FLYW vs. MQ
FLYW (Flywire Corporation) and MQ (Marqeta, Inc.) are both stocks. Both are in the Technology sector — FLYW in Information Technology Services, MQ in Software - Infrastructure. Over the past 3 years, FLYW returned -24.08%/yr vs -6.87%/yr for MQ. A 0.52 correlation means they provide meaningful diversification when combined.
Performance
FLYW vs. MQ - Performance Comparison
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Returns By Period
In the year-to-date period, FLYW achieves a -1.98% return, which is significantly higher than MQ's -19.58% return.
FLYW
- 1D
- -3.61%
- 1M
- -19.44%
- YTD
- -1.98%
- 6M
- 2.89%
- 1Y
- 32.19%
- 3Y*
- -24.08%
- 5Y*
- -13.76%
- 10Y*
- —
MQ
- 1D
- -1.55%
- 1M
- -8.39%
- YTD
- -19.58%
- 6M
- -18.72%
- 1Y
- -30.16%
- 3Y*
- -6.87%
- 5Y*
- —
- 10Y*
- —
FLYW vs. MQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FLYW Flywire Corporation | -1.98% | -31.33% | -10.93% | -5.39% | -35.71% | 30.84% |
MQ Marqeta, Inc. | -19.58% | 25.33% | -45.70% | 14.24% | -64.41% | -43.74% |
Correlation
The correlation between FLYW and MQ is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Jun 10, 2021 | 0.52 |
The correlation between FLYW and MQ has been stable across timeframes, ranging from 0.46 to 0.53 - a consistent structural relationship.
Fundamentals
FLYW:
$1.78B
MQ:
$1.66B
FLYW:
$99.12
MQ:
$0.00
FLYW:
0.14
MQ:
795.16
FLYW:
0.01
MQ:
2.65
FLYW:
0.00
MQ:
2.23
FLYW:
$188.60B
MQ:
$651.61M
FLYW:
$299.78M
MQ:
$456.19M
FLYW:
$11.02B
MQ:
$24.62M
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Return for Risk
FLYW vs. MQ — Risk / Return Rank
FLYW
MQ
FLYW vs. MQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Flywire Corporation (FLYW) and Marqeta, Inc. (MQ). 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.
| FLYW | MQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.40 | ||
| Sortino ratioReturn per unit of downside risk | +2.35 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 0.89 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 1.15 | -0.68 | +1.83 |
| Martin ratioReturn relative to average drawdown | 3.08 | -1.00 | +4.08 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FLYW | MQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.69 | -0.72 | +1.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.24 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.29 | -0.53 | +0.23 |
Drawdowns
FLYW vs. MQ - Drawdown Comparison
The maximum FLYW drawdown since its inception was -84.40%, smaller than the maximum MQ drawdown of -89.71%. Use the drawdown chart below to compare losses from any high point for FLYW and MQ.
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Drawdown Indicators
| FLYW | MQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.40% | -89.71% | +5.31% |
Max Drawdown (1Y)Largest decline over 1 year | -28.16% | -44.22% | +16.06% |
Max Drawdown (3Y)Largest decline over 3 years | -75.98% | -53.34% | -22.64% |
Max Drawdown (5Y)Largest decline over 5 years | -84.40% | -89.71% | +5.31% |
Current DrawdownCurrent decline from peak | -74.28% | -88.51% | +14.23% |
Average DrawdownAverage peak-to-trough decline | -56.05% | -75.17% | +19.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.49% | 30.18% | -19.69% |
Volatility
FLYW vs. MQ - Volatility Comparison
The current volatility for Flywire Corporation (FLYW) is 13.57%, while Marqeta, Inc. (MQ) has a volatility of 14.84%. This indicates that FLYW experiences smaller price fluctuations and is considered to be less risky than MQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLYW | MQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.57% | 14.84% | -1.27% |
Volatility (6M)Calculated over the trailing 6-month period | 36.75% | 29.01% | +7.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.09% | 42.33% | +4.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 57.36% | 64.84% | -7.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 57.35% | 64.84% | -7.49% |
Dividends
FLYW vs. MQ - Dividend Comparison
Neither FLYW nor MQ has paid dividends to shareholders.
Financials
FLYW vs. MQ - Financials Comparison
This section allows you to compare key financial metrics between Flywire Corporation and Marqeta, 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. MQ - Profitability Comparison
FLYW - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 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%.
MQ - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Marqeta, Inc. reported a gross profit of 117.59M and revenue of 165.80M. Therefore, the gross margin over that period was 70.9%.
FLYW - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Flywire Corporation reported an operating income of 10.78B and revenue of 188.11B, resulting in an operating margin of 5.7%.
MQ - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Marqeta, Inc. reported an operating income of 2.09M and revenue of 165.80M, resulting in an operating margin of 1.3%.
FLYW - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Flywire Corporation reported a net income of 12.52B and revenue of 188.11B, resulting in a net margin of 6.7%.
MQ - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Marqeta, Inc. reported a net income of 7.83M and revenue of 165.80M, resulting in a net margin of 4.7%.
Frequently Asked Questions
FLYW and MQ have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MQ has higher volatility (14.84%) compared to FLYW (13.57%). In terms of maximum drawdown, FLYW dropped -84.40% vs MQ's -89.71%.
FLYW currently has the higher Sharpe Ratio (0.69 vs -0.72), 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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