SIEMENS.NS vs. SPOT

Last updated Jun 13, 2026

SIEMENS.NS (Siemens Limited) and SPOT (Spotify Technology S.A.) are both stocks. SIEMENS.NS operates in Specialty Industrial Machinery (Industrials), while SPOT operates in Internet Content & Information (Communication Services). Over the past 5 years, SIEMENS.NS returned 27.31%/yr vs 20.74%/yr for SPOT. At a 0.02 correlation, their price movements are largely independent.

Performance

SIEMENS.NS vs. SPOT - Performance Comparison

The chart below illustrates the hypothetical performance of a ₹10,000 investment in Siemens Limited (SIEMENS.NS) and Spotify Technology S.A. (SPOT). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

SIEMENS.NS is traded in INR, while SPOT is traded in USD. To make them comparable, the SPOT values have been converted to INR using the latest available exchange rates.

Returns By Period

In the year-to-date period, SIEMENS.NS achieves a 16.53% return, which is significantly higher than SPOT's -12.13% return.

SIEMENS.NS

• 1D: 1.35%
• 1M: 1.06%
• YTD: 16.53%
• 6M: 13.52%
• 1Y: 9.25%
• 3Y*: 22.90%
• 5Y*: 27.31%
• 10Y*: 19.97%

SPOT

• 1D: -1.50%
• 1M: 11.25%
• YTD: -12.13%
• 6M: -15.31%
• 1Y: -23.75%
• 3Y*: 54.35%
• 5Y*: 20.74%
• 10Y*: —

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

SIEMENS.NS vs. SPOT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
SIEMENS.NS Siemens Limited	16.53%	-9.39%	63.13%	43.33%	20.47%	51.09%	6.28%	44.86%	-4.99%
SPOT Spotify Technology S.A.	-12.13%	36.01%	145.30%	139.66%	-62.64%	-24.14%	115.70%	35.10%	-26.82%

Correlation

The correlation between SIEMENS.NS and SPOT is -0.13, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.13
Correlation (3Y) Calculated over the trailing 3-year period	0.02
Correlation (5Y) Calculated over the trailing 5-year period	0.02
Correlation (All Time) Calculated using the full available price history since Apr 3, 2018	0.02

The correlation between SIEMENS.NS and SPOT shifts across timeframes, from -0.13 (1 year) to 0.02 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

SIEMENS.NS vs. SPOT — Risk / Return Rank

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

SIEMENS.NS

SIEMENS.NS Risk / Return Rank: 53
SIEMENS.NS Sharpe Ratio Rank: 54
SIEMENS.NS Sortino Ratio Rank: 48
SIEMENS.NS Omega Ratio Rank: 46
SIEMENS.NS Calmar Ratio Rank: 57
SIEMENS.NS Martin Ratio Rank: 58

SPOT

SPOT Risk / Return Rank: 16
SPOT Sharpe Ratio Rank: 13
SPOT Sortino Ratio Rank: 15
SPOT Omega Ratio Rank: 15
SPOT Calmar Ratio Rank: 18
SPOT Martin Ratio Rank: 17

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.

SIEMENS.NS vs. SPOT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Siemens Limited (SIEMENS.NS) 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.

	SIEMENS.NS	SPOT	Difference
Sharpe ratio: Return per unit of total volatility	0.31	-0.53	+0.84
Sortino ratio: Return per unit of downside risk	0.66	-0.53	+1.18
Omega ratio: Gain probability vs. loss probability	1.08	0.93	+0.15
Calmar ratio: Return relative to maximum drawdown	0.62	-0.54	+1.16
Martin ratio: Return relative to average drawdown	1.40	-1.02	+2.43

SIEMENS.NS vs. SPOT - Sharpe Ratio Comparison

The current SIEMENS.NS Sharpe Ratio is 0.31, which is higher than the SPOT Sharpe Ratio of -0.53. The chart below compares the historical Sharpe Ratios of SIEMENS.NS and SPOT, 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

SIEMENS.NS vs. SPOT - Drawdown Comparison

The maximum SIEMENS.NS drawdown since its inception was -76.36%, roughly equal to the maximum SPOT drawdown of -78.06%. Use the drawdown chart below to compare losses from any high point for SIEMENS.NS and SPOT.

Drawdown Indicators

	SIEMENS.NS	SPOT	Difference
Max Drawdown Largest peak-to-trough decline	-76.36%	-78.06%	+1.70%
Max Drawdown (1Y) Largest decline over 1 year	-15.28%	-43.91%	+28.63%
Max Drawdown (3Y) Largest decline over 3 years	-41.88%	-43.91%	+2.03%
Max Drawdown (5Y) Largest decline over 5 years	-41.88%	-74.24%	+32.36%
Max Drawdown (10Y) Largest decline over 10 years	-41.88%	—	—
Current Drawdown Current decline from peak	-13.59%	-31.01%	+17.42%
Average Drawdown Average peak-to-trough decline	-18.16%	-28.04%	+9.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.14%	23.22%	-16.08%

Volatility

SIEMENS.NS vs. SPOT - Volatility Comparison

The current volatility for Siemens Limited (SIEMENS.NS) is 11.27%, while Spotify Technology S.A. (SPOT) has a volatility of 15.93%. This indicates that SIEMENS.NS 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.

Volatility by Period

	SIEMENS.NS	SPOT	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.27%	15.93%	-4.66%
Volatility (6M) Calculated over the trailing 6-month period	25.79%	37.09%	-11.30%
Volatility (1Y) Calculated over the trailing 1-year period	30.79%	45.04%	-14.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.15%	47.05%	-16.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.86%	46.81%	-16.95%

Dividends

SIEMENS.NS vs. SPOT - Dividend Comparison

Neither SIEMENS.NS nor SPOT has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SIEMENS.NS Siemens Limited	0.00%	0.39%	0.29%	0.48%	0.55%	0.57%	0.86%	0.90%	1.29%	0.93%	5.45%	0.96%
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

Frequently Asked Questions

Can I hold both SIEMENS.NS and SPOT in my portfolio?

SIEMENS.NS 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.