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PGY vs. UPST
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility
Financials

PGY vs. UPST

Last updated May 5, 2025

Compare and contrast key facts about Pagaya Technologies Ltd. (PGY) and Upstart Holdings, Inc. (UPST).

Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PGY or UPST.

Correlation

The correlation between PGY and UPST is 0.41, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

-0.50.00.51.0
Correlation: 0.4

Performance

PGY vs. UPST - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pagaya Technologies Ltd. (PGY) and Upstart Holdings, Inc. (UPST). The values are adjusted to include any dividend payments, if applicable.
-100.00%-50.00%0.00%50.00%100.00%December2025FebruaryMarchAprilMay
-83.77%
29.27%
PGY
UPST

Key characteristics

Sharpe Ratio

PGY:

0.23

UPST:

1.20

Sortino Ratio

PGY:

1.00

UPST:

2.37

Omega Ratio

PGY:

1.13

UPST:

1.28

Calmar Ratio

PGY:

0.22

UPST:

1.34

Martin Ratio

PGY:

0.74

UPST:

5.22

Ulcer Index

PGY:

29.33%

UPST:

24.21%

Daily Std Dev

PGY:

96.41%

UPST:

105.41%

Max Drawdown

PGY:

-98.09%

UPST:

-96.90%

Current Drawdown

PGY:

-96.71%

UPST:

-87.16%

Fundamentals

Market Cap

PGY:

$891.53M

UPST:

$4.53B

EPS

PGY:

-$5.66

UPST:

-$1.44

PS Ratio

PGY:

0.86

UPST:

6.70

PB Ratio

PGY:

2.73

UPST:

7.16

Total Revenue (TTM)

PGY:

$767.55M

UPST:

$501.04M

Gross Profit (TTM)

PGY:

$314.78M

UPST:

$501.04M

EBITDA (TTM)

PGY:

$62.16M

UPST:

-$60.75M

Returns By Period

In the year-to-date period, PGY achieves a 27.45% return, which is significantly higher than UPST's -18.66% return.

PGY

YTD

27.45%

1M

23.33%

6M

1.37%

1Y

13.74%

5Y*

N/A

10Y*

N/A

UPST

YTD

-18.66%

1M

43.91%

6M

3.30%

1Y

107.37%

5Y*

N/A

10Y*

N/A

*Annualized

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Risk-Adjusted Performance

PGY vs. UPST — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
PGY
The Risk-Adjusted Performance Rank of PGY is 6262
Overall Rank
The Sharpe Ratio Rank of PGY is 5959
Sharpe Ratio Rank
The Sortino Ratio Rank of PGY is 6464
Sortino Ratio Rank
The Omega Ratio Rank of PGY is 6464
Omega Ratio Rank
The Calmar Ratio Rank of PGY is 6262
Calmar Ratio Rank
The Martin Ratio Rank of PGY is 6060
Martin Ratio Rank
UPST
The Risk-Adjusted Performance Rank of UPST is 8787
Overall Rank
The Sharpe Ratio Rank of UPST is 8686
Sharpe Ratio Rank
The Sortino Ratio Rank of UPST is 8989
Sortino Ratio Rank
The Omega Ratio Rank of UPST is 8585
Omega Ratio Rank
The Calmar Ratio Rank of UPST is 8787
Calmar Ratio Rank
The Martin Ratio Rank of UPST is 8787
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

PGY vs. UPST - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Pagaya Technologies Ltd. (PGY) and Upstart Holdings, Inc. (UPST). 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.

The chart of Sharpe ratio for PGY, currently valued at 0.23, compared to the broader market-2.00-1.000.001.002.003.00
PGY: 0.23
UPST: 1.20
The chart of Sortino ratio for PGY, currently valued at 1.00, compared to the broader market-6.00-4.00-2.000.002.004.00
PGY: 1.00
UPST: 2.37
The chart of Omega ratio for PGY, currently valued at 1.13, compared to the broader market0.501.001.502.00
PGY: 1.13
UPST: 1.28
The chart of Calmar ratio for PGY, currently valued at 0.22, compared to the broader market0.001.002.003.004.005.00
PGY: 0.22
UPST: 1.80
The chart of Martin ratio for PGY, currently valued at 0.74, compared to the broader market-10.000.0010.0020.00
PGY: 0.74
UPST: 5.22

The current PGY Sharpe Ratio is 0.23, which is lower than the UPST Sharpe Ratio of 1.20. The chart below compares the historical Sharpe Ratios of PGY and UPST, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio-1.000.001.002.003.00December2025FebruaryMarchAprilMay
0.23
1.20
PGY
UPST

Dividends

PGY vs. UPST - Dividend Comparison

Neither PGY nor UPST has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

PGY vs. UPST - Drawdown Comparison

The maximum PGY drawdown since its inception was -98.09%, roughly equal to the maximum UPST drawdown of -96.90%. Use the drawdown chart below to compare losses from any high point for PGY and UPST. For additional features, visit the drawdowns tool.

-100.00%-80.00%-60.00%-40.00%-20.00%0.00%December2025FebruaryMarchAprilMay
-96.71%
-43.58%
PGY
UPST

Volatility

PGY vs. UPST - Volatility Comparison

The current volatility for Pagaya Technologies Ltd. (PGY) is 28.61%, while Upstart Holdings, Inc. (UPST) has a volatility of 36.71%. This indicates that PGY experiences smaller price fluctuations and is considered to be less risky than UPST based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

20.00%30.00%40.00%50.00%60.00%December2025FebruaryMarchAprilMay
28.61%
36.71%
PGY
UPST

Financials

PGY vs. UPST - Financials Comparison

This section allows you to compare key financial metrics between Pagaya Technologies Ltd. and Upstart 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.

Quarterly
Annual

Total Revenue: Total amount of money received from sales and other business activities

0.0050.00M100.00M150.00M200.00M250.00M300.00M350.00MAprilJulyOctober2021AprilJulyOctober2022AprilJulyOctober2023AprilJulyOctober2024AprilJulyOctober
275.67M
211.27M
(PGY) Total Revenue
(UPST) Total Revenue
Values in USD except per share items

PGY vs. UPST - Profitability Comparison

The chart below illustrates the profitability comparison between Pagaya Technologies Ltd. and Upstart Holdings, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.
Gross Margin
Operating Margin
Net Margin
Quarterly
Annual
20.0%40.0%60.0%80.0%100.0%AprilJulyOctober2021AprilJulyOctober2022AprilJulyOctober2023AprilJulyOctober2024AprilJulyOctober
42.6%
100.0%
(PGY) Gross Margin
(UPST) Gross Margin
PGY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, Pagaya Technologies Ltd. reported a gross profit of 117.47M and revenue of 275.67M. Therefore, the gross margin over that period was 42.6%.
UPST - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, Upstart Holdings, Inc. reported a gross profit of 211.27M and revenue of 211.27M. Therefore, the gross margin over that period was 100.0%.
PGY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, Pagaya Technologies Ltd. reported an operating income of 31.74M and revenue of 275.67M, resulting in an operating margin of 11.5%.
UPST - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, Upstart Holdings, Inc. reported an operating income of -4.75M and revenue of 211.27M, resulting in an operating margin of -2.3%.
PGY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, Pagaya Technologies Ltd. reported a net income of -237.92M and revenue of 275.67M, resulting in a net margin of -86.3%.
UPST - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, Upstart Holdings, Inc. reported a net income of -2.76M and revenue of 211.27M, resulting in a net margin of -1.3%.