Vivid Seats (SEAT)
Market Price (1/17/2026): $6.88 | Market Cap: $44.7 MilSector: Communication Services | Industry: Interactive Media & Services
Vivid Seats (SEAT)
Market Price (1/17/2026): $6.88Market Cap: $44.7 MilSector: Communication ServicesIndustry: Interactive Media & Services
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -56% | Weak multi-year price returns2Y Excs Rtn is -139%, 3Y Excs Rtn is -171% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -36 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -5.5% |
| Megatrend and thematic driversMegatrends include E-commerce & Digital Retail, and Experience Economy & Premiumization. Themes include Online Marketplaces, Travel & Leisure Tech, Show more. | Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 12% | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 582% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -17%, Rev Chg QQuarterly Revenue Change % is -27% | ||
| Not cash flow generativeFCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -4.7% | ||
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -351% | ||
| Key risksSEAT key risks include [1] intense competition from established players that pressures market share and profitability, Show more. |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -56% |
| Megatrend and thematic driversMegatrends include E-commerce & Digital Retail, and Experience Economy & Premiumization. Themes include Online Marketplaces, Travel & Leisure Tech, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -139%, 3Y Excs Rtn is -171% |
| Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 12% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -36 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -5.5% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 582% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -17%, Rev Chg QQuarterly Revenue Change % is -27% |
| Not cash flow generativeFCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -4.7% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -351% |
| Key risksSEAT key risks include [1] intense competition from established players that pressures market share and profitability, Show more. |
Why The Stock Moved
Qualitative Assessment
AI Analysis | Feedback
1. Poor Q3 2025 Earnings and Negative Future Outlook
Vivid Seats reported an earnings per share (EPS) of -$1.91 for the third quarter of 2025 on November 6, 2025, falling short of the consensus estimate of -$1.68. This earnings miss was compounded by a revised industry volume outlook for the year, changing from previous expectations of mid-to-high single-digit growth to "flat-to-down." Furthermore, projections for fiscal year 2026 anticipated a decline in gross order volume (GOV) growth by -9.9% and revenue growth by -6.8%, signaling continued headwinds.
2. Analyst Downgrades and Reduced Price Targets
During this period, several Wall Street analysts lowered their price objectives and maintained or downgraded their ratings for Vivid Seats. For example, Canaccord Genuity Group reduced its price objective from $23.00 to $12.00, Citigroup decreased its target from $13.00 to $10.00, and Morgan Stanley set a $9.00 price target. The prevailing consensus rating among analysts shifted to "Hold," with some firms issuing "Sell" recommendations, reflecting a pessimistic view on the stock's near-term performance.
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Stock Movement Drivers
Fundamental Drivers
The -44.5% change in SEAT stock from 10/31/2025 to 1/16/2026 was primarily driven by a -40.5% change in the company's P/S Multiple.| 10312025 | 1162026 | Change | |
|---|---|---|---|
| Stock Price ($) | 12.41 | 6.89 | -44.48% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 694.01 | 643.77 | -7.24% |
| P/S Multiple | 0.12 | 0.07 | -40.48% |
| Shares Outstanding (Mil) | 6.53 | 6.49 | 0.55% |
| Cumulative Contribution | -44.48% |
Market Drivers
10/31/2025 to 1/16/2026| Return | Correlation | |
|---|---|---|
| SEAT | -44.5% | |
| Market (SPY) | 1.4% | 12.8% |
| Sector (XLC) | 0.3% | 17.4% |
