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MKTX vs. TW
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility
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MKTX vs. TW

Last updated May 15, 2025

Compare and contrast key facts about MarketAxess Holdings Inc. (MKTX) and Tradeweb Markets Inc. (TW).

Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MKTX or TW.

Correlation

The correlation between MKTX and TW is 0.37, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Performance

MKTX vs. TW - Performance Comparison

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

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Key characteristics

Sharpe Ratio

MKTX:

0.15

TW:

1.05

Sortino Ratio

MKTX:

0.40

TW:

1.41

Omega Ratio

MKTX:

1.05

TW:

1.22

Calmar Ratio

MKTX:

0.06

TW:

1.72

Martin Ratio

MKTX:

0.21

TW:

5.57

Ulcer Index

MKTX:

17.82%

TW:

4.89%

Daily Std Dev

MKTX:

30.00%

TW:

25.33%

Max Drawdown

MKTX:

-80.60%

TW:

-48.64%

Current Drawdown

MKTX:

-62.73%

TW:

-6.05%

Fundamentals

Market Cap

MKTX:

$7.99B

TW:

$30.89B

EPS

MKTX:

$5.76

TW:

$2.43

PE Ratio

MKTX:

37.00

TW:

58.19

PEG Ratio

MKTX:

2.92

TW:

4.05

PS Ratio

MKTX:

9.80

TW:

16.94

PB Ratio

MKTX:

5.93

TW:

5.09

Total Revenue (TTM)

MKTX:

$814.94M

TW:

$1.83B

Gross Profit (TTM)

MKTX:

$564.50M

TW:

$1.29B

EBITDA (TTM)

MKTX:

$424.31M

TW:

$1.02B

Returns By Period

In the year-to-date period, MKTX achieves a -6.37% return, which is significantly lower than TW's 7.04% return.

MKTX

YTD

-6.37%

1M

-5.22%

6M

-20.55%

1Y

4.52%

5Y*

-14.75%

10Y*

10.12%

TW

YTD

7.04%

1M

6.68%

6M

10.10%

1Y

26.28%

5Y*

18.75%

10Y*

N/A

*Annualized

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Risk-Adjusted Performance

MKTX vs. TW — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
MKTX
The Risk-Adjusted Performance Rank of MKTX is 5252
Overall Rank
The Sharpe Ratio Rank of MKTX is 5858
Sharpe Ratio Rank
The Sortino Ratio Rank of MKTX is 4848
Sortino Ratio Rank
The Omega Ratio Rank of MKTX is 4747
Omega Ratio Rank
The Calmar Ratio Rank of MKTX is 5353
Calmar Ratio Rank
The Martin Ratio Rank of MKTX is 5353
Martin Ratio Rank
TW
The Risk-Adjusted Performance Rank of TW is 8484
Overall Rank
The Sharpe Ratio Rank of TW is 8585
Sharpe Ratio Rank
The Sortino Ratio Rank of TW is 7676
Sortino Ratio Rank
The Omega Ratio Rank of TW is 7979
Omega Ratio Rank
The Calmar Ratio Rank of TW is 9191
Calmar Ratio Rank
The Martin Ratio Rank of TW is 8888
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

MKTX vs. TW - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for MarketAxess Holdings Inc. (MKTX) and Tradeweb Markets Inc. (TW). 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.

The current MKTX Sharpe Ratio is 0.15, which is lower than the TW Sharpe Ratio of 1.05. The chart below compares the historical Sharpe Ratios of MKTX and TW, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Dividends

MKTX vs. TW - Dividend Comparison

MKTX's dividend yield for the trailing twelve months is around 1.41%, more than TW's 0.30% yield.

TTM20242023202220212020201920182017201620152014
MKTX
MarketAxess Holdings Inc.		1.41%1.31%0.98%1.00%0.64%0.42%0.54%0.80%0.65%0.71%0.72%0.89%
TW
Tradeweb Markets Inc.		0.30%0.31%0.40%0.49%0.32%0.51%0.52%0.00%0.00%0.00%0.00%0.00%

Drawdowns

MKTX vs. TW - Drawdown Comparison

The maximum MKTX drawdown since its inception was -80.60%, which is greater than TW's maximum drawdown of -48.64%. Use the drawdown chart below to compare losses from any high point for MKTX and TW. For additional features, visit the drawdowns tool.

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Volatility

MKTX vs. TW - Volatility Comparison

MarketAxess Holdings Inc. (MKTX) and Tradeweb Markets Inc. (TW) have volatilities of 7.77% and 7.73%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Financials

MKTX vs. TW - Financials Comparison

This section allows you to compare key financial metrics between MarketAxess Holdings Inc. and Tradeweb Markets 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.

Quarterly
Annual

Total Revenue: Total amount of money received from sales and other business activities

200.00M300.00M400.00M500.00M20212022202320242025
208.58M
509.68M
(MKTX) Total Revenue
(TW) Total Revenue
Values in USD except per share items

MKTX vs. TW - Profitability Comparison

The chart below illustrates the profitability comparison between MarketAxess Holdings Inc. and Tradeweb Markets Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.
Gross Margin
Operating Margin
Net Margin
Quarterly
Annual
60.0%65.0%70.0%75.0%80.0%85.0%20212022202320242025
68.6%
65.3%
(MKTX) Gross Margin
(TW) Gross Margin
MKTX - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, MarketAxess Holdings Inc. reported a gross profit of 143.04M and revenue of 208.58M. Therefore, the gross margin over that period was 68.6%.

TW - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, Tradeweb Markets Inc. reported a gross profit of 332.80M and revenue of 509.68M. Therefore, the gross margin over that period was 65.3%.

MKTX - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, MarketAxess Holdings Inc. reported an operating income of 88.38M and revenue of 208.58M, resulting in an operating margin of 42.4%.

TW - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, Tradeweb Markets Inc. reported an operating income of 204.10M and revenue of 509.68M, resulting in an operating margin of 40.1%.

MKTX - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, MarketAxess Holdings Inc. reported a net income of 15.07M and revenue of 208.58M, resulting in a net margin of 7.2%.

TW - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, Tradeweb Markets Inc. reported a net income of 148.38M and revenue of 509.68M, resulting in a net margin of 29.1%.