MKTX vs. NKE

Last updated Jun 4, 2026

MKTX (MarketAxess Holdings Inc.) and NKE (NIKE, Inc.) are both stocks. MKTX operates in Capital Markets (Financial Services), while NKE operates in Footwear & Accessories (Consumer Cyclical). Over the past 10 years, MKTX returned -0.43%/yr vs -0.61%/yr for NKE. At a 0.30 correlation, their price movements are largely independent.

Performance

MKTX vs. NKE - Performance Comparison

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

Returns By Period

The year-to-date returns for both investments are quite close, with MKTX having a -31.47% return and NKE slightly higher at -30.16%. Over the past 10 years, MKTX has outperformed NKE with an annualized return of -0.43%, while NKE has yielded a comparatively lower -0.61% 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%

NKE

• 1D: 0.18%
• 1M: 2.58%
• YTD: -30.16%
• 6M: -32.22%
• 1Y: -27.83%
• 3Y*: -24.37%
• 5Y*: -18.67%
• 10Y*: -0.61%

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

MKTX vs. NKE - 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%
NKE NIKE, Inc.	-30.16%	-13.83%	-29.11%	-6.01%	-29.04%	18.70%	40.97%	38.09%	19.87%	24.70%

Correlation

The correlation between MKTX and NKE is 0.01, 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	0.01
Correlation (3Y) Calculated over the trailing 3-year period	0.10
Correlation (5Y) Calculated over the trailing 5-year period	0.23
Correlation (10Y) Calculated over the trailing 10-year period	0.23
Correlation (All Time) Calculated using the full available price history since Nov 8, 2004	0.30

Over the past year, the correlation between MKTX and NKE has dropped to 0.01 - well below their long-term average of 0.30, suggesting their price drivers have been diverging.

Fundamentals

Market Cap MKTX : $4.35B NKE : $64.86B
EPS MKTX : $8.45 NKE : $1.52
PE Ratio MKTX : 14.56 NKE : 28.81
PS Ratio MKTX : 5.15 NKE : 1.39
PB Ratio MKTX : 3.66 NKE : 4.60
Total Revenue (TTM) MKTX : $875.65M NKE : $46.52B
Gross Profit (TTM) MKTX : $606.31M NKE : $18.99B
EBITDA (TTM) MKTX : $456.55M NKE : $3.33B

Return for Risk

MKTX vs. NKE — 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

NKE

NKE Risk / Return Rank: 13
NKE Sharpe Ratio Rank: 10
NKE Sortino Ratio Rank: 12
NKE Omega Ratio Rank: 12
NKE Calmar Ratio Rank: 19
NKE Martin Ratio Rank: 14

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. NKE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MarketAxess Holdings Inc. (MKTX) and NIKE, Inc. (NKE). 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	NKE	Difference
Sharpe ratio: Return per unit of total volatility	-1.54	-0.73	-0.81
Sortino ratio: Return per unit of downside risk	-2.36	-0.91	-1.45
Omega ratio: Gain probability vs. loss probability	0.72	0.88	-0.16
Calmar ratio: Return relative to maximum drawdown	-0.93	-0.60	-0.33
Martin ratio: Return relative to average drawdown	-1.84	-1.19	-0.65
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. NKE - Sharpe Ratio Comparison

The current MKTX Sharpe Ratio is -1.54, which is lower than the NKE Sharpe Ratio of -0.73. The chart below compares the historical Sharpe Ratios of MKTX and NKE, 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	NKE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-1.54	-0.73	-0.81
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.67	-0.52	-0.14
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.01	-0.02	+0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.24	0.41	-0.17

Drawdowns

MKTX vs. NKE - Drawdown Comparison

The maximum MKTX drawdown since its inception was -80.60%, which is greater than NKE's maximum drawdown of -75.19%. Use the drawdown chart below to compare losses from any high point for MKTX and NKE.

Drawdown Indicators

	MKTX	NKE	Difference
Max Drawdown Largest peak-to-trough decline	-80.60%	-75.19%	-5.41%
Max Drawdown (1Y) Largest decline over 1 year	-44.79%	-46.18%	+1.39%
Max Drawdown (3Y) Largest decline over 3 years	-56.90%	-64.21%	+7.31%
Max Drawdown (5Y) Largest decline over 5 years	-73.37%	-74.64%	+1.27%
Max Drawdown (10Y) Largest decline over 10 years	-77.71%	-74.64%	-3.07%
Current Drawdown Current decline from peak	-77.71%	-73.24%	-4.47%
Average Drawdown Average peak-to-trough decline	-28.67%	-20.90%	-7.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	22.67%	23.33%	-0.66%

Volatility

MKTX vs. NKE - Volatility Comparison

The current volatility for MarketAxess Holdings Inc. (MKTX) is 8.75%, while NIKE, Inc. (NKE) has a volatility of 9.55%. This indicates that MKTX experiences smaller price fluctuations and is considered to be less risky than NKE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MKTX	NKE	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.75%	9.55%	-0.80%
Volatility (6M) Calculated over the trailing 6-month period	19.78%	29.22%	-9.44%
Volatility (1Y) Calculated over the trailing 1-year period	27.12%	38.14%	-11.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.92%	35.81%	-2.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.54%	32.25%	+0.29%

Dividends

MKTX vs. NKE - Dividend Comparison

MKTX's dividend yield for the trailing twelve months is around 2.50%, less than NKE's 3.72% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
NKE NIKE, Inc.	3.72%	2.53%	2.00%	1.28%	1.07%	0.68%	0.71%	0.89%	1.11%	1.18%	1.30%	0.93%

Financials

MKTX vs. NKE - Profitability Comparison

The chart below illustrates the profitability comparison between MarketAxess Holdings Inc. and NIKE, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

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%.

NKE - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, NIKE, Inc. reported a gross profit of 4.53B and revenue of 11.28B. Therefore, the gross margin over that period was 40.2%.

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%.

NKE - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, NIKE, Inc. reported an operating income of 553.00M and revenue of 11.28B, resulting in an operating margin of 4.9%.

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%.

NKE - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, NIKE, Inc. reported a net income of 520.00M and revenue of 11.28B, resulting in a net margin of 4.6%.

Frequently Asked Questions

Can I hold both MKTX and NKE in my portfolio?

MKTX and NKE have a correlation of 0.01, 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 NKE?

NKE has higher volatility (9.55%) compared to MKTX (8.75%). In terms of maximum drawdown, MKTX dropped -80.60% vs NKE's -75.19%.

Which has better risk-adjusted returns?

NKE currently has the higher Sharpe Ratio (-0.73 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.