Cloudflare, Inc. (NET) vs State Street SPDR S&P 500 ETF (SPY)

Over the past 5 years, NET outperformed SPY — 17.14% vs 12.56% annualized total return (price plus dividends).

A side-by-side comparison of Cloudflare, Inc. and State Street SPDR S&P 500 ETF across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of July 29, 2026. Differences are shown without an overall score or investment verdict.

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Different business models: NET is classified in Technology; SPY is classified in Financial Services. Margin, capital intensity, and valuation differences should be interpreted in that sector context.

Total returnNET vs SPY

growth of $100 · dividends reinvested · last 7y
NET +1367.2%SPY +175.5%NET compounded faster
Log scale — wide-divergence pair
101001k10kStart $100202120232025$1,467$275
NET SPY

Metrics side by side

Did NET beat SPY?

Over the past 5 years, NET outperformed SPY — 17.14% vs 12.56% annualized total return (price plus dividends).

Total return (annualized)

MetricNETSPY
Total return (1Y)32.47%17.61%
Total return CAGR (3Y)58.00%18.95%
Total return CAGR (5Y)17.14%12.56%
Total return CAGR (10Y)N/A14.92%

SPY is an index fund, so valuation, profitability, and per-company growth metrics don't apply — the head-to-head here is total return (price plus reinvested dividends).

Frequently asked

Has NET beaten SPY?
Over the past 5 years, NET outperformed SPY — 17.14% vs 12.56% annualized total return (price plus dividends).

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified July 29, 2026.