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MUT.L vs. MRCH.L
Performance
Return for Risk
Dividends
Drawdowns
Volatility
Financials

Performance

MUT.L vs. MRCH.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Murray Income Trust (MUT.L) and Merchants Trust plc (MRCH.L). The values are adjusted to include any dividend payments, if applicable.

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MUT.L vs. MRCH.L - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
MUT.L
Murray Income Trust
-0.97%16.94%-1.15%7.33%216.52%14.08%-2.43%28.34%-4.55%14.92%
MRCH.L
Merchants Trust plc
1.49%14.08%3.96%4.69%5.47%32.06%-14.30%28.41%-3.09%15.75%

Fundamentals

Market Cap

MUT.L:

£871.89M

MRCH.L:

£887.58M

EPS

MUT.L:

£1.48

MRCH.L:

£0.96

PE Ratio

MUT.L:

6.04

MRCH.L:

6.21

PEG Ratio

MUT.L:

0.40

MRCH.L:

0.17

PS Ratio

MUT.L:

5.49

MRCH.L:

5.38

PB Ratio

MUT.L:

0.92

MRCH.L:

1.02

Total Revenue (TTM)

MUT.L:

£160.07M

MRCH.L:

£165.02M

Gross Profit (TTM)

MUT.L:

£158.43M

MRCH.L:

£161.71M

EBITDA (TTM)

MUT.L:

£125.16M

MRCH.L:

-£7.77M

Returns By Period

In the year-to-date period, MUT.L achieves a -0.97% return, which is significantly lower than MRCH.L's 1.49% return. Over the past 10 years, MUT.L has outperformed MRCH.L with an annualized return of 21.64%, while MRCH.L has yielded a comparatively lower 9.81% annualized return.


MUT.L

1D
1.36%
1M
-7.45%
YTD
-0.97%
6M
1.27%
1Y
13.01%
3Y*
6.40%
5Y*
33.98%
10Y*
21.64%

MRCH.L

1D
1.87%
1M
-6.85%
YTD
1.49%
6M
9.23%
1Y
20.35%
3Y*
6.90%
5Y*
8.96%
10Y*
9.81%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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Return for Risk

MUT.L vs. MRCH.L — Risk / Return Rank

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

MUT.L
MUT.L Risk / Return Rank: 6767
Overall Rank
MUT.L Sharpe Ratio Rank: 7272
Sharpe Ratio Rank
MUT.L Sortino Ratio Rank: 6363
Sortino Ratio Rank
MUT.L Omega Ratio Rank: 6464
Omega Ratio Rank
MUT.L Calmar Ratio Rank: 6464
Calmar Ratio Rank
MUT.L Martin Ratio Rank: 7272
Martin Ratio Rank

MRCH.L
MRCH.L Risk / Return Rank: 7676
Overall Rank
MRCH.L Sharpe Ratio Rank: 8080
Sharpe Ratio Rank
MRCH.L Sortino Ratio Rank: 7373
Sortino Ratio Rank
MRCH.L Omega Ratio Rank: 7676
Omega Ratio Rank
MRCH.L Calmar Ratio Rank: 7272
Calmar Ratio Rank
MRCH.L Martin Ratio Rank: 7979
Martin Ratio Rank
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.

MUT.L vs. MRCH.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Murray Income Trust (MUT.L) and Merchants Trust plc (MRCH.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.


MUT.LMRCH.LDifference

Sharpe ratio

Return per unit of total volatility

0.93

1.32

-0.39

Sortino ratio

Return per unit of downside risk

1.30

1.79

-0.49

Omega ratio

Gain probability vs. loss probability

1.19

1.26

-0.07

Calmar ratio

Return relative to maximum drawdown

1.12

1.65

-0.53

Martin ratio

Return relative to average drawdown

4.05

5.94

-1.89

MUT.L vs. MRCH.L - Sharpe Ratio Comparison

The current MUT.L Sharpe Ratio is 0.93, which is comparable to the MRCH.L Sharpe Ratio of 1.32. The chart below compares the historical Sharpe Ratios of MUT.L and MRCH.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Sharpe Ratios by Period


MUT.LMRCH.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.93

1.32

-0.39

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.34

0.52

-0.18

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.30

0.48

-0.18

Sharpe Ratio (All Time)

Calculated using the full available price history

0.30

0.08

+0.21

Correlation

The correlation between MUT.L and MRCH.L is 0.62, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.


