SPSC vs. QLYS
SPSC (SPS Commerce, Inc.) and QLYS (Qualys, Inc.) are both stocks. Both operate in the Software - Infrastructure industry within the Technology sector. Over the past 10 years, SPSC returned 6.83%/yr vs 13.24%/yr for QLYS. At a 0.46 correlation, their price movements are largely independent.
Performance
SPSC vs. QLYS - Performance Comparison
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Returns By Period
In the year-to-date period, SPSC achieves a -37.68% return, which is significantly lower than QLYS's -16.02% return. Over the past 10 years, SPSC has underperformed QLYS with an annualized return of 6.83%, while QLYS has yielded a comparatively higher 13.24% annualized return.
SPSC
- 1D
- -3.89%
- 1M
- -5.11%
- YTD
- -37.68%
- 6M
- -33.47%
- 1Y
- -60.92%
- 3Y*
- -30.11%
- 5Y*
- -10.09%
- 10Y*
- 6.83%
QLYS
- 1D
- -1.60%
- 1M
- 20.67%
- YTD
- -16.02%
- 6M
- -25.16%
- 1Y
- -21.71%
- 3Y*
- -4.96%
- 5Y*
- 2.21%
- 10Y*
- 13.24%
SPSC vs. QLYS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPSC SPS Commerce, Inc. | -37.68% | -51.56% | -5.08% | 50.93% | -9.78% | 31.09% | 95.94% | 34.55% | 69.54% | -30.48% |
QLYS Qualys, Inc. | -16.02% | -5.22% | -28.56% | 74.89% | -18.21% | 12.60% | 46.18% | 11.55% | 25.93% | 87.52% |
Correlation
The correlation between SPSC and QLYS is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.56 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Oct 1, 2012 | 0.46 |
The correlation between SPSC and QLYS shifts across timeframes, from 0.46 (all time) to 0.56 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
SPSC:
$2.08B
QLYS:
$3.98B
SPSC:
$2.40
QLYS:
$5.57
SPSC:
23.12
QLYS:
20.03
SPSC:
1.24
QLYS:
0.61
SPSC:
2.76
QLYS:
5.89
SPSC:
2.16
QLYS:
6.99
SPSC:
$762.08M
QLYS:
$684.86M
SPSC:
$518.57M
QLYS:
$569.03M
SPSC:
$164.17M
QLYS:
$252.31M
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Return for Risk
SPSC vs. QLYS — Risk / Return Rank
SPSC
QLYS
SPSC vs. QLYS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPS Commerce, Inc. (SPSC) and Qualys, Inc. (QLYS). 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.
| SPSC | QLYS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.78 | ||
| Sortino ratioReturn per unit of downside risk | -1.48 | ||
| Omega ratioGain probability vs. loss probability | 0.72 | 0.94 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | -0.93 | -0.43 | -0.50 |
| Martin ratioReturn relative to average drawdown | -1.45 | -0.91 | -0.54 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SPSC | QLYS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.26 | -0.48 | -0.78 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.26 | 0.06 | -0.31 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.18 | 0.34 | -0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | 0.38 | -0.01 |
Drawdowns
SPSC vs. QLYS - Drawdown Comparison
The maximum SPSC drawdown since its inception was -76.83%, which is greater than QLYS's maximum drawdown of -68.48%. Use the drawdown chart below to compare losses from any high point for SPSC and QLYS.
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Drawdown Indicators
| SPSC | QLYS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.83% | -68.48% | -8.35% |
Max Drawdown (1Y)Largest decline over 1 year | -65.58% | -50.46% | -15.12% |
Max Drawdown (3Y)Largest decline over 3 years | -76.83% | -62.99% | -13.84% |
Max Drawdown (5Y)Largest decline over 5 years | -76.83% | -62.99% | -13.84% |
Max Drawdown (10Y)Largest decline over 10 years | -76.83% | -62.99% | -13.84% |
Current DrawdownCurrent decline from peak | -74.21% | -45.79% | -28.42% |
Average DrawdownAverage peak-to-trough decline | -17.10% | -20.84% | +3.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 42.04% | 23.88% | +18.16% |
Volatility
SPSC vs. QLYS - Volatility Comparison
The current volatility for SPS Commerce, Inc. (SPSC) is 14.55%, while Qualys, Inc. (QLYS) has a volatility of 15.87%. This indicates that SPSC experiences smaller price fluctuations and is considered to be less risky than QLYS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPSC | QLYS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.55% | 15.87% | -1.32% |
Volatility (6M)Calculated over the trailing 6-month period | 30.77% | 36.75% | -5.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 48.53% | 45.49% | +3.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.63% | 39.93% | -0.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.46% | 39.08% | -1.62% |
Dividends
SPSC vs. QLYS - Dividend Comparison
Neither SPSC nor QLYS has paid dividends to shareholders.
Financials
SPSC vs. QLYS - Financials Comparison
This section allows you to compare key financial metrics between SPS Commerce, Inc. and Qualys, 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
SPSC vs. QLYS - Profitability Comparison
SPSC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, SPS Commerce, Inc. reported a gross profit of 132.90M and revenue of 192.12M. Therefore, the gross margin over that period was 69.2%.
QLYS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Qualys, Inc. reported a gross profit of 145.65M and revenue of 175.64M. Therefore, the gross margin over that period was 82.9%.
SPSC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, SPS Commerce, Inc. reported an operating income of 24.56M and revenue of 192.12M, resulting in an operating margin of 12.8%.
QLYS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Qualys, Inc. reported an operating income of 60.89M and revenue of 175.64M, resulting in an operating margin of 34.7%.
SPSC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, SPS Commerce, Inc. reported a net income of 19.73M and revenue of 192.12M, resulting in a net margin of 10.3%.
QLYS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Qualys, Inc. reported a net income of 50.64M and revenue of 175.64M, resulting in a net margin of 28.8%.
Frequently Asked Questions
SPSC and QLYS have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QLYS has higher volatility (15.87%) compared to SPSC (14.55%). In terms of maximum drawdown, SPSC dropped -76.83% vs QLYS's -68.48%.
QLYS currently has the higher Sharpe Ratio (-0.48 vs -1.26), 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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