BIRK vs. SPY
BIRK (Birkenstock Holding plc) is a stock, while SPY (State Street SPDR S&P 500 ETF) is S&P 500 fund tracking the S&P 500 Index. Over the past year, BIRK returned -7.18% vs 21.60% for SPY. At a 0.41 correlation, their price movements are largely independent.
Performance
BIRK vs. SPY - Performance Comparison
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Returns By Period
In the year-to-date period, BIRK achieves a 8.34% return, which is significantly lower than SPY's 10.67% return.
BIRK
- 1D
- 3.38%
- 1M
- -9.52%
- 6M
- 9.11%
- YTD
- 8.34%
- 1Y
- -7.18%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPY
- 1D
- -0.54%
- 1M
- 0.31%
- 6M
- 9.02%
- YTD
- 10.67%
- 1Y
- 21.60%
- 3Y*
- 20.01%
- 5Y*
- 13.24%
- 10Y*
- 15.08%
BIRK vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BIRK Birkenstock Holding plc | 8.34% | -27.82% | 16.27% | 18.85% |
SPY State Street SPDR S&P 500 ETF | 10.67% | 17.72% | 24.89% | 9.83% |
Correlation
The correlation between BIRK and SPY is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Oct 11, 2023 | 0.41 |
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Return for Risk
BIRK vs. SPY — Risk / Return Rank
BIRK
SPY
BIRK vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Birkenstock Holding plc (BIRK) and State Street SPDR S&P 500 ETF (SPY). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BIRK | SPY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.87 | ||
| Sortino ratioReturn per unit of downside risk | -2.25 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.31 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | -0.17 | 2.44 | -2.61 |
| Martin ratioReturn relative to average drawdown | -0.33 | 10.63 | -10.96 |
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Drawdowns
BIRK vs. SPY - Drawdown Comparison
The maximum BIRK drawdown since its inception was -50.94%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for BIRK and SPY.
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Drawdown Indicators
| BIRK | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.94% | -55.19% | +4.25% |
Max Drawdown (1Y)Largest decline over 1 year | -41.59% | -8.88% | -32.71% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.76% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.50% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.72% | — |
Current DrawdownCurrent decline from peak | -30.30% | -0.91% | -29.39% |
Average DrawdownAverage peak-to-trough decline | -20.30% | -9.02% | -11.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.97% | 2.04% | +19.93% |
Volatility
BIRK vs. SPY - Volatility Comparison
Birkenstock Holding plc (BIRK) has a higher volatility of 13.81% compared to State Street SPDR S&P 500 ETF (SPY) at 3.58%. This indicates that BIRK's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BIRK | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.81% | 3.58% | +10.23% |
Volatility (6M)Calculated over the trailing 6-month period | 41.39% | 10.02% | +31.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 48.87% | 12.58% | +36.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.61% | 17.17% | +26.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 43.61% | 17.93% | +25.68% |
Dividends
BIRK vs. SPY - Dividend Comparison
BIRK has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.00%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIRK Birkenstock Holding plc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY State Street SPDR S&P 500 ETF | 1.00% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Frequently Asked Questions
BIRK and SPY have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BIRK has higher volatility (13.81%) compared to SPY (3.58%). In terms of maximum drawdown, BIRK dropped -50.94% vs SPY's -55.19%.
SPY currently has the higher Sharpe Ratio (1.72 vs -0.15), 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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