WAT vs SPY
Comparison between Waters Corp (WAT, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed WAT, delivering a return of +13.3% compared to +2.4%
WAT vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Market Cap / Net Assets
WAT
$42B
Winner
SPY
$652B
Expense Ratio
WAT
N/A
SPY
0.09%
Max Drawdown
WAT
80.12%
Winner
SPY
56.47%
Sharpe Ratio
WAT
0.17
Winner
SPY
2.07
5Y Beta
Winner
WAT
0.97
SPY
1.00
Industry
WAT
Diagnostics & Research
SPY
N/A
P/E Ratio
WAT
176.16
Winner
SPY
28.24
Forward P/E
WAT
24.33
Winner
SPY
21.85
PEG Ratio
WAT
15.57
SPY
N/A
5Y Dividends CAGR
WAT
N/A
SPY
5.43%
5Y EPS CAGR
WAT
1.39%
Winner
SPY
25.79%
Debt to Equity
WAT
36.99%
Winner
SPY
22.35%
Free Cash Flow Yield
WAT
1.57%
SPY
N/A
P/S Ratio
WAT
9.10
Winner
SPY
3.55
P/B Ratio
WAT
11.57
Winner
SPY
5.29
WAT vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
Winner
WAT
+11.49%
SPY
+9.11%
3M
Winner
WAT
+8.23%
SPY
+6.59%
6M
WAT
-4.46%
Winner
SPY
+10.56%
1Y
WAT
+1.21%
Winner
SPY
+32.04%
5Y(CAGR)
WAT
+2.45%
Winner
SPY
+13.35%
10Y(CAGR)
WAT
+10.27%
Winner
SPY
+15.49%
Max(CAGR)
Winner
WAT
+10.48%
SPY
+8.50%
WAT vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | WAT | SPY |
|---|---|---|
| 2026 | -7.02% | +8.27% |
| 2025 | +3.14% | +18.00% |
| 2024 | +12.89% | +25.59% |
| 2023 | -4.73% | +26.72% |
| 2022 | -6.04% | -18.64% |
| 2021 | +48.95% | +30.52% |
| 2020 | +5.26% | +17.28% |
| 2019 | +27.39% | +31.09% |
| 2018 | -3.60% | -5.24% |
| 2017 | +41.60% | +20.78% |
| 2016 | +3.10% | +13.59% |
| 2015 | +18.18% | +1.31% |
| 2014 | +13.61% | +14.56% |
| 2013 | +12.73% | +29.00% |
| 2012 | +14.72% | +14.17% |
| 2011 | -5.19% | +0.85% |
| 2010 | +26.09% | +13.14% |
| 2009 | +62.67% | +22.67% |
| 2008 | -52.25% | -36.25% |
| 2007 | +61.76% | +5.32% |
| 2006 | +28.53% | +13.85% |
| 2005 | -17.41% | +5.32% |
| 2004 | +41.27% | +10.75% |
| 2003 | +50.59% | +24.18% |
| 2002 | -43.79% | -22.42% |
| 2001 | -50.87% | -10.13% |
| 2000 | +224.27% | -8.84% |
| 1999 | +4.83% | +8.61% |
WAT vs SPY Drawdown Comparison
The maximum drawdown for WAT was -80.12%, occurring on Jul 22, 2002. Recovery took 2656 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current WAT drawdown is -16.38%.
| Rank | WAT | SPY |
|---|---|---|
| #1 | -80.12% Sep 28, 2000 - Apr 21, 2011 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -44.27% Sep 8, 2021 - Oct 30, 2023 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -35.86% Apr 8, 2019 - Jan 5, 2021 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -28.07% May 19, 2011 - Jun 17, 2013 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -27.49% Mar 6, 2000 - Jun 2, 2000 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -20.65% Jan 29, 2018 - Jan 23, 2019 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -19.26% Jul 12, 2000 - Aug 21, 2000 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -17.37% Aug 23, 2016 - Apr 25, 2017 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -17.28% Feb 20, 2014 - Nov 20, 2014 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -16.98% Dec 31, 1999 - Jan 25, 2000 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -16.76% Jun 18, 2015 - Apr 18, 2016 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -13.96% Nov 1, 1999 - Dec 29, 1999 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -13.28% Aug 28, 2000 - Sep 25, 2000 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -11.58% Sep 26, 2013 - Jan 28, 2014 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -10.25% Feb 17, 2000 - Feb 25, 2000 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between WAT and SPY is 0.95 which considered as a very strong positive correlation - the stocks move almost identically together.
0.95
-101
Select Stocks to Compare
Popular: WAT vs SPY
More Comparisons
Compare with similar stocks