ULTA vs SPY
Comparison between Ulta Beauty Inc (ULTA, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed ULTA, delivering a return of +13.3% compared to +10.1%
ULTA vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Market Cap / Net Assets
ULTA
$24B
Winner
SPY
$652B
Expense Ratio
ULTA
N/A
SPY
0.09%
Max Drawdown
ULTA
87.89%
Winner
SPY
56.47%
Sharpe Ratio
ULTA
0.89
Winner
SPY
2.07
5Y Beta
Winner
ULTA
0.88
SPY
1.00
Industry
ULTA
Specialty Retail
SPY
N/A
P/E Ratio
Winner
ULTA
20.70
SPY
28.24
Forward P/E
Winner
ULTA
18.73
SPY
21.85
PEG Ratio
ULTA
25.31
SPY
N/A
5Y Dividends CAGR
ULTA
N/A
SPY
5.43%
5Y EPS CAGR
Winner
ULTA
52.59%
SPY
25.79%
Debt to Equity
Winner
ULTA
2.22%
SPY
22.35%
Free Cash Flow Yield
ULTA
4.52%
SPY
N/A
P/S Ratio
Winner
ULTA
1.89
SPY
3.55
P/B Ratio
ULTA
8.27
Winner
SPY
5.29
ULTA vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
ULTA
-2.11%
Winner
SPY
+9.11%
3M
ULTA
-25.09%
Winner
SPY
+6.59%
6M
ULTA
+0.73%
Winner
SPY
+10.56%
1Y
Winner
ULTA
+34.34%
SPY
+32.04%
5Y(CAGR)
ULTA
+10.07%
Winner
SPY
+13.35%
10Y(CAGR)
ULTA
+9.61%
Winner
SPY
+15.49%
Max(CAGR)
Winner
ULTA
+16.77%
SPY
+8.50%
ULTA vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | ULTA | SPY |
|---|---|---|
| 2026 | -15.88% | +8.27% |
| 2025 | +40.98% | +18.00% |
| 2024 | -10.62% | +25.59% |
| 2023 | +3.89% | +26.72% |
| 2022 | +13.51% | -18.64% |
| 2021 | +45.98% | +30.52% |
| 2020 | +12.81% | +17.28% |
| 2019 | +2.08% | +31.09% |
| 2018 | +6.62% | -5.24% |
| 2017 | -12.86% | +20.78% |
| 2016 | +40.22% | +13.59% |
| 2015 | +45.85% | +1.31% |
| 2014 | +33.29% | +14.56% |
| 2013 | -4.93% | +29.00% |
| 2012 | +55.02% | +14.17% |
| 2011 | +89.16% | +0.85% |
| 2010 | +80.37% | +13.14% |
| 2009 | +118.80% | +22.67% |
| 2008 | -49.97% | -36.25% |
| 2007 | -42.49% | +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% |
ULTA vs SPY Drawdown Comparison
The maximum drawdown for ULTA was -87.89%, occurring on Mar 9, 2009. Recovery took 778 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current ULTA drawdown is -26.21%.
| Rank | ULTA | SPY |
|---|---|---|
| #1 | -87.89% Oct 30, 2007 - Dec 1, 2010 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -64.92% Jul 17, 2019 - Aug 11, 2021 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -44.56% Mar 13, 2024 - Dec 5, 2025 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -39.39% Jun 5, 2017 - Nov 13, 2018 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -38.46% Nov 5, 2013 - Jan 8, 2015 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -32.57% Apr 28, 2023 - Feb 26, 2024 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -28.84% Jul 8, 2011 - Sep 12, 2011 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -27.83% Feb 17, 2026 - Mar 30, 2026 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -27.48% Jan 3, 2013 - Aug 2, 2013 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -27.11% Nov 13, 2018 - Mar 1, 2019 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -20.70% Apr 20, 2022 - Sep 7, 2022 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -19.86% Dec 16, 2015 - Mar 11, 2016 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -17.30% Aug 23, 2016 - Feb 21, 2017 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -16.55% Jan 4, 2022 - Apr 19, 2022 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -15.84% Sep 19, 2011 - Nov 4, 2011 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between ULTA 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)
ULTA vs SPY dividend yield comparison.
| Year | ULTA | SPY |
|---|---|---|
| 2026 | 0.00% | 0.24% |
| 2025 | 0.00% | 1.07% |
| 2024 | 0.00% | 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 | 1.02% | 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% |
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