STNE vs. PAGS

Last updated Jun 23, 2026

STNE (StoneCo Ltd.) and PAGS (PagSeguro Digital Ltd.) are both stocks. Both are in the Technology sector — STNE in Software - Application, PAGS in Software - Infrastructure. Over the past 5 years, STNE returned -28.40%/yr vs -29.64%/yr for PAGS. A 0.75 correlation means they provide meaningful diversification when combined.

Performance

STNE vs. PAGS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in StoneCo Ltd. (STNE) and PagSeguro Digital Ltd. (PAGS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, STNE achieves a -12.10% return, which is significantly lower than PAGS's -5.46% return.

STNE

• 1D: 1.42%
• 1M: -2.36%
• YTD: -12.10%
• 6M: -8.06%
• 1Y: -10.46%
• 3Y*: -1.37%
• 5Y*: -28.40%
• 10Y*: —

PAGS

• 1D: -0.11%
• 1M: -3.61%
• YTD: -5.46%
• 6M: -5.85%
• 1Y: 4.04%
• 3Y*: -1.91%
• 5Y*: -29.64%
• 10Y*: —

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

STNE vs. PAGS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
STNE StoneCo Ltd.	-12.10%	85.57%	-55.80%	91.00%	-44.01%	-79.91%	110.38%	116.32%	-42.37%
PAGS PagSeguro Digital Ltd.	-5.46%	60.75%	-49.80%	42.68%	-66.67%	-53.90%	66.51%	82.38%	-37.04%

Correlation

The correlation between STNE and PAGS is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.80
Correlation (3Y) Calculated over the trailing 3-year period	0.81
Correlation (5Y) Calculated over the trailing 5-year period	0.80
Correlation (All Time) Calculated using the full available price history since Oct 25, 2018	0.75

The correlation between STNE and PAGS has been stable across timeframes, ranging from 0.75 to 0.81 - a consistent structural relationship.

Fundamentals

Market Cap STNE : $2.72B PAGS : $2.49B
EPS STNE : R$12.96 PAGS : R$7.31
PE Ratio STNE : 4.27 PAGS : 6.21
PEG Ratio STNE : 0.06 PAGS : 0.32
PS Ratio STNE : 1.27 PAGS : 0.67
PB Ratio STNE : 1.16 PAGS : 0.89
Total Revenue (TTM) STNE : R$11.69B PAGS : R$19.80B
Gross Profit (TTM) STNE : R$8.11B PAGS : R$10.13B
EBITDA (TTM) STNE : R$3.75B PAGS : R$9.32B

Return for Risk

STNE vs. PAGS — Risk / Return Rank

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

STNE

STNE Risk / Return Rank: 33
STNE Sharpe Ratio Rank: 33
STNE Sortino Ratio Rank: 33
STNE Omega Ratio Rank: 32
STNE Calmar Ratio Rank: 33
STNE Martin Ratio Rank: 32

PAGS

PAGS Risk / Return Rank: 44
PAGS Sharpe Ratio Rank: 46
PAGS Sortino Ratio Rank: 42
PAGS Omega Ratio Rank: 41
PAGS Calmar Ratio Rank: 46
PAGS Martin Ratio Rank: 45

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.

STNE vs. PAGS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for StoneCo Ltd. (STNE) and PagSeguro Digital Ltd. (PAGS). 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.

	STNE	PAGS	Difference
Sharpe ratio: Return per unit of total volatility	-0.21	0.09	-0.30
Sortino ratio: Return per unit of downside risk	0.05	0.45	-0.40
Omega ratio: Gain probability vs. loss probability	1.01	1.05	-0.05
Calmar ratio: Return relative to maximum drawdown	-0.26	0.15	-0.41
Martin ratio: Return relative to average drawdown	-0.51	0.30	-0.81

STNE vs. PAGS - Sharpe Ratio Comparison

The current STNE Sharpe Ratio is -0.21, which is lower than the PAGS Sharpe Ratio of 0.09. The chart below compares the historical Sharpe Ratios of STNE and PAGS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

STNE vs. PAGS - Drawdown Comparison

The maximum STNE drawdown since its inception was -92.31%, roughly equal to the maximum PAGS drawdown of -90.00%. Use the drawdown chart below to compare losses from any high point for STNE and PAGS.

Drawdown Indicators

	STNE	PAGS	Difference
Max Drawdown Largest peak-to-trough decline	-92.31%	-90.00%	-2.31%
Max Drawdown (1Y) Largest decline over 1 year	-40.22%	-27.21%	-13.01%
Max Drawdown (3Y) Largest decline over 3 years	-57.64%	-57.60%	-0.04%
Max Drawdown (5Y) Largest decline over 5 years	-89.72%	-89.84%	+0.12%
Current Drawdown Current decline from peak	-86.18%	-84.64%	-1.54%
Average Drawdown Average peak-to-trough decline	-61.29%	-55.54%	-5.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	20.62%	13.47%	+7.15%

Volatility

STNE vs. PAGS - Volatility Comparison

StoneCo Ltd. (STNE) has a higher volatility of 11.47% compared to PagSeguro Digital Ltd. (PAGS) at 9.17%. This indicates that STNE's price experiences larger fluctuations and is considered to be riskier than PAGS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	STNE	PAGS	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.47%	9.17%	+2.30%
Volatility (6M) Calculated over the trailing 6-month period	38.92%	33.32%	+5.60%
Volatility (1Y) Calculated over the trailing 1-year period	50.47%	46.93%	+3.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	64.96%	61.41%	+3.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	67.32%	61.01%	+6.31%

Dividends

STNE vs. PAGS - Dividend Comparison

STNE's dividend yield for the trailing twelve months is around 23.56%, more than PAGS's 7.04% yield.

Position	TTM	2025
PAGS PagSeguro Digital Ltd.	7.04%	3.94%
STNE StoneCo Ltd.	23.56%	0.00%

Financials

Frequently Asked Questions

Can I hold both STNE and PAGS in my portfolio?

STNE and PAGS have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, STNE or PAGS?

STNE has higher volatility (11.47%) compared to PAGS (9.17%). In terms of maximum drawdown, STNE dropped -92.31% vs PAGS's -90.00%.

Which has better risk-adjusted returns?

PAGS currently has the higher Sharpe Ratio (0.09 vs -0.21), 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.