UPWK vs. FVRR

Last updated Jun 4, 2026

UPWK (Upwork Inc.) and FVRR (Fiverr International Ltd.) are both stocks. UPWK operates in Staffing & Employment Services (Industrials), while FVRR operates in Internet Content & Information (Communication Services). Over the past 5 years, UPWK returned -28.67%/yr vs -44.87%/yr for FVRR. A 0.59 correlation means they provide meaningful diversification when combined.

Performance

UPWK vs. FVRR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Upwork Inc. (UPWK) and Fiverr International Ltd. (FVRR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UPWK achieves a -56.81% return, which is significantly lower than FVRR's -49.04% return.

UPWK

• 1D: -4.68%
• 1M: -18.63%
• YTD: -56.81%
• 6M: -56.61%
• 1Y: -43.31%
• 3Y*: -0.84%
• 5Y*: -28.67%
• 10Y*: —

FVRR

• 1D: -4.82%
• 1M: -12.96%
• YTD: -49.04%
• 6M: -53.10%
• 1Y: -69.16%
• 3Y*: -28.15%
• 5Y*: -44.87%
• 10Y*: —

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

UPWK vs. FVRR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
UPWK Upwork Inc.	-56.81%	21.22%	9.95%	42.43%	-69.44%	-1.04%	223.52%	-31.91%
FVRR Fiverr International Ltd.	-49.04%	-37.72%	16.57%	-6.59%	-74.37%	-41.72%	730.21%	-41.10%

Correlation

The correlation between UPWK and FVRR is 0.55, 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	0.55
Correlation (3Y) Calculated over the trailing 3-year period	0.57
Correlation (5Y) Calculated over the trailing 5-year period	0.66
Correlation (All Time) Calculated using the full available price history since Jun 14, 2019	0.59

The correlation between UPWK and FVRR shifts across timeframes, from 0.55 (1 year) to 0.66 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap UPWK : $1.16B FVRR : $368.57M
EPS UPWK : $0.79 FVRR : $0.78
PE Ratio UPWK : 10.88 FVRR : 12.96
PEG Ratio UPWK : 0.07 FVRR : 0.06
PS Ratio UPWK : 2.00 FVRR : 0.87
PB Ratio UPWK : 2.04 FVRR : 0.88
Total Revenue (TTM) UPWK : $595.10M FVRR : $429.22M
Gross Profit (TTM) UPWK : $612.97M FVRR : $348.84M
EBITDA (TTM) UPWK : $152.42M FVRR : $33.15M

Return for Risk

UPWK vs. FVRR — Risk / Return Rank

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

UPWK

UPWK Risk / Return Rank: 12
UPWK Sharpe Ratio Rank: 10
UPWK Sortino Ratio Rank: 13
UPWK Omega Ratio Rank: 13
UPWK Calmar Ratio Rank: 16
UPWK Martin Ratio Rank: 6

FVRR

FVRR Risk / Return Rank: 2
FVRR Sharpe Ratio Rank: 1
FVRR Sortino Ratio Rank: 0
FVRR Omega Ratio Rank: 1
FVRR Calmar Ratio Rank: 2
FVRR Martin Ratio Rank: 6

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.

UPWK vs. FVRR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Upwork Inc. (UPWK) and Fiverr International Ltd. (FVRR). 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.

	UPWK	FVRR	Difference
Sharpe ratio Return per unit of total volatility	-0.74	-1.45	+0.72
Sortino ratio Return per unit of downside risk	-0.90	-2.82	+1.93
Omega ratio Gain probability vs. loss probability	0.89	0.68	+0.21
Calmar ratio Return relative to maximum drawdown	-0.68	-0.97	+0.29
Martin ratio Return relative to average drawdown	-1.45	-1.46	+0.01
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UPWK vs. FVRR - Sharpe Ratio Comparison

The current UPWK Sharpe Ratio is -0.74, which is higher than the FVRR Sharpe Ratio of -1.45. The chart below compares the historical Sharpe Ratios of UPWK and FVRR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	UPWK	FVRR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.74	-1.45	+0.72
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.45	-0.70	+0.25
Sharpe Ratio (All Time) Calculated using the full available price history	-0.17	-0.26	+0.09

Drawdowns

UPWK vs. FVRR - Drawdown Comparison

The maximum UPWK drawdown since its inception was -87.48%, smaller than the maximum FVRR drawdown of -96.98%. Use the drawdown chart below to compare losses from any high point for UPWK and FVRR.

Drawdown Indicators

	UPWK	FVRR	Difference
Max Drawdown Largest peak-to-trough decline	-87.48%	-96.98%	+9.50%
Max Drawdown (1Y) Largest decline over 1 year	-63.46%	-71.11%	+7.65%
Max Drawdown (3Y) Largest decline over 3 years	-63.46%	-72.47%	+9.01%
Max Drawdown (5Y) Largest decline over 5 years	-87.48%	-96.23%	+8.75%
Current Drawdown Current decline from peak	-85.90%	-96.88%	+10.98%
Average Drawdown Average peak-to-trough decline	-56.05%	-67.59%	+11.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	29.89%	47.22%	-17.33%

Volatility

UPWK vs. FVRR - Volatility Comparison

Upwork Inc. (UPWK) has a higher volatility of 24.70% compared to Fiverr International Ltd. (FVRR) at 14.33%. This indicates that UPWK's price experiences larger fluctuations and is considered to be riskier than FVRR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UPWK	FVRR	Difference
Volatility (1M) Calculated over the trailing 1-month period	24.70%	14.33%	+10.37%
Volatility (6M) Calculated over the trailing 6-month period	47.18%	38.05%	+9.13%
Volatility (1Y) Calculated over the trailing 1-year period	59.17%	47.74%	+11.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	63.46%	64.02%	-0.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	64.82%	68.12%	-3.30%

Dividends

UPWK vs. FVRR - Dividend Comparison

Neither UPWK nor FVRR has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both UPWK and FVRR in my portfolio?

UPWK and FVRR have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, UPWK or FVRR?

UPWK has higher volatility (24.70%) compared to FVRR (14.33%). In terms of maximum drawdown, UPWK dropped -87.48% vs FVRR's -96.98%.

Which has better risk-adjusted returns?

UPWK currently has the higher Sharpe Ratio (-0.74 vs -1.45), 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.