VNET vs SPY

Comparison between VNET Group Inc (VNET, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceSPY has outperformed VNET, delivering a return of +13.9% compared to -13.8%

VNET vs SPY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	VNET(COMPANY)	SPY(ETF)
Market Cap / Net Assets	$2.88B	$735B
Expense Ratio	N/A	0.09%
Max Drawdown	96.67%	56.47%
Sharpe Ratio	1.07	2.02
5Y Beta	1.68	1.00
Industry	Information Technology Services	N/A
P/E Ratio	-79.93	28.62
Forward P/E	25.19	22.20
5Y Dividends CAGR	N/A	5.43%
5Y EPS CAGR	-47.85%	26.35%
Debt to Equity	271.30%	33.33%
Free Cash Flow Yield	-28.51%	N/A
P/S Ratio	N/A	3.68
P/B Ratio	N/A	5.52

Market Cap / Net Assets

VNET

$2.88B

Winner

SPY

$735B

Expense Ratio

VNET

N/A

SPY

0.09%

Max Drawdown

VNET

96.67%

Winner

SPY

56.47%

Sharpe Ratio

VNET

1.07

Winner

SPY

2.02

5Y Beta

VNET

1.68

Winner

SPY

1.00

Industry

VNET

Information Technology Services

SPY

N/A

P/E Ratio

Winner

VNET

-79.93

SPY

28.62

Forward P/E

VNET

25.19

Winner

SPY

22.20

5Y Dividends CAGR

VNET

N/A

SPY

5.43%

5Y EPS CAGR

VNET

-47.85%

Winner

SPY

26.35%

Debt to Equity

VNET

271.30%

Winner

SPY

33.33%

Free Cash Flow Yield

VNET

-28.51%

SPY

N/A

P/S Ratio

VNET

N/A

SPY

3.68

P/B Ratio

VNET

N/A

SPY

5.52

VNET vs SPY - Historical Returns

Returns include dividend reinvestment.

Period	VNET	SPY
1 month	+21.15%	+4.93%
3 months	-0.65%	+9.70%
6 months	+20.20%	+11.04%
1 year	+77.32%	+28.41%
5 years(CAGR)	-13.78%	+13.90%
10 years(CAGR)	-2.41%	+15.45%
Max(CAGR)	-3.66%	+8.55%

Winner

VNET

+21.15%

SPY

+4.93%

VNET

-0.65%

Winner

SPY

+9.70%

Winner

VNET

+20.20%

SPY

+11.04%

Winner

VNET

+77.32%

SPY

+28.41%

5Y(CAGR)

VNET

-13.78%

Winner

SPY

+13.90%

10Y(CAGR)

VNET

-2.41%

Winner

SPY

+15.45%

Max(CAGR)

VNET

-3.66%

Winner

SPY

+8.55%

VNET vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	VNET	SPY
2026	+17.56%	+10.15%
2025	+67.19%	+18.00%
2024	+75.56%	+25.59%
2023	-51.36%	+26.72%
2022	-37.07%	-18.64%
2021	-73.35%	+30.52%
2020	+354.06%	+17.28%
2019	-15.20%	+31.09%
2018	+2.61%	-5.24%
2017	+12.39%	+20.78%
2016	-66.23%	+13.59%
2015	+36.74%	+1.31%
2014	-33.66%	+14.56%
2013	+142.98%	+29.00%
2012	+3.00%	+14.17%
2011	-51.33%	+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%

VNET vs SPY Drawdown Comparison

The maximum drawdown for VNET was -96.67%, occurring on Feb 5, 2024. 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 VNET drawdown is -74.86%. The current SPY drawdown is -0.02%.

Rank	VNET	SPY
#1	-96.67% Feb 10, 2021 - Feb 5, 2024	-55.20% Oct 9, 2007 - Aug 16, 2012
#2	-86.92% Jul 3, 2014 - Dec 18, 2020	-47.50% Mar 24, 2000 - Oct 26, 2006
#3	-54.79% Apr 21, 2011 - Oct 16, 2013	-33.70% Feb 19, 2020 - Aug 10, 2020
#4	-26.91% Mar 19, 2014 - Jul 3, 2014	-24.50% Jan 3, 2022 - Dec 13, 2023
#5	-18.54% Nov 18, 2013 - Dec 18, 2013	-19.34% Sep 20, 2018 - Apr 12, 2019
#6	-17.27% Oct 21, 2013 - Nov 18, 2013	-18.76% Feb 19, 2025 - Jun 26, 2025
#7	-16.25% Jan 25, 2021 - Feb 8, 2021	-13.02% Jul 20, 2015 - Apr 18, 2016
#8	-13.29% Jan 16, 2014 - Feb 13, 2014	-10.10% Jan 26, 2018 - Aug 6, 2018
#9	-9.14% Mar 4, 2014 - Mar 18, 2014	-9.44% Sep 2, 2020 - Nov 11, 2020
#10	-7.31% Dec 31, 2013 - Jan 16, 2014	-9.30% Jan 19, 2000 - Mar 17, 2000
#11	-5.49% Feb 20, 2014 - Mar 4, 2014	-9.05% Jul 19, 2007 - Oct 5, 2007
#12	-3.28% Jan 20, 2021 - Jan 22, 2021	-8.88% Jan 27, 2026 - Apr 14, 2026
#13	-2.81% Dec 30, 2020 - Jan 7, 2021	-8.41% Jul 16, 2024 - Sep 19, 2024
#14	-2.74% Dec 22, 2020 - Dec 29, 2020	-7.35% Sep 14, 2012 - Jan 2, 2013
#15	-2.45% Dec 24, 2013 - Dec 31, 2013	-7.27% Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between VNET and SPY is -0.32 which considered as a weak negative correlation - the stocks show a slight tendency to move in opposite directions.

-0.32

-101