Fundamental Drivers
The -77.8% change in SEAT stock from 7/31/2025 to 1/16/2026 was primarily driven by a -74.7% change in the company's P/S Multiple.| 7312025 | 1162026 | Change | |
|---|---|---|---|
| Stock Price ($) | 31.00 | 6.89 | -77.77% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 748.76 | 643.77 | -14.02% |
| P/S Multiple | 0.28 | 0.07 | -74.75% |
| Shares Outstanding (Mil) | 6.65 | 6.49 | 2.32% |
| Cumulative Contribution | -77.79% |
Market Drivers
7/31/2025 to 1/16/2026| Return | Correlation | |
|---|---|---|
| SEAT | -77.8% | |
| Market (SPY) | 9.7% | 25.4% |
| Sector (XLC) | 7.6% | 29.3% |
Fundamental Drivers
The -92.0% change in SEAT stock from 1/31/2025 to 1/16/2026 was primarily driven by a -90.5% change in the company's P/S Multiple.| 1312025 | 1162026 | Change | |
|---|---|---|---|
| Stock Price ($) | 86.00 | 6.89 | -91.99% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 774.08 | 643.77 | -16.83% |
| P/S Multiple | 0.73 | 0.07 | -90.49% |
| Shares Outstanding (Mil) | 6.58 | 6.49 | 1.29% |
| Cumulative Contribution | -91.99% |
Market Drivers
1/31/2025 to 1/16/2026| Return | Correlation | |
|---|---|---|
| SEAT | -92.0% | |
| Market (SPY) | 15.9% | 27.8% |
| Sector (XLC) | 13.5% | 28.0% |
Fundamental Drivers
The -96.0% change in SEAT stock from 1/31/2023 to 1/16/2026 was primarily driven by a -94.0% change in the company's P/S Multiple.| 1312023 | 1162026 | Change | |
|---|---|---|---|
| Stock Price ($) | 170.20 | 6.89 | -95.95% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 599.17 | 643.77 | 7.44% |
| P/S Multiple | 1.16 | 0.07 | -94.03% |
| Shares Outstanding (Mil) | 4.10 | 6.49 | -58.32% |
| Cumulative Contribution | -97.33% |
Market Drivers
1/31/2023 to 1/16/2026| Return | Correlation | |
|---|---|---|
| SEAT | -96.0% | |
| Market (SPY) | 76.5% | 24.3% |
| Sector (XLC) | 115.3% | 22.6% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| SEAT Return | 10% | -33% | -13% | -27% | -92% | -10% | -97% |
| Peers Return | � | � | � | � | 29% | -1% | � |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 1% | 85% |
Monthly Win Rates [3] | |||||||
| SEAT Win Rate | 50% | 25% | 42% | 33% | 8% | 0% | |
| Peers Win Rate | � | � | � | � | 40% | 40% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 100% | |
Max Drawdowns [4] | |||||||
| SEAT Max Drawdown | -3% | -40% | -22% | -48% | -93% | -13% | |
| Peers Max Drawdown | � | � | � | � | -35% | -14% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | 0% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: Z, ZIP, CHAI, WSHP, GOOGL.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 1/16/2026 (YTD)
How Low Can It Go
| Event | SEAT | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -58.4% | -25.4% |
| % Gain to Breakeven | 140.3% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -4.1% | -33.9% |
| % Gain to Breakeven | 4.3% | 51.3% |
| Time to Breakeven | 11 days | 148 days |
Compare to Z, ZIP, CHAI, WSHP, GOOGL
In The Past
Vivid Seats's stock fell -58.4% during the 2022 Inflation Shock from a high on 10/28/2021. A -58.4% loss requires a 140.3% gain to breakeven.
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AI Analysis | Feedback
Here are 1-3 brief analogies for Vivid Seats:
- Vivid Seats is like **StubHub for live event tickets.**
- Vivid Seats is like **eBay, but specifically for sports, concert, and theater tickets.**
AI Analysis | Feedback
- Ticket Resale Platform: An online marketplace enabling users to buy and sell tickets for sports, concert, and theater events in the secondary market.
- Loyalty Program (Vivid Seats Rewards): A customer rewards program offering credit for future ticket purchases based on past spending.
AI Analysis | Feedback
Vivid Seats (NYSE: SEAT) - Major Customers
Vivid Seats, Inc. (NYSE: SEAT) operates primarily as a business-to-consumer (B2C) platform. It serves individual customers who are looking to purchase tickets for a wide variety of live events. Therefore, it does not have "major customer companies" in the traditional sense, but rather distinct categories of individual consumers.
