MQ vs. CAKE

Last updated Aug 4, 2026

MQ (Marqeta, Inc.) and CAKE (The Cheesecake Factory Incorporated) are both stocks. MQ operates in Software - Infrastructure (Technology), while CAKE operates in Restaurants (Consumer Cyclical). Over the past 5 years, MQ returned -30.66%/yr vs 22.28%/yr for CAKE. Their 0.31 correlation means their historical movements had little consistent relationship.

Performance

MQ vs. CAKE - Performance Comparison

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

Returns By Period

In the year-to-date period, MQ achieves a -6.05% return, which is significantly lower than CAKE's 109.81% return.

MQ

• 1D: 2.82%
• 1M: 2.53%
• 6M: 7.27%
• YTD: -6.05%
• 1Y: -19.30%
• 3Y*: -4.04%
• 5Y*: -30.66%
• 10Y*: —
• ALL TIME*: -31.99%

CAKE

• 1D: 3.42%
• 1M: 32.47%
• 6M: 80.73%
• YTD: 109.81%
• 1Y: 71.51%
• 3Y*: 45.92%
• 5Y*: 22.28%
• 10Y*: 9.83%
• ALL TIME*: 11.51%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CAKE The Cheesecake Factory Incorporated	$202.03M	$156.43M	$109.75M
MQ Marqeta, Inc.	$16.44M	$17.82M	$19.00M

MQ vs. CAKE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
MQ Marqeta, Inc.	-6.05%	25.33%	-45.70%	14.24%	-64.41%	-47.17%
CAKE The Cheesecake Factory Incorporated	109.81%	8.61%	39.33%	14.01%	-17.02%	-37.33%

Correlation

The correlation between MQ and CAKE is 0.16, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.16
Correlation (3Y) Balances recent behavior with more history.	0.22
Correlation (5Y) Shows whether the relationship held over a longer period.	0.32
Correlation (All Time) Calculated using the full available price history since Jun 9, 2021	0.31

The correlation between MQ and CAKE shifts across timeframes, from 0.16 (1 year) to 0.32 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap MQ : $1.75B CAKE : $5.21B
EPS MQ : $0.00 CAKE : $2.66
PE Ratio MQ : 3.69K CAKE : 39.40
PS Ratio MQ : 12.28 CAKE : 1.75
Total Revenue (TTM) MQ : $651.61M CAKE : $2.90B
Gross Profit (TTM) MQ : $456.19M CAKE : $2.27B
EBITDA (TTM) MQ : $24.62M CAKE : $231.47M

Return for Risk

MQ vs. CAKE — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

MQ

MQ Risk / Return Rank: 26
MQ Sharpe Ratio Rank: 24
MQ Sortino Ratio Rank: 22
MQ Omega Ratio Rank: 23
MQ Calmar Ratio Rank: 28
MQ Martin Ratio Rank: 32

CAKE

CAKE Risk / Return Rank: 86
CAKE Sharpe Ratio Rank: 91
CAKE Sortino Ratio Rank: 89
CAKE Omega Ratio Rank: 87
CAKE Calmar Ratio Rank: 80
CAKE Martin Ratio Rank: 80

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

MQ vs. CAKE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Marqeta, Inc. (MQ) and The Cheesecake Factory Incorporated (CAKE). 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.

	MQ	CAKE	Difference
Sharpe ratio: Return per unit of total volatility	-0.43	1.97	-2.40
Sortino ratio: Return per unit of downside risk	-0.40	2.72	-3.13
Omega ratio: Gain probability vs. loss probability	0.96	1.33	-0.38
Calmar ratio: Return relative to maximum drawdown	-0.43	2.18	-2.61
Martin ratio: Return relative to average drawdown	-0.57	5.30	-5.87

MQ vs. CAKE - Sharpe Ratio Comparison

The current MQ Sharpe Ratio is -0.43, which is lower than the CAKE Sharpe Ratio of 1.97. The chart below compares the historical Sharpe Ratios of MQ and CAKE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

MQ vs. CAKE - Drawdown Comparison

The maximum MQ drawdown since its inception was -89.71%, roughly equal to the maximum CAKE drawdown of -86.17%. Use the drawdown chart below to compare losses from any high point for MQ and CAKE.

Drawdown Indicators

	MQ	CAKE	Difference
Max Drawdown Largest peak-to-trough decline	-89.71%	-86.17%	-3.54%
Max Drawdown (1Y) Largest decline over 1 year	-44.95%	-33.02%	-11.93%
Max Drawdown (3Y) Largest decline over 3 years	-53.34%	-36.39%	-16.95%
Max Drawdown (5Y) Largest decline over 5 years	-89.71%	-46.54%	-43.17%
Max Drawdown (10Y) Largest decline over 10 years	—	-75.50%	—
Current Drawdown Current decline from peak	-86.58%	0.00%	-86.58%
Average Drawdown Average peak-to-trough decline	-75.58%	-22.73%	-52.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	33.88%	13.54%	+20.34%

Volatility

MQ vs. CAKE - Volatility Comparison

The current volatility for Marqeta, Inc. (MQ) is 14.47%, while The Cheesecake Factory Incorporated (CAKE) has a volatility of 15.48%. This indicates that MQ experiences smaller price fluctuations and is considered to be less risky than CAKE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MQ	CAKE	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.47%	15.48%	-1.01%
Volatility (6M) Calculated over the trailing 6-month period	32.13%	28.72%	+3.41%
Volatility (1Y) Calculated over the trailing 1-year period	45.09%	36.51%	+8.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	64.90%	39.79%	+25.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	64.42%	44.75%	+19.67%

Dividends

MQ vs. CAKE - Dividend Comparison

MQ has not paid dividends to shareholders, while CAKE's dividend yield for the trailing twelve months is around 1.09%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CAKE The Cheesecake Factory Incorporated	1.09%	2.14%	2.28%	3.08%	2.55%	0.00%	0.97%	3.55%	2.85%	2.20%	1.47%	1.58%
MQ Marqeta, 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%

Financials

Frequently Asked Questions

Can I hold both MQ and CAKE in my portfolio?

MQ and CAKE 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.

Which is riskier, MQ or CAKE?

CAKE has higher volatility (15.48%) compared to MQ (14.47%). In terms of maximum drawdown, MQ dropped -89.71% vs CAKE's -86.17%.

Which has better risk-adjusted returns?

CAKE currently has the higher Sharpe Ratio (1.97 vs -0.43), 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.