TW vs. JEF
TW (Tradeweb Markets Inc.) and JEF (Jefferies Financial Group Inc.) are both stocks. Both are in the Financial Services sector — TW in Capital Markets, JEF in Financial Conglomerates. Over the past 5 years, TW returned 3.81%/yr vs 17.11%/yr for JEF. At a 0.20 correlation, their price movements are largely independent.
Performance
TW vs. JEF - Performance Comparison
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Returns By Period
In the year-to-date period, TW achieves a -8.38% return, which is significantly lower than JEF's -5.14% return.
TW
- 1D
- -4.15%
- 1M
- -9.55%
- YTD
- -8.38%
- 6M
- -6.54%
- 1Y
- -29.50%
- 3Y*
- 11.98%
- 5Y*
- 3.81%
- 10Y*
- —
JEF
- 1D
- 3.97%
- 1M
- 10.13%
- YTD
- -5.14%
- 6M
- -0.43%
- 1Y
- 13.73%
- 3Y*
- 25.68%
- 5Y*
- 17.11%
- 10Y*
- 17.89%
TW vs. JEF - 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% | 30.15% |
JEF Jefferies Financial Group Inc. | -5.14% | -18.78% | 98.84% | 27.74% | -8.46% | 61.95% | 19.00% | 25.07% |
Correlation
The correlation between TW and JEF is 0.05, 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 | 0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Apr 5, 2019 | 0.21 |
The correlation between TW and JEF shifts across timeframes, from 0.05 (1 year) to 0.24 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
TW:
$4.05
JEF:
$4.87
TW:
24.24
JEF:
11.90
TW:
0.66
JEF:
0.86
TW:
9.76
JEF:
0.77
TW:
$2.16B
JEF:
$11.22B
TW:
$1.56B
JEF:
$6.66B
TW:
$1.34B
JEF:
$1.12B
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Return for Risk
TW vs. JEF — Risk / Return Rank
TW
JEF
TW vs. JEF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tradeweb Markets Inc. (TW) and Jefferies Financial Group Inc. (JEF). 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 | JEF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.39 | ||
| Sortino ratioReturn per unit of downside risk | -2.16 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 1.10 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | -0.90 | 0.29 | -1.19 |
| Martin ratioReturn relative to average drawdown | -1.38 | 0.64 | -2.02 |
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
| TW | JEF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.05 | 0.34 | -1.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.14 | 0.48 | -0.33 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.51 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.45 | +0.07 |
Drawdowns
TW vs. JEF - Drawdown Comparison
The maximum TW drawdown since its inception was -48.64%, smaller than the maximum JEF drawdown of -80.74%. Use the drawdown chart below to compare losses from any high point for TW and JEF.
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Drawdown Indicators
| TW | JEF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.64% | -80.74% | +32.10% |
Max Drawdown (1Y)Largest decline over 1 year | -32.76% | -48.05% | +15.29% |
Max Drawdown (3Y)Largest decline over 3 years | -33.89% | -54.39% | +20.50% |
Max Drawdown (5Y)Largest decline over 5 years | -48.64% | -54.39% | +5.75% |
Max Drawdown (10Y)Largest decline over 10 years | — | -54.39% | — |
Current DrawdownCurrent decline from peak | -33.69% | -26.11% | -7.58% |
Average DrawdownAverage peak-to-trough decline | -13.86% | -25.53% | +11.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.41% | 21.39% | +0.02% |
Volatility
TW vs. JEF - Volatility Comparison
Tradeweb Markets Inc. (TW) has a higher volatility of 8.50% compared to Jefferies Financial Group Inc. (JEF) at 8.05%. This indicates that TW's price experiences larger fluctuations and is considered to be riskier than JEF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TW | JEF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.50% | 8.05% | +0.45% |
Volatility (6M)Calculated over the trailing 6-month period | 21.23% | 30.53% | -9.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.36% | 40.68% | -12.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.56% | 35.94% | -9.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.13% | 35.01% | -4.88% |
Dividends
TW vs. JEF - Dividend Comparison
TW's dividend yield for the trailing twelve months is around 0.53%, less than JEF's 2.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JEF Jefferies Financial Group Inc. | 2.76% | 2.58% | 1.66% | 2.97% | 3.50% | 2.32% | 2.44% | 8.07% | 2.59% | 1.23% | 1.08% | 1.44% |
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
TW vs. JEF - Financials Comparison
This section allows you to compare key financial metrics between Tradeweb Markets Inc. and Jefferies Financial Group 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
TW vs. JEF - Profitability Comparison
TW - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Tradeweb Markets Inc. reported a gross profit of 411.78M and revenue of 617.76M. Therefore, the gross margin over that period was 66.7%.
JEF - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Jefferies Financial Group Inc. reported a gross profit of 1.68B and revenue of 2.87B. Therefore, the gross margin over that period was 58.5%.
TW - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Tradeweb Markets Inc. reported an operating income of 287.25M and revenue of 617.76M, resulting in an operating margin of 46.5%.
JEF - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Jefferies Financial Group Inc. reported an operating income of 0.00 and revenue of 2.87B, resulting in an operating margin of 0.0%.
TW - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Tradeweb Markets Inc. reported a net income of 205.28M and revenue of 617.76M, resulting in a net margin of 33.2%.
JEF - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Jefferies Financial Group Inc. reported a net income of 155.70M and revenue of 2.87B, resulting in a net margin of 5.4%.
Frequently Asked Questions
TW and JEF have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TW has higher volatility (8.50%) compared to JEF (8.05%). In terms of maximum drawdown, TW dropped -48.64% vs JEF's -80.74%.
JEF currently has the higher Sharpe Ratio (0.34 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.
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