MQ vs. AVDX

Last updated Jun 9, 2026

MQ (Marqeta, Inc.) and AVDX (AvidXchange Holdings, Inc.) are both stocks. Both operate in the Software - Infrastructure industry within the Technology sector. A 0.51 correlation means they provide meaningful diversification when combined.

Performance

MQ vs. AVDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Marqeta, Inc. (MQ) and AvidXchange Holdings, Inc. (AVDX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

MQ

• 1D: -1.55%
• 1M: -8.39%
• YTD: -19.58%
• 6M: -18.72%
• 1Y: -30.16%
• 3Y*: -6.87%
• 5Y*: —
• 10Y*: —

AVDX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MQ vs. AVDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
MQ Marqeta, Inc.	-19.58%	25.33%	-45.70%	14.24%	-64.41%	-23.55%
AVDX AvidXchange Holdings, Inc.	0.00%	-3.29%	-16.55%	24.65%	-34.00%	-39.62%

Correlation

The correlation between MQ and AVDX is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.16
Correlation (3Y) Calculated over the trailing 3-year period	0.39
Correlation (All Time) Calculated using the full available price history since Oct 14, 2021	0.51

Over the past year, the correlation between MQ and AVDX has dropped to 0.16 - well below their long-term average of 0.51, suggesting their price drivers have been diverging.

Fundamentals

Market Cap MQ : $1.66B AVDX : $2.07B
EPS MQ : $0.00 AVDX : -$0.04
PS Ratio MQ : 2.65 AVDX : 4.63
PB Ratio MQ : 2.23 AVDX : 3.01
Total Revenue (TTM) MQ : $651.61M AVDX : $446.72M
Gross Profit (TTM) MQ : $456.19M AVDX : $323.96M
EBITDA (TTM) MQ : $24.62M AVDX : $36.84M

Return for Risk

MQ vs. AVDX — Risk / Return Rank

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

MQ

MQ Risk / Return Rank: 15
MQ Sharpe Ratio Rank: 12
MQ Sortino Ratio Rank: 12
MQ Omega Ratio Rank: 14
MQ Calmar Ratio Rank: 17
MQ Martin Ratio Rank: 22

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.

MQ vs. AVDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Marqeta, Inc. (MQ) and AvidXchange Holdings, Inc. (AVDX). 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.

	MQ	AVDX	Difference
Sharpe ratio: Return per unit of total volatility	-0.72	—	—
Sortino ratio: Return per unit of downside risk	-0.98	—	—
Omega ratio: Gain probability vs. loss probability	0.89	—	—
Calmar ratio: Return relative to maximum drawdown	-0.68	—	—
Martin ratio: Return relative to average drawdown	-1.00	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	MQ	AVDX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.72	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.53	—	—

Drawdowns

Drawdown Indicators

	MQ	AVDX	Difference
Max Drawdown Largest peak-to-trough decline	-89.71%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-44.22%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-53.34%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-89.71%	—	—
Current Drawdown Current decline from peak	-88.51%	—	—
Average Drawdown Average peak-to-trough decline	-75.17%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	30.18%	—	—

Volatility

Volatility by Period

	MQ	AVDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.84%	—	—
Volatility (6M) Calculated over the trailing 6-month period	29.01%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	42.33%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	64.84%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	64.84%	—	—

Dividends

MQ vs. AVDX - Dividend Comparison

Neither MQ nor AVDX has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

MQ vs. AVDX - Profitability Comparison

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

MQ - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Marqeta, Inc. reported a gross profit of 117.59M and revenue of 165.80M. Therefore, the gross margin over that period was 70.9%.

AVDX - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, AvidXchange Holdings, Inc. reported a gross profit of 79.62M and revenue of 110.57M. Therefore, the gross margin over that period was 72.0%.

MQ - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Marqeta, Inc. reported an operating income of 2.09M and revenue of 165.80M, resulting in an operating margin of 1.3%.

AVDX - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, AvidXchange Holdings, Inc. reported an operating income of -12.41M and revenue of 110.57M, resulting in an operating margin of -11.2%.

MQ - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Marqeta, Inc. reported a net income of 7.83M and revenue of 165.80M, resulting in a net margin of 4.7%.

AVDX - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, AvidXchange Holdings, Inc. reported a net income of -9.46M and revenue of 110.57M, resulting in a net margin of -8.6%.

Frequently Asked Questions

Can I hold both MQ and AVDX in my portfolio?

MQ and AVDX have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.