SPOT vs. AVAV
SPOT (Spotify Technology S.A.) and AVAV (AeroVironment, Inc.) are both stocks. SPOT operates in Internet Content & Information (Communication Services), while AVAV operates in Aerospace & Defense (Industrials). Over the past 5 years, SPOT returned 12.34%/yr vs 6.33%/yr for AVAV. At a 0.28 correlation, their price movements are largely independent.
Performance
SPOT vs. AVAV - Performance Comparison
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Returns By Period
In the year-to-date period, SPOT achieves a -20.90% return, which is significantly higher than AVAV's -37.44% return.
SPOT
- 1D
- -1.87%
- 1M
- -11.64%
- YTD
- -20.90%
- 6M
- -20.64%
- 1Y
- -35.07%
- 3Y*
- 42.88%
- 5Y*
- 12.34%
- 10Y*
- —
AVAV
- 1D
- -10.78%
- 1M
- -13.14%
- YTD
- -37.44%
- 6M
- -40.75%
- 1Y
- -20.21%
- 3Y*
- 18.52%
- 5Y*
- 6.33%
- 10Y*
- 17.76%
SPOT vs. AVAV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SPOT Spotify Technology S.A. | -20.90% | 29.80% | 138.08% | 138.01% | -66.27% | -25.62% | 110.40% | 31.76% | -31.59% |
AVAV AeroVironment, Inc. | -37.44% | 57.18% | 22.10% | 47.14% | 38.09% | -28.62% | 40.75% | -9.14% | 50.23% |
Correlation
The correlation between SPOT and AVAV is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Apr 3, 2018 | 0.28 |
The correlation between SPOT and AVAV shifts across timeframes, from 0.19 (1 year) to 0.30 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
SPOT:
$96.13B
AVAV:
$7.38B
SPOT:
€12.94
AVAV:
-$4.63
SPOT:
4.78
AVAV:
6.15
SPOT:
10.45
AVAV:
1.73
SPOT:
€17.60B
AVAV:
$1.19B
SPOT:
€5.68B
AVAV:
$104.63M
SPOT:
€2.75B
AVAV:
-$242.06M
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Return for Risk
SPOT vs. AVAV — Risk / Return Rank
SPOT
AVAV
SPOT vs. AVAV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Spotify Technology S.A. (SPOT) and AeroVironment, Inc. (AVAV). 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 | AVAV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.50 | ||
| Sortino ratioReturn per unit of downside risk | -1.10 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 1.01 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | -0.75 | -0.32 | -0.43 |
| Martin ratioReturn relative to average drawdown | -1.27 | -0.57 | -0.70 |
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Drawdowns
SPOT vs. AVAV - Drawdown Comparison
The maximum SPOT drawdown since its inception was -80.51%, which is greater than AVAV's maximum drawdown of -63.07%. Use the drawdown chart below to compare losses from any high point for SPOT and AVAV.
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Drawdown Indicators
| SPOT | AVAV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.51% | -63.07% | -17.44% |
Max Drawdown (1Y)Largest decline over 1 year | -46.80% | -63.07% | +16.27% |
Max Drawdown (3Y)Largest decline over 3 years | -46.80% | -63.07% | +16.27% |
Max Drawdown (5Y)Largest decline over 5 years | -76.39% | -63.07% | -13.32% |
Max Drawdown (10Y)Largest decline over 10 years | — | -63.07% | — |
Current DrawdownCurrent decline from peak | -40.80% | -63.07% | +22.27% |
Average DrawdownAverage peak-to-trough decline | -30.89% | -28.74% | -2.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 27.73% | 35.45% | -7.72% |
Volatility
SPOT vs. AVAV - Volatility Comparison
The current volatility for Spotify Technology S.A. (SPOT) is 16.88%, while AeroVironment, Inc. (AVAV) has a volatility of 28.81%. This indicates that SPOT experiences smaller price fluctuations and is considered to be less risky than AVAV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPOT | AVAV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.88% | 28.81% | -11.93% |
Volatility (6M)Calculated over the trailing 6-month period | 37.35% | 58.84% | -21.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.57% | 75.19% | -29.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.59% | 56.27% | -8.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 47.34% | 52.19% | -4.85% |
Dividends
SPOT vs. AVAV - Dividend Comparison
Neither SPOT nor AVAV has paid dividends to shareholders.
Financials
SPOT vs. AVAV - Financials Comparison
This section allows you to compare key financial metrics between Spotify Technology S.A. and AeroVironment, Inc.. 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
Frequently Asked Questions
SPOT and AVAV 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.
AVAV has higher volatility (28.81%) compared to SPOT (16.88%). In terms of maximum drawdown, SPOT dropped -80.51% vs AVAV's -63.07%.
AVAV currently has the higher Sharpe Ratio (-0.27 vs -0.77), 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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