PPIH vs SPY
Comparison between Perma-Pipe International Holdings Inc (PPIH, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformancePPIH has outperformed SPY, delivering a return of +28.7% compared to +13.4%
PPIH vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
PPIH vs SPY - Historical Returns
Returns include dividend reinvestment.
PPIH vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | PPIH | SPY |
|---|---|---|
| 2026 | -17.04% | +8.88% |
| 2025 | +109.52% | +18.00% |
| 2024 | +84.11% | +25.59% |
| 2023 | -14.51% | +26.72% |
| 2022 | +9.50% | -18.64% |
| 2021 | +41.14% | +30.52% |
| 2020 | -33.95% | +17.28% |
| 2019 | +6.71% | +31.09% |
| 2018 | -1.69% | -5.24% |
| 2017 | +11.80% | +20.78% |
| 2016 | +24.42% | +13.59% |
| 2015 | N/A | +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% |
PPIH vs SPY Drawdown Comparison
The maximum drawdown for PPIH was -58.53%, occurring on Nov 13, 2023. Recovery took 626 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current PPIH drawdown is -28.14%. The current SPY drawdown is -2.35%.
| Rank | PPIH | SPY |
|---|---|---|
| #1 | -58.53% May 25, 2022 - Nov 20, 2024 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -48.00% Jun 13, 2018 - Apr 20, 2022 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -45.77% Dec 11, 2024 - Jun 13, 2025 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -31.45% Sep 10, 2025 - Dec 26, 2025 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -28.39% Apr 14, 2026 - Jun 9, 2026 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -21.41% Jan 27, 2017 - Nov 29, 2017 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -17.17% Feb 24, 2026 - Apr 13, 2026 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -15.97% Jul 22, 2025 - Aug 5, 2025 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -14.81% May 6, 2022 - May 25, 2022 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -13.81% Jan 6, 2016 - Feb 1, 2016 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -13.44% Mar 17, 2016 - May 25, 2016 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -12.43% Dec 26, 2025 - Feb 11, 2026 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -10.25% May 31, 2016 - Aug 8, 2016 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -9.77% Jan 23, 2018 - May 10, 2018 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -8.38% Dec 7, 2016 - Jan 9, 2017 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between PPIH and SPY is 0.75 which considered as a strong positive correlation - the stocks tend to move together.
Select Stocks to Compare
More Comparisons
Compare with similar stocks