THG vs SPY
Comparison between Hanover Insurance Group Inc (THG, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed THG, delivering a return of +13.7% compared to +8.9%
THG vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
THG vs SPY - Historical Returns
Returns include dividend reinvestment.
THG vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | THG | SPY |
|---|---|---|
| 2026 | +9.30% | +8.50% |
| 2025 | +22.40% | +18.00% |
| 2024 | +29.01% | +25.59% |
| 2023 | -8.17% | +26.72% |
| 2022 | +5.29% | -18.64% |
| 2021 | +16.88% | +30.52% |
| 2020 | -12.07% | +17.28% |
| 2019 | +28.32% | +31.09% |
| 2018 | +11.54% | -5.24% |
| 2017 | +21.12% | +20.78% |
| 2016 | +16.52% | +13.59% |
| 2015 | +17.70% | +1.31% |
| 2014 | +24.30% | +14.56% |
| 2013 | +56.55% | +29.00% |
| 2012 | +13.94% | +14.17% |
| 2011 | -23.17% | +0.85% |
| 2010 | +7.08% | +13.14% |
| 2009 | +5.78% | +22.67% |
| 2008 | -3.40% | -36.25% |
| 2007 | -5.87% | +5.32% |
| 2006 | +14.26% | +13.85% |
| 2005 | +29.10% | +5.32% |
| 2004 | +6.45% | +10.75% |
| 2003 | +204.96% | +24.18% |
| 2002 | -76.57% | -22.42% |
| 2001 | -33.33% | -10.13% |
| 2000 | +36.05% | -8.84% |
| 1999 | +1.24% | +8.61% |
THG vs SPY Drawdown Comparison
The maximum drawdown for THG was -89.84%, occurring on Oct 9, 2002. Recovery took 3234 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current SPY drawdown is -1.20%.
| Rank | THG | SPY |
|---|---|---|
| #1 | -89.84% Dec 29, 2000 - Nov 8, 2013 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -40.84% Nov 8, 1999 - May 24, 2000 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -40.05% Feb 4, 2020 - Apr 27, 2021 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -30.38% Apr 20, 2022 - Aug 30, 2024 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -18.50% Aug 21, 2018 - May 10, 2019 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -17.77% Apr 1, 2016 - Dec 8, 2016 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -14.04% Aug 27, 2021 - Feb 3, 2022 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -13.98% Apr 2, 2025 - May 30, 2025 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -13.34% Jan 10, 2014 - Mar 31, 2014 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -12.87% May 24, 2000 - Jul 27, 2000 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -11.94% Oct 3, 2000 - Dec 7, 2000 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -11.73% Mar 15, 2017 - Jul 20, 2017 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -11.07% Aug 16, 2017 - Oct 10, 2017 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -10.68% Nov 11, 2015 - Mar 11, 2016 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -10.32% Nov 29, 2024 - Feb 6, 2025 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between THG and SPY is 0.97 which considered as a very strong positive correlation - the stocks move almost identically together.
Dividend Comparison (1999 - 2026)
THG vs SPY dividend yield comparison.
| Year | THG | SPY |
|---|---|---|
| 2026 | 0.49% | 0.24% |
| 2025 | 2.00% | 1.07% |
| 2024 | 2.23% | 1.21% |
| 2023 | 2.70% | 1.40% |
| 2022 | 2.26% | 1.65% |
| 2021 | 2.17% | 1.20% |
| 2020 | 2.27% | 1.52% |
| 2019 | 7.10% | 1.75% |
| 2018 | 1.90% | 2.04% |
| 2017 | 1.89% | 1.80% |
| 2016 | 2.07% | 2.03% |
| 2015 | 2.08% | 2.06% |
| 2014 | 2.13% | 1.87% |
| 2013 | 2.28% | 1.81% |
| 2012 | 3.18% | 2.18% |
| 2011 | 4.02% | 2.05% |
| 2010 | 2.14% | 1.80% |
| 2009 | 1.69% | 1.95% |
| 2008 | 1.05% | 3.02% |
| 2007 | 0.87% | 1.85% |
| 2006 | 0.61% | 1.73% |
| 2005 | 0.60% | 1.73% |
| 2004 | 0.00% | 1.82% |
| 2003 | 0.00% | 1.47% |
| 2002 | 9.90% | 1.70% |
| 2001 | 0.56% | 1.25% |
| 2000 | 0.34% | 1.15% |
| 1999 | 0.00% | 0.24% |
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