^OEX vs. SPOT
^OEX (S&P 100 Index) is an index, while SPOT (Spotify Technology S.A.) is a stock. Over the past 5 years, ^OEX returned 14.34%/yr vs 15.60%/yr for SPOT. At a 0.45 correlation, their price movements are largely independent.
Performance
^OEX vs. SPOT - Performance Comparison
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Returns By Period
In the year-to-date period, ^OEX achieves a 9.08% return, which is significantly higher than SPOT's -16.04% return.
^OEX
- 1D
- -0.93%
- 1M
- 5.31%
- YTD
- 9.08%
- 6M
- 8.87%
- 1Y
- 28.44%
- 3Y*
- 23.22%
- 5Y*
- 14.34%
- 10Y*
- 14.98%
SPOT
- 1D
- -2.78%
- 1M
- 11.24%
- YTD
- -16.04%
- 6M
- -12.50%
- 1Y
- -27.35%
- 3Y*
- 47.56%
- 5Y*
- 15.60%
- 10Y*
- —
^OEX vs. SPOT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
^OEX S&P 100 Index | 9.08% | 18.76% | 29.25% | 30.83% | -22.12% | 27.55% | 19.30% | 29.47% | -2.83% |
SPOT Spotify Technology S.A. | -16.04% | 29.80% | 138.08% | 138.01% | -66.27% | -25.62% | 110.40% | 31.76% | -23.83% |
Correlation
The correlation between ^OEX and SPOT is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Apr 4, 2018 | 0.45 |
Over the past year, the correlation between ^OEX and SPOT has dropped to 0.22 - well below their long-term average of 0.45, suggesting their price drivers have been diverging.
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Return for Risk
^OEX vs. SPOT — Risk / Return Rank
^OEX
SPOT
^OEX vs. SPOT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for S&P 100 Index (^OEX) and Spotify Technology S.A. (SPOT). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| ^OEX | SPOT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.86 | ||
| Sortino ratioReturn per unit of downside risk | +3.74 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 0.92 | +0.49 |
| Calmar ratioReturn relative to maximum drawdown | 2.53 | -0.59 | +3.11 |
| Martin ratioReturn relative to average drawdown | 10.55 | -1.03 | +11.58 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ^OEX | SPOT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.25 | -0.60 | +2.86 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.81 | 0.33 | +0.48 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.81 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.33 | +0.18 |
Drawdowns
^OEX vs. SPOT - Drawdown Comparison
The maximum ^OEX drawdown since its inception was -61.31%, smaller than the maximum SPOT drawdown of -80.51%. Use the drawdown chart below to compare losses from any high point for ^OEX and SPOT.
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Drawdown Indicators
| ^OEX | SPOT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.31% | -80.51% | +19.20% |
Max Drawdown (1Y)Largest decline over 1 year | -11.30% | -46.80% | +35.50% |
Max Drawdown (3Y)Largest decline over 3 years | -19.89% | -46.80% | +26.91% |
Max Drawdown (5Y)Largest decline over 5 years | -27.23% | -76.39% | +49.16% |
Max Drawdown (10Y)Largest decline over 10 years | -31.53% | — | — |
Current DrawdownCurrent decline from peak | -1.02% | -37.16% | +36.14% |
Average DrawdownAverage peak-to-trough decline | -12.82% | -30.80% | +17.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.70% | 26.48% | -23.78% |
Volatility
^OEX vs. SPOT - Volatility Comparison
The current volatility for S&P 100 Index (^OEX) is 3.29%, while Spotify Technology S.A. (SPOT) has a volatility of 16.77%. This indicates that ^OEX experiences smaller price fluctuations and is considered to be less risky than SPOT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ^OEX | SPOT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.29% | 16.77% | -13.48% |
Volatility (6M)Calculated over the trailing 6-month period | 9.52% | 37.50% | -27.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.68% | 45.43% | -32.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.76% | 47.62% | -29.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.47% | 47.29% | -28.82% |
Frequently Asked Questions
^OEX and SPOT have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPOT has higher volatility (16.77%) compared to ^OEX (3.29%). In terms of maximum drawdown, ^OEX dropped -61.31% vs SPOT's -80.51%.
^OEX currently has the higher Sharpe Ratio (2.25 vs -0.60), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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