The company serves the following primary categories of individual customers:
- Sports Fans: Individuals who purchase tickets for professional and collegiate sporting events, including leagues such as the NFL, NBA, MLB, NHL, NCAA, and more.
- Concert-Goers / Music Lovers: Individuals who buy tickets for live music concerts across all genres, from major arena tours to smaller club shows.
- Theater and Arts Enthusiasts: Individuals who attend Broadway shows, musicals, plays, comedy performances, and other performing arts and cultural events.
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Stan Chia, Chief Executive Officer
Stan Chia was appointed CEO of Vivid Seats in November 2018. Prior to joining Vivid Seats, he served as Chief Operating Officer (COO) at Grubhub, where he played a significant role in expanding Grubhub's restaurant network and was the architect of its delivery network. His career also includes leadership positions at Amazon, where he ran the U.S. retail toys business, as well as roles at Cisco and General Electric, where he developed operational expertise through GE Energy's operations management leadership program. Mr. Chia also served in the Singapore military as an Armored Infantry Lieutenant. Vivid Seats operates with financial and strategic backing from private equity firms GTCR and Vista Equity Partners.
Lawrence Fey, Chief Financial Officer
Lawrence Fey became the Chief Financial Officer of Vivid Seats in April 2020, having previously served on its Board of Directors from July 2017 to February 2020. Before his tenure at Vivid Seats, Mr. Fey was a Managing Director at the private equity firm GTCR from 2005 until 2020. While at GTCR, he gained extensive experience by serving as a member of the Board of Directors for numerous successful investments, including Six3 Systems, CAMP Systems, Zayo Group, Cision, Park Place Technologies, GreatCall, and Simpli.fi, demonstrating a pattern of managing companies backed by private equity firms.
Stefano Langenbacher, Chief Technology Officer
Stefano Langenbacher serves as the Chief Technology Officer at Vivid Seats.
Geoff Lester, Chief Commercial Officer
Geoff Lester is the Chief Commercial Officer for Vivid Seats.
Sarah Doll, Chief People Officer
Sarah Doll holds the position of Chief People Officer at Vivid Seats.
AI Analysis | Feedback
The key risks to Vivid Seats' (SEAT) business are primarily concentrated in three areas, reflecting the dynamic and often challenging nature of the live event ticketing industry.
1. Intense Competition
Vivid Seats operates in a highly competitive environment, particularly within the secondary ticket market. Key competitors include established players like Ticketmaster, StubHub, and SeatGeek, alongside new entrants. This intense competition puts significant pressure on Vivid Seats to maintain or increase its market share and profitability. Competitors' aggressive marketing tactics can lead to increased customer acquisition costs, potential price wars, and pressure on Vivid Seats to lower its service fees, which could compress margins across the industry.
2. Economic Uncertainty and Consumer Spending
The company's performance is sensitive to broader economic conditions and consumer discretionary spending. Economic downturns, fluctuations, and weakening consumer spending can directly impact the demand for live event tickets, subsequently leading to reduced revenue and profitability for Vivid Seats. The unpredictability in monthly industry volumes further exacerbates this risk, requiring the company to adapt its strategies to challenging market conditions.
3. Regulatory Changes and Cybersecurity Risks
Vivid Seats faces risks associated with evolving governmental regulations, particularly those affecting the ticket resale market regarding pricing and transparency. Changes in these laws could pose significant challenges to the company's operations. Additionally, as an online platform, Vivid Seats is susceptible to cybersecurity threats, data breaches, and system interruptions. Such incidents could compromise customer data, erode trust in the brand, and result in significant costs and liabilities due to governmental regulation and litigation.
AI Analysis | Feedback
There are two clear emerging threats for Vivid Seats:
-
Primary Market's Efforts to Control and Capture Secondary Value: Primary ticket sellers, artists, and sports teams are increasingly implementing strategies to manage and limit the traditional secondary ticketing market. This includes robust "Verified Fan" programs (e.g., Ticketmaster, AXS) designed to filter out bots and professional scalpers, restricting ticket transfers, and utilizing dynamic pricing models that can push primary sale prices closer to secondary market levels. These efforts aim to reduce the supply of tickets available for independent secondary marketplaces like Vivid Seats and, in some cases, bring secondary sales onto platforms controlled by the primary market.
