LSPD vs. IGV
LSPD (Lightspeed Commerce Inc) is a stock, while IGV (iShares Expanded Tech-Software Sector ETF) is Technology Equities fund tracking the S&P North American Expanded Technology Software Index. Over the past 5 years, LSPD returned -35.69%/yr vs 2.55%/yr for IGV. A 0.59 correlation means they provide meaningful diversification when combined.
Performance
LSPD vs. IGV - Performance Comparison
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Returns By Period
In the year-to-date period, LSPD achieves a -24.75% return, which is significantly lower than IGV's -17.38% return.
LSPD
- 1D
- -3.30%
- 1M
- 6.19%
- YTD
- -24.75%
- 6M
- -26.10%
- 1Y
- -16.53%
- 3Y*
- -15.38%
- 5Y*
- -35.69%
- 10Y*
- —
IGV
- 1D
- -2.00%
- 1M
- -7.11%
- YTD
- -17.38%
- 6M
- -19.85%
- 1Y
- -16.92%
- 3Y*
- 9.05%
- 5Y*
- 2.55%
- 10Y*
- 15.70%
LSPD vs. IGV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
LSPD Lightspeed Commerce Inc | -24.75% | -20.68% | -27.44% | 46.78% | -64.63% | -42.56% | 151.62% | -15.04% |
IGV iShares Expanded Tech-Software Sector ETF | -17.38% | 5.56% | 23.41% | 58.56% | -35.65% | 12.30% | 52.86% | 9.33% |
Correlation
The correlation between LSPD and IGV is 0.64, 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 | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Aug 13, 2019 | 0.59 |
The correlation between LSPD and IGV has been stable across timeframes, ranging from 0.56 to 0.65 - a consistent structural relationship.
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Return for Risk
LSPD vs. IGV — Risk / Return Rank
LSPD
IGV
LSPD vs. IGV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lightspeed Commerce Inc (LSPD) and iShares Expanded Tech-Software Sector ETF (IGV). 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.
| LSPD | IGV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.21 | ||
| Sortino ratioReturn per unit of downside risk | +0.38 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 0.92 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | -0.42 | -0.46 | +0.04 |
| Martin ratioReturn relative to average drawdown | -0.72 | -0.95 | +0.23 |
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Drawdowns
LSPD vs. IGV - Drawdown Comparison
The maximum LSPD drawdown since its inception was -93.68%, which is greater than IGV's maximum drawdown of -63.45%. Use the drawdown chart below to compare losses from any high point for LSPD and IGV.
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Drawdown Indicators
| LSPD | IGV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.68% | -63.45% | -30.23% |
Max Drawdown (1Y)Largest decline over 1 year | -39.48% | -36.61% | -2.87% |
Max Drawdown (3Y)Largest decline over 3 years | -62.75% | -36.61% | -26.14% |
Max Drawdown (5Y)Largest decline over 5 years | -93.68% | -45.85% | -47.83% |
Max Drawdown (10Y)Largest decline over 10 years | — | -45.85% | — |
Current DrawdownCurrent decline from peak | -92.69% | -25.86% | -66.83% |
Average DrawdownAverage peak-to-trough decline | -64.47% | -14.46% | -50.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.12% | 17.87% | +5.25% |
Volatility
LSPD vs. IGV - Volatility Comparison
Lightspeed Commerce Inc (LSPD) has a higher volatility of 13.39% compared to iShares Expanded Tech-Software Sector ETF (IGV) at 12.72%. This indicates that LSPD's price experiences larger fluctuations and is considered to be riskier than IGV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LSPD | IGV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.39% | 12.72% | +0.67% |
Volatility (6M)Calculated over the trailing 6-month period | 28.24% | 24.91% | +3.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.15% | 28.33% | +13.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 61.61% | 27.97% | +33.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 72.19% | 26.42% | +45.77% |
Dividends
LSPD vs. IGV - Dividend Comparison
LSPD has not paid dividends to shareholders, while IGV's dividend yield for the trailing twelve months is around 0.02%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGV iShares Expanded Tech-Software Sector ETF | 0.02% | 0.00% | 0.00% | 0.01% | 0.01% | 0.00% | 0.35% | 0.02% | 0.16% | 0.09% | 0.82% | 0.22% |
LSPD Lightspeed Commerce Inc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
LSPD and IGV have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LSPD has higher volatility (13.39%) compared to IGV (12.72%). In terms of maximum drawdown, LSPD dropped -93.68% vs IGV's -63.45%.
LSPD currently has the higher Sharpe Ratio (-0.39 vs -0.60), 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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