FLYW vs. COIN
FLYW (Flywire Corporation) and COIN (Coinbase Global, Inc.) are both stocks. FLYW operates in Information Technology Services (Technology), while COIN operates in Financial Data & Stock Exchanges (Financial Services). Over the past 5 years, FLYW returned -12.80%/yr vs -9.17%/yr for COIN. Their 0.42 correlation means their historical movements had little consistent relationship.
Performance
FLYW vs. COIN - Performance Comparison
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Returns By Period
In the year-to-date period, FLYW achieves a 13.06% return, which is significantly higher than COIN's -35.32% return.
FLYW
- 1D
- -1.60%
- 1M
- -14.61%
- 6M
- 27.06%
- YTD
- 13.06%
- 1Y
- 54.39%
- 3Y*
- -22.99%
- 5Y*
- -12.80%
- 10Y*
- —
- ALL TIME*
- -13.53%
COIN
- 1D
- -10.59%
- 1M
- -11.61%
- 6M
- -24.89%
- YTD
- -35.32%
- 1Y
- -53.52%
- 3Y*
- 15.82%
- 5Y*
- -9.17%
- 10Y*
- —
- ALL TIME*
- -16.54%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.37B | $1.19B | $1.50B | |
| $32.35M | $34.14M | $39.86M |
FLYW vs. COIN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FLYW Flywire Corporation | 13.06% | -31.33% | -10.93% | -5.39% | -35.71% | 11.94% |
COIN Coinbase Global, Inc. | -35.32% | -8.92% | 42.77% | 391.44% | -85.98% | 4.11% |
Correlation
The correlation between FLYW and COIN is 0.39, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.39 |
Correlation (3Y) Balances recent behavior with more history. | 0.34 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.43 |
Correlation (All Time) Calculated using the full available price history since May 26, 2021 | 0.42 |
Fundamentals
FLYW:
$1.95B
COIN:
$38.53B
FLYW:
$98.10
COIN:
-$3.63
FLYW:
0.01
COIN:
7.19
FLYW:
0.00
COIN:
2.95
FLYW:
$188.60B
COIN:
$5.53B
FLYW:
$299.78M
COIN:
$4.37B
FLYW:
$11.02B
COIN:
-$580.75M
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Return for Risk
FLYW vs. COIN — Risk / Return Rank
FLYW
COIN
FLYW vs. COIN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Flywire Corporation (FLYW) and Coinbase Global, Inc. (COIN). 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.
| FLYW | COIN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.86 | ||
| Sortino ratioReturn per unit of downside risk | +3.16 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 0.84 | +0.37 |
| Calmar ratioReturn relative to maximum drawdown | 1.68 | -0.97 | +2.64 |
| Martin ratioReturn relative to average drawdown | 4.30 | -1.45 | +5.75 |
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Drawdowns
FLYW vs. COIN - Drawdown Comparison
The maximum FLYW drawdown since its inception was -84.40%, smaller than the maximum COIN drawdown of -91.46%. Use the drawdown chart below to compare losses from any high point for FLYW and COIN.
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Drawdown Indicators
| FLYW | COIN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.40% | -91.46% | +7.06% |
Max Drawdown (1Y)Largest decline over 1 year | -28.16% | -63.57% | +35.41% |
Max Drawdown (3Y)Largest decline over 3 years | -75.65% | -66.39% | -9.26% |
Max Drawdown (5Y)Largest decline over 5 years | -84.40% | -90.90% | +6.50% |
Current DrawdownCurrent decline from peak | -70.33% | -65.16% | -5.17% |
Average DrawdownAverage peak-to-trough decline | -56.37% | -52.82% | -3.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.98% | 42.68% | -31.70% |
Volatility
FLYW vs. COIN - Volatility Comparison
The current volatility for Flywire Corporation (FLYW) is 12.58%, while Coinbase Global, Inc. (COIN) has a volatility of 20.29%. This indicates that FLYW experiences smaller price fluctuations and is considered to be less risky than COIN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLYW | COIN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.58% | 20.29% | -7.71% |
Volatility (6M)Calculated over the trailing 6-month period | 39.22% | 54.91% | -15.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 48.56% | 69.65% | -21.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 57.26% | 86.15% | -28.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 57.07% | 85.12% | -28.05% |
Dividends
FLYW vs. COIN - Dividend Comparison
Neither FLYW nor COIN has paid dividends to shareholders.
Financials
FLYW vs. COIN - Financials Comparison
This section allows you to compare key financial metrics between Flywire Corporation and Coinbase 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
FLYW vs. COIN - Profitability Comparison
FLYW - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Flywire Corporation reported a gross profit of 0.00 and revenue of 188.11B. Therefore, the gross margin over that period was 0.0%.
COIN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Coinbase Global, Inc. reported a gross profit of 1.03B and revenue of 1.22B. Therefore, the gross margin over that period was 84.4%.
FLYW - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Flywire Corporation reported an operating income of 10.78B and revenue of 188.11B, resulting in an operating margin of 5.7%.
COIN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Coinbase Global, Inc. reported an operating income of 31.72M and revenue of 1.22B, resulting in an operating margin of 2.6%.
FLYW - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Flywire Corporation reported a net income of 12.52B and revenue of 188.11B, resulting in a net margin of 6.7%.
COIN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Coinbase Global, Inc. reported a net income of -359.47M and revenue of 1.22B, resulting in a net margin of -29.5%.
Frequently Asked Questions
FLYW and COIN have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
COIN has higher volatility (20.29%) compared to FLYW (12.58%). In terms of maximum drawdown, FLYW dropped -84.40% vs COIN's -91.46%.
FLYW currently has the higher Sharpe Ratio (0.97 vs -0.88), 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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