AAL.L vs. GLEN.L

Last updated Apr 1, 2026

Compare and contrast key facts about Anglo American plc (AAL.L) and Glencore plc (GLEN.L).

Performance

AAL.L vs. GLEN.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Anglo American plc (AAL.L) and Glencore plc (GLEN.L). The values are adjusted to include any dividend payments, if applicable.

AAL.L vs. GLEN.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AAL.L Anglo American plc	3.43%	34.23%	24.46%	-35.84%	16.69%	36.40%	16.37%	31.56%	19.09%	38.11%
GLEN.L Glencore plc	39.10%	19.35%	-23.37%	-6.11%	57.12%	67.01%	9.85%	-15.47%	-22.76%	42.43%

Fundamentals

Market Cap AAL.L : £37.45B GLEN.L : £68.24B
EPS AAL.L : -£5.75 GLEN.L : -£0.10
PS Ratio AAL.L : 0.82 GLEN.L : 0.14
PB Ratio AAL.L : 2.08 GLEN.L : 1.76
Total Revenue (TTM) AAL.L : £45.86B GLEN.L : £479.07B
Gross Profit (TTM) AAL.L : £36.68B GLEN.L : £11.90B
EBITDA (TTM) AAL.L : £9.45B GLEN.L : £19.53B

Returns By Period

In the year-to-date period, AAL.L achieves a 3.43% return, which is significantly lower than GLEN.L's 39.10% return. Over the past 10 years, AAL.L has outperformed GLEN.L with an annualized return of 25.34%, while GLEN.L has yielded a comparatively lower 19.48% annualized return.

AAL.L

• 1D: 2.78%
• 1M: -13.79%
• YTD: 3.43%
• 6M: 14.57%
• 1Y: 51.70%
• 3Y*: 9.25%
• 5Y*: 7.64%
• 10Y*: 25.34%

GLEN.L

• 1D: 2.17%
• 1M: 5.90%
• YTD: 39.10%
• 6M: 65.54%
• 1Y: 109.30%
• 3Y*: 12.41%
• 5Y*: 20.65%
• 10Y*: 19.48%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

AAL.L vs. GLEN.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AAL.L

AAL.L Risk / Return Rank: 79
AAL.L Sharpe Ratio Rank: 83
AAL.L Sortino Ratio Rank: 78
AAL.L Omega Ratio Rank: 74
AAL.L Calmar Ratio Rank: 79
AAL.L Martin Ratio Rank: 84

GLEN.L

GLEN.L Risk / Return Rank: 96
GLEN.L Sharpe Ratio Rank: 97
GLEN.L Sortino Ratio Rank: 95
GLEN.L Omega Ratio Rank: 95
GLEN.L Calmar Ratio Rank: 95
GLEN.L Martin Ratio Rank: 97

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AAL.L vs. GLEN.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Anglo American plc (AAL.L) and Glencore plc (GLEN.L). 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.

	AAL.L	GLEN.L	Difference
Sharpe ratio Return per unit of total volatility	1.36	3.14	-1.78
Sortino ratio Return per unit of downside risk	1.97	3.54	-1.57
Omega ratio Gain probability vs. loss probability	1.24	1.50	-0.26
Calmar ratio Return relative to maximum drawdown	2.09	5.69	-3.61
Martin ratio Return relative to average drawdown	7.24	19.72	-12.49
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AAL.L vs. GLEN.L - Sharpe Ratio Comparison

The current AAL.L Sharpe Ratio is 1.36, which is lower than the GLEN.L Sharpe Ratio of 3.14. The chart below compares the historical Sharpe Ratios of AAL.L and GLEN.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	AAL.L	GLEN.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.36	3.14	-1.78
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.19	0.64	-0.44
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.62	0.54	+0.08
Sharpe Ratio (All Time) Calculated using the full available price history	0.22	0.10	+0.12

Correlation

The correlation between AAL.L and GLEN.L is 0.75, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

AAL.L vs. GLEN.L - Dividend Comparison

AAL.L's dividend yield for the trailing twelve months is around 0.54%, less than GLEN.L's 1.72% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AAL.L Anglo American plc	0.54%	0.78%	3.17%	6.04%	8.43%	8.95%	2.83%	4.82%	5.08%	2.76%	0.00%	22.15%
GLEN.L Glencore plc	1.72%	2.39%	2.86%	8.72%	5.57%	3.08%	6.71%	5.31%	3.85%	1.05%	0.00%	9.87%

Drawdowns

AAL.L vs. GLEN.L - Drawdown Comparison

The maximum AAL.L drawdown since its inception was -92.48%, which is greater than GLEN.L's maximum drawdown of -85.66%. Use the drawdown chart below to compare losses from any high point for AAL.L and GLEN.L.

Drawdown Indicators

	AAL.L	GLEN.L	Difference
Max Drawdown Largest peak-to-trough decline	-92.48%	-85.66%	-6.82%
Max Drawdown (1Y) Largest decline over 1 year	-24.85%	-19.04%	-5.81%
Max Drawdown (5Y) Largest decline over 5 years	-55.95%	-55.24%	-0.71%
Max Drawdown (10Y) Largest decline over 10 years	-55.95%	-70.67%	+14.72%
Current Drawdown Current decline from peak	-16.67%	0.00%	-16.67%
Average Drawdown Average peak-to-trough decline	-29.76%	-32.34%	+2.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.17%	5.40%	+1.77%

Volatility

AAL.L vs. GLEN.L - Volatility Comparison

Anglo American plc (AAL.L) has a higher volatility of 15.34% compared to Glencore plc (GLEN.L) at 8.15%. This indicates that AAL.L's price experiences larger fluctuations and is considered to be riskier than GLEN.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AAL.L	GLEN.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.34%	8.15%	+7.19%
Volatility (6M) Calculated over the trailing 6-month period	26.24%	23.10%	+3.14%
Volatility (1Y) Calculated over the trailing 1-year period	38.21%	34.91%	+3.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.49%	32.47%	+7.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	41.06%	36.30%	+4.76%

Financials

AAL.L vs. GLEN.L - Profitability Comparison

The chart below illustrates the profitability comparison between Anglo American plc and Glencore plc over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

AAL.L - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Anglo American plc reported a gross profit of 3.91B and revenue of 9.61B. Therefore, the gross margin over that period was 40.7%.

GLEN.L - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Glencore plc reported a gross profit of 3.44B and revenue of 130.73B. Therefore, the gross margin over that period was 2.6%.

AAL.L - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Anglo American plc reported an operating income of 1.96B and revenue of 9.61B, resulting in an operating margin of 20.4%.

GLEN.L - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Glencore plc reported an operating income of 2.18B and revenue of 130.73B, resulting in an operating margin of 1.7%.

AAL.L - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Anglo American plc reported a net income of -1.87B and revenue of 9.61B, resulting in a net margin of -19.5%.

GLEN.L - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Glencore plc reported a net income of 1.02B and revenue of 130.73B, resulting in a net margin of 0.8%.