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Relative Intelligence · Passenger Transportation

How Uber Technologies (UBER) compares with the whole market and its popular alternatives

Built by QuantCommons' quantitative engine, this page is about relative opportunity, not data on UBER alone. It places UBER (Uber Technologies, Inc.) against 14 popular alternatives, its neighboring categories and the entire market of over 10,000 U.S.-listed stocks and ETFs, and surfaces what has done better on consistent outperformance, return for the risk taken, behavior in real market crashes and diversification. The result is a clearer view of where UBER stands in the market, and of the alternatives worth a closer look.

Period covered: UBER's full trading record, from May 2019 through September 2026. The crash tests reach back to 2000 using older funds and the S&P 500. All returns include reinvested dividends. Data as of October 20, 2026.

Data as of October 20, 2026. Full tables and charts read best on a larger screen.

Rank the market against UBER →Chart UBER vs. 14 alternatives →
On this page12 sections

Key findings

How much would $10,000 in UBER have grown?

This chart tracks a hypothetical $10,000 investment in UBER over the past 7 years, with dividends reinvested, alongside the same amount in the S&P 500, investments that ended ahead of UBER over the same span and UBER's popular alternatives, among those that traded for the entire period. A second view covers the past 5 years, the period the better options further down the page are judged on. It shows not only where each investment ended up but also how smooth or uneven the path was.

Note: UBER began trading on May 10, 2019, so the chart cannot reach back to the dot-com bust, the 2008 financial crisis or five other sell-offs. It covers the most recent 7 years of UBER's record, starting at the end of September 2019.

Choose a period

From the end of September 2019 to the end of September 2026. The scale is logarithmic, so equal steps up the chart are equal percentage gains. Hover over a fund in the key to pick out its line. 1,154 of the 3,144 stocks and funds worth at least $500 million that traded the whole period ended ahead of UBER; the chart shows 5, closest alternatives first. The other 3 lines are popular alternatives, shown for context.

$5,000$10,000$20,000$50,000$100,000$200,000$500,00020192020202120222023202420252026$10,000$100,0002019202120232025
  • NVDA$528,672+5,187% total · +76.3% a year
  • TSLA$220,928+2,109% total · +55.6% a year
  • GOOG$56,431+464% total · +28.0% a year
  • META$41,109+311% total · +22.4% a year
  • SPY (S&P 500)$28,402+184% total · +16.1% a year
  • RACE$26,852+169% total · +15.2% a year
  • UBER$22,485+125% total · +12.3% a year
  • ZTO$10,464+4.6% total · +0.7% a year
  • GPN$5,448−45.5% total · −8.3% a year
  • LYFT$3,675−63.3% total · −13.3% a year
Change the dates or add tickers to this chart in EasyCompare

From the end of September 2021 to the end of September 2026. The scale is logarithmic, so equal steps up the chart are equal percentage gains. Hover over a fund in the key to pick out its line. 1,506 of the 3,628 stocks and funds worth at least $500 million that traded the whole period ended ahead of UBER; the chart shows 5, closest alternatives first. The other 3 lines are popular alternatives, shown for context.

$2,000$5,000$10,000$20,000$50,000$100,000202120222023202420252026$10,000$100,000202120222023202420252026
  • NVDA$110,811+1,008% total · +61.8% a year
  • GOOG$25,811+158% total · +20.9% a year
  • META$21,571+116% total · +16.6% a year
  • RACE$19,540+95.4% total · +14.3% a year
  • SPY (S&P 500)$19,000+90.0% total · +13.7% a year
  • JOYY$18,790+87.9% total · +13.4% a year
  • UBER$15,293+52.9% total · +8.9% a year
  • TSLA$13,726+37.3% total · +6.5% a year
  • DASH$8,911−10.9% total · −2.3% a year
  • LYFT$2,801−72.0% total · −22.5% a year
Change the dates or add tickers to this chart in EasyCompare

UBER at a glance

This section summarizes the key facts about the stock, its returns over periods from one to ten years and the risk it has carried, with dividends reinvested throughout. These figures serve as the baseline for every comparison that follows.

Note: UBER began trading on May 10, 2019, so every figure here, including its worst decline, covers only the time since then. None of them reflect the dot-com bust, the 2008 financial crisis or five other sell-offs.

The company

Market value
$141B
Industry
Software - Application
Price history from
May 2019

Returns

Past 1 year
−26.4%total return
Past 3 years
+60.5%+17.1% a year
Past 5 years
+49.9%+8.4% a year
Best calendar year
+149%2023
Worst calendar year
−41.0%2022
Losing years
3 of 6full calendar years

Risk

Volatility
44.8%typical yearly swing, 5 years
Sharpe ratio
0.40return per unit of risk, 5 years
Worst decline ever
−68.0%Jun 2019 to Mar 2020
From its all-time high
−31.1%below the peak

UBER against the whole market

Where UBER ranks among every stock and fund, and what across the market has done better.

How does UBER rank among all stocks?

This section ranks UBER on return, volatility, risk-adjusted return and worst decline against every stock worth at least $300 million with enough history. Where the comparisons with its popular alternatives show how UBER stacks up against its peers, these rankings show where it stands in the market as a whole.

Ranked against U.S.-listed stocks worth at least $300M that have enough history for each measure, so the count changes from row to row; smaller stocks are left out. Lower volatility and smaller declines rank higher.

MeasureUBERRankStanding
1-year return−26.4%2,780 of 3,287bottom 16%
3-year return+60.5%1,392 of 3,017top 46%
5-year return+49.9%1,094 of 2,893top 38%
Volatility, 5 years44.8%1,688 of 2,893bottom 43%
Sharpe ratio, 5 years0.401,224 of 2,893top 42%

What has beaten UBER on both return and risk?

Each dot is an investment, placed by how much it earned a year over the past 5 years (higher is better) and how much its price swung, its volatility (further left is calmer). UBER sits where the dashed lines cross. Anything in the green box above and to the left earned more than UBER with smaller swings, a better trade-off over this period on both counts. Past results are no promise, but a name in the box is worth a closer look.

Annual return is the annualized total return with dividends reinvested, and volatility the annualized swing in daily prices, both over 5 years. Labeled dots are the strongest picks from the table below and the names called out above, colored by how close they sit to UBER; faint dots are 93 more of the 1,008 in the green region (the strongest, one per fund family). 3,633 stocks and funds worth at least $500 million were screened. Hover over a dot for its figures.

