UBER vs. SPOT

Last updated Apr 1, 2026

Compare and contrast key facts about Uber Technologies, Inc. (UBER) and Spotify Technology S.A. (SPOT).

Performance

UBER vs. SPOT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Uber Technologies, Inc. (UBER) and Spotify Technology S.A. (SPOT). The values are adjusted to include any dividend payments, if applicable.

UBER vs. SPOT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
UBER Uber Technologies, Inc.	-11.97%	35.46%	-2.03%	148.97%	-41.02%	-17.78%	71.49%	-28.46%
SPOT Spotify Technology S.A.	-16.50%	29.80%	138.08%	138.01%	-66.27%	-25.62%	110.40%	8.49%

Fundamentals

Market Cap UBER : $151.49B SPOT : $103.04B
EPS UBER : $4.75 SPOT : $10.59
PE Ratio UBER : 15.16 SPOT : 45.78
PEG Ratio UBER : 0.10 SPOT : 0.56
PS Ratio UBER : 2.93 SPOT : 5.88
PB Ratio UBER : 5.57 SPOT : 12.38
Total Revenue (TTM) UBER : $52.02B SPOT : $17.14B
Gross Profit (TTM) UBER : $20.68B SPOT : $5.48B
EBITDA (TTM) UBER : $8.35B SPOT : $2.37B

Returns By Period

In the year-to-date period, UBER achieves a -11.97% return, which is significantly higher than SPOT's -16.50% return.

UBER

• 1D: 2.89%
• 1M: -4.63%
• YTD: -11.97%
• 6M: -26.58%
• 1Y: -1.28%
• 3Y*: 31.41%
• 5Y*: 4.54%
• 10Y*: —

SPOT

• 1D: 2.09%
• 1M: -5.83%
• YTD: -16.50%
• 6M: -30.53%
• 1Y: -11.84%
• 3Y*: 53.67%
• 5Y*: 12.17%
• 10Y*: —

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

Return for Risk

UBER vs. SPOT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

UBER

UBER Risk / Return Rank: 39
UBER Sharpe Ratio Rank: 40
UBER Sortino Ratio Rank: 36
UBER Omega Ratio Rank: 35
UBER Calmar Ratio Rank: 41
UBER Martin Ratio Rank: 41

SPOT

SPOT Risk / Return Rank: 31
SPOT Sharpe Ratio Rank: 30
SPOT Sortino Ratio Rank: 29
SPOT Omega Ratio Rank: 29
SPOT Calmar Ratio Rank: 33
SPOT Martin Ratio Rank: 32

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.

UBER vs. SPOT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Uber Technologies, Inc. (UBER) 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.

	UBER	SPOT	Difference
Sharpe ratio Return per unit of total volatility	-0.04	-0.26	+0.23
Sortino ratio Return per unit of downside risk	0.21	-0.08	+0.29
Omega ratio Gain probability vs. loss probability	1.03	0.99	+0.04
Calmar ratio Return relative to maximum drawdown	-0.04	-0.29	+0.25
Martin ratio Return relative to average drawdown	-0.08	-0.65	+0.56
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UBER vs. SPOT - Sharpe Ratio Comparison

The current UBER Sharpe Ratio is -0.04, which is higher than the SPOT Sharpe Ratio of -0.26. The chart below compares the historical Sharpe Ratios of UBER and SPOT, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	UBER	SPOT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.04	-0.26	+0.23
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.10	0.26	-0.16
Sharpe Ratio (All Time) Calculated using the full available price history	0.16	0.34	-0.18

Correlation

The correlation between UBER and SPOT is 0.42, 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.

Dividends

UBER vs. SPOT - Dividend Comparison

Neither UBER nor SPOT has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

UBER vs. SPOT - Drawdown Comparison

The maximum UBER drawdown since its inception was -68.05%, smaller than the maximum SPOT drawdown of -80.51%. Use the drawdown chart below to compare losses from any high point for UBER and SPOT.

Drawdown Indicators

	UBER	SPOT	Difference
Max Drawdown Largest peak-to-trough decline	-68.05%	-80.51%	+12.46%
Max Drawdown (1Y) Largest decline over 1 year	-30.89%	-46.80%	+15.91%
Max Drawdown (5Y) Largest decline over 5 years	-66.32%	-76.39%	+10.07%
Current Drawdown Current decline from peak	-28.14%	-37.50%	+9.36%
Average Drawdown Average peak-to-trough decline	-25.66%	-30.63%	+4.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.59%	21.01%	-7.42%

Volatility

UBER vs. SPOT - Volatility Comparison

The current volatility for Uber Technologies, Inc. (UBER) is 10.32%, while Spotify Technology S.A. (SPOT) has a volatility of 12.34%. This indicates that UBER 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.

Volatility by Period

	UBER	SPOT	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.32%	12.34%	-2.02%
Volatility (6M) Calculated over the trailing 6-month period	23.67%	31.26%	-7.59%
Volatility (1Y) Calculated over the trailing 1-year period	36.01%	44.97%	-8.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	45.20%	47.40%	-2.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	51.04%	47.06%	+3.98%

Financials

UBER vs. SPOT - Profitability Comparison

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

UBER - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Uber Technologies, Inc. reported a gross profit of 5.69B and revenue of 14.37B. Therefore, the gross margin over that period was 39.6%.

SPOT - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Spotify Technology S.A. reported a gross profit of 1.48B and revenue of 4.49B. Therefore, the gross margin over that period was 33.1%.

UBER - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Uber Technologies, Inc. reported an operating income of 1.77B and revenue of 14.37B, resulting in an operating margin of 12.4%.

SPOT - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Spotify Technology S.A. reported an operating income of 694.43M and revenue of 4.49B, resulting in an operating margin of 15.5%.

UBER - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Uber Technologies, Inc. reported a net income of 296.00M and revenue of 14.37B, resulting in a net margin of 2.1%.

SPOT - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Spotify Technology S.A. reported a net income of 1.16B and revenue of 4.49B, resulting in a net margin of 25.9%.