KVYO vs MQ: Correlation
Measured on weekly returns over the past three years, Klaviyo, Inc. Series A (KVYO) and Marqeta, Inc. (MQ) carry a correlation of 0.39, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KVYO and MQ?
Across a 3-year window, the weekly returns of KVYO and MQ correlate at 0.39, moderate. Recent behaviour matches the longer record: 0.47 over 1 year against 0.39 over 3. Stretching to 5 years gives n/a, with an annualized covariance of 1037.6 %².
Among the 13 assets we track against KVYO, MQ ranks #7 by 3-year correlation. Neither side won the trailing year by much: -38.9% against -35.4%.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
KVYO vs MQ: side by side
| KVYO (Klaviyo, Inc. Series A) | MQ (Marqeta, Inc.) | |
|---|---|---|
| 1-year return | -38.9% | -35.4% |
| 5-year return | n/a | -85.0% |
| Volatility (ann.) | 60.2% | 43.5% |
| Beta vs S&P 500 | 1.09 | 0.49 |
| Max drawdown (3Y) | -73.9% | -53.3% |
| Market cap | $5.9B | $1.7B |
| P/E (trailing) | 653.7 | 180.1 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KVYO | MQ |
|---|---|---|
| 2022 | – | -64.4% |
| 2023 | – | +14.2% |
| 2024 | +48.5% | -45.7% |
| 2025 | -21.3% | +25.3% |
| 2026 | -39.6% | -14.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KVYO and MQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between KVYO and MQ?
Using weekly returns as of 2026-08-27: 0.39 over 3 years, with 0.47 over the last year and n/a over 5 years.
Is MQ a good diversifier for KVYO?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.39 mean?
A reading of 0.39 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: KVYO correlations · MQ correlations