0.0%10.0%20.0%30.0%40.0%50.0%60.0%0.0%10.0%20.0%30.0%40.0%50.0%60.0%Volatility over 5 years (annualized)Annual return over 5 yearsMore return, less volatility than UBERVOO: +12.8% a year, volatility 16.9%WMT: +20.8% a year, volatility 22.6%XOM: +27.1% a year, volatility 26.5%JPM: +17.3% a year, volatility 24.3%ABBV: +26.1% a year, volatility 23.4%HSBC: +33.1% a year, volatility 25.9%JNJ: +12.7% a year, volatility 17.9%V: +12.8% a year, volatility 22.9%DXJ: +26.6% a year, volatility 19.1%LVHI: +17.0% a year, volatility 11.1%KO: +14.7% a year, volatility 16.8%CAT: +31.1% a year, volatility 31.9%COST: +17.4% a year, volatility 22.9%QQQ: +14.5% a year, volatility 23.0%MUFG: +33.2% a year, volatility 29.4%MA: +12.4% a year, volatility 23.8%PM: +21.0% a year, volatility 23.4%CSCO: +16.8% a year, volatility 26.1%MCK: +38.7% a year, volatility 25.0%NVS: +17.1% a year, volatility 20.7%APH: +33.8% a year, volatility 32.2%VTV: +12.1% a year, volatility 13.7%RTX: +18.6% a year, volatility 24.3%AMGN: +19.6% a year, volatility 24.9%GILD: +22.8% a year, volatility 24.9%GS: +19.6% a year, volatility 28.6%MS: +16.0% a year, volatility 28.8%TD: +15.8% a year, volatility 20.0%IBKR: +35.4% a year, volatility 35.4%MFG: +33.6% a year, volatility 30.6%TJX: +19.9% a year, volatility 22.3%SCCO: +32.0% a year, volatility 40.7%GLD: +17.7% a year, volatility 18.9%IBM: +16.6% a year, volatility 30.5%VGT: +18.4% a year, volatility 26.0%UBS: +25.4% a year, volatility 30.4%SAP: +11.5% a year, volatility 30.0%SMFG: +33.7% a year, volatility 29.4%PH: +27.4% a year, volatility 28.8%BHP: +16.6% a year, volatility 31.4%ADI: +19.5% a year, volatility 34.1%C: +15.1% a year, volatility 29.4%BTI: +18.7% a year, volatility 22.0%AXP: +13.5% a year, volatility 29.3%CB: +15.7% a year, volatility 20.4%PWR: +39.3% a year, volatility 37.2%MO: +17.8% a year, volatility 21.4%ETN: +20.4% a year, volatility 32.1%BNY: +22.7% a year, volatility 24.4%CM: +19.2% a year, volatility 21.6%DE: +14.4% a year, volatility 29.9%VIG: +10.4% a year, volatility 14.1%ITUB: +26.3% a year, volatility 33.8%TRV: +22.4% a year, volatility 22.3%TT: +22.7% a year, volatility 27.7%MAR: +22.0% a year, volatility 28.6%E: +23.0% a year, volatility 25.6%EPD: +16.4% a year, volatility 17.1%AEM: +29.5% a year, volatility 38.4%COR: +24.2% a year, volatility 22.8%SCHD: +9.7% a year, volatility 14.3%BMO: +13.6% a year, volatility 21.4%MFC: +22.6% a year, volatility 24.0%GWW: +26.3% a year, volatility 24.9%BNS: +12.9% a year, volatility 19.9%RIO: +12.2% a year, volatility 29.0%NEM: +18.6% a year, volatility 39.1%HLT: +21.0% a year, volatility 26.8%MNST: +17.2% a year, volatility 24.9%SMH: +33.4% a year, volatility 36.9%HPE: +32.9% a year, volatility 42.2%KMI: +18.7% a year, volatility 22.5%VT: +10.3% a year, volatility 16.2%CTAS: +16.5% a year, volatility 23.1%AFL: +19.0% a year, volatility 20.8%JCI: +17.4% a year, volatility 29.1%HCA: +14.1% a year, volatility 30.1%RSG: +13.9% a year, volatility 18.5%ROST: +18.1% a year, volatility 29.5%MSI: +14.8% a year, volatility 23.6%WPM: +27.5% a year, volatility 36.9%LNG: +23.4% a year, volatility 30.2%EMR: +12.7% a year, volatility 27.7%ESLT: +39.8% a year, volatility 34.6%NGG: +11.8% a year, volatility 22.6%ETR: +19.2% a year, volatility 22.4%CCEP: +19.7% a year, volatility 23.2%AEP: +12.4% a year, volatility 20.2%ALL: +17.0% a year, volatility 26.2%TDG: +16.4% a year, volatility 28.0%B: +18.9% a year, volatility 37.3%FAST: +15.8% a year, volatility 24.6%NUE: +21.7% a year, volatility 37.4%UBER: +8.4% a year, volatility 44.8%SPY (S&P 500): +12.7% a year, volatility 17.1%GOOG: +19.0% a year, volatility 32.0%RACE: +13.3% a year, volatility 30.0%META: +15.5% a year, volatility 45.4%NVDA: +58.0% a year, volatility 51.9%GDDY: +9.3% a year, volatility 35.8%JOYY: +13.3% a year, volatility 58.0%VRSN: +7.8% a year, volatility 25.9%RY: +17.3% a year, volatility 18.2%CAH: +42.1% a year, volatility 24.7%AAPL: +18.5% a year, volatility 28.0%MSFT: +12.5% a year, volatility 28.2%LLY: +40.7% a year, volatility 32.8%VTI: +11.5% a year, volatility 17.5%ASML: +17.4% a year, volatility 43.4%VEA: +9.3% a year, volatility 16.9%INSW: +56.5% a year, volatility 40.5%UBERSPY (S&P 500)GOOGRACEMETANVDAGDDYJOYYVRSNRYCAHAAPLLLYVTIASMLVEAINSW0.0%20.0%40.0%60.0%0.0%10.0%20.0%30.0%40.0%50.0%60.0%Volatility over 5 years (annualized)Annual return over 5 yearsMore return, less volatility than UBERVOO: +12.8% a year, volatility 16.9%WMT: +20.8% a year, volatility 22.6%XOM: +27.1% a year, volatility 26.5%JPM: +17.3% a year, volatility 24.3%ABBV: +26.1% a year, volatility 23.4%HSBC: +33.1% a year, volatility 25.9%JNJ: +12.7% a year, volatility 17.9%V: +12.8% a year, volatility 22.9%DXJ: +26.6% a year, volatility 19.1%LVHI: +17.0% a year, volatility 11.1%KO: +14.7% a year, volatility 16.8%CAT: +31.1% a year, volatility 31.9%COST: +17.4% a year, volatility 22.9%QQQ: +14.5% a year, volatility 23.0%MUFG: +33.2% a year, volatility 29.4%MA: +12.4% a year, volatility 23.8%PM: +21.0% a year, volatility 23.4%CSCO: +16.8% a year, volatility 26.1%MCK: +38.7% a year, volatility 25.0%NVS: +17.1% a year, volatility 20.7%APH: +33.8% a year, volatility 32.2%VTV: +12.1% a year, volatility 13.7%RTX: +18.6% a year, volatility 24.3%AMGN: +19.6% a year, volatility 24.9%GILD: +22.8% a year, volatility 24.9%GS: +19.6% a year, volatility 28.6%MS: +16.0% a year, volatility 28.8%TD: +15.8% a year, volatility 20.0%IBKR: +35.4% a year, volatility 35.4%MFG: +33.6% a year, volatility 30.6%TJX: +19.9% a year, volatility 22.3%SCCO: +32.0% a year, volatility 40.7%GLD: +17.7% a year, volatility 18.9%IBM: +16.6% a year, volatility 30.5%VGT: +18.4% a year, volatility 26.0%UBS: +25.4% a year, volatility 30.4%SAP: +11.5% a year, volatility 30.0%SMFG: +33.7% a year, volatility 29.4%PH: +27.4% a year, volatility 28.8%BHP: +16.6% a year, volatility 31.4%ADI: +19.5% a year, volatility 34.1%C: +15.1% a year, volatility 29.4%BTI: +18.7% a year, volatility 22.0%AXP: +13.5% a year, volatility 29.3%CB: +15.7% a year, volatility 20.4%PWR: +39.3% a year, volatility 37.2%MO: +17.8% a year, volatility 21.4%ETN: +20.4% a year, volatility 32.1%BNY: +22.7% a year, volatility 24.4%CM: +19.2% a year, volatility 21.6%DE: +14.4% a year, volatility 29.9%VIG: +10.4% a year, volatility 14.1%ITUB: +26.3% a year, volatility 33.8%TRV: +22.4% a year, volatility 22.3%TT: +22.7% a year, volatility 27.7%MAR: +22.0% a year, volatility 28.6%E: +23.0% a year, volatility 25.6%EPD: +16.4% a year, volatility 17.1%AEM: +29.5% a year, volatility 38.4%COR: +24.2% a year, volatility 22.8%SCHD: +9.7% a year, volatility 14.3%BMO: +13.6% a year, volatility 21.4%MFC: +22.6% a year, volatility 24.0%GWW: +26.3% a year, volatility 24.9%BNS: +12.9% a year, volatility 19.9%RIO: +12.2% a year, volatility 29.0%NEM: +18.6% a year, volatility 39.1%HLT: +21.0% a year, volatility 26.8%MNST: +17.2% a year, volatility 24.9%SMH: +33.4% a year, volatility 36.9%HPE: +32.9% a year, volatility 42.2%KMI: +18.7% a year, volatility 22.5%VT: +10.3% a year, volatility 16.2%CTAS: +16.5% a year, volatility 23.1%AFL: +19.0% a year, volatility 20.8%JCI: +17.4% a year, volatility 29.1%HCA: +14.1% a year, volatility 30.1%RSG: +13.9% a year, volatility 18.5%ROST: +18.1% a year, volatility 29.5%MSI: +14.8% a year, volatility 23.6%WPM: +27.5% a year, volatility 36.9%LNG: +23.4% a year, volatility 30.2%EMR: +12.7% a year, volatility 27.7%ESLT: +39.8% a year, volatility 34.6%NGG: +11.8% a year, volatility 22.6%ETR: +19.2% a year, volatility 22.4%CCEP: +19.7% a year, volatility 23.2%AEP: +12.4% a year, volatility 20.2%ALL: +17.0% a year, volatility 26.2%TDG: +16.4% a year, volatility 28.0%B: +18.9% a year, volatility 37.3%FAST: +15.8% a year, volatility 24.6%NUE: +21.7% a year, volatility 37.4%UBER: +8.4% a year, volatility 44.8%SPY (S&P 500): +12.7% a year, volatility 17.1%GOOG: +19.0% a year, volatility 32.0%RACE: +13.3% a year, volatility 30.0%META: +15.5% a year, volatility 45.4%NVDA: +58.0% a year, volatility 51.9%GDDY: +9.3% a year, volatility 35.8%JOYY: +13.3% a year, volatility 58.0%VRSN: +7.8% a year, volatility 25.9%RY: +17.3% a year, volatility 18.2%CAH: +42.1% a year, volatility 24.7%AAPL: +18.5% a year, volatility 28.0%MSFT: +12.5% a year, volatility 28.2%LLY: +40.7% a year, volatility 32.8%VTI: +11.5% a year, volatility 17.5%ASML: +17.4% a year, volatility 43.4%VEA: +9.3% a year, volatility 16.9%INSW: +56.5% a year, volatility 40.5%UBERSPY (S&P 500)GOOGMETANVDAGDDYVRSNRYCAHLLYVTIVEAINSW
  • Popular alternatives
  • Same and neighboring categories, and shared themes
  • The whole market
  • Others in the green region

