# Saratoga Investment Corp 8.125% (SAY) 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.

Saratoga Investment Corp 8.125% (SAY) vs State Street SPDR S&P 500 ETF Trust (SPY) total return over 5Y: SAY +38.35%, SPY +90.31%. Regime SAY BULL · SPY BULL. As of Oct 6, 2026. Research only.

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

## Window

| Symbol | Window % | Worst drawdown | YTD |
|---|---:|---:|---:|
| SAY | +38.35% | -2.92% | +5.99% |
| SPY | +90.31% | -24.49% | +14.93% |

## Periods (calendar lookback)

| Symbol | 1Y | 2Y | 3Y | 5Y |
|---|---:|---:|---:|---:|
| SAY | +7.78% | +16.69% | +28.58% | — |
| SPY | +17.26% | +40.38% | +88.09% | +90.31% |

## Annual

| Year | SAY | SPY |
|---|---:|---:|
| YTD | +5.99% | +14.93% |
| 2025 | +8.46% | +18.01% |
| 2024 | +9.43% | +25.59% |
| 2023 | +9.93% | +26.73% |
| 2022 | +0.77% | -18.64% |
| 2021 | — | +8.86% |

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Research context only. Not personalized investment advice.