TPL vs SPY
Comparison between Texas Pacific Land Corporation (TPL, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceTPL has outperformed SPY, delivering a return of +16.5% compared to +13.3%
TPL vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
TPL vs SPY - Historical Returns
Returns include dividend reinvestment.
TPL vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | TPL | SPY |
|---|---|---|
| 2026 | +32.44% | +8.27% |
| 2025 | -26.53% | +18.00% |
| 2024 | +111.03% | +25.59% |
| 2023 | -24.63% | +26.72% |
| 2022 | +87.38% | -18.64% |
| 2021 | +66.47% | +30.52% |
| 2020 | -3.94% | +17.28% |
| 2019 | +38.28% | +31.09% |
| 2018 | +18.27% | -5.24% |
| 2017 | +49.75% | +20.78% |
| 2016 | +138.36% | +13.59% |
| 2015 | +11.17% | +1.31% |
| 2014 | +18.83% | +14.56% |
| 2013 | +90.31% | +29.00% |
| 2012 | +33.10% | +14.17% |
| 2011 | +11.78% | +0.85% |
| 2010 | +26.11% | +13.14% |
| 2009 | +22.98% | +22.67% |
| 2008 | -46.50% | -36.25% |
| 2007 | +4.42% | +5.32% |
| 2006 | +49.63% | +13.85% |
| 2005 | +14.41% | +5.32% |
| 2004 | +146.62% | +10.75% |
| 2003 | +40.55% | +24.18% |
| 2002 | +12.25% | -22.42% |
| 2001 | +0.17% | -10.13% |
| 2000 | -5.51% | -8.84% |
| 1999 | -12.68% | +8.61% |
TPL vs SPY Drawdown Comparison
The maximum drawdown for TPL was -73.05%, occurring on Mar 9, 2009. Recovery took 1223 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current TPL drawdown is -31.07%.
| Rank | TPL | SPY |
|---|---|---|
| #1 | -73.05% Jun 29, 2007 - May 7, 2012 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -65.45% Apr 12, 2019 - Jan 12, 2021 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -53.88% Sep 4, 2014 - Sep 28, 2016 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -52.51% Nov 7, 2022 - Sep 18, 2024 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -52.22% Nov 22, 2024 - Dec 16, 2025 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -50.46% Oct 3, 2018 - Apr 10, 2019 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -42.65% May 7, 2021 - Jun 7, 2022 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -36.07% Jul 29, 2005 - Nov 27, 2006 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -26.00% Jul 5, 2000 - Feb 12, 2003 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -22.61% Nov 17, 1999 - Jul 3, 2000 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -19.48% Jan 17, 2017 - Jul 26, 2017 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -18.26% May 4, 2005 - Jul 11, 2005 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -17.99% Dec 31, 2004 - Feb 3, 2005 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -17.56% Oct 25, 2016 - Jan 4, 2017 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -17.22% Jun 7, 2022 - Jul 20, 2022 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between TPL and SPY is 0.93 which considered as a very strong positive correlation - the stocks move almost identically together.
Dividend Comparison (1999 - 2026)
TPL vs SPY dividend yield comparison.
| Year | TPL | SPY |
|---|---|---|
| 2026 | 0.15% | 0.24% |
| 2025 | 0.74% | 1.07% |
| 2024 | 1.37% | 1.21% |
| 2023 | 0.83% | 1.40% |
| 2022 | 1.37% | 1.65% |
| 2021 | 0.88% | 1.20% |
| 2020 | 2.20% | 1.52% |
| 2019 | 0.22% | 1.75% |
| 2018 | 0.55% | 2.04% |
| 2017 | 0.30% | 1.80% |
| 2016 | 0.10% | 2.03% |
| 2015 | 0.22% | 2.06% |
| 2014 | 0.23% | 1.87% |
| 2013 | 0.27% | 1.81% |
| 2012 | 0.90% | 2.18% |
| 2011 | 1.23% | 2.05% |
| 2010 | 0.55% | 1.80% |
| 2009 | 0.63% | 1.95% |
| 2008 | 0.78% | 3.02% |
| 2007 | 0.36% | 1.85% |
| 2006 | 1.27% | 1.73% |
| 2005 | 0.37% | 1.73% |
| 2004 | 1.67% | 1.82% |
| 2003 | 1.34% | 1.47% |
| 2002 | 0.98% | 1.70% |
| 2001 | 1.09% | 1.25% |
| 2000 | 1.12% | 1.15% |
| 1999 | 0.00% | 0.24% |
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