ULS vs SPY

Comparison between UL Solutions Inc - Class A (ULS, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).

ULS vs SPY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	ULS(COMPANY)	SPY(ETF)
Market Cap / Net Assets	$21B	$652B
Expense Ratio	N/A	0.09%
Max Drawdown	24.34%	56.47%
Sharpe Ratio	1.01	2.07
5Y Beta	0.65	1.00
Industry	Specialty Business Services	N/A
P/E Ratio	60.18	28.24
Forward P/E	42.37	21.85
PEG Ratio	4.00	N/A
Dividend Yield	0.54%	N/A
5Y Dividends CAGR	N/A	5.43%
5Y EPS CAGR	N/A	25.79%
Debt to Equity	27.07%	22.35%
Free Cash Flow Yield	2.13%	N/A
P/S Ratio	6.81	3.55
P/B Ratio	14.36	5.29

Market Cap / Net Assets

ULS

$21B

Winner

SPY

$652B

Expense Ratio

ULS

N/A

SPY

0.09%

Max Drawdown

Winner

ULS

24.34%

SPY

56.47%

Sharpe Ratio

ULS

1.01

Winner

SPY

2.07

5Y Beta

Winner

ULS

0.65

SPY

1.00

Industry

ULS

Specialty Business Services

SPY

N/A

P/E Ratio

ULS

60.18

Winner

SPY

28.24

Forward P/E

ULS

42.37

Winner

SPY

21.85

PEG Ratio

ULS

4.00

SPY

N/A

Dividend Yield

ULS

0.54%

SPY

N/A

5Y Dividends CAGR

ULS

N/A

SPY

5.43%

5Y EPS CAGR

ULS

N/A

SPY

25.79%

Debt to Equity

ULS

27.07%

Winner

SPY

22.35%

Free Cash Flow Yield

ULS

2.13%

SPY

N/A

P/S Ratio

ULS

6.81

Winner

SPY

3.55

P/B Ratio

ULS

14.36

Winner

SPY

5.29

ULS vs SPY - Historical Returns

Returns include dividend reinvestment.

Period	ULS	SPY
1 month	+17.85%	+9.11%
3 months	+39.35%	+6.59%
6 months	+17.64%	+10.56%
1 year	+43.49%	+32.04%
5 years(CAGR)	N/A	+13.35%
10 years(CAGR)	N/A	+15.49%
Max(CAGR)	+67.96%	+8.50%

Winner

ULS

+17.85%

SPY

+9.11%

Winner

ULS

+39.35%

SPY

+6.59%

Winner

ULS

+17.64%

SPY

+10.56%

Winner

ULS

+43.49%

SPY

+32.04%

5Y(CAGR)

ULS

N/A

SPY

+13.35%

10Y(CAGR)

ULS

N/A

SPY

+15.49%

Max(CAGR)

Winner

ULS

+67.96%

SPY

+8.50%

ULS vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	ULS	SPY
2026	+24.35%	+8.27%
2025	+60.07%	+18.00%
2024	+43.89%	+25.59%
2023	N/A	+26.72%
2022	N/A	-18.64%
2021	N/A	+30.52%
2020	N/A	+17.28%
2019	N/A	+31.09%
2018	N/A	-5.24%
2017	N/A	+20.78%
2016	N/A	+13.59%
2015	N/A	+1.31%
2014	N/A	+14.56%
2013	N/A	+29.00%
2012	N/A	+14.17%
2011	N/A	+0.85%
2010	N/A	+13.14%
2009	N/A	+22.67%
2008	N/A	-36.25%
2007	N/A	+5.32%
2006	N/A	+13.85%
2005	N/A	+5.32%
2004	N/A	+10.75%
2003	N/A	+24.18%
2002	N/A	-22.42%
2001	N/A	-10.13%
2000	N/A	-8.84%
1999	N/A	+8.61%

ULS vs SPY Drawdown Comparison

The maximum drawdown for ULS was -24.34%, occurring on Feb 12, 2026. Recovery took 95 trading sessions.

The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.

The current ULS drawdown is -4.24%.

Rank	ULS	SPY
#1	-24.34% Nov 28, 2025 - Apr 17, 2026	-55.20% Oct 9, 2007 - Aug 16, 2012
#2	-14.40% Jul 30, 2025 - Oct 6, 2025	-47.50% Mar 24, 2000 - Oct 26, 2006
#3	-13.49% Aug 29, 2024 - Nov 25, 2024	-33.70% Feb 19, 2020 - Aug 10, 2020
#4	-12.01% Feb 13, 2025 - Apr 1, 2025	-24.50% Jan 3, 2022 - Dec 13, 2023
#5	-10.93% Nov 25, 2024 - Feb 5, 2025	-19.34% Sep 20, 2018 - Apr 12, 2019
#6	-8.90% May 23, 2024 - Jun 28, 2024	-18.76% Feb 19, 2025 - Jun 26, 2025
#7	-8.25% Apr 1, 2025 - Apr 24, 2025	-13.02% Jul 20, 2015 - Apr 18, 2016
#8	-5.35% Apr 20, 2026 - May 5, 2026	-10.10% Jan 26, 2018 - Aug 6, 2018
#9	-5.22% May 6, 2026 - May 7, 2026	-9.44% Sep 2, 2020 - Nov 11, 2020
#10	-4.39% Jun 24, 2025 - Jul 7, 2025	-9.30% Jan 19, 2000 - Mar 17, 2000
#11	-4.21% Jul 7, 2025 - Jul 30, 2025	-9.05% Jul 19, 2007 - Oct 5, 2007
#12	-4.06% Apr 15, 2024 - Apr 30, 2024	-8.88% Jan 27, 2026 - Apr 14, 2026
#13	-3.96% Oct 28, 2025 - Nov 4, 2025	-8.41% Jul 16, 2024 - Sep 19, 2024
#14	-3.93% Aug 1, 2024 - Aug 13, 2024	-7.35% Sep 14, 2012 - Jan 2, 2013
#15	-3.93% Oct 8, 2025 - Oct 14, 2025	-7.27% Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between ULS and SPY is 0.92 which considered as a very strong positive correlation - the stocks move almost identically together.

0.92

-101

Dividend Comparison (1999 - 2026)

ULS vs SPY dividend yield comparison.

Year	ULS	SPY
2026	0.14%	0.24%
2025	0.66%	1.07%
2024	0.75%	1.21%
2023	0.00%	1.40%
2022	0.00%	1.65%
2021	0.00%	1.20%
2020	0.00%	1.52%
2019	0.00%	1.75%
2018	0.00%	2.04%
2017	0.00%	1.80%
2016	0.00%	2.03%
2015	0.00%	2.06%
2014	0.00%	1.87%
2013	0.00%	1.81%
2012	0.00%	2.18%
2011	0.00%	2.05%
2010	0.00%	1.80%
2009	0.00%	1.95%
2008	0.00%	3.02%
2007	0.00%	1.85%
2006	0.00%	1.73%
2005	0.00%	1.73%
2004	0.00%	1.82%
2003	0.00%	1.47%
2002	0.00%	1.70%
2001	0.00%	1.25%
2000	0.00%	1.15%
1999	0.00%	0.24%