SPOT vs. JPM
SPOT (Spotify Technology S.A.) and JPM (JPMorgan Chase & Co.) are both stocks. SPOT operates in Internet Content & Information (Communication Services), while JPM operates in Banks - Diversified (Financial Services). Over the past 5 years, SPOT returned 14.62%/yr vs 17.82%/yr for JPM. At a 0.19 correlation, their price movements are largely independent.
Performance
SPOT vs. JPM - Performance Comparison
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Returns By Period
In the year-to-date period, SPOT achieves a -17.00% return, which is significantly lower than JPM's 0.50% return.
SPOT
- 1D
- -0.82%
- 1M
- 11.43%
- YTD
- -17.00%
- 6M
- -19.37%
- 1Y
- -32.19%
- 3Y*
- 47.06%
- 5Y*
- 14.62%
- 10Y*
- —
JPM
- 1D
- 2.31%
- 1M
- 7.69%
- YTD
- 0.50%
- 6M
- 1.66%
- 1Y
- 23.40%
- 3Y*
- 34.22%
- 5Y*
- 17.82%
- 10Y*
- 21.02%
SPOT vs. JPM - 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% |
JPM JPMorgan Chase & Co. | 0.50% | 37.27% | 44.29% | 30.63% | -12.64% | 27.75% | -5.53% | 47.26% | -7.89% |
Correlation
The correlation between SPOT and JPM 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 | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Apr 3, 2018 | 0.19 |
The correlation between SPOT and JPM shifts across timeframes, from 0.05 (1 year) to 0.24 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
SPOT:
$100.87B
JPM:
$896.00B
SPOT:
€12.94
JPM:
$21.08
SPOT:
32.21
JPM:
15.21
SPOT:
0.36
JPM:
1.68
SPOT:
4.98
JPM:
3.14
SPOT:
10.87
JPM:
2.60
SPOT:
€17.60B
JPM:
$285.09B
SPOT:
€5.68B
JPM:
$173.52B
SPOT:
€2.75B
JPM:
$81.46B
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Return for Risk
SPOT vs. JPM — Risk / Return Rank
SPOT
JPM
SPOT vs. JPM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Spotify Technology S.A. (SPOT) and JPMorgan Chase & Co. (JPM). 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 | JPM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.71 | ||
| Sortino ratioReturn per unit of downside risk | -2.27 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 1.18 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | -0.67 | 1.42 | -2.09 |
| Martin ratioReturn relative to average drawdown | -1.16 | 3.36 | -4.51 |
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Drawdowns
SPOT vs. JPM - Drawdown Comparison
The maximum SPOT drawdown since its inception was -80.51%, which is greater than JPM's maximum drawdown of -76.16%. Use the drawdown chart below to compare losses from any high point for SPOT and JPM.
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Drawdown Indicators
| SPOT | JPM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.51% | -76.16% | -4.35% |
Max Drawdown (1Y)Largest decline over 1 year | -46.80% | -15.47% | -31.33% |
Max Drawdown (3Y)Largest decline over 3 years | -46.80% | -24.42% | -22.38% |
Max Drawdown (5Y)Largest decline over 5 years | -76.39% | -38.77% | -37.62% |
Max Drawdown (10Y)Largest decline over 10 years | — | -43.63% | — |
Current DrawdownCurrent decline from peak | -37.88% | -3.66% | -34.22% |
Average DrawdownAverage peak-to-trough decline | -30.87% | -17.62% | -13.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 27.16% | 6.54% | +20.62% |
Volatility
SPOT vs. JPM - Volatility Comparison
Spotify Technology S.A. (SPOT) has a higher volatility of 16.23% compared to JPMorgan Chase & Co. (JPM) at 6.35%. This indicates that SPOT's price experiences larger fluctuations and is considered to be riskier than JPM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPOT | JPM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.23% | 6.35% | +9.88% |
Volatility (6M)Calculated over the trailing 6-month period | 37.28% | 16.67% | +20.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.28% | 21.76% | +23.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.58% | 24.46% | +23.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 47.36% | 27.39% | +19.97% |
Dividends
SPOT vs. JPM - Dividend Comparison
SPOT has not paid dividends to shareholders, while JPM's dividend yield for the trailing twelve months is around 1.84%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JPM JPMorgan Chase & Co. | 1.84% | 1.72% | 1.92% | 2.38% | 2.98% | 2.34% | 2.83% | 2.37% | 2.54% | 1.91% | 2.13% | 2.54% |
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. JPM - Financials Comparison
This section allows you to compare key financial metrics between Spotify Technology S.A. and JPMorgan Chase & Co.. 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. JPM - 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%.
JPM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, JPMorgan Chase & Co. reported a gross profit of 47.33B and revenue of 73.66B. Therefore, the gross margin over that period was 64.3%.
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%.
JPM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, JPMorgan Chase & Co. reported an operating income of 20.48B and revenue of 73.66B, resulting in an operating margin of 27.8%.
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%.
JPM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, JPMorgan Chase & Co. reported a net income of 16.49B and revenue of 73.66B, resulting in a net margin of 22.4%.
Frequently Asked Questions
SPOT and JPM 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 (16.23%) compared to JPM (6.35%). In terms of maximum drawdown, SPOT dropped -80.51% vs JPM's -76.16%.
JPM currently has the higher Sharpe Ratio (1.01 vs -0.70), 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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