GEV vs. SPOT
GEV (GE Vernova Inc.) and SPOT (Spotify Technology S.A.) are both stocks. GEV operates in Specialty Industrial Machinery (Industrials), while SPOT operates in Internet Content & Information (Communication Services). Over the past year, GEV returned 107.61% vs -37.70% for SPOT. At a 0.23 correlation, their price movements are largely independent.
Performance
GEV vs. SPOT - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, GEV achieves a 58.65% return, which is significantly higher than SPOT's -21.56% return.
GEV
- 1D
- -8.21%
- 1M
- -0.31%
- YTD
- 58.65%
- 6M
- 56.76%
- 1Y
- 107.61%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPOT
- 1D
- -0.84%
- 1M
- -12.38%
- YTD
- -21.56%
- 6M
- -21.38%
- 1Y
- -37.70%
- 3Y*
- 42.48%
- 5Y*
- 11.51%
- 10Y*
- —
GEV vs. SPOT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
GEV GE Vernova Inc. | 58.65% | 99.02% | 186.24% |
SPOT Spotify Technology S.A. | -21.56% | 29.80% | 70.23% |
Correlation
The correlation between GEV and SPOT is 0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Mar 27, 2024 | 0.23 |
The correlation between GEV and SPOT shifts across timeframes, from 0.10 (1 year) to 0.23 (all time), reflecting how their relationship changes across market environments.
Fundamentals
GEV:
$281.51B
SPOT:
$95.33B
GEV:
$34.12
SPOT:
€12.94
GEV:
30.33
SPOT:
30.81
GEV:
0.14
SPOT:
0.34
GEV:
7.22
SPOT:
4.76
GEV:
20.22
SPOT:
10.40
GEV:
$39.38B
SPOT:
€17.60B
GEV:
$7.85B
SPOT:
€5.68B
GEV:
$3.32B
SPOT:
€2.75B
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
GEV vs. SPOT — Risk / Return Rank
GEV
SPOT
GEV vs. SPOT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GE Vernova Inc. (GEV) 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.
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.
| GEV | SPOT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.97 | ||
| Sortino ratioReturn per unit of downside risk | +3.97 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 0.86 | +0.49 |
| Calmar ratioReturn relative to maximum drawdown | 4.40 | -0.81 | +5.21 |
| Martin ratioReturn relative to average drawdown | 12.77 | -1.36 | +14.13 |
Loading charts...
Drawdowns
GEV vs. SPOT - Drawdown Comparison
The maximum GEV drawdown since its inception was -38.29%, smaller than the maximum SPOT drawdown of -80.51%. Use the drawdown chart below to compare losses from any high point for GEV and SPOT.
Loading charts...
Drawdown Indicators
| GEV | SPOT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.29% | -80.51% | +42.22% |
Max Drawdown (1Y)Largest decline over 1 year | -24.57% | -46.80% | +22.23% |
Max Drawdown (3Y)Largest decline over 3 years | — | -46.80% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -76.39% | — |
Current DrawdownCurrent decline from peak | -9.92% | -41.29% | +31.37% |
Average DrawdownAverage peak-to-trough decline | -7.01% | -30.89% | +23.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.45% | 27.85% | -19.40% |
Volatility
GEV vs. SPOT - Volatility Comparison
GE Vernova Inc. (GEV) has a higher volatility of 17.74% compared to Spotify Technology S.A. (SPOT) at 11.25%. This indicates that GEV's price experiences larger fluctuations and is considered to be riskier than SPOT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| GEV | SPOT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.74% | 11.25% | +6.49% |
Volatility (6M)Calculated over the trailing 6-month period | 34.20% | 37.35% | -3.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 50.61% | 45.48% | +5.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 54.00% | 47.59% | +6.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 54.00% | 47.33% | +6.67% |
Dividends
GEV vs. SPOT - Dividend Comparison
GEV's dividend yield for the trailing twelve months is around 0.19%, while SPOT has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
GEV GE Vernova Inc. | 0.19% | 0.11% | 0.08% |
SPOT Spotify Technology S.A. | 0.00% | 0.00% | 0.00% |
Financials
GEV vs. SPOT - Financials Comparison
This section allows you to compare key financial metrics between GE Vernova Inc. and Spotify Technology S.A.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
GEV vs. SPOT - Profitability Comparison
GEV - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, GE Vernova Inc. reported a gross profit of 1.78B and revenue of 9.34B. Therefore, the gross margin over that period was 19.1%.
SPOT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Spotify Technology S.A. reported a gross profit of 1.51B and revenue of 4.61B. Therefore, the gross margin over that period was 32.9%.
GEV - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, GE Vernova Inc. reported an operating income of 179.00M and revenue of 9.34B, resulting in an operating margin of 1.9%.
SPOT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Spotify Technology S.A. reported an operating income of 726.76M and revenue of 4.61B, resulting in an operating margin of 15.8%.
GEV - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, GE Vernova Inc. reported a net income of 4.75B and revenue of 9.34B, resulting in a net margin of 50.8%.
SPOT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Spotify Technology S.A. reported a net income of 732.86M and revenue of 4.61B, resulting in a net margin of 15.9%.
Frequently Asked Questions
GEV and SPOT have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GEV has higher volatility (17.74%) compared to SPOT (11.25%). In terms of maximum drawdown, GEV dropped -38.29% vs SPOT's -80.51%.
GEV currently has the higher Sharpe Ratio (2.14 vs -0.83), 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.
Find the right allocation for GEV and SPOT
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer