UDMY vs. CHGG

Last updated Apr 1, 2026

Compare and contrast key facts about Udemy, Inc. (UDMY) and Chegg, Inc. (CHGG).

Performance

UDMY vs. CHGG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Udemy, Inc. (UDMY) and Chegg, Inc. (CHGG). The values are adjusted to include any dividend payments, if applicable.

UDMY vs. CHGG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
UDMY Udemy, Inc.	-21.03%	-28.92%	-44.13%	39.62%	-46.01%	-28.95%
CHGG Chegg, Inc.	-20.29%	-42.24%	-85.83%	-55.05%	-17.69%	-48.35%

Fundamentals

Market Cap UDMY : $673.14M CHGG : $81.07M
EPS UDMY : $0.03 CHGG : -$0.96
PS Ratio UDMY : 0.87 CHGG : 0.21
PB Ratio UDMY : 3.20 CHGG : 0.68
Total Revenue (TTM) UDMY : $789.84M CHGG : $376.91M
Gross Profit (TTM) UDMY : $518.41M CHGG : $224.76M
EBITDA (TTM) UDMY : $22.78M CHGG : -$36.78M

Returns By Period

The year-to-date returns for both investments are quite close, with UDMY having a -21.03% return and CHGG slightly higher at -20.29%.

UDMY

• 1D: 1.32%
• 1M: -8.15%
• YTD: -21.03%
• 6M: -34.09%
• 1Y: -40.46%
• 3Y*: -19.42%
• 5Y*: —
• 10Y*: —

CHGG

• 1D: 10.33%
• 1M: 12.78%
• YTD: -20.29%
• 6M: -50.91%
• 1Y: 15.97%
• 3Y*: -64.31%
• 5Y*: -61.55%
• 10Y*: -16.10%

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

Return for Risk

UDMY vs. CHGG — Risk / Return Rank

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

UDMY

UDMY Risk / Return Rank: 9
UDMY Sharpe Ratio Rank: 10
UDMY Sortino Ratio Rank: 11
UDMY Omega Ratio Rank: 12
UDMY Calmar Ratio Rank: 5
UDMY Martin Ratio Rank: 5

CHGG

CHGG Risk / Return Rank: 51
CHGG Sharpe Ratio Rank: 48
CHGG Sortino Ratio Rank: 60
CHGG Omega Ratio Rank: 55
CHGG Calmar Ratio Rank: 46
CHGG 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.

UDMY vs. CHGG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Udemy, Inc. (UDMY) and Chegg, Inc. (CHGG). 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.

	UDMY	CHGG	Difference
Sharpe ratio Return per unit of total volatility	-0.76	0.14	-0.91
Sortino ratio Return per unit of downside risk	-1.00	1.12	-2.12
Omega ratio Gain probability vs. loss probability	0.88	1.12	-0.25
Calmar ratio Return relative to maximum drawdown	-0.95	0.16	-1.10
Martin ratio Return relative to average drawdown	-1.70	0.30	-2.00
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UDMY vs. CHGG - Sharpe Ratio Comparison

The current UDMY Sharpe Ratio is -0.76, which is lower than the CHGG Sharpe Ratio of 0.14. The chart below compares the historical Sharpe Ratios of UDMY and CHGG, 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

	UDMY	CHGG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.76	0.14	-0.91
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.73	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	-0.24	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.57	-0.28	-0.28

Correlation

The correlation between UDMY and CHGG is 0.34, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

UDMY vs. CHGG - Dividend Comparison

Neither UDMY nor CHGG has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

UDMY vs. CHGG - Drawdown Comparison

The maximum UDMY drawdown since its inception was -85.98%, smaller than the maximum CHGG drawdown of -99.60%. Use the drawdown chart below to compare losses from any high point for UDMY and CHGG.

Drawdown Indicators

	UDMY	CHGG	Difference
Max Drawdown Largest peak-to-trough decline	-85.98%	-99.60%	+13.62%
Max Drawdown (1Y) Largest decline over 1 year	-44.81%	-75.54%	+30.73%
Max Drawdown (5Y) Largest decline over 5 years	—	-99.53%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-99.60%	—
Current Drawdown Current decline from peak	-85.14%	-99.35%	+14.21%
Average Drawdown Average peak-to-trough decline	-66.61%	-44.58%	-22.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	24.98%	39.62%	-14.64%

Volatility

UDMY vs. CHGG - Volatility Comparison

The current volatility for Udemy, Inc. (UDMY) is 14.14%, while Chegg, Inc. (CHGG) has a volatility of 40.17%. This indicates that UDMY experiences smaller price fluctuations and is considered to be less risky than CHGG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UDMY	CHGG	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.14%	40.17%	-26.03%
Volatility (6M) Calculated over the trailing 6-month period	36.41%	74.44%	-38.03%
Volatility (1Y) Calculated over the trailing 1-year period	53.41%	111.33%	-57.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	58.91%	84.52%	-25.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	58.91%	68.44%	-9.53%

Financials

UDMY vs. CHGG - Profitability Comparison

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

UDMY - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Udemy, Inc. reported a gross profit of 128.05M and revenue of 193.99M. Therefore, the gross margin over that period was 66.0%.

CHGG - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Chegg, Inc. reported a gross profit of 41.66M and revenue of 72.66M. Therefore, the gross margin over that period was 57.3%.

UDMY - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Udemy, Inc. reported an operating income of -3.43M and revenue of 193.99M, resulting in an operating margin of -1.8%.

CHGG - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Chegg, Inc. reported an operating income of -34.27M and revenue of 72.66M, resulting in an operating margin of -47.2%.

UDMY - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Udemy, Inc. reported a net income of -2.33M and revenue of 193.99M, resulting in a net margin of -1.2%.

CHGG - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Chegg, Inc. reported a net income of -32.80M and revenue of 72.66M, resulting in a net margin of -45.2%.