JEF vs. TW
JEF (Jefferies Financial Group Inc.) and TW (Tradeweb Markets Inc.) are both stocks. Both are in the Financial Services sector — JEF in Financial Conglomerates, TW in Capital Markets. Over the past 5 years, JEF returned 17.11%/yr vs 3.81%/yr for TW. At a 0.20 correlation, their price movements are largely independent.
Performance
JEF vs. TW - Performance Comparison
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Returns By Period
In the year-to-date period, JEF achieves a -5.14% return, which is significantly higher than TW's -8.38% return.
JEF
- 1D
- 3.97%
- 1M
- 10.13%
- YTD
- -5.14%
- 6M
- -0.43%
- 1Y
- 13.73%
- 3Y*
- 25.68%
- 5Y*
- 17.11%
- 10Y*
- 17.89%
TW
- 1D
- -4.15%
- 1M
- -9.55%
- YTD
- -8.38%
- 6M
- -6.54%
- 1Y
- -29.50%
- 3Y*
- 11.98%
- 5Y*
- 3.81%
- 10Y*
- —
JEF vs. TW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
JEF Jefferies Financial Group Inc. | -5.14% | -18.78% | 98.84% | 27.74% | -8.46% | 61.95% | 19.00% | 25.07% |
TW Tradeweb Markets Inc. | -8.38% | -17.55% | 44.56% | 40.61% | -34.86% | 60.96% | 35.50% | 30.15% |
Correlation
The correlation between JEF and TW is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Apr 5, 2019 | 0.21 |
The correlation between JEF and TW shifts across timeframes, from 0.05 (1 year) to 0.24 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
JEF:
$4.87
TW:
$4.05
JEF:
11.90
TW:
24.24
JEF:
0.86
TW:
0.66
JEF:
0.77
TW:
9.76
JEF:
$11.22B
TW:
$2.16B
JEF:
$6.66B
TW:
$1.56B
JEF:
$1.12B
TW:
$1.34B
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Return for Risk
JEF vs. TW — Risk / Return Rank
JEF
TW
JEF vs. TW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Jefferies Financial Group Inc. (JEF) and Tradeweb Markets Inc. (TW). 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.
| JEF | TW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.39 | ||
| Sortino ratioReturn per unit of downside risk | +2.16 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 0.83 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 0.29 | -0.90 | +1.19 |
| Martin ratioReturn relative to average drawdown | 0.64 | -1.38 | +2.02 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| JEF | TW | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.34 | -1.05 | +1.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.48 | 0.14 | +0.33 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.51 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.52 | -0.07 |
Drawdowns
JEF vs. TW - Drawdown Comparison
The maximum JEF drawdown since its inception was -80.74%, which is greater than TW's maximum drawdown of -48.64%. Use the drawdown chart below to compare losses from any high point for JEF and TW.
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Drawdown Indicators
| JEF | TW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.74% | -48.64% | -32.10% |
Max Drawdown (1Y)Largest decline over 1 year | -48.05% | -32.76% | -15.29% |
Max Drawdown (3Y)Largest decline over 3 years | -54.39% | -33.89% | -20.50% |
Max Drawdown (5Y)Largest decline over 5 years | -54.39% | -48.64% | -5.75% |
Max Drawdown (10Y)Largest decline over 10 years | -54.39% | — | — |
Current DrawdownCurrent decline from peak | -26.11% | -33.69% | +7.58% |
Average DrawdownAverage peak-to-trough decline | -25.53% | -13.86% | -11.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.39% | 21.41% | -0.02% |
Volatility
JEF vs. TW - Volatility Comparison
The current volatility for Jefferies Financial Group Inc. (JEF) is 8.05%, while Tradeweb Markets Inc. (TW) has a volatility of 8.50%. This indicates that JEF experiences smaller price fluctuations and is considered to be less risky than TW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JEF | TW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.05% | 8.50% | -0.45% |
Volatility (6M)Calculated over the trailing 6-month period | 30.53% | 21.23% | +9.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.68% | 28.36% | +12.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.94% | 26.56% | +9.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.01% | 30.13% | +4.88% |
Dividends
JEF vs. TW - Dividend Comparison
JEF's dividend yield for the trailing twelve months is around 2.76%, more than TW's 0.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JEF Jefferies Financial Group Inc. | 2.76% | 2.58% | 1.66% | 2.97% | 3.50% | 2.32% | 2.44% | 8.07% | 2.59% | 1.23% | 1.08% | 1.44% |
TW Tradeweb Markets Inc. | 0.53% | 0.45% | 0.31% | 0.40% | 0.49% | 0.32% | 0.51% | 0.52% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
JEF vs. TW - Financials Comparison
This section allows you to compare key financial metrics between Jefferies Financial Group Inc. and Tradeweb Markets Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
JEF vs. TW - Profitability Comparison
JEF - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Jefferies Financial Group Inc. reported a gross profit of 1.68B and revenue of 2.87B. Therefore, the gross margin over that period was 58.5%.
TW - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Tradeweb Markets Inc. reported a gross profit of 411.78M and revenue of 617.76M. Therefore, the gross margin over that period was 66.7%.
JEF - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Jefferies Financial Group Inc. reported an operating income of 0.00 and revenue of 2.87B, resulting in an operating margin of 0.0%.
TW - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Tradeweb Markets Inc. reported an operating income of 287.25M and revenue of 617.76M, resulting in an operating margin of 46.5%.
JEF - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Jefferies Financial Group Inc. reported a net income of 155.70M and revenue of 2.87B, resulting in a net margin of 5.4%.
TW - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Tradeweb Markets Inc. reported a net income of 205.28M and revenue of 617.76M, resulting in a net margin of 33.2%.
Frequently Asked Questions
JEF and TW have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TW has higher volatility (8.50%) compared to JEF (8.05%). In terms of maximum drawdown, JEF dropped -80.74% vs TW's -48.64%.
JEF currently has the higher Sharpe Ratio (0.34 vs -1.05), 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.
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