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MARA vs. SPY
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between MARA and SPY is 0.30, 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.


-0.50.00.51.00.3

Performance

MARA vs. SPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Marathon Digital Holdings, Inc. (MARA) and SPDR S&P 500 ETF (SPY). The values are adjusted to include any dividend payments, if applicable.

-100.00%0.00%100.00%200.00%300.00%400.00%500.00%JulyAugustSeptemberOctoberNovemberDecember
-83.31%
441.84%
MARA
SPY

Key characteristics

Sharpe Ratio

MARA:

-0.09

SPY:

2.21

Sortino Ratio

MARA:

0.71

SPY:

2.93

Omega Ratio

MARA:

1.08

SPY:

1.41

Calmar Ratio

MARA:

-0.11

SPY:

3.26

Martin Ratio

MARA:

-0.26

SPY:

14.43

Ulcer Index

MARA:

37.56%

SPY:

1.90%

Daily Std Dev

MARA:

110.39%

SPY:

12.41%

Max Drawdown

MARA:

-99.74%

SPY:

-55.19%

Current Drawdown

MARA:

-87.10%

SPY:

-2.74%

Returns By Period

In the year-to-date period, MARA achieves a -15.03% return, which is significantly lower than SPY's 25.54% return. Over the past 10 years, MARA has underperformed SPY with an annualized return of -18.55%, while SPY has yielded a comparatively higher 12.97% annualized return.


MARA

YTD

-15.03%

1M

-11.80%

6M

3.90%

1Y

-19.45%

5Y*

83.65%

10Y*

-18.55%

SPY

YTD

25.54%

1M

-0.42%

6M

8.90%

1Y

25.98%

5Y*

14.66%

10Y*

12.97%

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Risk-Adjusted Performance

MARA vs. SPY - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Marathon Digital Holdings, Inc. (MARA) and SPDR S&P 500 ETF (SPY). 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.


Sharpe ratio
The chart of Sharpe ratio for MARA, currently valued at -0.09, compared to the broader market-4.00-2.000.002.00-0.092.21
The chart of Sortino ratio for MARA, currently valued at 0.71, compared to the broader market-4.00-2.000.002.004.000.712.93
The chart of Omega ratio for MARA, currently valued at 1.08, compared to the broader market0.501.001.502.001.081.41
The chart of Calmar ratio for MARA, currently valued at -0.11, compared to the broader market0.002.004.006.00-0.113.26
The chart of Martin ratio for MARA, currently valued at -0.26, compared to the broader market-5.000.005.0010.0015.0020.0025.00-0.2614.43
MARA
SPY

The current MARA Sharpe Ratio is -0.09, which is lower than the SPY Sharpe Ratio of 2.21. The chart below compares the historical Sharpe Ratios of MARA and SPY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.001.002.003.004.00JulyAugustSeptemberOctoberNovemberDecember
-0.09
2.21
MARA
SPY

Dividends

MARA vs. SPY - Dividend Comparison

MARA has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 0.86%.


TTM20232022202120202019201820172016201520142013
MARA
Marathon Digital 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%
SPY
SPDR S&P 500 ETF
0.86%1.40%1.65%1.20%1.52%1.75%2.04%1.80%2.03%2.06%1.87%1.81%

Drawdowns

MARA vs. SPY - Drawdown Comparison

The maximum MARA drawdown since its inception was -99.74%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for MARA and SPY. For additional features, visit the drawdowns tool.


-100.00%-80.00%-60.00%-40.00%-20.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-87.10%
-2.74%
MARA
SPY

Volatility

MARA vs. SPY - Volatility Comparison

Marathon Digital Holdings, Inc. (MARA) has a higher volatility of 27.35% compared to SPDR S&P 500 ETF (SPY) at 3.72%. This indicates that MARA's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%10.00%20.00%30.00%40.00%50.00%JulyAugustSeptemberOctoberNovemberDecember
27.35%
3.72%
MARA
SPY
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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