MGNI vs. PUBM
MGNI (Magnite, Inc.) and PUBM (PubMatic, Inc.) are both stocks. MGNI operates in Advertising Agencies (Communication Services), while PUBM operates in Software - Application (Technology). Over the past 5 years, MGNI returned -12.45%/yr vs -15.78%/yr for PUBM. A 0.63 correlation means they provide meaningful diversification when combined.
Performance
MGNI vs. PUBM - Performance Comparison
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Returns By Period
In the year-to-date period, MGNI achieves a -8.50% return, which is significantly lower than PUBM's 35.74% return.
MGNI
- 1D
- -3.45%
- 1M
- 8.24%
- YTD
- -8.50%
- 6M
- 3.12%
- 1Y
- -10.97%
- 3Y*
- 3.77%
- 5Y*
- -12.45%
- 10Y*
- 0.12%
PUBM
- 1D
- -1.47%
- 1M
- 17.69%
- YTD
- 35.74%
- 6M
- 32.89%
- 1Y
- 1.35%
- 3Y*
- -12.82%
- 5Y*
- -15.78%
- 10Y*
- —
MGNI vs. PUBM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
MGNI Magnite, Inc. | -8.50% | 1.95% | 70.45% | -11.80% | -39.49% | -43.02% | 65.46% |
PUBM PubMatic, Inc. | 35.74% | -39.62% | -9.93% | 27.32% | -62.38% | 21.78% | -5.06% |
Correlation
The correlation between MGNI and PUBM is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Dec 10, 2020 | 0.63 |
The correlation between MGNI and PUBM has been stable across timeframes, ranging from 0.58 to 0.66 - a consistent structural relationship.
Fundamentals
MGNI:
$2.20B
PUBM:
$567.32M
MGNI:
$1.05
PUBM:
-$0.37
MGNI:
3.10
PUBM:
2.03
MGNI:
2.40
PUBM:
2.26
MGNI:
$722.55M
PUBM:
$281.67M
MGNI:
$458.33M
PUBM:
$178.08M
MGNI:
$150.13M
PUBM:
$12.80M
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Return for Risk
MGNI vs. PUBM — Risk / Return Rank
MGNI
PUBM
MGNI vs. PUBM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Magnite, Inc. (MGNI) and PubMatic, Inc. (PUBM). 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.
| MGNI | PUBM | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.19 | 0.02 | -0.21 |
Sortino ratioReturn per unit of downside risk | 0.11 | 0.59 | -0.47 |
Omega ratioGain probability vs. loss probability | 1.01 | 1.08 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | -0.16 | 0.05 | -0.21 |
Martin ratioReturn relative to average drawdown | -0.24 | 0.08 | -0.33 |
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
| MGNI | PUBM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.19 | 0.02 | -0.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.17 | -0.24 | +0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.00 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.03 | -0.21 | +0.18 |
Drawdowns
MGNI vs. PUBM - Drawdown Comparison
The maximum MGNI drawdown since its inception was -93.30%, roughly equal to the maximum PUBM drawdown of -91.02%. Use the drawdown chart below to compare losses from any high point for MGNI and PUBM.
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Drawdown Indicators
| MGNI | PUBM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.30% | -91.02% | -2.28% |
Max Drawdown (1Y)Largest decline over 1 year | -57.77% | -54.06% | -3.71% |
Max Drawdown (3Y)Largest decline over 3 years | -57.95% | -73.86% | +15.91% |
Max Drawdown (5Y)Largest decline over 5 years | -84.35% | -85.21% | +0.86% |
Max Drawdown (10Y)Largest decline over 10 years | -90.65% | — | — |
Current DrawdownCurrent decline from peak | -75.97% | -82.78% | +6.81% |
Average DrawdownAverage peak-to-trough decline | -64.83% | -70.67% | +5.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 37.72% | 34.29% | +3.43% |
Volatility
MGNI vs. PUBM - Volatility Comparison
Magnite, Inc. (MGNI) has a higher volatility of 17.28% compared to PubMatic, Inc. (PUBM) at 14.16%. This indicates that MGNI's price experiences larger fluctuations and is considered to be riskier than PUBM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MGNI | PUBM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.28% | 14.16% | +3.12% |
Volatility (6M)Calculated over the trailing 6-month period | 40.54% | 32.82% | +7.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 56.80% | 69.51% | -12.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 75.23% | 66.39% | +8.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 76.58% | 72.55% | +4.03% |
Dividends
MGNI vs. PUBM - Dividend Comparison
Neither MGNI nor PUBM has paid dividends to shareholders.
Financials
MGNI vs. PUBM - Financials Comparison
This section allows you to compare key financial metrics between Magnite, Inc. and PubMatic, 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. PUBM - 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%.
PUBM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, PubMatic, Inc. reported a gross profit of 36.47M and revenue of 62.57M. Therefore, the gross margin over that period was 58.3%.
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%.
PUBM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, PubMatic, Inc. reported an operating income of -15.27M and revenue of 62.57M, resulting in an operating margin of -24.4%.
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%.
PUBM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, PubMatic, Inc. reported a net income of -12.51M and revenue of 62.57M, resulting in a net margin of -20.0%.
Frequently Asked Questions
MGNI and PUBM have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MGNI has higher volatility (17.28%) compared to PUBM (14.16%). In terms of maximum drawdown, MGNI dropped -93.30% vs PUBM's -91.02%.
PUBM currently has the higher Sharpe Ratio (0.02 vs -0.19), 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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