MRX vs. APLD

Last updated Apr 1, 2026

Compare and contrast key facts about Marex Group PLC (MRX) and Applied Digital Corporation (APLD).

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.

MRX vs. APLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024
MRX Marex Group PLC	16.72%	25.07%	65.86%
APLD Applied Digital Corporation	-3.18%	220.94%	154.67%

Fundamentals

Market Cap MRX : $3.39B APLD : $6.33B
EPS MRX : $7.12 APLD : -$0.51
PS Ratio MRX : 0.51 APLD : 20.33
PB Ratio MRX : 2.91 APLD : 4.37
Total Revenue (TTM) MRX : $6.52B APLD : $281.74M
Gross Profit (TTM) MRX : $4.00B APLD : $46.19M
EBITDA (TTM) MRX : $2.07B APLD : -$49.02M

Returns By Period

In the year-to-date period, MRX achieves a 16.72% return, which is significantly higher than APLD's -3.18% return.

MRX

• 1D: 2.48%
• 1M: 3.02%
• YTD: 16.72%
• 6M: 33.76%
• 1Y: 28.28%
• 3Y*: —
• 5Y*: —
• 10Y*: —

APLD

• 1D: 15.55%
• 1M: -12.94%
• YTD: -3.18%
• 6M: 3.49%
• 1Y: 322.42%
• 3Y*: 119.66%
• 5Y*: 76.65%
• 10Y*: 75.92%

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

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

MRX Risk / Return Rank: 60
MRX Sharpe Ratio Rank: 66
MRX Sortino Ratio Rank: 61
MRX Omega Ratio Rank: 58
MRX Calmar Ratio Rank: 58
MRX Martin Ratio Rank: 56

APLD

APLD Risk / Return Rank: 94
APLD Sharpe Ratio Rank: 95
APLD Sortino Ratio Rank: 93
APLD Omega Ratio Rank: 90
APLD Calmar Ratio Rank: 96
APLD Martin Ratio Rank: 94

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.

	MRX	APLD	Difference
Sharpe ratio Return per unit of total volatility	0.70	2.57	-1.88
Sortino ratio Return per unit of downside risk	1.23	3.14	-1.91
Omega ratio Gain probability vs. loss probability	1.15	1.39	-0.24
Calmar ratio Return relative to maximum drawdown	0.76	6.26	-5.50
Martin ratio Return relative to average drawdown	1.41	14.46	-13.04
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MRX vs. APLD - Sharpe Ratio Comparison

The current MRX Sharpe Ratio is 0.70, which is lower than the APLD Sharpe Ratio of 2.57. The chart below compares the historical Sharpe Ratios of MRX and APLD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	MRX	APLD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.70	2.57	-1.88
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.41	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.33	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.43	0.04	+1.39

Correlation

The correlation between MRX and APLD is 0.09, 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.

Dividends

MRX vs. APLD - Dividend Comparison

MRX's dividend yield for the trailing twelve months is around 1.35%, while APLD has not paid dividends to shareholders.

	TTM	2025	2024
MRX Marex Group PLC	1.35%	1.54%	0.90%
APLD Applied Digital Corporation	0.00%	0.00%	0.00%

Drawdowns

MRX vs. APLD - Drawdown Comparison

The maximum MRX drawdown since its inception was -41.13%, smaller than the maximum APLD drawdown of -99.70%. 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	-41.13%	-99.70%	+58.57%
Max Drawdown (1Y) Largest decline over 1 year	-41.13%	-50.31%	+9.18%
Max Drawdown (5Y) Largest decline over 5 years	—	-97.10%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-97.10%	—
Current Drawdown Current decline from peak	-6.26%	-42.59%	+36.33%
Average Drawdown Average peak-to-trough decline	-13.02%	-84.03%	+71.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	22.20%	21.79%	+0.41%

Volatility

MRX vs. APLD - Volatility Comparison

The current volatility for Marex Group PLC (MRX) is 16.41%, while Applied Digital Corporation (APLD) has a volatility of 32.29%. This indicates that MRX experiences smaller price fluctuations and is considered to be less risky than APLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MRX	APLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.41%	32.29%	-15.88%
Volatility (6M) Calculated over the trailing 6-month period	29.93%	77.82%	-47.89%
Volatility (1Y) Calculated over the trailing 1-year period	40.75%	126.27%	-85.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	41.17%	187.90%	-146.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	41.17%	295.81%	-254.64%

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 Apr 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 Apr 2026, Applied Digital Corporation reported a gross profit of 26.04M and revenue of 126.59M. Therefore, the gross margin over that period was 20.6%.

MRX - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 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 Apr 2026, Applied Digital Corporation reported an operating income of -30.96M and revenue of 126.59M, resulting in an operating margin of -24.5%.

MRX - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 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 Apr 2026, Applied Digital Corporation reported a net income of -17.51M and revenue of 126.59M, resulting in a net margin of -13.8%.