PAGS vs. LMND
PAGS (PagSeguro Digital Ltd.) and LMND (Lemonade, Inc.) are both stocks. PAGS operates in Software - Infrastructure (Technology), while LMND operates in Insurance - Property & Casualty (Financial Services). Over the past 5 years, PAGS returned -28.70%/yr vs -11.55%/yr for LMND. At a 0.42 correlation, their price movements are largely independent.
Performance
PAGS vs. LMND - Performance Comparison
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Returns By Period
In the year-to-date period, PAGS achieves a -3.85% return, which is significantly higher than LMND's -19.23% return.
PAGS
- 1D
- 0.22%
- 1M
- 3.82%
- YTD
- -3.85%
- 6M
- -9.66%
- 1Y
- 11.77%
- 3Y*
- -2.35%
- 5Y*
- -28.70%
- 10Y*
- —
LMND
- 1D
- 0.54%
- 1M
- 8.74%
- YTD
- -19.23%
- 6M
- -26.15%
- 1Y
- 36.46%
- 3Y*
- 39.69%
- 5Y*
- -11.55%
- 10Y*
- —
PAGS vs. LMND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
PAGS PagSeguro Digital Ltd. | -3.85% | 60.75% | -49.80% | 42.68% | -66.67% | -53.90% | 58.26% |
LMND Lemonade, Inc. | -19.23% | 94.06% | 127.40% | 17.91% | -67.51% | -65.62% | 144.71% |
Correlation
The correlation between PAGS and LMND is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Jul 2, 2020 | 0.42 |
The correlation between PAGS and LMND shifts across timeframes, from 0.33 (3 years) to 0.44 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
PAGS:
$2.53B
LMND:
$4.39B
PAGS:
R$7.31
LMND:
-$1.88
PAGS:
0.67
LMND:
5.18
PAGS:
0.90
LMND:
8.47
PAGS:
R$19.80B
LMND:
$821.10M
PAGS:
R$10.13B
LMND:
$390.70M
PAGS:
R$9.32B
LMND:
-$120.70M
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Return for Risk
PAGS vs. LMND — Risk / Return Rank
PAGS
LMND
PAGS vs. LMND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PagSeguro Digital Ltd. (PAGS) and Lemonade, Inc. (LMND). 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.
| PAGS | LMND | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.19 | ||
| Sortino ratioReturn per unit of downside risk | -0.61 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.15 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 0.43 | 0.77 | -0.33 |
| Martin ratioReturn relative to average drawdown | 0.90 | 1.48 | -0.58 |
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Drawdowns
PAGS vs. LMND - Drawdown Comparison
The maximum PAGS drawdown since its inception was -90.00%, roughly equal to the maximum LMND drawdown of -94.23%. Use the drawdown chart below to compare losses from any high point for PAGS and LMND.
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Drawdown Indicators
| PAGS | LMND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.00% | -94.23% | +4.23% |
Max Drawdown (1Y)Largest decline over 1 year | -27.21% | -47.70% | +20.49% |
Max Drawdown (3Y)Largest decline over 3 years | -57.60% | -56.10% | -1.50% |
Max Drawdown (5Y)Largest decline over 5 years | -89.84% | -90.63% | +0.79% |
Current DrawdownCurrent decline from peak | -84.37% | -68.63% | -15.74% |
Average DrawdownAverage peak-to-trough decline | -55.47% | -73.02% | +17.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.03% | 24.64% | -11.61% |
Volatility
PAGS vs. LMND - Volatility Comparison
The current volatility for PagSeguro Digital Ltd. (PAGS) is 11.85%, while Lemonade, Inc. (LMND) has a volatility of 15.88%. This indicates that PAGS experiences smaller price fluctuations and is considered to be less risky than LMND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PAGS | LMND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.85% | 15.88% | -4.03% |
Volatility (6M)Calculated over the trailing 6-month period | 33.74% | 53.78% | -20.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 49.06% | 84.53% | -35.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 61.40% | 82.20% | -20.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 61.08% | 86.51% | -25.43% |
Dividends
PAGS vs. LMND - Dividend Comparison
PAGS's dividend yield for the trailing twelve months is around 6.92%, while LMND has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
LMND Lemonade, Inc. | 0.00% | 0.00% |
PAGS PagSeguro Digital Ltd. | 6.92% | 3.94% |
Financials
PAGS vs. LMND - Financials Comparison
This section allows you to compare key financial metrics between PagSeguro Digital Ltd. and Lemonade, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
PAGS vs. LMND - Profitability Comparison
PAGS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, PagSeguro Digital Ltd. reported a gross profit of 2.40B and revenue of 4.69B. Therefore, the gross margin over that period was 51.2%.
LMND - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Lemonade, Inc. reported a gross profit of 101.10M and revenue of 234.40M. Therefore, the gross margin over that period was 43.1%.
PAGS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, PagSeguro Digital Ltd. reported an operating income of 1.75B and revenue of 4.69B, resulting in an operating margin of 37.3%.
LMND - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Lemonade, Inc. reported an operating income of -34.60M and revenue of 234.40M, resulting in an operating margin of -14.8%.
PAGS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, PagSeguro Digital Ltd. reported a net income of 535.32M and revenue of 4.69B, resulting in a net margin of 11.4%.
LMND - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Lemonade, Inc. reported a net income of -35.80M and revenue of 234.40M, resulting in a net margin of -15.3%.
Frequently Asked Questions
PAGS and LMND have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LMND has higher volatility (15.88%) compared to PAGS (11.85%). In terms of maximum drawdown, PAGS dropped -90.00% vs LMND's -94.23%.
LMND currently has the higher Sharpe Ratio (0.43 vs 0.24), 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.
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