PAYO vs. QTWO
PAYO (Payoneer Global Inc.) and QTWO (Q2 Holdings, Inc.) are both stocks. Both are in the Technology sector — PAYO in Software - Infrastructure, QTWO in Software - Application. Over the past 5 years, PAYO returned -5.35%/yr vs -10.04%/yr for QTWO. Their 0.50 correlation means they have sometimes moved together and sometimes differently.
Performance
PAYO vs. QTWO - Performance Comparison
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Returns By Period
In the year-to-date period, PAYO achieves a 27.58% return, which is significantly higher than QTWO's -15.65% return.
PAYO
- 1D
- 0.14%
- 1M
- 1.13%
- 6M
- 12.21%
- YTD
- 27.58%
- 1Y
- 14.17%
- 3Y*
- 9.98%
- 5Y*
- -5.35%
- 10Y*
- —
- ALL TIME*
- -8.31%
QTWO
- 1D
- 3.05%
- 1M
- 15.66%
- 6M
- -0.62%
- YTD
- -15.65%
- 1Y
- -20.46%
- 3Y*
- 19.34%
- 5Y*
- -10.04%
- 10Y*
- 7.22%
- ALL TIME*
- 11.27%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $31.43M | $26.12M | $45.98M | |
| $70.18M | $52.50M | $43.14M |
PAYO vs. QTWO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
PAYO Payoneer Global Inc. | 27.58% | -44.02% | 92.71% | -4.75% | -25.58% | -34.08% |
QTWO Q2 Holdings, Inc. | -15.65% | -28.31% | 131.86% | 61.56% | -66.18% | -24.88% |
Correlation
The correlation between PAYO and QTWO is 0.40, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.40 |
Correlation (3Y) Balances recent behavior with more history. | 0.44 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.51 |
Correlation (All Time) Calculated using the full available price history since Jun 28, 2021 | 0.50 |
The correlation between PAYO and QTWO shifts across timeframes, from 0.40 (1 year) to 0.51 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
PAYO:
$2.42B
QTWO:
$3.80B
PAYO:
$0.20
QTWO:
$1.35
PAYO:
36.11
QTWO:
45.09
PAYO:
2.44
QTWO:
4.90
PAYO:
3.81
QTWO:
6.31
PAYO:
$1.07B
QTWO:
$846.20M
PAYO:
$660.73M
QTWO:
$482.24M
PAYO:
$204.88M
QTWO:
$104.70M
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Return for Risk
PAYO vs. QTWO — Risk / Return Rank
PAYO
QTWO
PAYO vs. QTWO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Payoneer Global Inc. (PAYO) and Q2 Holdings, Inc. (QTWO). 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.
| PAYO | QTWO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.73 | ||
| Sortino ratioReturn per unit of downside risk | +1.24 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 0.93 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 0.22 | -0.50 | +0.72 |
| Martin ratioReturn relative to average drawdown | 0.39 | -0.80 | +1.19 |
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Drawdowns
PAYO vs. QTWO - Drawdown Comparison
The maximum PAYO drawdown since its inception was -69.06%, smaller than the maximum QTWO drawdown of -85.77%. Use the drawdown chart below to compare losses from any high point for PAYO and QTWO.
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Drawdown Indicators
| PAYO | QTWO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.06% | -85.77% | +16.71% |
Max Drawdown (1Y)Largest decline over 1 year | -42.45% | -50.04% | +7.59% |
Max Drawdown (3Y)Largest decline over 3 years | -61.36% | -62.03% | +0.67% |
Max Drawdown (5Y)Largest decline over 5 years | -67.91% | -78.88% | +10.97% |
Max Drawdown (10Y)Largest decline over 10 years | — | -85.77% | — |
Current DrawdownCurrent decline from peak | -35.70% | -58.51% | +22.81% |
Average DrawdownAverage peak-to-trough decline | -42.89% | -30.61% | -12.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.76% | 31.23% | -7.47% |
Volatility
PAYO vs. QTWO - Volatility Comparison
The current volatility for Payoneer Global Inc. (PAYO) is 1.26%, while Q2 Holdings, Inc. (QTWO) has a volatility of 12.92%. This indicates that PAYO experiences smaller price fluctuations and is considered to be less risky than QTWO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PAYO | QTWO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.26% | 12.92% | -11.66% |
Volatility (6M)Calculated over the trailing 6-month period | 41.82% | 35.60% | +6.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 51.21% | 46.68% | +4.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 56.13% | 50.62% | +5.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 55.95% | 44.52% | +11.43% |
Dividends
PAYO vs. QTWO - Dividend Comparison
Neither PAYO nor QTWO has paid dividends to shareholders.
Financials
PAYO vs. QTWO - Financials Comparison
This section allows you to compare key financial metrics between Payoneer Global Inc. and Q2 Holdings, 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
PAYO vs. QTWO - Profitability Comparison
PAYO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Payoneer Global Inc. reported a gross profit of 0.00 and revenue of 261.60M. Therefore, the gross margin over that period was 0.0%.
QTWO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Q2 Holdings, Inc. reported a gross profit of 130.20M and revenue of 219.77M. Therefore, the gross margin over that period was 59.3%.
PAYO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Payoneer Global Inc. reported an operating income of 30.02M and revenue of 261.60M, resulting in an operating margin of 11.5%.
QTWO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Q2 Holdings, Inc. reported an operating income of 29.34M and revenue of 219.77M, resulting in an operating margin of 13.4%.
PAYO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Payoneer Global Inc. reported a net income of 19.57M and revenue of 261.60M, resulting in a net margin of 7.5%.
QTWO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Q2 Holdings, Inc. reported a net income of 29.86M and revenue of 219.77M, resulting in a net margin of 13.6%.
Frequently Asked Questions
PAYO and QTWO have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QTWO has higher volatility (12.92%) compared to PAYO (1.26%). In terms of maximum drawdown, PAYO dropped -69.06% vs QTWO's -85.77%.
PAYO currently has the higher Sharpe Ratio (0.18 vs -0.55), 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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