TLX.AX vs. MP1.AX
TLX.AX (Telix Pharmaceuticals Limited) and MP1.AX (Megaport Limited) are both stocks. TLX.AX operates in Biotechnology (Healthcare), while MP1.AX operates in Software - Infrastructure (Technology). Over the past 5 years, TLX.AX returned 21.17%/yr vs 2.17%/yr for MP1.AX. At a 0.27 correlation, their price movements are largely independent.
Performance
TLX.AX vs. MP1.AX - Performance Comparison
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Returns By Period
In the year-to-date period, TLX.AX achieves a 8.93% return, which is significantly lower than MP1.AX's 36.48% return.
TLX.AX
- 1D
- -3.40%
- 1M
- -21.79%
- YTD
- 8.93%
- 6M
- -14.57%
- 1Y
- -53.18%
- 3Y*
- 4.08%
- 5Y*
- 21.17%
- 10Y*
- —
MP1.AX
- 1D
- 0.00%
- 1M
- 84.35%
- YTD
- 36.48%
- 6M
- 27.97%
- 1Y
- 23.49%
- 3Y*
- 32.38%
- 5Y*
- 2.17%
- 10Y*
- 22.24%
TLX.AX vs. MP1.AX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TLX.AX Telix Pharmaceuticals Limited | 8.93% | -54.49% | 144.15% | 38.65% | -6.19% | 105.03% | 143.87% | 138.46% | 4.84% | -19.48% |
MP1.AX Megaport Limited | 36.48% | 65.13% | -19.89% | 45.80% | -66.00% | 30.25% | 32.68% | 193.44% | 7.65% | 40.50% |
Correlation
The correlation between TLX.AX and MP1.AX is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Nov 16, 2017 | 0.27 |
The correlation between TLX.AX and MP1.AX shifts across timeframes, from 0.27 (all time) to 0.38 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
TLX.AX vs. MP1.AX — Risk / Return Rank
TLX.AX
MP1.AX
TLX.AX vs. MP1.AX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Telix Pharmaceuticals Limited (TLX.AX) and Megaport Limited (MP1.AX). 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.
| TLX.AX | MP1.AX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.29 | ||
| Sortino ratioReturn per unit of downside risk | -2.41 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 1.13 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | -0.77 | 0.38 | -1.15 |
| Martin ratioReturn relative to average drawdown | -1.14 | 0.76 | -1.90 |
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
| TLX.AX | MP1.AX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.92 | 0.37 | -1.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.38 | 0.03 | +0.34 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.39 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.66 | 0.39 | +0.27 |
Drawdowns
TLX.AX vs. MP1.AX - Drawdown Comparison
The maximum TLX.AX drawdown since its inception was -72.29%, smaller than the maximum MP1.AX drawdown of -81.90%. Use the drawdown chart below to compare losses from any high point for TLX.AX and MP1.AX.
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Drawdown Indicators
| TLX.AX | MP1.AX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.29% | -81.90% | +9.61% |
Max Drawdown (1Y)Largest decline over 1 year | -68.27% | -62.11% | -6.16% |
Max Drawdown (3Y)Largest decline over 3 years | -72.29% | -62.11% | -10.18% |
Max Drawdown (5Y)Largest decline over 5 years | -72.29% | -81.90% | +9.61% |
Max Drawdown (10Y)Largest decline over 10 years | — | -81.90% | — |
Current DrawdownCurrent decline from peak | -60.82% | -24.09% | -36.73% |
Average DrawdownAverage peak-to-trough decline | -20.47% | -33.51% | +13.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 44.28% | 30.91% | +13.37% |
Volatility
TLX.AX vs. MP1.AX - Volatility Comparison
The current volatility for Telix Pharmaceuticals Limited (TLX.AX) is 10.21%, while Megaport Limited (MP1.AX) has a volatility of 27.27%. This indicates that TLX.AX experiences smaller price fluctuations and is considered to be less risky than MP1.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TLX.AX | MP1.AX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.21% | 27.27% | -17.06% |
Volatility (6M)Calculated over the trailing 6-month period | 40.24% | 52.84% | -12.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 57.76% | 62.86% | -5.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 56.13% | 66.17% | -10.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 57.28% | 57.47% | -0.19% |
Dividends
TLX.AX vs. MP1.AX - Dividend Comparison
Neither TLX.AX nor MP1.AX has paid dividends to shareholders.
Financials
TLX.AX vs. MP1.AX - Financials Comparison
This section allows you to compare key financial metrics between Telix Pharmaceuticals Limited and Megaport Limited. 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
Frequently Asked Questions
TLX.AX and MP1.AX have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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