StockComparison Logo
vs

SAR vs SPY

Comparison between Saratoga Investment Corp (SAR, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceSPY has outperformed SAR, delivering a return of +13.3% compared to +8.8%

SAR vs SPY - Performance Comparison

Key Characteristics

Financial metrics and valuation ratios

Market Cap / Net Assets
SAR
$365M
Winner
SPY
$735B
Expense Ratio
SAR
N/A
SPY
0.09%
Max Drawdown
SAR
94.01%
Winner
SPY
56.47%
Sharpe Ratio
SAR
0.18
Winner
SPY
1.62
5Y Beta
Winner
SAR
0.54
SPY
1.00
Industry
SAR
Asset Management
SPY
N/A
P/E Ratio
Winner
SAR
9.76
SPY
28.99
Forward P/E
Winner
SAR
11.21
SPY
22.37
PEG Ratio
SAR
0.33
SPY
N/A
Dividend Yield
SAR
13.40%
SPY
N/A
5Y Dividends CAGR
Winner
SAR
16.09%
SPY
5.43%
5Y EPS CAGR
SAR
N/A
SPY
26.05%
Debt to Equity
SAR
186.64%
Winner
SPY
32.40%
Free Cash Flow Yield
SAR
-24.09%
SPY
N/A
P/S Ratio
Winner
SAR
2.91
SPY
3.74
P/B Ratio
Winner
SAR
0.93
SPY
5.61

SAR vs SPY - Historical Returns

Returns include dividend reinvestment.

1M
SAR
-2.63%
Winner
SPY
+1.90%
3M
SAR
-2.19%
Winner
SPY
+8.55%
6M
SAR
+4.90%
Winner
SPY
+8.18%
1Y
SAR
+5.56%
Winner
SPY
+25.79%
5Y(CAGR)
SAR
+8.81%
Winner
SPY
+13.32%
10Y(CAGR)
SAR
+14.05%
Winner
SPY
+15.19%
Max(CAGR)
SAR
+5.66%
Winner
SPY
+8.47%

SAR vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

YearSARSPY
2026+2.99%+8.26%
2025+9.10%+18.00%
2024+6.50%+25.59%
2023+10.72%+26.72%
2022-4.08%-18.64%
2021+54.28%+30.52%
2020-10.77%+17.28%
2019+29.96%+31.09%
2018-2.27%-5.24%
2017+22.47%+20.78%
2016+48.92%+13.59%
2015+14.78%+1.31%
2014-3.24%+14.56%
2013+16.35%+29.00%
2012+56.12%+14.17%
2011-15.58%+0.85%
2010+26.49%+13.14%
2009+5.90%+22.67%
2008-67.73%-36.25%
2007-21.56%+5.32%
2006N/A+13.85%
2005N/A+5.32%
2004N/A+10.75%
2003N/A+24.18%
2002N/A-22.42%
2001N/A-10.13%
2000N/A-8.84%
1999N/A+8.61%

SAR vs SPY Drawdown Comparison

The maximum drawdown for SAR was -90.54%, occurring on Nov 24, 2008. Recovery took 2410 trading sessions.

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

The current SAR drawdown is -4.34%. The current SPY drawdown is -2.90%.

RankSARSPY
#1-90.54%
Jun 4, 2007 - Dec 27, 2016		-55.20%
Oct 9, 2007 - Aug 16, 2012
#2-69.89%
Feb 14, 2020 - Apr 5, 2021		-47.50%
Mar 24, 2000 - Oct 26, 2006
#3-28.49%
Jun 26, 2018 - Jul 26, 2019		-33.70%
Feb 19, 2020 - Aug 10, 2020
#4-25.99%
Oct 6, 2021 - Jan 10, 2023		-24.50%
Jan 3, 2022 - Dec 13, 2023
#5-15.50%
Feb 17, 2023 - May 24, 2023		-19.34%
Sep 20, 2018 - Apr 12, 2019
#6-15.19%
Jun 1, 2023 - Oct 9, 2024		-18.76%
Feb 19, 2025 - Jun 26, 2025
#7-14.36%
Apr 1, 2025 - May 6, 2025		-13.02%
Jul 20, 2015 - Apr 18, 2016
#8-13.85%
Sep 2, 2025 - Feb 2, 2026		-10.10%
Jan 26, 2018 - Aug 6, 2018
#9-13.25%
Jan 10, 2018 - May 15, 2018		-9.44%
Sep 2, 2020 - Nov 11, 2020
#10-12.48%
Mar 13, 2017 - Oct 23, 2017		-9.30%
Jan 19, 2000 - Mar 17, 2000
#11-11.73%
Mar 4, 2026 - May 1, 2026		-9.05%
Jul 19, 2007 - Oct 5, 2007
#12-8.61%
May 6, 2025 - May 27, 2025		-8.88%
Jan 27, 2026 - Apr 14, 2026
#13-7.64%
May 4, 2026 - May 11, 2026		-8.41%
Jul 16, 2024 - Sep 19, 2024
#14-7.37%
Feb 28, 2025 - Mar 27, 2025		-7.35%
Sep 14, 2012 - Jan 2, 2013
#15-7.20%
Mar 27, 2007 - May 29, 2007		-7.27%
Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between SAR 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)

SAR vs SPY dividend yield comparison.

YearSARSPY
20266.71%0.24%
202514.04%1.07%
202413.80%1.21%
202310.90%1.40%
202211.02%1.65%
20216.16%1.20%
20206.57%1.52%
20196.61%1.75%
201810.35%2.04%
201710.51%1.80%
20169.12%2.03%
201514.14%2.06%
20141.21%1.87%
201316.93%1.81%
201227.60%2.18%
201124.29%2.05%
201025.36%1.80%
2009103.69%1.95%
200862.99%3.02%
20079.66%1.85%
20060.00%1.73%
20050.00%1.73%
20040.00%1.82%
20030.00%1.47%
20020.00%1.70%
20010.00%1.25%
20000.00%1.15%
19990.00%0.24%

Select Stocks to Compare

Popular: SAR vs SPY