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F-Prime Fintech Index
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility
Diversification

F-Prime Fintech Index

Last updated Nov 15, 2024

F-Prime Fintech Index. - not sure how the Index is composed. We Weighed the portfolio by sorting highest Rev Growth + EV/Revenue + Gross Margin. Exlcuded Robinhood. If we exclude MELI net cost of index is reduced to $13k. Minimum Investment: $98,500. XERO Limited not in PortfoliosLab Universe.

Asset Allocation

INTA 3%LSPD 3%AFRM 3%AVDX 2.75%NU 2.16%BILL 2.16%FLYW 2.16%SHOP 2.16%ALKT 2.16%BL 2.16%RELY 2.16%CLOV 2.16%EXFY 2.16%ENV 2.16%LMND 2.16%OLO 2.16%PYPL 2.16%NCNO 2.16%DCO 2.16%PAY 2.16%SQ 2.16%PAYO 2.16%MQ 2.16%HIPO 2.16%ML 2.16%NRDS 2.16%RDFN 2.16%BKKT 2.16%BLND 2.16%EVER 2.16%PAGS 2.16%STNE 2.16%OPEN 2.16%COMP 2.16%GDOT 2.16%FLT 2.16%QTWO 2.16%LU 2.16%UPST 2.16%TOST 2.16%LDI 2.16%OSCR 2.16%SOFI 2.16%MELI 2%COIN 2%EquityEquity
PositionCategory/SectorWeight
AFRM
Affirm Holdings, Inc.		Technology
3%
ALKT
Alkami Technology, Inc.		Technology
2.16%
AVDX
AvidXchange Holdings, Inc.		Technology
2.75%
BILL
Bill.com Holdings, Inc.		Technology
2.16%
BKKT
Bakkt Holdings, Inc.		Technology
2.16%
BL
BlackLine, Inc.		Technology
2.16%
BLND
Blend Labs, Inc.		Technology
2.16%
CLOV
Clover Health Investments, Corp.		Healthcare
2.16%
COIN
Coinbase Global, Inc.		Technology
2%
COMP
Compass, Inc.		Technology
2.16%
DCO
Ducommun Incorporated		Industrials
2.16%
ENV
Envestnet, Inc.		Technology
2.16%
EVER
EverQuote, Inc.		Communication Services
2.16%
EXFY
Expensify Inc		Technology
2.16%
FLT
FleetCor Technologies, Inc.		Technology
2.16%
FLYW
Flywire Corporation		Technology
2.16%
GDOT
Green Dot Corporation		Financial Services
2.16%
HIPO
Hippo Holdings Inc.		Financial Services
2.16%
INTA
Intapp, Inc.		Technology
3%
LDI
loanDepot, Inc.		Financial Services
2.16%
LMND
2.16%
LSPD
3%
LU
2.16%
MELI
2%
ML
2.16%
MQ
2.16%
NCNO
2.16%
NRDS
2.16%
NU
2.16%
OLO
2.16%
OPEN
2.16%
OSCR
2.16%
PAGS
2.16%
PAY
2.16%
PAYO
2.16%
PYPL
2.16%
QTWO
2.16%
RDFN
2.16%
RELY
2.16%
SHOP
2.16%
SOFI
2.16%
SQ
2.16%
STNE
2.16%
TOST
2.16%
UPST
2.16%

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in F-Prime Fintech Index, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends. The portfolio is rebalanced Quarterly

-10.00%0.00%10.00%20.00%30.00%40.00%JuneJulyAugustSeptemberOctoberNovember
36.61%
12.31%
F-Prime Fintech Index
Benchmark (^GSPC)
Portfolio components

The earliest data available for this chart is Nov 10, 2021, corresponding to the inception date of EXFY

