MRX vs. APLD

Last updated Jul 17, 2026

MRX (Marex Group PLC) and APLD (Applied Digital Corporation) are both stocks. MRX operates in Capital Markets (Financial Services), while APLD operates in Information Technology Services (Technology). At a 0.34 correlation, their price movements are largely independent.

Performance

MRX vs. APLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Marex Group PLC (MRX) and Applied Digital Corporation (APLD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

MRX

• 1D: -2.34%
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

APLD

• 1D: -8.92%
• 1M: -42.86%
• 6M: -24.93%
• YTD: 7.83%
• 1Y: 162.82%
• 3Y*: 51.99%
• 5Y*: 80.24%
• 10Y*: 119.90%

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

MRX vs. APLD - Yearly Performance Comparison

	2026 (YTD)
MRX Marex Group PLC	4.27%
APLD Applied Digital Corporation	-29.12%

Correlation

The correlation between MRX and APLD is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 1, 2026	0.34

Fundamentals

Market Cap MRX : $4.57B APLD : $7.56B
EPS MRX : $6.91 APLD : -$0.72
PS Ratio MRX : 0.74 APLD : 17.92
PB Ratio MRX : 4.15 APLD : 4.56
Total Revenue (TTM) MRX : $6.52B APLD : $390.57M
Gross Profit (TTM) MRX : $4.00B APLD : $124.93M
EBITDA (TTM) MRX : $2.07B APLD : -$154.66M

Return for Risk

MRX vs. APLD — Risk / Return Rank

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

MRX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

APLD

APLD Risk / Return Rank: 85
APLD Sharpe Ratio Rank: 85
APLD Sortino Ratio Rank: 86
APLD Omega Ratio Rank: 81
APLD Calmar Ratio Rank: 87
APLD Martin Ratio Rank: 86

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.

MRX vs. APLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Marex Group PLC (MRX) and Applied Digital Corporation (APLD). 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.

	MRX	APLD	Difference
Sharpe ratio: Return per unit of total volatility	—	1.53	—
Sortino ratio: Return per unit of downside risk	—	2.46	—
Omega ratio: Gain probability vs. loss probability	—	1.28	—
Calmar ratio: Return relative to maximum drawdown	—	3.26	—
Martin ratio: Return relative to average drawdown	—	7.42	—

Drawdowns

MRX vs. APLD - Drawdown Comparison

The maximum MRX drawdown since its inception was -9.59%, smaller than the maximum APLD drawdown of -99.73%. Use the drawdown chart below to compare losses from any high point for MRX and APLD.

Drawdown Indicators

	MRX	APLD	Difference
Max Drawdown Largest peak-to-trough decline	-9.59%	-99.73%	+90.14%
Max Drawdown (1Y) Largest decline over 1 year	—	-50.31%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-76.66%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-82.61%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-89.80%	—
Current Drawdown Current decline from peak	-9.59%	-46.75%	+37.16%
Average Drawdown Average peak-to-trough decline	-3.81%	-74.59%	+70.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	22.04%	—

Volatility

Volatility by Period

	MRX	APLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	17.55%	—
Volatility (6M) Calculated over the trailing 6-month period	—	73.40%	—
Volatility (1Y) Calculated over the trailing 1-year period	66.46%	107.18%	-40.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	66.46%	164.82%	-98.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	66.46%	301.53%	-235.07%

Dividends

MRX vs. APLD - Dividend Comparison

Neither MRX nor APLD has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

MRX vs. APLD - Profitability Comparison

The chart below illustrates the profitability comparison between Marex Group PLC and Applied Digital Corporation over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

MRX - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Marex Group PLC reported a gross profit of 2.52B and revenue of 3.13B. Therefore, the gross margin over that period was 80.5%.

APLD - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Applied Digital Corporation reported a gross profit of 82.52M and revenue of 161.76M. Therefore, the gross margin over that period was 51.0%.

MRX - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Marex Group PLC reported an operating income of 1.06B and revenue of 3.13B, resulting in an operating margin of 33.9%.

APLD - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Applied Digital Corporation reported an operating income of -62.13M and revenue of 161.76M, resulting in an operating margin of -38.4%.

MRX - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Marex Group PLC reported a net income of 231.50M and revenue of 3.13B, resulting in a net margin of 7.4%.

APLD - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Applied Digital Corporation reported a net income of -104.11M and revenue of 161.76M, resulting in a net margin of -64.4%.

Frequently Asked Questions

Can I hold both MRX and APLD in my portfolio?

MRX and APLD have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.