PUBM vs. MGNI
PUBM (PubMatic, Inc.) and MGNI (Magnite, Inc.) are both stocks. PUBM operates in Software - Application (Technology), while MGNI operates in Advertising Agencies (Communication Services). Over the past 5 years, PUBM returned -15.78%/yr vs -12.45%/yr for MGNI. A 0.63 correlation means they provide meaningful diversification when combined.
Performance
PUBM vs. MGNI - Performance Comparison
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Returns By Period
In the year-to-date period, PUBM achieves a 35.74% return, which is significantly higher than MGNI's -8.50% return.
PUBM
- 1D
- -1.47%
- 1M
- 17.69%
- YTD
- 35.74%
- 6M
- 32.89%
- 1Y
- 1.35%
- 3Y*
- -12.82%
- 5Y*
- -15.78%
- 10Y*
- —
MGNI
- 1D
- -3.45%
- 1M
- 8.24%
- YTD
- -8.50%
- 6M
- 3.12%
- 1Y
- -10.97%
- 3Y*
- 3.77%
- 5Y*
- -12.45%
- 10Y*
- 0.12%
PUBM vs. MGNI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
PUBM PubMatic, Inc. | 35.74% | -39.62% | -9.93% | 27.32% | -62.38% | 21.78% | -5.06% |
MGNI Magnite, Inc. | -8.50% | 1.95% | 70.45% | -11.80% | -39.49% | -43.02% | 65.46% |
Correlation
The correlation between PUBM and MGNI is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Dec 10, 2020 | 0.63 |
The correlation between PUBM and MGNI has been stable across timeframes, ranging from 0.58 to 0.66 - a consistent structural relationship.
Fundamentals
PUBM:
$567.32M
MGNI:
$2.20B
PUBM:
-$0.37
MGNI:
$1.05
PUBM:
2.03
MGNI:
3.10
PUBM:
2.26
MGNI:
2.40
PUBM:
$281.67M
MGNI:
$722.55M
PUBM:
$178.08M
MGNI:
$458.33M
PUBM:
$12.80M
MGNI:
$150.13M
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Return for Risk
PUBM vs. MGNI — Risk / Return Rank
PUBM
MGNI
PUBM vs. MGNI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PubMatic, Inc. (PUBM) and Magnite, Inc. (MGNI). 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.
| PUBM | MGNI | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.02 | -0.19 | +0.21 |
Sortino ratioReturn per unit of downside risk | 0.59 | 0.11 | +0.47 |
Omega ratioGain probability vs. loss probability | 1.08 | 1.01 | +0.06 |
Calmar ratioReturn relative to maximum drawdown | 0.05 | -0.16 | +0.21 |
Martin ratioReturn relative to average drawdown | 0.08 | -0.24 | +0.33 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PUBM | MGNI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.02 | -0.19 | +0.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.24 | -0.17 | -0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.00 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.21 | -0.03 | -0.18 |
Drawdowns
PUBM vs. MGNI - Drawdown Comparison
The maximum PUBM drawdown since its inception was -91.02%, roughly equal to the maximum MGNI drawdown of -93.30%. Use the drawdown chart below to compare losses from any high point for PUBM and MGNI.
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Drawdown Indicators
| PUBM | MGNI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.02% | -93.30% | +2.28% |
Max Drawdown (1Y)Largest decline over 1 year | -54.06% | -57.77% | +3.71% |
Max Drawdown (3Y)Largest decline over 3 years | -73.86% | -57.95% | -15.91% |
Max Drawdown (5Y)Largest decline over 5 years | -85.21% | -84.35% | -0.86% |
Max Drawdown (10Y)Largest decline over 10 years | — | -90.65% | — |
Current DrawdownCurrent decline from peak | -82.78% | -75.97% | -6.81% |
Average DrawdownAverage peak-to-trough decline | -70.67% | -64.83% | -5.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.29% | 37.72% | -3.43% |
Volatility
PUBM vs. MGNI - Volatility Comparison
The current volatility for PubMatic, Inc. (PUBM) is 14.16%, while Magnite, Inc. (MGNI) has a volatility of 17.28%. This indicates that PUBM experiences smaller price fluctuations and is considered to be less risky than MGNI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PUBM | MGNI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.16% | 17.28% | -3.12% |
Volatility (6M)Calculated over the trailing 6-month period | 32.82% | 40.54% | -7.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 69.51% | 56.80% | +12.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 66.39% | 75.23% | -8.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 72.55% | 76.58% | -4.03% |
Dividends
PUBM vs. MGNI - Dividend Comparison
Neither PUBM nor MGNI has paid dividends to shareholders.
Financials
PUBM vs. MGNI - Financials Comparison
This section allows you to compare key financial metrics between PubMatic, Inc. and Magnite, Inc.. 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
PUBM vs. MGNI - Profitability Comparison
PUBM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, PubMatic, Inc. reported a gross profit of 36.47M and revenue of 62.57M. Therefore, the gross margin over that period was 58.3%.
MGNI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Magnite, Inc. reported a gross profit of 103.96M and revenue of 164.37M. Therefore, the gross margin over that period was 63.3%.
PUBM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, PubMatic, Inc. reported an operating income of -15.27M and revenue of 62.57M, resulting in an operating margin of -24.4%.
MGNI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Magnite, Inc. reported an operating income of 7.72M and revenue of 164.37M, resulting in an operating margin of 4.7%.
PUBM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, PubMatic, Inc. reported a net income of -12.51M and revenue of 62.57M, resulting in a net margin of -20.0%.
MGNI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Magnite, Inc. reported a net income of 4.41M and revenue of 164.37M, resulting in a net margin of 2.7%.
Frequently Asked Questions
PUBM and MGNI have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MGNI has higher volatility (17.28%) compared to PUBM (14.16%). In terms of maximum drawdown, PUBM dropped -91.02% vs MGNI's -93.30%.
PUBM currently has the higher Sharpe Ratio (0.02 vs -0.19), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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