MKTX vs. FIVN
MKTX (MarketAxess Holdings Inc.) and FIVN (Five9, Inc.) are both stocks. MKTX operates in Capital Markets (Financial Services), while FIVN operates in Software - Infrastructure (Technology). Over the past 10 years, MKTX returned -0.43%/yr vs 7.59%/yr for FIVN. At a 0.23 correlation, their price movements are largely independent.
Performance
MKTX vs. FIVN - Performance Comparison
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Returns By Period
In the year-to-date period, MKTX achieves a -31.47% return, which is significantly lower than FIVN's 19.45% return. Over the past 10 years, MKTX has underperformed FIVN with an annualized return of -0.43%, while FIVN has yielded a comparatively higher 7.59% annualized return.
MKTX
- 1D
- -0.16%
- 1M
- -20.16%
- YTD
- -31.47%
- 6M
- -22.23%
- 1Y
- -41.67%
- 3Y*
- -22.91%
- 5Y*
- -21.85%
- 10Y*
- -0.43%
FIVN
- 1D
- -4.31%
- 1M
- 2.61%
- YTD
- 19.45%
- 6M
- 17.11%
- 1Y
- -13.63%
- 3Y*
- -30.16%
- 5Y*
- -31.25%
- 10Y*
- 7.59%
MKTX vs. FIVN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MKTX MarketAxess Holdings Inc. | -31.47% | -18.54% | -21.58% | 6.11% | -31.50% | -27.51% | 51.28% | 80.66% | 5.63% | 38.28% |
FIVN Five9, Inc. | 19.45% | -50.66% | -48.35% | 15.96% | -50.58% | -21.26% | 165.93% | 50.00% | 75.72% | 75.33% |
Correlation
The correlation between MKTX and FIVN is 0.04, 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 | 0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Apr 7, 2014 | 0.23 |
The correlation between MKTX and FIVN shifts across timeframes, from 0.04 (1 year) to 0.24 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
MKTX:
$4.35B
FIVN:
$2.07B
MKTX:
$8.45
FIVN:
$0.65
MKTX:
14.56
FIVN:
36.59
MKTX:
5.15
FIVN:
1.78
MKTX:
3.66
FIVN:
2.49
MKTX:
$875.65M
FIVN:
$1.17B
MKTX:
$606.31M
FIVN:
$644.83M
MKTX:
$456.55M
FIVN:
$179.58M
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Return for Risk
MKTX vs. FIVN — Risk / Return Rank
MKTX
FIVN
MKTX vs. FIVN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MarketAxess Holdings Inc. (MKTX) and Five9, Inc. (FIVN). 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.
| MKTX | FIVN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.32 | ||
| Sortino ratioReturn per unit of downside risk | -2.44 | ||
| Omega ratioGain probability vs. loss probability | 0.72 | 1.01 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | -0.93 | -0.25 | -0.68 |
| Martin ratioReturn relative to average drawdown | -1.84 | -0.45 | -1.39 |
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
| MKTX | FIVN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.54 | -0.23 | -1.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.67 | -0.56 | -0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.01 | 0.15 | -0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.24 | 0.19 | +0.05 |
Drawdowns
MKTX vs. FIVN - Drawdown Comparison
The maximum MKTX drawdown since its inception was -80.60%, smaller than the maximum FIVN drawdown of -93.51%. Use the drawdown chart below to compare losses from any high point for MKTX and FIVN.
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Drawdown Indicators
| MKTX | FIVN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.60% | -93.51% | +12.91% |
Max Drawdown (1Y)Largest decline over 1 year | -44.79% | -53.96% | +9.17% |
Max Drawdown (3Y)Largest decline over 3 years | -56.90% | -84.52% | +27.62% |
Max Drawdown (5Y)Largest decline over 5 years | -73.37% | -93.51% | +20.14% |
Max Drawdown (10Y)Largest decline over 10 years | -77.71% | -93.51% | +15.80% |
Current DrawdownCurrent decline from peak | -77.71% | -88.58% | +10.87% |
Average DrawdownAverage peak-to-trough decline | -28.67% | -35.21% | +6.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.67% | 30.04% | -7.37% |
Volatility
MKTX vs. FIVN - Volatility Comparison
The current volatility for MarketAxess Holdings Inc. (MKTX) is 8.75%, while Five9, Inc. (FIVN) has a volatility of 19.88%. This indicates that MKTX experiences smaller price fluctuations and is considered to be less risky than FIVN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MKTX | FIVN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.75% | 19.88% | -11.13% |
Volatility (6M)Calculated over the trailing 6-month period | 19.78% | 48.68% | -28.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.12% | 60.85% | -33.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.92% | 55.75% | -22.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.54% | 50.84% | -18.30% |
Dividends
MKTX vs. FIVN - Dividend Comparison
MKTX's dividend yield for the trailing twelve months is around 2.50%, while FIVN has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIVN Five9, 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% |
MKTX MarketAxess Holdings Inc. | 2.50% | 1.68% | 1.64% | 0.98% | 1.00% | 0.64% | 0.42% | 0.54% | 0.80% | 0.65% | 0.71% | 0.72% |
Financials
MKTX vs. FIVN - Financials Comparison
This section allows you to compare key financial metrics between MarketAxess Holdings Inc. and Five9, 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
MKTX vs. FIVN - Profitability Comparison
MKTX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, MarketAxess Holdings Inc. reported a gross profit of 159.37M and revenue of 233.38M. Therefore, the gross margin over that period was 68.3%.
FIVN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Five9, Inc. reported a gross profit of 170.53M and revenue of 305.32M. Therefore, the gross margin over that period was 55.9%.
MKTX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, MarketAxess Holdings Inc. reported an operating income of 100.92M and revenue of 233.38M, resulting in an operating margin of 43.2%.
FIVN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Five9, Inc. reported an operating income of 18.49M and revenue of 305.32M, resulting in an operating margin of 6.1%.
MKTX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, MarketAxess Holdings Inc. reported a net income of 78.11M and revenue of 233.38M, resulting in a net margin of 33.5%.
FIVN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Five9, Inc. reported a net income of 18.41M and revenue of 305.32M, resulting in a net margin of 6.0%.
Frequently Asked Questions
MKTX and FIVN have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FIVN has higher volatility (19.88%) compared to MKTX (8.75%). In terms of maximum drawdown, MKTX dropped -80.60% vs FIVN's -93.51%.
FIVN currently has the higher Sharpe Ratio (-0.23 vs -1.54), 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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