TBRG vs. SPOT
TBRG (TruBridge Inc) and SPOT (Spotify Technology S.A.) are both stocks. TBRG operates in Health Information Services (Healthcare), while SPOT operates in Internet Content & Information (Communication Services). Over the past 5 years, TBRG returned -3.79%/yr vs 16.93%/yr for SPOT. Their 0.14 correlation means their historical movements had little consistent relationship.
Performance
TBRG vs. SPOT - Performance Comparison
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Returns By Period
In the year-to-date period, TBRG achieves a 18.89% return, which is significantly higher than SPOT's -13.91% return.
TBRG
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 35.61%
- YTD
- 18.89%
- 1Y
- 27.75%
- 3Y*
- 2.33%
- 5Y*
- -3.79%
- 10Y*
- -3.55%
- ALL TIME*
- 4.32%
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%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $931.26M | $810.43M | $959.57M |
TBRG vs. SPOT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
TBRG TruBridge Inc | 18.89% | 11.92% | 76.07% | -58.85% | -7.10% | 9.17% | 2.84% | 6.78% | -11.76% |
SPOT Spotify Technology S.A. | -13.91% | 29.80% | 138.08% | 138.01% | -66.27% | -25.62% | 110.40% | 31.76% | -31.59% |
Correlation
The correlation between TBRG and SPOT is 0.04, 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. | 0.04 |
Correlation (3Y) Balances recent behavior with more history. | 0.06 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.13 |
Correlation (All Time) Calculated using the full available price history since Apr 3, 2018 | 0.14 |
The correlation between TBRG and SPOT shifts across timeframes, from 0.04 (1 year) to 0.14 (all time), reflecting how their relationship changes across market environments.
Fundamentals
TBRG:
$393.58M
SPOT:
$102.80B
TBRG:
$0.30
SPOT:
€12.84
TBRG:
87.27
SPOT:
33.81
TBRG:
1.10
SPOT:
5.22
TBRG:
2.14
SPOT:
11.33
TBRG:
$346.84M
SPOT:
€17.60B
TBRG:
$183.86M
SPOT:
€5.68B
TBRG:
$57.80M
SPOT:
€2.75B
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Return for Risk
TBRG vs. SPOT — Risk / Return Rank
TBRG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SPOT
TBRG vs. SPOT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TruBridge Inc (TBRG) and Spotify Technology S.A. (SPOT). 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.
| TBRG | SPOT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.81 | ||
| Sortino ratioReturn per unit of downside risk | +1.26 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 0.95 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 0.35 | -0.46 | +0.81 |
| Martin ratioReturn relative to average drawdown | 1.00 | -0.74 | +1.74 |
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Drawdowns
TBRG vs. SPOT - Drawdown Comparison
The maximum TBRG drawdown since its inception was -86.87%, which is greater than SPOT's maximum drawdown of -80.51%. Use the drawdown chart below to compare losses from any high point for TBRG and SPOT.
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Drawdown Indicators
| TBRG | SPOT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -86.87% | -80.51% | -6.36% |
Max Drawdown (1Y)Largest decline over 1 year | -40.65% | -44.11% | +3.46% |
Max Drawdown (3Y)Largest decline over 3 years | -71.31% | -46.80% | -24.51% |
Max Drawdown (5Y)Largest decline over 5 years | -79.46% | -76.39% | -3.07% |
Max Drawdown (10Y)Largest decline over 10 years | -79.46% | — | — |
Current DrawdownCurrent decline from peak | -54.97% | -35.57% | -19.40% |
Average DrawdownAverage peak-to-trough decline | -35.89% | -30.98% | -4.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.38% | 27.21% | -12.83% |
Volatility
TBRG vs. SPOT - Volatility Comparison
The current volatility for TruBridge Inc (TBRG) is 0.41%, while Spotify Technology S.A. (SPOT) has a volatility of 10.13%. This indicates that TBRG experiences smaller price fluctuations and is considered to be less risky than SPOT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TBRG | SPOT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.41% | 10.13% | -9.72% |
Volatility (6M)Calculated over the trailing 6-month period | 32.77% | 38.00% | -5.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 41.28% | 43.58% | -2.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 42.75% | 47.62% | -4.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.99% | 47.19% | -5.20% |
Dividends
TBRG vs. SPOT - Dividend Comparison
Neither TBRG nor SPOT has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPOT Spotify Technology S.A. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TBRG TruBridge Inc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.12% | 1.52% | 1.59% | 2.83% | 7.88% | 5.15% |
Financials
TBRG vs. SPOT - Financials Comparison
This section allows you to compare key financial metrics between TruBridge Inc and Spotify Technology S.A.. 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
TBRG vs. SPOT - Profitability Comparison
TBRG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, TruBridge Inc reported a gross profit of 47.65M and revenue of 87.79M. Therefore, the gross margin over that period was 54.3%.
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%.
TBRG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, TruBridge Inc reported an operating income of 4.98M and revenue of 87.79M, resulting in an operating margin of 5.7%.
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%.
TBRG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, TruBridge Inc reported a net income of -4.29M and revenue of 87.79M, resulting in a net margin of -4.9%.
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%.
Frequently Asked Questions
TBRG and SPOT have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPOT has higher volatility (10.13%) compared to TBRG (0.41%). In terms of maximum drawdown, TBRG dropped -86.87% vs SPOT's -80.51%.
TBRG currently has the higher Sharpe Ratio (0.35 vs -0.47), 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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