WPC vs SPY

Comparison between W. P. Carey Inc (WPC, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceSPY has outperformed WPC, delivering a return of +13.3% compared to +6.5%

WPC vs SPY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	WPC(COMPANY)	SPY(ETF)
Market Cap / Net Assets	$16B	$652B
Expense Ratio	N/A	0.09%
Max Drawdown	53.34%	56.47%
Sharpe Ratio	1.33	2.07
5Y Beta	0.25	1.00
Industry	Reit - Diversified	N/A
P/E Ratio	31.92	28.24
Forward P/E	25.00	21.85
PEG Ratio	1.52	N/A
Dividend Yield	4.95%	N/A
5Y Dividends CAGR	2.13%	5.43%
5Y EPS CAGR	-0.84%	25.79%
Debt to Equity	104.90%	22.35%
Free Cash Flow Yield	7.86%	N/A
P/S Ratio	9.44	3.55
P/B Ratio	1.93	5.29

Market Cap / Net Assets

WPC

$16B

Winner

SPY

$652B

Expense Ratio

WPC

N/A

SPY

0.09%

Max Drawdown

Winner

WPC

53.34%

SPY

56.47%

Sharpe Ratio

WPC

1.33

Winner

SPY

2.07

5Y Beta

Winner

WPC

0.25

SPY

1.00

Industry

WPC

Reit - Diversified

SPY

N/A

P/E Ratio

WPC

31.92

Winner

SPY

28.24

Forward P/E

WPC

25.00

Winner

SPY

21.85

PEG Ratio

WPC

1.52

SPY

N/A

Dividend Yield

WPC

4.95%

SPY

N/A

5Y Dividends CAGR

WPC

2.13%

Winner

SPY

5.43%

5Y EPS CAGR

WPC

-0.84%

Winner

SPY

25.79%

Debt to Equity

WPC

104.90%

Winner

SPY

22.35%

Free Cash Flow Yield

WPC

7.86%

SPY

N/A

P/S Ratio

WPC

9.44

Winner

SPY

3.55

P/B Ratio

Winner

WPC

1.93

SPY

5.29

WPC vs SPY - Historical Returns

Returns include dividend reinvestment.

Period	WPC	SPY
1 month	+3.75%	+9.11%
3 months	+5.03%	+6.59%
6 months	+13.09%	+10.56%
1 year	+28.87%	+32.04%
5 years(CAGR)	+6.49%	+13.35%
10 years(CAGR)	+8.21%	+15.49%
Max(CAGR)	+12.94%	+8.50%

WPC

+3.75%

Winner

SPY

+9.11%

WPC

+5.03%

Winner

SPY

+6.59%

Winner

WPC

+13.09%

SPY

+10.56%

WPC

+28.87%

Winner

SPY

+32.04%

5Y(CAGR)

WPC

+6.49%

Winner

SPY

+13.35%

10Y(CAGR)

WPC

+8.21%

Winner

SPY

+15.49%

Max(CAGR)

Winner

WPC

+12.94%

SPY

+8.50%

WPC vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	WPC	SPY
2026	+15.81%	+8.27%
2025	+25.36%	+18.00%
2024	-12.02%	+25.59%
2023	-8.21%	+26.72%
2022	+1.52%	-18.64%
2021	+27.54%	+30.52%
2020	-4.80%	+17.28%
2019	+31.21%	+31.09%
2018	+1.77%	-5.24%
2017	+23.58%	+20.78%
2016	+6.61%	+13.59%
2015	-11.24%	+1.31%
2014	+21.95%	+14.56%
2013	+22.94%	+29.00%
2012	+31.67%	+14.17%
2011	+39.71%	+0.85%
2010	+21.00%	+13.14%
2009	+29.17%	+22.67%
2008	-23.23%	-36.25%
2007	+16.43%	+5.32%
2006	+24.81%	+13.85%
2005	-22.73%	+5.32%
2004	+22.91%	+10.75%
2003	+30.36%	+24.18%
2002	+15.94%	-22.42%
2001	+37.80%	-10.13%
2000	+20.79%	-8.84%
1999	+2.59%	+8.61%

WPC vs SPY Drawdown Comparison

The maximum drawdown for WPC was -52.45%, occurring on Mar 23, 2020. Recovery took 553 trading sessions.

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

Rank	WPC	SPY
#1	-52.45% Oct 18, 2019 - Dec 29, 2021	-55.20% Oct 9, 2007 - Aug 16, 2012
#2	-48.69% Dec 10, 2007 - Mar 30, 2010	-47.50% Mar 24, 2000 - Oct 26, 2006
#3	-36.81% Jul 29, 2022 - Jan 16, 2026	-33.70% Feb 19, 2020 - Aug 10, 2020
#4	-29.35% Feb 17, 2005 - Jan 11, 2007	-24.50% Jan 3, 2022 - Dec 13, 2023
#5	-24.95% Jan 26, 2015 - Jun 21, 2016	-19.34% Sep 20, 2018 - Apr 12, 2019
#6	-23.27% May 20, 2013 - Dec 22, 2014	-18.76% Feb 19, 2025 - Jun 26, 2025
#7	-21.73% Aug 1, 2016 - Jul 27, 2017	-13.02% Jul 20, 2015 - Apr 18, 2016
#8	-21.29% Jul 21, 2011 - Dec 7, 2011	-10.10% Jan 26, 2018 - Aug 6, 2018
#9	-20.87% Oct 14, 2003 - Oct 18, 2004	-9.44% Sep 2, 2020 - Nov 11, 2020
#10	-15.71% Nov 21, 2017 - Oct 25, 2018	-9.30% Jan 19, 2000 - Mar 17, 2000
#11	-15.05% May 9, 2007 - Oct 30, 2007	-9.05% Jul 19, 2007 - Oct 5, 2007
#12	-14.04% Oct 31, 2012 - Jan 22, 2013	-8.88% Jan 27, 2026 - Apr 14, 2026
#13	-13.39% Jun 15, 2001 - Aug 1, 2001	-8.41% Jul 16, 2024 - Sep 19, 2024
#14	-13.19% Jul 29, 2003 - Oct 7, 2003	-7.35% Sep 14, 2012 - Jan 2, 2013
#15	-12.50% Mar 23, 2012 - Sep 14, 2012	-7.27% Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between WPC and SPY is 0.90 which considered as a very strong positive correlation - the stocks move almost identically together.

0.90

-101

Dividend Comparison (1999 - 2026)

WPC vs SPY dividend yield comparison.

Year	WPC	SPY
2026	1.26%	0.24%
2025	5.62%	1.07%
2024	6.41%	1.21%
2023	7.93%	1.40%
2022	5.43%	1.65%
2021	5.12%	1.20%
2020	5.91%	1.52%
2019	5.17%	1.75%
2018	6.26%	2.04%
2017	7.26%	1.80%
2016	6.65%	2.03%
2015	6.49%	2.06%
2014	5.26%	1.87%
2013	5.70%	1.81%
2012	4.68%	2.18%
2011	5.34%	2.05%
2010	6.48%	1.80%
2009	8.29%	1.95%
2008	8.34%	3.02%
2007	6.47%	1.85%
2006	6.05%	1.73%
2005	7.05%	1.73%
2004	4.99%	1.82%
2003	5.68%	1.47%
2002	6.94%	1.70%
2001	7.33%	1.25%
2000	9.28%	1.15%
1999	2.49%	0.24%