Is there a better investment than UBER?

Investments that beat UBER over the past 5 years on return, volatility, drawdowns, consistency, crash losses or fees, from its popular alternatives out to the whole market.

How this works

The table below lists investments that beat UBER over the past 5 years on at least one of these measures: a higher annual return with lower volatility, a higher annual return at similar volatility, a similar return with lower volatility, a higher Sharpe ratio with a smaller worst decline, a higher total return in most periods from 3 months to 10 years, or smaller losses in recent market crashes. It checks UBER's popular alternatives first, then the rest of its own and neighboring categories, then every stock and fund worth at least $500 million, and shows the strongest few in each group. The full list of those with a higher return and lower volatility than UBER follows the table.

Annual return is the annualized total return with dividends reinvested. Annual return, volatility and the Sharpe ratio cover 5 years; the worst decline covers the past 10 years. Green marks a better figure than UBER's. "On the frontier" means no other option shown or tested earned more with less volatility. Funds that hold the same thing are shown once. Beyond the popular alternatives, nothing with more than 1.5× UBER's volatility counts as better.

These figures cover the past 5 years. Green marks a better figure than UBER's.

Screen the whole market against UBER for any period in BetterThanSPYOpen these 16 in EasyCompare
InvestmentWhy it is betterPast 5 yearsDownsideLong runFit
Annual return?higher is betterVolatility?lower is calmerSharpe?return per unit of riskWorst decline?past 10 years5Y returntotalCorr. with UBER?lower diversifies moreExpenseper year
UBERUber Technologies, Inc. · this page
+8.4%44.8%0.40−68.0%+49.9%1.00—
SPYState Street SPDR S&P 500 ETF · S&P 500
+12.7%17.1%0.79−33.7%+81.7%0.500.09%
Popular alternativesbest 1 shownThe investments people most often weigh against UBER. 1 of 12 passed at least one test.
GOOGAlphabet Inc. · Internet Services
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periodsSmaller losses in recent crashes+19.0%32.0%0.71−44.6%+138%0.19—
Same and neighboring categories, and shared themesbest 6 shownEverything else in Passenger Transportation and the categories next to it (Internet Services, Ride Hailing, Online Delivery, Automobiles), plus UBER's specific themes. 6 of 26 passed at least one test.
RACEFerrari N.V. · Automobiles
Higher return, lower volatilityHigher Sharpe, smaller worst declineSmaller losses in recent crashes+13.3%30.0%0.57−39.2%+86.6%0.54—
METAMeta Platforms, Inc. · Internet Services
Higher return, similar volatilityHigher return in most periods+15.5%45.4%0.55−76.7%+106%0.43—
NVDANVIDIA Corporation · Semiconductors · Autonomous Vehicles theme
Higher return in most periods+58.0%51.9%1.14−66.3%+884%0.44—
GDDYGoDaddy Inc. · Internet Services
Similar return, lower volatilitySmaller losses in recent crashes+9.3%35.8%0.43−65.0%+55.8%0.42—
JOYYJOYY, Inc. Sponsored ADR Class A · Internet Services
Higher return in most periods+13.3%58.0%0.49−83.5%+87.0%0.06—
VRSNVeriSign, Inc. · Internet Services
Similar return, lower volatility+7.8%25.9%0.42−38.9%+45.7%0.18—
The whole marketbest 8 shownEvery other stock and fund worth at least $500 million. 1,513 of 3,595 passed at least one test.
RYRoyal Bank of Canada · Banks
On the frontierHigher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periodsSmaller losses in recent crashes+17.3%18.2%0.97−40.0%+122%0.29—
CAHCardinal Health, Inc. · Health Care Distribution
On the frontierHigher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periodsSmaller losses in recent crashes+42.1%24.7%1.55−46.1%+479%0.41—
AAPLApple Inc. · Computer Hardware
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periodsSmaller losses in recent crashes+18.5%28.0%0.75−38.5%+133%0.30—
MSFTMicrosoft Corporation · Software
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periodsSmaller losses in recent crashes+12.5%28.2%0.56−37.1%+80.3%0.30—
LLYEli Lilly and Company · Pharmaceuticals
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periodsSmaller losses in recent crashes+40.7%32.8%1.21−34.5%+451%0.12—
VTIVanguard Morningstar Total Stock Market ETF · US Total Market
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periodsSmaller losses in recent crashes+11.5%17.5%0.71−35.0%+72.6%0.520.03%
ASMLASML Holding N.V. · Semiconductor Equipment
Higher return, similar volatilityHigher Sharpe, smaller worst declineHigher return in most periodsSmaller losses in recent crashes+17.4%43.4%0.59−56.9%+123%0.39—
VEAVanguard FTSE Developed Markets ETF · Developed International Equity
Similar return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periodsSmaller losses in recent crashes+9.3%16.9%0.61−35.8%+55.9%0.430.03%
What these numbers mean for UBER
Annual return
UBER returned 8.4% a year over the past 5 years with dividends reinvested, against 12.7% a year for the S&P 500. At that pace, $10,000 became about $15,000. Annual return is the steady yearly rate that would produce the same total result, so investments held over the same span compare fairly. Guide: What is performance and return? →
Volatility
UBER's volatility over the past 5 years was 44.8%, 2.6 times the S&P 500's 17.1%. Volatility measures how widely returns swing around their average: in roughly two years out of three, UBER's return lands within 44.8% of its average, either way. The higher it is, the rougher the ride and the harder it is to hold through a slump. Guide: Understanding and measuring risk (volatility) →
Sharpe ratio
UBER's Sharpe ratio over the past 5 years was 0.40, against 0.79 for the S&P 500, so UBER earned less for each unit of risk than an index fund did. The Sharpe ratio is the return earned above cash for each unit of volatility: two investments with the same return are not equal if one got there with far bigger swings. Guide: Balancing reward with risk (Sharpe ratio) →
Worst decline
UBER's worst fall from a peak to a low over the past 10 years was 68.0%, against 33.7% for the S&P 500. Losses and gains are not symmetric: climbing back from a 68.0% fall takes a 213% gain. Guide: Market crash risk and tail risk →
Correlation
Over the past 5 years, UBER's monthly returns had a correlation of 0.50 with the S&P 500. Correlation runs from 1 (moving in lockstep) through 0 (unrelated) to −1 (moving in opposite directions). They often move together: some diversification next to an index fund, but not a cushion. In the table, the correlation column measures each option against UBER instead: the lower it is, the more that option would diversify a UBER holding. Guide: Correlation and diversification →
Show all 1,008 stocks and funds worth at least $500 million that earned more than UBER with less volatility

