TREE vs. UPST
TREE (LendingTree, Inc.) and UPST (Upstart Holdings, Inc.) are both stocks. Both are in the Financial Services sector — TREE in Financial Conglomerates, UPST in Credit Services. Over the past 5 years, TREE returned -30.41%/yr vs -25.65%/yr for UPST. Their 0.50 correlation means their historical movements had little consistent relationship.
Performance
TREE vs. UPST - Performance Comparison
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Returns By Period
In the year-to-date period, TREE achieves a -39.99% return, which is significantly lower than UPST's -37.25% return.
TREE
- 1D
- 0.44%
- 1M
- -29.20%
- 6M
- -43.77%
- YTD
- -39.99%
- 1Y
- -35.60%
- 3Y*
- 10.95%
- 5Y*
- -30.41%
- 10Y*
- -10.75%
- ALL TIME*
- 8.35%
UPST
- 1D
- 1.48%
- 1M
- -21.10%
- 6M
- -30.09%
- YTD
- -37.25%
- 1Y
- -65.36%
- 3Y*
- -27.53%
- 5Y*
- -25.65%
- 10Y*
- —
- ALL TIME*
- 0.96%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $13.12M | $11.08M | $10.86M | |
| $95.19M | $108.53M | $137.74M |
TREE vs. UPST - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
TREE LendingTree, Inc. | -39.99% | 37.01% | 27.80% | 42.15% | -82.60% | -55.22% | 1.08% |
UPST Upstart Holdings, Inc. | -37.25% | -28.98% | 50.69% | 209.08% | -91.26% | 271.29% | 56.73% |
Correlation
The correlation between TREE and UPST is 0.47, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.47 |
Correlation (3Y) Balances recent behavior with more history. | 0.48 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.52 |
Correlation (All Time) Calculated using the full available price history since Dec 16, 2020 | 0.50 |
The correlation between TREE and UPST has been stable across timeframes, ranging from 0.47 to 0.52 - a consistent structural relationship.
Fundamentals
TREE:
$444.54M
UPST:
$2.63B
TREE:
$11.10
UPST:
$0.46
TREE:
2.87
UPST:
59.03
TREE:
0.01
UPST:
0.25
TREE:
0.35
UPST:
2.51
TREE:
1.41
UPST:
3.63
TREE:
$1.27B
UPST:
$1.16B
TREE:
$1.22B
UPST:
$810.61M
TREE:
$97.76M
UPST:
$67.66M
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Return for Risk
TREE vs. UPST — Risk / Return Rank
TREE
UPST
TREE vs. UPST - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for LendingTree, Inc. (TREE) 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.
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.
| TREE | UPST | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.50 | ||
| Sortino ratioReturn per unit of downside risk | +1.30 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 0.82 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | -0.54 | -0.94 | +0.40 |
| Martin ratioReturn relative to average drawdown | -0.88 | -1.27 | +0.39 |
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Drawdowns
TREE vs. UPST - Drawdown Comparison
The maximum TREE drawdown since its inception was -97.59%, roughly equal to the maximum UPST drawdown of -96.90%. Use the drawdown chart below to compare losses from any high point for TREE and UPST.
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Drawdown Indicators
| TREE | UPST | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.59% | -96.90% | -0.69% |
Max Drawdown (1Y)Largest decline over 1 year | -58.54% | -70.76% | +12.22% |
Max Drawdown (3Y)Largest decline over 3 years | -58.54% | -72.72% | +14.18% |
Max Drawdown (5Y)Largest decline over 5 years | -94.48% | -96.90% | +2.42% |
Max Drawdown (10Y)Largest decline over 10 years | -97.59% | — | — |
Current DrawdownCurrent decline from peak | -92.65% | -92.96% | +0.31% |
Average DrawdownAverage peak-to-trough decline | -44.26% | -76.55% | +32.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 36.08% | 52.32% | -16.24% |
Volatility
TREE vs. UPST - Volatility Comparison
LendingTree, Inc. (TREE) has a higher volatility of 23.90% compared to Upstart Holdings, Inc. (UPST) at 11.77%. This indicates that TREE's price experiences larger fluctuations and is considered to be riskier than UPST based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TREE | UPST | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 23.90% | 11.77% | +12.13% |
Volatility (6M)Calculated over the trailing 6-month period | 57.94% | 48.91% | +9.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 68.61% | 69.26% | -0.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 74.82% | 103.59% | -28.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 64.67% | 112.89% | -48.22% |
Dividends
TREE vs. UPST - Dividend Comparison
Neither TREE nor UPST has paid dividends to shareholders.
Financials
TREE vs. UPST - Financials Comparison
This section allows you to compare key financial metrics between LendingTree, Inc. 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.
Total Revenue: Total amount of money received from sales and other business activities
TREE vs. UPST - Profitability Comparison
TREE - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, LendingTree, Inc. reported a gross profit of 302.15M and revenue of 313.42M. Therefore, the gross margin over that period was 96.4%.
UPST - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Upstart Holdings, Inc. reported a gross profit of 0.00 and revenue of 308.21M. Therefore, the gross margin over that period was 0.0%.
TREE - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, LendingTree, Inc. reported an operating income of 21.80M and revenue of 313.42M, resulting in an operating margin of 7.0%.
UPST - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Upstart Holdings, Inc. reported an operating income of -7.52M and revenue of 308.21M, resulting in an operating margin of -2.4%.
TREE - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, LendingTree, Inc. reported a net income of -17.27M and revenue of 313.42M, resulting in a net margin of -5.5%.
UPST - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Upstart Holdings, Inc. reported a net income of -6.65M and revenue of 308.21M, resulting in a net margin of -2.2%.
Frequently Asked Questions
TREE and UPST have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TREE has higher volatility (23.90%) compared to UPST (11.77%). In terms of maximum drawdown, TREE dropped -97.59% vs UPST's -96.90%.
TREE currently has the higher Sharpe Ratio (-0.46 vs -0.96), 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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