-
Emergence of Blockchain and NFT Ticketing: The adoption of blockchain and non-fungible token (NFT) technology for ticketing represents a significant emerging threat. Companies like Ticketmaster have announced plans and conducted pilots for NFT ticketing, and numerous startups are entering this space. If widely adopted, this technology could allow event organizers and artists to maintain immutable records of ticket ownership, control resale rules (e.g., price caps, royalty collection on secondary sales), prevent fraud, and facilitate direct peer-to-peer transfers without the need for traditional secondary marketplaces, thereby disintermediating platforms like Vivid Seats.
AI Analysis | Feedback
The addressable markets for Vivid Seats' main products and services, which include online ticket sales for live events such as sports, concerts, and theater performances, are substantial across both global and U.S. regions.
Global Online Event Ticketing Market
- In 2022, the global online event ticketing market size was estimated at approximately USD 55.40 billion and is projected to reach USD 89.44 billion by 2030, growing at a compound annual growth rate (CAGR) of 6.0% from 2023 to 2030.
- Another estimate valued the global online event ticketing market at USD 39.8 billion in 2024, with a projection to reach USD 74.42 billion by 2033, exhibiting a CAGR of 7.20% during the forecast period (2025-2033).
- The global live event ticketing market was valued at USD 82.24 billion in 2024 and is expected to grow to USD 110.83 billion in 2032, at a CAGR of 3.8% from 2026 to 2032.
United States Online Event Ticketing Market
- The United States online event ticketing market is expected to reach US$ 28.42 billion by 2033, growing from US$ 18.21 billion in 2024, at a CAGR of 5.07% from 2025 to 2033.
United States Live Events Market (broader market including offline sales)
- The U.S. live events market size is projected to expand from USD 466.13 billion in 2025 to USD 651.53 billion by 2032, registering a CAGR of 4.9% during the assessment period.
AI Analysis | Feedback
Vivid Seats (SEAT) is anticipated to drive future revenue growth over the next 2-3 years through several key initiatives and market trends: * Return to Concert Industry Growth: Following a "digestion year" in 2024, Vivid Seats anticipates a return to healthy concert industry growth in 2025, with expectations for concerts, including stadium shows, to grow. This includes an expected return to organic growth and a double-digit growth compound annual growth rate (CAGR) over the long term. * Strategic Investments in Technology and Marketing: The company is committed to strategic investments in technology and marketing to foster long-term growth and operational discipline. These investments are aimed at enhancing their platform and reaching a broader audience. * Enhancement of Value Proposition through Programs: Vivid Seats expects to drive revenue by strengthening its value proposition through initiatives such as the "Lowest Price Guarantee" and the "Vivid Seats Rewards" program. These programs are designed to attract and retain customers by offering competitive pricing and loyalty incentives, supported by reinvestment from cost savings. * International Expansion: Vivid Seats has expanded its presence into four European countries, where it has exceeded margin expectations and demonstrated strong growth from a relatively small base. This international expansion is a strategic move to tap into new markets and increase the company's global footprint. * Leveraging Synergies from Vegas.com Acquisition and Skybox Drive: The acquisition of Vegas.com has created synergies by enabling cross-listed inventory and converting Vegas.com customers to Vivid Seats customers. Additionally, the launch and adoption of Skybox Drive, an innovative pricing functionality that exited its beta phase, is expected to enhance stickiness with professional sellers and fortify Vivid Seats' leading position.AI Analysis | Feedback
Share Repurchases
- Vivid Seats announced a share repurchase program in May 2024, authorizing repurchases of up to $100 million of its Class A common stock.
- In 2023, the company repurchased approximately three million shares.
- The company continues to consider and pursue share repurchases based on valuation and share price.