Out of 3,633 tested over 5 years. The strongest 100 are listed, best first, with funds that hold the same thing listed once.

#InvestmentFound inAnnual returnVolatilitySharpeWorst decline5Y returnCorr. with UBERExpense
1
RYRoyal Bank of Canada · Banks
Whole market+17.3%18.2%0.97−40.0%+122%0.29—
2
CAHCardinal Health, Inc. · Health Care Distribution
Whole market+42.1%24.7%1.55−46.1%+479%0.41—
3
AAPLApple Inc. · Computer Hardware
Whole market+18.5%28.0%0.75−38.5%+133%0.30—
4
MSFTMicrosoft Corporation · Software
Whole market+12.5%28.2%0.56−37.1%+80.3%0.30—
5
LLYEli Lilly and Company · Pharmaceuticals
Whole market+40.7%32.8%1.21−34.5%+451%0.12—
6
VTIVanguard Morningstar Total Stock Market ETF · US Total Market
Whole market+11.5%17.5%0.71−35.0%+72.6%0.520.03%
7
VOOVanguard S&P 500 ETF · US Large-Cap Equity
Whole market+12.8%16.9%0.80−34.0%+82.3%0.500.03%
8
WMTWalmart Inc. · Discount Retail
Whole market+20.8%22.6%0.96−25.7%+158%0.33—
9
XOMExxonmobil Holdings Corporation · Integrated Oil & Gas
Whole market+27.1%26.5%1.04−61.0%+232%-0.14—
10
JPMJPMorgan Chase & Co. · Banks
Whole market+17.3%24.3%0.78−43.6%+122%0.39—
11
ABBVAbbVie Inc. · Pharmaceuticals
Whole market+26.1%23.4%1.11−45.1%+218%0.10—
12
HSBCHSBC Holdings plc · Banks
Whole market+33.1%25.9%1.24−62.3%+318%0.19—
13
JNJJohnson & Johnson · Pharmaceuticals
Whole market+12.7%17.9%0.76−27.4%+82.1%0.05—
14
VVisa Inc. · Payment Processing
Whole market+12.8%22.9%0.64−36.4%+82.5%0.37—
15
DXJWisdomTree Japan Hedged Equity Fund · International Equity
Whole market+26.6%19.1%1.34−39.1%+225%0.320.48%
16
LVHIFranklin International Low Volatility High Dividend Index ETF · International Equity
Whole market+17.0%11.1%1.48−32.4%+119%0.240.40%
17
KOThe Coca-Cola Company · Food & Beverages
Whole market+14.7%16.8%0.91−37.0%+98.2%0.13—
18
CATCaterpillar Inc. · Industrial Machinery
Whole market+31.1%31.9%1.01−43.4%+288%0.25—
19
COSTCostco Wholesale Corporation · Discount Retail
Whole market+17.4%22.9%0.82−31.4%+123%0.52—
20
QQQInvesco QQQ Trust, Series 1 · US Large-Cap Growth
Whole market+14.5%23.0%0.71−35.1%+97.2%0.510.18%
21
MUFGMitsubishi UFJ Financial Group, Inc. · Banks
Whole market+33.2%29.4%1.13−54.9%+319%0.13—
22
MAMastercard Incorporated · Payment Processing
Whole market+12.4%23.8%0.61−41.0%+79.2%0.36—
23
PMPhilip Morris International Inc. · Tobacco
Whole market+21.0%23.4%0.94−42.9%+159%0.09—
24
CSCOCisco Systems, Inc. · Communications Equipment
Whole market+16.8%26.1%0.73−42.0%+118%0.20—
25
MCKMcKesson Corporation · Health Care Distribution
Whole market+38.7%25.0%1.44−38.1%+413%0.10—
26
NVSNovartis AG · Pharmaceuticals
Whole market+17.1%20.7%0.87−26.8%+121%0.13—
27
INSWInternational Seaways, Inc. · Oil & Gas
Whole market+56.5%40.5%1.31−57.4%+839%0.03—
28
APHAmphenol Corporation · Electronic Components
Whole market+33.8%32.2%1.07−37.5%+329%0.38—
29
VTVVanguard Morningstar Value ETF · US Large-Cap Value
Whole market+12.1%13.7%0.90−36.8%+76.6%0.380.03%
30
RTXRTX Corporation · Aerospace & Defense
Whole market+18.6%24.3%0.83−52.0%+135%-0.07—
31
AMGNAmgen Inc. · Biotechnology
Whole market+19.6%24.9%0.85−24.9%+145%-0.01—
32
GILDGilead Sciences, Inc. · Biotechnology
Whole market+22.8%24.9%0.95−30.5%+180%-0.02—
33
GSThe Goldman Sachs Group, Inc. · Capital Markets
Whole market+19.6%28.6%0.77−48.8%+145%0.33—
34
MSMorgan Stanley · Capital Markets
Whole market+16.0%28.8%0.66−51.3%+110%0.35—
35
TDThe Toronto-Dominion Bank · Banks
Whole market+15.8%20.0%0.84−42.0%+109%0.29—
36
IBKRInteractive Brokers Group, Inc. · Investment Banking & Brokerage
Whole market+35.4%35.4%1.04−55.1%+355%0.33—
37
MFGMizuho Financial Group, Inc. · Banks
Whole market+33.6%30.6%1.10−45.7%+326%0.12—
38
TJXThe TJX Companies, Inc. · Specialty Retail
Whole market+19.9%22.3%0.93−42.5%+147%0.21—
39
SCCOSouthern Copper Corporation · Metals & Mining
Whole market+32.0%40.7%0.89−55.3%+301%0.18—
40
GLDSPDR Gold Shares · Gold
Whole market+17.7%18.9%0.96−26.4%+126%0.070.40%
41
IBMInternational Business Machines Corporation · IT Services
Whole market+16.6%30.5%0.66−41.1%+116%0.22—
42
VGTVanguard Information Technology ETF · Technology Equity
Whole market+18.4%26.0%0.78−35.1%+133%0.460.09%
43
UBSUBS Group AG · Banks
Whole market+25.4%30.4%0.90−59.8%+210%0.25—
44
SAPSAP SE · Enterprise Software
Whole market+11.5%30.0%0.52−52.5%+72.6%0.39—
45
SMFGSumitomo Mitsui Financial Group, Inc. · Banks
Whole market+33.7%29.4%1.14−47.6%+327%0.05—
46
PHParker-Hannifin Corporation · Industrial Machinery
Whole market+27.4%28.8%0.99−54.7%+235%0.42—
47
BHPBHP Group Limited · Metals & Mining
Whole market+16.6%31.4%0.65−44.3%+115%0.14—
48
ADIAnalog Devices, Inc. · Semiconductors
Whole market+19.5%34.1%0.69−33.6%+144%0.21—
49
CCitigroup Inc. · Banks
Whole market+15.1%29.4%0.63−56.5%+102%0.31—
50
BTIBritish American Tobacco p.l.c. · Tobacco
Whole market+18.7%22.0%0.90−56.1%+136%-0.06—
51
