SPOT vs. ^OEX
SPOT (Spotify Technology S.A.) is a stock, while ^OEX (S&P 100 Index) is an index. Over the past 5 years, SPOT returned 16.93%/yr vs 12.91%/yr for ^OEX. Their 0.44 correlation means their historical movements had little consistent relationship.
Performance
SPOT vs. ^OEX - Performance Comparison
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Returns By Period
In the year-to-date period, SPOT achieves a -13.91% return, which is significantly lower than ^OEX's 7.54% return.
SPOT
- 1D
- -4.34%
- 1M
- 2.87%
- 6M
- -0.08%
- YTD
- -13.91%
- 1Y
- -20.28%
- 3Y*
- 49.10%
- 5Y*
- 16.93%
- 10Y*
- —
- ALL TIME*
- 14.17%
^OEX
- 1D
- 0.93%
- 1M
- 0.53%
- 6M
- 7.38%
- YTD
- 7.54%
- 1Y
- 20.06%
- 3Y*
- 20.00%
- 5Y*
- 12.91%
- 10Y*
- 14.45%
- ALL TIME*
- 10.04%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
^OEX S&P 100 Index | $17.39T | $17.89T | $20.26T |
| $931.26M | $810.43M | $959.57M |
SPOT vs. ^OEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SPOT Spotify Technology S.A. | -13.91% | 29.80% | 138.08% | 138.01% | -66.27% | -25.62% | 110.40% | 31.76% | -31.59% |
^OEX S&P 100 Index | 7.54% | 18.76% | 29.25% | 30.83% | -22.12% | 27.55% | 19.30% | 29.47% | -1.57% |
Correlation
The correlation between SPOT and ^OEX is 0.19, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.19 |
Correlation (3Y) Balances recent behavior with more history. | 0.34 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.48 |
Correlation (All Time) Calculated using the full available price history since Apr 3, 2018 | 0.44 |
Over the past year, the correlation between SPOT and ^OEX has dropped to 0.19 - well below their long-term average of 0.44, suggesting their price drivers have been diverging.
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Return for Risk
SPOT vs. ^OEX — Risk / Return Rank
SPOT
^OEX
SPOT vs. ^OEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Spotify Technology S.A. (SPOT) and S&P 100 Index (^OEX). 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.
| SPOT | ^OEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.76 | ||
| Sortino ratioReturn per unit of downside risk | -2.26 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.23 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | -0.46 | 1.59 | -2.05 |
| Martin ratioReturn relative to average drawdown | -0.74 | 5.97 | -6.72 |
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Drawdowns
SPOT vs. ^OEX - Drawdown Comparison
The maximum SPOT drawdown since its inception was -80.51%, which is greater than ^OEX's maximum drawdown of -61.31%. Use the drawdown chart below to compare losses from any high point for SPOT and ^OEX.
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Drawdown Indicators
| SPOT | ^OEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.51% | -61.31% | -19.20% |
Max Drawdown (1Y)Largest decline over 1 year | -44.11% | -11.30% | -32.81% |
Max Drawdown (3Y)Largest decline over 3 years | -46.80% | -19.89% | -26.91% |
Max Drawdown (5Y)Largest decline over 5 years | -76.39% | -27.23% | -49.16% |
Max Drawdown (10Y)Largest decline over 10 years | — | -31.53% | — |
Current DrawdownCurrent decline from peak | -35.57% | -2.43% | -33.14% |
Average DrawdownAverage peak-to-trough decline | -30.98% | -12.63% | -18.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 27.21% | 3.00% | +24.21% |
Volatility
SPOT vs. ^OEX - Volatility Comparison
Spotify Technology S.A. (SPOT) has a higher volatility of 10.13% compared to S&P 100 Index (^OEX) at 4.08%. This indicates that SPOT's price experiences larger fluctuations and is considered to be riskier than ^OEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPOT | ^OEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.13% | 4.08% | +6.05% |
Volatility (6M)Calculated over the trailing 6-month period | 38.00% | 10.94% | +27.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.58% | 13.87% | +29.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.62% | 17.91% | +29.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 47.19% | 18.52% | +28.67% |
Frequently Asked Questions
SPOT and ^OEX have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPOT has higher volatility (10.13%) compared to ^OEX (4.08%). In terms of maximum drawdown, SPOT dropped -80.51% vs ^OEX's -61.31%.
^OEX currently has the higher Sharpe Ratio (1.29 vs -0.47), 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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