SPOT vs. VITL

Last updated Jun 9, 2026

SPOT (Spotify Technology S.A.) and VITL (Vital Farms, Inc.) are both stocks. SPOT operates in Internet Content & Information (Communication Services), while VITL operates in Farm Products (Consumer Defensive). Over the past 5 years, SPOT returned 16.18%/yr vs -15.28%/yr for VITL. At a 0.20 correlation, their price movements are largely independent.

Performance

SPOT vs. VITL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Spotify Technology S.A. (SPOT) and Vital Farms, Inc. (VITL). 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 higher than VITL's -68.50% return.

SPOT

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

VITL

• 1D: 0.20%
• 1M: 12.53%
• YTD: -68.50%
• 6M: -68.29%
• 1Y: -67.42%
• 3Y*: -10.77%
• 5Y*: -15.28%
• 10Y*: —

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

SPOT vs. VITL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
SPOT Spotify Technology S.A.	-13.36%	29.80%	138.08%	138.01%	-66.27%	-25.62%	22.05%
VITL Vital Farms, Inc.	-68.50%	-15.26%	140.22%	5.16%	-17.39%	-28.64%	-28.22%

Correlation

The correlation between SPOT and VITL is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.07
Correlation (3Y) Calculated over the trailing 3-year period	0.09
Correlation (5Y) Calculated over the trailing 5-year period	0.18
Correlation (All Time) Calculated using the full available price history since Aug 3, 2020	0.20

The correlation between SPOT and VITL shifts across timeframes, from -0.07 (1 year) to 0.20 (all time), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap SPOT : $105.30B VITL : $448.55M
EPS SPOT : $12.94 VITL : $1.05
PE Ratio SPOT : 38.89 VITL : 9.60
PEG Ratio SPOT : 0.43 VITL : 0.02
PS Ratio SPOT : 6.01 VITL : 0.59
PB Ratio SPOT : 13.13 VITL : 1.36
Total Revenue (TTM) SPOT : $17.60B VITL : $784.41M
Gross Profit (TTM) SPOT : $5.68B VITL : $276.18M
EBITDA (TTM) SPOT : $2.75B VITL : $82.41M

Return for Risk

SPOT vs. VITL — 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

VITL

VITL Risk / Return Rank: 5
VITL Sharpe Ratio Rank: 3
VITL Sortino Ratio Rank: 2
VITL Omega Ratio Rank: 3
VITL Calmar Ratio Rank: 11
VITL Martin Ratio Rank: 7

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. VITL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Spotify Technology S.A. (SPOT) and Vital Farms, Inc. (VITL). 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	VITL	Difference
Sharpe ratio: Return per unit of total volatility	-0.65	-1.10	+0.45
Sortino ratio: Return per unit of downside risk	-0.75	-2.06	+1.31
Omega ratio: Gain probability vs. loss probability	0.90	0.76	+0.15
Calmar ratio: Return relative to maximum drawdown	-0.63	-0.80	+0.17
Martin ratio: Return relative to average drawdown	-1.10	-1.43	+0.33
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. VITL - Sharpe Ratio Comparison

The current SPOT Sharpe Ratio is -0.65, which is higher than the VITL Sharpe Ratio of -1.10. The chart below compares the historical Sharpe Ratios of SPOT and VITL, 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	VITL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.65	-1.10	+0.45
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.34	-0.28	+0.63
Sharpe Ratio (All Time) Calculated using the full available price history	0.34	-0.36	+0.70

Drawdowns

SPOT vs. VITL - Drawdown Comparison

The maximum SPOT drawdown since its inception was -80.51%, roughly equal to the maximum VITL drawdown of -84.20%. Use the drawdown chart below to compare losses from any high point for SPOT and VITL.

Drawdown Indicators

	SPOT	VITL	Difference
Max Drawdown Largest peak-to-trough decline	-80.51%	-84.20%	+3.69%
Max Drawdown (1Y) Largest decline over 1 year	-46.80%	-84.20%	+37.40%
Max Drawdown (3Y) Largest decline over 3 years	-46.80%	-84.20%	+37.40%
Max Drawdown (5Y) Largest decline over 5 years	-76.39%	-84.20%	+7.81%
Current Drawdown Current decline from peak	-35.16%	-80.81%	+45.65%
Average Drawdown Average peak-to-trough decline	-30.81%	-47.28%	+16.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	26.76%	47.12%	-20.36%

Volatility

SPOT vs. VITL - Volatility Comparison

The current volatility for Spotify Technology S.A. (SPOT) is 15.97%, while Vital Farms, Inc. (VITL) has a volatility of 18.45%. This indicates that SPOT experiences smaller price fluctuations and is considered to be less risky than VITL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPOT	VITL	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.97%	18.45%	-2.48%
Volatility (6M) Calculated over the trailing 6-month period	37.40%	48.11%	-10.71%
Volatility (1Y) Calculated over the trailing 1-year period	45.30%	61.49%	-16.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	47.60%	54.16%	-6.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	47.26%	53.74%	-6.48%

Dividends

SPOT vs. VITL - Dividend Comparison

Neither SPOT nor VITL has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

SPOT vs. VITL - Profitability Comparison

The chart below illustrates the profitability comparison between Spotify Technology S.A. and Vital Farms, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

SPOT - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 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%.

VITL - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Vital Farms, Inc. reported a gross profit of 53.01M and revenue of 187.16M. Therefore, the gross margin over that period was 28.3%.

SPOT - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 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%.

VITL - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Vital Farms, Inc. reported an operating income of -2.33M and revenue of 187.16M, resulting in an operating margin of -1.3%.

SPOT - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 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%.

VITL - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Vital Farms, Inc. reported a net income of -1.52M and revenue of 187.16M, resulting in a net margin of -0.8%.

Frequently Asked Questions

Can I hold both SPOT and VITL in my portfolio?

SPOT and VITL have a correlation of -0.07, 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 VITL?

VITL has higher volatility (18.45%) compared to SPOT (15.97%). In terms of maximum drawdown, SPOT dropped -80.51% vs VITL's -84.20%.

Which has better risk-adjusted returns?

SPOT currently has the higher Sharpe Ratio (-0.65 vs -1.10), 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.