LSPD vs. PAY

Last updated Jun 9, 2026

LSPD (Lightspeed Commerce Inc) and PAY (Paymentus Holdings, Inc.) are both stocks. Both are in the Technology sector — LSPD in Software - Application, PAY in Information Technology Services. Over the past 5 years, LSPD returned -33.02%/yr vs -6.18%/yr for PAY. At a 0.45 correlation, their price movements are largely independent.

Performance

LSPD vs. PAY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Lightspeed Commerce Inc (LSPD) and Paymentus Holdings, Inc. (PAY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LSPD achieves a -21.03% return, which is significantly higher than PAY's -35.01% return.

LSPD

• 1D: 3.25%
• 1M: -3.25%
• YTD: -21.03%
• 6M: -17.33%
• 1Y: -17.04%
• 3Y*: -14.08%
• 5Y*: -33.02%
• 10Y*: —

PAY

• 1D: -1.77%
• 1M: -22.94%
• YTD: -35.01%
• 6M: -41.44%
• 1Y: -43.69%
• 3Y*: 27.05%
• 5Y*: -6.18%
• 10Y*: —

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

LSPD vs. PAY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
LSPD Lightspeed Commerce Inc	-21.03%	-20.68%	-27.44%	46.78%	-64.63%	-44.76%
PAY Paymentus Holdings, Inc.	-35.01%	-3.31%	82.82%	123.10%	-77.10%	22.26%

Correlation

The correlation between LSPD and PAY is 0.51, 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	0.51
Correlation (3Y) Calculated over the trailing 3-year period	0.39
Correlation (5Y) Calculated over the trailing 5-year period	0.45
Correlation (All Time) Calculated using the full available price history since May 27, 2021	0.45

The correlation between LSPD and PAY shifts across timeframes, from 0.39 (3 years) to 0.51 (1 year), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap LSPD : $1.33B PAY : $2.65B
EPS LSPD : -$1.04 PAY : $0.57
PS Ratio LSPD : 1.08 PAY : 2.07
PB Ratio LSPD : 0.89 PAY : 4.55
Total Revenue (TTM) LSPD : $1.23B PAY : $1.28B
Gross Profit (TTM) LSPD : $451.95M PAY : $316.55M
EBITDA (TTM) LSPD : -$1.76M PAY : $121.90M

Return for Risk

LSPD vs. PAY — Risk / Return Rank

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

LSPD

LSPD Risk / Return Rank: 26
LSPD Sharpe Ratio Rank: 25
LSPD Sortino Ratio Rank: 24
LSPD Omega Ratio Rank: 25
LSPD Calmar Ratio Rank: 28
LSPD Martin Ratio Rank: 28

PAY

PAY Risk / Return Rank: 6
PAY Sharpe Ratio Rank: 8
PAY Sortino Ratio Rank: 8
PAY Omega Ratio Rank: 9
PAY Calmar Ratio Rank: 5
PAY Martin Ratio Rank: 2

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.

LSPD vs. PAY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lightspeed Commerce Inc (LSPD) and Paymentus Holdings, Inc. (PAY). 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.

	LSPD	PAY	Difference
Sharpe ratio: Return per unit of total volatility	-0.40	-0.85	+0.45
Sortino ratio: Return per unit of downside risk	-0.32	-1.29	+0.97
Omega ratio: Gain probability vs. loss probability	0.96	0.84	+0.12
Calmar ratio: Return relative to maximum drawdown	-0.43	-0.93	+0.49
Martin ratio: Return relative to average drawdown	-0.76	-1.75	+0.99
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LSPD vs. PAY - Sharpe Ratio Comparison

The current LSPD Sharpe Ratio is -0.40, which is higher than the PAY Sharpe Ratio of -0.85. The chart below compares the historical Sharpe Ratios of LSPD and PAY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	LSPD	PAY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.40	-0.85	+0.45
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.54	-0.10	-0.44
Sharpe Ratio (All Time) Calculated using the full available price history	-0.23	-0.10	-0.13

Drawdowns

LSPD vs. PAY - Drawdown Comparison

The maximum LSPD drawdown since its inception was -93.68%, which is greater than PAY's maximum drawdown of -80.78%. Use the drawdown chart below to compare losses from any high point for LSPD and PAY.

Drawdown Indicators

	LSPD	PAY	Difference
Max Drawdown Largest peak-to-trough decline	-93.68%	-80.78%	-12.90%
Max Drawdown (1Y) Largest decline over 1 year	-39.48%	-47.26%	+7.78%
Max Drawdown (3Y) Largest decline over 3 years	-62.75%	-48.47%	-14.28%
Max Drawdown (5Y) Largest decline over 5 years	-93.68%	-80.78%	-12.90%
Current Drawdown Current decline from peak	-92.33%	-48.47%	-43.86%
Average Drawdown Average peak-to-trough decline	-64.36%	-41.67%	-22.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	22.41%	25.08%	-2.67%

Volatility

LSPD vs. PAY - Volatility Comparison

Lightspeed Commerce Inc (LSPD) has a higher volatility of 14.90% compared to Paymentus Holdings, Inc. (PAY) at 13.40%. This indicates that LSPD's price experiences larger fluctuations and is considered to be riskier than PAY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LSPD	PAY	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.90%	13.40%	+1.50%
Volatility (6M) Calculated over the trailing 6-month period	29.27%	32.87%	-3.60%
Volatility (1Y) Calculated over the trailing 1-year period	42.85%	51.44%	-8.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	61.75%	62.36%	-0.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	72.37%	62.58%	+9.79%

Dividends

LSPD vs. PAY - Dividend Comparison

Neither LSPD nor PAY has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

LSPD vs. PAY - Profitability Comparison

The chart below illustrates the profitability comparison between Lightspeed Commerce Inc and Paymentus Holdings, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

LSPD - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Lightspeed Commerce Inc reported a gross profit of 90.13M and revenue of 286.77M. Therefore, the gross margin over that period was 31.4%.

PAY - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Paymentus Holdings, Inc. reported a gross profit of 86.23M and revenue of 358.44M. Therefore, the gross margin over that period was 24.1%.

LSPD - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Lightspeed Commerce Inc reported an operating income of -33.49M and revenue of 286.77M, resulting in an operating margin of -11.7%.

PAY - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Paymentus Holdings, Inc. reported an operating income of 26.55M and revenue of 358.44M, resulting in an operating margin of 7.4%.

LSPD - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Lightspeed Commerce Inc reported a net income of -28.17M and revenue of 286.77M, resulting in a net margin of -9.8%.

PAY - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Paymentus Holdings, Inc. reported a net income of 20.88M and revenue of 358.44M, resulting in a net margin of 5.8%.

Frequently Asked Questions

Can I hold both LSPD and PAY in my portfolio?

LSPD and PAY have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LSPD or PAY?

LSPD has higher volatility (14.90%) compared to PAY (13.40%). In terms of maximum drawdown, LSPD dropped -93.68% vs PAY's -80.78%.

Which has better risk-adjusted returns?

LSPD currently has the higher Sharpe Ratio (-0.40 vs -0.85), 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.