MGNI vs RNW
Comparison between Magnite Inc (MGNI, Company) and ReNew Energy Global plc - Class A (RNW, Company).
MGNI is from the Communication Services sector, while RNW is from the Utilities sector.
5-Year PerformanceRNW has outperformed MGNI, delivering a return of -8.4% compared to -13.1%
MGNI vs RNW - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
MGNI vs RNW - Historical Returns
Returns include dividend reinvestment.
MGNI vs RNW - Annual Returns (2014 - 2026)
Returns include dividend reinvestment.
| Year | MGNI | RNW |
|---|---|---|
| 2026 | +1.18% | +9.73% |
| 2025 | +0.81% | -16.91% |
| 2024 | +73.04% | -9.54% |
| 2023 | -5.94% | +50.79% |
| 2022 | -40.61% | -27.25% |
| 2021 | -36.62% | -28.69% |
| 2020 | +239.71% | N/A |
| 2019 | +116.45% | N/A |
| 2018 | +79.33% | N/A |
| 2017 | -75.13% | N/A |
| 2016 | -53.68% | N/A |
| 2015 | +2.56% | N/A |
| 2014 | -19.66% | N/A |
MGNI vs RNW Drawdown Comparison
The maximum drawdown for MGNI was -93.30%, occurring on Mar 1, 2018. Recovery took 1679 trading sessions.
The maximum drawdown for RNW was -64.92%, occurring on Mar 1, 2023. This drawdown has not yet recovered.
The current MGNI drawdown is -73.71%. The current RNW drawdown is -46.55%.
| Rank | MGNI | RNW |
|---|---|---|
| #1 | -93.30% Apr 22, 2014 - Dec 18, 2020 | -64.92% Feb 5, 2021 - Mar 1, 2023 |
| #2 | -90.65% Feb 11, 2021 - Nov 9, 2022 | -0.18% Feb 2, 2021 - Feb 4, 2021 |
| #3 | -22.83% Dec 24, 2020 - Jan 19, 2021 | N/A |
| #4 | -13.57% Jan 22, 2021 - Feb 2, 2021 | N/A |
| #5 | -6.60% Feb 9, 2021 - Feb 11, 2021 | N/A |
| #6 | -5.43% Apr 2, 2014 - Apr 10, 2014 | N/A |
| #7 | -4.52% Apr 15, 2014 - Apr 22, 2014 | N/A |
| #8 | -2.09% Apr 10, 2014 - Apr 14, 2014 | N/A |
| #9 | -0.89% Jan 19, 2021 - Jan 21, 2021 | N/A |
Correlation
Correlation between MGNI and RNW is 0.82 which considered as a strong positive correlation - the stocks tend to move together.
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