Share Issuance
- On October 20, 2025, Vivid Seats announced a Corporate Simplification Agreement to eliminate its dual-class stock structure and terminate its Tax Receivable Agreement by issuing 403,022 shares of Class A common stock.
- This transaction is expected to result in a single class of common stock with approximately 10.7 million Class A shares outstanding.
- A 1-for-20 reverse stock split of Class A and Class B common stock became effective on August 5, 2025, with split-adjusted trading commencing on August 6, 2025.
Outbound Investments
- In 2023, Vivid Seats utilized cash flow for two acquisitions aimed at expanding its total addressable market (TAM).
- The company has made strategic investments in technology and marketing to enhance its market position.
- Vivid Seats has initiated international expansion, including operations in four European countries.
Capital Expenditures
- Vivid Seats' projected capital expenditures are $3 million for both 2025 and 2026, and $4 million annually from 2027 to 2029, representing about 1% of revenue.
- The company's capital expenditures include investments in developed technology to drive differentiation and efficiency within its marketplace.
- Historical capital expenditures were reported as $3 million in 2020 and $3 million in 2021.
Latest Trefis Analyses
| Title | Topic | |
|---|---|---|
| DASHBOARDS | ||
| Vivid Seats Earnings Notes | ||
| Vivid Seats Stock Drop Looks Sharp, But How Deep Can It Go? | Return |
| Title | |
|---|---|
| ARTICLES |
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Peer Comparisons for Vivid Seats
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 37.03 |
| Mkt Cap | 0.2 |
| Rev LTM | 1,563 |
| Op Inc LTM | -31 |
| FCF LTM | 78 |
| FCF 3Y Avg | 122 |
| CFO LTM | 217 |
| CFO 3Y Avg | 226 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 1.6% |
| Rev Chg 3Y Avg | 5.2% |
| Rev Chg Q | 7.1% |
| QoQ Delta Rev Chg LTM | 1.7% |
| Op Mgn LTM | -4.6% |
| Op Mgn 3Y Avg | 4.2% |
| QoQ Delta Op Mgn LTM | -0.5% |
| CFO/Rev LTM | 10.2% |
| CFO/Rev 3Y Avg | 14.4% |
| FCF/Rev LTM | 3.9% |
| FCF/Rev 3Y Avg | 9.0% |
Segment Financials
Revenue by Segment| $ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Marketplace | 597 | 511 | 390 | 23 | 404 |
| Resale | 115 | 89 | 53 | 12 | 65 |
| Total | 713 | 600 | 443 | 35 | 469 |
| $ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Marketplace | 229 | 190 | 157 | -29 | 172 |
| Resale | 28 | 22 | 14 | 1 | 12 |
| Change in fair value of contingent consideration | 1 | 2 | |||
| Depreciation and amortization | -17 | -8 | -2 | -48 | -93 |
| General and administrative | -159 | -128 | -92 | -66 | -101 |
| Impairment charges | -574 | ||||
| Total | 81 | 78 | 77 | -716 | -10 |
Price Behavior
| Market Price | $6.89 | |
| Market Cap ($ Bil) | 0.0 | |
| First Trading Date | 10/12/2020 | |
| Distance from 52W High | -92.9% | |
| 50 Days | 200 Days | |
| DMA Price | $7.65 | $24.05 |
| DMA Trend | down | down |
| Distance from DMA | -9.9% | -71.4% |
| 3M | 1YR | |
| Volatility | 83.2% | 97.1% |
| Downside Capture | 264.49 | 297.74 |
| Upside Capture | -26.30 | -15.21 |
