Tearsheet

Marketwise (MKTW)


Market Price (12/25/2025): $14.27 | Market Cap: $35.5 Mil
Sector: Financials | Industry: Financial Exchanges & Data

Marketwise (MKTW)


Market Price (12/25/2025): $14.27
Market Cap: $35.5 Mil
Sector: Financials
Industry: Financial Exchanges & Data

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.


0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 28%, Dividend Yield is 12%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 24%, FCF Yield is 76%
Weak multi-year price returns
2Y Excs Rtn is -118%, 3Y Excs Rtn is -130%
Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -19%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -14%, Rev Chg QQuarterly Revenue Change % is -16%
1 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -126%
  Key risks
MKTW key risks include [1] a rapidly declining subscriber base and the associated decrease in revenue, Show more.
2 Megatrend and thematic drivers
Megatrends include Fintech & Digital Payments, and Digital Content & Streaming. Themes include Wealth Management Technology, and Financial Content & Education.
  
0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 28%, Dividend Yield is 12%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 24%, FCF Yield is 76%
1 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -126%
2 Megatrend and thematic drivers
Megatrends include Fintech & Digital Payments, and Digital Content & Streaming. Themes include Wealth Management Technology, and Financial Content & Education.
3 Weak multi-year price returns
2Y Excs Rtn is -118%, 3Y Excs Rtn is -130%
4 Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -19%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -14%, Rev Chg QQuarterly Revenue Change % is -16%
5 Key risks
MKTW key risks include [1] a rapidly declining subscriber base and the associated decrease in revenue, Show more.

Valuation, Metrics & Events

MKTW Stock


Why The Stock Moved


Qualitative Assessment

AI Analysis | Feedback



1. Declining Paid Subscriber Base. MarketWise has faced a significant and ongoing decline in its paid subscriber count. As of March 31, 2025, paid subscribers decreased to 473,407 from 683,436 in the previous year, a trend attributed to lower customer acquisition and elevated churn following the shutdown of the Legacy Research business. This decline continued into Q3 2025, with paid subscribers down 36% year-over-year to 379,000.

2. Decreasing Revenue and Billings. The company experienced a substantial reduction in its top-line performance. Total net revenue for Q1 2025 decreased by 23.4% compared to Q1 2024, primarily due to a decline in term and membership subscription revenue. For the full year 2024, total net revenue decreased by 8.8%, and total billings saw a significant 37.5% decrease compared to 2023.

Show more

Stock Movement Drivers

Fundamental Drivers

The -11.9% change in MKTW stock from 9/24/2025 to 12/24/2025 was primarily driven by a -5.6% change in the company's Shares Outstanding (Mil).
924202512242025Change
Stock Price ($)16.1214.20-11.92%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)358.12342.21-4.44%
Net Income Margin (%)1.69%1.70%0.93%
P/E Multiple6.296.06-3.55%
Shares Outstanding (Mil)2.362.49-5.60%
Cumulative Contribution-12.19%

LTM = Last Twelve Months as of date shown

Market Drivers

9/24/2025 to 12/24/2025
ReturnCorrelation
MKTW-11.9% 
Market (SPY)4.4%-7.2%
Sector (XLF)4.0%7.7%

Fundamental Drivers

The -22.3% change in MKTW stock from 6/25/2025 to 12/24/2025 was primarily driven by a -21.4% change in the company's Shares Outstanding (Mil).
625202512242025Change
Stock Price ($)18.2814.20-22.34%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)383.22342.21-10.70%
Net Income Margin (%)1.64%1.70%3.76%
P/E Multiple5.966.061.71%
Shares Outstanding (Mil)2.052.49-21.36%
Cumulative Contribution-25.88%

LTM = Last Twelve Months as of date shown

Market Drivers

6/25/2025 to 12/24/2025
ReturnCorrelation
MKTW-22.3% 
Market (SPY)14.0%7.4%
Sector (XLF)8.8%22.5%

Fundamental Drivers

The 55.4% change in MKTW stock from 12/24/2024 to 12/24/2025 was primarily driven by a 72.3% change in the company's P/E Multiple.
1224202412242025Change
Stock Price ($)9.1414.2055.40%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)423.38342.21-19.17%
Net Income Margin (%)1.20%1.70%42.55%
P/E Multiple3.526.0672.34%
Shares Outstanding (Mil)1.952.49-27.77%
Cumulative Contribution43.42%

