MANU vs. SPOT
MANU (Manchester United plc) and SPOT (Spotify Technology S.A.) are both stocks. Both are in the Communication Services sector — MANU in Entertainment, SPOT in Internet Content & Information. Over the past 5 years, MANU returned 8.96%/yr vs 14.60%/yr for SPOT. At a 0.18 correlation, their price movements are largely independent.
Performance
MANU vs. SPOT - Performance Comparison
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Returns By Period
In the year-to-date period, MANU achieves a 46.36% return, which is significantly higher than SPOT's -17.37% return.
MANU
- 1D
- 0.39%
- 1M
- 21.16%
- YTD
- 46.36%
- 6M
- 53.29%
- 1Y
- 35.07%
- 3Y*
- -0.50%
- 5Y*
- 8.96%
- 10Y*
- 4.21%
SPOT
- 1D
- -0.45%
- 1M
- 9.82%
- YTD
- -17.37%
- 6M
- -16.86%
- 1Y
- -32.50%
- 3Y*
- 44.21%
- 5Y*
- 14.60%
- 10Y*
- —
MANU vs. SPOT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
MANU Manchester United plc | 46.36% | -8.24% | -14.87% | -12.64% | 65.01% | -13.92% | -15.08% | 6.06% | -1.50% |
SPOT Spotify Technology S.A. | -17.37% | 29.80% | 138.08% | 138.01% | -66.27% | -25.62% | 110.40% | 31.76% | -31.59% |
Correlation
The correlation between MANU and SPOT is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Apr 3, 2018 | 0.18 |
Fundamentals
MANU:
$4.02B
SPOT:
$100.42B
MANU:
-£0.10
SPOT:
€12.94
MANU:
4.41
SPOT:
4.94
MANU:
16.66
SPOT:
10.79
MANU:
£677.79M
SPOT:
€17.60B
MANU:
£169.11M
SPOT:
€5.68B
MANU:
£216.23M
SPOT:
€2.75B
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Return for Risk
MANU vs. SPOT — Risk / Return Rank
MANU
SPOT
MANU vs. SPOT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Manchester United plc (MANU) 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.
| MANU | SPOT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.67 | ||
| Sortino ratioReturn per unit of downside risk | +2.48 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 0.89 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | 1.64 | -0.70 | +2.33 |
| Martin ratioReturn relative to average drawdown | 2.81 | -1.19 | +4.00 |
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Drawdowns
MANU vs. SPOT - Drawdown Comparison
The maximum MANU drawdown since its inception was -58.05%, smaller than the maximum SPOT drawdown of -80.51%. Use the drawdown chart below to compare losses from any high point for MANU and SPOT.
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Drawdown Indicators
| MANU | SPOT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.05% | -80.51% | +22.46% |
Max Drawdown (1Y)Largest decline over 1 year | -21.52% | -46.80% | +25.28% |
Max Drawdown (3Y)Largest decline over 3 years | -51.39% | -46.80% | -4.59% |
Max Drawdown (5Y)Largest decline over 5 years | -54.51% | -76.39% | +21.88% |
Max Drawdown (10Y)Largest decline over 10 years | -58.05% | — | — |
Current DrawdownCurrent decline from peak | -13.19% | -38.16% | +24.97% |
Average DrawdownAverage peak-to-trough decline | -24.78% | -30.87% | +6.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.53% | 27.26% | -14.73% |
Volatility
MANU vs. SPOT - Volatility Comparison
Manchester United plc (MANU) has a higher volatility of 19.89% compared to Spotify Technology S.A. (SPOT) at 16.26%. This indicates that MANU'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.
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Volatility by Period
| MANU | SPOT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.89% | 16.26% | +3.63% |
Volatility (6M)Calculated over the trailing 6-month period | 26.96% | 37.24% | -10.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 37.22% | 45.34% | -8.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.18% | 47.55% | -4.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.85% | 47.35% | -9.50% |
Dividends
MANU vs. SPOT - Dividend Comparison
Neither MANU nor SPOT has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MANU Manchester United plc | 0.00% | 0.00% | 0.00% | 0.00% | 0.39% | 1.26% | 1.08% | 0.90% | 0.95% | 0.91% | 1.26% | 0.51% |
SPOT Spotify Technology S.A. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
MANU vs. SPOT - Financials Comparison
This section allows you to compare key financial metrics between Manchester United plc 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
MANU vs. SPOT - Profitability Comparison
MANU - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Manchester United plc reported a gross profit of 189.50M and revenue of 189.50M. Therefore, the gross margin over that period was 100.0%.
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%.
MANU - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Manchester United plc reported an operating income of 10.31M and revenue of 189.50M, resulting in an operating margin of 5.4%.
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%.
MANU - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Manchester United plc reported a net income of -11.78M and revenue of 189.50M, resulting in a net margin of -6.2%.
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
MANU and SPOT have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MANU has higher volatility (19.89%) compared to SPOT (16.26%). In terms of maximum drawdown, MANU dropped -58.05% vs SPOT's -80.51%.
MANU currently has the higher Sharpe Ratio (0.95 vs -0.72), 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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