Returns By Period

Year-To-Date1 month6 months1 year5 years (annualized)10 years (annualized)
^GSPC
S&P 500		24.72%2.30%12.31%32.12%13.81%11.31%
F-Prime Fintech Index38.56%16.66%36.61%81.60%N/AN/A
Portfolio components:
NU
82.35%7.12%29.72%85.92%N/AN/A
BILL
Bill.com Holdings, Inc.		5.87%54.91%45.13%44.84%N/AN/A
FLYW
Flywire Corporation		-5.96%28.36%29.74%-3.42%N/AN/A
SHOP
40.03%33.14%88.69%60.77%N/AN/A
INTA
Intapp, Inc.		49.71%14.94%55.39%46.93%N/AN/A
LSPD
-16.20%10.91%16.49%6.09%N/AN/A
ALKT
Alkami Technology, Inc.		52.16%9.59%38.51%67.65%N/AN/A
BL
BlackLine, Inc.		-3.01%5.10%2.52%7.99%2.92%N/A
AVDX
AvidXchange Holdings, Inc.		-13.32%27.40%-4.79%9.93%N/AN/A
MELI
19.39%-7.74%7.88%30.06%N/AN/A
COIN
Coinbase Global, Inc.		60.33%42.02%40.00%184.10%N/AN/A
AFRM
Affirm Holdings, Inc.		8.28%11.18%69.89%104.81%N/AN/A
RELY
2.11%42.46%39.65%-11.16%N/AN/A
CLOV
Clover Health Investments, Corp.		223.50%-25.42%229.80%201.96%N/AN/A
EXFY
Expensify Inc		15.79%55.86%67.25%31.19%N/AN/A
ENV
Envestnet, Inc.		27.14%0.41%-5.04%67.14%-0.62%1.77%
LMND
96.59%69.48%79.15%95.74%N/AN/A
OLO
13.11%32.04%30.97%29.66%N/AN/A
PYPL
39.70%7.84%33.84%47.28%N/AN/A
NCNO
21.05%16.15%27.74%35.70%N/AN/A
DCO
Ducommun Incorporated		30.41%5.32%17.25%37.88%6.55%11.01%
PAY
82.15%38.33%73.51%95.26%N/AN/A
SQ
7.85%16.20%16.26%48.17%N/AN/A
PAYO
98.27%28.64%76.28%81.23%N/AN/A
MQ
-43.27%-22.05%-29.91%-34.22%N/AN/A
HIPO
Hippo Holdings Inc.		190.57%45.05%52.83%211.76%N/AN/A
ML
27.79%79.62%8.56%149.80%N/AN/A
NRDS
-1.09%19.54%5.97%25.09%N/AN/A
RDFN
-15.60%-22.37%13.86%26.42%N/AN/A
BKKT
Bakkt Holdings, Inc.		-78.28%9.99%15.44%-58.60%N/AN/A
BLND
Blend Labs, Inc.		71.76%12.31%36.88%250.40%N/AN/A
EVER
EverQuote, Inc.		53.68%-6.32%-22.88%117.21%-7.90%N/A
PAGS
-37.29%-4.98%-38.81%-10.42%N/AN/A
STNE
-45.26%-9.95%-33.18%-27.21%N/AN/A
OPEN
-60.49%-6.35%-27.31%-28.34%N/AN/A
COMP
Compass, Inc.		75.53%10.18%51.72%168.29%N/AN/A
GDOT
Green Dot Corporation		9.90%-4.14%9.13%31.40%-15.59%-6.77%
FLT
FleetCor Technologies, Inc.		-5.19%0.00%-5.28%13.60%N/AN/A
QTWO
125.36%20.39%59.72%173.73%N/AN/A
LU
69.60%-26.73%14.43%30.30%N/AN/A
UPST
64.92%27.36%163.12%159.17%N/AN/A
TOST
121.03%40.48%46.60%177.96%N/AN/A
LDI
loanDepot, Inc.		-27.56%25.00%15.91%44.89%N/AN/A
OSCR
68.74%-11.11%-30.29%112.97%N/AN/A
SOFI
34.67%31.63%88.20%81.82%N/AN/A

Monthly Returns

The table below presents the monthly returns of F-Prime Fintech Index, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
2024-7.41%5.49%5.31%-8.95%6.02%-1.74%7.13%8.62%0.84%5.24%38.56%
202328.11%-3.71%-3.33%-8.48%13.41%9.07%15.80%-10.90%-7.33%-9.73%21.85%23.00%74.64%
2022-20.06%-5.77%-0.92%-17.19%-5.51%-20.68%13.84%-0.10%-12.71%5.87%-7.11%-7.70%-58.25%
2021-5.02%-5.02%

Expense Ratio

F-Prime Fintech Index has an expense ratio of 0.00%, indicating no management fees are charged. Below you can find the expense ratios of portfolio funds side-by-side and effortlessly compare their relative costs.

