AA vs. VALE
AA (Alcoa Corporation) and VALE (Vale S.A.) are both stocks. Both are in the Basic Materials sector — AA in Aluminum, VALE in Other Industrial Metals & Mining. Over the past 5 years, AA returned 3.90%/yr vs 0.27%/yr for VALE. Their 0.50 correlation means they have sometimes moved together and sometimes differently.
Performance
AA vs. VALE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, AA achieves a -16.78% return, which is significantly lower than VALE's 13.43% return.
AA
- 1D
- -0.36%
- 1M
- -18.52%
- 6M
- -24.47%
- YTD
- -16.78%
- 1Y
- 44.27%
- 3Y*
- 9.51%
- 5Y*
- 3.90%
- 10Y*
- —
- ALL TIME*
- 7.93%
VALE
- 1D
- -0.07%
- 1M
- -1.92%
- 6M
- -5.86%
- YTD
- 13.43%
- 1Y
- 55.55%
- 3Y*
- 9.69%
- 5Y*
- 0.27%
- 10Y*
- 17.64%
- ALL TIME*
- 13.68%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $260.08M | $310.70M | $319.78M | |
VALE Vale S.A. | $298.85M | $301.63M | $361.18M |
AA vs. VALE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AA Alcoa Corporation | -16.78% | 42.46% | 12.43% | -24.33% | -23.12% | 159.05% | 7.16% | -19.07% | -50.66% | 91.84% |
VALE Vale S.A. | 13.43% | 60.70% | -38.83% | 1.57% | 32.54% | -1.45% | 32.40% | 2.72% | 12.25% | 68.03% |
Correlation
The correlation between AA and VALE is 0.45, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.45 |
Correlation (3Y) Balances recent behavior with more history. | 0.50 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.52 |
Correlation (All Time) Calculated using the full available price history since Nov 1, 2016 | 0.50 |
The correlation between AA and VALE has been stable across timeframes, ranging from 0.45 to 0.52 - a consistent structural relationship.
Fundamentals
AA:
$11.63B
VALE:
$63.03B
AA:
$4.86
VALE:
$0.65
AA:
9.08
VALE:
22.62
AA:
0.85
VALE:
1.60
AA:
1.58
VALE:
1.73
AA:
$13.60B
VALE:
$39.53B
AA:
$876.00M
VALE:
$13.65B
AA:
$1.99B
VALE:
$14.33B
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
AA vs. VALE — Risk / Return Rank
AA
VALE
AA vs. VALE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alcoa Corporation (AA) and Vale S.A. (VALE). 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.
| AA | VALE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.97 | ||
| Sortino ratioReturn per unit of downside risk | -0.88 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.30 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 0.92 | 2.64 | -1.71 |
| Martin ratioReturn relative to average drawdown | 2.94 | 6.85 | -3.91 |
Loading charts...
Drawdowns
AA vs. VALE - Drawdown Comparison
The maximum AA drawdown since its inception was -90.90%, roughly equal to the maximum VALE drawdown of -92.78%. Use the drawdown chart below to compare losses from any high point for AA and VALE.
Loading charts...
Drawdown Indicators
| AA | VALE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.90% | -92.78% | +1.88% |
Max Drawdown (1Y)Largest decline over 1 year | -48.11% | -21.16% | -26.95% |
Max Drawdown (3Y)Largest decline over 3 years | -52.25% | -41.94% | -10.31% |
Max Drawdown (5Y)Largest decline over 5 years | -75.46% | -49.79% | -25.67% |
Max Drawdown (10Y)Largest decline over 10 years | — | -57.60% | — |
Current DrawdownCurrent decline from peak | -51.46% | -17.06% | -34.40% |
Average DrawdownAverage peak-to-trough decline | -46.10% | -36.60% | -9.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.09% | 8.14% | +6.95% |
Volatility
AA vs. VALE - Volatility Comparison
Alcoa Corporation (AA) has a higher volatility of 13.91% compared to Vale S.A. (VALE) at 8.79%. This indicates that AA's price experiences larger fluctuations and is considered to be riskier than VALE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| AA | VALE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.91% | 8.79% | +5.12% |
Volatility (6M)Calculated over the trailing 6-month period | 41.15% | 26.38% | +14.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.49% | 31.47% | +24.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 56.14% | 35.53% | +20.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 55.64% | 40.53% | +15.11% |
Dividends
AA vs. VALE - Dividend Comparison
AA's dividend yield for the trailing twelve months is around 0.91%, less than VALE's 3.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AA Alcoa Corporation | 0.91% | 0.75% | 1.06% | 1.18% | 0.88% | 0.17% | 0.00% | 0.00% | 0.00% | 0.00% | 0.32% | 0.00% |
VALE Vale S.A. | 3.89% | 7.29% | 11.41% | 7.75% | 8.63% | 19.70% | 2.72% | 2.63% | 4.16% | 3.77% | 1.06% | 7.48% |
Financials
AA vs. VALE - Financials Comparison
This section allows you to compare key financial metrics between Alcoa Corporation and Vale S.A.. 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
AA vs. VALE - Profitability Comparison
AA - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Alcoa Corporation reported a gross profit of -681.00M and revenue of 3.97B. Therefore, the gross margin over that period was -17.2%.
VALE - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Vale S.A. reported a gross profit of 3.06B and revenue of 9.26B. Therefore, the gross margin over that period was 33.0%.
AA - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Alcoa Corporation reported an operating income of -426.00M and revenue of 3.97B, resulting in an operating margin of -10.7%.
VALE - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Vale S.A. reported an operating income of 2.67B and revenue of 9.26B, resulting in an operating margin of 28.8%.
AA - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Alcoa Corporation reported a net income of 407.00M and revenue of 3.97B, resulting in a net margin of 10.3%.
VALE - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Vale S.A. reported a net income of 1.89B and revenue of 9.26B, resulting in a net margin of 20.5%.
Frequently Asked Questions
AA and VALE have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AA has higher volatility (13.91%) compared to VALE (8.79%). In terms of maximum drawdown, AA dropped -90.90% vs VALE's -92.78%.
VALE currently has the higher Sharpe Ratio (1.78 vs 0.80), 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.
Find the right allocation for AA and VALE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer