SPOT vs. 298040.KS

Last updated Jun 13, 2026

SPOT (Spotify Technology S.A.) and 298040.KS (Hyosung Heavy Industries Corp) are both stocks. SPOT operates in Internet Content & Information (Communication Services), while 298040.KS operates in Specialty Industrial Machinery (Industrials). Over the past 5 years, SPOT returned 14.62%/yr vs 101.14%/yr for 298040.KS. At a 0.02 correlation, their price movements are largely independent.

Performance

SPOT vs. 298040.KS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Spotify Technology S.A. (SPOT) and Hyosung Heavy Industries Corp (298040.KS). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

SPOT is traded in USD, while 298040.KS is traded in KRW. To make them comparable, the 298040.KS values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, SPOT achieves a -17.00% return, which is significantly lower than 298040.KS's 79.68% return.

SPOT

• 1D: -0.82%
• 1M: 11.86%
• YTD: -17.00%
• 6M: -19.37%
• 1Y: -31.42%
• 3Y*: 47.06%
• 5Y*: 14.62%
• 10Y*: —

298040.KS

• 1D: 4.32%
• 1M: -21.01%
• YTD: 79.68%
• 6M: 67.94%
• 1Y: 348.74%
• 3Y*: 215.13%
• 5Y*: 101.14%
• 10Y*: —

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

SPOT vs. 298040.KS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
SPOT Spotify Technology S.A.	-17.00%	29.80%	138.08%	138.01%	-66.27%	-25.62%	110.40%	31.76%	-39.74%
298040.KS Hyosung Heavy Industries Corp	79.68%	365.22%	115.60%	105.98%	26.27%	-14.55%	148.87%	-37.86%	-29.99%

Correlation

The correlation between SPOT and 298040.KS 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	-0.03
Correlation (5Y) Calculated over the trailing 5-year period	0.00
Correlation (All Time) Calculated using the full available price history since Jul 13, 2018	0.02

The correlation between SPOT and 298040.KS shifts across timeframes, from -0.13 (1 year) to 0.02 (all time), reflecting how their relationship changes across market environments.

Return for Risk

SPOT vs. 298040.KS — Risk / Return Rank

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

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

298040.KS

298040.KS Risk / Return Rank: 98
298040.KS Sharpe Ratio Rank: 99
298040.KS Sortino Ratio Rank: 98
298040.KS Omega Ratio Rank: 97
298040.KS Calmar Ratio Rank: 99
298040.KS Martin Ratio Rank: 99

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.

SPOT vs. 298040.KS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Spotify Technology S.A. (SPOT) and Hyosung Heavy Industries Corp (298040.KS). 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	298040.KS	Difference
Sharpe ratio: Return per unit of total volatility	-0.70	5.61	-6.31
Sortino ratio: Return per unit of downside risk	-0.84	4.73	-5.57
Omega ratio: Gain probability vs. loss probability	0.89	1.59	-0.69
Calmar ratio: Return relative to maximum drawdown	-0.67	10.85	-11.53
Martin ratio: Return relative to average drawdown	-1.16	29.82	-30.98

SPOT vs. 298040.KS - Sharpe Ratio Comparison

The current SPOT Sharpe Ratio is -0.70, which is lower than the 298040.KS Sharpe Ratio of 5.61. The chart below compares the historical Sharpe Ratios of SPOT and 298040.KS, 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

SPOT vs. 298040.KS - Drawdown Comparison

The maximum SPOT drawdown since its inception was -80.51%, smaller than the maximum 298040.KS drawdown of -87.71%. Use the drawdown chart below to compare losses from any high point for SPOT and 298040.KS.

Drawdown Indicators

	SPOT	298040.KS	Difference
Max Drawdown Largest peak-to-trough decline	-80.51%	-87.71%	+7.20%
Max Drawdown (1Y) Largest decline over 1 year	-46.80%	-34.22%	-12.58%
Max Drawdown (3Y) Largest decline over 3 years	-46.80%	-44.09%	-2.71%
Max Drawdown (5Y) Largest decline over 5 years	-76.39%	-52.45%	-23.94%
Current Drawdown Current decline from peak	-37.88%	-30.08%	-7.80%
Average Drawdown Average peak-to-trough decline	-30.87%	-26.21%	-4.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	27.16%	12.25%	+14.91%

Volatility

SPOT vs. 298040.KS - Volatility Comparison

The current volatility for Spotify Technology S.A. (SPOT) is 16.23%, while Hyosung Heavy Industries Corp (298040.KS) has a volatility of 20.99%. This indicates that SPOT experiences smaller price fluctuations and is considered to be less risky than 298040.KS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPOT	298040.KS	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.23%	20.99%	-4.76%
Volatility (6M) Calculated over the trailing 6-month period	37.28%	50.74%	-13.46%
Volatility (1Y) Calculated over the trailing 1-year period	45.28%	66.18%	-20.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	47.58%	61.52%	-13.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	47.36%	61.07%	-13.71%

Dividends

SPOT vs. 298040.KS - Dividend Comparison

SPOT has not paid dividends to shareholders, while 298040.KS's dividend yield for the trailing twelve months is around 0.22%.

Position	TTM	2025	2024	2023
298040.KS Hyosung Heavy Industries Corp	0.22%	0.42%	1.27%	1.54%
SPOT Spotify Technology S.A.	0.00%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both SPOT and 298040.KS in my portfolio?

SPOT and 298040.KS 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.