VIPS vs SPY

Comparison between Vipshop Holdings Ltd (VIPS, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceSPY has outperformed VIPS, delivering a return of +13.7% compared to -9.3%

VIPS vs SPY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	VIPS(COMPANY)	SPY(ETF)
Market Cap / Net Assets	$7.58B	$735B
Expense Ratio	N/A	0.09%
Max Drawdown	86.75%	56.47%
Sharpe Ratio	-0.00	1.76
5Y Beta	0.60	1.00
Industry	Internet Retail	N/A
P/E Ratio	6.75	28.46
Forward P/E	5.67	21.99
PEG Ratio	0.41	N/A
Dividend Yield	4.38%	N/A
5Y Dividends CAGR	N/A	5.43%
5Y EPS CAGR	8.88%	25.20%
Debt to Equity	15.74%	33.33%
Free Cash Flow Yield	0.00%	N/A
P/S Ratio	0.07	3.65
P/B Ratio	1.15	5.50

Market Cap / Net Assets

VIPS

$7.58B

Winner

SPY

$735B

Expense Ratio

VIPS

N/A

SPY

0.09%

Max Drawdown

VIPS

86.75%

Winner

SPY

56.47%

Sharpe Ratio

VIPS

-0.00

Winner

SPY

1.76

5Y Beta

Winner

VIPS

0.60

SPY

1.00

Industry

VIPS

Internet Retail

SPY

N/A

P/E Ratio

Winner

VIPS

6.75

SPY

28.46

Forward P/E

Winner

VIPS

5.67

SPY

21.99

PEG Ratio

VIPS

0.41

SPY

N/A

Dividend Yield

VIPS

4.38%

SPY

N/A

5Y Dividends CAGR

VIPS

N/A

SPY

5.43%

5Y EPS CAGR

VIPS

8.88%

Winner

SPY

25.20%

Debt to Equity

Winner

VIPS

15.74%

SPY

33.33%

Free Cash Flow Yield

VIPS

0.00%

SPY

N/A

P/S Ratio

Winner

VIPS

0.07

SPY

3.65

P/B Ratio

Winner

VIPS

1.15

SPY

5.50

VIPS vs SPY - Historical Returns

Returns include dividend reinvestment.

Period	VIPS	SPY
1 month	-7.55%	+5.60%
3 months	-17.14%	+8.72%
6 months	-25.12%	+10.63%
1 year	+0.24%	+26.62%
5 years(CAGR)	-9.33%	+13.70%
10 years(CAGR)	+2.20%	+15.47%
Max(CAGR)	+26.60%	+8.50%

VIPS

-7.55%

Winner

SPY

+5.60%

VIPS

-17.14%

Winner

SPY

+8.72%

VIPS

-25.12%

Winner

SPY

+10.63%

VIPS

+0.24%

Winner

SPY

+26.62%

5Y(CAGR)

VIPS

-9.33%

Winner

SPY

+13.70%

10Y(CAGR)

VIPS

+2.20%

Winner

SPY

+15.47%

Max(CAGR)

Winner

VIPS

+26.60%

SPY

+8.50%

VIPS vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	VIPS	SPY
2026	-17.93%	+8.50%
2025	+40.52%	+18.00%
2024	-20.52%	+25.59%
2023	+23.59%	+26.72%
2022	+62.96%	-18.64%
2021	-70.32%	+30.52%
2020	+89.93%	+17.28%
2019	+160.00%	+31.09%
2018	-56.32%	-5.24%
2017	+4.36%	+20.78%
2016	-21.64%	+13.59%
2015	-25.51%	+1.31%
2014	+124.65%	+14.56%
2013	+406.54%	+29.00%
2012	+224.36%	+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%

VIPS vs SPY Drawdown Comparison

The maximum drawdown for VIPS was -86.75%, occurring on Mar 14, 2022. 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 VIPS drawdown is -66.07%. The current SPY drawdown is -1.20%.

Rank	VIPS	SPY
#1	-86.75% Mar 23, 2021 - Mar 14, 2022	-55.20% Oct 9, 2007 - Aug 16, 2012
#2	-85.00% Apr 10, 2015 - Jan 8, 2021	-47.50% Mar 24, 2000 - Oct 26, 2006
#3	-30.17% May 21, 2013 - Jul 18, 2013	-33.70% Feb 19, 2020 - Aug 10, 2020
#4	-27.06% Mar 6, 2014 - Jun 6, 2014	-24.50% Jan 3, 2022 - Dec 13, 2023
#5	-25.55% Aug 13, 2014 - Oct 31, 2014	-19.34% Sep 20, 2018 - Apr 12, 2019
#6	-22.55% Mar 23, 2012 - Apr 18, 2012	-18.76% Feb 19, 2025 - Jun 26, 2025
#7	-22.46% Jul 5, 2012 - Sep 19, 2012	-13.02% Jul 20, 2015 - Apr 18, 2016
#8	-22.40% Nov 11, 2014 - Feb 17, 2015	-10.10% Jan 26, 2018 - Aug 6, 2018
#9	-22.09% Apr 24, 2012 - Jun 19, 2012	-9.44% Sep 2, 2020 - Nov 11, 2020
#10	-21.79% Aug 9, 2013 - Sep 18, 2013	-9.30% Jan 19, 2000 - Mar 17, 2000
#11	-17.12% Feb 25, 2013 - Mar 15, 2013	-9.05% Jul 19, 2007 - Oct 5, 2007
#12	-17.10% Jan 24, 2013 - Feb 7, 2013	-8.88% Jan 27, 2026 - Apr 14, 2026
#13	-16.15% Oct 18, 2013 - Nov 4, 2013	-8.41% Jul 16, 2024 - Sep 19, 2024
#14	-13.60% Apr 5, 2013 - May 1, 2013	-7.35% Sep 14, 2012 - Jan 2, 2013
#15	-13.06% Nov 13, 2013 - Jan 7, 2014	-7.27% Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between VIPS and SPY is 0.33 which considered as a weak positive correlation - the stocks show a slight tendency to move together.

0.33

-101

Dividend Comparison (1999 - 2026)

VIPS vs SPY dividend yield comparison.

Year	VIPS	SPY
2026	4.44%	0.24%
2025	2.71%	1.07%
2024	3.19%	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%