The portfolio doesn't hold funds that charge fees

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of F-Prime Fintech Index is 54, suggesting that the investment has average results relative to other portfolios in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.

The Risk-Adjusted Performance Rank of F-Prime Fintech Index is 5454
Combined Rank
The Sharpe Ratio Rank of F-Prime Fintech Index is 7676Sharpe Ratio Rank
The Sortino Ratio Rank of F-Prime Fintech Index is 6161Sortino Ratio Rank
The Omega Ratio Rank of F-Prime Fintech Index is 4646Omega Ratio Rank
The Calmar Ratio Rank of F-Prime Fintech Index is 2323Calmar Ratio Rank
The Martin Ratio Rank of F-Prime Fintech Index is 6363Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

This table presents a comparison of risk-adjusted performance metrics for positions. 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.

F-Prime Fintech Index
Sharpe ratio
The chart of Sharpe ratio for F-Prime Fintech Index, currently valued at 2.79, compared to the broader market0.002.004.006.002.79
Sortino ratio
The chart of Sortino ratio for F-Prime Fintech Index, currently valued at 3.46, compared to the broader market-2.000.002.004.006.003.46
Omega ratio
The chart of Omega ratio for F-Prime Fintech Index, currently valued at 1.41, compared to the broader market0.801.001.201.401.601.802.001.41
Calmar ratio
The chart of Calmar ratio for F-Prime Fintech Index, currently valued at 1.75, compared to the broader market0.005.0010.0015.001.75
Martin ratio
The chart of Martin ratio for F-Prime Fintech Index, currently valued at 15.92, compared to the broader market0.0010.0020.0030.0040.0050.0015.92
^GSPC
Sharpe ratio
The chart of Sharpe ratio for ^GSPC, currently valued at 2.66, compared to the broader market0.002.004.006.002.66
Sortino ratio
The chart of Sortino ratio for ^GSPC, currently valued at 3.56, compared to the broader market-2.000.002.004.006.003.56
Omega ratio
The chart of Omega ratio for ^GSPC, currently valued at 1.50, compared to the broader market0.801.001.201.401.601.802.001.50
Calmar ratio
The chart of Calmar ratio for ^GSPC, currently valued at 3.81, compared to the broader market0.005.0010.0015.003.81
Martin ratio
The chart of Martin ratio for ^GSPC, currently valued at 17.03, compared to the broader market0.0010.0020.0030.0040.0050.0017.03
Portfolio components
Sharpe ratioSortino ratioOmega ratioCalmar ratioMartin ratio
NU
1.952.541.322.1312.61
BILL
Bill.com Holdings, Inc.		1.001.631.210.601.68
FLYW
Flywire Corporation		-0.060.281.03-0.05-0.10
SHOP
1.271.911.281.023.34
INTA
Intapp, Inc.		0.921.551.201.072.37
LSPD
0.170.611.090.120.30
ALKT
Alkami Technology, Inc.		1.702.351.294.2110.00
BL
BlackLine, Inc.		0.230.621.070.140.43
AVDX
AvidXchange Holdings, Inc.		0.220.571.100.180.45
MELI
0.851.291.191.233.24
COIN
Coinbase Global, Inc.		2.362.951.333.108.79
AFRM
Affirm Holdings, Inc.		1.332.291.271.363.64
RELY
-0.24-0.070.99-0.17-0.34
CLOV
Clover Health Investments, Corp.		2.423.211.382.3812.53
EXFY
Expensify Inc		0.301.371.150.291.01
ENV
Envestnet, Inc.		2.703.911.591.3811.31
LMND
1.362.041.291.485.08
OLO
0.711.341.150.351.69
PYPL
1.502.051.270.727.95
NCNO
1.041.631.230.783.02
DCO
Ducommun Incorporated		1.121.861.231.937.52
PAY
1.602.701.321.636.15
SQ
1.111.751.220.742.85
PAYO
1.652.551.401.787.94
MQ
-0.58-0.410.93-0.46-1.53
HIPO
Hippo Holdings Inc.		2.333.321.382.129.41
ML
1.422.221.271.773.96
NRDS
0.441.041.140.491.36
RDFN
0.491.371.150.461.33
BKKT
Bakkt Holdings, Inc.		-0.350.371.05-0.52-0.75
BLND
Blend Labs, Inc.		2.843.191.382.7816.63
EVER
EverQuote, Inc.		1.952.651.312.268.25
PAGS
-0.170.031.00-0.10-0.32
STNE
-0.58-0.620.93-0.47-0.94
OPEN
-0.280.131.01-0.25-0.48
COMP
Compass, Inc.		2.683.291.382.3316.47
GDOT
Green Dot Corporation		0.721.321.170.453.42
FLT
FleetCor Technologies, Inc.		0.771.071.230.911.30
QTWO
4.275.021.633.0046.31
LU
0.641.671.200.642.57
UPST
1.652.771.321.884.66
TOST
3.594.091.502.6822.40
LDI
loanDepot, Inc.		0.721.661.180.821.69
OSCR
1.632.471.292.736.03
SOFI
1.341.981.261.313.14

