MQ vs SPPL: Correlation
How closely do Marqeta, Inc. (MQ) and SIMPPLE LTD. (SPPL) trade together? Their weekly returns over three years give a correlation of -0.36, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MQ and SPPL?
Over the past 3 years, MQ and SPPL moved with a correlation of -0.36, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.20 versus -0.36 over 3 years. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -2700.9 %².
Among the 18 assets we track against MQ, SPPL sits near the bottom by co-movement, at rank #18. Twelve-month performance is nearly a tie, at -35.4% for MQ and -31.0% for SPPL. Risk is not evenly split, since SPPL carries 4.0 times the volatility of the other side.
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.
MQ vs SPPL: side by side
| MQ (Marqeta, Inc.) | SPPL (SIMPPLE LTD.) | |
|---|---|---|
| 1-year return | -35.4% | -31.0% |
| 5-year return | -85.0% | n/a |
| Volatility (ann.) | 43.5% | 172.3% |
| Beta vs S&P 500 | 0.49 | 3.00 |
| Max drawdown (3Y) | -53.3% | -97.6% |
| Market cap | $1.7B | – |
| P/E (trailing) | 180.1 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MQ | SPPL |
|---|---|---|
| 2022 | -64.4% | – |
| 2023 | +14.2% | – |
| 2024 | -45.7% | -83.1% |
| 2025 | +25.3% | -46.9% |
| 2026 | -14.7% | -49.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MQ and SPPL good diversifiers for each other?
By historical standards, yes. A correlation of -0.36 means the two rarely move for the same reasons.
FAQ
What is the correlation between MQ and SPPL?
Using weekly returns as of 2026-08-27: -0.36 over 3 years, with -0.20 over the last year and n/a over 5 years.
Is SPPL a good diversifier for MQ?
By historical standards, yes. A correlation of -0.36 means the two rarely move for the same reasons.
What does a correlation of -0.36 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: MQ correlations · SPPL correlations
