SPOT vs. IXC
SPOT (Spotify Technology S.A.) is a stock, while IXC (iShares Global Energy ETF) is Energy Equities fund tracking the S&P Global Energy Sector Index. Over the past 5 years, SPOT returned 15.60%/yr vs 19.64%/yr for IXC. At a 0.13 correlation, their price movements are largely independent.
Performance
SPOT vs. IXC - Performance Comparison
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Returns By Period
In the year-to-date period, SPOT achieves a -16.04% return, which is significantly lower than IXC's 32.22% return.
SPOT
- 1D
- -2.78%
- 1M
- 11.24%
- YTD
- -16.04%
- 6M
- -12.50%
- 1Y
- -27.35%
- 3Y*
- 47.56%
- 5Y*
- 15.60%
- 10Y*
- —
IXC
- 1D
- 0.87%
- 1M
- -1.75%
- YTD
- 32.22%
- 6M
- 30.00%
- 1Y
- 48.10%
- 3Y*
- 18.84%
- 5Y*
- 19.64%
- 10Y*
- 10.29%
SPOT vs. IXC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SPOT Spotify Technology S.A. | -16.04% | 29.80% | 138.08% | 138.01% | -66.27% | -25.62% | 110.40% | 31.76% | -23.83% |
IXC iShares Global Energy ETF | 32.22% | 13.98% | 1.95% | 3.92% | 48.51% | 40.88% | -31.00% | 12.67% | -10.89% |
Correlation
The correlation between SPOT and IXC is -0.05, 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 | -0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Apr 4, 2018 | 0.13 |
The correlation between SPOT and IXC shifts across timeframes, from -0.05 (1 year) to 0.13 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SPOT vs. IXC — Risk / Return Rank
SPOT
IXC
SPOT vs. IXC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Spotify Technology S.A. (SPOT) and iShares Global Energy ETF (IXC). 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.
| SPOT | IXC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.18 | ||
| Sortino ratioReturn per unit of downside risk | -3.92 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.42 | -0.50 |
| Calmar ratioReturn relative to maximum drawdown | -0.59 | 5.00 | -5.59 |
| Martin ratioReturn relative to average drawdown | -1.03 | 15.10 | -16.13 |
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
| SPOT | IXC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.60 | 2.58 | -3.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.33 | 0.84 | -0.51 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.38 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | 0.32 | +0.01 |
Drawdowns
SPOT vs. IXC - Drawdown Comparison
The maximum SPOT drawdown since its inception was -80.51%, which is greater than IXC's maximum drawdown of -67.88%. Use the drawdown chart below to compare losses from any high point for SPOT and IXC.
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Drawdown Indicators
| SPOT | IXC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.51% | -67.88% | -12.63% |
Max Drawdown (1Y)Largest decline over 1 year | -46.80% | -9.66% | -37.14% |
Max Drawdown (3Y)Largest decline over 3 years | -46.80% | -19.06% | -27.74% |
Max Drawdown (5Y)Largest decline over 5 years | -76.39% | -24.93% | -51.46% |
Max Drawdown (10Y)Largest decline over 10 years | — | -64.16% | — |
Current DrawdownCurrent decline from peak | -37.16% | -4.84% | -32.32% |
Average DrawdownAverage peak-to-trough decline | -30.80% | -17.48% | -13.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 26.48% | 3.20% | +23.28% |
Volatility
SPOT vs. IXC - Volatility Comparison
Spotify Technology S.A. (SPOT) has a higher volatility of 16.77% compared to iShares Global Energy ETF (IXC) at 7.50%. This indicates that SPOT's price experiences larger fluctuations and is considered to be riskier than IXC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPOT | IXC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.77% | 7.50% | +9.27% |
Volatility (6M)Calculated over the trailing 6-month period | 37.50% | 15.42% | +22.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.43% | 18.75% | +26.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.62% | 23.50% | +24.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 47.29% | 26.85% | +20.44% |
Dividends
SPOT vs. IXC - Dividend Comparison
SPOT has not paid dividends to shareholders, while IXC's dividend yield for the trailing twelve months is around 2.79%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IXC iShares Global Energy ETF | 2.79% | 3.68% | 4.56% | 3.45% | 4.76% | 3.98% | 4.86% | 7.00% | 3.51% | 3.05% | 2.86% | 3.77% |
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% |
Frequently Asked Questions
SPOT and IXC have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPOT has higher volatility (16.77%) compared to IXC (7.50%). In terms of maximum drawdown, SPOT dropped -80.51% vs IXC's -67.88%.
IXC currently has the higher Sharpe Ratio (2.58 vs -0.60), 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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