LTM = Last Twelve Months as of date shown

Market Drivers

12/24/2024 to 12/24/2025
ReturnCorrelation
MKTW55.4% 
Market (SPY)15.8%17.7%
Sector (XLF)14.9%20.4%

Fundamental Drivers

The -43.7% change in MKTW stock from 12/25/2022 to 12/24/2025 was primarily driven by a -111.5% change in the company's Shares Outstanding (Mil).
1225202212242025Change
Stock Price ($)25.2214.20-43.69%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)531.42342.21-35.61%
Net Income Margin (%)4.19%1.70%-59.34%
P/E Multiple1.336.06354.90%
Shares Outstanding (Mil)1.182.49-111.53%
Cumulative Contribution-113.74%

LTM = Last Twelve Months as of date shown

Market Drivers

12/25/2023 to 12/24/2025
ReturnCorrelation
MKTW-71.9% 
Market (SPY)48.9%20.9%
Sector (XLF)53.2%19.8%

Return vs. Risk


Price Returns Compared

 202020212022202320242025Total [1]
Returns
MKTW Return�-27%-78%76%-78%42%-91%
Peers Return27%36%-18%22%13%2%100%
S&P 500 Return16%27%-19%24%23%18%115%

Monthly Win Rates [3]
MKTW Win Rate67%58%17%42%8%50% 
Peers Win Rate58%57%43%55%53%57% 
S&P 500 Win Rate58%75%42%67%75%73% 

Max Drawdowns [4]
MKTW Max Drawdown�-43%-79%-23%-82%-13% 
Peers Max Drawdown-25%-9%-29%-9%-13%-14% 
S&P 500 Max Drawdown-31%-1%-25%-1%-2%-15% 


[1] Cumulative total returns since the beginning of 2020
[2] Peers: CME, ICE, MSCI, VALU, SPGI.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/24/2025 (YTD)

How Low Can It Go

Unique KeyEventMKTWS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-91.4%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven1067.4%34.1%
2022 Inflation ShockTime to BreakevenTime to BreakevenNot Fully Recovered days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-3.9%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven4.0%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven49 days148 days

Compare to CME, ICE, MSCI, VALU, SPGI

In The Past

Marketwise's stock fell -91.4% during the 2022 Inflation Shock from a high on 8/2/2021. A -91.4% loss requires a 1067.4% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth over time.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Marketwise (MKTW)

MarketWise, Inc. operates a multi-brand platform of subscription businesses that provides financial research, software, education, and tools for investors in the United States and Internationally. The company offers a portfolio of independent investment research, as well as various software and analytical tools on a subscription basis. It provides its research across various platforms, including desktop and laptop, as well as mobile devices, such as tablets and mobile phones. The company serves approximately 972 thousand paid subscribers and approximately 13.7 million free subscribers. MarketWise, Inc. was founded in 1999 and is headquartered in Baltimore, Maryland.

AI Analysis | Feedback

Here are 1-3 brief analogies to describe Marketwise (MKTW):
  • Marketwise is like **The Motley Fool, but operating a larger collection of niche investment research publications and services.**
  • Think of it as **a diversified 'Motley Fool' focused on specialized subscription-based investment newsletters and research.**
  • It's a **digital publisher of financial insights and stock recommendations, similar to a network of 'Motley Fool'-style services** for individual investors.

AI Analysis | Feedback

  • Subscription-Based Investment Research: This service provides subscribers with market analysis, stock recommendations, and investment strategies through various digital newsletters, reports, and platforms.
  • Financial Education and Training: This service offers educational courses, webinars, and content designed to teach individuals about investing, trading, and personal finance.
  • Digital Financial Media Publishing: This service involves publishing a wide array of financial news, commentary, and expert insights across various specialized brands and imprints.

AI Analysis | Feedback

Marketwise (symbol: MKTW) primarily sells its subscription services and products to **individuals**, specifically self-directed investors seeking independent financial research, education, and investment tools.

The company serves a broad spectrum of individual investors, which can be categorized as follows:

  • Beginner and Intermediate Self-Directed Investors: These customers are typically looking for foundational financial education, basic investment strategies, and guidance to help them start investing or enhance their existing portfolios. They are often interested in long-term growth strategies, dividend investing, and general market commentary.

