PNW vs SPY
Comparison between Pinnacle West Capital Corp (PNW, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed PNW, delivering a return of +13.3% compared to +7.5%
PNW vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
PNW vs SPY - Historical Returns
Returns include dividend reinvestment.
PNW vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | PNW | SPY |
|---|---|---|
| 2026 | +14.74% | +8.27% |
| 2025 | +9.47% | +18.00% |
| 2024 | +21.11% | +25.59% |
| 2023 | +0.66% | +26.72% |
| 2022 | +14.35% | -18.64% |
| 2021 | -6.79% | +30.52% |
| 2020 | -6.39% | +17.28% |
| 2019 | +12.10% | +31.09% |
| 2018 | +5.16% | -5.24% |
| 2017 | +13.70% | +20.78% |
| 2016 | +26.11% | +13.59% |
| 2015 | -2.47% | +1.31% |
| 2014 | +36.73% | +14.56% |
| 2013 | +4.94% | +29.00% |
| 2012 | +11.13% | +14.17% |
| 2011 | +21.91% | +0.85% |
| 2010 | +18.70% | +13.14% |
| 2009 | +18.06% | +22.67% |
| 2008 | -18.11% | -36.25% |
| 2007 | -13.63% | +5.32% |
| 2006 | +25.10% | +13.85% |
| 2005 | -1.97% | +5.32% |
| 2004 | +15.32% | +10.75% |
| 2003 | +20.14% | +24.18% |
| 2002 | -15.91% | -22.42% |
| 2001 | -6.62% | -10.13% |
| 2000 | +66.55% | -8.84% |
| 1999 | -16.71% | +8.61% |
PNW vs SPY Drawdown Comparison
The maximum drawdown for PNW was -53.35%, occurring on Oct 9, 2002. Recovery took 1026 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current PNW drawdown is -4.13%.
| Rank | PNW | SPY |
|---|---|---|
| #1 | -53.35% Oct 2, 2000 - Nov 3, 2004 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -49.51% Jan 4, 2007 - Sep 28, 2010 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -39.28% Feb 21, 2020 - Jul 31, 2024 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -28.96% Nov 2, 1999 - May 8, 2000 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -20.89% Jan 22, 2015 - Feb 3, 2016 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -18.48% Nov 30, 2017 - Nov 12, 2018 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -15.59% May 12, 2011 - Oct 18, 2011 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -15.01% May 3, 2013 - Oct 20, 2014 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -14.10% Aug 2, 2005 - Aug 18, 2006 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -13.50% Nov 27, 2024 - Mar 3, 2025 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -12.38% Jun 6, 2019 - Jan 27, 2020 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -11.25% Jul 5, 2016 - Feb 24, 2017 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -10.68% Dec 13, 2018 - Feb 21, 2019 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -10.25% May 11, 2000 - Jul 24, 2000 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -8.43% Aug 7, 2025 - Jan 16, 2026 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between PNW and SPY is 0.92 which considered as a very strong positive correlation - the stocks move almost identically together.
Dividend Comparison (1999 - 2026)
PNW vs SPY dividend yield comparison.
| Year | PNW | SPY |
|---|---|---|
| 2026 | 1.83% | 0.24% |
| 2025 | 4.05% | 1.07% |
| 2024 | 4.17% | 1.21% |
| 2023 | 4.84% | 1.40% |
| 2022 | 4.49% | 1.65% |
| 2021 | 4.73% | 1.20% |
| 2020 | 3.97% | 1.52% |
| 2019 | 3.33% | 1.75% |
| 2018 | 3.31% | 2.04% |
| 2017 | 3.12% | 1.80% |
| 2016 | 3.24% | 2.03% |
| 2015 | 3.74% | 2.06% |
| 2014 | 3.36% | 1.87% |
| 2013 | 4.16% | 1.81% |
| 2012 | 4.16% | 2.18% |
| 2011 | 4.36% | 2.05% |
| 2010 | 5.07% | 1.80% |
| 2009 | 5.74% | 1.95% |
| 2008 | 6.54% | 3.02% |
| 2007 | 4.95% | 1.85% |
| 2006 | 3.99% | 1.73% |
| 2005 | 4.66% | 1.73% |
| 2004 | 4.11% | 1.82% |
| 2003 | 4.31% | 1.47% |
| 2002 | 4.77% | 1.70% |
| 2001 | 3.64% | 1.25% |
| 2000 | 2.99% | 1.15% |
| 1999 | 0.00% | 0.24% |
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