WBD vs SPOT: which was the better investment?
Warner Bros. Discovery, Inc. against Spotify Technology S.A. on real daily total-return data — every dividend reinvested, from Apr 3, 2018 to Jul 13, 2026.
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Frequently asked questions
Did WBD beat SPOT?
No — measured from Apr 3, 2018 to Jul 13, 2026 with dividends reinvested, SPOT came out ahead: $32,202 versus $12,297 from a $10,000 start. That gap compounds from a 15.2% annual return against 2.5%.
What would $10,000 in WBD be worth today?
$10,000 invested in Warner Bros. Discovery, Inc. (WBD) on Apr 3, 2018 would be worth about $12,297 as of Jul 13, 2026, a total return of 23.0% (2.5% per year). The same $10,000 in SPOT would be worth $32,202.
Which was riskier — WBD or SPOT?
WBD swung with an annualized volatility of 49.9% and a worst peak-to-trough drop of -91.3%; SPOT ran at 47.1% volatility with a -80.5% maximum drawdown. Risk-adjusted (Sharpe ratio), that is 0.01 for WBD vs 0.28 for SPOT.
What data is this comparison based on?
Daily adjusted closing prices covering Apr 3, 2018 through Jul 13, 2026 — the full period where both assets have price history. Adjusted prices include dividends and splits, so these are total returns. The page refreshes with new market data every day.
Can I change the dates, amounts, or add monthly investing?
Yes — the interactive tool on this page is pre-loaded with WBD vs SPOT. You can set any start and end date, change the starting amount, add monthly contributions, or build a multi-asset portfolio and compare it against any benchmark.