XP vs. MARA
XP (XP Inc.) and MARA (MARA Holdings, Inc.) are both stocks. Both operate in the Capital Markets industry within the Financial Services sector. Over the past 5 years, XP returned -17.02%/yr vs -11.67%/yr for MARA. At a 0.35 correlation, their price movements are largely independent.
Performance
XP vs. MARA - Performance Comparison
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Returns By Period
In the year-to-date period, XP achieves a -1.06% return, which is significantly lower than MARA's 65.37% return.
XP
- 1D
- 4.51%
- 1M
- -3.70%
- YTD
- -1.06%
- 6M
- -0.08%
- 1Y
- -16.23%
- 3Y*
- -8.15%
- 5Y*
- -17.02%
- 10Y*
- —
MARA
- 1D
- 4.43%
- 1M
- 7.53%
- YTD
- 65.37%
- 6M
- 46.59%
- 1Y
- 3.70%
- 3Y*
- 5.32%
- 5Y*
- -11.67%
- 10Y*
- -9.72%
XP vs. MARA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
XP XP Inc. | -1.06% | 39.53% | -52.23% | 79.63% | -46.62% | -27.55% | 2.99% | 17.62% |
MARA MARA Holdings, Inc. | 65.37% | -46.45% | -28.61% | 586.84% | -89.59% | 214.75% | 1,084.48% | -14.43% |
Correlation
The correlation between XP and MARA is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Dec 11, 2019 | 0.35 |
Fundamentals
XP:
$8.40B
MARA:
$5.65B
XP:
R$9.77
MARA:
-$4.95
XP:
2.34
MARA:
7.04
XP:
R$18.65B
MARA:
$867.82M
XP:
R$12.49B
MARA:
$164.95M
XP:
R$6.31B
MARA:
$373.68M
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Return for Risk
XP vs. MARA — Risk / Return Rank
XP
MARA
XP vs. MARA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for XP Inc. (XP) and MARA Holdings, Inc. (MARA). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| XP | MARA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.40 | ||
| Sortino ratioReturn per unit of downside risk | -0.89 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.08 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | -0.48 | 0.05 | -0.53 |
| Martin ratioReturn relative to average drawdown | -1.05 | 0.09 | -1.14 |
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Drawdowns
XP vs. MARA - Drawdown Comparison
The maximum XP drawdown since its inception was -79.19%, smaller than the maximum MARA drawdown of -99.74%. Use the drawdown chart below to compare losses from any high point for XP and MARA.
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Drawdown Indicators
| XP | MARA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.19% | -99.74% | +20.55% |
Max Drawdown (1Y)Largest decline over 1 year | -34.06% | -70.53% | +36.47% |
Max Drawdown (3Y)Largest decline over 3 years | -56.64% | -78.34% | +21.70% |
Max Drawdown (5Y)Largest decline over 5 years | -79.19% | -95.87% | +16.68% |
Max Drawdown (10Y)Largest decline over 10 years | — | -99.20% | — |
Current DrawdownCurrent decline from peak | -64.49% | -90.40% | +25.91% |
Average DrawdownAverage peak-to-trough decline | -47.06% | -78.02% | +30.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.48% | 42.86% | -27.38% |
Volatility
XP vs. MARA - Volatility Comparison
The current volatility for XP Inc. (XP) is 12.19%, while MARA Holdings, Inc. (MARA) has a volatility of 22.59%. This indicates that XP experiences smaller price fluctuations and is considered to be less risky than MARA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XP | MARA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.19% | 22.59% | -10.40% |
Volatility (6M)Calculated over the trailing 6-month period | 35.54% | 59.88% | -24.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.91% | 79.40% | -33.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.75% | 105.92% | -56.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 57.30% | 144.17% | -86.87% |
Dividends
XP vs. MARA - Dividend Comparison
XP's dividend yield for the trailing twelve months is around 2.38%, while MARA has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
MARA MARA Holdings, Inc. | 0.00% | 0.00% | 0.00% | 0.00% |
XP XP Inc. | 2.38% | 1.10% | 5.49% | 5.02% |
Financials
XP vs. MARA - Financials Comparison
This section allows you to compare key financial metrics between XP Inc. and MARA Holdings, 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
Frequently Asked Questions
XP and MARA have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MARA has higher volatility (22.59%) compared to XP (12.19%). In terms of maximum drawdown, XP dropped -79.19% vs MARA's -99.74%.
MARA currently has the higher Sharpe Ratio (0.05 vs -0.36), 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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