KSPI vs. HEPS
Compare and contrast key facts about Joint Stock Company Kaspi.kz (KSPI) and D-MARKET Elektronik Hizmetler ve Ticaret Anonim Sirketi (HEPS).
Performance
KSPI vs. HEPS - Performance Comparison
Loading graphics...
KSPI vs. HEPS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
KSPI Joint Stock Company Kaspi.kz | -5.20% | -17.51% | 8.53% |
HEPS D-MARKET Elektronik Hizmetler ve Ticaret Anonim Sirketi | 5.65% | -18.15% | 89.37% |
Fundamentals
KSPI:
$14.07B
HEPS:
$807.45M
KSPI:
$5.53K
HEPS:
-$17.40
KSPI:
0.00
HEPS:
0.01
KSPI:
0.01
HEPS:
0.40
KSPI:
$4.01T
HEPS:
$79.46B
KSPI:
$2.69T
HEPS:
$25.37B
KSPI:
$1.56T
HEPS:
$6.84B
Returns By Period
In the year-to-date period, KSPI achieves a -5.20% return, which is significantly lower than HEPS's 5.65% return.
KSPI
- 1D
- 2.56%
- 1M
- 4.93%
- YTD
- -5.20%
- 6M
- -9.32%
- 1Y
- -20.23%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HEPS
- 1D
- 0.38%
- 1M
- -1.13%
- YTD
- 5.65%
- 6M
- -2.60%
- 1Y
- -8.07%
- 3Y*
- 25.04%
- 5Y*
- —
- 10Y*
- —
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
KSPI vs. HEPS — Risk / Return Rank
KSPI
HEPS
KSPI vs. HEPS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Joint Stock Company Kaspi.kz (KSPI) and D-MARKET Elektronik Hizmetler ve Ticaret Anonim Sirketi (HEPS). 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.
| KSPI | HEPS | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.53 | -0.14 | -0.38 |
Sortino ratioReturn per unit of downside risk | -0.60 | 0.20 | -0.80 |
Omega ratioGain probability vs. loss probability | 0.93 | 1.03 | -0.10 |
Calmar ratioReturn relative to maximum drawdown | -0.72 | -0.33 | -0.39 |
Martin ratioReturn relative to average drawdown | -1.20 | -0.65 | -0.55 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| KSPI | HEPS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.53 | -0.14 | -0.38 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.19 | -0.39 | +0.20 |
Correlation
The correlation between KSPI and HEPS is 0.19, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
KSPI vs. HEPS - Dividend Comparison
Neither KSPI nor HEPS has paid dividends to shareholders.
| TTM | 2025 | 2024 | |
|---|---|---|---|
KSPI Joint Stock Company Kaspi.kz | 0.00% | 0.00% | 11.56% |
HEPS D-MARKET Elektronik Hizmetler ve Ticaret Anonim Sirketi | 0.00% | 0.00% | 0.00% |
Drawdowns
KSPI vs. HEPS - Drawdown Comparison
The maximum KSPI drawdown since its inception was -48.05%, smaller than the maximum HEPS drawdown of -95.74%. Use the drawdown chart below to compare losses from any high point for KSPI and HEPS.
Loading graphics...
Drawdown Indicators
| KSPI | HEPS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.05% | -95.74% | +47.69% |
Max Drawdown (1Y)Largest decline over 1 year | -29.55% | -28.52% | -1.03% |
Current DrawdownCurrent decline from peak | -44.10% | -81.63% | +37.53% |
Average DrawdownAverage peak-to-trough decline | -25.06% | -82.35% | +57.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.70% | 14.35% | +3.35% |
Volatility
KSPI vs. HEPS - Volatility Comparison
Joint Stock Company Kaspi.kz (KSPI) has a higher volatility of 11.35% compared to D-MARKET Elektronik Hizmetler ve Ticaret Anonim Sirketi (HEPS) at 9.66%. This indicates that KSPI's price experiences larger fluctuations and is considered to be riskier than HEPS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| KSPI | HEPS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.35% | 9.66% | +1.69% |
Volatility (6M)Calculated over the trailing 6-month period | 23.47% | 48.18% | -24.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.62% | 57.36% | -18.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.75% | 74.64% | -35.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.75% | 74.64% | -35.89% |
Financials
KSPI vs. HEPS - Financials Comparison
This section allows you to compare key financial metrics between Joint Stock Company Kaspi.kz and D-MARKET Elektronik Hizmetler ve Ticaret Anonim Sirketi. 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
KSPI vs. HEPS - Profitability Comparison
KSPI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Joint Stock Company Kaspi.kz reported a gross profit of 819.91B and revenue of 1.11T. Therefore, the gross margin over that period was 73.9%.
HEPS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, D-MARKET Elektronik Hizmetler ve Ticaret Anonim Sirketi reported a gross profit of 6.30B and revenue of 28.41B. Therefore, the gross margin over that period was 22.2%.
KSPI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Joint Stock Company Kaspi.kz reported an operating income of 344.41B and revenue of 1.11T, resulting in an operating margin of 31.1%.
HEPS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, D-MARKET Elektronik Hizmetler ve Ticaret Anonim Sirketi reported an operating income of -812.36M and revenue of 28.41B, resulting in an operating margin of -2.9%.
KSPI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Joint Stock Company Kaspi.kz reported a net income of 267.97B and revenue of 1.11T, resulting in a net margin of 24.2%.
HEPS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, D-MARKET Elektronik Hizmetler ve Ticaret Anonim Sirketi reported a net income of -3.13B and revenue of 28.41B, resulting in a net margin of -11.0%.