CPAY vs. BKKT

Last updated Jun 9, 2026

CPAY (Corpay, Inc.) and BKKT (Bakkt Holdings, Inc.) are both stocks. Both operate in the Software - Infrastructure industry within the Technology sector. Over the past 5 years, CPAY returned 5.17%/yr vs -50.00%/yr for BKKT. At a 0.28 correlation, their price movements are largely independent.

Performance

CPAY vs. BKKT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Corpay, Inc. (CPAY) and Bakkt Holdings, Inc. (BKKT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CPAY achieves a 15.98% return, which is significantly higher than BKKT's -19.22% return.

CPAY

• 1D: 0.45%
• 1M: 1.46%
• YTD: 15.98%
• 6M: 14.92%
• 1Y: 3.42%
• 3Y*: 13.39%
• 5Y*: 5.17%
• 10Y*: 9.01%

BKKT

• 1D: 3.58%
• 1M: -17.66%
• YTD: -19.22%
• 6M: -36.44%
• 1Y: -41.70%
• 3Y*: -38.43%
• 5Y*: -50.00%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

CPAY vs. BKKT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
CPAY Corpay, Inc.	15.98%	-11.08%	19.75%	53.86%	-17.94%	-17.96%	4.82%
BKKT Bakkt Holdings, Inc.	-19.22%	-59.47%	-55.57%	87.39%	-86.02%	-15.58%	-8.36%

Correlation

The correlation between CPAY and BKKT is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.20
Correlation (3Y) Calculated over the trailing 3-year period	0.25
Correlation (5Y) Calculated over the trailing 5-year period	0.29
Correlation (All Time) Calculated using the full available price history since Nov 20, 2020	0.28

Fundamentals

EPS CPAY : $16.74 BKKT : -$18.68
PS Ratio CPAY : 5.13 BKKT : 0.04
Total Revenue (TTM) CPAY : $4.78B BKKT : $1.28B
Gross Profit (TTM) CPAY : $2.57B BKKT : $470.36M
EBITDA (TTM) CPAY : $2.55B BKKT : -$124.76M

Return for Risk

CPAY vs. BKKT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CPAY

CPAY Risk / Return Rank: 44
CPAY Sharpe Ratio Rank: 46
CPAY Sortino Ratio Rank: 42
CPAY Omega Ratio Rank: 41
CPAY Calmar Ratio Rank: 46
CPAY Martin Ratio Rank: 45

BKKT

BKKT Risk / Return Rank: 35
BKKT Sharpe Ratio Rank: 30
BKKT Sortino Ratio Rank: 45
BKKT Omega Ratio Rank: 44
BKKT Calmar Ratio Rank: 25
BKKT Martin Ratio Rank: 30

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CPAY vs. BKKT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Corpay, Inc. (CPAY) and Bakkt Holdings, Inc. (BKKT). 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.

	CPAY	BKKT	Difference
Sharpe ratio: Return per unit of total volatility	0.09	-0.28	+0.37
Sortino ratio: Return per unit of downside risk	0.42	0.59	-0.18
Omega ratio: Gain probability vs. loss probability	1.05	1.07	-0.02
Calmar ratio: Return relative to maximum drawdown	0.13	-0.49	+0.62
Martin ratio: Return relative to average drawdown	0.28	-0.67	+0.94
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CPAY vs. BKKT - Sharpe Ratio Comparison

The current CPAY Sharpe Ratio is 0.09, which is higher than the BKKT Sharpe Ratio of -0.28. The chart below compares the historical Sharpe Ratios of CPAY and BKKT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CPAY	BKKT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.09	-0.28	+0.37
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.16	-0.26	+0.43
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.27	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.57	-0.26	+0.83

Drawdowns

CPAY vs. BKKT - Drawdown Comparison

The maximum CPAY drawdown since its inception was -50.13%, smaller than the maximum BKKT drawdown of -99.41%. Use the drawdown chart below to compare losses from any high point for CPAY and BKKT.

Drawdown Indicators

	CPAY	BKKT	Difference
Max Drawdown Largest peak-to-trough decline	-50.13%	-99.41%	+49.28%
Max Drawdown (1Y) Largest decline over 1 year	-27.27%	-84.57%	+57.30%
Max Drawdown (3Y) Largest decline over 3 years	-34.54%	-89.36%	+54.82%
Max Drawdown (5Y) Largest decline over 5 years	-41.63%	-99.41%	+57.78%
Max Drawdown (10Y) Largest decline over 10 years	-50.13%	—	—
Current Drawdown Current decline from peak	-10.41%	-99.24%	+88.83%
Average Drawdown Average peak-to-trough decline	-13.33%	-84.80%	+71.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.42%	62.74%	-50.32%

Volatility

CPAY vs. BKKT - Volatility Comparison

The current volatility for Corpay, Inc. (CPAY) is 14.65%, while Bakkt Holdings, Inc. (BKKT) has a volatility of 39.68%. This indicates that CPAY experiences smaller price fluctuations and is considered to be less risky than BKKT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CPAY	BKKT	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.65%	39.68%	-25.03%
Volatility (6M) Calculated over the trailing 6-month period	29.92%	81.06%	-51.14%
Volatility (1Y) Calculated over the trailing 1-year period	37.68%	149.68%	-112.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.40%	189.62%	-157.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.93%	183.12%	-150.19%

Dividends

CPAY vs. BKKT - Dividend Comparison

Neither CPAY nor BKKT has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both CPAY and BKKT in my portfolio?

CPAY and BKKT have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CPAY or BKKT?

BKKT has higher volatility (39.68%) compared to CPAY (14.65%). In terms of maximum drawdown, CPAY dropped -50.13% vs BKKT's -99.41%.

Which has better risk-adjusted returns?

CPAY currently has the higher Sharpe Ratio (0.09 vs -0.28), 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.