AXPAmerican Express Company · Consumer Finance
Whole market+13.5%29.3%0.58−49.6%+88.5%0.49—
52
CBChubb Limited · Property & Casualty Insurance
Whole market+15.7%20.4%0.82−42.6%+107%0.08—
53
PWRQuanta Services, Inc. · Engineering & Construction
Whole market+39.3%37.2%1.08−45.5%+425%0.28—
54
MOAltria Group, Inc. · Tobacco
Whole market+17.8%21.4%0.88−53.7%+126%0.16—
55
ETNEaton Corporation plc · Electrical Equipment
Whole market+20.4%32.1%0.74−44.5%+153%0.39—
56
BNYBank of New York Mellon Corp · Banks
Whole market+22.7%24.4%0.97−50.5%+179%0.31—
57
CMCanadian Imperial Bank of Commerce · Banks
Whole market+19.2%21.6%0.93−47.3%+141%0.42—
58
DEDeere & Company · Industrial Machinery
Whole market+14.4%29.9%0.60−37.9%+96.1%0.22—
59
VIGVanguard Dividend Appreciation ETF · US Dividend Equity
Whole market+10.4%14.1%0.78−31.7%+64.0%0.450.04%
60
ITUBItaú Unibanco Holding S.A. · Banks
Whole market+26.3%33.8%0.86−62.1%+221%0.26—
61
TRVThe Travelers Companies, Inc. · Property & Casualty Insurance
Whole market+22.4%22.3%1.02−46.3%+174%0.16—
62
TTTrane Technologies plc · Building Products
Whole market+22.7%27.7%0.88−40.5%+178%0.47—
63
MARMarriott International, Inc. · Hotels & Resorts
Whole market+22.0%28.6%0.84−61.3%+170%0.43—
64
EEni S.p.A. · Integrated Oil & Gas
Whole market+23.0%25.6%0.94−61.4%+181%-0.02—
65
EPDEnterprise Products Partners L.P. · Oil & Gas Midstream
Whole market+16.4%17.1%0.98−58.1%+113%0.15—
66
AEMAgnico Eagle Mines Limited · Gold Mining
Whole market+29.5%38.4%0.87−54.2%+264%0.12—
67
CORCencora, Inc. · Health Care Distribution
Whole market+24.2%22.8%1.07−32.4%+195%0.31—
68
SCHDSchwab U.S. Dividend Equity ETF · US Dividend Equity
Whole market+9.7%14.3%0.72−33.4%+59.1%0.290.06%
69
BMOBank of Montreal · Banks
Whole market+13.6%21.4%0.71−51.0%+89.4%0.25—
70
MFCManulife Financial Corporation · Life Insurance
Whole market+22.6%24.0%0.97−57.5%+177%0.41—
71
GWWW.W. Grainger, Inc. · Industrial Distribution
Whole market+26.3%24.9%1.07−41.6%+221%0.31—
72
BNSThe Bank of Nova Scotia · Banks
Whole market+12.9%19.9%0.71−46.9%+83.1%0.34—
73
RIORio Tinto Group · Metals & Mining
Whole market+12.2%29.0%0.54−37.5%+77.9%0.12—
74
NEMNewmont Corporation · Gold Mining
Whole market+18.6%39.1%0.63−62.4%+135%0.04—
75
HLTHilton Worldwide Holdings Inc. · Hotels & Resorts
Whole market+21.0%26.8%0.85−50.8%+160%0.55—
76
MNSTMonster Beverage Corporation · Food & Beverages
Whole market+17.2%24.9%0.77−30.4%+121%0.15—
77
SMHVanEck Semiconductor ETF · Semiconductors
Whole market+33.4%36.9%0.97−45.3%+323%0.400.35%
78
HPEHewlett Packard Enterprise Company · Computer Hardware
Whole market+32.9%42.2%0.89−56.9%+315%0.18—
79
KMIKinder Morgan, Inc. · Oil & Gas Midstream
Whole market+18.7%22.5%0.88−55.1%+136%0.12—
80
VTVanguard Total World Stock ETF · Global Equity
Whole market+10.3%16.2%0.69−34.2%+63.3%0.520.06%
81
CTASCintas Corporation · Business Services
Whole market+16.5%23.1%0.78−48.4%+115%0.32—
82
AFLAflac Incorporated · Life Insurance
Whole market+19.0%20.8%0.95−54.9%+139%0.18—
83
JCIJohnson Controls International plc · Building Products
Whole market+17.4%29.1%0.70−46.4%+123%0.38—
84
HCAHCA Healthcare, Inc. · Health Care Facilities
Whole market+14.1%30.1%0.59−54.7%+93.6%0.29—
85
RSGRepublic Services, Inc. · Environmental Services
Whole market+13.9%18.5%0.80−34.0%+91.5%0.41—
86
ROSTRoss Stores, Inc. · Specialty Retail
Whole market+18.1%29.5%0.71−51.4%+129%0.34—
87
MSIMotorola Solutions, Inc. · Communications Equipment
Whole market+14.8%23.6%0.71−32.8%+99.4%0.33—
88
WPMWheaton Precious Metals Corp. · Metals & Mining
Whole market+27.5%36.9%0.85−46.7%+236%0.08—
89
LNGCheniere Energy, Inc. · Oil & Gas
Whole market+23.4%30.2%0.85−57.5%+186%0.16—
90
EMREmerson Electric Co. · Industrial Machinery
Whole market+12.7%27.7%0.57−50.8%+82.1%0.15—
91
ESLTElbit Systems Ltd. · Aerospace & Defense
Whole market+39.8%34.6%1.15−35.4%+435%0.09—
92
NGGNational Grid plc · Electric Utilities
Whole market+11.8%22.6%0.61−39.2%+74.5%0.27—
93
ETREntergy Corporation · Electric Utilities
Whole market+19.2%22.4%0.90−42.0%+141%0.11—
94
CCEPCoca-Cola Europacific Partners PLC · Food & Beverages
Whole market+19.7%23.2%0.90−48.8%+146%0.09—
95
AEPAmerican Electric Power Company, Inc. · Electric Utilities
Whole market+12.4%20.2%0.68−32.9%+79.4%0.17—
96
ALLThe Allstate Corporation · Property & Casualty Insurance
Whole market+17.0%26.2%0.73−41.4%+119%0.09—
97
TDGTransDigm Group Incorporated · Aerospace & Defense
Whole market+16.4%28.0%0.69−62.6%+114%0.48—
98
BBarrick Mining Corporation · Gold Mining
Whole market+18.9%37.3%0.65−53.9%+138%0.06—
99
FASTFastenal Company · Industrial Distribution
Whole market+15.8%24.6%0.72−30.7%+108%0.31—
100
NUENucor Corporation · Metals & Mining
Whole market+21.7%37.4%0.72−57.2%+167%0.42—

UBER against its popular alternatives

The investments people most often weigh against UBER, compared period by period and year by year.

