UPST vs. COIN
UPST (Upstart Holdings, Inc.) and COIN (Coinbase Global, Inc.) are both stocks. Both are in the Financial Services sector — UPST in Credit Services, COIN in Financial Data & Stock Exchanges. Over the past 5 years, UPST returned -27.28%/yr vs -6.29%/yr for COIN. A 0.54 correlation means they provide meaningful diversification when combined.
Performance
UPST vs. COIN - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with UPST having a -29.11% return and COIN slightly higher at -28.31%.
UPST
- 1D
- 4.24%
- 1M
- 7.04%
- YTD
- -29.11%
- 6M
- -33.92%
- 1Y
- -42.94%
- 3Y*
- -1.15%
- 5Y*
- -27.28%
- 10Y*
- —
COIN
- 1D
- 6.37%
- 1M
- -19.41%
- YTD
- -28.31%
- 6M
- -40.88%
- 1Y
- -35.48%
- 3Y*
- 44.90%
- 5Y*
- -6.29%
- 10Y*
- —
UPST vs. COIN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
UPST Upstart Holdings, Inc. | -29.11% | -28.98% | 50.69% | 209.08% | -91.26% | 44.77% |
COIN Coinbase Global, Inc. | -28.31% | -8.92% | 42.77% | 391.44% | -85.98% | -23.12% |
Correlation
The correlation between UPST and COIN 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 | 0.51 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Apr 15, 2021 | 0.54 |
The correlation between UPST and COIN has been stable across timeframes, ranging from 0.51 to 0.56 - a consistent structural relationship.
Fundamentals
UPST:
$3.00B
COIN:
$42.92B
UPST:
$0.47
COIN:
$2.90
UPST:
66.16
COIN:
55.88
UPST:
0.28
COIN:
0.04
UPST:
2.81
COIN:
7.70
UPST:
4.10
COIN:
3.18
UPST:
$1.16B
COIN:
$5.81B
UPST:
$810.61M
COIN:
$4.65B
UPST:
$67.66M
COIN:
$1.68B
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Return for Risk
UPST vs. COIN — Risk / Return Rank
UPST
COIN
UPST vs. COIN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Upstart Holdings, Inc. (UPST) and Coinbase Global, Inc. (COIN). 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.
| UPST | COIN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.10 | ||
| Sortino ratioReturn per unit of downside risk | -0.18 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 0.95 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.60 | -0.54 | -0.07 |
| Martin ratioReturn relative to average drawdown | -0.91 | -0.88 | -0.03 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| UPST | COIN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.61 | -0.51 | -0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.26 | -0.07 | -0.19 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.01 | -0.15 | +0.16 |
Drawdowns
UPST vs. COIN - Drawdown Comparison
The maximum UPST drawdown since its inception was -96.90%, which is greater than COIN's maximum drawdown of -90.90%. Use the drawdown chart below to compare losses from any high point for UPST and COIN.
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Drawdown Indicators
| UPST | COIN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.90% | -90.90% | -6.00% |
Max Drawdown (1Y)Largest decline over 1 year | -71.21% | -66.39% | -4.82% |
Max Drawdown (3Y)Largest decline over 3 years | -72.72% | -66.39% | -6.33% |
Max Drawdown (5Y)Largest decline over 5 years | -96.90% | -90.90% | -6.00% |
Current DrawdownCurrent decline from peak | -92.05% | -61.38% | -30.67% |
Average DrawdownAverage peak-to-trough decline | -76.19% | -49.86% | -26.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 47.16% | 40.25% | +6.91% |
Volatility
UPST vs. COIN - Volatility Comparison
Upstart Holdings, Inc. (UPST) and Coinbase Global, Inc. (COIN) have volatilities of 21.23% and 21.42%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UPST | COIN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.23% | 21.42% | -0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 50.15% | 51.58% | -1.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 71.16% | 70.60% | +0.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 103.83% | 85.93% | +17.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 114.00% | 85.40% | +28.60% |
Dividends
UPST vs. COIN - Dividend Comparison
Neither UPST nor COIN has paid dividends to shareholders.
Financials
UPST vs. COIN - Financials Comparison
This section allows you to compare key financial metrics between Upstart Holdings, Inc. and Coinbase Global, 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
UPST vs. COIN - Profitability Comparison
UPST - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 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%.
COIN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Coinbase Global, Inc. reported a gross profit of 1.22B and revenue of 1.41B. Therefore, the gross margin over that period was 86.1%.
UPST - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Upstart Holdings, Inc. reported an operating income of -7.52M and revenue of 308.21M, resulting in an operating margin of -2.4%.
COIN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Coinbase Global, Inc. reported an operating income of 35.15M and revenue of 1.41B, resulting in an operating margin of 2.5%.
UPST - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Upstart Holdings, Inc. reported a net income of -6.65M and revenue of 308.21M, resulting in a net margin of -2.2%.
COIN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Coinbase Global, Inc. reported a net income of -394.12M and revenue of 1.41B, resulting in a net margin of -27.9%.
Frequently Asked Questions
UPST and COIN 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.
COIN has higher volatility (21.42%) compared to UPST (21.23%). In terms of maximum drawdown, UPST dropped -96.90% vs COIN's -90.90%.
COIN currently has the higher Sharpe Ratio (-0.51 vs -0.61), 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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