MARA vs. EWZ
MARA (MARA Holdings, Inc.) is a stock, while EWZ (iShares MSCI Brazil ETF) is Latin America Equities fund tracking the MSCI Brazil 25/50 Index. Over the past 10 years, MARA returned -10.80%/yr vs 7.53%/yr for EWZ. At a 0.20 correlation, their price movements are largely independent.
Performance
MARA vs. EWZ - Performance Comparison
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Returns By Period
In the year-to-date period, MARA achieves a 53.45% return, which is significantly higher than EWZ's 6.04% return. Over the past 10 years, MARA has underperformed EWZ with an annualized return of -10.80%, while EWZ has yielded a comparatively higher 7.53% annualized return.
MARA
- 1D
- 11.85%
- 1M
- 6.49%
- YTD
- 53.45%
- 6M
- 14.36%
- 1Y
- -12.67%
- 3Y*
- 13.68%
- 5Y*
- -12.02%
- 10Y*
- -10.80%
EWZ
- 1D
- -0.94%
- 1M
- -13.88%
- YTD
- 6.04%
- 6M
- 6.47%
- 1Y
- 28.14%
- 3Y*
- 7.95%
- 5Y*
- 3.87%
- 10Y*
- 7.53%
MARA vs. EWZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MARA MARA Holdings, Inc. | 53.45% | -46.45% | -28.61% | 586.84% | -89.59% | 214.75% | 1,084.48% | -39.16% | -91.17% | -40.41% |
EWZ iShares MSCI Brazil ETF | 6.04% | 48.81% | -30.41% | 32.62% | 12.09% | -17.32% | -20.35% | 27.67% | -2.52% | 23.62% |
Correlation
The correlation between MARA and EWZ is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since May 4, 2012 | 0.20 |
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Return for Risk
MARA vs. EWZ — Risk / Return Rank
MARA
EWZ
MARA vs. EWZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MARA Holdings, Inc. (MARA) and iShares MSCI Brazil ETF (EWZ). 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.
| MARA | EWZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.29 | ||
| Sortino ratioReturn per unit of downside risk | -1.28 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.20 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | -0.18 | 1.47 | -1.65 |
| Martin ratioReturn relative to average drawdown | -0.30 | 4.96 | -5.26 |
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
| MARA | EWZ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.16 | 1.13 | -1.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.11 | 0.14 | -0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.08 | 0.22 | -0.30 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.09 | 0.16 | -0.25 |
Drawdowns
MARA vs. EWZ - Drawdown Comparison
The maximum MARA drawdown since its inception was -99.74%, which is greater than EWZ's maximum drawdown of -77.25%. Use the drawdown chart below to compare losses from any high point for MARA and EWZ.
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Drawdown Indicators
| MARA | EWZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.74% | -77.25% | -22.49% |
Max Drawdown (1Y)Largest decline over 1 year | -70.53% | -19.27% | -51.26% |
Max Drawdown (3Y)Largest decline over 3 years | -78.34% | -31.36% | -46.98% |
Max Drawdown (5Y)Largest decline over 5 years | -95.87% | -32.24% | -63.63% |
Max Drawdown (10Y)Largest decline over 10 years | -99.20% | -56.99% | -42.21% |
Current DrawdownCurrent decline from peak | -91.09% | -26.15% | -64.94% |
Average DrawdownAverage peak-to-trough decline | -78.01% | -35.95% | -42.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 42.27% | 5.68% | +36.59% |
Volatility
MARA vs. EWZ - Volatility Comparison
MARA Holdings, Inc. (MARA) has a higher volatility of 22.21% compared to iShares MSCI Brazil ETF (EWZ) at 7.32%. This indicates that MARA's price experiences larger fluctuations and is considered to be riskier than EWZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MARA | EWZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.21% | 7.32% | +14.89% |
Volatility (6M)Calculated over the trailing 6-month period | 60.03% | 20.79% | +39.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 78.82% | 25.12% | +53.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 106.02% | 27.68% | +78.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 144.17% | 34.07% | +110.10% |
Dividends
MARA vs. EWZ - Dividend Comparison
MARA has not paid dividends to shareholders, while EWZ's dividend yield for the trailing twelve months is around 4.89%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EWZ iShares MSCI Brazil ETF | 4.89% | 5.19% | 8.91% | 5.66% | 12.59% | 9.87% | 1.71% | 2.54% | 2.89% | 1.71% | 1.81% | 4.08% |
MARA MARA Holdings, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MARA and EWZ have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MARA has higher volatility (22.21%) compared to EWZ (7.32%). In terms of maximum drawdown, MARA dropped -99.74% vs EWZ's -77.25%.
EWZ currently has the higher Sharpe Ratio (1.13 vs -0.16), 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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