How do UBER's risk and return compare with its alternatives?

This map plots each investment's annual return over the past 5 years against its volatility, the size of its typical price swings. Investments toward the upper left earned more for a smoother ride, and those toward the lower right earned less for a rougher one. The dashed lines cross at UBER, which divides the map into what did better or worse on each measure.

Green points earned more than UBER with less volatility; red points earned less with more. Hover over a point for its figures. Total returns with dividends reinvested, annualized.

10.0%20.0%30.0%40.0%50.0%60.0%70.0%80.0%90.0%−30.0%−20.0%−10.0%0.0%10.0%20.0%Volatility over 5 years (annualized)Annual return over 5 yearsHigher return, lower volatilityLower return, higher volatilityUBER: 8.4% a year, volatility 44.8%SPY (S&P 500): 12.7% a year, volatility 17.1%GOOG: 19.0% a year, volatility 32.0%TSLA: 5.3% a year, volatility 60.0%LYFT: −19.0% a year, volatility 67.4%DASH: −2.3% a year, volatility 54.5%YMM: −10.9% a year, volatility 65.7%GRAB: −22.3% a year, volatility 60.5%ACHR: −9.8% a year, volatility 86.3%JOBY: −12.6% a year, volatility 77.7%BILI: −29.9% a year, volatility 77.4%ABNB: 0.8% a year, volatility 44.3%GPN: −11.2% a year, volatility 36.9%ZTO: −6.3% a year, volatility 38.2%UBERSPY (S&P 500)GOOGTSLALYFTDASHYMMGRABACHRJOBYBILIABNBGPNZTO0.0%20.0%40.0%60.0%80.0%100%−30.0%−20.0%−10.0%0.0%10.0%20.0%Volatility over 5 years (annualized)Annual return over 5 yearsHigher return, lower volatilityLower return, higher volatilityUBER: 8.4% a year, volatility 44.8%SPY (S&P 500): 12.7% a year, volatility 17.1%GOOG: 19.0% a year, volatility 32.0%TSLA: 5.3% a year, volatility 60.0%LYFT: −19.0% a year, volatility 67.4%DASH: −2.3% a year, volatility 54.5%YMM: −10.9% a year, volatility 65.7%GRAB: −22.3% a year, volatility 60.5%ACHR: −9.8% a year, volatility 86.3%JOBY: −12.6% a year, volatility 77.7%BILI: −29.9% a year, volatility 77.4%ABNB: 0.8% a year, volatility 44.3%GPN: −11.2% a year, volatility 36.9%ZTO: −6.3% a year, volatility 38.2%UBERSPY (S&P 500)GOOGTSLALYFTDASHYMMGRABACHRJOBYBILIABNBGPNZTO
All figures
InvestmentAnnual returnVolatility
GOOG Alphabet Inc.+19.0%32.0%
SPY S&P 500State Street SPDR S&P 500 ETF+12.7%17.1%
UBER This pageUber Technologies, Inc.+8.4%44.8%
TSLA Tesla, Inc.+5.3%60.0%
ABNB Airbnb, Inc.+0.8%44.3%
DASH DoorDash, Inc.−2.3%54.5%
ZTO ZTO Express (Cayman) Inc.−6.3%38.2%
ACHR Archer Aviation Inc.−9.8%86.3%
YMM Full Truck Alliance Co. Ltd.−10.9%65.7%
GPN Global Payments Inc.−11.2%36.9%
JOBY Joby Aviation, Inc.−12.6%77.7%
LYFT Lyft, Inc.−19.0%67.4%
GRAB Grab Holdings Limited−22.3%60.5%
BILI Bilibili Inc.−29.9%77.4%
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Has UBER consistently beaten its popular alternatives?

This section compares UBER with the investments people most often weigh against it, checking each one over seven periods from one month to five years. Counting how often an alternative earned more than UBER helps separate lasting outperformance from a single strong stretch.

A green cell means the alternative earned more than UBER over that period. "Qualified" marks those that did so in at least 3 of 5 short-term periods and 2 of 2 long-term periods.

InvestmentPeriods outperformed Short termLong termRisk · 5 yearsFund
1M3M6MYTD1Y3Y5YVolatilitylower is calmerSharpehigher is betterWorst declinepast 10 yearsExpenseAssetsOverlapsame sectors
UBER Uber Technologies, Inc. (this page)—−2.7%−4.5%−11.0%−16.8%−26.4%+60.5%+49.9%44.8%0.40−68.0%—$141B—
GOOG QualifiedAlphabet Inc.3/5 short2/2 long−4.1%−4.2%+0.4%+6.9%+31.2%+148%+138%32.0%0.71−44.6%—$4.1T—
TSLA Auto - ManufacturersTesla, Inc.5/5 short1/2 long−0.4%+1.1%−4.8%−14.7%−16.5%+76.3%+29.5%60.0%0.39−73.6%—$1.5T—
LYFT Software - ApplicationLyft, Inc.5/5 short1/2 long+13.0%+11.8%+19.6%−12.8%−14.6%+70.8%−65.1%67.4%0.03−89.8%—$6.5B—
CART Software - ServicesMaplebear Inc.5/5 short1/2 long+11.4%+8.6%+15.3%+15.6%+30.3%+104%———−38.0%—$12B—
DASH Internet Content & InformationDoorDash, Inc.4/5 short1/2 long−1.1%+1.4%+1.0%−12.8%−27.8%+162%−11.1%54.5%0.23−82.5%—$83B—
ABNB Travel ServicesAirbnb, Inc.5/5 short0/2 long+6.1%+22.1%+23.2%+33.0%+39.1%+51.9%+4.2%44.3%0.24−62.0%—$106B—
GPN Financial - Credit ServicesGlobal Payments Inc.5/5 short0/2 long−0.6%+3.3%+17.2%+13.4%−1.3%−21.1%−44.7%36.9%-0.14−70.2%—$22B—
ZTO Integrated Freight & LogisticsZTO Express (Cayman) Inc.3/5 short0/2 long+4.0%−16.3%−20.0%−4.3%+7.5%−5.6%−27.7%38.2%0.02−57.1%—$15B—
YMM Software - ApplicationFull Truck Alliance Co. Ltd.3/5 short0/2 long+8.9%−3.5%+1.4%−19.0%−28.1%+38.1%−44.0%65.7%0.14−78.3%—$9.2B—
GRAB Software - ApplicationGrab Holdings Limited1/5 short0/2 long−0.7%−20.2%−31.4%−43.1%−49.0%−11.6%−71.6%60.5%-0.11−86.5%—$11B—
MBLY Auto - PartsMobileye Global Inc.1/5 short0/2 long−8.6%−18.4%−9.2%−35.0%−50.3%−79.5%———−86.1%—$6.2B—
ACHR Aerospace & DefenseArcher Aviation Inc.0/5 short0/2 long−26.7%−25.0%−34.9%−51.0%−66.8%−18.3%−40.4%86.3%0.30−90.5%—$3.1B—
JOBY Airlines, Airports & Air ServicesJoby Aviation, Inc.0/5 short0/2 long−27.5%−37.8%−49.1%−67.6%−73.3%−19.1%−48.8%77.7%0.20−79.8%—$4.6B—
BILI Internet Content & InformationBilibili Inc.0/5 short0/2 long−8.3%−24.4%−44.3%−47.2%−49.5%+11.3%−83.1%77.4%-0.09−94.3%—$5.9B—
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How did UBER do year by year?

