ML vs. PAY

Last updated Jun 9, 2026

ML (MoneyLion Inc.) and PAY (Paymentus Holdings, Inc.) are both stocks. Both are in the Technology sector — ML in Software - Application, PAY in Information Technology Services. At a 0.27 correlation, their price movements are largely independent.

Performance

ML vs. PAY - Performance Comparison

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

Returns By Period

ML

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 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)

ML vs. PAY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
ML MoneyLion Inc.	0.00%	-0.13%	37.20%	237.04%	-84.62%	-59.29%
PAY Paymentus Holdings, Inc.	-35.01%	-3.31%	82.82%	123.10%	-77.10%	22.26%

Correlation

The correlation between ML and PAY is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.18
Correlation (5Y) Calculated over the trailing 5-year period	0.27
Correlation (All Time) Calculated using the full available price history since May 27, 2021	0.27

Fundamentals

Total Revenue (TTM) ML : $545.91M PAY : $1.28B
Gross Profit (TTM) ML : $409.26M PAY : $316.55M
EBITDA (TTM) ML : $56.96M PAY : $121.90M

Return for Risk

ML vs. PAY — Risk / Return Rank

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

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.

ML vs. PAY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MoneyLion Inc. (ML) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	ML	PAY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.85	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.10	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	-0.10	—

Drawdowns

Drawdown Indicators

	ML	PAY	Difference
Max Drawdown Largest peak-to-trough decline	—	-80.78%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-47.26%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-48.47%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-80.78%	—
Current Drawdown Current decline from peak	—	-48.47%	—
Average Drawdown Average peak-to-trough decline	—	-41.67%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	25.08%	—

Volatility

Volatility by Period

	ML	PAY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	13.40%	—
Volatility (6M) Calculated over the trailing 6-month period	—	32.87%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	51.44%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	62.36%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	62.58%	—

Dividends

ML vs. PAY - Dividend Comparison

Neither ML nor PAY has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both ML and PAY in my portfolio?

ML and PAY have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.