UPST vs. BKKT
UPST (Upstart Holdings, Inc.) and BKKT (Bakkt Holdings, Inc.) are both stocks. UPST operates in Credit Services (Financial Services), while BKKT operates in Software - Infrastructure (Technology). Over the past 5 years, UPST returned -24.64%/yr vs -49.57%/yr for BKKT. At a 0.45 correlation, their price movements are largely independent.
Performance
UPST vs. BKKT - Performance Comparison
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Returns By Period
In the year-to-date period, UPST achieves a -30.25% return, which is significantly lower than BKKT's -16.04% return.
UPST
- 1D
- -4.06%
- 1M
- 13.00%
- YTD
- -30.25%
- 6M
- -38.20%
- 1Y
- -44.12%
- 3Y*
- -6.21%
- 5Y*
- -24.64%
- 10Y*
- —
BKKT
- 1D
- 0.96%
- 1M
- 5.11%
- YTD
- -16.04%
- 6M
- -27.08%
- 1Y
- -35.10%
- 3Y*
- -37.93%
- 5Y*
- -49.57%
- 10Y*
- —
UPST vs. BKKT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
UPST Upstart Holdings, Inc. | -30.25% | -28.98% | 50.69% | 209.08% | -91.26% | 271.29% | 56.73% |
BKKT Bakkt Holdings, Inc. | -16.04% | -59.47% | -55.57% | 87.39% | -86.02% | -15.58% | 0.70% |
Correlation
The correlation between UPST and BKKT is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.44 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Dec 16, 2020 | 0.45 |
Fundamentals
UPST:
$0.47
BKKT:
-$18.68
UPST:
2.76
BKKT:
0.04
UPST:
$1.16B
BKKT:
$1.28B
UPST:
$810.61M
BKKT:
$470.36M
UPST:
$67.66M
BKKT:
-$124.76M
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Return for Risk
UPST vs. BKKT — Risk / Return Rank
UPST
BKKT
UPST vs. BKKT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Upstart Holdings, Inc. (UPST) and Bakkt Holdings, Inc. (BKKT). 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.
| UPST | BKKT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.39 | ||
| Sortino ratioReturn per unit of downside risk | -1.33 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.08 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | -0.62 | -0.42 | -0.20 |
| Martin ratioReturn relative to average drawdown | -0.92 | -0.55 | -0.37 |
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Drawdowns
UPST vs. BKKT - Drawdown Comparison
The maximum UPST drawdown since its inception was -96.90%, roughly equal to the maximum BKKT drawdown of -99.41%. Use the drawdown chart below to compare losses from any high point for UPST and BKKT.
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Drawdown Indicators
| UPST | BKKT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.90% | -99.41% | +2.51% |
Max Drawdown (1Y)Largest decline over 1 year | -71.21% | -84.57% | +13.36% |
Max Drawdown (3Y)Largest decline over 3 years | -72.72% | -89.36% | +16.64% |
Max Drawdown (5Y)Largest decline over 5 years | -96.90% | -99.41% | +2.51% |
Current DrawdownCurrent decline from peak | -92.18% | -99.21% | +7.03% |
Average DrawdownAverage peak-to-trough decline | -76.18% | -84.79% | +8.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 47.83% | 63.50% | -15.67% |
Volatility
UPST vs. BKKT - Volatility Comparison
The current volatility for Upstart Holdings, Inc. (UPST) is 21.77%, while Bakkt Holdings, Inc. (BKKT) has a volatility of 35.05%. This indicates that UPST experiences smaller price fluctuations and is considered to be less risky than BKKT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UPST | BKKT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.77% | 35.05% | -13.28% |
Volatility (6M)Calculated over the trailing 6-month period | 50.33% | 80.47% | -30.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 71.10% | 149.01% | -77.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 103.59% | 189.60% | -86.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 113.97% | 182.84% | -68.87% |
Dividends
UPST vs. BKKT - Dividend Comparison
Neither UPST nor BKKT has paid dividends to shareholders.
Financials
UPST vs. BKKT - Financials Comparison
This section allows you to compare key financial metrics between Upstart Holdings, Inc. and Bakkt 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
Frequently Asked Questions
UPST and BKKT have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BKKT has higher volatility (35.05%) compared to UPST (21.77%). In terms of maximum drawdown, UPST dropped -96.90% vs BKKT's -99.41%.
BKKT currently has the higher Sharpe Ratio (-0.24 vs -0.62), 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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