Sharpe Ratio

The current F-Prime Fintech Index Sharpe ratio is 2.79. This value is calculated based on the past 1 year of trading data and takes into account price changes and dividends.

Compared to the broad market, where average Sharpe ratios range from 1.86 to 2.73, this portfolio's current Sharpe ratio is in the top 25%, it signifies superior risk-adjusted performance. This means that for the level of risk undertaken, the portfolio is generating impressive returns compared to most others.

Use the chart below to compare the Sharpe ratio of F-Prime Fintech Index with the selected benchmark, providing insights into the investment's historical performance in terms of risk-adjusted returns. Go to the Sharpe ratio tool for more fine-grained control over the calculation options.

Rolling 12-month Sharpe Ratio0.001.002.003.004.00JuneJulyAugustSeptemberOctoberNovember
2.79
2.66
F-Prime Fintech Index
Benchmark (^GSPC)
Portfolio components

Dividends

Dividend yield

F-Prime Fintech Index provided a 2.24% dividend yield over the last twelve months.

TTM20232022202120202019201820172016201520142013
Portfolio2.24%0.25%0.67%0.38%0.00%0.00%0.00%0.00%0.01%0.01%0.01%0.01%
Portfolio components:
NU
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
BILL
Bill.com Holdings, Inc.		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
FLYW
Flywire Corporation		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
SHOP
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
INTA
Intapp, Inc.		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
LSPD
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
ALKT
Alkami Technology, Inc.		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
BL
BlackLine, Inc.		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
AVDX
AvidXchange Holdings, Inc.		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
MELI
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.19%0.38%0.36%0.52%0.53%
COIN
Coinbase Global, Inc.		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
AFRM
Affirm Holdings, Inc.		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
RELY
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
CLOV
Clover Health Investments, Corp.		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
EXFY
Expensify Inc		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
ENV
Envestnet, Inc.		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
LMND
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
OLO
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
PYPL
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
NCNO
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
DCO
Ducommun Incorporated		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
PAY
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
SQ
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
PAYO
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
MQ
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
HIPO
Hippo Holdings Inc.		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
ML
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
NRDS
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
RDFN
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
BKKT
Bakkt Holdings, Inc.		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
BLND
Blend Labs, Inc.		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
EVER
EverQuote, Inc.		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
PAGS
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
STNE
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
OPEN
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
COMP
Compass, Inc.		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
GDOT
Green Dot Corporation		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
FLT
FleetCor Technologies, Inc.		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
QTWO
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
LU
103.86%11.60%26.29%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
UPST
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
TOST
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
LDI
loanDepot, Inc.		0.00%0.00%4.85%17.75%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
OSCR
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
SOFI
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

-40.00%-30.00%-20.00%-10.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-4.06%
-0.87%
F-Prime Fintech Index
Benchmark (^GSPC)
Portfolio components

Worst Drawdowns

The table below displays the maximum drawdowns of the F-Prime Fintech Index. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the F-Prime Fintech Index was 62.98%, occurring on Dec 28, 2022. The portfolio has not yet recovered.

