FVRR vs. UPWK

Last updated Jun 23, 2026

FVRR (Fiverr International Ltd.) and UPWK (Upwork Inc.) are both stocks. FVRR operates in Internet Content & Information (Communication Services), while UPWK operates in Staffing & Employment Services (Industrials). Over the past 5 years, FVRR returned -47.01%/yr vs -32.26%/yr for UPWK. A 0.59 correlation means they provide meaningful diversification when combined.

Performance

FVRR vs. UPWK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fiverr International Ltd. (FVRR) and Upwork Inc. (UPWK). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FVRR achieves a -49.70% return, which is significantly higher than UPWK's -60.44% return.

FVRR

• 1D: -4.24%
• 1M: -10.37%
• YTD: -49.70%
• 6M: -50.18%
• 1Y: -65.78%
• 3Y*: -27.46%
• 5Y*: -47.01%
• 10Y*: —

UPWK

• 1D: -2.61%
• 1M: -10.91%
• YTD: -60.44%
• 6M: -63.18%
• 1Y: -40.33%
• 3Y*: -4.25%
• 5Y*: -32.26%
• 10Y*: —

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

FVRR vs. UPWK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
FVRR Fiverr International Ltd.	-49.70%	-37.72%	16.57%	-6.59%	-74.37%	-41.72%	730.21%	-9.62%
UPWK Upwork Inc.	-60.44%	21.22%	9.95%	42.43%	-69.44%	-1.04%	223.52%	-26.72%

Correlation

The correlation between FVRR and UPWK is 0.56, 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	0.56
Correlation (3Y) Calculated over the trailing 3-year period	0.57
Correlation (5Y) Calculated over the trailing 5-year period	0.66
Correlation (All Time) Calculated using the full available price history since Jun 13, 2019	0.59

The correlation between FVRR and UPWK has been stable across timeframes, ranging from 0.56 to 0.66 - a consistent structural relationship.

Fundamentals

Market Cap FVRR : $363.81M UPWK : $1.06B
EPS FVRR : $0.78 UPWK : $0.79
PE Ratio FVRR : 12.79 UPWK : 9.97
PEG Ratio FVRR : 0.06 UPWK : 0.06
PS Ratio FVRR : 0.86 UPWK : 1.83
PB Ratio FVRR : 0.86 UPWK : 1.87
Total Revenue (TTM) FVRR : $429.22M UPWK : $595.10M
Gross Profit (TTM) FVRR : $348.84M UPWK : $612.97M
EBITDA (TTM) FVRR : $33.15M UPWK : $152.42M

Return for Risk

FVRR vs. UPWK — Risk / Return Rank

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

FVRR

FVRR Risk / Return Rank: 2
FVRR Sharpe Ratio Rank: 1
FVRR Sortino Ratio Rank: 1
FVRR Omega Ratio Rank: 2
FVRR Calmar Ratio Rank: 3
FVRR Martin Ratio Rank: 6

UPWK

UPWK Risk / Return Rank: 15
UPWK Sharpe Ratio Rank: 13
UPWK Sortino Ratio Rank: 15
UPWK Omega Ratio Rank: 16
UPWK Calmar Ratio Rank: 19
UPWK Martin Ratio Rank: 13

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.

FVRR vs. UPWK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fiverr International Ltd. (FVRR) and Upwork Inc. (UPWK). 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.

	FVRR	UPWK	Difference
Sharpe ratio: Return per unit of total volatility	-1.37	-0.69	-0.68
Sortino ratio: Return per unit of downside risk	-2.57	-0.78	-1.79
Omega ratio: Gain probability vs. loss probability	0.70	0.90	-0.20
Calmar ratio: Return relative to maximum drawdown	-0.98	-0.63	-0.35
Martin ratio: Return relative to average drawdown	-1.50	-1.25	-0.24

FVRR vs. UPWK - Sharpe Ratio Comparison

The current FVRR Sharpe Ratio is -1.37, which is lower than the UPWK Sharpe Ratio of -0.69. The chart below compares the historical Sharpe Ratios of FVRR and UPWK, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FVRR vs. UPWK - Drawdown Comparison

The maximum FVRR drawdown since its inception was -97.02%, which is greater than UPWK's maximum drawdown of -87.48%. Use the drawdown chart below to compare losses from any high point for FVRR and UPWK.

Drawdown Indicators

	FVRR	UPWK	Difference
Max Drawdown Largest peak-to-trough decline	-97.02%	-87.48%	-9.54%
Max Drawdown (1Y) Largest decline over 1 year	-67.61%	-64.54%	-3.07%
Max Drawdown (3Y) Largest decline over 3 years	-72.86%	-64.54%	-8.32%
Max Drawdown (5Y) Largest decline over 5 years	-96.28%	-87.48%	-8.80%
Current Drawdown Current decline from peak	-96.92%	-87.08%	-9.84%
Average Drawdown Average peak-to-trough decline	-67.75%	-56.53%	-11.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	43.93%	32.23%	+11.70%

Volatility

FVRR vs. UPWK - Volatility Comparison

Fiverr International Ltd. (FVRR) has a higher volatility of 14.78% compared to Upwork Inc. (UPWK) at 12.68%. This indicates that FVRR's price experiences larger fluctuations and is considered to be riskier than UPWK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FVRR	UPWK	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.78%	12.68%	+2.10%
Volatility (6M) Calculated over the trailing 6-month period	38.69%	45.77%	-7.08%
Volatility (1Y) Calculated over the trailing 1-year period	48.17%	59.03%	-10.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	63.99%	63.22%	+0.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	70.91%	64.71%	+6.20%

Dividends

FVRR vs. UPWK - Dividend Comparison

Neither FVRR nor UPWK has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both FVRR and UPWK in my portfolio?

FVRR and UPWK have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FVRR or UPWK?

FVRR has higher volatility (14.78%) compared to UPWK (12.68%). In terms of maximum drawdown, FVRR dropped -97.02% vs UPWK's -87.48%.

Which has better risk-adjusted returns?

UPWK currently has the higher Sharpe Ratio (-0.69 vs -1.37), 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.