MGIC vs. ICE
MGIC (Magic Software Enterprises Ltd) and ICE (Intercontinental Exchange, Inc.) are both stocks. MGIC operates in Information Technology Services (Technology), while ICE operates in Financial Data & Stock Exchanges (Financial Services). Over the past 10 years, MGIC returned 13.19%/yr vs 11.78%/yr for ICE. At a 0.18 correlation, their price movements are largely independent.
Performance
MGIC vs. ICE - Performance Comparison
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Returns By Period
In the year-to-date period, MGIC achieves a -32.50% return, which is significantly lower than ICE's -11.81% return. Over the past 10 years, MGIC has outperformed ICE with an annualized return of 13.19%, while ICE has yielded a comparatively lower 11.78% annualized return.
MGIC
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- -32.50%
- 6M
- -29.83%
- 1Y
- 11.18%
- 3Y*
- 19.58%
- 5Y*
- 5.43%
- 10Y*
- 13.19%
ICE
- 1D
- -1.78%
- 1M
- -7.99%
- YTD
- -11.81%
- 6M
- -7.78%
- 1Y
- -20.11%
- 3Y*
- 11.05%
- 5Y*
- 6.35%
- 10Y*
- 11.78%
MGIC vs. ICE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MGIC Magic Software Enterprises Ltd | -32.50% | 123.97% | 29.28% | -36.46% | -21.27% | 37.01% | 63.06% | 32.73% | -5.91% | 29.18% |
ICE Intercontinental Exchange, Inc. | -11.81% | 9.92% | 17.46% | 27.12% | -23.91% | 19.94% | 26.15% | 24.47% | 8.11% | 26.60% |
Correlation
The correlation between MGIC and ICE is 0.06, 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 | 0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Nov 17, 2005 | 0.18 |
The correlation between MGIC and ICE shifts across timeframes, from 0.06 (1 year) to 0.22 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
MGIC:
$853.34M
ICE:
$81.16B
MGIC:
$0.82
ICE:
$6.85
MGIC:
21.31
ICE:
20.80
MGIC:
1.69
ICE:
2.51
MGIC:
1.41
ICE:
6.23
MGIC:
3.09
ICE:
2.75
MGIC:
$603.22M
ICE:
$13.08B
MGIC:
$169.17M
ICE:
$8.93B
MGIC:
$86.68M
ICE:
$7.05B
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Return for Risk
MGIC vs. ICE — Risk / Return Rank
MGIC
ICE
MGIC vs. ICE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Magic Software Enterprises Ltd (MGIC) and Intercontinental Exchange, Inc. (ICE). 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.
| MGIC | ICE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.26 | -0.94 | +1.20 |
Sortino ratioReturn per unit of downside risk | 0.61 | -1.20 | +1.81 |
Omega ratioGain probability vs. loss probability | 1.11 | 0.85 | +0.26 |
Calmar ratioReturn relative to maximum drawdown | 0.32 | -0.84 | +1.16 |
Martin ratioReturn relative to average drawdown | 0.57 | -1.53 | +2.10 |
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
| MGIC | ICE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.26 | -0.94 | +1.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.14 | 0.30 | -0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.38 | 0.53 | -0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.14 | 0.42 | -0.28 |
Drawdowns
MGIC vs. ICE - Drawdown Comparison
The maximum MGIC drawdown since its inception was -97.62%, which is greater than ICE's maximum drawdown of -73.94%. Use the drawdown chart below to compare losses from any high point for MGIC and ICE.
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Drawdown Indicators
| MGIC | ICE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.62% | -73.94% | -23.68% |
Max Drawdown (1Y)Largest decline over 1 year | -37.32% | -23.76% | -13.56% |
Max Drawdown (3Y)Largest decline over 3 years | -39.55% | -23.76% | -15.79% |
Max Drawdown (5Y)Largest decline over 5 years | -63.94% | -34.32% | -29.62% |
Max Drawdown (10Y)Largest decline over 10 years | -63.94% | -34.32% | -29.62% |
Current DrawdownCurrent decline from peak | -37.21% | -23.76% | -13.45% |
Average DrawdownAverage peak-to-trough decline | -57.98% | -16.45% | -41.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.93% | 13.00% | +7.93% |
Volatility
MGIC vs. ICE - Volatility Comparison
The current volatility for Magic Software Enterprises Ltd (MGIC) is 0.00%, while Intercontinental Exchange, Inc. (ICE) has a volatility of 5.09%. This indicates that MGIC experiences smaller price fluctuations and is considered to be less risky than ICE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MGIC | ICE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.00% | 5.09% | -5.09% |
Volatility (6M)Calculated over the trailing 6-month period | 36.15% | 18.09% | +18.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.42% | 21.41% | +22.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.06% | 20.98% | +17.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.27% | 22.16% | +13.11% |
Dividends
MGIC vs. ICE - Dividend Comparison
MGIC's dividend yield for the trailing twelve months is around 2.57%, more than ICE's 1.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ICE Intercontinental Exchange, Inc. | 1.38% | 1.19% | 1.21% | 1.31% | 1.48% | 0.97% | 1.04% | 1.19% | 1.27% | 1.13% | 1.21% | 1.13% |
MGIC Magic Software Enterprises Ltd | 2.57% | 3.01% | 3.66% | 6.47% | 3.16% | 2.12% | 1.63% | 3.13% | 3.74% | 2.57% | 2.62% | 3.18% |
Financials
MGIC vs. ICE - Financials Comparison
This section allows you to compare key financial metrics between Magic Software Enterprises Ltd and Intercontinental Exchange, 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
MGIC vs. ICE - Profitability Comparison
MGIC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Magic Software Enterprises Ltd reported a gross profit of 44.21M and revenue of 161.66M. Therefore, the gross margin over that period was 27.4%.
ICE - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Intercontinental Exchange, Inc. reported a gross profit of 2.89B and revenue of 3.67B. Therefore, the gross margin over that period was 78.8%.
MGIC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Magic Software Enterprises Ltd reported an operating income of 17.12M and revenue of 161.66M, resulting in an operating margin of 10.6%.
ICE - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Intercontinental Exchange, Inc. reported an operating income of 1.67B and revenue of 3.67B, resulting in an operating margin of 45.4%.
MGIC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Magic Software Enterprises Ltd reported a net income of 9.86M and revenue of 161.66M, resulting in a net margin of 6.1%.
ICE - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Intercontinental Exchange, Inc. reported a net income of 1.41B and revenue of 3.67B, resulting in a net margin of 38.5%.
Frequently Asked Questions
MGIC and ICE have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ICE has higher volatility (5.09%) compared to MGIC (0.00%). In terms of maximum drawdown, MGIC dropped -97.62% vs ICE's -73.94%.
MGIC currently has the higher Sharpe Ratio (0.26 vs -0.94), 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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