MRX vs SNEX: Correlation
How closely do Marex Group Limited (MRX) and StoneX Group Inc. (SNEX) trade together? Their weekly returns over three years give a correlation of 0.62, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MRX and SNEX?
Over the past 3 years, MRX and SNEX moved with a correlation of 0.62, which is strong. The relationship has been stable: the 1-year correlation (0.66) sits close to the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 976.3 %².
In MRX's tracked universe of 16 assets, SNEX sits right near the top at #1. Their recent paths diverged sharply: over the last 12 months MRX outperformed by 45.8 percentage points (+99.6% for MRX against +53.8% for SNEX).
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
MRX vs SNEX: side by side
| MRX (Marex Group Limited) | SNEX (StoneX Group Inc.) | |
|---|---|---|
| 1-year return | +99.6% | +53.8% |
| 5-year return | n/a | +414.2% |
| Volatility (ann.) | 39.3% | 37.4% |
| Beta vs S&P 500 | 0.44 | 0.90 |
| Max drawdown (3Y) | -41.1% | -30.2% |
| Market cap | – | $8.2B |
| P/E (trailing) | 14.6 | 18.7 |
| Dividend yield | 1.04% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MRX | SNEX |
|---|---|---|
| 2022 | – | +55.6% |
| 2023 | – | +16.2% |
| 2024 | – | +32.7% |
| 2025 | +25.1% | +45.7% |
| 2026 | +87.8% | +61.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MRX and SNEX good diversifiers for each other?
Only partially. A correlation of 0.62 means MRX and SNEX share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between MRX and SNEX?
As of 2026-08-27, the correlation of weekly returns between MRX and SNEX is 0.62 over 3 years, 0.66 over 1 year and n/a over 5 years.
Is SNEX a good diversifier for MRX?
Only partially. A correlation of 0.62 means MRX and SNEX share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.62 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/mrx-vs-snex.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/mrx-vs-snex/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MRX correlations · SNEX correlations
