BILL vs. PAYO
BILL (Bill.com Holdings, Inc.) and PAYO (Payoneer Global Inc.) are both stocks. Both are in the Technology sector — BILL in Software - Application, PAYO in Software - Infrastructure. Over the past 3 years, BILL returned -34.51%/yr vs 13.31%/yr for PAYO. At a 0.48 correlation, their price movements are largely independent.
Performance
BILL vs. PAYO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BILL achieves a -39.16% return, which is significantly lower than PAYO's 20.11% return.
BILL
- 1D
- 3.27%
- 1M
- -16.97%
- YTD
- -39.16%
- 6M
- -39.18%
- 1Y
- -24.54%
- 3Y*
- -34.51%
- 5Y*
- -26.75%
- 10Y*
- —
PAYO
- 1D
- 0.00%
- 1M
- 36.92%
- YTD
- 20.11%
- 6M
- 13.26%
- 1Y
- -2.17%
- 3Y*
- 13.31%
- 5Y*
- —
- 10Y*
- —
BILL vs. PAYO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BILL Bill.com Holdings, Inc. | -39.16% | -35.62% | 3.82% | -25.12% | -56.27% | 31.51% |
PAYO Payoneer Global Inc. | 20.11% | -44.02% | 92.71% | -4.75% | -25.58% | -34.08% |
Correlation
The correlation between BILL and PAYO is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Jun 28, 2021 | 0.48 |
Fundamentals
BILL:
$3.39B
PAYO:
$2.37B
BILL:
$0.00
PAYO:
$0.20
BILL:
20.80K
PAYO:
34.40
BILL:
2.12
PAYO:
2.33
BILL:
0.89
PAYO:
3.59
BILL:
$1.60B
PAYO:
$1.07B
BILL:
$1.29B
PAYO:
$660.73M
BILL:
$68.77M
PAYO:
$204.88M
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BILL vs. PAYO — Risk / Return Rank
BILL
PAYO
BILL vs. PAYO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bill.com Holdings, Inc. (BILL) and Payoneer Global Inc. (PAYO). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BILL | PAYO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.35 | ||
| Sortino ratioReturn per unit of downside risk | -0.60 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.04 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | -0.57 | -0.05 | -0.52 |
| Martin ratioReturn relative to average drawdown | -1.25 | -0.09 | -1.16 |
Loading charts...
Drawdowns
BILL vs. PAYO - Drawdown Comparison
The maximum BILL drawdown since its inception was -90.61%, which is greater than PAYO's maximum drawdown of -69.06%. Use the drawdown chart below to compare losses from any high point for BILL and PAYO.
Loading charts...
Drawdown Indicators
| BILL | PAYO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.61% | -69.06% | -21.55% |
Max Drawdown (1Y)Largest decline over 1 year | -42.94% | -42.45% | -0.49% |
Max Drawdown (3Y)Largest decline over 3 years | -76.29% | -61.36% | -14.93% |
Max Drawdown (5Y)Largest decline over 5 years | -90.61% | — | — |
Current DrawdownCurrent decline from peak | -90.31% | -39.46% | -50.85% |
Average DrawdownAverage peak-to-trough decline | -54.69% | -43.06% | -11.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.67% | 23.76% | -4.09% |
Volatility
BILL vs. PAYO - Volatility Comparison
The current volatility for Bill.com Holdings, Inc. (BILL) is 16.82%, while Payoneer Global Inc. (PAYO) has a volatility of 24.55%. This indicates that BILL experiences smaller price fluctuations and is considered to be less risky than PAYO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BILL | PAYO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.82% | 24.55% | -7.73% |
Volatility (6M)Calculated over the trailing 6-month period | 50.00% | 43.67% | +6.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 63.38% | 53.15% | +10.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 70.45% | 56.64% | +13.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 72.98% | 56.64% | +16.34% |
Dividends
BILL vs. PAYO - Dividend Comparison
Neither BILL nor PAYO has paid dividends to shareholders.
Financials
BILL vs. PAYO - Financials Comparison
This section allows you to compare key financial metrics between Bill.com Holdings, Inc. and Payoneer Global Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
BILL vs. PAYO - Profitability Comparison
BILL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Bill.com Holdings, Inc. reported a gross profit of 331.85M and revenue of 406.56M. Therefore, the gross margin over that period was 81.6%.
PAYO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Payoneer Global Inc. reported a gross profit of 0.00 and revenue of 261.60M. Therefore, the gross margin over that period was 0.0%.
BILL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Bill.com Holdings, Inc. reported an operating income of 96.41M and revenue of 406.56M, resulting in an operating margin of 23.7%.
PAYO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Payoneer Global Inc. reported an operating income of 30.02M and revenue of 261.60M, resulting in an operating margin of 11.5%.
BILL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Bill.com Holdings, Inc. reported a net income of 12.79M and revenue of 406.56M, resulting in a net margin of 3.1%.
PAYO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Payoneer Global Inc. reported a net income of 19.57M and revenue of 261.60M, resulting in a net margin of 7.5%.
Frequently Asked Questions
BILL and PAYO have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PAYO has higher volatility (24.55%) compared to BILL (16.82%). In terms of maximum drawdown, BILL dropped -90.61% vs PAYO's -69.06%.
PAYO currently has the higher Sharpe Ratio (-0.04 vs -0.39), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for BILL and PAYO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer