PTON vs. XBI

Last updated Aug 4, 2026

PTON (Peloton Interactive, Inc.) is a stock, while XBI (SPDR S&P Biotech ETF) is Health & Biotech Equities fund tracking the S&P Biotechnology Select Industry Index. Over the past 5 years, PTON returned -44.36%/yr vs 3.50%/yr for XBI. Their 0.38 correlation means their historical movements had little consistent relationship.

Performance

PTON vs. XBI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Peloton Interactive, Inc. (PTON) and SPDR S&P Biotech ETF (XBI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PTON achieves a 4.71% return, which is significantly lower than XBI's 20.93% return.

PTON

• 1D: 0.94%
• 1M: 12.17%
• 6M: 11.98%
• YTD: 4.71%
• 1Y: -2.27%
• 3Y*: -9.39%
• 5Y*: -44.36%
• 10Y*: —
• ALL TIME*: -18.93%

XBI

• 1D: 0.20%
• 1M: -8.20%
• 6M: 15.79%
• YTD: 20.93%
• 1Y: 72.21%
• 3Y*: 22.21%
• 5Y*: 3.50%
• 10Y*: 8.82%
• ALL TIME*: 11.58%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
PTON Peloton Interactive, Inc.	$42.85M	$45.73M	$68.91M
XBI SPDR S&P Biotech ETF	$1.15B	$1.32B	$1.30B

PTON vs. XBI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
PTON Peloton Interactive, Inc.	4.71%	-29.20%	42.86%	-23.30%	-77.80%	-76.43%	434.23%	4.53%
XBI SPDR S&P Biotech ETF	20.93%	35.89%	1.01%	7.60%	-25.87%	-20.45%	48.33%	19.97%

Correlation

The correlation between PTON and XBI is 0.03, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.03
Correlation (3Y) Balances recent behavior with more history.	0.32
Correlation (5Y) Shows whether the relationship held over a longer period.	0.43
Correlation (All Time) Calculated using the full available price history since Sep 26, 2019	0.38

Over the past year, the correlation between PTON and XBI has dropped to 0.03 - well below their long-term average of 0.38, suggesting their price drivers have been diverging.

Return for Risk

PTON vs. XBI — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

PTON

PTON Risk / Return Rank: 42
PTON Sharpe Ratio Rank: 42
PTON Sortino Ratio Rank: 42
PTON Omega Ratio Rank: 43
PTON Calmar Ratio Rank: 42
PTON Martin Ratio Rank: 42

XBI

XBI Risk / Return Rank: 93
XBI Sharpe Ratio Rank: 94
XBI Sortino Ratio Rank: 93
XBI Omega Ratio Rank: 90
XBI Calmar Ratio Rank: 97
XBI Martin Ratio Rank: 94

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

PTON vs. XBI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Peloton Interactive, Inc. (PTON) and SPDR S&P Biotech ETF (XBI). 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.

	PTON	XBI	Difference
Sharpe ratio: Return per unit of total volatility	-0.04	2.69	-2.73
Sortino ratio: Return per unit of downside risk	0.38	3.49	-3.11
Omega ratio: Gain probability vs. loss probability	1.05	1.42	-0.37
Calmar ratio: Return relative to maximum drawdown	-0.04	6.90	-6.94
Martin ratio: Return relative to average drawdown	-0.07	19.18	-19.24

PTON vs. XBI - Sharpe Ratio Comparison

The current PTON Sharpe Ratio is -0.04, which is lower than the XBI Sharpe Ratio of 2.69. The chart below compares the historical Sharpe Ratios of PTON and XBI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PTON vs. XBI - Drawdown Comparison

The maximum PTON drawdown since its inception was -98.28%, which is greater than XBI's maximum drawdown of -63.89%. Use the drawdown chart below to compare losses from any high point for PTON and XBI.

Drawdown Indicators

	PTON	XBI	Difference
Max Drawdown Largest peak-to-trough decline	-98.28%	-63.89%	-34.39%
Max Drawdown (1Y) Largest decline over 1 year	-58.78%	-10.51%	-48.27%
Max Drawdown (3Y) Largest decline over 3 years	-66.78%	-32.99%	-33.79%
Max Drawdown (5Y) Largest decline over 5 years	-97.60%	-54.00%	-43.60%
Max Drawdown (10Y) Largest decline over 10 years	—	-63.89%	—
Current Drawdown Current decline from peak	-96.15%	-14.77%	-81.38%
Average Drawdown Average peak-to-trough decline	-71.26%	-20.87%	-50.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	34.35%	3.78%	+30.57%

Volatility

PTON vs. XBI - Volatility Comparison

Peloton Interactive, Inc. (PTON) has a higher volatility of 12.27% compared to SPDR S&P Biotech ETF (XBI) at 7.77%. This indicates that PTON's price experiences larger fluctuations and is considered to be riskier than XBI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PTON	XBI	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.27%	7.77%	+4.50%
Volatility (6M) Calculated over the trailing 6-month period	48.09%	21.43%	+26.66%
Volatility (1Y) Calculated over the trailing 1-year period	61.11%	27.01%	+34.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	86.00%	32.33%	+53.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	82.39%	31.94%	+50.45%

Dividends

PTON vs. XBI - Dividend Comparison

PTON has not paid dividends to shareholders, while XBI's dividend yield for the trailing twelve months is around 0.39%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PTON Peloton Interactive, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
XBI SPDR S&P Biotech ETF	0.39%	0.37%	0.15%	0.02%	0.00%	0.04%	0.20%	0.00%	0.28%	0.24%	0.26%	0.61%

Frequently Asked Questions

Can I hold both PTON and XBI in my portfolio?

PTON and XBI have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PTON or XBI?

PTON has higher volatility (12.27%) compared to XBI (7.77%). In terms of maximum drawdown, PTON dropped -98.28% vs XBI's -63.89%.

Which has better risk-adjusted returns?

XBI currently has the higher Sharpe Ratio (2.69 vs -0.04), 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.