UGP vs SPY
Comparison between Ultrapar Participacoes S.A. (UGP, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed UGP, delivering a return of +13.9% compared to +12.9%
UGP vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
UGP vs SPY - Historical Returns
Returns include dividend reinvestment.
UGP vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | UGP | SPY |
|---|---|---|
| 2026 | +52.62% | +8.42% |
| 2025 | +57.04% | +18.00% |
| 2024 | -50.13% | +25.59% |
| 2023 | +153.98% | +26.72% |
| 2022 | +0.32% | -18.64% |
| 2021 | -40.18% | +30.52% |
| 2020 | -28.06% | +17.28% |
| 2019 | -10.53% | +31.09% |
| 2018 | -41.03% | -5.24% |
| 2017 | +10.42% | +20.78% |
| 2016 | +48.04% | +13.59% |
| 2015 | -16.35% | +1.31% |
| 2014 | -14.36% | +14.56% |
| 2013 | +7.29% | +29.00% |
| 2012 | +27.68% | +14.17% |
| 2011 | +8.79% | +0.85% |
| 2010 | +36.92% | +13.14% |
| 2009 | +116.73% | +22.67% |
| 2008 | -31.33% | -36.25% |
| 2007 | +52.33% | +5.32% |
| 2006 | +70.87% | +13.85% |
| 2005 | -12.32% | +5.32% |
| 2004 | +65.43% | +10.75% |
| 2003 | +93.65% | +24.18% |
| 2002 | -6.65% | -22.42% |
| 2001 | +9.79% | -10.13% |
| 2000 | -26.09% | -8.84% |
| 1999 | +9.53% | +8.61% |
UGP vs SPY Drawdown Comparison
The maximum drawdown for UGP was -83.27%, occurring on Mar 23, 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 UGP drawdown is -40.55%. The current SPY drawdown is -1.27%.
| Rank | UGP | SPY |
|---|---|---|
| #1 | -83.27% Jan 25, 2018 - Mar 23, 2020 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -62.59% May 13, 2008 - Sep 10, 2009 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -51.03% Jan 19, 2000 - Jul 1, 2003 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -50.23% Oct 22, 2013 - Jan 24, 2018 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -33.35% Jan 12, 2004 - Aug 17, 2004 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -27.47% Jun 20, 2005 - Mar 27, 2006 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -25.02% Oct 9, 2007 - May 13, 2008 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -24.94% May 8, 2006 - Oct 12, 2006 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -20.96% May 20, 2013 - Oct 14, 2013 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -19.83% Jul 23, 2007 - Sep 13, 2007 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -19.66% Apr 8, 2011 - Sep 1, 2011 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -17.67% Sep 1, 2011 - Oct 24, 2011 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -16.74% Mar 1, 2012 - Jul 27, 2012 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -15.92% Feb 17, 2005 - Jun 16, 2005 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -15.86% Dec 2, 2009 - Jul 9, 2010 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between UGP and SPY is 0.15 which considered as a very weak or no correlation - the stocks move independently of each other.
Dividend Comparison (1999 - 2026)
UGP vs SPY dividend yield comparison.
| Year | UGP | SPY |
|---|---|---|
| 2026 | 0.00% | 0.24% |
| 2025 | 8.50% | 1.07% |
| 2024 | 4.76% | 1.21% |
| 2023 | 1.30% | 1.40% |
| 2022 | 4.70% | 1.65% |
| 2021 | 4.52% | 1.20% |
| 2020 | 1.21% | 1.52% |
| 2019 | 2.28% | 1.75% |
| 2018 | 3.15% | 2.04% |
| 2017 | 2.39% | 1.80% |
| 2016 | 2.23% | 2.03% |
| 2015 | 2.93% | 2.06% |
| 2014 | 3.20% | 1.87% |
| 2013 | 2.59% | 1.81% |
| 2012 | 2.45% | 2.18% |
| 2011 | 3.33% | 2.05% |
| 2010 | 2.20% | 1.80% |
| 2009 | 1.84% | 1.95% |
| 2008 | 11.66% | 3.02% |
| 2007 | 2.38% | 1.85% |
| 2006 | 4.23% | 1.73% |
| 2005 | 4.44% | 1.73% |
| 2004 | 3.30% | 1.82% |
| 2003 | 2.87% | 1.47% |
| 2002 | 8.56% | 1.70% |
| 2001 | 24.20% | 1.25% |
| 2000 | 3.20% | 1.15% |
| 1999 | 0.00% | 0.24% |
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