VLYPP vs SPY

Comparison between Valley National Bancorp 625 FixedtoFloating Rate Series A NonCumulative Perpetual Preferred Stock (VLYPP, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceSPY has outperformed VLYPP, delivering a return of +13.9% compared to +4.8%

VLYPP vs SPY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	VLYPP(COMPANY)	SPY(ETF)
Market Cap / Net Assets	$3.11B	$735B
Expense Ratio	N/A	0.09%
Max Drawdown	55.80%	56.47%
Sharpe Ratio	0.68	1.91
5Y Beta	0.22	1.00
Industry	Banks - Regional	N/A
P/E Ratio	22.59	28.68
Forward P/E	N/A	22.19
Dividend Yield	1.74%	N/A
5Y Dividends CAGR	8.21%	5.43%
5Y EPS CAGR	N/A	26.37%
Debt to Equity	N/A	34.04%
P/S Ratio	1.69	3.76
P/B Ratio	N/A	5.55

Market Cap / Net Assets

VLYPP

$3.11B

Winner

SPY

$735B

Expense Ratio

VLYPP

N/A

SPY

0.09%

Max Drawdown

Winner

VLYPP

55.80%

SPY

56.47%

Sharpe Ratio

VLYPP

0.68

Winner

SPY

1.91

5Y Beta

Winner

VLYPP

0.22

SPY

1.00

Industry

VLYPP

Banks - Regional

SPY

N/A

P/E Ratio

Winner

VLYPP

22.59

SPY

28.68

Forward P/E

VLYPP

N/A

SPY

22.19

Dividend Yield

VLYPP

1.74%

SPY

N/A

5Y Dividends CAGR

Winner

VLYPP

8.21%

SPY

5.43%

5Y EPS CAGR

VLYPP

N/A

SPY

26.37%

Debt to Equity

VLYPP

N/A

SPY

34.04%

P/S Ratio

Winner

VLYPP

1.69

SPY

3.76

P/B Ratio

VLYPP

N/A

SPY

5.55

VLYPP vs SPY - Historical Returns

Returns include dividend reinvestment.

Period	VLYPP	SPY
1 month	+0.04%	+4.95%
3 months	+0.66%	+9.19%
6 months	+3.37%	+11.06%
1 year	+8.01%	+28.43%
5 years(CAGR)	+4.84%	+13.92%
10 years(CAGR)	+5.31%	+15.50%
Max(CAGR)	+6.50%	+8.55%

VLYPP

+0.04%

Winner

SPY

+4.95%

VLYPP

+0.66%

Winner

SPY

+9.19%

VLYPP

+3.37%

Winner

SPY

+11.06%

VLYPP

+8.01%

Winner

SPY

+28.43%

5Y(CAGR)

VLYPP

+4.84%

Winner

SPY

+13.92%

10Y(CAGR)

VLYPP

+5.31%

Winner

SPY

+15.50%

Max(CAGR)

VLYPP

+6.50%

Winner

SPY

+8.55%

VLYPP vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	VLYPP	SPY
2026	+1.49%	+10.17%
2025	+8.29%	+18.00%
2024	+38.43%	+25.59%
2023	-13.05%	+26.72%
2022	-12.81%	-18.64%
2021	+11.90%	+30.52%
2020	+5.65%	+17.28%
2019	+23.56%	+31.09%
2018	-6.90%	-5.24%
2017	+13.82%	+20.78%
2016	-1.07%	+13.59%
2015	+13.76%	+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%

VLYPP vs SPY Drawdown Comparison

The maximum drawdown for VLYPP was -49.83%, occurring on May 11, 2023. Recovery took 790 trading sessions.

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

The current VLYPP drawdown is -0.71%.

Rank	VLYPP	SPY
#1	-49.83% Aug 3, 2021 - Sep 24, 2024	-55.20% Oct 9, 2007 - Aug 16, 2012
#2	-45.07% Sep 20, 2019 - Dec 9, 2020	-47.50% Mar 24, 2000 - Oct 26, 2006
#3	-23.33% Jul 10, 2017 - Jun 7, 2019	-33.70% Feb 19, 2020 - Aug 10, 2020
#4	-15.84% Sep 7, 2016 - May 26, 2017	-24.50% Jan 3, 2022 - Dec 13, 2023
#5	-11.40% Dec 31, 2024 - Jul 1, 2025	-19.34% Sep 20, 2018 - Apr 12, 2019
#6	-10.48% Dec 15, 2020 - Jun 1, 2021	-18.76% Feb 19, 2025 - Jun 26, 2025
#7	-8.35% Jan 6, 2016 - Mar 28, 2016	-13.02% Jul 20, 2015 - Apr 18, 2016
#8	-5.39% Apr 12, 2016 - May 31, 2016	-10.10% Jan 26, 2018 - Aug 6, 2018
#9	-5.03% Jun 10, 2021 - Jul 28, 2021	-9.44% Sep 2, 2020 - Nov 11, 2020
#10	-4.99% Sep 4, 2019 - Sep 19, 2019	-9.30% Jan 19, 2000 - Mar 17, 2000
#11	-4.76% Jun 7, 2019 - Aug 1, 2019	-9.05% Jul 19, 2007 - Oct 5, 2007
#12	-4.44% Mar 30, 2016 - Apr 8, 2016	-8.88% Jan 27, 2026 - Apr 14, 2026
#13	-3.27% Nov 27, 2015 - Dec 28, 2015	-8.41% Jul 16, 2024 - Sep 19, 2024
#14	-2.87% Jun 4, 2021 - Jun 10, 2021	-7.35% Sep 14, 2012 - Jan 2, 2013
#15	-2.87% Oct 14, 2024 - Nov 29, 2024	-7.27% Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between VLYPP and SPY is 0.87 which considered as a strong positive correlation - the stocks tend to move together.

0.87

-101

Dividend Comparison (1999 - 2026)

VLYPP vs SPY dividend yield comparison.

Year	VLYPP	SPY
2026	1.93%	0.24%
2025	7.24%	1.07%
2024	6.08%	1.21%
2023	7.96%	1.40%
2022	6.42%	1.65%
2021	5.18%	1.20%
2020	5.51%	1.52%
2019	5.55%	1.75%
2018	6.51%	2.04%
2017	5.63%	1.80%
2016	6.03%	2.03%
2015	3.03%	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%