GOOGL vs. SPOT
GOOGL (Alphabet Inc. Class A) and SPOT (Spotify Technology S.A.) are both stocks. Both operate in the Internet Content & Information industry within the Communication Services sector. Over the past 5 years, GOOGL returned 24.46%/yr vs 14.62%/yr for SPOT. At a 0.40 correlation, their price movements are largely independent.
Performance
GOOGL vs. SPOT - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, GOOGL achieves a 15.06% return, which is significantly higher than SPOT's -17.00% return.
GOOGL
- 1D
- 0.53%
- 1M
- -10.27%
- YTD
- 15.06%
- 6M
- 16.44%
- 1Y
- 106.51%
- 3Y*
- 43.10%
- 5Y*
- 24.46%
- 10Y*
- 25.76%
SPOT
- 1D
- -0.82%
- 1M
- 11.86%
- YTD
- -17.00%
- 6M
- -19.37%
- 1Y
- -31.42%
- 3Y*
- 47.06%
- 5Y*
- 14.62%
- 10Y*
- —
GOOGL vs. SPOT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
GOOGL Alphabet Inc. Class A | 15.06% | 65.99% | 36.01% | 58.32% | -39.09% | 65.30% | 30.85% | 28.18% | 3.19% |
SPOT Spotify Technology S.A. | -17.00% | 29.80% | 138.08% | 138.01% | -66.27% | -25.62% | 110.40% | 31.76% | -31.59% |
Correlation
The correlation between GOOGL and SPOT is 0.08, 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 | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Apr 3, 2018 | 0.40 |
Over the past year, the correlation between GOOGL and SPOT has dropped to 0.08 - well below their long-term average of 0.40, suggesting their price drivers have been diverging.
Fundamentals
GOOGL:
$4.40T
SPOT:
$100.87B
GOOGL:
$13.11
SPOT:
€12.94
GOOGL:
27.43
SPOT:
32.21
GOOGL:
1.35
SPOT:
0.36
GOOGL:
10.40
SPOT:
4.98
GOOGL:
9.19
SPOT:
10.87
GOOGL:
$422.57B
SPOT:
€17.60B
GOOGL:
$255.12B
SPOT:
€5.68B
GOOGL:
$174.08B
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
GOOGL vs. SPOT — Risk / Return Rank
GOOGL
SPOT
GOOGL vs. SPOT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alphabet Inc. Class A (GOOGL) 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.
| GOOGL | SPOT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.31 | ||
| Sortino ratioReturn per unit of downside risk | +5.76 | ||
| Omega ratioGain probability vs. loss probability | 1.59 | 0.89 | +0.70 |
| Calmar ratioReturn relative to maximum drawdown | 5.20 | -0.67 | +5.87 |
| Martin ratioReturn relative to average drawdown | 18.48 | -1.16 | +19.64 |
Loading charts...
Drawdowns
GOOGL vs. SPOT - Drawdown Comparison
The maximum GOOGL drawdown since its inception was -65.29%, smaller than the maximum SPOT drawdown of -80.51%. Use the drawdown chart below to compare losses from any high point for GOOGL and SPOT.
Loading charts...
Drawdown Indicators
| GOOGL | SPOT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.29% | -80.51% | +15.22% |
Max Drawdown (1Y)Largest decline over 1 year | -20.37% | -46.80% | +26.43% |
Max Drawdown (3Y)Largest decline over 3 years | -29.81% | -46.80% | +16.99% |
Max Drawdown (5Y)Largest decline over 5 years | -44.32% | -76.39% | +32.07% |
Max Drawdown (10Y)Largest decline over 10 years | -44.32% | — | — |
Current DrawdownCurrent decline from peak | -10.61% | -37.88% | +27.27% |
Average DrawdownAverage peak-to-trough decline | -13.01% | -30.87% | +17.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.72% | 27.16% | -21.44% |
Volatility
GOOGL vs. SPOT - Volatility Comparison
The current volatility for Alphabet Inc. Class A (GOOGL) is 7.24%, while Spotify Technology S.A. (SPOT) has a volatility of 16.23%. This indicates that GOOGL 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.
Loading charts...
Volatility by Period
| GOOGL | SPOT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.24% | 16.23% | -8.99% |
Volatility (6M)Calculated over the trailing 6-month period | 20.82% | 37.28% | -16.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.31% | 45.28% | -15.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.33% | 47.58% | -16.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.13% | 47.36% | -18.23% |
Dividends
GOOGL vs. SPOT - Dividend Comparison
GOOGL's dividend yield for the trailing twelve months is around 0.24%, while SPOT has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
GOOGL Alphabet Inc. Class A | 0.24% | 0.27% | 0.32% |
SPOT Spotify Technology S.A. | 0.00% | 0.00% | 0.00% |
Financials
GOOGL vs. SPOT - Financials Comparison
This section allows you to compare key financial metrics between Alphabet Inc. Class A 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
GOOGL vs. SPOT - Profitability Comparison
GOOGL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Alphabet Inc. Class A reported a gross profit of 68.63B and revenue of 109.90B. Therefore, the gross margin over that period was 62.5%.
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%.
GOOGL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Alphabet Inc. Class A reported an operating income of 39.70B and revenue of 109.90B, resulting in an operating margin of 36.1%.
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%.
GOOGL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Alphabet Inc. Class A reported a net income of 62.58B and revenue of 109.90B, resulting in a net margin of 56.9%.
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
GOOGL and SPOT have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPOT has higher volatility (16.23%) compared to GOOGL (7.24%). In terms of maximum drawdown, GOOGL dropped -65.29% vs SPOT's -80.51%.
GOOGL currently has the higher Sharpe Ratio (3.62 vs -0.70), 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 GOOGL 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