Dividends

MUT.L vs. MRCH.L - Dividend Comparison

MUT.L's dividend yield for the trailing twelve months is around 4.47%, less than MRCH.L's 4.90% yield.


TTM20252024202320222021202020192018201720162015
MUT.L
Murray Income Trust
4.47%4.38%4.71%4.48%76.11%3.29%4.63%3.82%4.57%4.23%4.45%4.76%
MRCH.L
Merchants Trust plc
4.90%4.90%5.21%5.04%4.88%4.87%6.09%4.77%5.53%4.92%5.30%5.55%

Drawdowns

MUT.L vs. MRCH.L - Drawdown Comparison

The maximum MUT.L drawdown since its inception was -73.11%, smaller than the maximum MRCH.L drawdown of -996.19%. Use the drawdown chart below to compare losses from any high point for MUT.L and MRCH.L.


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Drawdown Indicators


MUT.LMRCH.LDifference

Max Drawdown

Largest peak-to-trough decline

-73.11%

-996.19%

+923.08%

Max Drawdown (1Y)

Largest decline over 1 year

-11.63%

-12.46%

+0.83%

Max Drawdown (5Y)

Largest decline over 5 years

-18.15%

-18.91%

+0.76%

Max Drawdown (10Y)

Largest decline over 10 years

-35.97%

-45.98%

+10.01%

Current Drawdown

Current decline from peak

-9.50%

-9.12%

-0.38%

Average Drawdown

Average peak-to-trough decline

-10.39%

-68.86%

+58.47%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.21%

3.46%

-0.25%

Volatility

MUT.L vs. MRCH.L - Volatility Comparison

The current volatility for Murray Income Trust (MUT.L) is 4.57%, while Merchants Trust plc (MRCH.L) has a volatility of 5.55%. This indicates that MUT.L experiences smaller price fluctuations and is considered to be less risky than MRCH.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


MUT.LMRCH.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.57%

5.55%

-0.98%

Volatility (6M)

Calculated over the trailing 6-month period

9.47%

10.38%

-0.91%

Volatility (1Y)

Calculated over the trailing 1-year period

13.89%

15.30%

-1.41%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

101.30%

17.23%

+84.07%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

72.85%

20.41%

+52.44%

Financials

MUT.L vs. MRCH.L - Financials Comparison

This section allows you to compare key financial metrics between Murray Income Trust and Merchants Trust plc. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.


Quarterly
Annual

Total Revenue: Total amount of money received from sales and other business activities


-100.00M-50.00M0.0050.00M100.00M20212022202320242025
77.75M
50.95M
(MUT.L) Total Revenue
(MRCH.L) Total Revenue
Values in GBp except per share items

MUT.L vs. MRCH.L - Profitability Comparison

The chart below illustrates the profitability comparison between Murray Income Trust and Merchants Trust plc over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

Gross Margin
Operating Margin
Net Margin
Quarterly
Annual

92.0%94.0%96.0%98.0%100.0%20212022202320242025
97.9%
100.0%
Portfolio components
MUT.L - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Murray Income Trust reported a gross profit of 76.10M and revenue of 77.75M. Therefore, the gross margin over that period was 97.9%.

MRCH.L - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Merchants Trust plc reported a gross profit of 50.95M and revenue of 50.95M. Therefore, the gross margin over that period was 100.0%.

MUT.L - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Murray Income Trust reported an operating income of 75.14M and revenue of 77.75M, resulting in an operating margin of 96.6%.

MRCH.L - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Merchants Trust plc reported an operating income of 48.62M and revenue of 50.95M, resulting in an operating margin of 95.4%.

MUT.L - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Murray Income Trust reported a net income of 73.75M and revenue of 77.75M, resulting in a net margin of 94.9%.

MRCH.L - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Merchants Trust plc reported a net income of 45.36M and revenue of 50.95M, resulting in a net margin of 89.0%.