VRNS vs SPY
Comparison between Varonis Systems Inc (VRNS, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed VRNS, delivering a return of +14.0% compared to -8.0%
VRNS vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Market Cap / Net Assets
VRNS
$3.57B
Winner
SPY
$735B
Expense Ratio
VRNS
N/A
SPY
0.09%
Max Drawdown
VRNS
78.19%
Winner
SPY
56.47%
Sharpe Ratio
VRNS
-0.23
Winner
SPY
1.91
5Y Beta
Winner
VRNS
0.85
SPY
1.00
Industry
VRNS
Software - Infrastructure
SPY
N/A
P/E Ratio
Winner
VRNS
-27.50
SPY
28.68
Forward P/E
VRNS
181.82
Winner
SPY
22.19
PEG Ratio
VRNS
-0.69
SPY
N/A
5Y Dividends CAGR
VRNS
N/A
SPY
5.43%
5Y EPS CAGR
VRNS
2.61%
Winner
SPY
26.37%
Debt to Equity
Winner
VRNS
0.00%
SPY
34.04%
Free Cash Flow Yield
VRNS
3.34%
SPY
N/A
P/S Ratio
VRNS
5.53
Winner
SPY
3.76
P/B Ratio
VRNS
7.54
Winner
SPY
5.55
VRNS vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
Winner
VRNS
+23.36%
SPY
+4.84%
3M
Winner
VRNS
+47.06%
SPY
+9.57%
6M
VRNS
-1.12%
Winner
SPY
+13.79%
1Y
VRNS
-33.70%
Winner
SPY
+29.34%
5Y(CAGR)
VRNS
-8.03%
Winner
SPY
+13.98%
10Y(CAGR)
VRNS
+14.95%
Winner
SPY
+15.66%
Max(CAGR)
VRNS
+6.31%
Winner
SPY
+8.53%
VRNS vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | VRNS | SPY |
|---|---|---|
| 2026 | -3.25% | +9.45% |
| 2025 | -26.03% | +18.00% |
| 2024 | -0.20% | +25.59% |
| 2023 | +88.39% | +26.72% |
| 2022 | -50.80% | -18.64% |
| 2021 | -9.34% | +30.52% |
| 2020 | +109.62% | +17.28% |
| 2019 | +51.19% | +31.09% |
| 2018 | +7.96% | -5.24% |
| 2017 | +78.17% | +20.78% |
| 2016 | +47.49% | +13.59% |
| 2015 | -43.20% | +1.31% |
| 2014 | -25.39% | +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% |
VRNS vs SPY Drawdown Comparison
The maximum drawdown for VRNS was -78.19%, occurring on Nov 4, 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 VRNS drawdown is -57.77%. The current SPY drawdown is -0.34%.
| Rank | VRNS | SPY |
|---|---|---|
| #1 | -78.19% Sep 7, 2021 - Nov 4, 2022 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -74.53% Mar 7, 2014 - Jan 19, 2018 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -44.74% Feb 14, 2020 - Jul 1, 2020 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -40.16% Jun 12, 2018 - Jan 13, 2020 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -38.71% Feb 16, 2021 - Sep 3, 2021 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -14.17% Sep 1, 2020 - Oct 12, 2020 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -10.79% Oct 13, 2020 - Dec 8, 2020 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -8.15% Dec 22, 2020 - Jan 12, 2021 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -7.24% Jul 20, 2020 - Aug 4, 2020 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -6.97% Aug 6, 2020 - Aug 26, 2020 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -6.14% Jan 29, 2018 - Feb 16, 2018 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -5.96% Mar 21, 2018 - Apr 11, 2018 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -5.87% Jun 5, 2018 - Jun 12, 2018 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -4.86% Jan 22, 2021 - Feb 2, 2021 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -4.55% Jan 15, 2020 - Feb 4, 2020 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between VRNS and SPY is 0.74 which considered as a strong positive correlation - the stocks tend to move together.
0.74
-101
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