  • Experienced and Sophisticated Self-Directed Investors: These customers possess a greater understanding of financial markets and are seeking more advanced research, specialized investment strategies (e.g., options trading, commodities, specific sectors), and in-depth analysis to optimize their returns or manage risk. They are often looking for actionable insights and expert opinions beyond basic advice.

  • Active Traders and High-Frequency Investors: This segment comprises individuals who engage in frequent trading activities and require timely market analysis, real-time alerts, quantitative tools, and specialized strategies designed for short-term opportunities across various asset classes (e.g., stocks, options, cryptocurrencies, forex).

AI Analysis | Feedback

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Dr. David Eifrig, Chief Executive Officer

Dr. David Eifrig was appointed Chief Executive Officer of MarketWise in August 2024. He was previously listed as CEO in July 2021.

Erik Mickels, Chief Operating and Financial Officer

Erik Mickels was appointed Chief Financial Officer of MarketWise effective August 15, 2023, and subsequently named Chief Operating and Financial Officer in August 2025. Prior to joining MarketWise, he served as the Group Chief Financial Officer and Senior Vice President of Trilogy International Partners, Inc. since 2016. His tenure at Trilogy also included roles as Vice President of Finance and Chief Accounting Officer from 2015 to 2016, and Vice President and Corporate Controller from 2014 to 2015. Before Trilogy, Mr. Mickels held increasingly senior positions at KPMG LLP from 2000 to 2014. His experience includes guiding acquisitions, leading successful initiatives, and the sale of a billion-dollar international subsidiary. He played a key role in building and scaling a publicly traded telecommunications business, leading its public offering, and overseeing a successful exit in 2022. Mr. Mickels is a Certified Public Accountant, holds a Bachelor's degree in accounting from Hillsdale College, and is a graduate of the Advanced Management Program at Harvard Business School.

Marco Galsim, Chief Information Officer

Marco Galsim became Chief Information Officer for MarketWise in 2020, having previously served as the Head of Technology for seven years. He is responsible for leading the development of the company's innovative, robust, scalable, and secure technology infrastructure.

Scott Daniel Forney, General Counsel and Corporate Secretary

Scott Daniel Forney was promoted to General Counsel and Corporate Secretary at MarketWise in 2023, following five years as Assistant General Counsel. He oversees the company's legal and compliance functions and offers strategic business and legal advice to the board of directors, executive leadership team, and operating companies across various practice areas.

Lee Harris, Senior Vice President, Financial Planning & Analysis

AI Analysis | Feedback

Marketwise (MKTW) faces several key risks to its business operations and financial performance. The most significant challenges include a declining subscriber base and revenue, intense competition within the financial content industry, and reputational and regulatory risks. The company's core business is significantly threatened by its **declining subscriber base and associated revenue decrease**. Marketwise has experienced a rapid loss of paid subscribers, with numbers falling from 774,000 in Q3 2023 to 592,000 in Q3 2024, and total billings also seeing a sharp decline. This trend directly impacts revenue and is a crucial factor for the company's financial health, necessitating improved subscriber retention and new customer acquisition strategies. Marketwise operates in a **highly competitive market for financial research and content**. It faces a diverse range of competitors, from specialized publishers and traditional financial news outlets to free online content providers, social media platforms, and institutional financial software providers. This intense competition can lead to pricing pressures, reduced margins, and a loss of market share, making it challenging for Marketwise to attract and retain customers. Finally, **reputational and regulatory risks** pose a significant threat. The company has previously faced issues such as misconduct at its Legacy Research subsidiary, which involved ethical breaches and undisclosed compensation. This incident led to the winding down of that business and could erode trust with subscribers. Furthermore, Marketwise must navigate and comply with various federal and state securities laws, as well as evolving data privacy and cybersecurity regulations. Non-compliance or further reputational damage could lead to substantial financial liabilities and a loss of public confidence.

AI Analysis | Feedback

The rapid advancement and increasing sophistication of artificial intelligence (AI) and generative AI tools pose a clear emerging threat to Marketwise's business model. These technologies are increasingly capable of performing automated financial analysis, synthesizing vast amounts of market data, generating investment insights, and creating personalized financial content. As AI tools become more powerful, accessible, and potentially cheaper or free, they could significantly erode the value proposition of Marketwise's subscription-based, human-curated financial research, software, and education services. This parallels how Netflix's streaming technology fundamentally disrupted Blockbuster's physical media business by offering a new, more efficient way to consume content.

