AII.AX vs. ABAT
AII.AX (Almonty Industries Inc.) and ABAT (American Battery Technology Company Common Stock) are both stocks. Both operate in the Other Industrial Metals & Mining industry within the Basic Materials sector. Over the past year, AII.AX returned 194.99% vs -16.70% for ABAT. At a 0.04 correlation, their price movements are largely independent.
Performance
AII.AX vs. ABAT - Performance Comparison
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Different Trading Currencies
AII.AX is traded in AUD, while ABAT is traded in USD. To make them comparable, the ABAT values have been converted to AUD using the latest available exchange rates.
Returns By Period
In the year-to-date period, AII.AX achieves a 52.20% return, which is significantly higher than ABAT's -34.68% return.
AII.AX
- 1D
- 2.67%
- 1M
- -23.26%
- 6M
- 56.12%
- YTD
- 52.20%
- 1Y
- 194.99%
- 3Y*
- 145.72%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 55.30%
ABAT
- 1D
- -3.28%
- 1M
- -26.48%
- 6M
- -54.59%
- YTD
- -34.68%
- 1Y
- -16.70%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -45.71%
AII.AX vs. ABAT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
AII.AX Almonty Industries Inc. | 52.20% | 509.26% | 60.00% | 16.50% |
ABAT American Battery Technology Company Common Stock | -34.68% | 25.91% | -42.27% | -62.56% |
Correlation
The correlation between AII.AX and ABAT is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Sep 21, 2023 | 0.04 |
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Return for Risk
AII.AX vs. ABAT — Risk / Return Rank
AII.AX
ABAT
AII.AX vs. ABAT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Almonty Industries Inc. (AII.AX) and American Battery Technology Company Common Stock (ABAT). 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.
| AII.AX | ABAT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.29 | ||
| Sortino ratioReturn per unit of downside risk | +1.84 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.10 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 4.25 | -0.14 | +4.39 |
| Martin ratioReturn relative to average drawdown | 9.46 | -0.19 | +9.64 |
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Drawdowns
AII.AX vs. ABAT - Drawdown Comparison
The maximum AII.AX drawdown since its inception was -54.09%, smaller than the maximum ABAT drawdown of -93.65%. Use the drawdown chart below to compare losses from any high point for AII.AX and ABAT.
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Drawdown Indicators
| AII.AX | ABAT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.09% | -93.65% | +39.56% |
Max Drawdown (1Y)Largest decline over 1 year | -42.85% | -81.28% | +38.43% |
Max Drawdown (3Y)Largest decline over 3 years | -52.46% | — | — |
Current DrawdownCurrent decline from peak | -38.39% | -82.22% | +43.83% |
Average DrawdownAverage peak-to-trough decline | -23.12% | -78.35% | +55.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.36% | 61.42% | -42.06% |
Volatility
AII.AX vs. ABAT - Volatility Comparison
Almonty Industries Inc. (AII.AX) has a higher volatility of 22.02% compared to American Battery Technology Company Common Stock (ABAT) at 15.24%. This indicates that AII.AX's price experiences larger fluctuations and is considered to be riskier than ABAT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AII.AX | ABAT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.02% | 15.24% | +6.78% |
Volatility (6M)Calculated over the trailing 6-month period | 62.91% | 59.99% | +2.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 82.90% | 126.83% | -43.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 62.14% | 119.54% | -57.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 62.14% | 119.54% | -57.40% |
Dividends
AII.AX vs. ABAT - Dividend Comparison
Neither AII.AX nor ABAT has paid dividends to shareholders.
Financials
AII.AX vs. ABAT - Financials Comparison
This section allows you to compare key financial metrics between Almonty Industries Inc. and American Battery Technology Company Common Stock. 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
Frequently Asked Questions
AII.AX and ABAT have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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