CMCX.L vs. PLUS.L

Last updated Apr 2, 2026

Compare and contrast key facts about CMC Markets plc (CMCX.L) and Plus500 Ltd (PLUS.L).

Performance

CMCX.L vs. PLUS.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in CMC Markets plc (CMCX.L) and Plus500 Ltd (PLUS.L). The values are adjusted to include any dividend payments, if applicable.

CMCX.L vs. PLUS.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CMCX.L CMC Markets plc	16.39%	27.16%	144.09%	-51.43%	-167.04%	-28.25%	183.92%	43.23%	544.41%	45.42%
PLUS.L Plus500 Ltd	16.27%	42.22%	74.43%	-2.92%	40.46%	1.19%	77.51%	-29.08%	77.62%	170.07%

Fundamentals

Market Cap CMCX.L : £942.38M PLUS.L : £3.03B
EPS CMCX.L : £0.54 PLUS.L : £7.48
PE Ratio CMCX.L : 6.39 PLUS.L : 5.53
PS Ratio CMCX.L : 1.26 PLUS.L : 1.97
PB Ratio CMCX.L : 2.22 PLUS.L : 5.33
Total Revenue (TTM) CMCX.L : £747.21M PLUS.L : £1.56B
Gross Profit (TTM) CMCX.L : £363.93M PLUS.L : £1.55B
EBITDA (TTM) CMCX.L : £161.09M PLUS.L : £697.09M

Returns By Period

The year-to-date returns for both stocks are quite close, with CMCX.L having a 16.39% return and PLUS.L slightly lower at 16.27%.

CMCX.L

• 1D: 1.31%
• 1M: 7.08%
• YTD: 16.39%
• 6M: 49.92%
• 1Y: 74.37%
• 3Y*: 30.76%
• 5Y*: —
• 10Y*: —

PLUS.L

• 1D: 1.57%
• 1M: 1.77%
• YTD: 16.27%
• 6M: 32.31%
• 1Y: 55.21%
• 3Y*: 43.34%
• 5Y*: 31.34%
• 10Y*: 31.29%

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

Return for Risk

CMCX.L vs. PLUS.L — Risk / Return Rank

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

CMCX.L

CMCX.L Risk / Return Rank: 85
CMCX.L Sharpe Ratio Rank: 87
CMCX.L Sortino Ratio Rank: 88
CMCX.L Omega Ratio Rank: 91
CMCX.L Calmar Ratio Rank: 83
CMCX.L Martin Ratio Rank: 78

PLUS.L

PLUS.L Risk / Return Rank: 88
PLUS.L Sharpe Ratio Rank: 90
PLUS.L Sortino Ratio Rank: 89
PLUS.L Omega Ratio Rank: 90
PLUS.L Calmar Ratio Rank: 85
PLUS.L Martin Ratio Rank: 83

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.

CMCX.L vs. PLUS.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CMC Markets plc (CMCX.L) and Plus500 Ltd (PLUS.L). 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.

	CMCX.L	PLUS.L	Difference
Sharpe ratio Return per unit of total volatility	1.72	2.06	-0.34
Sortino ratio Return per unit of downside risk	2.70	2.83	-0.13
Omega ratio Gain probability vs. loss probability	1.42	1.41	+0.01
Calmar ratio Return relative to maximum drawdown	2.73	3.18	-0.45
Martin ratio Return relative to average drawdown	5.52	7.61	-2.09
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CMCX.L vs. PLUS.L - Sharpe Ratio Comparison

The current CMCX.L Sharpe Ratio is 1.72, which is comparable to the PLUS.L Sharpe Ratio of 2.06. The chart below compares the historical Sharpe Ratios of CMCX.L and PLUS.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	CMCX.L	PLUS.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.72	2.06	-0.34
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.31	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.79	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.96	—

Correlation

The correlation between CMCX.L and PLUS.L is 0.25, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

CMCX.L vs. PLUS.L - Dividend Comparison

CMCX.L's dividend yield for the trailing twelve months is around 3.97%, less than PLUS.L's 4.18% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CMCX.L CMC Markets plc	3.97%	4.62%	4.19%	4.67%	301.21%	9.46%	5.47%	2.41%	102.65%	5.95%	7.64%	0.00%
PLUS.L Plus500 Ltd	4.18%	4.72%	5.40%	4.78%	5.09%	7.85%	6.89%	7.57%	15.50%	7.37%	20.96%	9.96%

Drawdowns

CMCX.L vs. PLUS.L - Drawdown Comparison

The maximum CMCX.L drawdown since its inception was -161.34%, which is greater than PLUS.L's maximum drawdown of -72.38%. Use the drawdown chart below to compare losses from any high point for CMCX.L and PLUS.L.

Drawdown Indicators

	CMCX.L	PLUS.L	Difference
Max Drawdown Largest peak-to-trough decline	-161.34%	-72.38%	-88.96%
Max Drawdown (1Y) Largest decline over 1 year	-26.34%	-17.03%	-9.31%
Max Drawdown (5Y) Largest decline over 5 years	-161.34%	-30.58%	-130.76%
Max Drawdown (10Y) Largest decline over 10 years	-161.34%	-72.38%	-88.96%
Current Drawdown Current decline from peak	-161.34%	-14.46%	-146.88%
Average Drawdown Average peak-to-trough decline	-67.26%	-17.95%	-49.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.03%	7.11%	+5.92%

Volatility

CMCX.L vs. PLUS.L - Volatility Comparison

CMC Markets plc (CMCX.L) has a higher volatility of 7.58% compared to Plus500 Ltd (PLUS.L) at 5.58%. This indicates that CMCX.L's price experiences larger fluctuations and is considered to be riskier than PLUS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CMCX.L	PLUS.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.58%	5.58%	+2.00%
Volatility (6M) Calculated over the trailing 6-month period	31.13%	19.84%	+11.29%
Volatility (1Y) Calculated over the trailing 1-year period	43.16%	26.72%	+16.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	91.38%	23.91%	+67.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	256.27%	39.59%	+216.68%

Financials

CMCX.L vs. PLUS.L - Profitability Comparison

The chart below illustrates the profitability comparison between CMC Markets plc and Plus500 Ltd over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

CMCX.L - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, CMC Markets plc reported a gross profit of 0.00 and revenue of 193.69M. Therefore, the gross margin over that period was 0.0%.

PLUS.L - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Plus500 Ltd reported a gross profit of 376.30M and revenue of 379.11M. Therefore, the gross margin over that period was 99.3%.

CMCX.L - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, CMC Markets plc reported an operating income of 53.50M and revenue of 193.69M, resulting in an operating margin of 27.6%.

PLUS.L - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Plus500 Ltd reported an operating income of 16.58M and revenue of 379.11M, resulting in an operating margin of 4.4%.

CMCX.L - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, CMC Markets plc reported a net income of 35.94M and revenue of 193.69M, resulting in a net margin of 18.6%.

PLUS.L - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Plus500 Ltd reported a net income of 132.33M and revenue of 379.11M, resulting in a net margin of 34.9%.