HSIC vs. SPOT
HSIC (Henry Schein, Inc.) and SPOT (Spotify Technology S.A.) are both stocks. HSIC operates in Medical Distribution (Healthcare), while SPOT operates in Internet Content & Information (Communication Services). Over the past 5 years, HSIC returned 1.29%/yr vs 11.51%/yr for SPOT. At a 0.13 correlation, their price movements are largely independent.
Performance
HSIC vs. SPOT - Performance Comparison
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Returns By Period
In the year-to-date period, HSIC achieves a 5.98% return, which is significantly higher than SPOT's -21.56% return.
HSIC
- 1D
- 1.82%
- 1M
- 7.94%
- YTD
- 5.98%
- 6M
- 4.71%
- 1Y
- 11.42%
- 3Y*
- 0.50%
- 5Y*
- 1.29%
- 10Y*
- 1.80%
SPOT
- 1D
- -0.84%
- 1M
- -12.38%
- YTD
- -21.56%
- 6M
- -21.38%
- 1Y
- -37.70%
- 3Y*
- 42.48%
- 5Y*
- 11.51%
- 10Y*
- —
HSIC vs. SPOT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
HSIC Henry Schein, Inc. | 5.98% | 9.22% | -8.60% | -5.21% | 3.02% | 15.96% | 0.21% | 8.34% | 19.28% |
SPOT Spotify Technology S.A. | -21.56% | 29.80% | 138.08% | 138.01% | -66.27% | -25.62% | 110.40% | 31.76% | -31.59% |
Correlation
The correlation between HSIC and SPOT is -0.01, 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 | -0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Apr 3, 2018 | 0.13 |
The correlation between HSIC and SPOT shifts across timeframes, from -0.01 (1 year) to 0.13 (all time), reflecting how their relationship changes across market environments.
Fundamentals
HSIC:
$9.30B
SPOT:
$95.33B
HSIC:
$3.30
SPOT:
€12.94
HSIC:
24.24
SPOT:
30.81
HSIC:
0.72
SPOT:
4.76
HSIC:
2.85
SPOT:
10.40
HSIC:
$13.38B
SPOT:
€17.60B
HSIC:
$3.91B
SPOT:
€5.68B
HSIC:
$940.00M
SPOT:
€2.75B
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Return for Risk
HSIC vs. SPOT — Risk / Return Rank
HSIC
SPOT
HSIC vs. SPOT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Henry Schein, Inc. (HSIC) 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.
| HSIC | SPOT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.25 | ||
| Sortino ratioReturn per unit of downside risk | +1.93 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 0.86 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 0.67 | -0.81 | +1.47 |
| Martin ratioReturn relative to average drawdown | 1.37 | -1.36 | +2.73 |
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Drawdowns
HSIC vs. SPOT - Drawdown Comparison
The maximum HSIC drawdown since its inception was -78.49%, roughly equal to the maximum SPOT drawdown of -80.51%. Use the drawdown chart below to compare losses from any high point for HSIC and SPOT.
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Drawdown Indicators
| HSIC | SPOT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.49% | -80.51% | +2.02% |
Max Drawdown (1Y)Largest decline over 1 year | -17.23% | -46.80% | +29.57% |
Max Drawdown (3Y)Largest decline over 3 years | -24.59% | -46.80% | +22.21% |
Max Drawdown (5Y)Largest decline over 5 years | -32.70% | -76.39% | +43.69% |
Max Drawdown (10Y)Largest decline over 10 years | -41.42% | — | — |
Current DrawdownCurrent decline from peak | -12.90% | -41.29% | +28.39% |
Average DrawdownAverage peak-to-trough decline | -15.25% | -30.89% | +15.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.34% | 27.85% | -19.51% |
Volatility
HSIC vs. SPOT - Volatility Comparison
The current volatility for Henry Schein, Inc. (HSIC) is 5.53%, while Spotify Technology S.A. (SPOT) has a volatility of 11.25%. This indicates that HSIC 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
| HSIC | SPOT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.53% | 11.25% | -5.72% |
Volatility (6M)Calculated over the trailing 6-month period | 17.95% | 37.35% | -19.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.57% | 45.48% | -17.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.42% | 47.59% | -22.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.54% | 47.33% | -19.79% |
Dividends
HSIC vs. SPOT - Dividend Comparison
Neither HSIC nor SPOT has paid dividends to shareholders.
Financials
HSIC vs. SPOT - Financials Comparison
This section allows you to compare key financial metrics between Henry Schein, 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
HSIC vs. SPOT - Profitability Comparison
HSIC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Henry Schein, Inc. reported a gross profit of 1.00B and revenue of 3.37B. Therefore, the gross margin over that period was 29.8%.
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%.
HSIC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Henry Schein, Inc. reported an operating income of 194.00M and revenue of 3.37B, resulting in an operating margin of 5.8%.
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%.
HSIC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Henry Schein, Inc. reported a net income of 107.00M and revenue of 3.37B, resulting in a net margin of 3.2%.
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
HSIC and SPOT have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPOT has higher volatility (11.25%) compared to HSIC (5.53%). In terms of maximum drawdown, HSIC dropped -78.49% vs SPOT's -80.51%.
HSIC currently has the higher Sharpe Ratio (0.42 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.
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