MKTX vs SPY
Comparison between MarketAxess Holdings Inc (MKTX, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed MKTX, delivering a return of +13.8% compared to -20.1%
MKTX vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
MKTX vs SPY - Historical Returns
Returns include dividend reinvestment.
MKTX vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | MKTX | SPY |
|---|---|---|
| 2026 | -22.05% | +8.80% |
| 2025 | -18.26% | +18.00% |
| 2024 | -19.83% | +25.59% |
| 2023 | +3.88% | +26.72% |
| 2022 | -29.01% | -18.64% |
| 2021 | -26.51% | +30.52% |
| 2020 | +50.84% | +17.28% |
| 2019 | +82.49% | +31.09% |
| 2018 | +4.66% | -5.24% |
| 2017 | +35.29% | +20.78% |
| 2016 | +35.49% | +13.59% |
| 2015 | +60.05% | +1.31% |
| 2014 | +10.85% | +14.56% |
| 2013 | +86.74% | +29.00% |
| 2012 | +27.24% | +14.17% |
| 2011 | +49.22% | +0.85% |
| 2010 | +49.24% | +13.14% |
| 2009 | +61.04% | +22.67% |
| 2008 | -33.55% | -36.25% |
| 2007 | -4.82% | +5.32% |
| 2006 | +20.94% | +13.85% |
| 2005 | -28.34% | +5.32% |
| 2004 | -2.74% | +10.75% |
| 2003 | N/A | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
MKTX vs SPY Drawdown Comparison
The maximum drawdown for MKTX was -80.60%, occurring on Oct 17, 2008. Recovery took 1549 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current MKTX drawdown is -75.02%. The current SPY drawdown is -0.92%.
| Rank | MKTX | SPY |
|---|---|---|
| #1 | -80.60% Nov 22, 2004 - Jan 18, 2011 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -75.04% Dec 22, 2020 - May 15, 2026 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -32.71% Sep 6, 2019 - Apr 16, 2020 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -32.34% Nov 21, 2013 - Dec 17, 2014 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -30.38% Mar 28, 2012 - Jan 2, 2013 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -22.24% Mar 16, 2018 - Dec 7, 2018 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -20.10% Aug 29, 2011 - Nov 3, 2011 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -19.95% Jul 9, 2020 - Oct 20, 2020 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -16.64% Jun 19, 2017 - Jan 5, 2018 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -16.39% Apr 7, 2011 - Jul 1, 2011 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -15.90% Sep 15, 2016 - Jan 25, 2017 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -15.73% Jul 10, 2015 - Nov 18, 2015 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -14.71% Nov 3, 2011 - Dec 20, 2011 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -13.55% Aug 3, 2011 - Aug 17, 2011 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -13.09% Dec 13, 2018 - Feb 15, 2019 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between MKTX and SPY is 0.66 which considered as a moderate positive correlation - the stocks show some tendency to move together.
Dividend Comparison (1999 - 2026)
MKTX vs SPY dividend yield comparison.
| Year | MKTX | SPY |
|---|---|---|
| 2026 | 1.13% | 0.24% |
| 2025 | 1.68% | 1.07% |
| 2024 | 1.64% | 1.21% |
| 2023 | 0.98% | 1.40% |
| 2022 | 1.00% | 1.65% |
| 2021 | 0.64% | 1.20% |
| 2020 | 0.42% | 1.52% |
| 2019 | 0.54% | 1.75% |
| 2018 | 0.80% | 2.04% |
| 2017 | 0.65% | 1.80% |
| 2016 | 0.71% | 2.03% |
| 2015 | 0.72% | 2.06% |
| 2014 | 0.89% | 1.87% |
| 2013 | 0.78% | 1.81% |
| 2012 | 4.93% | 2.18% |
| 2011 | 1.20% | 2.05% |
| 2010 | 1.35% | 1.80% |
| 2009 | 0.50% | 1.95% |
| 2008 | 0.00% | 3.02% |
| 2007 | 0.00% | 1.85% |
| 2006 | 0.00% | 1.73% |
| 2005 | 0.00% | 1.73% |
| 2004 | 0.00% | 1.82% |
| 2003 | 0.00% | 1.47% |
| 2002 | 0.00% | 1.70% |
| 2001 | 0.00% | 1.25% |
| 2000 | 0.00% | 1.15% |
| 1999 | 0.00% | 0.24% |
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