This table shows each investment's total return in every full calendar year since 2020, along with where UBER ranked among its popular alternatives each year. Annual results reveal how consistently each one kept pace with UBER and how far its good and bad years diverged, detail that multiyear averages tend to smooth over.

Note: UBER began trading on May 10, 2019, so the table starts with 2020, its first full calendar year, and cannot show how it fared during the dot-com bust, the 2008 financial crisis or five other sell-offs.

Newest year first. Green marks a year in which the fund came out ahead of UBER; gray means the two finished within a fraction of a point. The rank row places UBER among the alternatives that traded the full year; dark green is the top quarter and red the bottom quarter.

InvestmentYears ahead of UBER202520242023202220212020
UBER This pageUber Technologies, Inc.—+35.5%−2.0%+149%−41.0%−17.8%+71.5%
Rank among alternativesTop quarter in 1 of 65 of 1510 of 152 of 145 of 137 of 123 of 7
SPY S&P 500State Street SPDR S&P 500 ETF3 of 6+17.7%+24.9%+26.2%−18.2%+28.7%+18.3%
GOOG Alphabet Inc.4 of 6+65.4%+35.6%+58.8%−38.7%+65.2%+31.0%
TSLA Tesla, Inc.3 of 6+11.4%+62.5%+102%−65.0%+49.8%+743%
LYFT Lyft, Inc.2 of 6+50.2%−13.9%+36.0%−74.2%−13.0%+14.2%
CART Maplebear Inc.1 of 2+8.6%+76.5%————
DASH DoorDash, Inc.2 of 5+35.0%+69.6%+103%−67.2%+4.3%—
ABNB Airbnb, Inc.1 of 5+3.3%−3.5%+59.2%−48.6%+13.4%—
GPN Global Payments Inc.1 of 6−30.1%−11.0%+29.0%−25.9%−36.9%+18.5%
ZTO ZTO Express (Cayman) Inc.2 of 6+10.7%−3.7%−19.8%−3.8%−2.4%+26.2%
YMM Full Truck Alliance Co. Ltd.2 of 4+0.8%+57.4%−12.3%−4.5%——
GRAB Grab Holdings Limited1 of 5+5.7%+40.1%+4.7%−54.8%−44.6%—
MBLY Mobileye Global Inc.0 of 3−47.6%−54.0%+23.6%———
ACHR Archer Aviation Inc.2 of 5−22.9%+58.8%+228%−69.0%−40.0%—
JOBY Joby Aviation, Inc.2 of 5+62.4%+22.3%+98.5%−54.1%−36.9%—
BILI Bilibili Inc.2 of 6+35.8%+48.8%−48.6%−48.9%−45.9%+360%
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Risk and diversification

How UBER has fallen, how it held up in crashes beside the S&P 500 and its popular alternatives, and what moves independently of it.

What were UBER's worst declines?

A drawdown is the decline from a peak to the lowest point before a new high. This section presents UBER's five deepest drawdowns since it began trading in 2019, alongside the S&P 500's return over the same dates, and how long each took to recover. Together, these figures show how much an investor could have lost and how long it took to get back to even.

Note: UBER began trading on May 10, 2019, so this list cannot include the dot-com bust, the 2008 financial crisis or five other sell-offs. The crash tests on this page show how older funds and the S&P 500 fared through those years.

Green means UBER fell less than the S&P 500 over the same dates. Based on daily closing prices with dividends reinvested.

DuringUBER fellS&P 500, same datesPeakLowTime to the lowBack at the peakTime to recover
Covid crash−68.0%−17.3%Jun 2019Mar 20209 monthsNov 20208 months
2022 bear market−67.6%−1.3%Feb 2021Jun 202216 monthsDec 202318 months
No named crash−34.1%+10.9%Oct 2025Jul 20269 monthsNot yet—
No named crash−30.6%+4.3%Oct 2024Dec 20242 monthsMay 20255 months
No named crash−28.1%+3.7%Feb 2024Aug 20246 monthsOct 20242 months

How did UBER do in stock market crashes?

This section measures how far UBER, the S&P 500 and each alternative fell from peak to trough during every major market crash since 2000. A smaller decline means an investment held up better, and comparing results across crashes shows whether that resilience was consistent or a one-off.

Note: UBER began trading on May 10, 2019, so its row reads "Not yet trading" for the dot-com bust, the 2008 financial crisis or five other sell-offs. The older alternatives and the S&P 500 show how those crashes played out.

Newest crash first. Each figure is the fund's deepest fall within the crash window; green means a smaller fall than UBER.

InvestmentHeld up better2023 regional bank crisisMar 20232022 bear marketJan 2022Covid crashFeb 2020Late-2018 sell-offSep 2018February 2018 volatility shockFeb 20182015 China and oil sell-offAug 20152011 euro debt crisisJul 20112010 flash crashMay 20102008 financial crisisOct 2007Dot-com bustMar 2000
UBER This pageUber Technologies, Inc.—−9.4%−53.9%−63.9%Not yet tradingNot yet tradingNot yet tradingNot yet tradingNot yet tradingNot yet tradingNot yet trading
SPY S&P 500State Street SPDR S&P 500 ETF3 of 3−3.4%−24.5%−33.7%−19.3%−6.5%−12.8%−17.9%−1.5%−55.2%−47.5%
GOOG Alphabet Inc.3 of 3−3.9%−35.0%−30.8%−18.9%−9.9%−12.7%−21.1%−1.1%−65.3%—
TSLA Tesla, Inc.3 of 3−5.0%−45.4%−60.6%−21.6%−10.0%−45.6%−25.1%———
LYFT Lyft, Inc.0 of 3−13.7%−74.9%−65.3%———————
DASH DoorDash, Inc.1 of 2−8.5%−68.8%————————
ABNB Airbnb, Inc.2 of 2−7.2%−52.3%————————
GPN Global Payments Inc.2 of 3−11.9%−29.2%−44.3%−25.4%−7.5%−27.8%−18.6%−5.7%−44.4%—
ZTO ZTO Express (Cayman) Inc.3 of 3−2.4%−33.6%−14.7%−16.8%−4.5%—————
YMM Full Truck Alliance Co. Ltd.2 of 2−7.1%−52.8%————————
GRAB Grab Holdings Limited0 of 2−9.8%−68.2%————————
MBLY Mobileye Global Inc.1 of 1−3.7%—————————
ACHR Archer Aviation Inc.0 of 2−9.8%−56.4%————————
JOBY Joby Aviation, Inc.2 of 2−5.9%−49.9%————————
BILI Bilibili Inc.2 of 3−8.0%−70.2%−28.2%−17.6%——————
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How closely does UBER move with the S&P 500?

