MPC vs. FRDM

Last updated Jul 17, 2026

MPC (Marathon Petroleum Corporation) is a stock, while FRDM (Freedom 100 Emerging Markets ETF) is Emerging Markets Diversified fund tracking the Life + Liberty Freedom 100 Emerging Markets Index. Over the past 5 years, MPC returned 45.25%/yr vs 17.22%/yr for FRDM. At a 0.32 correlation, their price movements are largely independent.

Performance

MPC vs. FRDM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Marathon Petroleum Corporation (MPC) and Freedom 100 Emerging Markets ETF (FRDM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MPC achieves a 89.73% return, which is significantly higher than FRDM's 28.51% return.

MPC

• 1D: 2.23%
• 1M: 22.11%
• 6M: 73.75%
• YTD: 89.73%
• 1Y: 80.91%
• 3Y*: 40.16%
• 5Y*: 45.25%
• 10Y*: 27.32%

FRDM

• 1D: -2.99%
• 1M: -9.96%
• 6M: 18.89%
• YTD: 28.51%
• 1Y: 65.35%
• 3Y*: 28.85%
• 5Y*: 17.22%
• 10Y*: —

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

MPC vs. FRDM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
MPC Marathon Petroleum Corporation	89.73%	19.17%	-4.06%	30.46%	86.62%	61.00%	-27.38%	18.32%
FRDM Freedom 100 Emerging Markets ETF	28.51%	61.27%	1.70%	22.77%	-14.45%	6.13%	16.90%	12.23%

Correlation

The correlation between MPC and FRDM is -0.05, 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	-0.05
Correlation (3Y) Calculated over the trailing 3-year period	0.10
Correlation (5Y) Calculated over the trailing 5-year period	0.25
Correlation (All Time) Calculated using the full available price history since May 23, 2019	0.32

The correlation between MPC and FRDM shifts across timeframes, from -0.05 (1 year) to 0.32 (all time), reflecting how their relationship changes across market environments.

Return for Risk

MPC vs. FRDM — Risk / Return Rank

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

MPC

MPC Risk / Return Rank: 93
MPC Sharpe Ratio Rank: 95
MPC Sortino Ratio Rank: 92
MPC Omega Ratio Rank: 91
MPC Calmar Ratio Rank: 93
MPC Martin Ratio Rank: 93

FRDM

FRDM Risk / Return Rank: 83
FRDM Sharpe Ratio Rank: 86
FRDM Sortino Ratio Rank: 75
FRDM Omega Ratio Rank: 83
FRDM Calmar Ratio Rank: 87
FRDM Martin Ratio Rank: 84

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.

MPC vs. FRDM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Marathon Petroleum Corporation (MPC) and Freedom 100 Emerging Markets ETF (FRDM). 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.

	MPC	FRDM	Difference
Sharpe ratio: Return per unit of total volatility	2.48	2.22	+0.27
Sortino ratio: Return per unit of downside risk	3.02	2.69	+0.33
Omega ratio: Gain probability vs. loss probability	1.40	1.39	+0.01
Calmar ratio: Return relative to maximum drawdown	4.44	3.89	+0.54
Martin ratio: Return relative to average drawdown	11.98	13.41	-1.43

MPC vs. FRDM - Sharpe Ratio Comparison

The current MPC Sharpe Ratio is 2.48, which is comparable to the FRDM Sharpe Ratio of 2.22. The chart below compares the historical Sharpe Ratios of MPC and FRDM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

MPC vs. FRDM - Drawdown Comparison

The maximum MPC drawdown since its inception was -79.67%, which is greater than FRDM's maximum drawdown of -40.49%. Use the drawdown chart below to compare losses from any high point for MPC and FRDM.

Drawdown Indicators

	MPC	FRDM	Difference
Max Drawdown Largest peak-to-trough decline	-79.67%	-40.49%	-39.18%
Max Drawdown (1Y) Largest decline over 1 year	-18.33%	-16.87%	-1.46%
Max Drawdown (3Y) Largest decline over 3 years	-44.75%	-16.87%	-27.88%
Max Drawdown (5Y) Largest decline over 5 years	-44.75%	-29.25%	-15.50%
Max Drawdown (10Y) Largest decline over 10 years	-79.67%	—	—
Current Drawdown Current decline from peak	0.00%	-13.89%	+13.89%
Average Drawdown Average peak-to-trough decline	-17.25%	-7.08%	-10.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.77%	4.89%	+1.88%

Volatility

MPC vs. FRDM - Volatility Comparison

The current volatility for Marathon Petroleum Corporation (MPC) is 9.20%, while Freedom 100 Emerging Markets ETF (FRDM) has a volatility of 13.07%. This indicates that MPC experiences smaller price fluctuations and is considered to be less risky than FRDM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MPC	FRDM	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.20%	13.07%	-3.87%
Volatility (6M) Calculated over the trailing 6-month period	26.16%	27.60%	-1.44%
Volatility (1Y) Calculated over the trailing 1-year period	32.83%	29.63%	+3.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.16%	22.11%	+11.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	40.02%	23.49%	+16.53%

Dividends

MPC vs. FRDM - Dividend Comparison

MPC's dividend yield for the trailing twelve months is around 1.28%, less than FRDM's 1.69% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FRDM Freedom 100 Emerging Markets ETF	1.69%	2.26%	2.53%	2.66%	2.72%	2.17%	1.11%	1.07%	0.00%	0.00%	0.00%	0.00%
MPC Marathon Petroleum Corporation	1.28%	2.29%	2.43%	2.07%	2.14%	3.63%	5.61%	3.52%	3.12%	2.30%	2.70%	2.20%

Frequently Asked Questions

Can I hold both MPC and FRDM in my portfolio?

MPC and FRDM have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MPC or FRDM?

FRDM has higher volatility (13.07%) compared to MPC (9.20%). In terms of maximum drawdown, MPC dropped -79.67% vs FRDM's -40.49%.

Which has better risk-adjusted returns?

MPC currently has the higher Sharpe Ratio (2.48 vs 2.22), 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.