TW vs. IBKR

Last updated Jun 9, 2026

TW (Tradeweb Markets Inc.) and IBKR (Interactive Brokers Group, Inc.) are both stocks. Both operate in the Capital Markets industry within the Financial Services sector. Over the past 5 years, TW returned 3.81%/yr vs 40.65%/yr for IBKR. At a 0.28 correlation, their price movements are largely independent.

Performance

TW vs. IBKR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tradeweb Markets Inc. (TW) and Interactive Brokers Group, Inc. (IBKR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TW achieves a -8.38% return, which is significantly lower than IBKR's 36.11% return.

TW

• 1D: -4.15%
• 1M: -9.55%
• YTD: -8.38%
• 6M: -6.54%
• 1Y: -29.50%
• 3Y*: 11.98%
• 5Y*: 3.81%
• 10Y*: —

IBKR

• 1D: 3.50%
• 1M: 3.57%
• YTD: 36.11%
• 6M: 33.01%
• 1Y: 65.70%
• 3Y*: 64.47%
• 5Y*: 40.65%
• 10Y*: 25.35%

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

TW vs. IBKR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
TW Tradeweb Markets Inc.	-8.38%	-17.55%	44.56%	40.61%	-34.86%	60.96%	35.50%	36.03%
IBKR Interactive Brokers Group, Inc.	36.11%	46.37%	114.43%	15.14%	-8.35%	31.12%	31.71%	-10.99%

Correlation

The correlation between TW and IBKR is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.07
Correlation (3Y) Calculated over the trailing 3-year period	0.18
Correlation (5Y) Calculated over the trailing 5-year period	0.29
Correlation (All Time) Calculated using the full available price history since Apr 4, 2019	0.28

Over the past year, the correlation between TW and IBKR has dropped to 0.07 - well below their long-term average of 0.28, suggesting their price drivers have been diverging.

Fundamentals

Market Cap TW : $20.97B IBKR : $39.17B
EPS TW : $4.05 IBKR : $3.76
PE Ratio TW : 24.24 IBKR : 23.26
PEG Ratio TW : 0.66 IBKR : 0.80
PS Ratio TW : 9.76 IBKR : 4.49
PB Ratio TW : 3.17 IBKR : 1.84
Total Revenue (TTM) TW : $2.16B IBKR : $8.69B
Gross Profit (TTM) TW : $1.56B IBKR : $7.75B
EBITDA (TTM) TW : $1.34B IBKR : $7.07B

Return for Risk

TW vs. IBKR — Risk / Return Rank

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

TW

TW Risk / Return Rank: 7
TW Sharpe Ratio Rank: 4
TW Sortino Ratio Rank: 6
TW Omega Ratio Rank: 8
TW Calmar Ratio Rank: 6
TW Martin Ratio Rank: 9

IBKR

IBKR Risk / Return Rank: 84
IBKR Sharpe Ratio Rank: 86
IBKR Sortino Ratio Rank: 82
IBKR Omega Ratio Rank: 80
IBKR Calmar Ratio Rank: 87
IBKR Martin Ratio Rank: 86

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.

TW vs. IBKR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradeweb Markets Inc. (TW) and Interactive Brokers Group, Inc. (IBKR). 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.

	TW	IBKR	Difference
Sharpe ratio: Return per unit of total volatility	-1.05	1.76	-2.80
Sortino ratio: Return per unit of downside risk	-1.47	2.35	-3.83
Omega ratio: Gain probability vs. loss probability	0.83	1.29	-0.46
Calmar ratio: Return relative to maximum drawdown	-0.90	3.53	-4.44
Martin ratio: Return relative to average drawdown	-1.38	8.98	-10.36
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TW vs. IBKR - Sharpe Ratio Comparison

The current TW Sharpe Ratio is -1.05, which is lower than the IBKR Sharpe Ratio of 1.76. The chart below compares the historical Sharpe Ratios of TW and IBKR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	TW	IBKR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-1.05	1.76	-2.80
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.14	1.19	-1.04
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.76	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.52	0.44	+0.08

Drawdowns

TW vs. IBKR - Drawdown Comparison

The maximum TW drawdown since its inception was -48.64%, smaller than the maximum IBKR drawdown of -63.66%. Use the drawdown chart below to compare losses from any high point for TW and IBKR.

Drawdown Indicators

	TW	IBKR	Difference
Max Drawdown Largest peak-to-trough decline	-48.64%	-63.66%	+15.02%
Max Drawdown (1Y) Largest decline over 1 year	-32.76%	-18.70%	-14.06%
Max Drawdown (3Y) Largest decline over 3 years	-33.89%	-38.66%	+4.77%
Max Drawdown (5Y) Largest decline over 5 years	-48.64%	-38.66%	-9.98%
Max Drawdown (10Y) Largest decline over 10 years	—	-55.09%	—
Current Drawdown Current decline from peak	-33.69%	-1.54%	-32.15%
Average Drawdown Average peak-to-trough decline	-13.86%	-24.73%	+10.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	21.41%	7.36%	+14.05%

Volatility

TW vs. IBKR - Volatility Comparison

The current volatility for Tradeweb Markets Inc. (TW) is 8.50%, while Interactive Brokers Group, Inc. (IBKR) has a volatility of 10.34%. This indicates that TW experiences smaller price fluctuations and is considered to be less risky than IBKR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TW	IBKR	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.50%	10.34%	-1.84%
Volatility (6M) Calculated over the trailing 6-month period	21.23%	27.65%	-6.42%
Volatility (1Y) Calculated over the trailing 1-year period	28.36%	37.63%	-9.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.56%	34.47%	-7.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.13%	33.37%	-3.24%

Dividends

TW vs. IBKR - Dividend Comparison

TW's dividend yield for the trailing twelve months is around 0.53%, more than IBKR's 0.37% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IBKR Interactive Brokers Group, Inc.	0.37%	0.47%	0.48%	0.48%	0.55%	0.50%	0.66%	0.86%	0.73%	0.68%	1.10%	0.92%
TW Tradeweb Markets Inc.	0.53%	0.45%	0.31%	0.40%	0.49%	0.32%	0.51%	0.52%	0.00%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both TW and IBKR in my portfolio?

TW and IBKR have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TW or IBKR?

IBKR has higher volatility (10.34%) compared to TW (8.50%). In terms of maximum drawdown, TW dropped -48.64% vs IBKR's -63.66%.

Which has better risk-adjusted returns?

IBKR currently has the higher Sharpe Ratio (1.76 vs -1.05), 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.