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WHF vs SPY

Comparison between WhiteHorse Finance Inc (WHF, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceSPY has outperformed WHF, delivering a return of +13.3% compared to -3.1%

WHF vs SPY - Performance Comparison

Key Characteristics

Financial metrics and valuation ratios

Market Cap / Net Assets
WHF
$148M
Winner
SPY
$735B
Expense Ratio
WHF
N/A
SPY
0.09%
Max Drawdown
WHF
62.93%
Winner
SPY
56.47%
Sharpe Ratio
WHF
-0.36
Winner
SPY
1.62
5Y Beta
Winner
WHF
0.34
SPY
1.00
Industry
WHF
Asset Management
SPY
N/A
P/E Ratio
Winner
WHF
16.26
SPY
28.99
Forward P/E
Winner
WHF
6.35
SPY
22.37
PEG Ratio
WHF
2.58
SPY
N/A
Dividend Yield
WHF
18.70%
SPY
N/A
5Y Dividends CAGR
WHF
-3.81%
Winner
SPY
5.43%
5Y EPS CAGR
WHF
N/A
SPY
26.05%
Debt to Equity
WHF
129.48%
Winner
SPY
32.40%
Free Cash Flow Yield
WHF
75.83%
SPY
N/A
P/S Ratio
Winner
WHF
2.11
SPY
3.74
P/B Ratio
Winner
WHF
0.57
SPY
5.61

WHF vs SPY - Historical Returns

Returns include dividend reinvestment.

1M
WHF
-8.57%
Winner
SPY
+1.90%
3M
WHF
-1.56%
Winner
SPY
+8.55%
6M
WHF
-3.33%
Winner
SPY
+8.18%
1Y
WHF
-9.25%
Winner
SPY
+25.79%
5Y(CAGR)
WHF
-3.09%
Winner
SPY
+13.32%
10Y(CAGR)
WHF
+8.48%
Winner
SPY
+15.19%
Max(CAGR)
WHF
+6.98%
Winner
SPY
+8.47%

WHF vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

YearWHFSPY
2026+2.52%+8.26%
2025-17.37%+18.00%
2024-8.37%+25.59%
2023+7.48%+26.72%
2022-5.77%-18.64%
2021+26.97%+30.52%
2020+18.57%+17.28%
2019+18.96%+31.09%
2018+6.89%-5.24%
2017+21.29%+20.78%
2016+20.16%+13.59%
2015+9.71%+1.31%
2014-13.62%+14.56%
2013+10.27%+29.00%
2012+5.30%+14.17%
2011N/A+0.85%
2010N/A+13.14%
2009N/A+22.67%
2008N/A-36.25%
2007N/A+5.32%
2006N/A+13.85%
2005N/A+5.32%
2004N/A+10.75%
2003N/A+24.18%
2002N/A-22.42%
2001N/A-10.13%
2000N/A-8.84%
1999N/A+8.61%

WHF vs SPY Drawdown Comparison

The maximum drawdown for WHF was -57.48%, occurring on Mar 18, 2020. Recovery took 189 trading sessions.

The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.

The current WHF drawdown is -27.71%. The current SPY drawdown is -2.90%.

RankWHFSPY
#1-57.48%
Feb 19, 2020 - Nov 16, 2020		-55.20%
Oct 9, 2007 - Aug 16, 2012
#2-37.56%
May 22, 2024 - Feb 24, 2026		-47.50%
Mar 24, 2000 - Oct 26, 2006
#3-28.62%
Oct 16, 2015 - Dec 9, 2016		-33.70%
Feb 19, 2020 - Aug 10, 2020
#4-25.48%
Aug 16, 2022 - Jul 13, 2023		-24.50%
Jan 3, 2022 - Dec 13, 2023
#5-25.08%
Oct 20, 2017 - May 24, 2018		-19.34%
Sep 20, 2018 - Apr 12, 2019
#6-19.21%
Nov 8, 2013 - May 11, 2015		-18.76%
Feb 19, 2025 - Jun 26, 2025
#7-18.72%
Jun 14, 2018 - Apr 17, 2019		-13.02%
Jul 20, 2015 - Apr 18, 2016
#8-16.90%
Apr 20, 2022 - Aug 16, 2022		-10.10%
Jan 26, 2018 - Aug 6, 2018
#9-14.22%
Sep 25, 2015 - Oct 15, 2015		-9.44%
Sep 2, 2020 - Nov 11, 2020
#10-12.29%
Aug 2, 2023 - Jan 8, 2024		-9.30%
Jan 19, 2000 - Mar 17, 2000
#11-11.78%
May 11, 2015 - Sep 11, 2015		-9.05%
Jul 19, 2007 - Oct 5, 2007
#12-11.38%
Apr 13, 2021 - Oct 19, 2021		-8.88%
Jan 27, 2026 - Apr 14, 2026
#13-10.80%
May 6, 2019 - Sep 20, 2019		-8.41%
Jul 16, 2024 - Sep 19, 2024
#14-9.06%
Jun 23, 2017 - Sep 6, 2017		-7.35%
Sep 14, 2012 - Jan 2, 2013
#15-8.21%
Jun 18, 2013 - Jun 28, 2013		-7.27%
Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between WHF and SPY is 0.82 which considered as a strong positive correlation - the stocks tend to move together.

0.82
-101

Dividend Comparison (1999 - 2026)

WHF vs SPY dividend yield comparison.

YearWHFSPY
20267.66%0.24%
202520.72%1.07%
202418.44%1.21%
202312.60%1.40%
202211.26%1.65%
202110.03%1.20%
202013.96%1.52%
201911.79%1.75%
201811.16%2.04%
201710.58%1.80%
201611.67%2.03%
201512.37%2.06%
201412.29%1.87%
20139.40%1.81%
20120.73%2.18%
20110.00%2.05%
20100.00%1.80%
20090.00%1.95%
20080.00%3.02%
20070.00%1.85%
20060.00%1.73%
20050.00%1.73%
20040.00%1.82%
20030.00%1.47%
20020.00%1.70%
20010.00%1.25%
20000.00%1.15%
19990.00%0.24%

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