PLUS.L vs. CMCX.L

Last updated Apr 1, 2026

Compare and contrast key facts about Plus500 Ltd (PLUS.L) and CMC Markets plc (CMCX.L).

Performance

PLUS.L vs. CMCX.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Plus500 Ltd (PLUS.L) and CMC Markets plc (CMCX.L). The values are adjusted to include any dividend payments, if applicable.

PLUS.L vs. CMCX.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PLUS.L Plus500 Ltd	14.48%	42.26%	74.48%	-2.89%	40.50%	1.23%	77.58%	-29.05%	77.76%	170.25%
CMCX.L CMC Markets plc	14.88%	27.16%	144.09%	-51.43%	-167.04%	-28.25%	183.92%	43.23%	544.41%	45.42%

Fundamentals

Market Cap PLUS.L : £2.98B CMCX.L : £930.19M
EPS PLUS.L : £7.48 CMCX.L : £0.54
PE Ratio PLUS.L : 5.44 CMCX.L : 6.31
PS Ratio PLUS.L : 1.94 CMCX.L : 1.24
PB Ratio PLUS.L : 5.25 CMCX.L : 2.19
Total Revenue (TTM) PLUS.L : £1.56B CMCX.L : £747.21M
Gross Profit (TTM) PLUS.L : £1.55B CMCX.L : £363.93M
EBITDA (TTM) PLUS.L : £697.09M CMCX.L : £161.09M

Returns By Period

The year-to-date returns for both investments are quite close, with PLUS.L having a 14.48% return and CMCX.L slightly higher at 14.88%.

PLUS.L

• 1D: -0.49%
• 1M: 1.50%
• YTD: 14.48%
• 6M: 29.06%
• 1Y: 55.40%
• 3Y*: 42.64%
• 5Y*: 30.97%
• 10Y*: 31.14%

CMCX.L

• 1D: 3.31%
• 1M: 5.69%
• YTD: 14.88%
• 6M: 46.13%
• 1Y: 75.02%
• 3Y*: 30.19%
• 5Y*: —
• 10Y*: —

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

Return for Risk

PLUS.L vs. CMCX.L — Risk / Return Rank

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

PLUS.L

PLUS.L Risk / Return Rank: 88
PLUS.L Sharpe Ratio Rank: 91
PLUS.L Sortino Ratio Rank: 90
PLUS.L Omega Ratio Rank: 91
PLUS.L Calmar Ratio Rank: 86
PLUS.L Martin Ratio Rank: 84

CMCX.L

CMCX.L Risk / Return Rank: 86
CMCX.L Sharpe Ratio Rank: 87
CMCX.L Sortino Ratio Rank: 89
CMCX.L Omega Ratio Rank: 92
CMCX.L Calmar Ratio Rank: 84
CMCX.L Martin Ratio Rank: 78

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.

PLUS.L vs. CMCX.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Plus500 Ltd (PLUS.L) and CMC Markets plc (CMCX.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.

	PLUS.L	CMCX.L	Difference
Sharpe ratio Return per unit of total volatility	2.07	1.73	+0.34
Sortino ratio Return per unit of downside risk	2.84	2.72	+0.12
Omega ratio Gain probability vs. loss probability	1.41	1.43	-0.01
Calmar ratio Return relative to maximum drawdown	3.10	2.74	+0.37
Martin ratio Return relative to average drawdown	7.49	5.53	+1.96
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PLUS.L vs. CMCX.L - Sharpe Ratio Comparison

The current PLUS.L Sharpe Ratio is 2.07, which is comparable to the CMCX.L Sharpe Ratio of 1.73. The chart below compares the historical Sharpe Ratios of PLUS.L and CMCX.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.

Sharpe Ratios by Period

	PLUS.L	CMCX.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.07	1.73	+0.34
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.30	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.78	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.96	—	—

Correlation

The correlation between PLUS.L and CMCX.L is 0.25, 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

PLUS.L vs. CMCX.L - Dividend Comparison

PLUS.L's dividend yield for the trailing twelve months is around 4.27%, more than CMCX.L's 4.02% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PLUS.L Plus500 Ltd	4.27%	4.74%	5.42%	4.80%	5.12%	7.88%	6.92%	7.60%	15.57%	7.41%	21.06%	10.01%
CMCX.L CMC Markets plc	4.02%	4.62%	4.19%	4.67%	301.21%	9.46%	5.47%	2.41%	102.65%	5.95%	7.64%	0.00%

Drawdowns

PLUS.L vs. CMCX.L - Drawdown Comparison

The maximum PLUS.L drawdown since its inception was -72.36%, smaller than the maximum CMCX.L drawdown of -161.07%. Use the drawdown chart below to compare losses from any high point for PLUS.L and CMCX.L.

Drawdown Indicators

	PLUS.L	CMCX.L	Difference
Max Drawdown Largest peak-to-trough decline	-72.36%	-161.07%	+88.71%
Max Drawdown (1Y) Largest decline over 1 year	-17.02%	-26.34%	+9.32%
Max Drawdown (5Y) Largest decline over 5 years	-30.57%	-161.07%	+130.50%
Max Drawdown (10Y) Largest decline over 10 years	-72.36%	-161.07%	+88.71%
Current Drawdown Current decline from peak	-15.78%	-160.54%	+144.76%
Average Drawdown Average peak-to-trough decline	-17.94%	-67.22%	+49.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.05%	13.04%	-5.99%

Volatility

PLUS.L vs. CMCX.L - Volatility Comparison

The current volatility for Plus500 Ltd (PLUS.L) is 5.94%, while CMC Markets plc (CMCX.L) has a volatility of 7.81%. This indicates that PLUS.L experiences smaller price fluctuations and is considered to be less risky than CMCX.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PLUS.L	CMCX.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.94%	7.81%	-1.87%
Volatility (6M) Calculated over the trailing 6-month period	19.80%	31.32%	-11.52%
Volatility (1Y) Calculated over the trailing 1-year period	26.70%	43.29%	-16.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.90%	91.42%	-67.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	39.60%	256.32%	-216.72%

Financials

PLUS.L vs. CMCX.L - Profitability Comparison

The chart below illustrates the profitability comparison between Plus500 Ltd and CMC Markets plc over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

PLUS.L - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Plus500 Ltd reported a gross profit of 376.30M and revenue of 379.11M. Therefore, the gross margin over that period was 99.3%.

CMCX.L - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, CMC Markets plc reported a gross profit of 0.00 and revenue of 193.69M. Therefore, the gross margin over that period was 0.0%.

PLUS.L - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Plus500 Ltd reported an operating income of 16.58M and revenue of 379.11M, resulting in an operating margin of 4.4%.

CMCX.L - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, CMC Markets plc reported an operating income of 53.50M and revenue of 193.69M, resulting in an operating margin of 27.6%.

PLUS.L - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Plus500 Ltd reported a net income of 132.33M and revenue of 379.11M, resulting in a net margin of 34.9%.

CMCX.L - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, CMC Markets plc reported a net income of 35.94M and revenue of 193.69M, resulting in a net margin of 18.6%.