| Correlation (SPY) | 17.1% | 27.4% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -0.64 | 0.53 | 1.58 | 2.06 | 1.36 | 1.15 |
| Up Beta | -3.63 | 0.68 | 1.96 | 1.83 | 1.57 | 1.23 |
| Down Beta | -1.56 | 0.52 | 2.35 | 1.32 | 1.09 | 1.15 |
| Up Capture | -62% | -167% | -104% | -24% | -8% | 12% |
| Bmk +ve Days | 11 | 23 | 37 | 72 | 143 | 431 |
| Stock +ve Days | 12 | 18 | 27 | 48 | 107 | 345 |
| Down Capture | 82% | 233% | 267% | 323% | 158% | 111% |
| Bmk -ve Days | 11 | 18 | 27 | 55 | 108 | 320 |
| Stock -ve Days | 10 | 23 | 37 | 78 | 141 | 398 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| SEAT vs. Other Asset Classes (Last 1Y) | |||||||
|---|---|---|---|---|---|---|---|
| SEAT | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | -92.6% | 21.6% | 19.8% | 70.5% | 3.8% | 10.2% | -1.2% |
| Annualized Volatility | 96.8% | 18.4% | 19.3% | 20.0% | 15.3% | 16.7% | 34.5% |
| Sharpe Ratio | -2.18 | 0.92 | 0.81 | 2.56 | 0.04 | 0.41 | 0.06 |
| Correlation With Other Assets | 27.6% | 27.8% | -3.0% | 13.9% | 18.3% | 9.7% | |
ETFs used for asset classes: Sector ETF = XLC, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| SEAT vs. Other Asset Classes (Last 5Y) | |||||||
|---|---|---|---|---|---|---|---|
| SEAT | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | -49.3% | 12.3% | 14.1% | 19.4% | 11.1% | 6.1% | 20.0% |
| Annualized Volatility | 63.2% | 20.9% | 17.1% | 15.6% | 18.7% | 18.8% | 48.1% |
| Sharpe Ratio | -0.80 | 0.50 | 0.66 | 1.00 | 0.47 | 0.23 | 0.45 |
| Correlation With Other Assets | 31.5% | 32.5% | 1.3% | 7.6% | 24.2% | 18.8% | |
ETFs used for asset classes: Sector ETF = XLC, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| SEAT vs. Other Asset Classes (Last 10Y) | |||||||
|---|---|---|---|---|---|---|---|
| SEAT | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | -47.2% | 12.7% | 15.5% | 14.8% | 7.6% | 5.9% | 70.8% |
| Annualized Volatility | 61.8% | 22.5% | 18.0% | 14.8% | 17.6% | 20.8% | 55.7% |
| Sharpe Ratio | -0.76 | 0.52 | 0.75 | 0.83 | 0.35 | 0.25 | 0.91 |
| Correlation With Other Assets | 30.9% | 32.0% | 1.2% | 7.6% | 23.6% | 18.6% | |
ETFs used for asset classes: Sector ETF = XLC, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 09/30/2025 | 11/06/2025 | 10-Q (09/30/2025) |
| 06/30/2025 | 08/05/2025 | 10-Q (06/30/2025) |
| 03/31/2025 | 05/06/2025 | 10-Q (03/31/2025) |
| 12/31/2024 | 03/12/2025 | 10-K (12/31/2024) |
| 09/30/2024 | 11/07/2024 | 10-Q (09/30/2024) |
| 06/30/2024 | 08/06/2024 | 10-Q (06/30/2024) |
| 03/31/2024 | 05/07/2024 | 10-Q (03/31/2024) |
| 12/31/2023 | 03/08/2024 | 10-K (12/31/2023) |
| 09/30/2023 | 11/07/2023 | 10-Q (09/30/2023) |
| 06/30/2023 | 08/08/2023 | 10-Q (06/30/2023) |
| 03/31/2023 | 05/09/2023 | 10-Q (03/31/2023) |
| 12/31/2022 | 03/07/2023 | 10-K (12/31/2022) |
| 09/30/2022 | 11/08/2022 | 10-Q (09/30/2022) |
| 06/30/2022 | 08/09/2022 | 10-Q (06/30/2022) |
| 03/31/2022 | 05/10/2022 | 10-Q (03/31/2022) |
| 12/31/2021 | 03/15/2022 | 10-K (12/31/2021) |
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| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
Prefer one of these to Trefis? Tell us why.