SPOT vs. ^OEX
Compare and contrast key facts about Spotify Technology S.A. (SPOT) and S&P 100 Index (^OEX).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPOT or ^OEX.
Performance
SPOT vs. ^OEX - Performance Comparison
Returns By Period
In the year-to-date period, SPOT achieves a 150.49% return, which is significantly higher than ^OEX's 28.09% return.
SPOT
150.49%
21.43%
56.63%
159.77%
27.36%
N/A
^OEX
28.09%
1.18%
13.88%
32.89%
15.70%
12.10%
Key characteristics
| SPOT | ^OEX | |
|---|---|---|
| Sharpe Ratio | 4.52 | 2.50 |
| Sortino Ratio | 5.63 | 3.31 |
| Omega Ratio | 1.71 | 1.47 |
| Calmar Ratio | 3.24 | 3.39 |
| Martin Ratio | 43.42 | 15.04 |
| Ulcer Index | 3.76% | 2.22% |
| Daily Std Dev | 36.18% | 13.36% |
| Max Drawdown | -80.51% | -61.31% |
| Current Drawdown | -1.42% | -1.15% |
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Correlation
The correlation between SPOT and ^OEX is 0.48, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
SPOT vs. ^OEX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Spotify Technology S.A. (SPOT) and S&P 100 Index (^OEX). 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.
Drawdowns
SPOT vs. ^OEX - Drawdown Comparison
The maximum SPOT drawdown since its inception was -80.51%, which is greater than ^OEX's maximum drawdown of -61.31%. Use the drawdown chart below to compare losses from any high point for SPOT and ^OEX. For additional features, visit the drawdowns tool.
Volatility
SPOT vs. ^OEX - Volatility Comparison
Spotify Technology S.A. (SPOT) has a higher volatility of 12.97% compared to S&P 100 Index (^OEX) at 4.24%. This indicates that SPOT's price experiences larger fluctuations and is considered to be riskier than ^OEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.