AI Analysis | Feedback

MarketWise (NASDAQ: MKTW) operates a multi-brand digital subscription services platform, providing self-directed investors with a range of products including financial research, software, education, and investment tools both in the United States and internationally.

The addressable markets for MarketWise's main products and services can be estimated by examining related industry segments:

  • Global Education Technology Market: MarketWise's offerings include financial education. The global education technology (EdTech) market was estimated at $163.49 billion in 2024 and is projected to reach $348.41 billion by 2030, growing at a CAGR of 13.3% from 2025 to 2030.
  • Global Financial Services Market: MarketWise provides financial research, software, and tools. The global financial services market size is projected to grow to $47.55 trillion in 2029 with a compound annual growth rate (CAGR) of 7.1%. This broader market encompasses various financial activities, including investment services. The global financial market size was recorded at $26.88 trillion in 2021 and is expected to reach $35.85 trillion by the end of 2025.

AI Analysis | Feedback

MarketWise (MKTW) anticipates several key drivers for future revenue growth over the next 2-3 years, primarily stemming from its focus on customer engagement and strategic investments. Here are the expected drivers:
  • Growth in Paid Subscribers: MarketWise is actively working on increasing its total number of paid subscribers. The company is developing initiatives specifically aimed at enhancing customer acquisition, improving engagement, and boosting retention rates to expand its subscriber base.
  • Increasing Average Revenue Per User (ARPU): The company is focused on driving higher Average Revenue Per User, indicating an effort to better monetize its existing customer base and the value customers find in its products.
  • Launch of New Products and Targeted Marketing Campaigns: MarketWise acknowledges that the timing of product launches and focused marketing campaigns can significantly influence its financial results and cash flow. These initiatives are expected to play a role in driving revenue.
  • Prudent Investments in the Business: As part of its disciplined capital allocation strategy, MarketWise plans to make prudent investments back into its business. These investments are intended to support and fuel overall growth.

AI Analysis | Feedback

Share Repurchases

  • In November 2021, the Board of Directors authorized a share repurchase program of up to $35 million of Class A common stock, which was set to expire on November 3, 2023.
  • A new share repurchase program of up to $50 million of Class A common stock was authorized by the Board in February 2025.
  • Since April 2025, the company repurchased 174,897 shares for $2.9 million, with repurchases under this program suspended effective October 30, 2025, following a proposal to acquire the company.

Share Issuance

  • A 1-for-20 reverse stock split was implemented on April 2, 2025, which reduced the issued and outstanding Class A common stock from approximately 49.5 million shares to about 2.47 million shares, and Class B common stock from roughly 276.6 million shares to 13.8 million shares.

Inbound Investments

  • On October 29, 2025, MarketWise received a proposal from Monument & Cathedral Holdings, LLC to acquire all outstanding equity interests not already owned by them for $17.25 per share.

Capital Expenditures

  • For the nine months ended September 30, 2025, capital expenditures totaled $1.038 million.
  • For the last 12 months (prior to late 2025 filings), capital expenditures were -$259,000.
  • Capital expenditures primarily focus on purchases of property and equipment, along with capitalized software development costs.

Better Bets than Marketwise (MKTW)

Latest Trefis Analyses

Title
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Trade Ideas

Select ideas related to MKTW. For more, see Trefis Trade Ideas.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
WU_11212025_Dip_Buyer_FCFYield11212025WUWestern UnionDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
13.8%13.8%-0.4%
COIN_11212025_Monopoly_xInd_xCD_Getting_Cheaper11212025COINCoinbase GlobalMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
-0.3%-0.3%-0.5%
PYPL_11142025_Dip_Buyer_FCFYield11142025PYPLPayPalDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
-4.4%-4.4%-7.5%
V_11142025_Monopoly_xInd_xCD_Getting_Cheaper11142025VVisaMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
7.6%7.6%-2.7%
WD_11072025_Dip_Buyer_ValueBuy11072025WDWalker & DunlopDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
-11.2%-11.2%-12.1%

