SPOK vs. ET
SPOK (Spok Holdings, Inc.) and ET (Energy Transfer LP) are both stocks. SPOK operates in Health Information Services (Healthcare), while ET operates in Oil & Gas Midstream (Energy). Over the past 10 years, SPOK returned 2.05%/yr vs 12.65%/yr for ET. At a 0.18 correlation, their price movements are largely independent.
Performance
SPOK vs. ET - Performance Comparison
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Returns By Period
In the year-to-date period, SPOK achieves a -15.10% return, which is significantly lower than ET's 22.86% return. Over the past 10 years, SPOK has underperformed ET with an annualized return of 2.05%, while ET has yielded a comparatively higher 12.65% annualized return.
SPOK
- 1D
- -3.29%
- 1M
- 1.12%
- YTD
- -15.10%
- 6M
- -14.65%
- 1Y
- -27.45%
- 3Y*
- 4.01%
- 5Y*
- 9.05%
- 10Y*
- 2.05%
ET
- 1D
- 0.05%
- 1M
- -0.96%
- YTD
- 22.86%
- 6M
- 21.25%
- 1Y
- 17.66%
- 3Y*
- 24.39%
- 5Y*
- 21.90%
- 10Y*
- 12.65%
SPOK vs. ET - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPOK Spok Holdings, Inc. | -15.10% | -10.96% | 12.06% | 107.98% | 2.88% | -11.89% | -4.22% | -4.21% | -12.37% | -22.32% |
ET Energy Transfer LP | 22.86% | -9.37% | 53.87% | 27.87% | 55.74% | 42.96% | -44.92% | 5.88% | -17.74% | -4.66% |
Correlation
The correlation between SPOK and ET is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Feb 6, 2006 | 0.18 |
Fundamentals
SPOK:
$223.89M
ET:
$67.59B
SPOK:
$0.60
ET:
$1.36
SPOK:
17.55
ET:
14.36
SPOK:
1.63
ET:
0.78
SPOK:
1.59
ET:
1.36
SPOK:
$136.64M
ET:
$89.38B
SPOK:
$113.27M
ET:
$20.48B
SPOK:
$21.05M
ET:
$13.02B
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Return for Risk
SPOK vs. ET — Risk / Return Rank
SPOK
ET
SPOK vs. ET - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Spok Holdings, Inc. (SPOK) and Energy Transfer LP (ET). 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.
| SPOK | ET | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.02 | ||
| Sortino ratioReturn per unit of downside risk | -2.80 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 1.19 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | -0.69 | 1.77 | -2.46 |
| Martin ratioReturn relative to average drawdown | -1.13 | 3.90 | -5.03 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SPOK | ET | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.93 | 1.09 | -2.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.27 | 0.89 | -0.62 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.06 | 0.36 | -0.31 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.07 | 0.36 | -0.29 |
Drawdowns
SPOK vs. ET - Drawdown Comparison
The maximum SPOK drawdown since its inception was -73.90%, smaller than the maximum ET drawdown of -87.81%. Use the drawdown chart below to compare losses from any high point for SPOK and ET.
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Drawdown Indicators
| SPOK | ET | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.90% | -87.81% | +13.91% |
Max Drawdown (1Y)Largest decline over 1 year | -39.88% | -10.02% | -29.86% |
Max Drawdown (3Y)Largest decline over 3 years | -39.88% | -24.56% | -15.32% |
Max Drawdown (5Y)Largest decline over 5 years | -39.88% | -25.82% | -14.06% |
Max Drawdown (10Y)Largest decline over 10 years | -62.99% | -72.82% | +9.83% |
Current DrawdownCurrent decline from peak | -37.82% | -4.12% | -33.70% |
Average DrawdownAverage peak-to-trough decline | -28.09% | -25.75% | -2.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.28% | 4.55% | +19.73% |
Volatility
SPOK vs. ET - Volatility Comparison
Spok Holdings, Inc. (SPOK) has a higher volatility of 6.60% compared to Energy Transfer LP (ET) at 5.97%. This indicates that SPOK's price experiences larger fluctuations and is considered to be riskier than ET based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPOK | ET | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.60% | 5.97% | +0.63% |
Volatility (6M)Calculated over the trailing 6-month period | 20.91% | 11.89% | +9.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.53% | 16.42% | +13.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.11% | 24.90% | +9.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.28% | 35.04% | +1.24% |
Dividends
SPOK vs. ET - Dividend Comparison
SPOK's dividend yield for the trailing twelve months is around 11.80%, more than ET's 6.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ET Energy Transfer LP | 6.83% | 7.97% | 6.51% | 8.95% | 7.33% | 7.41% | 17.27% | 9.51% | 9.24% | 6.66% | 5.90% | 7.42% |
SPOK Spok Holdings, Inc. | 11.80% | 9.48% | 7.79% | 8.07% | 15.26% | 5.36% | 4.49% | 4.09% | 3.77% | 3.19% | 3.61% | 3.41% |
Financials
SPOK vs. ET - Financials Comparison
This section allows you to compare key financial metrics between Spok Holdings, Inc. and Energy Transfer LP. 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
SPOK vs. ET - Profitability Comparison
SPOK - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Spok Holdings, Inc. reported a gross profit of 25.50M and revenue of 33.23M. Therefore, the gross margin over that period was 76.7%.
ET - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Energy Transfer LP reported a gross profit of 6.62B and revenue of 27.77B. Therefore, the gross margin over that period was 23.9%.
SPOK - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Spok Holdings, Inc. reported an operating income of 2.44M and revenue of 33.23M, resulting in an operating margin of 7.4%.
ET - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Energy Transfer LP reported an operating income of 2.98B and revenue of 27.77B, resulting in an operating margin of 10.7%.
SPOK - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Spok Holdings, Inc. reported a net income of 1.99M and revenue of 33.23M, resulting in a net margin of 6.0%.
ET - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Energy Transfer LP reported a net income of 1.25B and revenue of 27.77B, resulting in a net margin of 4.5%.
Frequently Asked Questions
SPOK and ET have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPOK has higher volatility (6.60%) compared to ET (5.97%). In terms of maximum drawdown, SPOK dropped -73.90% vs ET's -87.81%.
ET currently has the higher Sharpe Ratio (1.09 vs -0.93), 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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