EXFY vs. ZETA

Last updated Jun 4, 2026

EXFY (Expensify Inc) and ZETA (Zeta Global Holdings Corp.) are both stocks. Both operate in the Software - Application industry within the Technology sector. Over the past 3 years, EXFY returned -44.59%/yr vs 37.46%/yr for ZETA. At a 0.35 correlation, their price movements are largely independent.

Performance

EXFY vs. ZETA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Expensify Inc (EXFY) and Zeta Global Holdings Corp. (ZETA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EXFY achieves a -23.18% return, which is significantly lower than ZETA's 14.35% return.

EXFY

• 1D: -1.69%
• 1M: 3.57%
• YTD: -23.18%
• 6M: -28.40%
• 1Y: -49.57%
• 3Y*: -44.59%
• 5Y*: —
• 10Y*: —

ZETA

• 1D: -7.84%
• 1M: 26.06%
• YTD: 14.35%
• 6M: 26.47%
• 1Y: 76.69%
• 3Y*: 37.46%
• 5Y*: —
• 10Y*: —

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

EXFY vs. ZETA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
EXFY Expensify Inc	-23.18%	-54.93%	35.63%	-72.03%	-79.93%	7.16%
ZETA Zeta Global Holdings Corp.	14.35%	13.12%	103.97%	7.96%	-2.97%	-14.95%

Correlation

The correlation between EXFY and ZETA is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.37
Correlation (3Y) Calculated over the trailing 3-year period	0.33
Correlation (All Time) Calculated using the full available price history since Nov 11, 2021	0.35

Fundamentals

EPS EXFY : -$0.22 ZETA : -$0.14
PS Ratio EXFY : 0.77 ZETA : 2.68
Total Revenue (TTM) EXFY : $140.00M ZETA : $1.44B
Gross Profit (TTM) EXFY : $69.46M ZETA : $881.70M
EBITDA (TTM) EXFY : -$13.41M ZETA : $50.09M

Return for Risk

EXFY vs. ZETA — Risk / Return Rank

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

EXFY

EXFY Risk / Return Rank: 13
EXFY Sharpe Ratio Rank: 9
EXFY Sortino Ratio Rank: 11
EXFY Omega Ratio Rank: 11
EXFY Calmar Ratio Rank: 16
EXFY Martin Ratio Rank: 17

ZETA

ZETA Risk / Return Rank: 72
ZETA Sharpe Ratio Rank: 72
ZETA Sortino Ratio Rank: 74
ZETA Omega Ratio Rank: 70
ZETA Calmar Ratio Rank: 73
ZETA Martin Ratio Rank: 70

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.

EXFY vs. ZETA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Expensify Inc (EXFY) and Zeta Global Holdings Corp. (ZETA). 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.

	EXFY	ZETA	Difference
Sharpe ratio Return per unit of total volatility	-0.80	1.05	-1.85
Sortino ratio Return per unit of downside risk	-1.05	1.99	-3.04
Omega ratio Gain probability vs. loss probability	0.87	1.23	-0.36
Calmar ratio Return relative to maximum drawdown	-0.70	1.91	-2.61
Martin ratio Return relative to average drawdown	-1.12	3.91	-5.04
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EXFY vs. ZETA - Sharpe Ratio Comparison

The current EXFY Sharpe Ratio is -0.80, which is lower than the ZETA Sharpe Ratio of 1.05. The chart below compares the historical Sharpe Ratios of EXFY and ZETA, 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

	EXFY	ZETA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.80	1.05	-1.85
Sharpe Ratio (All Time) Calculated using the full available price history	-0.68	0.30	-0.97

Drawdowns

EXFY vs. ZETA - Drawdown Comparison

The maximum EXFY drawdown since its inception was -98.46%, which is greater than ZETA's maximum drawdown of -70.01%. Use the drawdown chart below to compare losses from any high point for EXFY and ZETA.

Drawdown Indicators

	EXFY	ZETA	Difference
Max Drawdown Largest peak-to-trough decline	-98.46%	-70.01%	-28.45%
Max Drawdown (1Y) Largest decline over 1 year	-71.38%	-40.37%	-31.01%
Max Drawdown (3Y) Largest decline over 3 years	-90.86%	-70.01%	-20.85%
Current Drawdown Current decline from peak	-97.61%	-36.66%	-60.95%
Average Drawdown Average peak-to-trough decline	-84.34%	-34.03%	-50.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	44.10%	19.66%	+24.44%

Volatility

EXFY vs. ZETA - Volatility Comparison

The current volatility for Expensify Inc (EXFY) is 19.99%, while Zeta Global Holdings Corp. (ZETA) has a volatility of 24.19%. This indicates that EXFY experiences smaller price fluctuations and is considered to be less risky than ZETA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EXFY	ZETA	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.99%	24.19%	-4.20%
Volatility (6M) Calculated over the trailing 6-month period	51.76%	48.30%	+3.46%
Volatility (1Y) Calculated over the trailing 1-year period	62.52%	73.49%	-10.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	80.44%	72.21%	+8.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	80.44%	72.21%	+8.23%

Dividends

EXFY vs. ZETA - Dividend Comparison

Neither EXFY nor ZETA has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

EXFY vs. ZETA - Profitability Comparison

The chart below illustrates the profitability comparison between Expensify Inc and Zeta Global Holdings Corp. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

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%.

ZETA - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Zeta Global Holdings Corp. reported a gross profit of 233.86M and revenue of 396.30M. Therefore, the gross margin over that period was 59.0%.

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%.

ZETA - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Zeta Global Holdings Corp. reported an operating income of -18.84M and revenue of 396.30M, resulting in an operating margin of -4.8%.

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%.

ZETA - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Zeta Global Holdings Corp. reported a net income of -13.25M and revenue of 396.30M, resulting in a net margin of -3.3%.

Frequently Asked Questions

Can I hold both EXFY and ZETA in my portfolio?

EXFY and ZETA have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EXFY or ZETA?

ZETA has higher volatility (24.19%) compared to EXFY (19.99%). In terms of maximum drawdown, EXFY dropped -98.46% vs ZETA's -70.01%.

Which has better risk-adjusted returns?

ZETA currently has the higher Sharpe Ratio (1.05 vs -0.80), 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.