EXFY vs. UPST
EXFY (Expensify Inc) and UPST (Upstart Holdings, Inc.) are both stocks. EXFY operates in Software - Application (Technology), while UPST operates in Credit Services (Financial Services). Over the past 3 years, EXFY returned -43.70%/yr vs -6.21%/yr for UPST. At a 0.42 correlation, their price movements are largely independent.
Performance
EXFY vs. UPST - Performance Comparison
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Returns By Period
In the year-to-date period, EXFY achieves a -16.56% return, which is significantly higher than UPST's -30.25% return.
EXFY
- 1D
- -1.56%
- 1M
- 10.53%
- YTD
- -16.56%
- 6M
- -21.74%
- 1Y
- -46.38%
- 3Y*
- -43.70%
- 5Y*
- —
- 10Y*
- —
UPST
- 1D
- -4.06%
- 1M
- 13.00%
- YTD
- -30.25%
- 6M
- -38.20%
- 1Y
- -44.12%
- 3Y*
- -6.21%
- 5Y*
- -24.64%
- 10Y*
- —
EXFY vs. UPST - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
EXFY Expensify Inc | -16.56% | -54.93% | 35.63% | -72.03% | -79.93% | 10.69% |
UPST Upstart Holdings, Inc. | -30.25% | -28.98% | 50.69% | 209.08% | -91.26% | -51.77% |
Correlation
The correlation between EXFY and UPST is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Nov 10, 2021 | 0.42 |
The correlation between EXFY and UPST shifts across timeframes, from 0.27 (1 year) to 0.42 (all time), reflecting how their relationship changes across market environments.
Fundamentals
EXFY:
$118.09M
UPST:
$2.96B
EXFY:
-$0.22
UPST:
$0.47
EXFY:
0.84
UPST:
2.76
EXFY:
0.85
UPST:
4.03
EXFY:
$140.00M
UPST:
$1.16B
EXFY:
$69.46M
UPST:
$810.61M
EXFY:
-$13.41M
UPST:
$67.66M
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Return for Risk
EXFY vs. UPST — Risk / Return Rank
EXFY
UPST
EXFY vs. UPST - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Expensify Inc (EXFY) and Upstart Holdings, Inc. (UPST). 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.
| EXFY | UPST | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.12 | ||
| Sortino ratioReturn per unit of downside risk | -0.29 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 0.93 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | -0.65 | -0.62 | -0.03 |
| Martin ratioReturn relative to average drawdown | -1.03 | -0.92 | -0.11 |
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Drawdowns
EXFY vs. UPST - Drawdown Comparison
The maximum EXFY drawdown since its inception was -98.46%, roughly equal to the maximum UPST drawdown of -96.90%. Use the drawdown chart below to compare losses from any high point for EXFY and UPST.
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Drawdown Indicators
| EXFY | UPST | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.46% | -96.90% | -1.56% |
Max Drawdown (1Y)Largest decline over 1 year | -71.38% | -71.21% | -0.17% |
Max Drawdown (3Y)Largest decline over 3 years | -90.86% | -72.72% | -18.14% |
Max Drawdown (5Y)Largest decline over 5 years | — | -96.90% | — |
Current DrawdownCurrent decline from peak | -97.40% | -92.18% | -5.22% |
Average DrawdownAverage peak-to-trough decline | -84.34% | -76.18% | -8.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 45.00% | 47.83% | -2.83% |
Volatility
EXFY vs. UPST - Volatility Comparison
The current volatility for Expensify Inc (EXFY) is 7.30%, while Upstart Holdings, Inc. (UPST) has a volatility of 21.77%. This indicates that EXFY experiences smaller price fluctuations and is considered to be less risky than UPST based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EXFY | UPST | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.30% | 21.77% | -14.47% |
Volatility (6M)Calculated over the trailing 6-month period | 51.70% | 50.33% | +1.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 62.48% | 71.10% | -8.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 80.23% | 103.59% | -23.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 80.23% | 113.97% | -33.74% |
Dividends
EXFY vs. UPST - Dividend Comparison
Neither EXFY nor UPST has paid dividends to shareholders.
Financials
EXFY vs. UPST - Financials Comparison
This section allows you to compare key financial metrics between Expensify Inc and Upstart Holdings, 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
EXFY vs. UPST - Profitability Comparison
EXFY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Expensify Inc reported a gross profit of 16.17M and revenue of 33.97M. Therefore, the gross margin over that period was 47.6%.
UPST - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Upstart Holdings, Inc. reported a gross profit of 0.00 and revenue of 308.21M. Therefore, the gross margin over that period was 0.0%.
EXFY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Expensify Inc reported an operating income of -1.97M and revenue of 33.97M, resulting in an operating margin of -5.8%.
UPST - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Upstart Holdings, Inc. reported an operating income of -7.52M and revenue of 308.21M, resulting in an operating margin of -2.4%.
EXFY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Expensify Inc reported a net income of -2.34M and revenue of 33.97M, resulting in a net margin of -6.9%.
UPST - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Upstart Holdings, Inc. reported a net income of -6.65M and revenue of 308.21M, resulting in a net margin of -2.2%.
Frequently Asked Questions
EXFY and UPST have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UPST has higher volatility (21.77%) compared to EXFY (7.30%). In terms of maximum drawdown, EXFY dropped -98.46% vs UPST's -96.90%.
UPST currently has the higher Sharpe Ratio (-0.62 vs -0.75), 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.
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