The current F-Prime Fintech Index drawdown is 4.06%.

Depth

Start

To Bottom

Bottom

To Recover

End

Total

-62.98%Dec 10, 2021264Dec 28, 2022———

Volatility

Volatility Chart

The current F-Prime Fintech Index volatility is 9.03%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.

2.00%4.00%6.00%8.00%10.00%12.00%JuneJulyAugustSeptemberOctoberNovember
9.03%
3.81%
F-Prime Fintech Index
Benchmark (^GSPC)
Portfolio components

Diversification

Asset Correlations Table

The table below displays the correlation coefficients between the individual components of the portfolio, the entire portfolio, and the chosen benchmark.
LUEVERLDIDCOHIPOMLENVINTAFLTOSCREXFYBLNDNRDSCLOVNUBKKTRELYPAYPAYOGDOTMELIALKTPAGSAVDXSTNECOMPCOINFLYWOLOPYPLRDFNTOSTBLOPENLMNDUPSTSHOPNCNOBILLMQSOFILSPDQTWOSQAFRM
LU1.000.260.170.160.210.140.250.120.240.190.210.200.230.260.230.230.190.240.280.260.240.240.320.230.270.280.260.250.250.280.300.260.270.310.280.290.310.240.270.290.290.340.290.330.31
EVER0.261.000.220.250.270.290.200.270.250.310.240.230.330.240.270.240.240.320.290.330.370.340.350.290.330.340.290.340.320.340.340.330.360.340.370.320.320.360.310.330.340.330.380.380.36
LDI0.170.221.000.260.260.210.270.230.300.260.260.290.260.320.260.290.230.250.280.380.240.240.310.290.310.390.340.320.330.340.450.310.360.420.360.400.330.340.270.340.400.370.370.370.40
DCO0.160.250.261.000.290.260.300.300.350.310.280.250.300.300.270.280.280.360.320.370.310.320.330.360.290.320.310.340.350.320.310.310.350.330.330.310.330.360.310.340.330.330.400.360.36
HIPO0.210.270.260.291.000.270.300.280.300.290.340.310.350.410.320.370.370.360.320.330.310.310.330.330.310.390.360.410.410.380.390.370.380.430.520.440.360.370.370.390.440.400.390.390.45
ML0.140.290.210.260.271.000.280.280.240.330.360.370.360.330.370.370.310.350.380.330.350.380.320.340.370.380.430.360.410.340.370.370.400.410.410.420.400.380.380.390.460.390.440.400.47
ENV0.250.200.270.300.300.281.000.300.440.320.330.280.280.340.300.320.300.340.350.420.360.350.350.360.360.400.350.430.380.440.400.420.440.350.410.390.380.410.400.400.380.450.520.490.44
INTA0.120.270.230.300.280.280.301.000.230.340.310.350.370.340.380.310.390.370.410.380.420.420.350.400.370.320.330.400.470.390.360.420.430.390.380.400.480.480.470.440.460.470.480.470.43
FLT0.240.250.300.350.300.240.440.231.000.340.300.290.260.380.310.300.310.410.340.450.390.350.390.390.400.420.360.410.390.480.430.430.440.410.400.360.440.430.430.430.390.520.490.500.44
OSCR0.190.310.260.310.290.330.320.340.341.000.320.300.330.450.400.370.350.380.390.360.380.380.420.370.410.380.370.410.390.410.440.420.390.430.470.380.400.420.420.450.430.440.450.420.47
EXFY0.210.240.260.280.340.360.330.310.300.321.000.370.370.330.380.390.370.380.400.400.350.420.370.420.370.370.420.400.420.410.420.400.460.460.450.470.410.440.500.450.470.450.460.470.48
BLND0.200.230.290.250.310.370.280.350.290.300.371.000.370.360.320.380.390.350.410.320.360.420.340.380.330.490.450.430.440.390.480.460.460.460.480.520.390.480.480.430.480.460.460.440.51
