MKTX vs. VGT
MKTX (MarketAxess Holdings Inc.) is a stock, while VGT (Vanguard Information Technology ETF) is Technology Equities fund tracking the MSCI USA IMI Information Technology 25/50 Index. Over the past 10 years, MKTX returned 1.02%/yr vs 24.06%/yr for VGT. Their 0.39 correlation means their historical movements had little consistent relationship.
Performance
MKTX vs. VGT - Performance Comparison
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Returns By Period
In the year-to-date period, MKTX achieves a -9.56% return, which is significantly lower than VGT's 20.36% return. Over the past 10 years, MKTX has underperformed VGT with an annualized return of 1.02%, while VGT has yielded a comparatively higher 24.06% annualized return.
MKTX
- 1D
- -0.28%
- 1M
- 39.28%
- 6M
- -3.14%
- YTD
- -9.56%
- 1Y
- -20.43%
- 3Y*
- -13.54%
- 5Y*
- -18.28%
- 10Y*
- 1.02%
- ALL TIME*
- 13.60%
VGT
- 1D
- -0.38%
- 1M
- -1.30%
- 6M
- 21.30%
- YTD
- 20.36%
- 1Y
- 34.81%
- 3Y*
- 26.48%
- 5Y*
- 17.81%
- 10Y*
- 24.06%
- ALL TIME*
- 14.84%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $282.10M | $167.19M | $119.48M | |
| $440.89M | $515.41M | $573.34M |
MKTX vs. VGT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MKTX MarketAxess Holdings Inc. | -9.56% | -18.54% | -21.58% | 6.11% | -31.50% | -27.51% | 51.28% | 80.66% | 5.63% | 38.28% |
VGT Vanguard Information Technology ETF | 20.36% | 21.77% | 29.30% | 52.66% | -29.70% | 30.45% | 46.04% | 48.62% | 2.46% | 37.08% |
Correlation
The correlation between MKTX and VGT is -0.23, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.23 |
Correlation (3Y) Balances recent behavior with more history. | -0.04 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.21 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.28 |
Correlation (All Time) Calculated using the full available price history since Nov 5, 2004 | 0.39 |
The correlation between MKTX and VGT shifts across timeframes, from -0.23 (1 year) to 0.39 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
MKTX vs. VGT — Risk / Return Rank
MKTX
VGT
MKTX vs. VGT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MarketAxess Holdings Inc. (MKTX) and Vanguard Information Technology ETF (VGT). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MKTX | VGT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.78 | ||
| Sortino ratioReturn per unit of downside risk | -2.44 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.23 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | -0.42 | 1.94 | -2.36 |
| Martin ratioReturn relative to average drawdown | -0.81 | 5.23 | -6.04 |
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Drawdowns
MKTX vs. VGT - Drawdown Comparison
The maximum MKTX drawdown since its inception was -80.60%, which is greater than VGT's maximum drawdown of -54.63%. Use the drawdown chart below to compare losses from any high point for MKTX and VGT.
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Drawdown Indicators
| MKTX | VGT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.60% | -54.63% | -25.97% |
Max Drawdown (1Y)Largest decline over 1 year | -46.94% | -16.40% | -30.54% |
Max Drawdown (3Y)Largest decline over 3 years | -61.77% | -27.23% | -34.54% |
Max Drawdown (5Y)Largest decline over 5 years | -76.38% | -35.07% | -41.31% |
Max Drawdown (10Y)Largest decline over 10 years | -80.23% | -35.07% | -45.16% |
Current DrawdownCurrent decline from peak | -70.58% | -9.93% | -60.65% |
Average DrawdownAverage peak-to-trough decline | -29.03% | -7.95% | -21.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.16% | 6.07% | +18.09% |
Volatility
MKTX vs. VGT - Volatility Comparison
MarketAxess Holdings Inc. (MKTX) has a higher volatility of 26.38% compared to Vanguard Information Technology ETF (VGT) at 8.42%. This indicates that MKTX's price experiences larger fluctuations and is considered to be riskier than VGT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MKTX | VGT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 26.38% | 8.42% | +17.96% |
Volatility (6M)Calculated over the trailing 6-month period | 33.85% | 20.14% | +13.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 41.52% | 24.28% | +17.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.71% | 25.83% | +9.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.96% | 24.89% | +9.07% |
Dividends
MKTX vs. VGT - Dividend Comparison
MKTX's dividend yield for the trailing twelve months is around 1.90%, more than VGT's 0.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MKTX MarketAxess Holdings Inc. | 1.90% | 1.68% | 1.64% | 0.98% | 1.00% | 0.64% | 0.42% | 0.54% | 0.80% | 0.65% | 0.71% | 0.72% |
VGT Vanguard Information Technology ETF | 0.38% | 0.40% | 0.60% | 0.65% | 0.91% | 0.64% | 0.82% | 1.11% | 1.29% | 0.99% | 1.31% | 1.28% |
Frequently Asked Questions
MKTX and VGT have a correlation of -0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MKTX has higher volatility (26.38%) compared to VGT (8.42%). In terms of maximum drawdown, MKTX dropped -80.60% vs VGT's -54.63%.
VGT currently has the higher Sharpe Ratio (1.31 vs -0.47), 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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