MTO.L vs. DRX.L
MTO.L (Mitie Group plc) and DRX.L (Drax Group) are both stocks. MTO.L operates in Specialty Business Services (Industrials), while DRX.L operates in Utilities - Renewable (Utilities). Over the past 10 years, MTO.L returned 11.92%/yr vs 14.09%/yr for DRX.L. At a 0.21 correlation, their price movements are largely independent.
Performance
MTO.L vs. DRX.L - Performance Comparison
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Returns By Period
In the year-to-date period, MTO.L achieves a -6.58% return, which is significantly lower than DRX.L's -4.14% return. Over the past 10 years, MTO.L has underperformed DRX.L with an annualized return of 11.92%, while DRX.L has yielded a comparatively higher 14.09% annualized return.
MTO.L
- 1D
- 0.00%
- 1M
- 0.90%
- 6M
- -7.90%
- YTD
- -6.58%
- 1Y
- 13.63%
- 3Y*
- 17.51%
- 5Y*
- 23.43%
- 10Y*
- 11.92%
- ALL TIME*
- 6.89%
DRX.L
- 1D
- -0.19%
- 1M
- 4.33%
- 6M
- -10.51%
- YTD
- -4.14%
- 1Y
- 18.87%
- 3Y*
- 13.34%
- 5Y*
- 18.08%
- 10Y*
- 14.09%
- ALL TIME*
- 5.55%
MTO.L vs. DRX.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MTO.L Mitie Group plc | -6.58% | 54.51% | 14.98% | 37.53% | 19.48% | 58.37% | 6.42% | 38.07% | -39.52% | -12.71% |
DRX.L Drax Group | -4.14% | 34.05% | 38.47% | -27.78% | 19.16% | 68.40% | 27.66% | -8.39% | 37.95% | -16.41% |
Correlation
The correlation between MTO.L and DRX.L is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Oct 3, 2006 | 0.21 |
Fundamentals
MTO.L:
£1.88B
DRX.L:
£2.59B
MTO.L:
£0.14
DRX.L:
£1.39
MTO.L:
11.03
DRX.L:
5.55
MTO.L:
0.28
DRX.L:
0.01
MTO.L:
0.19
DRX.L:
0.29
MTO.L:
3.99
DRX.L:
1.94
MTO.L:
£10.70B
DRX.L:
£11.48B
MTO.L:
£1.15B
DRX.L:
£2.87B
MTO.L:
£593.60M
DRX.L:
£1.91B
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Return for Risk
MTO.L vs. DRX.L — Risk / Return Rank
MTO.L
DRX.L
MTO.L vs. DRX.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Mitie Group plc (MTO.L) and Drax Group (DRX.L). 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.
| MTO.L | DRX.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.25 | ||
| Sortino ratioReturn per unit of downside risk | -0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.15 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.67 | 1.16 | -0.48 |
| Martin ratioReturn relative to average drawdown | 1.84 | 3.07 | -1.23 |
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Drawdowns
MTO.L vs. DRX.L - Drawdown Comparison
The maximum MTO.L drawdown since its inception was -80.92%, which is greater than DRX.L's maximum drawdown of -74.08%. Use the drawdown chart below to compare losses from any high point for MTO.L and DRX.L.
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Drawdown Indicators
| MTO.L | DRX.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.92% | -74.08% | -6.84% |
Max Drawdown (1Y)Largest decline over 1 year | -20.14% | -16.23% | -3.91% |
Max Drawdown (3Y)Largest decline over 3 years | -20.14% | -34.15% | +14.01% |
Max Drawdown (5Y)Largest decline over 5 years | -39.51% | -48.66% | +9.15% |
Max Drawdown (10Y)Largest decline over 10 years | -77.81% | -69.03% | -8.78% |
Current DrawdownCurrent decline from peak | -16.97% | -12.60% | -4.37% |
Average DrawdownAverage peak-to-trough decline | -21.30% | -29.36% | +8.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.39% | 6.13% | +1.26% |
Volatility
MTO.L vs. DRX.L - Volatility Comparison
Mitie Group plc (MTO.L) and Drax Group (DRX.L) have volatilities of 5.74% and 5.60%, 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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Volatility by Period
| MTO.L | DRX.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.74% | 5.60% | +0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 16.02% | 16.62% | -0.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.09% | 24.49% | +1.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.46% | 32.99% | -2.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.92% | 34.35% | +15.57% |
Dividends
MTO.L vs. DRX.L - Dividend Comparison
MTO.L's dividend yield for the trailing twelve months is around 2.98%, less than DRX.L's 6.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DRX.L Drax Group | 6.02% | 2.77% | 3.75% | 4.45% | 2.80% | 2.94% | 4.35% | 4.75% | 3.62% | 16.59% | 16.43% | 5.03% |
MTO.L Mitie Group plc | 2.98% | 1.80% | 3.91% | 3.22% | 2.82% | 0.62% | 0.00% | 5.35% | 7.02% | 1.34% | 0.00% | 0.00% |
Financials
MTO.L vs. DRX.L - Financials Comparison
This section allows you to compare key financial metrics between Mitie Group plc and Drax Group. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
MTO.L vs. DRX.L - Profitability Comparison
MTO.L - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Mitie Group plc reported a gross profit of 333.40M and revenue of 2.94B. Therefore, the gross margin over that period was 11.3%.
DRX.L - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Drax Group reported a gross profit of 560.60M and revenue of 2.75B. Therefore, the gross margin over that period was 20.4%.
MTO.L - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Mitie Group plc reported an operating income of 99.80M and revenue of 2.94B, resulting in an operating margin of 3.4%.
DRX.L - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Drax Group reported an operating income of 257.80M and revenue of 2.75B, resulting in an operating margin of 9.4%.
MTO.L - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Mitie Group plc reported a net income of 51.10M and revenue of 2.94B, resulting in a net margin of 1.7%.
DRX.L - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Drax Group reported a net income of -147.80M and revenue of 2.75B, resulting in a net margin of -5.4%.
Frequently Asked Questions
MTO.L and DRX.L have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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