NRDS0.230.330.260.300.350.360.280.370.260.330.370.371.000.370.390.350.400.430.390.400.390.390.390.410.380.420.370.390.450.430.430.410.460.440.430.480.460.440.430.450.510.440.440.440.48
CLOV0.260.240.320.300.410.330.340.340.380.450.330.360.371.000.340.430.390.420.410.430.380.380.430.380.430.460.430.390.450.430.480.430.440.490.550.480.450.440.420.470.480.500.480.480.53
NU0.230.270.260.270.320.370.300.380.310.400.380.320.390.341.000.430.420.420.410.370.520.410.580.420.570.430.460.480.440.440.450.500.380.440.450.430.500.490.460.510.500.470.470.520.49
BKKT0.230.240.290.280.370.370.320.310.300.370.390.380.350.430.431.000.420.470.420.410.410.420.440.410.430.400.610.450.440.450.460.470.470.480.490.540.450.450.470.500.520.500.480.500.55
RELY0.190.240.230.280.370.310.300.390.310.350.370.390.400.390.420.421.000.450.500.380.450.490.430.520.460.440.430.520.510.440.440.480.440.470.490.450.460.480.510.550.500.490.480.520.52
PAY0.240.320.250.360.360.350.340.370.410.380.380.350.430.420.420.470.451.000.440.450.430.440.440.410.420.420.490.460.480.460.450.500.500.480.450.480.510.480.490.510.490.510.530.540.50
PAYO0.280.290.280.320.320.380.350.410.340.390.400.410.390.410.410.420.500.441.000.440.460.440.430.480.430.390.440.530.470.490.430.480.460.450.480.450.490.450.510.520.500.530.530.520.51
GDOT0.260.330.380.370.330.330.420.380.450.360.400.320.400.430.370.410.380.450.441.000.360.390.430.460.420.470.480.440.510.510.490.450.470.500.490.520.490.520.480.510.540.500.550.580.55
MELI0.240.370.240.310.310.350.360.420.390.380.350.360.390.380.520.410.450.430.460.361.000.470.560.450.550.450.470.500.450.540.480.520.490.460.480.470.610.530.520.510.500.550.490.600.53
ALKT0.240.340.240.320.310.380.350.420.350.380.420.420.390.380.410.420.490.440.440.390.471.000.460.540.470.450.450.520.540.490.440.500.550.480.480.490.560.580.550.510.520.560.650.550.54
PAGS0.320.350.310.330.330.320.350.350.390.420.370.340.390.430.580.440.430.440.430.430.560.461.000.450.820.460.480.520.520.550.460.510.460.470.500.460.540.520.490.550.510.530.510.570.53
AVDX0.230.290.290.360.330.340.360.400.390.370.420.380.410.380.420.410.520.410.480.460.450.540.451.000.420.480.490.530.520.470.480.540.520.510.520.520.510.570.590.600.530.550.590.590.58
STNE0.270.330.310.290.310.370.360.370.400.410.370.330.380.430.570.430.460.420.430.420.550.470.820.421.000.460.480.540.510.540.490.490.470.490.510.480.540.520.490.550.530.560.510.570.53
COMP0.280.340.390.320.390.380.400.320.420.380.370.490.420.460.430.400.440.420.390.470.450.450.460.480.461.000.510.490.500.460.690.520.500.650.550.550.510.520.500.520.550.550.540.550.58
COIN0.260.290.340.310.360.430.350.330.360.370.420.450.370.430.460.610.430.490.440.480.470.450.480.490.480.511.000.490.490.500.520.530.530.560.530.600.550.520.540.540.610.580.540.590.65
FLYW0.250.340.320.340.410.360.430.400.410.410.400.430.390.390.480.450.520.460.530.440.500.520.520.530.540.490.491.000.510.540.500.590.550.520.520.500.540.580.590.590.530.560.570.580.58
OLO0.250.320.330.350.410.410.380.470.390.390.420.440.450.450.440.440.510.480.470.510.450.540.520.520.510.500.490.511.000.550.510.560.560.540.560.520.570.600.570.570.570.590.600.620.58
