	-13.91%	-5.24%
2017	+46.99%	+20.78%
2016	+10.87%	+13.59%
2015	+34.71%	+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%

PJT vs SPY Drawdown Comparison

The maximum drawdown for PJT was -58.44%, occurring on Mar 18, 2020. Recovery took 511 trading sessions.

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

The current PJT drawdown is -18.09%. The current SPY drawdown is -1.20%.

Rank	PJT	SPY
#1	-58.44% Aug 14, 2018 - Aug 25, 2020	-55.20% Oct 9, 2007 - Aug 16, 2012
#2	-37.79% Oct 25, 2021 - Nov 27, 2023	-47.50% Mar 24, 2000 - Oct 26, 2006
#3	-32.47% Jan 22, 2026 - Mar 12, 2026	-33.70% Feb 19, 2020 - Aug 10, 2020
#4	-29.25% Feb 19, 2025 - Jul 10, 2025	-24.50% Jan 3, 2022 - Dec 13, 2023
#5	-24.94% Dec 29, 2015 - Nov 10, 2016	-19.34% Sep 20, 2018 - Apr 12, 2019
#6	-19.85% Jul 20, 2017 - Dec 15, 2017	-18.76% Feb 19, 2025 - Jun 26, 2025
#7	-18.12% Jan 14, 2021 - Oct 1, 2021	-13.02% Jul 20, 2015 - Apr 18, 2016
#8	-15.62% Sep 18, 2025 - Jan 16, 2026	-10.10% Jan 26, 2018 - Aug 6, 2018
#9	-15.27% Mar 13, 2017 - May 11, 2017	-9.44% Sep 2, 2020 - Nov 11, 2020
#10	-13.63% Feb 29, 2024 - May 24, 2024	-9.30% Jan 19, 2000 - Mar 17, 2000
#11	-12.16% Jul 31, 2024 - Sep 19, 2024	-9.05% Jul 19, 2007 - Oct 5, 2007
#12	-11.42% Jan 26, 2018 - Mar 16, 2018	-8.88% Jan 27, 2026 - Apr 14, 2026
#13	-9.93% Jun 18, 2018 - Jul 31, 2018	-8.41% Jul 16, 2024 - Sep 19, 2024
#14	-9.32% Nov 29, 2024 - Feb 4, 2025	-7.35% Sep 14, 2012 - Jan 2, 2013
#15	-9.10% Dec 27, 2023 - Feb 15, 2024	-7.27% Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between PJT 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)

PJT vs SPY dividend yield comparison.

Year	PJT	SPY
2026	0.16%	0.24%
2025	0.60%	1.07%
2024	0.63%	1.21%
2023	0.98%	1.40%
2022	1.36%	1.65%
2021	4.32%	1.20%
2020	0.27%	1.52%
2019	0.44%	1.75%
2018	0.52%	2.04%
2017	0.44%	1.80%
2016	0.65%	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%