VIAV vs SPY

Comparison between Viavi Solutions Inc (VIAV, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceVIAV has outperformed SPY, delivering a return of +25.6% compared to +13.3%

VIAV vs SPY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	VIAV(COMPANY)	SPY(ETF)
Market Cap / Net Assets	$12B	$652B
Expense Ratio	N/A	0.09%
Max Drawdown	62.88%	56.47%
Sharpe Ratio	3.25	2.07
5Y Beta	1.14	1.00
Industry	Communication Equipment	N/A
P/E Ratio	-219.95	28.24
Forward P/E	42.37	21.85
PEG Ratio	1.34	N/A
5Y Dividends CAGR	N/A	5.43%
5Y EPS CAGR	N/A	25.79%
Debt to Equity	127.68%	22.35%
Free Cash Flow Yield	0.37%	N/A
P/S Ratio	9.08	3.55
P/B Ratio	14.65	5.29

Market Cap / Net Assets

VIAV

$12B

Winner

SPY

$652B

Expense Ratio

VIAV

N/A

SPY

0.09%

Max Drawdown

VIAV

62.88%

Winner

SPY

56.47%

Sharpe Ratio

Winner

VIAV

3.25

SPY

2.07

5Y Beta

VIAV

1.14

Winner

SPY

1.00

Industry

VIAV

Communication Equipment

SPY

N/A

P/E Ratio

Winner

VIAV

-219.95

SPY

28.24

Forward P/E

VIAV

42.37

Winner

SPY

21.85

PEG Ratio

VIAV

1.34

SPY

N/A

5Y Dividends CAGR

VIAV

N/A

SPY

5.43%

5Y EPS CAGR

VIAV

N/A

SPY

25.79%

Debt to Equity

VIAV

127.68%

Winner

SPY

22.35%

Free Cash Flow Yield

VIAV

0.37%

SPY

N/A

P/S Ratio

VIAV

9.08

Winner

SPY

3.55

P/B Ratio

VIAV

14.65

Winner

SPY

5.29

VIAV vs SPY - Historical Returns

Returns include dividend reinvestment.

Period	VIAV	SPY
1 month	+23.67%	+9.11%
3 months	+85.41%	+6.59%
6 months	+187.54%	+10.56%
1 year	+458.45%	+32.04%
5 years(CAGR)	+25.62%	+13.35%
10 years(CAGR)	+23.40%	+15.49%
Max(CAGR)	+21.61%	+8.50%

Winner

VIAV

+23.67%

SPY

+9.11%

Winner

VIAV

+85.41%

SPY

+6.59%

Winner

VIAV

+187.54%

SPY

+10.56%

Winner

VIAV

+458.45%

SPY

+32.04%

5Y(CAGR)

Winner

VIAV

+25.62%

SPY

+13.35%

10Y(CAGR)

Winner

VIAV

+23.40%

SPY

+15.49%

Max(CAGR)

Winner

VIAV

+21.61%

SPY

+8.50%

VIAV vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	VIAV	SPY
2026	+182.15%	+8.27%
2025	+76.44%	+18.00%
2024	+0.90%	+25.59%
2023	-5.53%	+26.72%
2022	-41.05%	-18.64%
2021	+19.54%	+30.52%
2020	-2.16%	+17.28%
2019	+51.06%	+31.09%
2018	+12.17%	-5.24%
2017	+4.55%	+20.78%
2016	+34.32%	+13.59%
2015	-2.40%	+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%

VIAV vs SPY Drawdown Comparison

The maximum drawdown for VIAV was -62.88%, occurring on Jun 26, 2024. Recovery took 1098 trading sessions.

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

The current VIAV drawdown is -7.45%.

Rank	VIAV	SPY
#1	-62.88% Jun 28, 2021 - Nov 10, 2025	-55.20% Oct 9, 2007 - Aug 16, 2012
#2	-44.13% Nov 1, 2019 - Jan 20, 2021	-47.50% Mar 24, 2000 - Oct 26, 2006
#3	-27.79% May 12, 2017 - Oct 1, 2018	-33.70% Feb 19, 2020 - Aug 10, 2020
#4	-27.57% Nov 6, 2015 - Feb 26, 2016	-24.50% Jan 3, 2022 - Dec 13, 2023
#5	-26.49% Oct 3, 2018 - Feb 15, 2019	-19.34% Sep 20, 2018 - Apr 12, 2019
#6	-21.13% Mar 2, 2026 - Mar 24, 2026	-18.76% Feb 19, 2025 - Jun 26, 2025
#7	-17.65% Aug 5, 2015 - Nov 3, 2015	-13.02% Jul 20, 2015 - Apr 18, 2016
#8	-14.65% Mar 25, 2026 - Apr 7, 2026	-10.10% Jan 26, 2018 - Aug 6, 2018
#9	-13.16% May 6, 2019 - Jul 1, 2019	-9.44% Sep 2, 2020 - Nov 11, 2020
#10	-13.04% Mar 27, 2017 - May 5, 2017	-9.30% Jan 19, 2000 - Mar 17, 2000
#11	-12.57% Dec 11, 2025 - Jan 26, 2026	-9.05% Jul 19, 2007 - Oct 5, 2007
#12	-12.33% Nov 10, 2025 - Dec 5, 2025	-8.88% Jan 27, 2026 - Apr 14, 2026
#13	-11.24% Apr 1, 2016 - Jun 10, 2016	-8.41% Jul 16, 2024 - Sep 19, 2024
#14	-10.41% Feb 15, 2017 - Mar 20, 2017	-7.35% Sep 14, 2012 - Jan 2, 2013
#15	-10.00% Sep 11, 2019 - Oct 21, 2019	-7.27% Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between VIAV and SPY is 0.51 which considered as a moderate positive correlation - the stocks show some tendency to move together.

0.51

-101

Dividend Comparison (1999 - 2026)

VIAV vs SPY dividend yield comparison.

Year	VIAV	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	77.01%	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%