VNO vs SPY
Comparison between Vornado Realty Trust (VNO, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed VNO, delivering a return of +13.8% compared to -4.7%
VNO vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
VNO vs SPY - Historical Returns
Returns include dividend reinvestment.
VNO vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | VNO | SPY |
|---|---|---|
| 2026 | -9.36% | +7.70% |
| 2025 | -20.19% | +18.00% |
| 2024 | +48.89% | +25.59% |
| 2023 | +37.78% | +26.72% |
| 2022 | -49.06% | -18.64% |
| 2021 | +19.90% | +30.52% |
| 2020 | -39.56% | +17.28% |
| 2019 | +18.09% | +31.09% |
| 2018 | -16.85% | -5.24% |
| 2017 | -4.86% | +20.78% |
| 2016 | +8.95% | +13.59% |
| 2015 | -5.23% | +1.31% |
| 2014 | +36.63% | +14.56% |
| 2013 | +13.50% | +29.00% |
| 2012 | +7.95% | +14.17% |
| 2011 | -6.98% | +0.85% |
| 2010 | +22.79% | +13.14% |
| 2009 | +27.40% | +22.67% |
| 2008 | -28.17% | -36.25% |
| 2007 | -25.58% | +5.32% |
| 2006 | +46.26% | +13.85% |
| 2005 | +15.35% | +5.32% |
| 2004 | +47.47% | +10.75% |
| 2003 | +57.48% | +24.18% |
| 2002 | -5.42% | -22.42% |
| 2001 | +18.17% | -10.13% |
| 2000 | +19.52% | -8.84% |
| 1999 | +2.66% | +8.61% |
VNO vs SPY Drawdown Comparison
The maximum drawdown for VNO was -80.96%, occurring on May 16, 2023. 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 VNO drawdown is -51.09%. The current SPY drawdown is -1.93%.
| Rank | VNO | SPY |
|---|---|---|
| #1 | -80.96% Feb 21, 2017 - May 16, 2023 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -76.80% Feb 7, 2007 - May 1, 2014 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -27.88% Jan 26, 2015 - Feb 14, 2017 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -24.25% Apr 12, 2002 - Jun 6, 2003 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -19.90% Apr 1, 2004 - Aug 4, 2004 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -17.37% Aug 1, 2000 - Jun 18, 2001 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -14.28% Jan 10, 2000 - Apr 11, 2000 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -11.25% Aug 2, 2005 - Nov 25, 2005 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -9.62% Dec 30, 2004 - Apr 28, 2005 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -9.62% Aug 23, 2001 - Dec 19, 2001 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -8.98% Mar 17, 2006 - Jul 3, 2006 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -8.87% Jun 5, 2014 - Oct 27, 2014 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -8.77% Dec 4, 2006 - Feb 7, 2007 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -8.11% Nov 5, 1999 - Dec 29, 1999 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -5.21% Sep 7, 2004 - Oct 14, 2004 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between VNO and SPY is 0.20 which considered as a very weak or no correlation - the stocks move independently of each other.
Dividend Comparison (1999 - 2026)
VNO vs SPY dividend yield comparison.
| Year | VNO | SPY |
|---|---|---|
| 2026 | 0.00% | 0.24% |
| 2025 | 2.22% | 1.07% |
| 2024 | 1.76% | 1.21% |
| 2023 | 2.39% | 1.40% |
| 2022 | 10.19% | 1.65% |
| 2021 | 5.06% | 1.20% |
| 2020 | 6.37% | 1.52% |
| 2019 | 6.90% | 1.75% |
| 2018 | 4.06% | 2.04% |
| 2017 | 3.00% | 1.80% |
| 2016 | 2.41% | 2.03% |
| 2015 | 14.41% | 2.06% |
| 2014 | 2.48% | 1.87% |
| 2013 | 3.29% | 1.81% |
| 2012 | 4.46% | 2.18% |
| 2011 | 3.59% | 2.05% |
| 2010 | 2.91% | 1.80% |
| 2009 | 4.58% | 1.95% |
| 2008 | 6.05% | 3.02% |
| 2007 | 3.92% | 1.85% |
| 2006 | 2.94% | 1.73% |
| 2005 | 4.67% | 1.73% |
| 2004 | 4.01% | 1.82% |
| 2003 | 5.31% | 1.47% |
| 2002 | 7.15% | 1.70% |
| 2001 | 6.32% | 1.25% |
| 2000 | 3.76% | 1.15% |
| 1999 | 1.08% | 0.24% |
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