SEZL vs UPST: Correlation
Sezzle Inc. (SEZL) and Upstart Holdings, Inc. (UPST) show a moderate relationship: their 3-year correlation of weekly returns is 0.51.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SEZL and UPST?
On 3 years of weekly data the SEZL/UPST correlation comes out at 0.51, moderate. Little has changed lately, as the 1-year reading of 0.50 lands near the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at 6518.3 %².
UPST is one of the assets that tracks SEZL most closely: it ranks #2 out of the 12 assets we track against SEZL. Correlation aside, the last 12 months split them widely, with SEZL ahead by 91.9 points (+35.7% versus -56.2%). Note the risk asymmetry: SEZL runs 1.5 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
SEZL vs UPST: side by side
| SEZL (Sezzle Inc.) | UPST (Upstart Holdings, Inc.) | |
|---|---|---|
| 1-year return | +35.7% | -56.2% |
| 5-year return | n/a | -85.9% |
| Volatility (ann.) | 139.3% | 91.0% |
| Beta vs S&P 500 | 3.39 | 3.51 |
| Max drawdown (3Y) | -90.0% | -72.7% |
| Market cap | $4.2B | $3.0B |
| P/E (trailing) | 27.1 | 58.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SEZL | UPST |
|---|---|---|
| 2022 | – | -91.3% |
| 2023 | – | +209.1% |
| 2024 | +1146.6% | +50.7% |
| 2025 | +48.9% | -29.0% |
| 2026 | +98.2% | -30.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SEZL and UPST good diversifiers for each other?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between SEZL and UPST?
Using weekly returns as of 2026-08-27: 0.51 over 3 years, with 0.50 over the last year and n/a over 5 years.
Is UPST a good diversifier for SEZL?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.51 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/sezl-vs-upst.json
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Related comparisons
Hubs: SEZL correlations · UPST correlations
