REAL vs. TDUP

Last updated Apr 1, 2026

Compare and contrast key facts about The RealReal, Inc. (REAL) and ThredUp Inc. (TDUP).

Performance

REAL vs. TDUP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in The RealReal, Inc. (REAL) and ThredUp Inc. (TDUP). The values are adjusted to include any dividend payments, if applicable.

REAL vs. TDUP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
REAL The RealReal, Inc.	-42.46%	44.37%	443.78%	60.80%	-89.23%	-47.94%
TDUP ThredUp Inc.	-48.67%	359.71%	-38.22%	71.76%	-89.73%	-36.20%

Fundamentals

Market Cap REAL : $2.67B TDUP : $412.54M
EPS REAL : -$0.14 TDUP : -$0.16
PS Ratio REAL : 3.86 TDUP : 1.30
Total Revenue (TTM) REAL : $692.85M TDUP : $310.81M
Gross Profit (TTM) REAL : $516.82M TDUP : $246.75M
EBITDA (TTM) REAL : $52.71M TDUP : -$8.00M

Returns By Period

In the year-to-date period, REAL achieves a -42.46% return, which is significantly higher than TDUP's -48.67% return.

REAL

• 1D: 11.82%
• 1M: -25.94%
• YTD: -42.46%
• 6M: -14.58%
• 1Y: 68.46%
• 3Y*: 93.15%
• 5Y*: -16.74%
• 10Y*: —

TDUP

• 1D: 5.47%
• 1M: -32.79%
• YTD: -48.67%
• 6M: -65.29%
• 1Y: 36.10%
• 3Y*: 9.04%
• 5Y*: -32.82%
• 10Y*: —

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

Return for Risk

REAL vs. TDUP — Risk / Return Rank

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

REAL

REAL Risk / Return Rank: 70
REAL Sharpe Ratio Rank: 70
REAL Sortino Ratio Rank: 73
REAL Omega Ratio Rank: 70
REAL Calmar Ratio Rank: 67
REAL Martin Ratio Rank: 68

TDUP

TDUP Risk / Return Rank: 57
TDUP Sharpe Ratio Rank: 58
TDUP Sortino Ratio Rank: 65
TDUP Omega Ratio Rank: 62
TDUP Calmar Ratio Rank: 51
TDUP Martin Ratio Rank: 51

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.

REAL vs. TDUP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for The RealReal, Inc. (REAL) and ThredUp Inc. (TDUP). 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.

	REAL	TDUP	Difference
Sharpe ratio Return per unit of total volatility	0.83	0.44	+0.39
Sortino ratio Return per unit of downside risk	1.68	1.35	+0.34
Omega ratio Gain probability vs. loss probability	1.22	1.16	+0.05
Calmar ratio Return relative to maximum drawdown	1.19	0.36	+0.83
Martin ratio Return relative to average drawdown	3.04	0.75	+2.29
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

REAL vs. TDUP - Sharpe Ratio Comparison

The current REAL Sharpe Ratio is 0.83, which is higher than the TDUP Sharpe Ratio of 0.44. The chart below compares the historical Sharpe Ratios of REAL and TDUP, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	REAL	TDUP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.83	0.44	+0.39
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.17	-0.31	+0.14
Sharpe Ratio (All Time) Calculated using the full available price history	-0.17	-0.28	+0.11

Correlation

The correlation between REAL and TDUP 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.

Dividends

REAL vs. TDUP - Dividend Comparison

Neither REAL nor TDUP has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

REAL vs. TDUP - Drawdown Comparison

The maximum REAL drawdown since its inception was -96.44%, roughly equal to the maximum TDUP drawdown of -98.32%. Use the drawdown chart below to compare losses from any high point for REAL and TDUP.

Drawdown Indicators

	REAL	TDUP	Difference
Max Drawdown Largest peak-to-trough decline	-96.44%	-98.32%	+1.88%
Max Drawdown (1Y) Largest decline over 1 year	-51.95%	-74.25%	+22.30%
Max Drawdown (5Y) Largest decline over 5 years	-95.98%	-98.21%	+2.23%
Current Drawdown Current decline from peak	-68.58%	-89.55%	+20.97%
Average Drawdown Average peak-to-trough decline	-67.46%	-79.45%	+11.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	20.27%	35.59%	-15.32%

Volatility

REAL vs. TDUP - Volatility Comparison

The current volatility for The RealReal, Inc. (REAL) is 22.07%, while ThredUp Inc. (TDUP) has a volatility of 31.42%. This indicates that REAL experiences smaller price fluctuations and is considered to be less risky than TDUP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	REAL	TDUP	Difference
Volatility (1M) Calculated over the trailing 1-month period	22.07%	31.42%	-9.35%
Volatility (6M) Calculated over the trailing 6-month period	54.35%	49.60%	+4.75%
Volatility (1Y) Calculated over the trailing 1-year period	83.21%	82.56%	+0.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	97.38%	105.14%	-7.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	94.39%	108.92%	-14.53%

Financials

REAL vs. TDUP - Profitability Comparison

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

REAL - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, The RealReal, Inc. reported a gross profit of 145.20M and revenue of 194.05M. Therefore, the gross margin over that period was 74.8%.

TDUP - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, ThredUp Inc. reported a gross profit of 66.57M and revenue of 79.70M. Therefore, the gross margin over that period was 83.5%.

REAL - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, The RealReal, Inc. reported an operating income of 6.27M and revenue of 194.05M, resulting in an operating margin of 3.2%.

TDUP - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, ThredUp Inc. reported an operating income of -5.15M and revenue of 79.70M, resulting in an operating margin of -6.5%.

REAL - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, The RealReal, Inc. reported a net income of -38.78M and revenue of 194.05M, resulting in a net margin of -20.0%.

TDUP - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, ThredUp Inc. reported a net income of -5.58M and revenue of 79.70M, resulting in a net margin of -7.0%.