# Metalpha Technology Holding Limited (MATH) vs State Street SPDR S&P 500 ETF Trust (SPY) · total-return overlay

LOPJLB holding-return compare (5Y). Dividends and splits. Each path starts at 0% from the first adjusted close in the window.

Metalpha Technology Holding Limited (MATH) vs State Street SPDR S&P 500 ETF Trust (SPY) total return over 5Y: MATH -39.16%, SPY +90.43%. Regime MATH CRISIS · SPY BULL. As of Oct 8, 2026. Research only.

- Interactive: https://www.lopjlb.com/vs/MATH/SPY
- API: `GET /bff/api/bigfive/compare-series?symbols=MATH%2CSPY&range=5y`

## Window

| Symbol | Window % | Worst drawdown | YTD |
|---|---:|---:|---:|
| MATH | -39.16% | -81.87% | -59.44% |
| SPY | +90.43% | -24.49% | +14.17% |

## Periods (calendar lookback)

| Symbol | 1Y | 2Y | 3Y | 5Y |
|---|---:|---:|---:|---:|
| MATH | -76.52% | -20.59% | -36.26% | -39.16% |
| SPY | +16.22% | +38.14% | +85.65% | +90.43% |

## Annual

| Year | MATH | SPY |
|---|---:|---:|
| YTD | -59.44% | +14.17% |
| 2025 | +85.84% | +18.01% |
| 2024 | -44.71% | +25.59% |
| 2023 | +306.72% | +26.73% |
| 2022 | -59.77% | -18.64% |
| 2021 | -21.43% | +9.65% |

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Research context only. Not personalized investment advice.