KSPI vs. PYPL
KSPI (Joint Stock Company Kaspi.kz) and PYPL (PayPal Holdings, Inc.) are both stocks. KSPI operates in Software - Infrastructure (Technology), while PYPL operates in Credit Services (Financial Services). Over the past year, KSPI returned 11.93% vs -41.58% for PYPL. At a 0.31 correlation, their price movements are largely independent.
Performance
KSPI vs. PYPL - Performance Comparison
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Returns By Period
In the year-to-date period, KSPI achieves a 14.20% return, which is significantly higher than PYPL's -28.10% return.
KSPI
- 1D
- -1.54%
- 1M
- -4.61%
- YTD
- 14.20%
- 6M
- 13.87%
- 1Y
- 11.93%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PYPL
- 1D
- -1.51%
- 1M
- -5.39%
- YTD
- -28.10%
- 6M
- -29.35%
- 1Y
- -41.58%
- 3Y*
- -14.34%
- 5Y*
- -32.18%
- 10Y*
- 1.83%
KSPI vs. PYPL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
KSPI Joint Stock Company Kaspi.kz | 14.20% | -17.51% | 12.61% |
PYPL PayPal Holdings, Inc. | -28.10% | -31.44% | 37.46% |
Correlation
The correlation between KSPI and PYPL is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Jan 19, 2024 | 0.31 |
Fundamentals
KSPI:
$15.87B
PYPL:
$38.36B
KSPI:
KZT 5.47K
PYPL:
$5.31
KSPI:
7.44
PYPL:
7.86
KSPI:
0.29
PYPL:
0.38
KSPI:
1.84
PYPL:
1.18
KSPI:
2.92
PYPL:
1.92
KSPI:
KZT 4.21T
PYPL:
$33.73B
KSPI:
KZT 2.98T
PYPL:
$15.56B
KSPI:
KZT 1.56T
PYPL:
$7.23B
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Return for Risk
KSPI vs. PYPL — Risk / Return Rank
KSPI
PYPL
KSPI vs. PYPL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Joint Stock Company Kaspi.kz (KSPI) and PayPal Holdings, Inc. (PYPL). 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.
| KSPI | PYPL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.40 | ||
| Sortino ratioReturn per unit of downside risk | +2.25 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 0.80 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 0.41 | -0.84 | +1.24 |
| Martin ratioReturn relative to average drawdown | 0.68 | -1.41 | +2.09 |
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Drawdowns
KSPI vs. PYPL - Drawdown Comparison
The maximum KSPI drawdown since its inception was -48.05%, smaller than the maximum PYPL drawdown of -87.30%. Use the drawdown chart below to compare losses from any high point for KSPI and PYPL.
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Drawdown Indicators
| KSPI | PYPL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.05% | -87.30% | +39.25% |
Max Drawdown (1Y)Largest decline over 1 year | -29.55% | -49.92% | +20.37% |
Max Drawdown (3Y)Largest decline over 3 years | — | -57.34% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -87.30% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -87.30% | — |
Current DrawdownCurrent decline from peak | -32.66% | -86.36% | +53.70% |
Average DrawdownAverage peak-to-trough decline | -25.90% | -36.01% | +10.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.67% | 29.43% | -11.76% |
Volatility
KSPI vs. PYPL - Volatility Comparison
Joint Stock Company Kaspi.kz (KSPI) has a higher volatility of 10.37% compared to PayPal Holdings, Inc. (PYPL) at 8.73%. This indicates that KSPI's price experiences larger fluctuations and is considered to be riskier than PYPL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KSPI | PYPL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.37% | 8.73% | +1.64% |
Volatility (6M)Calculated over the trailing 6-month period | 26.99% | 32.07% | -5.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 37.11% | 38.86% | -1.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.83% | 42.12% | -3.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.83% | 38.80% | +0.03% |
Dividends
KSPI vs. PYPL - Dividend Comparison
KSPI's dividend yield for the trailing twelve months is around 6.35%, more than PYPL's 1.03% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
KSPI Joint Stock Company Kaspi.kz | 6.35% | 0.00% | 11.56% |
PYPL PayPal Holdings, Inc. | 1.03% | 0.24% | 0.00% |
Financials
KSPI vs. PYPL - Financials Comparison
This section allows you to compare key financial metrics between Joint Stock Company Kaspi.kz and PayPal Holdings, 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
KSPI vs. PYPL - Profitability Comparison
KSPI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Joint Stock Company Kaspi.kz reported a gross profit of 722.88B and revenue of 1.03T. Therefore, the gross margin over that period was 70.5%.
PYPL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, PayPal Holdings, Inc. reported a gross profit of 3.81B and revenue of 8.35B. Therefore, the gross margin over that period was 45.6%.
KSPI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Joint Stock Company Kaspi.kz reported an operating income of 305.82B and revenue of 1.03T, resulting in an operating margin of 29.8%.
PYPL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, PayPal Holdings, Inc. reported an operating income of 1.49B and revenue of 8.35B, resulting in an operating margin of 17.8%.
KSPI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Joint Stock Company Kaspi.kz reported a net income of 239.02B and revenue of 1.03T, resulting in a net margin of 23.3%.
PYPL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, PayPal Holdings, Inc. reported a net income of 1.11B and revenue of 8.35B, resulting in a net margin of 13.3%.
Frequently Asked Questions
KSPI and PYPL have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KSPI has higher volatility (10.37%) compared to PYPL (8.73%). In terms of maximum drawdown, KSPI dropped -48.05% vs PYPL's -87.30%.
KSPI currently has the higher Sharpe Ratio (0.32 vs -1.08), 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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