Recent Active Movers

More From Trefis

Peer Comparisons for Marketwise

Peers to compare with:

Financials

MKTWCMEICEMSCIVALUSPGIMedian
NameMarketwi.CME Intercon.MSCI Value Li.S&P Glob. 
Mkt Price14.20276.38162.63581.7538.15525.74219.50
Mkt Cap0.099.493.244.50.4160.068.8
Rev LTM3426,39712,5543,0553515,0124,726
Op Inc LTM784,1574,7931,65556,0312,906
FCF LTM274,0844,0781,388215,4612,733
FCF 3Y Avg233,6743,5261,273194,6572,400
CFO LTM284,1614,8761,518215,6432,840
CFO 3Y Avg243,7564,1511,380194,8052,568

Growth & Margins

MKTWCMEICEMSCIVALUSPGIMedian
NameMarketwi.CME Intercon.MSCI Value Li.S&P Glob. 
Rev Chg LTM-19.2%5.8%16.3%9.0%-3.7%9.0%7.4%
Rev Chg 3Y Avg-13.5%8.9%10.0%11.2%-5.1%13.3%9.5%
Rev Chg Q-16.4%-3.0%12.6%9.5%-3.2%8.8%2.9%
QoQ Delta Rev Chg LTM-4.4%-0.7%3.0%2.3%-0.8%2.1%0.7%
Op Mgn LTM22.9%65.0%38.2%54.2%15.7%40.2%39.2%
Op Mgn 3Y Avg18.5%63.1%38.8%54.1%21.5%36.3%37.5%
QoQ Delta Op Mgn LTM-0.1%-0.3%0.7%0.3%-0.5%1.0%0.1%
CFO/Rev LTM8.1%65.0%38.8%49.7%60.6%37.6%44.3%
CFO/Rev 3Y Avg5.9%63.3%37.8%50.0%51.9%34.8%43.9%
FCF/Rev LTM7.8%63.8%32.5%45.4%60.1%36.4%40.9%
FCF/Rev 3Y Avg5.6%61.9%32.1%46.1%51.5%33.7%39.9%

Valuation

MKTWCMEICEMSCIVALUSPGIMedian
NameMarketwi.CME Intercon.MSCI Value Li.S&P Glob. 
Mkt Cap0.099.493.244.50.4160.068.8
P/S0.115.57.414.610.410.710.5
P/EBIT0.519.819.226.866.426.022.9
P/E6.126.431.036.416.937.928.7
P/CFO1.323.919.129.317.228.421.5
Total Yield28.4%6.4%4.4%4.0%9.2%3.4%5.4%
Dividend Yield11.9%2.6%1.2%1.2%3.3%0.7%1.9%
FCF Yield 3Y Avg40.9%4.5%4.3%2.9%4.6%3.3%4.4%
D/E0.20.00.20.10.00.10.1
Net D/E-1.30.00.20.1-0.20.10.0

Returns

MKTWCMEICEMSCIVALUSPGIMedian
NameMarketwi.CME Intercon.MSCI Value Li.S&P Glob. 
1M Rtn-11.5%0.7%6.7%4.5%5.9%7.5%5.2%
3M Rtn-11.9%5.0%-2.9%3.0%1.7%7.3%2.4%
6M Rtn-22.3%2.2%-9.4%2.7%2.0%1.2%1.6%
12M Rtn55.4%20.5%9.3%-3.1%-26.6%4.9%7.1%
3Y Rtn-43.7%83.1%64.5%29.9%-18.5%61.9%45.9%
1M Excs Rtn-14.9%-2.7%3.3%1.1%2.5%4.1%1.8%
3M Excs Rtn-16.3%-1.6%-7.4%-1.6%-3.2%3.7%-2.4%
6M Excs Rtn-37.9%-10.6%-22.4%-9.4%-12.8%-10.4%-11.7%
12M Excs Rtn44.4%4.1%-7.5%-19.5%-44.1%-9.2%-8.3%
3Y Excs Rtn-130.3%4.3%-13.0%-51.2%-88.2%-21.0%-36.1%

Financials

Segment Financials

Revenue by Segment
$ Mil20242023202220212020
Single Segment448    
Membership subscriptions 19519213599
Non-subscription revenue 45812
Term subscriptions 314352222162
Total448512549364272


