SPOT vs. S
SPOT (Spotify Technology S.A.) and S (SentinelOne, Inc.) are both stocks. SPOT operates in Internet Content & Information (Communication Services), while S operates in Software - Infrastructure (Technology). Over the past 5 years, SPOT returned 14.71%/yr vs -16.20%/yr for S. At a 0.43 correlation, their price movements are largely independent.
Performance
SPOT vs. S - Performance Comparison
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Returns By Period
In the year-to-date period, SPOT achieves a -15.22% return, which is significantly lower than S's 29.73% return.
SPOT
- 1D
- 2.97%
- 1M
- 5.18%
- 6M
- -2.41%
- YTD
- -15.22%
- 1Y
- -29.21%
- 3Y*
- 42.06%
- 5Y*
- 14.71%
- 10Y*
- —
- ALL TIME*
- 14.01%
S
- 1D
- -0.56%
- 1M
- 29.56%
- 6M
- 40.00%
- YTD
- 29.73%
- 1Y
- 8.05%
- 3Y*
- 9.21%
- 5Y*
- -16.20%
- 10Y*
- —
- ALL TIME*
- -15.65%
SPOT vs. S - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SPOT Spotify Technology S.A. | -15.22% | 29.80% | 138.08% | 138.01% | -66.27% | -14.23% |
S SentinelOne, Inc. | 29.73% | -32.43% | -19.10% | 88.07% | -71.10% | 9.76% |
Correlation
The correlation between SPOT and S is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2021 | 0.43 |
The correlation between SPOT and S shifts across timeframes, from 0.24 (1 year) to 0.43 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
SPOT:
$101.23B
S:
$6.55B
SPOT:
€12.84
S:
-$0.95
SPOT:
5.18
S:
6.19
SPOT:
11.24
S:
4.56
SPOT:
€17.60B
S:
$1.05B
SPOT:
€5.68B
S:
$776.52M
SPOT:
€2.75B
S:
-$229.16M
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Return for Risk
SPOT vs. S — Risk / Return Rank
SPOT
S
SPOT vs. S - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Spotify Technology S.A. (SPOT) and SentinelOne, Inc. (S). 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 | S | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.82 | ||
| Sortino ratioReturn per unit of downside risk | -1.32 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.07 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | -0.66 | 0.20 | -0.87 |
| Martin ratioReturn relative to average drawdown | -1.10 | 0.37 | -1.48 |
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Drawdowns
SPOT vs. S - Drawdown Comparison
The maximum SPOT drawdown since its inception was -80.51%, roughly equal to the maximum S drawdown of -84.35%. Use the drawdown chart below to compare losses from any high point for SPOT and S.
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Drawdown Indicators
| SPOT | S | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.51% | -84.35% | +3.84% |
Max Drawdown (1Y)Largest decline over 1 year | -44.11% | -39.64% | -4.47% |
Max Drawdown (3Y)Largest decline over 3 years | -46.80% | -60.20% | +13.40% |
Max Drawdown (5Y)Largest decline over 5 years | -76.39% | -84.35% | +7.96% |
Current DrawdownCurrent decline from peak | -36.55% | -74.50% | +37.95% |
Average DrawdownAverage peak-to-trough decline | -30.96% | -66.49% | +35.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 26.55% | 21.55% | +5.00% |
Volatility
SPOT vs. S - Volatility Comparison
The current volatility for Spotify Technology S.A. (SPOT) is 8.93%, while SentinelOne, Inc. (S) has a volatility of 14.56%. This indicates that SPOT experiences smaller price fluctuations and is considered to be less risky than S based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPOT | S | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.93% | 14.56% | -5.63% |
Volatility (6M)Calculated over the trailing 6-month period | 37.30% | 37.74% | -0.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.99% | 49.57% | -4.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.60% | 63.14% | -15.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 47.21% | 63.58% | -16.37% |
Dividends
SPOT vs. S - Dividend Comparison
Neither SPOT nor S has paid dividends to shareholders.
Financials
SPOT vs. S - Financials Comparison
This section allows you to compare key financial metrics between Spotify Technology S.A. and SentinelOne, 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. S - Profitability Comparison
SPOT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 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%.
S - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, SentinelOne, Inc. reported a gross profit of 198.69M and revenue of 276.66M. Therefore, the gross margin over that period was 71.8%.
SPOT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 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%.
S - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, SentinelOne, Inc. reported an operating income of -77.79M and revenue of 276.66M, resulting in an operating margin of -28.1%.
SPOT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 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%.
S - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, SentinelOne, Inc. reported a net income of -76.16M and revenue of 276.66M, resulting in a net margin of -27.5%.
Frequently Asked Questions
SPOT and S have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
S has higher volatility (14.56%) compared to SPOT (8.93%). In terms of maximum drawdown, SPOT dropped -80.51% vs S's -84.35%.
S currently has the higher Sharpe Ratio (0.16 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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