SPOT vs. KULR

Last updated Jun 9, 2026

SPOT (Spotify Technology S.A.) and KULR (KULR Technology Group, Inc.) are both stocks. SPOT operates in Internet Content & Information (Communication Services), while KULR operates in Electronic Components (Technology). Over the past 5 years, SPOT returned 16.18%/yr vs -29.09%/yr for KULR. At a 0.16 correlation, their price movements are largely independent.

Performance

SPOT vs. KULR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Spotify Technology S.A. (SPOT) and KULR Technology Group, Inc. (KULR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SPOT achieves a -13.36% return, which is significantly lower than KULR's 26.01% return.

SPOT

• 1D: 1.24%
• 1M: 20.42%
• YTD: -13.36%
• 6M: -12.09%
• 1Y: -29.36%
• 3Y*: 49.53%
• 5Y*: 16.18%
• 10Y*: —

KULR

• 1D: -2.10%
• 1M: 29.07%
• YTD: 26.01%
• 6M: -3.62%
• 1Y: -60.49%
• 3Y*: -11.82%
• 5Y*: -29.09%
• 10Y*: —

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

SPOT vs. KULR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
SPOT Spotify Technology S.A.	-13.36%	29.80%	138.08%	138.01%	-66.27%	-25.62%	110.40%	31.76%	-39.03%
KULR KULR Technology Group, Inc.	26.01%	-89.58%	1,818.92%	-84.58%	-56.52%	87.76%	-2.00%	-42.31%	73.33%

Correlation

The correlation between SPOT and KULR is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.11
Correlation (3Y) Calculated over the trailing 3-year period	0.15
Correlation (5Y) Calculated over the trailing 5-year period	0.21
Correlation (All Time) Calculated using the full available price history since Jul 19, 2018	0.16

The correlation between SPOT and KULR shifts across timeframes, from 0.11 (1 year) to 0.21 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap SPOT : $105.30B KULR : $148.18M
EPS SPOT : $12.94 KULR : -$1.57
PS Ratio SPOT : 6.01 KULR : 9.11
PB Ratio SPOT : 13.13 KULR : 1.22
Total Revenue (TTM) SPOT : $17.60B KULR : $16.17M
Gross Profit (TTM) SPOT : $5.68B KULR : $770.97K
EBITDA (TTM) SPOT : $2.75B KULR : -$60.59M

Return for Risk

SPOT vs. KULR — 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: 14
SPOT Sortino Ratio Rank: 15
SPOT Omega Ratio Rank: 16
SPOT Calmar Ratio Rank: 19
SPOT Martin Ratio Rank: 19

KULR

KULR Risk / Return Rank: 19
KULR Sharpe Ratio Rank: 17
KULR Sortino Ratio Rank: 20
KULR Omega Ratio Rank: 21
KULR Calmar Ratio Rank: 13
KULR Martin Ratio Rank: 22

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. KULR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Spotify Technology S.A. (SPOT) and KULR Technology Group, Inc. (KULR). 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	KULR	Difference
Sharpe ratio: Return per unit of total volatility	-0.65	-0.57	-0.08
Sortino ratio: Return per unit of downside risk	-0.75	-0.52	-0.23
Omega ratio: Gain probability vs. loss probability	0.90	0.94	-0.04
Calmar ratio: Return relative to maximum drawdown	-0.63	-0.76	+0.13
Martin ratio: Return relative to average drawdown	-1.10	-0.99	-0.10
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SPOT vs. KULR - Sharpe Ratio Comparison

The current SPOT Sharpe Ratio is -0.65, which is comparable to the KULR Sharpe Ratio of -0.57. The chart below compares the historical Sharpe Ratios of SPOT and KULR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SPOT	KULR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.65	-0.57	-0.08
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.34	-0.23	+0.57
Sharpe Ratio (All Time) Calculated using the full available price history	0.34	-0.11	+0.45

Drawdowns

SPOT vs. KULR - Drawdown Comparison

The maximum SPOT drawdown since its inception was -80.51%, smaller than the maximum KULR drawdown of -97.23%. Use the drawdown chart below to compare losses from any high point for SPOT and KULR.

Drawdown Indicators

	SPOT	KULR	Difference
Max Drawdown Largest peak-to-trough decline	-80.51%	-97.23%	+16.72%
Max Drawdown (1Y) Largest decline over 1 year	-46.80%	-79.80%	+33.00%
Max Drawdown (3Y) Largest decline over 3 years	-46.80%	-94.74%	+47.94%
Max Drawdown (5Y) Largest decline over 5 years	-76.39%	-96.86%	+20.47%
Current Drawdown Current decline from peak	-35.16%	-90.29%	+55.13%
Average Drawdown Average peak-to-trough decline	-30.81%	-66.23%	+35.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	26.76%	60.84%	-34.08%

Volatility

SPOT vs. KULR - Volatility Comparison

The current volatility for Spotify Technology S.A. (SPOT) is 15.97%, while KULR Technology Group, Inc. (KULR) has a volatility of 47.09%. This indicates that SPOT experiences smaller price fluctuations and is considered to be less risky than KULR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPOT	KULR	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.97%	47.09%	-31.12%
Volatility (6M) Calculated over the trailing 6-month period	37.40%	76.46%	-39.06%
Volatility (1Y) Calculated over the trailing 1-year period	45.30%	106.05%	-60.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	47.60%	126.05%	-78.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	47.26%	126.51%	-79.25%

Dividends

SPOT vs. KULR - Dividend Comparison

Neither SPOT nor KULR has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both SPOT and KULR in my portfolio?

SPOT and KULR have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SPOT or KULR?

KULR has higher volatility (47.09%) compared to SPOT (15.97%). In terms of maximum drawdown, SPOT dropped -80.51% vs KULR's -97.23%.

Which has better risk-adjusted returns?

KULR currently has the higher Sharpe Ratio (-0.57 vs -0.65), 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.