RIVN vs. SPOT
RIVN (Rivian Automotive, Inc.) and SPOT (Spotify Technology S.A.) are both stocks. RIVN operates in Auto Manufacturers (Consumer Cyclical), while SPOT operates in Internet Content & Information (Communication Services). Over the past 3 years, RIVN returned 3.20%/yr vs 47.06%/yr for SPOT. At a 0.30 correlation, their price movements are largely independent.
Performance
RIVN vs. SPOT - Performance Comparison
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Returns By Period
In the year-to-date period, RIVN achieves a -14.97% return, which is significantly higher than SPOT's -17.00% return.
RIVN
- 1D
- 7.85%
- 1M
- 15.43%
- YTD
- -14.97%
- 6M
- -9.01%
- 1Y
- 24.89%
- 3Y*
- 3.20%
- 5Y*
- —
- 10Y*
- —
SPOT
- 1D
- -0.82%
- 1M
- 11.86%
- YTD
- -17.00%
- 6M
- -19.37%
- 1Y
- -31.42%
- 3Y*
- 47.06%
- 5Y*
- 14.62%
- 10Y*
- —
RIVN vs. SPOT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
RIVN Rivian Automotive, Inc. | -14.97% | 48.20% | -43.31% | 27.29% | -82.23% | -2.87% |
SPOT Spotify Technology S.A. | -17.00% | 29.80% | 138.08% | 138.01% | -66.27% | -16.04% |
Correlation
The correlation between RIVN and SPOT is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Nov 10, 2021 | 0.30 |
The correlation between RIVN and SPOT shifts across timeframes, from 0.13 (1 year) to 0.30 (all time), reflecting how their relationship changes across market environments.
Fundamentals
RIVN:
$20.93B
SPOT:
$100.87B
RIVN:
-$2.90
SPOT:
€12.94
RIVN:
3.68
SPOT:
4.98
RIVN:
4.73
SPOT:
10.87
RIVN:
$5.53B
SPOT:
€17.60B
RIVN:
$57.00M
SPOT:
€5.68B
RIVN:
-$3.18B
SPOT:
€2.75B
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Return for Risk
RIVN vs. SPOT — Risk / Return Rank
RIVN
SPOT
RIVN vs. SPOT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Rivian Automotive, Inc. (RIVN) 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.
| RIVN | SPOT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.01 | ||
| Sortino ratioReturn per unit of downside risk | +1.89 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 0.89 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 0.48 | -0.67 | +1.16 |
| Martin ratioReturn relative to average drawdown | 0.95 | -1.16 | +2.11 |
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Drawdowns
RIVN vs. SPOT - Drawdown Comparison
The maximum RIVN drawdown since its inception was -95.12%, which is greater than SPOT's maximum drawdown of -80.51%. Use the drawdown chart below to compare losses from any high point for RIVN and SPOT.
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Drawdown Indicators
| RIVN | SPOT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.12% | -80.51% | -14.61% |
Max Drawdown (1Y)Largest decline over 1 year | -42.54% | -46.80% | +4.26% |
Max Drawdown (3Y)Largest decline over 3 years | -69.61% | -46.80% | -22.81% |
Max Drawdown (5Y)Largest decline over 5 years | — | -76.39% | — |
Current DrawdownCurrent decline from peak | -90.26% | -37.88% | -52.38% |
Average DrawdownAverage peak-to-trough decline | -86.33% | -30.87% | -55.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.62% | 27.16% | -5.54% |
Volatility
RIVN vs. SPOT - Volatility Comparison
Rivian Automotive, Inc. (RIVN) has a higher volatility of 22.66% compared to Spotify Technology S.A. (SPOT) at 16.23%. This indicates that RIVN'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
| RIVN | SPOT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.66% | 16.23% | +6.43% |
Volatility (6M)Calculated over the trailing 6-month period | 49.82% | 37.28% | +12.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 65.46% | 45.28% | +20.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 77.55% | 47.58% | +29.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 77.55% | 47.36% | +30.19% |
Dividends
RIVN vs. SPOT - Dividend Comparison
Neither RIVN nor SPOT has paid dividends to shareholders.
Financials
RIVN vs. SPOT - Financials Comparison
This section allows you to compare key financial metrics between Rivian Automotive, 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
RIVN vs. SPOT - Profitability Comparison
RIVN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Rivian Automotive, Inc. reported a gross profit of 119.00M and revenue of 1.38B. Therefore, the gross margin over that period was 8.6%.
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%.
RIVN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Rivian Automotive, Inc. reported an operating income of -881.00M and revenue of 1.38B, resulting in an operating margin of -63.8%.
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%.
RIVN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Rivian Automotive, Inc. reported a net income of -416.00M and revenue of 1.38B, resulting in a net margin of -30.1%.
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
RIVN and SPOT have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RIVN has higher volatility (22.66%) compared to SPOT (16.23%). In terms of maximum drawdown, RIVN dropped -95.12% vs SPOT's -80.51%.
RIVN currently has the higher Sharpe Ratio (0.31 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.
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