Upside capture measures how much of the S&P 500's gains an investment kept in the months the market rose, and downside capture how much of its losses it took in the months the market fell. An investment that captures more of the gains than the losses has compounded ahead of the market over time. This section compares UBER with its popular alternatives on both measures, and on beta (how strongly each has moved with the market), over the past 5 years.

Monthly total returns over the past 5 years, measured against SPY. 100% capture or a beta of 1.00 means moving in line with the S&P 500. Green marks a better figure than UBER's: more upside, less downside or a higher capture ratio. Sorted by capture ratio.

InvestmentUpside captureDownside captureCapture ratioBeta
UBER This pageUber Technologies, Inc.99%124%0.801.26
GOOG Alphabet Inc.140%132%1.071.20
TSLA Tesla, Inc.134%196%0.681.90
DASH DoorDash, Inc.143%261%0.551.89
ABNB Airbnb, Inc.69%130%0.531.23
JOBY Joby Aviation, Inc.168%344%0.492.66
ACHR Archer Aviation Inc.174%362%0.483.28
GPN Global Payments Inc.46%158%0.290.80
LYFT Lyft, Inc.81%292%0.281.95
BILI Bilibili Inc.9%197%0.050.65
YMM Full Truck Alliance Co. Ltd.-6%58%-0.110.22
GRAB Grab Holdings Limited-19%112%-0.170.90
ZTO ZTO Express (Cayman) Inc.-21%2%-8.76-0.20
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What diversifies UBER?

Correlation measures how closely two investments move together, on a scale from 1 (in lockstep) through 0 (unrelated) to -1 (in opposite directions). This section lists large ETFs and stocks whose returns have had a low correlation with UBER's. Because such investments tend not to fall at the same time, pairing UBER with them can reduce a portfolio's overall swings.

Only ETFs with at least $1.0B in assets and stocks worth at least $10B, with a correlation below 0.5 over the past 5 years and a positive return, are included, ranked by Sharpe ratio; funds that hold the same thing are shown once. The year columns are the years in which UBER lost money. The last two columns show a portfolio that is 80% UBER and 20% the other investment, rebalanced monthly.

ETFs

InvestmentCorrelation5Y returnSharpe20242022202180/20 mix volatility80/20 mix annual return
UBER Uber Technologies, Inc. (this page)1.00+49.9%0.40−2.0%−41.0%−17.8%39.4%+8.9%
LVHI InternationalFranklin International Low Volatility High Dividend Index ETF0.24+119%1.48+15.9%+3.8%+17.8%32.0%+11.7%
DXJ InternationalWisdomTree Japan Hedged Equity Fund0.32+225%1.34+29.8%+6.0%+18.0%32.4%+13.5%
EMLP Broad MarketFirst Trust North American Energy Infrastructure Fund0.24+101%1.04+33.4%+10.4%+23.1%32.3%+11.4%
HDV Dividend & IncomeiShares Core High Dividend ETF0.20+83.3%1.00+14.1%+7.1%+19.6%32.2%+10.8%
FTLS Broad MarketFirst Trust Long/Short Equity ETF0.41+62.9%0.99+18.8%−5.6%+19.7%32.2%+10.4%
SMH TechnologyVanEck Semiconductor ETF0.40+323%0.97+39.1%−33.5%+42.1%34.9%+15.6%
DBEF InternationalXtrackers MSCI EAFE Hedged Equity ETF0.44+85.0%0.96+13.4%−5.1%+19.6%32.5%+10.9%
GLD CommoditiesSPDR Gold Shares0.07+126%0.96+26.7%−0.8%−4.2%31.9%+12.2%

Stocks

InvestmentCorrelation5Y returnSharpe20242022202180/20 mix volatility80/20 mix annual return
UBER Uber Technologies, Inc. (this page)1.00+49.9%0.40−2.0%−41.0%−17.8%39.4%+8.9%
CAH Medical - DistributionCardinal Health, Inc.0.41+479%1.55+19.0%+54.1%−0.4%34.0%+15.4%
CLS Hardware, Equipment & PartsCelestica Inc.0.29+3,143%1.47+215%+1.3%+37.9%36.7%+27.7%
FIX Engineering & ConstructionComfort Systems USA, Inc.0.21+1,636%1.46+107%+17.0%+89.0%34.5%+24.2%
MCK Medical - DistributionMcKesson Corporation0.10+413%1.44+23.7%+51.8%+44.2%32.4%+15.3%
MPC Oil & Gas Refining & MarketingMarathon Petroleum Corporation0.11+690%1.41−4.0%+86.6%+61.0%32.8%+17.9%
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Common questions

What was UBER's worst drawdown?

UBER's deepest decline since it began trading in 2019 was 68.0%, from June 2019 to March 2020. It took eight months from the low to climb back to its old high. Because UBER launched in May 2019, that record does not include the dot-com bust, the 2008 financial crisis or five other sell-offs.

What were UBER's best and worst years?

Over six full calendar years, UBER's best year was 2023, when it returned 149%. Its worst was 2022, with a return of -41.0%.

Is there a better investment than UBER?

Among UBER's popular alternatives, GOOG earned more than UBER with less volatility over the past 5 years: 19.0% a year at 32.0% volatility, against 8.4% a year at 44.8%. Looking beyond its popular alternatives, RACE (automobiles) earned more than UBER with less volatility over the past 5 years: 13.3% a year at 30.0% volatility, against 8.4% a year at 44.8%.

Is UBER more volatile than the S&P 500?

Yes. UBER's volatility over the past 5 years was 44.8%, 2.6 times the S&P 500's 17.1%. Volatility measures how widely returns swing around their average: in roughly two years out of three, UBER's return lands within 44.8% of its average, either way. The higher it is, the rougher the ride and the harder it is to hold through a slump.

What is UBER's Sharpe ratio?

UBER's Sharpe ratio over the past 5 years was 0.40, against 0.79 for the S&P 500, so UBER earned less for each unit of risk than an index fund did. The Sharpe ratio is the return earned above cash for each unit of volatility: two investments with the same return are not equal if one got there with far bigger swings.

How correlated is UBER with the S&P 500?

Over the past 5 years, UBER's monthly returns had a correlation of 0.50 with the S&P 500. Correlation runs from 1 (moving in lockstep) through 0 (unrelated) to −1 (moving in opposite directions). They often move together: some diversification next to an index fund, but not a cushion. In the table, the correlation column measures each option against UBER instead: the lower it is, the more that option would diversify a UBER holding.

What are the best alternatives to UBER?

Of the 14 popular alternatives we compared, one outperformed UBER in at least 3 of 5 short-term and 2 of 2 long-term timeframes, with dividends reinvested: GOOG.

Did UBER outperform the S&P 500?

UBER finished ahead of the S&P 500 (SPY) in three of six full calendar years. In 2025, it returned +35.5%, against +17.7% for the index.

How did UBER do in stock market crashes?

UBER fell less than the S&P 500 (SPY) in none of the three major crashes it has traded through, and further in three. The clearest case was the Covid crash, when UBER fell 63.9% and the S&P 500 fell 33.7%.

What diversifies UBER?

These had a low correlation with UBER over the past 5 years and still earned a positive 5-year return: among large ETFs, LVHI (correlation 0.24), DXJ (correlation 0.32) and EMLP (correlation 0.24); among large stocks, CAH (correlation 0.41), CLS (correlation 0.29) and FIX (correlation 0.21). A correlation near zero means the two have moved largely independently.

How we measure

More research

Popular alternatives to UBER

Other stocks and ETFs