WBD vs SPY

Comparison between Warner Bros. Discovery Inc - Class A (WBD, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceSPY has outperformed WBD, delivering a return of +13.3% compared to -6.3%

WBD vs SPY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	WBD(COMPANY)	SPY(ETF)
Market Cap / Net Assets	$68B	$652B
Expense Ratio	N/A	0.09%
Max Drawdown	92.58%	56.47%
Sharpe Ratio	2.55	2.07
5Y Beta	1.36	1.00
Industry	Entertainment	N/A
P/E Ratio	-39.64	28.24
Forward P/E	2500.00	21.85
PEG Ratio	216.92	N/A
5Y Dividends CAGR	87.18%	5.43%
5Y EPS CAGR	N/A	25.79%
Debt to Equity	104.24%	22.35%
Free Cash Flow Yield	3.39%	N/A
P/S Ratio	1.83	3.55
P/B Ratio	1.90	5.29

Market Cap / Net Assets

WBD

$68B

Winner

SPY

$652B

Expense Ratio

WBD

N/A

SPY

0.09%

Max Drawdown

WBD

92.58%

Winner

SPY

56.47%

Sharpe Ratio

Winner

WBD

2.55

SPY

2.07

5Y Beta

WBD

1.36

Winner

SPY

1.00

Industry

WBD

Entertainment

SPY

N/A

P/E Ratio

Winner

WBD

-39.64

SPY

28.24

Forward P/E

WBD

2500.00

Winner

SPY

21.85

PEG Ratio

WBD

216.92

SPY

N/A

5Y Dividends CAGR

Winner

WBD

87.18%

SPY

5.43%

5Y EPS CAGR

WBD

N/A

SPY

25.79%

Debt to Equity

WBD

104.24%

Winner

SPY

22.35%

Free Cash Flow Yield

WBD

3.39%

SPY

N/A

P/S Ratio

Winner

WBD

1.83

SPY

3.55

P/B Ratio

Winner

WBD

1.90

SPY

5.29

WBD vs SPY - Historical Returns

Returns include dividend reinvestment.

Period	WBD	SPY
1 month	-1.60%	+9.11%
3 months	-0.37%	+6.59%
6 months	+19.59%	+10.56%
1 year	+200.89%	+32.04%
5 years(CAGR)	-6.31%	+13.35%
10 years(CAGR)	-0.38%	+15.49%
Max(CAGR)	+6.73%	+8.50%

WBD

-1.60%

Winner

SPY

+9.11%

WBD

-0.37%

Winner

SPY

+6.59%

Winner

WBD

+19.59%

SPY

+10.56%

Winner

WBD

+200.89%

SPY

+32.04%

5Y(CAGR)

WBD

-6.31%

Winner

SPY

+13.35%

10Y(CAGR)

WBD

-0.38%

Winner

SPY

+15.49%

Max(CAGR)

WBD

+6.73%

Winner

SPY

+8.50%

WBD vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	WBD	SPY
2026	-4.91%	+8.27%
2025	+170.36%	+18.00%
2024	-9.35%	+25.59%
2023	+19.29%	+26.72%
2022	-62.57%	-18.64%
2021	-23.15%	+30.52%
2020	-6.61%	+17.28%
2019	+26.75%	+31.09%
2018	+7.05%	-5.24%
2017	-19.96%	+20.78%
2016	+3.79%	+13.59%
2015	-22.62%	+1.31%
2014	-24.53%	+14.56%
2013	+38.09%	+29.00%
2012	+55.32%	+14.17%
2011	-2.48%	+0.85%
2010	+34.52%	+13.14%
2009	+109.35%	+22.67%
2008	-35.86%	-36.25%
2007	+52.46%	+5.32%
2006	+6.56%	+13.85%
2005	-0.98%	+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%

WBD vs SPY Drawdown Comparison

The maximum drawdown for WBD was -91.32%, occurring on Aug 12, 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 WBD drawdown is -64.92%.

Rank	WBD	SPY
#1	-91.32% Mar 19, 2021 - Aug 12, 2024	-55.20% Oct 9, 2007 - Aug 16, 2012
#2	-64.87% Dec 30, 2013 - Feb 12, 2021	-47.50% Mar 24, 2000 - Oct 26, 2006
#3	-60.56% Oct 5, 2007 - Aug 25, 2009	-33.70% Feb 19, 2020 - Aug 10, 2020
#4	-23.37% May 19, 2011 - Feb 15, 2012	-24.50% Jan 3, 2022 - Dec 13, 2023
#5	-17.96% Jul 12, 2005 - Dec 11, 2006	-19.34% Sep 20, 2018 - Apr 12, 2019
#6	-14.95% Jan 8, 2010 - Mar 22, 2010	-18.76% Feb 19, 2025 - Jun 26, 2025
#7	-14.25% Oct 28, 2010 - May 18, 2011	-13.02% Jul 20, 2015 - Apr 18, 2016
#8	-14.08% Aug 8, 2007 - Sep 11, 2007	-10.10% Jan 26, 2018 - Aug 6, 2018
#9	-12.26% May 3, 2012 - Sep 4, 2012	-9.44% Sep 2, 2020 - Nov 11, 2020
#10	-11.77% Oct 8, 2009 - Nov 16, 2009	-9.30% Jan 19, 2000 - Mar 17, 2000
#11	-11.51% Jun 15, 2010 - Sep 3, 2010	-9.05% Jul 19, 2007 - Oct 5, 2007
#12	-10.81% Oct 16, 2012 - Dec 17, 2012	-8.88% Jan 27, 2026 - Apr 14, 2026
#13	-10.79% Jul 19, 2007 - Aug 8, 2007	-8.41% Jul 16, 2024 - Sep 19, 2024
#14	-10.44% May 3, 2010 - Jun 15, 2010	-7.35% Sep 14, 2012 - Jan 2, 2013
#15	-10.02% Jul 18, 2013 - Oct 25, 2013	-7.27% Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between WBD and SPY is -0.04 which considered as a very weak or no correlation - the stocks move independently of each other.

-0.04

-101

Dividend Comparison (1999 - 2026)

WBD vs SPY dividend yield comparison.

Year	WBD	SPY
2026	0.00%	0.24%
2025	0.00%	1.07%
2024	0.00%	1.21%
2023	0.00%	1.40%
2022	0.00%	1.65%
2021	0.00%	1.20%
2020	0.00%	1.52%
2019	0.00%	1.75%
2018	0.00%	2.04%
2017	0.00%	1.80%
2016	0.00%	2.03%
2015	0.00%	2.06%
2014	113.22%	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	11.99%	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%