SPOT vs. TECB
SPOT (Spotify Technology S.A.) is a stock, while TECB (iShares U.S. Tech Breakthrough Multisector ETF) is Technology Equities fund tracking the NYSE FactSet U.S. Tech Breakthrough Index. Over the past 5 years, SPOT returned 14.71%/yr vs 11.80%/yr for TECB. A 0.53 correlation means they provide meaningful diversification when combined.
Performance
SPOT vs. TECB - 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 TECB's 15.26% 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%
TECB
- 1D
- -0.07%
- 1M
- -1.77%
- 6M
- 15.72%
- YTD
- 15.26%
- 1Y
- 21.27%
- 3Y*
- 22.33%
- 5Y*
- 11.80%
- 10Y*
- —
- ALL TIME*
- 17.40%
SPOT vs. TECB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SPOT Spotify Technology S.A. | -15.22% | 29.80% | 138.08% | 138.01% | -66.27% | -25.62% | 99.48% |
TECB iShares U.S. Tech Breakthrough Multisector ETF | 15.26% | 14.86% | 24.38% | 57.53% | -34.39% | 19.60% | 39.90% |
Correlation
The correlation between SPOT and TECB is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.40 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Jan 10, 2020 | 0.53 |
Over the past year, the correlation between SPOT and TECB has dropped to 0.27 - well below their long-term average of 0.53, suggesting their price drivers have been diverging.
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Return for Risk
SPOT vs. TECB — Risk / Return Rank
SPOT
TECB
SPOT vs. TECB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Spotify Technology S.A. (SPOT) and iShares U.S. Tech Breakthrough Multisector ETF (TECB). 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 | TECB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.81 | ||
| Sortino ratioReturn per unit of downside risk | -2.41 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.20 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | -0.66 | 1.32 | -1.98 |
| Martin ratioReturn relative to average drawdown | -1.10 | 3.69 | -4.79 |
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Drawdowns
SPOT vs. TECB - Drawdown Comparison
The maximum SPOT drawdown since its inception was -80.51%, which is greater than TECB's maximum drawdown of -41.62%. Use the drawdown chart below to compare losses from any high point for SPOT and TECB.
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Drawdown Indicators
| SPOT | TECB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.51% | -41.62% | -38.89% |
Max Drawdown (1Y)Largest decline over 1 year | -44.11% | -16.24% | -27.87% |
Max Drawdown (3Y)Largest decline over 3 years | -46.80% | -23.91% | -22.89% |
Max Drawdown (5Y)Largest decline over 5 years | -76.39% | -41.62% | -34.77% |
Current DrawdownCurrent decline from peak | -36.55% | -5.41% | -31.14% |
Average DrawdownAverage peak-to-trough decline | -30.96% | -10.07% | -20.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 26.55% | 5.77% | +20.78% |
Volatility
SPOT vs. TECB - Volatility Comparison
Spotify Technology S.A. (SPOT) has a higher volatility of 8.93% compared to iShares U.S. Tech Breakthrough Multisector ETF (TECB) at 5.22%. This indicates that SPOT's price experiences larger fluctuations and is considered to be riskier than TECB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPOT | TECB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.93% | 5.22% | +3.71% |
Volatility (6M)Calculated over the trailing 6-month period | 37.30% | 15.05% | +22.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.99% | 18.57% | +26.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.60% | 23.75% | +23.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 47.21% | 25.34% | +21.87% |
Dividends
SPOT vs. TECB - Dividend Comparison
SPOT has not paid dividends to shareholders, while TECB's dividend yield for the trailing twelve months is around 0.31%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
SPOT Spotify Technology S.A. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TECB iShares U.S. Tech Breakthrough Multisector ETF | 0.31% | 0.33% | 0.35% | 0.23% | 0.61% | 0.35% | 0.77% |
Frequently Asked Questions
SPOT and TECB have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPOT has higher volatility (8.93%) compared to TECB (5.22%). In terms of maximum drawdown, SPOT dropped -80.51% vs TECB's -41.62%.
TECB currently has the higher Sharpe Ratio (1.15 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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