MKTX vs. IBKR

Last updated Jun 4, 2026

MKTX (MarketAxess Holdings Inc.) and IBKR (Interactive Brokers Group, Inc.) are both stocks. Both operate in the Capital Markets industry within the Financial Services sector. Over the past 10 years, MKTX returned -0.43%/yr vs 25.27%/yr for IBKR. At a 0.30 correlation, their price movements are largely independent.

Performance

MKTX vs. IBKR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MarketAxess Holdings Inc. (MKTX) and Interactive Brokers Group, Inc. (IBKR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MKTX achieves a -31.47% return, which is significantly lower than IBKR's 35.80% return. Over the past 10 years, MKTX has underperformed IBKR with an annualized return of -0.43%, while IBKR has yielded a comparatively higher 25.27% 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%

IBKR

• 1D: -1.77%
• 1M: 6.75%
• YTD: 35.80%
• 6M: 34.44%
• 1Y: 68.44%
• 3Y*: 63.87%
• 5Y*: 39.33%
• 10Y*: 25.27%

*Multi-year figures are annualized to reflect compound growth (CAGR)

MKTX vs. IBKR - 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%
IBKR Interactive Brokers Group, Inc.	35.80%	46.37%	114.43%	15.14%	-8.35%	31.12%	31.71%	-14.01%	-7.13%	63.75%

Correlation

The correlation between MKTX and IBKR is -0.08, 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	-0.08
Correlation (3Y) Calculated over the trailing 3-year period	-0.04
Correlation (5Y) Calculated over the trailing 5-year period	0.11
Correlation (10Y) Calculated over the trailing 10-year period	0.19
Correlation (All Time) Calculated using the full available price history since May 7, 2007	0.30

The correlation between MKTX and IBKR shifts across timeframes, from -0.08 (1 year) to 0.30 (all time), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap MKTX : $4.35B IBKR : $39.08B
EPS MKTX : $8.45 IBKR : $3.76
PE Ratio MKTX : 14.56 IBKR : 23.21
PS Ratio MKTX : 5.15 IBKR : 4.47
PB Ratio MKTX : 3.66 IBKR : 1.84
Total Revenue (TTM) MKTX : $875.65M IBKR : $8.69B
Gross Profit (TTM) MKTX : $606.31M IBKR : $7.75B
EBITDA (TTM) MKTX : $456.55M IBKR : $7.07B

Return for Risk

MKTX vs. IBKR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MKTX

MKTX Risk / Return Rank: 2
MKTX Sharpe Ratio Rank: 0
MKTX Sortino Ratio Rank: 1
MKTX Omega Ratio Rank: 2
MKTX Calmar Ratio Rank: 4
MKTX Martin Ratio Rank: 1

IBKR

IBKR Risk / Return Rank: 83
IBKR Sharpe Ratio Rank: 86
IBKR Sortino Ratio Rank: 81
IBKR Omega Ratio Rank: 79
IBKR Calmar Ratio Rank: 86
IBKR Martin Ratio Rank: 85

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MKTX vs. IBKR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MarketAxess Holdings Inc. (MKTX) and Interactive Brokers Group, Inc. (IBKR). 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	IBKR	Difference
Sharpe ratio Return per unit of total volatility	-1.54	1.84	-3.39
Sortino ratio Return per unit of downside risk	-2.36	2.44	-4.79
Omega ratio Gain probability vs. loss probability	0.72	1.30	-0.58
Calmar ratio Return relative to maximum drawdown	-0.93	3.68	-4.61
Martin ratio Return relative to average drawdown	-1.84	9.33	-11.17
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MKTX vs. IBKR - Sharpe Ratio Comparison

The current MKTX Sharpe Ratio is -1.54, which is lower than the IBKR Sharpe Ratio of 1.84. The chart below compares the historical Sharpe Ratios of MKTX and IBKR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	MKTX	IBKR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-1.54	1.84	-3.39
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.67	1.15	-1.82
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.01	0.76	-0.77
Sharpe Ratio (All Time) Calculated using the full available price history	0.24	0.44	-0.20

Drawdowns

MKTX vs. IBKR - Drawdown Comparison

The maximum MKTX drawdown since its inception was -80.60%, which is greater than IBKR's maximum drawdown of -63.66%. Use the drawdown chart below to compare losses from any high point for MKTX and IBKR.

Drawdown Indicators

	MKTX	IBKR	Difference
Max Drawdown Largest peak-to-trough decline	-80.60%	-63.66%	-16.94%
Max Drawdown (1Y) Largest decline over 1 year	-44.79%	-18.70%	-26.09%
Max Drawdown (3Y) Largest decline over 3 years	-56.90%	-38.66%	-18.24%
Max Drawdown (5Y) Largest decline over 5 years	-73.37%	-38.66%	-34.71%
Max Drawdown (10Y) Largest decline over 10 years	-77.71%	-55.09%	-22.62%
Current Drawdown Current decline from peak	-77.71%	-1.77%	-75.94%
Average Drawdown Average peak-to-trough decline	-28.67%	-24.74%	-3.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	22.67%	7.36%	+15.31%

Volatility

MKTX vs. IBKR - Volatility Comparison

The current volatility for MarketAxess Holdings Inc. (MKTX) is 8.75%, while Interactive Brokers Group, Inc. (IBKR) has a volatility of 10.98%. This indicates that MKTX experiences smaller price fluctuations and is considered to be less risky than IBKR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MKTX	IBKR	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.75%	10.98%	-2.23%
Volatility (6M) Calculated over the trailing 6-month period	19.78%	27.35%	-7.57%
Volatility (1Y) Calculated over the trailing 1-year period	27.12%	37.35%	-10.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.92%	34.42%	-1.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.54%	33.34%	-0.80%

Dividends

MKTX vs. IBKR - Dividend Comparison

MKTX's dividend yield for the trailing twelve months is around 2.50%, more than IBKR's 0.38% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IBKR Interactive Brokers Group, Inc.	0.38%	0.47%	0.48%	0.48%	0.55%	0.50%	0.66%	0.86%	0.73%	0.68%	1.10%	0.92%
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

Frequently Asked Questions

Can I hold both MKTX and IBKR in my portfolio?

MKTX and IBKR have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MKTX or IBKR?

IBKR has higher volatility (10.98%) compared to MKTX (8.75%). In terms of maximum drawdown, MKTX dropped -80.60% vs IBKR's -63.66%.

Which has better risk-adjusted returns?

IBKR currently has the higher Sharpe Ratio (1.84 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.