SAP vs SPY: which was the better investment?
SAP SE against SPDR S&P 500 ETF Trust on real daily total-return data — every dividend reinvested, from Sep 18, 1995 to Jul 16, 2026.
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Frequently asked questions
Did SAP beat SPY?
No — measured from Sep 18, 1995 to Jul 16, 2026 with dividends reinvested, SPY came out ahead: $219,409 versus $174,248 from a $10,000 start. That gap compounds from a 10.5% annual return against 9.7%.
What would $10,000 in SAP be worth today?
$10,000 invested in SAP SE (SAP) on Sep 18, 1995 would be worth about $174,248 as of Jul 16, 2026, a total return of 1642.5% (9.7% per year). The same $10,000 in SPY would be worth $219,409.
Which was riskier — SAP or SPY?
SAP swung with an annualized volatility of 38.3% and a worst peak-to-trough drop of -87.9%; SPY ran at 19.1% volatility with a -55.2% maximum drawdown. Risk-adjusted (Sharpe ratio), that is 0.20 for SAP vs 0.45 for SPY.
What data is this comparison based on?
Daily adjusted closing prices covering Sep 18, 1995 through Jul 16, 2026 — the full period where both assets have price history. Adjusted prices include dividends and splits, so these are total returns. The page refreshes with new market data every day.
Can I change the dates, amounts, or add monthly investing?
Yes — the interactive tool on this page is pre-loaded with SAP vs SPY. You can set any start and end date, change the starting amount, add monthly contributions, or build a multi-asset portfolio and compare it against any benchmark.