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SLNH vs SPY

Comparison between Soluna Holdings Inc (SLNH, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceSPY has outperformed SLNH, delivering a return of +13.4% compared to -62.4%

SLNH vs SPY - Performance Comparison

Key Characteristics

Financial metrics and valuation ratios

Market Cap / Net Assets
SLNH
$221M
Winner
SPY
$784B
Expense Ratio
SLNH
N/A
SPY
0.09%
Max Drawdown
SLNH
99.90%
Winner
SPY
56.47%
Sharpe Ratio
SLNH
1.23
Winner
SPY
1.56
5Y Beta
SLNH
2.90
Winner
SPY
1.00
Industry
SLNH
Capital Markets
SPY
N/A
P/E Ratio
Winner
SLNH
-1.43
SPY
28.29
Forward P/E
SLNH
N/A
SPY
21.75
5Y Dividends CAGR
SLNH
N/A
SPY
5.43%
5Y EPS CAGR
SLNH
N/A
SPY
25.98%
Debt to Equity
SLNH
49.97%
Winner
SPY
30.79%
Free Cash Flow Yield
SLNH
-16.80%
SPY
N/A
P/S Ratio
SLNH
10.79
Winner
SPY
3.79
P/B Ratio
Winner
SLNH
4.72
SPY
5.67

SLNH vs SPY - Historical Returns

Returns include dividend reinvestment.

1M
SLNH
-16.85%
Winner
SPY
+0.48%
3M
Winner
SLNH
+89.69%
SPY
+11.67%
6M
SLNH
-22.51%
Winner
SPY
+9.42%
1Y
Winner
SLNH
+129.53%
SPY
+24.27%
5Y(CAGR)
SLNH
-62.44%
Winner
SPY
+13.36%
10Y(CAGR)
SLNH
-17.96%
Winner
SPY
+15.42%
Max(CAGR)
SLNH
-9.66%
Winner
SPY
+8.49%

SLNH vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

YearSLNHSPY
2026+4.96%+8.88%
2025-46.33%+18.00%
2024-50.70%+25.59%
2023-46.67%+26.72%
2022-97.58%-18.64%
2021+115.20%+30.52%
2020+602.99%+17.28%
2019+44.02%+31.09%
2018-19.25%-5.24%
2017-30.34%+20.78%
2016+54.27%+13.59%
2015+32.36%+1.31%
2014-21.09%+14.56%
2013+535.29%+29.00%
2012-68.52%+14.17%
2011-8.91%+0.85%
2010-21.43%+13.14%
2009+18.64%+22.67%
2008N/A-36.25%
2007N/A+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%

SLNH vs SPY Drawdown Comparison

The maximum drawdown for SLNH was -99.90%, occurring on Apr 8, 2025. This drawdown has not yet recovered.

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

The current SLNH drawdown is -99.64%. The current SPY drawdown is -2.35%.

RankSLNHSPY
#1-99.90%
Nov 15, 2021 - Apr 8, 2025		-55.20%
Oct 9, 2007 - Aug 16, 2012
#2-90.79%
Nov 10, 2009 - Aug 5, 2013		-47.50%
Mar 24, 2000 - Oct 26, 2006
#3-68.61%
Apr 9, 2019 - Sep 11, 2020		-33.70%
Feb 19, 2020 - Aug 10, 2020
#4-64.71%
Mar 21, 2014 - Mar 11, 2019		-24.50%
Jan 3, 2022 - Dec 13, 2023
#5-53.99%
Aug 5, 2013 - Mar 20, 2014		-19.34%
Sep 20, 2018 - Apr 12, 2019
#6-53.47%
Mar 22, 2021 - Nov 11, 2021		-18.76%
Feb 19, 2025 - Jun 26, 2025
#7-52.94%
May 7, 2009 - Sep 10, 2009		-13.02%
Jul 20, 2015 - Apr 18, 2016
#8-48.39%
Feb 19, 2021 - Mar 22, 2021		-10.10%
Jan 26, 2018 - Aug 6, 2018
#9-34.85%
Jan 6, 2021 - Feb 12, 2021		-9.44%
Sep 2, 2020 - Nov 11, 2020
#10-19.20%
Sep 21, 2009 - Oct 1, 2009		-9.30%
Jan 19, 2000 - Mar 17, 2000
#11-17.86%
Oct 1, 2009 - Nov 2, 2009		-9.05%
Jul 19, 2007 - Oct 5, 2007
#12-17.70%
Oct 16, 2020 - Dec 16, 2020		-8.88%
Jan 27, 2026 - Apr 14, 2026
#13-15.25%
Apr 28, 2009 - May 1, 2009		-8.41%
Jul 16, 2024 - Sep 19, 2024
#14-11.23%
Feb 16, 2021 - Feb 19, 2021		-7.35%
Sep 14, 2012 - Jan 2, 2013
#15-10.67%
Mar 13, 2019 - Apr 8, 2019		-7.27%
Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between SLNH and SPY is 0.20 which considered as a very weak or no correlation - the stocks move independently of each other.

0.20
-101

Dividend Comparison (1999 - 2026)

SLNH vs SPY dividend yield comparison.

YearSLNHSPY
20260.00%0.24%
20250.00%1.07%
20240.00%1.21%
20230.00%1.40%
20220.00%1.65%
20210.00%1.20%
20200.00%1.52%
2019110.45%1.75%
20180.00%2.04%
20170.00%1.80%
20160.00%2.03%
20150.00%2.06%
20140.00%1.87%
20130.00%1.81%
20120.00%2.18%
20110.00%2.05%
20100.00%1.80%
20090.00%1.95%
20080.00%3.02%
20070.00%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%

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