OPFI vs. DAVE

Last updated Jun 3, 2026

OPFI (OppFi Inc.) and DAVE (Dave Inc.) are both stocks. Both operate in the Software - Application industry within the Technology sector. Over the past 5 years, OPFI returned -2.49%/yr vs -3.04%/yr for DAVE. At a 0.24 correlation, their price movements are largely independent.

Performance

OPFI vs. DAVE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in OppFi Inc. (OPFI) and Dave Inc. (DAVE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, OPFI achieves a -20.08% return, which is significantly lower than DAVE's 20.51% return.

OPFI

• 1D: -0.24%
• 1M: -12.09%
• YTD: -20.08%
• 6M: -13.37%
• 1Y: -36.67%
• 3Y*: 62.65%
• 5Y*: -2.49%
• 10Y*: —

DAVE

• 1D: -5.57%
• 1M: -2.13%
• YTD: 20.51%
• 6M: 31.67%
• 1Y: 27.62%
• 3Y*: 258.42%
• 5Y*: -3.04%
• 10Y*: —

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

OPFI vs. DAVE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
OPFI OppFi Inc.	-20.08%	40.87%	56.02%	149.76%	-54.85%	-55.49%
DAVE Dave Inc.	20.51%	154.73%	936.61%	-9.64%	-97.17%	4.59%

Correlation

The correlation between OPFI and DAVE is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.39
Correlation (3Y) Calculated over the trailing 3-year period	0.27
Correlation (5Y) Calculated over the trailing 5-year period	0.24
Correlation (All Time) Calculated using the full available price history since Apr 27, 2021	0.24

The correlation between OPFI and DAVE shifts across timeframes, from 0.24 (all time) to 0.39 (1 year), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap OPFI : $720.59M DAVE : $3.84B
EPS OPFI : $1.59 DAVE : $15.54
PE Ratio OPFI : 5.25 DAVE : 17.17
PEG Ratio OPFI : 4.83 DAVE : 0.08
PS Ratio OPFI : 0.64 DAVE : 7.01
PB Ratio OPFI : 9.52 DAVE : 18.85
Total Revenue (TTM) OPFI : $544.08M DAVE : $551.52M
Gross Profit (TTM) OPFI : $523.64M DAVE : $427.68M
EBITDA (TTM) OPFI : $148.42M DAVE : $165.95M

Return for Risk

OPFI vs. DAVE — Risk / Return Rank

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

OPFI

OPFI Risk / Return Rank: 12
OPFI Sharpe Ratio Rank: 8
OPFI Sortino Ratio Rank: 10
OPFI Omega Ratio Rank: 11
OPFI Calmar Ratio Rank: 14
OPFI Martin Ratio Rank: 18

DAVE

DAVE Risk / Return Rank: 54
DAVE Sharpe Ratio Rank: 53
DAVE Sortino Ratio Rank: 53
DAVE Omega Ratio Rank: 52
DAVE Calmar Ratio Rank: 56
DAVE Martin Ratio Rank: 54

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.

OPFI vs. DAVE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for OppFi Inc. (OPFI) and Dave Inc. (DAVE). 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.

	OPFI	DAVE	Difference
Sharpe ratio Return per unit of total volatility	-0.81	0.38	-1.19
Sortino ratio Return per unit of downside risk	-1.07	1.01	-2.07
Omega ratio Gain probability vs. loss probability	0.88	1.12	-0.25
Calmar ratio Return relative to maximum drawdown	-0.70	0.74	-1.44
Martin ratio Return relative to average drawdown	-1.06	1.32	-2.38
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

OPFI vs. DAVE - Sharpe Ratio Comparison

The current OPFI Sharpe Ratio is -0.81, which is lower than the DAVE Sharpe Ratio of 0.38. The chart below compares the historical Sharpe Ratios of OPFI and DAVE, 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

	OPFI	DAVE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.81	0.38	-1.19
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.04	-0.03	-0.01
Sharpe Ratio (All Time) Calculated using the full available price history	-0.03	-0.03	+0.01

Drawdowns

OPFI vs. DAVE - Drawdown Comparison

The maximum OPFI drawdown since its inception was -84.60%, smaller than the maximum DAVE drawdown of -99.01%. Use the drawdown chart below to compare losses from any high point for OPFI and DAVE.

Drawdown Indicators

	OPFI	DAVE	Difference
Max Drawdown Largest peak-to-trough decline	-84.60%	-99.01%	+14.41%
Max Drawdown (1Y) Largest decline over 1 year	-48.53%	-44.67%	-3.86%
Max Drawdown (3Y) Largest decline over 3 years	-54.20%	-44.67%	-9.53%
Max Drawdown (5Y) Largest decline over 5 years	-84.46%	-99.01%	+14.55%
Current Drawdown Current decline from peak	-49.09%	-41.69%	-7.40%
Average Drawdown Average peak-to-trough decline	-51.38%	-69.14%	+17.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	32.02%	24.91%	+7.11%

Volatility

OPFI vs. DAVE - Volatility Comparison

The current volatility for OppFi Inc. (OPFI) is 10.09%, while Dave Inc. (DAVE) has a volatility of 18.28%. This indicates that OPFI experiences smaller price fluctuations and is considered to be less risky than DAVE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OPFI	DAVE	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.09%	18.28%	-8.19%
Volatility (6M) Calculated over the trailing 6-month period	25.06%	48.47%	-23.41%
Volatility (1Y) Calculated over the trailing 1-year period	45.70%	73.51%	-27.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	67.29%	98.35%	-31.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	64.21%	97.36%	-33.15%

Dividends

OPFI vs. DAVE - Dividend Comparison

Neither OPFI nor DAVE has paid dividends to shareholders.

Position	TTM	2025	2024
DAVE Dave Inc.	0.00%	0.00%	0.00%
OPFI OppFi Inc.	0.00%	2.39%	1.57%

Financials

OPFI vs. DAVE - Profitability Comparison

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

OPFI - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, OppFi Inc. reported a gross profit of 72.17M and revenue of 87.30M. Therefore, the gross margin over that period was 82.7%.

DAVE - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Dave Inc. reported a gross profit of 120.00M and revenue of 147.59M. Therefore, the gross margin over that period was 81.3%.

OPFI - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, OppFi Inc. reported an operating income of 35.36M and revenue of 87.30M, resulting in an operating margin of 40.5%.

DAVE - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Dave Inc. reported an operating income of 21.15M and revenue of 147.59M, resulting in an operating margin of 14.3%.

OPFI - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, OppFi Inc. reported a net income of 28.40M and revenue of 87.30M, resulting in a net margin of 32.5%.

DAVE - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Dave Inc. reported a net income of 57.94M and revenue of 147.59M, resulting in a net margin of 39.3%.

Frequently Asked Questions

Can I hold both OPFI and DAVE in my portfolio?

OPFI and DAVE have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, OPFI or DAVE?

DAVE has higher volatility (18.28%) compared to OPFI (10.09%). In terms of maximum drawdown, OPFI dropped -84.60% vs DAVE's -99.01%.

Which has better risk-adjusted returns?

DAVE currently has the higher Sharpe Ratio (0.38 vs -0.81), 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.