SPOT vs. TMUS
SPOT (Spotify Technology S.A.) and TMUS (T-Mobile US, Inc.) are both stocks. Both are in the Communication Services sector — SPOT in Internet Content & Information, TMUS in Telecom Services. Over the past 5 years, SPOT returned 16.93%/yr vs 4.63%/yr for TMUS. Their 0.21 correlation means their historical movements had little consistent relationship.
Performance
SPOT vs. TMUS - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with SPOT having a -13.91% return and TMUS slightly lower at -14.07%.
SPOT
- 1D
- -4.34%
- 1M
- 2.87%
- 6M
- -0.08%
- YTD
- -13.91%
- 1Y
- -20.28%
- 3Y*
- 49.10%
- 5Y*
- 16.93%
- 10Y*
- —
- ALL TIME*
- 14.17%
TMUS
- 1D
- -0.36%
- 1M
- -2.71%
- 6M
- -11.52%
- YTD
- -14.07%
- 1Y
- -25.82%
- 3Y*
- 9.58%
- 5Y*
- 4.63%
- 10Y*
- 14.46%
- ALL TIME*
- 17.60%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $931.26M | $810.43M | $959.57M | |
| $1.05B | $938.45M | $986.57M |
SPOT vs. TMUS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SPOT Spotify Technology S.A. | -13.91% | 29.80% | 138.08% | 138.01% | -66.27% | -25.62% | 110.40% | 31.76% | -31.59% |
TMUS T-Mobile US, Inc. | -14.07% | -6.58% | 39.70% | 15.02% | 20.71% | -13.99% | 71.96% | 23.28% | 6.69% |
Correlation
The correlation between SPOT and TMUS is 0.08, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.08 |
Correlation (3Y) Balances recent behavior with more history. | 0.09 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.18 |
Correlation (All Time) Calculated using the full available price history since Apr 3, 2018 | 0.21 |
The correlation between SPOT and TMUS shifts across timeframes, from 0.08 (1 year) to 0.21 (all time), reflecting how their relationship changes across market environments.
Fundamentals
SPOT:
$102.80B
TMUS:
$185.26B
SPOT:
€12.84
TMUS:
$9.54
SPOT:
33.81
TMUS:
18.11
SPOT:
0.38
TMUS:
0.28
SPOT:
5.22
TMUS:
2.07
SPOT:
11.33
TMUS:
3.32
SPOT:
€17.60B
TMUS:
$92.19B
SPOT:
€5.68B
TMUS:
$50.20B
SPOT:
€2.75B
TMUS:
$28.32B
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Return for Risk
SPOT vs. TMUS — Risk / Return Rank
SPOT
TMUS
SPOT vs. TMUS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Spotify Technology S.A. (SPOT) and T-Mobile US, Inc. (TMUS). 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 | TMUS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.45 | ||
| Sortino ratioReturn per unit of downside risk | +0.76 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 0.85 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | -0.46 | -0.77 | +0.31 |
| Martin ratioReturn relative to average drawdown | -0.74 | -1.28 | +0.53 |
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Drawdowns
SPOT vs. TMUS - Drawdown Comparison
The maximum SPOT drawdown since its inception was -80.51%, smaller than the maximum TMUS drawdown of -86.29%. Use the drawdown chart below to compare losses from any high point for SPOT and TMUS.
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Drawdown Indicators
| SPOT | TMUS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.51% | -86.29% | +5.78% |
Max Drawdown (1Y)Largest decline over 1 year | -44.11% | -34.02% | -10.09% |
Max Drawdown (3Y)Largest decline over 3 years | -46.80% | -37.13% | -9.67% |
Max Drawdown (5Y)Largest decline over 5 years | -76.39% | -37.13% | -39.26% |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.13% | — |
Current DrawdownCurrent decline from peak | -35.57% | -35.27% | -0.30% |
Average DrawdownAverage peak-to-trough decline | -30.98% | -26.00% | -4.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 27.21% | 20.57% | +6.64% |
Volatility
SPOT vs. TMUS - Volatility Comparison
The current volatility for Spotify Technology S.A. (SPOT) is 10.13%, while T-Mobile US, Inc. (TMUS) has a volatility of 15.95%. This indicates that SPOT experiences smaller price fluctuations and is considered to be less risky than TMUS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPOT | TMUS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.13% | 15.95% | -5.82% |
Volatility (6M)Calculated over the trailing 6-month period | 38.00% | 24.94% | +13.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.58% | 28.67% | +14.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.62% | 25.04% | +22.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 47.19% | 26.50% | +20.69% |
Dividends
SPOT vs. TMUS - Dividend Comparison
SPOT has not paid dividends to shareholders, while TMUS's dividend yield for the trailing twelve months is around 2.28%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
SPOT Spotify Technology S.A. | 0.00% | 0.00% | 0.00% | 0.00% |
TMUS T-Mobile US, Inc. | 2.28% | 1.80% | 1.28% | 0.41% |
Financials
SPOT vs. TMUS - Financials Comparison
This section allows you to compare key financial metrics between Spotify Technology S.A. and T-Mobile US, 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. TMUS - Profitability Comparison
SPOT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 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%.
TMUS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, T-Mobile US, Inc. reported a gross profit of 14.76B and revenue of 22.79B. Therefore, the gross margin over that period was 64.8%.
SPOT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 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%.
TMUS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, T-Mobile US, Inc. reported an operating income of 5.49B and revenue of 22.79B, resulting in an operating margin of 24.1%.
SPOT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 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%.
TMUS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, T-Mobile US, Inc. reported a net income of 3.24B and revenue of 22.79B, resulting in a net margin of 14.2%.
Frequently Asked Questions
SPOT and TMUS have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TMUS has higher volatility (15.95%) compared to SPOT (10.13%). In terms of maximum drawdown, SPOT dropped -80.51% vs TMUS's -86.29%.
SPOT currently has the higher Sharpe Ratio (-0.47 vs -0.92), 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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