SPIP vs SPY

Comparison between SPDR(R) PORTFOLIO TIPS ETF (SPIP, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceSPY has outperformed SPIP, delivering a return of +13.3% compared to +1.0%

SPIP vs SPY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	SPIP(ETF)	SPY(ETF)
Net Assets	$984M	$652B
Expense Ratio	0.12%	0.09%
Max Drawdown	23.50%	56.47%
Sharpe Ratio	0.28	2.07
5Y Beta	0.04	1.00
P/E Ratio	N/A	28.24
Forward P/E	N/A	21.85
5Y Dividends CAGR	13.23%	5.43%
5Y EPS CAGR	N/A	25.79%
Debt to Equity	N/A	22.35%
P/S Ratio	N/A	3.55
P/B Ratio	N/A	5.29

Net Assets

SPIP

$984M

Winner

SPY

$652B

Expense Ratio

SPIP

0.12%

Winner

SPY

0.09%

Max Drawdown

Winner

SPIP

23.50%

SPY

56.47%

Sharpe Ratio

SPIP

0.28

Winner

SPY

2.07

5Y Beta

Winner

SPIP

0.04

SPY

1.00

P/E Ratio

SPIP

N/A

SPY

28.24

Forward P/E

SPIP

N/A

SPY

21.85

5Y Dividends CAGR

Winner

SPIP

13.23%

SPY

5.43%

5Y EPS CAGR

SPIP

N/A

SPY

25.79%

Debt to Equity

SPIP

N/A

SPY

22.35%

P/S Ratio

SPIP

N/A

SPY

3.55

P/B Ratio

SPIP

N/A

SPY

5.29

SPIP vs SPY - Historical Returns

Returns include dividend reinvestment.

Period	SPIP	SPY
1 month	+0.92%	+9.11%
3 months	+0.97%	+6.59%
6 months	+1.44%	+10.56%
1 year	+5.16%	+32.04%
5 years(CAGR)	+0.99%	+13.35%
10 years(CAGR)	+2.70%	+15.49%
Max(CAGR)	+3.58%	+8.50%

SPIP

+0.92%

Winner

SPY

+9.11%

SPIP

+0.97%

Winner

SPY

+6.59%

SPIP

+1.44%

Winner

SPY

+10.56%

SPIP

+5.16%

Winner

SPY

+32.04%

5Y(CAGR)

SPIP

+0.99%

Winner

SPY

+13.35%

10Y(CAGR)

SPIP

+2.70%

Winner

SPY

+15.49%

Max(CAGR)

SPIP

+3.58%

Winner

SPY

+8.50%

SPIP vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	SPIP	SPY
2026	+1.83%	+8.27%
2025	+6.66%	+18.00%
2024	+1.79%	+25.59%
2023	+2.70%	+26.72%
2022	-12.15%	-18.64%
2021	+5.76%	+30.52%
2020	+10.90%	+17.28%
2019	+8.96%	+31.09%
2018	-1.33%	-5.24%
2017	+2.91%	+20.78%
2016	+4.36%	+13.59%
2015	-3.17%	+1.31%
2014	+4.19%	+14.56%
2013	-9.14%	+29.00%
2012	+7.43%	+14.17%
2011	+14.09%	+0.85%
2010	+5.99%	+13.14%
2009	+11.54%	+22.67%
2008	-2.88%	-36.25%
2007	+9.82%	+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%

SPIP vs SPY Drawdown Comparison

The maximum drawdown for SPIP was -15.36%, occurring on Oct 6, 2023. 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 SPIP drawdown is -0.75%.

Rank	SPIP	SPY
#1	-15.36% Nov 9, 2021 - Oct 6, 2023	-55.20% Oct 9, 2007 - Aug 16, 2012
#2	-14.38% Mar 12, 2008 - Oct 1, 2009	-47.50% Mar 24, 2000 - Oct 26, 2006
#3	-11.92% Dec 6, 2012 - Mar 20, 2019	-33.70% Feb 19, 2020 - Aug 10, 2020
#4	-10.66% Mar 6, 2020 - Apr 28, 2020	-24.50% Jan 3, 2022 - Dec 13, 2023
#5	-5.74% Oct 25, 2010 - Apr 19, 2011	-19.34% Sep 20, 2018 - Apr 12, 2019
#6	-3.64% Aug 10, 2011 - Nov 2, 2011	-18.76% Feb 19, 2025 - Jun 26, 2025
#7	-3.33% Nov 26, 2007 - Jan 9, 2008	-13.02% Jul 20, 2015 - Apr 18, 2016
#8	-3.27% Jan 25, 2021 - May 5, 2021	-10.10% Jan 26, 2018 - Aug 6, 2018
#9	-2.70% Nov 30, 2009 - Apr 29, 2010	-9.44% Sep 2, 2020 - Nov 11, 2020
#10	-2.64% Feb 11, 2008 - Feb 29, 2008	-9.30% Jan 19, 2000 - Mar 17, 2000
#11	-2.57% Aug 29, 2019 - Jan 24, 2020	-9.05% Jul 19, 2007 - Oct 5, 2007
#12	-2.49% Aug 1, 2012 - Sep 13, 2012	-8.88% Jan 27, 2026 - Apr 14, 2026
#13	-1.93% Jan 31, 2012 - Apr 17, 2012	-8.41% Jul 16, 2024 - Sep 19, 2024
#14	-1.75% May 30, 2007 - Jul 10, 2007	-7.35% Sep 14, 2012 - Jan 2, 2013
#15	-1.69% Aug 1, 2007 - Aug 30, 2007	-7.27% Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between SPIP and SPY is 0.86 which considered as a strong positive correlation - the stocks tend to move together.

0.86

-101

Dividend Comparison (1999 - 2026)

SPIP vs SPY dividend yield comparison.

Year	SPIP	SPY
2026	1.08%	0.24%
2025	4.09%	1.07%
2024	3.36%	1.21%
2023	3.70%	1.40%
2022	7.05%	1.65%
2021	4.53%	1.20%
2020	1.97%	1.52%
2019	2.91%	1.75%
2018	2.81%	2.04%
2017	3.02%	1.80%
2016	1.88%	2.03%
2015	0.14%	2.06%
2014	1.66%	1.87%
2013	1.11%	1.81%
2012	2.35%	2.18%
2011	3.95%	2.05%
2010	2.32%	1.80%
2009	1.87%	1.95%
2008	5.92%	3.02%
2007	3.43%	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%