PYPL0.280.340.340.320.380.340.440.390.480.410.410.390.430.430.440.450.440.460.490.510.540.490.550.470.540.460.500.540.551.000.520.550.560.520.570.560.640.590.580.590.580.610.600.680.60
RDFN0.300.340.450.310.390.370.400.360.430.440.420.480.430.480.450.460.440.450.430.490.480.440.460.480.490.690.520.500.510.521.000.550.540.720.620.600.560.560.570.540.590.580.570.590.65
TOST0.260.330.310.310.370.370.420.420.430.420.400.460.410.430.500.470.480.500.480.450.520.500.510.540.490.520.530.590.560.550.551.000.550.580.560.580.570.600.630.580.580.610.610.630.62
BL0.270.360.360.350.380.400.440.430.440.390.460.460.460.440.380.470.440.500.460.470.490.550.460.520.470.500.530.550.560.560.540.551.000.560.540.580.610.610.650.540.560.610.670.630.61
OPEN0.310.340.420.330.430.410.350.390.410.430.460.460.440.490.440.480.470.480.450.500.460.480.470.510.490.650.560.520.540.520.720.580.561.000.610.640.600.570.600.570.620.600.610.590.66
LMND0.280.370.360.330.520.410.410.380.400.470.450.480.430.550.450.490.490.450.480.490.480.480.500.520.510.550.530.520.560.570.620.560.540.611.000.640.560.560.590.590.660.580.570.620.67
UPST0.290.320.400.310.440.420.390.400.360.380.470.520.480.480.430.540.450.480.450.520.470.490.460.520.480.550.600.500.520.560.600.580.580.640.641.000.580.560.610.570.720.610.590.640.74
SHOP0.310.320.330.330.360.400.380.480.440.400.410.390.460.450.500.450.460.510.490.490.610.560.540.510.540.510.550.540.570.640.560.570.610.600.560.581.000.610.620.590.610.690.610.670.64
NCNO0.240.360.340.360.370.380.410.480.430.420.440.480.440.440.490.450.480.480.450.520.530.580.520.570.520.520.520.580.600.590.560.600.610.570.560.560.611.000.660.630.570.620.710.630.63
BILL0.270.310.270.310.370.380.400.470.430.420.500.480.430.420.460.470.510.490.510.480.520.550.490.590.490.500.540.590.570.580.570.630.650.600.590.610.620.661.000.630.620.650.640.670.65
MQ0.290.330.340.340.390.390.400.440.430.450.450.430.450.470.510.500.550.510.520.510.510.510.550.600.550.520.540.590.570.590.540.580.540.570.590.570.590.630.631.000.600.620.590.700.64
SOFI0.290.340.400.330.440.460.380.460.390.430.470.480.510.480.500.520.500.490.500.540.500.520.510.530.530.550.610.530.570.580.590.580.560.620.660.720.610.570.620.601.000.620.610.640.72
LSPD0.340.330.370.330.400.390.450.470.520.440.450.460.440.500.470.500.490.510.530.500.550.560.530.550.560.550.580.560.590.610.580.610.610.600.580.610.690.620.650.620.621.000.660.690.66
QTWO0.290.380.370.400.390.440.520.480.490.450.460.460.440.480.470.480.480.530.530.550.490.650.510.590.510.540.540.570.600.600.570.610.670.610.570.590.610.710.640.590.610.661.000.650.66
SQ0.330.380.370.360.390.400.490.470.500.420.470.440.440.480.520.500.520.540.520.580.600.550.570.590.570.550.590.580.620.680.590.630.630.590.620.640.670.630.670.700.640.690.651.000.70
AFRM0.310.360.400.360.450.470.440.430.440.470.480.510.480.530.490.550.520.500.510.550.530.540.530.580.530.580.650.580.580.600.650.620.610.660.670.740.640.630.650.640.720.660.660.701.00
The correlation results are calculated based on daily price changes starting from Dec 10, 2021