PARAA vs. SPOT

Last updated Jun 4, 2026

PARAA (Paramount Global Class A) and SPOT (Spotify Technology S.A.) are both stocks. Both are in the Communication Services sector — PARAA in Entertainment, SPOT in Internet Content & Information. At a 0.23 correlation, their price movements are largely independent.

Performance

PARAA vs. SPOT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Paramount Global Class A (PARAA) and Spotify Technology S.A. (SPOT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

PARAA

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SPOT

• 1D: -2.78%
• 1M: 11.24%
• YTD: -16.04%
• 6M: -12.50%
• 1Y: -27.35%
• 3Y*: 47.56%
• 5Y*: 15.60%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

PARAA vs. SPOT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
PARAA Paramount Global Class A	0.00%	-23.83%	14.50%	2.11%	-38.42%
SPOT Spotify Technology S.A.	-16.04%	29.80%	138.08%	138.01%	-50.41%

Correlation

The correlation between PARAA and SPOT is -0.06, 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	-0.06
Correlation (3Y) Calculated over the trailing 3-year period	-0.01
Correlation (All Time) Calculated using the full available price history since Feb 18, 2022	0.23

The correlation between PARAA and SPOT shifts across timeframes, from -0.06 (1 year) to 0.23 (all time), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap PARAA : $11.33B SPOT : $102.03B
EPS PARAA : $0.22 SPOT : $12.94
PE Ratio PARAA : 76.10 SPOT : 37.69
PS Ratio PARAA : 0.40 SPOT : 5.82
PB Ratio PARAA : 0.94 SPOT : 12.72
Total Revenue (TTM) PARAA : $28.76B SPOT : $17.60B
Gross Profit (TTM) PARAA : $9.14B SPOT : $5.68B
EBITDA (TTM) PARAA : $1.74B SPOT : $2.75B

Return for Risk

PARAA vs. SPOT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SPOT

SPOT Risk / Return Rank: 17
SPOT Sharpe Ratio Rank: 15
SPOT Sortino Ratio Rank: 16
SPOT Omega Ratio Rank: 16
SPOT Calmar Ratio Rank: 20
SPOT Martin Ratio Rank: 19

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PARAA vs. SPOT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Paramount Global Class A (PARAA) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	PARAA	SPOT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.60	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.33	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.33	—

Drawdowns

Drawdown Indicators

	PARAA	SPOT	Difference
Max Drawdown Largest peak-to-trough decline	—	-80.51%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-46.80%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-46.80%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-76.39%	—
Current Drawdown Current decline from peak	—	-37.16%	—
Average Drawdown Average peak-to-trough decline	—	-30.80%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	26.48%	—

Volatility

Volatility by Period

	PARAA	SPOT	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	16.77%	—
Volatility (6M) Calculated over the trailing 6-month period	—	37.50%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	45.43%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	47.62%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	47.29%	—

Dividends

PARAA vs. SPOT - Dividend Comparison

PARAA's dividend yield for the trailing twelve months is around 0.30%, while SPOT has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
PARAA Paramount Global Class A	0.30%	0.59%	0.90%	1.98%	4.90%
SPOT Spotify Technology S.A.	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

PARAA vs. SPOT - Profitability Comparison

The chart below illustrates the profitability comparison between Paramount Global Class A and Spotify Technology S.A. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

PARAA - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Paramount Global Class A reported a gross profit of 2.39B and revenue of 6.73B. Therefore, the gross margin over that period was 35.5%.

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%.

PARAA - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Paramount Global Class A reported an operating income of 337.00M and revenue of 6.73B, resulting in an operating margin of 5.0%.

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%.

PARAA - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Paramount Global Class A reported a net income of 165.00M and revenue of 6.73B, resulting in a net margin of 2.5%.

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

Can I hold both PARAA and SPOT in my portfolio?

PARAA and SPOT have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.