TOST vs. PYPL
TOST (Toast, Inc.) and PYPL (PayPal Holdings, Inc.) are both stocks. TOST operates in Software - Infrastructure (Technology), while PYPL operates in Credit Services (Financial Services). Over the past 3 years, TOST returned 3.31%/yr vs -13.13%/yr for PYPL. A 0.54 correlation means they provide meaningful diversification when combined.
Performance
TOST vs. PYPL - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TOST achieves a -32.13% return, which is significantly lower than PYPL's -28.88% return.
TOST
- 1D
- -2.19%
- 1M
- -3.79%
- YTD
- -32.13%
- 6M
- -30.27%
- 1Y
- -45.24%
- 3Y*
- 3.31%
- 5Y*
- —
- 10Y*
- —
PYPL
- 1D
- -0.07%
- 1M
- -8.76%
- YTD
- -28.88%
- 6M
- -32.07%
- 1Y
- -43.32%
- 3Y*
- -13.13%
- 5Y*
- -30.87%
- 10Y*
- 1.25%
TOST vs. PYPL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
TOST Toast, Inc. | -32.13% | -2.58% | 99.62% | 1.28% | -48.06% | -44.47% |
PYPL PayPal Holdings, Inc. | -28.88% | -31.44% | 38.98% | -13.77% | -62.23% | -30.76% |
Correlation
The correlation between TOST and PYPL is 0.54, 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 | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Sep 23, 2021 | 0.54 |
The correlation between TOST and PYPL has been stable across timeframes, ranging from 0.47 to 0.54 - a consistent structural relationship.
Fundamentals
TOST:
$14.51B
PYPL:
$37.96B
TOST:
$0.68
PYPL:
$5.31
TOST:
35.43
PYPL:
7.78
TOST:
0.02
PYPL:
0.38
TOST:
2.26
PYPL:
1.17
TOST:
7.29
PYPL:
1.90
TOST:
$6.45B
PYPL:
$33.73B
TOST:
$1.69B
PYPL:
$15.56B
TOST:
$430.00M
PYPL:
$7.23B
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
TOST vs. PYPL — Risk / Return Rank
TOST
PYPL
TOST vs. PYPL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Toast, Inc. (TOST) and PayPal Holdings, Inc. (PYPL). 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.
| TOST | PYPL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.12 | ||
| Sortino ratioReturn per unit of downside risk | +0.10 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 0.79 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | -0.83 | -0.87 | +0.04 |
| Martin ratioReturn relative to average drawdown | -1.41 | -1.55 | +0.14 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| TOST | PYPL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.99 | -1.11 | +0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.74 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.03 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.30 | 0.01 | -0.31 |
Drawdowns
TOST vs. PYPL - Drawdown Comparison
The maximum TOST drawdown since its inception was -80.56%, smaller than the maximum PYPL drawdown of -87.30%. Use the drawdown chart below to compare losses from any high point for TOST and PYPL.
Loading charts...
Drawdown Indicators
| TOST | PYPL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.56% | -87.30% | +6.74% |
Max Drawdown (1Y)Largest decline over 1 year | -54.71% | -49.92% | -4.79% |
Max Drawdown (3Y)Largest decline over 3 years | -54.71% | -57.34% | +2.63% |
Max Drawdown (5Y)Largest decline over 5 years | — | -87.30% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -87.30% | — |
Current DrawdownCurrent decline from peak | -63.05% | -86.51% | +23.46% |
Average DrawdownAverage peak-to-trough decline | -57.92% | -35.69% | -22.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 32.05% | 27.99% | +4.06% |
Volatility
TOST vs. PYPL - Volatility Comparison
Toast, Inc. (TOST) has a higher volatility of 21.74% compared to PayPal Holdings, Inc. (PYPL) at 6.73%. This indicates that TOST's price experiences larger fluctuations and is considered to be riskier than PYPL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| TOST | PYPL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.74% | 6.73% | +15.01% |
Volatility (6M)Calculated over the trailing 6-month period | 36.52% | 31.69% | +4.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.95% | 39.14% | +6.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 61.31% | 42.09% | +19.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 61.31% | 38.78% | +22.53% |
Dividends
TOST vs. PYPL - Dividend Comparison
TOST has not paid dividends to shareholders, while PYPL's dividend yield for the trailing twelve months is around 1.02%.
| Position | TTM | 2025 |
|---|---|---|
PYPL PayPal Holdings, Inc. | 1.02% | 0.24% |
TOST Toast, Inc. | 0.00% | 0.00% |
Financials
TOST vs. PYPL - Financials Comparison
This section allows you to compare key financial metrics between Toast, Inc. and PayPal 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
TOST vs. PYPL - Profitability Comparison
TOST - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Toast, Inc. reported a gross profit of 447.00M and revenue of 1.63B. Therefore, the gross margin over that period was 27.4%.
PYPL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, PayPal Holdings, Inc. reported a gross profit of 3.81B and revenue of 8.35B. Therefore, the gross margin over that period was 45.6%.
TOST - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Toast, Inc. reported an operating income of 110.00M and revenue of 1.63B, resulting in an operating margin of 6.8%.
PYPL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, PayPal Holdings, Inc. reported an operating income of 1.49B and revenue of 8.35B, resulting in an operating margin of 17.8%.
TOST - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Toast, Inc. reported a net income of 126.00M and revenue of 1.63B, resulting in a net margin of 7.7%.
PYPL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, PayPal Holdings, Inc. reported a net income of 1.11B and revenue of 8.35B, resulting in a net margin of 13.3%.
Frequently Asked Questions
TOST and PYPL have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TOST has higher volatility (21.74%) compared to PYPL (6.73%). In terms of maximum drawdown, TOST dropped -80.56% vs PYPL's -87.30%.
TOST currently has the higher Sharpe Ratio (-0.99 vs -1.11), 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.
Find the right allocation for TOST and PYPL
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer