SPOT vs. DOL.TO
SPOT (Spotify Technology S.A.) and DOL.TO (Dollarama Inc.) are both stocks. SPOT operates in Internet Content & Information (Communication Services), while DOL.TO operates in Discount Stores (Consumer Defensive). Over the past 5 years, SPOT returned 14.62%/yr vs 24.61%/yr for DOL.TO. At a 0.14 correlation, their price movements are largely independent.
Performance
SPOT vs. DOL.TO - Performance Comparison
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Different Trading Currencies
SPOT is traded in USD, while DOL.TO is traded in CAD. To make them comparable, the DOL.TO 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 DOL.TO's -8.76% return.
SPOT
- 1D
- -0.82%
- 1M
- 11.86%
- YTD
- -17.00%
- 6M
- -19.37%
- 1Y
- -31.42%
- 3Y*
- 47.06%
- 5Y*
- 14.62%
- 10Y*
- —
DOL.TO
- 1D
- -2.74%
- 1M
- 9.37%
- YTD
- -8.76%
- 6M
- -6.90%
- 1Y
- -3.58%
- 3Y*
- 29.53%
- 5Y*
- 24.61%
- 10Y*
- 19.56%
SPOT vs. DOL.TO - 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% | -31.59% |
DOL.TO Dollarama Inc. | -8.76% | 53.61% | 35.84% | 23.91% | 17.98% | 22.53% | 19.52% | 43.95% | -41.41% |
Correlation
The correlation between SPOT and DOL.TO is 0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Apr 3, 2018 | 0.14 |
The correlation between SPOT and DOL.TO shifts across timeframes, from 0.03 (1 year) to 0.14 (all time), reflecting how their relationship changes across market environments.
Fundamentals
SPOT:
$100.87B
DOL.TO:
CA$52.20B
SPOT:
€12.94
DOL.TO:
CA$4.86
SPOT:
32.21
DOL.TO:
39.32
SPOT:
0.36
DOL.TO:
1.83
SPOT:
4.98
DOL.TO:
6.94
SPOT:
10.87
DOL.TO:
38.10
SPOT:
€17.60B
DOL.TO:
CA$7.58B
SPOT:
€5.68B
DOL.TO:
CA$3.09B
SPOT:
€2.75B
DOL.TO:
CA$2.23B
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Return for Risk
SPOT vs. DOL.TO — Risk / Return Rank
SPOT
DOL.TO
SPOT vs. DOL.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Spotify Technology S.A. (SPOT) and Dollarama Inc. (DOL.TO). 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 | DOL.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.54 | ||
| Sortino ratioReturn per unit of downside risk | -0.79 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 0.99 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | -0.67 | -0.18 | -0.49 |
| Martin ratioReturn relative to average drawdown | -1.16 | -0.40 | -0.76 |
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Drawdowns
SPOT vs. DOL.TO - Drawdown Comparison
The maximum SPOT drawdown since its inception was -80.51%, which is greater than DOL.TO's maximum drawdown of -49.54%. Use the drawdown chart below to compare losses from any high point for SPOT and DOL.TO.
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Drawdown Indicators
| SPOT | DOL.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.51% | -49.54% | -30.97% |
Max Drawdown (1Y)Largest decline over 1 year | -46.80% | -19.95% | -26.85% |
Max Drawdown (3Y)Largest decline over 3 years | -46.80% | -19.95% | -26.85% |
Max Drawdown (5Y)Largest decline over 5 years | -76.39% | -19.95% | -56.44% |
Max Drawdown (10Y)Largest decline over 10 years | — | -49.54% | — |
Current DrawdownCurrent decline from peak | -37.88% | -9.16% | -28.72% |
Average DrawdownAverage peak-to-trough decline | -30.87% | -7.89% | -22.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 27.16% | 8.98% | +18.18% |
Volatility
SPOT vs. DOL.TO - Volatility Comparison
Spotify Technology S.A. (SPOT) has a higher volatility of 16.23% compared to Dollarama Inc. (DOL.TO) at 11.28%. This indicates that SPOT's price experiences larger fluctuations and is considered to be riskier than DOL.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPOT | DOL.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.23% | 11.28% | +4.95% |
Volatility (6M)Calculated over the trailing 6-month period | 37.28% | 20.51% | +16.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.28% | 23.53% | +21.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.58% | 22.79% | +24.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 47.36% | 25.33% | +22.03% |
Dividends
SPOT vs. DOL.TO - Dividend Comparison
SPOT has not paid dividends to shareholders, while DOL.TO's dividend yield for the trailing twelve months is around 0.23%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DOL.TO Dollarama Inc. | 0.23% | 0.20% | 0.25% | 0.28% | 0.27% | 0.31% | 0.34% | 0.39% | 0.95% | 0.82% | 1.19% | 1.31% |
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
SPOT vs. DOL.TO - Financials Comparison
This section allows you to compare key financial metrics between Spotify Technology S.A. and Dollarama 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
SPOT vs. DOL.TO - Profitability Comparison
SPOT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Spotify Technology S.A. reported a gross profit of 1.51B and revenue of 4.61B. Therefore, the gross margin over that period was 32.9%.
DOL.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Dollarama Inc. reported a gross profit of 686.75M and revenue of 1.85B. Therefore, the gross margin over that period was 37.2%.
SPOT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Spotify Technology S.A. reported an operating income of 726.76M and revenue of 4.61B, resulting in an operating margin of 15.8%.
DOL.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Dollarama Inc. reported an operating income of 382.72M and revenue of 1.85B, resulting in an operating margin of 20.7%.
SPOT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Spotify Technology S.A. reported a net income of 732.86M and revenue of 4.61B, resulting in a net margin of 15.9%.
DOL.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Dollarama Inc. reported a net income of 302.27M and revenue of 1.85B, resulting in a net margin of 16.4%.
Frequently Asked Questions
SPOT and DOL.TO have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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