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 -10.06% vs 22.29% for SPY. At a 0.42 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 8.85% return, which is significantly higher than SPY's 8.25% return.
BIRK
- 1D
- -1.26%
- 1M
- 2.25%
- YTD
- 8.85%
- 6M
- 4.88%
- 1Y
- -10.06%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPY
- 1D
- 0.14%
- 1M
- -1.92%
- YTD
- 8.25%
- 6M
- 6.93%
- 1Y
- 22.29%
- 3Y*
- 20.89%
- 5Y*
- 12.99%
- 10Y*
- 15.75%
BIRK vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BIRK Birkenstock Holding plc | 8.85% | -27.82% | 16.27% | 18.85% |
SPY State Street SPDR S&P 500 ETF | 8.25% | 17.72% | 24.89% | 9.83% |
Correlation
The correlation between BIRK and SPY is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Oct 11, 2023 | 0.42 |
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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 | -2.01 | ||
| Sortino ratioReturn per unit of downside risk | -2.43 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.33 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | -0.24 | 2.52 | -2.76 |
| Martin ratioReturn relative to average drawdown | -0.47 | 11.15 | -11.62 |
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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 | -29.97% | -3.08% | -26.89% |
Average DrawdownAverage peak-to-trough decline | -20.10% | -9.03% | -11.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.63% | 2.00% | +19.63% |
Volatility
BIRK vs. SPY - Volatility Comparison
Birkenstock Holding plc (BIRK) has a higher volatility of 15.83% compared to State Street SPDR S&P 500 ETF (SPY) at 4.79%. 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 | 15.83% | 4.79% | +11.04% |
Volatility (6M)Calculated over the trailing 6-month period | 41.23% | 9.80% | +31.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 48.28% | 12.43% | +35.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.74% | 17.15% | +26.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 43.74% | 17.95% | +25.79% |
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 1.02%.
| 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 | 1.02% | 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 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BIRK has higher volatility (15.83%) compared to SPY (4.79%). In terms of maximum drawdown, BIRK dropped -50.94% vs SPY's -55.19%.
SPY currently has the higher Sharpe Ratio (1.80 vs -0.21), 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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