SPSC vs. COST
SPSC (SPS Commerce, Inc.) and COST (Costco Wholesale Corporation) are both stocks. SPSC operates in Software - Infrastructure (Technology), while COST operates in Discount Stores (Consumer Defensive). Over the past 10 years, SPSC returned 6.83%/yr vs 22.34%/yr for COST. At a 0.29 correlation, their price movements are largely independent.
Performance
SPSC vs. COST - Performance Comparison
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Returns By Period
In the year-to-date period, SPSC achieves a -37.68% return, which is significantly lower than COST's 11.85% return. Over the past 10 years, SPSC has underperformed COST with an annualized return of 6.83%, while COST has yielded a comparatively higher 22.34% annualized return.
SPSC
- 1D
- -3.89%
- 1M
- -5.11%
- YTD
- -37.68%
- 6M
- -33.47%
- 1Y
- -60.92%
- 3Y*
- -30.11%
- 5Y*
- -10.09%
- 10Y*
- 6.83%
COST
- 1D
- 0.79%
- 1M
- -5.03%
- YTD
- 11.85%
- 6M
- 4.58%
- 1Y
- -8.37%
- 3Y*
- 25.00%
- 5Y*
- 21.24%
- 10Y*
- 22.34%
SPSC vs. COST - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPSC SPS Commerce, Inc. | -37.68% | -51.56% | -5.08% | 50.93% | -9.78% | 31.09% | 95.94% | 34.55% | 69.54% | -30.48% |
COST Costco Wholesale Corporation | 11.85% | -5.39% | 39.62% | 49.00% | -19.05% | 51.82% | 32.67% | 45.70% | 10.60% | 22.37% |
Correlation
The correlation between SPSC and COST is 0.01, 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 | 0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Apr 23, 2010 | 0.29 |
Over the past year, the correlation between SPSC and COST has dropped to 0.01 - well below their long-term average of 0.29, suggesting their price drivers have been diverging.
Fundamentals
SPSC:
$2.40
COST:
$26.51
SPSC:
23.12
COST:
36.29
SPSC:
1.24
COST:
2.84
SPSC:
2.76
COST:
1.09
SPSC:
$762.08M
COST:
$293.59B
SPSC:
$518.57M
COST:
$11.12B
SPSC:
$164.17M
COST:
$12.48B
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Return for Risk
SPSC vs. COST — Risk / Return Rank
SPSC
COST
SPSC vs. COST - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPS Commerce, Inc. (SPSC) and Costco Wholesale Corporation (COST). 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.
| SPSC | COST | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.82 | ||
| Sortino ratioReturn per unit of downside risk | -1.43 | ||
| Omega ratioGain probability vs. loss probability | 0.72 | 0.94 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | -0.93 | -0.44 | -0.49 |
| Martin ratioReturn relative to average drawdown | -1.45 | -0.88 | -0.57 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SPSC | COST | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.26 | -0.44 | -0.82 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.26 | 0.94 | -1.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.18 | 1.02 | -0.84 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | 0.59 | -0.22 |
Drawdowns
SPSC vs. COST - Drawdown Comparison
The maximum SPSC drawdown since its inception was -76.83%, which is greater than COST's maximum drawdown of -53.39%. Use the drawdown chart below to compare losses from any high point for SPSC and COST.
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Drawdown Indicators
| SPSC | COST | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.83% | -53.39% | -23.44% |
Max Drawdown (1Y)Largest decline over 1 year | -65.58% | -18.95% | -46.63% |
Max Drawdown (3Y)Largest decline over 3 years | -76.83% | -20.74% | -56.09% |
Max Drawdown (5Y)Largest decline over 5 years | -76.83% | -31.40% | -45.43% |
Max Drawdown (10Y)Largest decline over 10 years | -76.83% | -31.40% | -45.43% |
Current DrawdownCurrent decline from peak | -74.21% | -12.11% | -62.10% |
Average DrawdownAverage peak-to-trough decline | -17.10% | -13.36% | -3.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 42.04% | 9.86% | +32.18% |
Volatility
SPSC vs. COST - Volatility Comparison
SPS Commerce, Inc. (SPSC) has a higher volatility of 14.55% compared to Costco Wholesale Corporation (COST) at 8.05%. This indicates that SPSC's price experiences larger fluctuations and is considered to be riskier than COST based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPSC | COST | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.55% | 8.05% | +6.50% |
Volatility (6M)Calculated over the trailing 6-month period | 30.77% | 14.83% | +15.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 48.53% | 19.12% | +29.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.63% | 22.73% | +16.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.46% | 21.95% | +15.51% |
Dividends
SPSC vs. COST - Dividend Comparison
SPSC has not paid dividends to shareholders, while COST's dividend yield for the trailing twelve months is around 0.56%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
COST Costco Wholesale Corporation | 0.56% | 0.59% | 0.49% | 2.87% | 0.76% | 0.54% | 3.38% | 0.86% | 1.08% | 4.81% | 1.09% | 4.06% |
SPSC SPS Commerce, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
SPSC vs. COST - Financials Comparison
This section allows you to compare key financial metrics between SPS Commerce, Inc. and Costco Wholesale Corporation. 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
SPSC vs. COST - Profitability Comparison
SPSC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, SPS Commerce, Inc. reported a gross profit of 132.90M and revenue of 192.12M. Therefore, the gross margin over that period was 69.2%.
COST - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Costco Wholesale Corporation reported a gross profit of -17.68B and revenue of 70.53B. Therefore, the gross margin over that period was -25.1%.
SPSC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, SPS Commerce, Inc. reported an operating income of 24.56M and revenue of 192.12M, resulting in an operating margin of 12.8%.
COST - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Costco Wholesale Corporation reported an operating income of 2.82B and revenue of 70.53B, resulting in an operating margin of 4.0%.
SPSC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, SPS Commerce, Inc. reported a net income of 19.73M and revenue of 192.12M, resulting in a net margin of 10.3%.
COST - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Costco Wholesale Corporation reported a net income of 2.19B and revenue of 70.53B, resulting in a net margin of 3.1%.
Frequently Asked Questions
SPSC and COST have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPSC has higher volatility (14.55%) compared to COST (8.05%). In terms of maximum drawdown, SPSC dropped -76.83% vs COST's -53.39%.
COST currently has the higher Sharpe Ratio (-0.44 vs -1.26), 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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