SPOT vs. NIXT
SPOT (Spotify Technology S.A.) is a stock, while NIXT (Research Affiliates Deletions ETF) is Mid Cap Value Equities fund tracking the Research Affiliates Deletions Index. Over the past year, SPOT returned -29.36% vs 31.07% for NIXT. At a 0.19 correlation, their price movements are largely independent.
Performance
SPOT vs. NIXT - Performance Comparison
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Returns By Period
In the year-to-date period, SPOT achieves a -13.36% return, which is significantly lower than NIXT's 17.85% return.
SPOT
- 1D
- 1.24%
- 1M
- 20.42%
- YTD
- -13.36%
- 6M
- -12.09%
- 1Y
- -29.36%
- 3Y*
- 49.53%
- 5Y*
- 16.18%
- 10Y*
- —
NIXT
- 1D
- 0.30%
- 1M
- 0.86%
- YTD
- 17.85%
- 6M
- 17.13%
- 1Y
- 31.07%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPOT vs. NIXT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SPOT Spotify Technology S.A. | -13.36% | 29.80% | 36.81% |
NIXT Research Affiliates Deletions ETF | 17.85% | 4.94% | 4.89% |
Correlation
The correlation between SPOT and NIXT 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 (All Time) Calculated using the full available price history since Sep 11, 2024 | 0.19 |
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Return for Risk
SPOT vs. NIXT — Risk / Return Rank
SPOT
NIXT
SPOT vs. NIXT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Spotify Technology S.A. (SPOT) and Research Affiliates Deletions ETF (NIXT). 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 | NIXT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.12 | ||
| Sortino ratioReturn per unit of downside risk | -2.94 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.25 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | -0.63 | 2.66 | -3.29 |
| Martin ratioReturn relative to average drawdown | -1.10 | 8.96 | -10.06 |
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 | NIXT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.65 | 1.47 | -2.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.34 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.70 | -0.36 |
Drawdowns
SPOT vs. NIXT - Drawdown Comparison
The maximum SPOT drawdown since its inception was -80.51%, which is greater than NIXT's maximum drawdown of -27.75%. Use the drawdown chart below to compare losses from any high point for SPOT and NIXT.
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Drawdown Indicators
| SPOT | NIXT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.51% | -27.75% | -52.76% |
Max Drawdown (1Y)Largest decline over 1 year | -46.80% | -11.71% | -35.09% |
Max Drawdown (3Y)Largest decline over 3 years | -46.80% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -76.39% | — | — |
Current DrawdownCurrent decline from peak | -35.16% | -2.73% | -32.43% |
Average DrawdownAverage peak-to-trough decline | -30.81% | -5.94% | -24.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 26.76% | 3.48% | +23.28% |
Volatility
SPOT vs. NIXT - Volatility Comparison
Spotify Technology S.A. (SPOT) has a higher volatility of 15.97% compared to Research Affiliates Deletions ETF (NIXT) at 5.00%. This indicates that SPOT's price experiences larger fluctuations and is considered to be riskier than NIXT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPOT | NIXT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.97% | 5.00% | +10.97% |
Volatility (6M)Calculated over the trailing 6-month period | 37.40% | 14.17% | +23.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.30% | 21.26% | +24.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.60% | 23.28% | +24.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 47.26% | 23.28% | +23.98% |
Dividends
SPOT vs. NIXT - Dividend Comparison
SPOT has not paid dividends to shareholders, while NIXT's dividend yield for the trailing twelve months is around 1.35%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
NIXT Research Affiliates Deletions ETF | 1.35% | 1.64% | 1.39% |
SPOT Spotify Technology S.A. | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SPOT and NIXT 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.
SPOT has higher volatility (15.97%) compared to NIXT (5.00%). In terms of maximum drawdown, SPOT dropped -80.51% vs NIXT's -27.75%.
NIXT currently has the higher Sharpe Ratio (1.47 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.
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