SPY vs BND
Comparison between SPDR S&P 500 ETF Trust (SPY, ETF) and VANGUARD TOTAL BOND MARKET INDEX FUND ETF SHARES (BND, ETF).
5-Year PerformanceSPY has outperformed BND, delivering a return of +13.2% compared to +0.1%
SPY vs BND - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
SPY
$784B
BND
$394B
Expense Ratio
SPY
0.09%
Winner
BND
0.03%
Max Drawdown
SPY
56.47%
Winner
BND
23.96%
Sharpe Ratio
Winner
SPY
1.54
BND
0.19
5Y Beta
SPY
1.00
Winner
BND
0.04
P/E Ratio
SPY
27.62
BND
N/A
Forward P/E
SPY
21.11
BND
N/A
5Y Dividends CAGR
SPY
6.00%
Winner
BND
8.33%
5Y EPS CAGR
SPY
25.30%
BND
N/A
Debt to Equity
SPY
31.11%
BND
N/A
P/S Ratio
SPY
3.49
BND
N/A
P/B Ratio
SPY
5.30
BND
N/A
SPY vs BND - Historical Returns
Returns include dividend reinvestment.
1M
SPY
-1.37%
Winner
BND
+0.64%
3M
Winner
SPY
+12.22%
BND
+0.69%
6M
Winner
SPY
+7.20%
BND
+0.57%
1Y
Winner
SPY
+23.58%
BND
+4.23%
5Y(CAGR)
Winner
SPY
+13.19%
BND
+0.06%
10Y(CAGR)
Winner
SPY
+15.12%
BND
+1.61%
Max(CAGR)
Winner
SPY
+8.44%
BND
+3.05%
SPY vs BND - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | SPY | BND |
|---|---|---|
| 2026 | +7.95% | +0.53% |
| 2025 | +18.00% | +7.04% |
| 2024 | +25.59% | +1.81% |
| 2023 | +26.72% | +5.10% |
| 2022 | -18.64% | -12.53% |
| 2021 | +30.52% | -1.73% |
| 2020 | +17.28% | +7.57% |
| 2019 | +31.09% | +8.62% |
| 2018 | -5.24% | +0.17% |
| 2017 | +20.78% | +3.55% |
| 2016 | +13.59% | +2.57% |
| 2015 | +1.31% | +0.22% |
| 2014 | +14.56% | +5.73% |
| 2013 | +29.00% | -1.95% |
| 2012 | +14.17% | +4.16% |
| 2011 | +0.85% | +8.06% |
| 2010 | +13.14% | +6.08% |
| 2009 | +22.67% | +4.02% |
| 2008 | -36.25% | +6.89% |
| 2007 | +5.32% | +6.09% |
| 2006 | +13.85% | N/A |
| 2005 | +5.32% | N/A |
| 2004 | +10.75% | N/A |
| 2003 | +24.18% | N/A |
| 2002 | -22.42% | N/A |
| 2001 | -10.13% | N/A |
| 2000 | -8.84% | N/A |
| 1999 | +8.61% | N/A |
SPY vs BND Drawdown Comparison
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The maximum drawdown for BND was -18.58%, occurring on Oct 20, 2022. This drawdown has not yet recovered.
The current SPY drawdown is -3.18%. The current BND drawdown is -2.16%.
| Rank | SPY | BND |
|---|---|---|
| #1 | -55.20% Oct 9, 2007 - Aug 16, 2012 | -18.58% Aug 6, 2020 - Oct 20, 2022 |
| #2 | -47.50% Mar 24, 2000 - Oct 26, 2006 | -9.31% Sep 15, 2008 - Dec 15, 2008 |
| #3 | -33.70% Feb 19, 2020 - Aug 10, 2020 | -8.67% Mar 6, 2020 - May 21, 2020 |
| #4 | -24.50% Jan 3, 2022 - Dec 13, 2023 | -5.18% May 2, 2013 - May 14, 2014 |
| #5 | -19.34% Sep 20, 2018 - Apr 12, 2019 | -4.75% Jul 8, 2016 - Sep 5, 2017 |
| #6 | -18.76% Feb 19, 2025 - Jun 26, 2025 | -3.59% Nov 4, 2010 - May 9, 2011 |
| #7 | -13.02% Jul 20, 2015 - Apr 18, 2016 | -3.54% Sep 7, 2017 - Jan 3, 2019 |
| #8 | -10.10% Jan 26, 2018 - Aug 6, 2018 | -3.16% Dec 31, 2008 - Jun 25, 2009 |
| #9 | -9.44% Sep 2, 2020 - Nov 11, 2020 | -3.13% Jan 30, 2015 - Feb 10, 2016 |
| #10 | -9.30% Jan 19, 2000 - Mar 17, 2000 | -2.81% Jan 22, 2008 - Sep 4, 2008 |
| #11 | -9.05% Jul 19, 2007 - Oct 5, 2007 | -2.32% May 8, 2007 - Aug 3, 2007 |
| #12 | -8.88% Jan 27, 2026 - Apr 14, 2026 | -2.17% Sep 4, 2019 - Jan 21, 2020 |
| #13 | -8.41% Jul 16, 2024 - Sep 19, 2024 | -1.73% Nov 27, 2009 - Feb 5, 2010 |
| #14 | -7.35% Sep 14, 2012 - Jan 2, 2013 | -1.55% Dec 3, 2007 - Dec 31, 2007 |
| #15 | -7.27% Sep 18, 2014 - Oct 31, 2014 | -1.51% Sep 22, 2011 - Nov 1, 2011 |
Correlation
Correlation between SPY and BND is 0.79 which considered as a strong positive correlation - the stocks tend to move together.
0.79
-101
Dividend Comparison (1999 - 2026)
SPY vs BND dividend yield comparison.
| Year | SPY | BND |
|---|---|---|
| 2026 | 0.50% | 1.66% |
| 2025 | 1.07% | 3.86% |
| 2024 | 1.21% | 3.67% |
| 2023 | 1.40% | 3.09% |
| 2022 | 1.65% | 2.60% |
| 2021 | 1.20% | 2.12% |
| 2020 | 1.52% | 2.38% |
| 2019 | 1.75% | 2.72% |
| 2018 | 2.04% | 2.81% |
| 2017 | 1.80% | 2.54% |
| 2016 | 2.03% | 2.51% |
| 2015 | 2.06% | 2.57% |
| 2014 | 1.87% | 2.79% |
| 2013 | 1.81% | 2.78% |
| 2012 | 2.18% | 3.19% |
| 2011 | 2.05% | 3.57% |
| 2010 | 1.80% | 3.92% |
| 2009 | 1.95% | 4.02% |
| 2008 | 3.02% | 4.46% |
| 2007 | 1.85% | 3.04% |
| 2006 | 1.73% | 0.00% |
| 2005 | 1.73% | 0.00% |
| 2004 | 1.82% | 0.00% |
| 2003 | 1.47% | 0.00% |
| 2002 | 1.70% | 0.00% |
| 2001 | 1.25% | 0.00% |
| 2000 | 1.15% | 0.00% |
| 1999 | 0.24% | 0.00% |
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