MGNI vs. GOOG
MGNI (Magnite, Inc.) and GOOG (Alphabet Inc) are both stocks. Both are in the Communication Services sector — MGNI in Advertising Agencies, GOOG in Internet Content & Information. Over the past 10 years, MGNI returned 1.65%/yr vs 25.97%/yr for GOOG. At a 0.34 correlation, their price movements are largely independent.
Performance
MGNI vs. GOOG - Performance Comparison
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Returns By Period
In the year-to-date period, MGNI achieves a 0.12% return, which is significantly lower than GOOG's 14.29% return. Over the past 10 years, MGNI has underperformed GOOG with an annualized return of 1.65%, while GOOG has yielded a comparatively higher 25.97% annualized return.
MGNI
- 1D
- 0.31%
- 1M
- 26.76%
- YTD
- 0.12%
- 6M
- -0.31%
- 1Y
- -4.97%
- 3Y*
- 6.24%
- 5Y*
- -13.13%
- 10Y*
- 1.65%
GOOG
- 1D
- 0.45%
- 1M
- -8.88%
- YTD
- 14.29%
- 6M
- 15.49%
- 1Y
- 104.22%
- 3Y*
- 42.67%
- 5Y*
- 23.51%
- 10Y*
- 25.97%
MGNI vs. GOOG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MGNI Magnite, Inc. | 0.12% | 1.95% | 70.45% | -11.80% | -39.49% | -43.02% | 276.35% | 118.77% | 99.47% | -74.80% |
GOOG Alphabet Inc | 14.29% | 65.42% | 35.62% | 58.83% | -38.67% | 65.17% | 31.03% | 29.10% | -1.03% | 35.58% |
Correlation
The correlation between MGNI and GOOG is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.40 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Apr 3, 2014 | 0.34 |
The correlation between MGNI and GOOG shifts across timeframes, from 0.17 (1 year) to 0.40 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
MGNI:
$2.41B
GOOG:
$4.38T
MGNI:
$1.05
GOOG:
$13.11
MGNI:
15.45
GOOG:
27.31
MGNI:
0.00
GOOG:
1.34
MGNI:
3.39
GOOG:
10.35
MGNI:
2.62
GOOG:
9.16
MGNI:
$722.55M
GOOG:
$422.57B
MGNI:
$458.33M
GOOG:
$255.12B
MGNI:
$150.13M
GOOG:
$174.08B
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Return for Risk
MGNI vs. GOOG — Risk / Return Rank
MGNI
GOOG
MGNI vs. GOOG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Magnite, Inc. (MGNI) and Alphabet Inc (GOOG). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MGNI | GOOG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.74 | ||
| Sortino ratioReturn per unit of downside risk | -4.75 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.59 | -0.57 |
| Calmar ratioReturn relative to maximum drawdown | -0.14 | 4.99 | -5.12 |
| Martin ratioReturn relative to average drawdown | -0.20 | 17.56 | -17.76 |
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Drawdowns
MGNI vs. GOOG - Drawdown Comparison
The maximum MGNI drawdown since its inception was -93.30%, which is greater than GOOG's maximum drawdown of -44.60%. Use the drawdown chart below to compare losses from any high point for MGNI and GOOG.
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Drawdown Indicators
| MGNI | GOOG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.30% | -44.60% | -48.70% |
Max Drawdown (1Y)Largest decline over 1 year | -57.77% | -20.75% | -37.02% |
Max Drawdown (3Y)Largest decline over 3 years | -57.95% | -29.35% | -28.60% |
Max Drawdown (5Y)Largest decline over 5 years | -84.35% | -44.60% | -39.75% |
Max Drawdown (10Y)Largest decline over 10 years | -90.65% | -44.60% | -46.05% |
Current DrawdownCurrent decline from peak | -73.71% | -10.19% | -63.52% |
Average DrawdownAverage peak-to-trough decline | -64.84% | -8.89% | -55.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 38.47% | 5.88% | +32.59% |
Volatility
MGNI vs. GOOG - Volatility Comparison
Magnite, Inc. (MGNI) has a higher volatility of 15.85% compared to Alphabet Inc (GOOG) at 7.29%. This indicates that MGNI's price experiences larger fluctuations and is considered to be riskier than GOOG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MGNI | GOOG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.85% | 7.29% | +8.56% |
Volatility (6M)Calculated over the trailing 6-month period | 41.24% | 20.47% | +20.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 57.37% | 28.75% | +28.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 75.01% | 31.15% | +43.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 76.60% | 29.02% | +47.58% |
Dividends
MGNI vs. GOOG - Dividend Comparison
MGNI has not paid dividends to shareholders, while GOOG's dividend yield for the trailing twelve months is around 0.24%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
GOOG Alphabet Inc | 0.24% | 0.26% | 0.32% |
MGNI Magnite, Inc. | 0.00% | 0.00% | 0.00% |
Financials
MGNI vs. GOOG - Financials Comparison
This section allows you to compare key financial metrics between Magnite, Inc. and Alphabet 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
MGNI vs. GOOG - Profitability Comparison
MGNI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Magnite, Inc. reported a gross profit of 103.96M and revenue of 164.37M. Therefore, the gross margin over that period was 63.3%.
GOOG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Alphabet Inc reported a gross profit of 68.63B and revenue of 109.90B. Therefore, the gross margin over that period was 62.5%.
MGNI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Magnite, Inc. reported an operating income of 7.72M and revenue of 164.37M, resulting in an operating margin of 4.7%.
GOOG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Alphabet Inc reported an operating income of 39.70B and revenue of 109.90B, resulting in an operating margin of 36.1%.
MGNI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Magnite, Inc. reported a net income of 4.41M and revenue of 164.37M, resulting in a net margin of 2.7%.
GOOG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Alphabet Inc reported a net income of 62.58B and revenue of 109.90B, resulting in a net margin of 56.9%.
Frequently Asked Questions
MGNI and GOOG have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MGNI has higher volatility (15.85%) compared to GOOG (7.29%). In terms of maximum drawdown, MGNI dropped -93.30% vs GOOG's -44.60%.
GOOG currently has the higher Sharpe Ratio (3.60 vs -0.14), 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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