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TRTX vs SPY

Comparison between TPG RE Finance Trust Inc (TRTX, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceSPY has outperformed TRTX, delivering a return of +13.3% compared to +2.3%

TRTX vs SPY - Performance Comparison

Key Characteristics

Financial metrics and valuation ratios

Market Cap / Net Assets
TRTX
$648M
Winner
SPY
$735B
Expense Ratio
TRTX
N/A
SPY
0.09%
Max Drawdown
TRTX
87.97%
Winner
SPY
56.47%
Sharpe Ratio
TRTX
0.94
Winner
SPY
1.62
5Y Beta
Winner
TRTX
0.67
SPY
1.00
Industry
TRTX
Reit - Mortgage
SPY
N/A
P/E Ratio
Winner
TRTX
9.98
SPY
28.99
Forward P/E
Winner
TRTX
11.11
SPY
22.37
Dividend Yield
TRTX
11.40%
SPY
N/A
5Y Dividends CAGR
TRTX
-3.17%
Winner
SPY
5.43%
5Y EPS CAGR
TRTX
-12.90%
Winner
SPY
26.05%
Debt to Equity
TRTX
318.42%
Winner
SPY
32.40%
Free Cash Flow Yield
TRTX
14.78%
SPY
N/A
P/S Ratio
TRTX
4.77
Winner
SPY
3.74
P/B Ratio
Winner
TRTX
0.61
SPY
5.61

TRTX vs SPY - Historical Returns

Returns include dividend reinvestment.

1M
TRTX
-0.58%
Winner
SPY
+1.90%
3M
TRTX
+3.76%
Winner
SPY
+8.55%
6M
TRTX
+0.31%
Winner
SPY
+8.18%
1Y
TRTX
+23.19%
Winner
SPY
+25.79%
5Y(CAGR)
TRTX
+2.26%
Winner
SPY
+13.32%
10Y(CAGR)
TRTX
+1.88%
Winner
SPY
+15.19%
Max(CAGR)
TRTX
+1.88%
Winner
SPY
+8.47%

TRTX vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

YearTRTXSPY
2026-0.59%+8.26%
2025+12.67%+18.00%
2024+46.95%+25.59%
2023+7.79%+26.72%
2022-39.05%-18.64%
2021+29.05%+30.52%
2020-35.70%+17.28%
2019+20.36%+31.09%
2018+4.63%-5.24%
2017+0.87%+20.78%
2016N/A+13.59%
2015N/A+1.31%
2014N/A+14.56%
2013N/A+29.00%
2012N/A+14.17%
2011N/A+0.85%
2010N/A+13.14%
2009N/A+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%

TRTX vs SPY Drawdown Comparison

The maximum drawdown for TRTX was -87.02%, occurring on Apr 3, 2020. 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 TRTX drawdown is -10.22%. The current SPY drawdown is -2.90%.

RankTRTXSPY
#1-87.02%
Feb 21, 2020 - Apr 3, 2020		-55.20%
Oct 9, 2007 - Aug 16, 2012
#2-11.39%
Aug 2, 2018 - Feb 8, 2019		-47.50%
Mar 24, 2000 - Oct 26, 2006
#3-6.81%
Sep 5, 2017 - Mar 12, 2018		-33.70%
Feb 19, 2020 - Aug 10, 2020
#4-4.77%
May 3, 2019 - Jul 12, 2019		-24.50%
Jan 3, 2022 - Dec 13, 2023
#5-4.45%
Aug 4, 2017 - Aug 31, 2017		-19.34%
Sep 20, 2018 - Apr 12, 2019
#6-3.48%
Jul 18, 2019 - Sep 9, 2019		-18.76%
Feb 19, 2025 - Jun 26, 2025
#7-3.43%
Mar 14, 2019 - May 3, 2019		-13.02%
Jul 20, 2015 - Apr 18, 2016
#8-3.05%
Apr 16, 2018 - May 18, 2018		-10.10%
Jan 26, 2018 - Aug 6, 2018
#9-2.18%
Mar 19, 2018 - Mar 28, 2018		-9.44%
Sep 2, 2020 - Nov 11, 2020
#10-1.94%
Sep 20, 2019 - Oct 29, 2019		-9.30%
Jan 19, 2000 - Mar 17, 2000
#11-1.73%
Jun 18, 2018 - Jul 5, 2018		-9.05%
Jul 19, 2007 - Oct 5, 2007
#12-1.65%
Jul 10, 2018 - Jul 23, 2018		-8.88%
Jan 27, 2026 - Apr 14, 2026
#13-1.64%
Feb 22, 2019 - Mar 11, 2019		-8.41%
Jul 16, 2024 - Sep 19, 2024
#14-1.48%
Oct 29, 2019 - Dec 2, 2019		-7.35%
Sep 14, 2012 - Jan 2, 2013
#15-1.18%
May 21, 2018 - May 30, 2018		-7.27%
Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between TRTX and SPY is 0.13 which considered as a very weak or no correlation - the stocks move independently of each other.

0.13
-101

Dividend Comparison (1999 - 2026)

TRTX vs SPY dividend yield comparison.

YearTRTXSPY
20262.82%0.24%
202511.15%1.07%
202411.29%1.21%
202314.77%1.40%
202214.14%1.65%
20217.71%1.20%
202015.44%1.52%
20198.49%1.75%
20189.35%2.04%
20173.73%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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