Price Behavior

Price Behavior
Market Price$14.20 
Market Cap ($ Bil)0.0 
First Trading Date09/14/2020 
Distance from 52W High-29.8% 
   50 Days200 Days
DMA Price$15.69$15.55
DMA Trendupindeterminate
Distance from DMA-9.5%-8.7%
 3M1YR
Volatility49.8%78.4%
Downside Capture-15.0355.12
Upside Capture-70.9990.60
Correlation (SPY)-7.1%18.0%
MKTW Betas & Captures as of 11/30/2025

 1M2M3M6M1Y3Y
Beta-0.05-0.170.030.820.761.05
Up Beta-0.990.270.860.921.141.57
Down Beta-3.14-0.67-1.03-0.760.130.66
Up Capture51%2%5%124%117%36%
Bmk +ve Days13263974142427
Stock +ve Days8172360124347
Down Capture69%-3%57%165%72%102%
Bmk -ve Days7162452107323
Stock -ve Days11243965124365

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
 Comparison of MKTW With Other Asset Classes (Last 1Y)
 MKTWSector ETFEquityGoldCommoditiesReal EstateBitcoin
Annualized Return56.9%18.3%19.2%71.9%8.9%6.0%-10.4%
Annualized Volatility78.1%19.0%19.5%19.3%15.3%17.1%35.0%
Sharpe Ratio0.880.750.782.690.360.18-0.12
Correlation With Other Assets 20.2%17.6%3.4%8.6%22.5%15.4%

ETFs used for asset classes: Sector ETF = XLF, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
 Comparison of MKTW With Other Asset Classes (Last 5Y)
 MKTWSector ETFEquityGoldCommoditiesReal EstateBitcoin
Annualized Return-38.2%16.3%14.9%18.7%11.7%4.8%32.6%
Annualized Volatility75.1%18.9%17.1%15.5%18.7%18.9%48.7%
Sharpe Ratio-0.310.720.700.970.510.170.59
Correlation With Other Assets 19.3%24.7%9.8%9.7%20.5%11.5%

ETFs used for asset classes: Sector ETF = XLF, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
 Comparison of MKTW With Other Asset Classes (Last 10Y)
 MKTWSector ETFEquityGoldCommoditiesReal EstateBitcoin
Annualized Return-36.4%13.0%14.7%14.9%6.9%5.2%69.2%
Annualized Volatility73.2%22.3%18.0%14.8%17.6%20.8%55.8%
Sharpe Ratio-0.300.540.700.830.310.220.90
Correlation With Other Assets 18.5%24.2%9.6%9.7%20.1%11.3%

ETFs used for asset classes: Sector ETF = XLF, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date12152025
Short Interest: Shares Quantity23,939
Short Interest: % Change Since 11302025-6.0%
Average Daily Volume8,338
Days-to-Cover Short Interest2.87
Basic Shares Quantity2,489,000
Short % of Basic Shares1.0%

Earnings Returns History

Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
11/6/20254.4%3.0%0.3%
8/7/2025-6.1%0.4%-6.7%
2/28/202524.0%19.5%-17.5%
11/7/20240.5%-19.2%-11.4%
8/14/2024-3.3%6.9%-1.0%
3/7/20247.6%8.7%-10.4%
11/9/20232.6%21.8%19.7%
8/10/2023-20.5%-13.5%-24.8%
...
SUMMARY STATS   
# Positive873
# Negative5610
Median Positive6.0%8.7%7.6%
Median Negative-6.1%-6.7%-13.0%
Max Positive24.0%27.7%19.7%
Max Negative-20.5%-19.2%-24.8%

SEC Filings

Expand for More
Report DateFiling DateFiling
93020251106202510-Q 9/30/2025
6302025807202510-Q 6/30/2025
3312025508202510-Q 3/31/2025
12312024306202510-K 12/31/2024
93020241107202410-Q 9/30/2024
6302024814202410-Q 6/30/2024
3312024515202410-Q 3/31/2024
12312023307202410-K 12/31/2023
93020231109202310-Q 9/30/2023
6302023810202310-Q 6/30/2023
3312023511202310-Q 3/31/2023
12312022331202310-K 12/31/2022
93020221103202210-Q 9/30/2022
6302022808202210-Q 6/30/2022
3312022509202210-Q 3/31/2022
12312021310202210-K 12/31/2021