AREC vs. MTRN

Last updated Jun 13, 2026

AREC (American Resources Corporation) and MTRN (Materion Corporation) are both stocks. Both are in the Basic Materials sector — AREC in Coking Coal, MTRN in Other Industrial Metals & Mining. Over the past 5 years, AREC returned -5.57%/yr vs 26.60%/yr for MTRN. At a 0.21 correlation, their price movements are largely independent.

Performance

AREC vs. MTRN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Resources Corporation (AREC) and Materion Corporation (MTRN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AREC achieves a -13.71% return, which is significantly lower than MTRN's 99.20% return.

AREC

• 1D: -1.38%
• 1M: -8.15%
• YTD: -13.71%
• 6M: -16.73%
• 1Y: 174.01%
• 3Y*: 6.33%
• 5Y*: -5.57%
• 10Y*: —

MTRN

• 1D: 0.51%
• 1M: 17.23%
• YTD: 99.20%
• 6M: 93.73%
• 1Y: 207.47%
• 3Y*: 30.82%
• 5Y*: 26.60%
• 10Y*: 26.56%

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

AREC vs. MTRN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AREC American Resources Corporation	-13.71%	145.54%	-32.21%	12.88%	-26.67%	-7.69%	209.52%	-93.70%	19,900.00%	0.00%
MTRN Materion Corporation	99.20%	26.43%	-23.67%	49.41%	-4.25%	45.18%	8.08%	33.09%	-6.74%	-0.72%

Correlation

The correlation between AREC and MTRN is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.22
Correlation (3Y) Calculated over the trailing 3-year period	0.20
Correlation (5Y) Calculated over the trailing 5-year period	0.26
Correlation (All Time) Calculated using the full available price history since Dec 29, 2017	0.21

Fundamentals

EPS AREC : -$0.45 MTRN : $3.65
PS Ratio AREC : 1.23K MTRN : 2.71
Total Revenue (TTM) AREC : $145.03K MTRN : $1.91B
Gross Profit (TTM) AREC : $140.16K MTRN : $305.29M
EBITDA (TTM) AREC : -$22.47M MTRN : $166.65M

Return for Risk

AREC vs. MTRN — Risk / Return Rank

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

AREC

AREC Risk / Return Rank: 78
AREC Sharpe Ratio Rank: 80
AREC Sortino Ratio Rank: 83
AREC Omega Ratio Rank: 78
AREC Calmar Ratio Rank: 80
AREC Martin Ratio Rank: 71

MTRN

MTRN Risk / Return Rank: 98
MTRN Sharpe Ratio Rank: 99
MTRN Sortino Ratio Rank: 97
MTRN Omega Ratio Rank: 97
MTRN Calmar Ratio Rank: 98
MTRN Martin Ratio Rank: 98

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.

AREC vs. MTRN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Resources Corporation (AREC) and Materion Corporation (MTRN). 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.

	AREC	MTRN	Difference
Sharpe ratio: Return per unit of total volatility	1.30	4.70	-3.39
Sortino ratio: Return per unit of downside risk	2.39	4.50	-2.11
Omega ratio: Gain probability vs. loss probability	1.27	1.62	-0.35
Calmar ratio: Return relative to maximum drawdown	2.45	10.08	-7.63
Martin ratio: Return relative to average drawdown	3.66	31.56	-27.90

AREC vs. MTRN - Sharpe Ratio Comparison

The current AREC Sharpe Ratio is 1.30, which is lower than the MTRN Sharpe Ratio of 4.70. The chart below compares the historical Sharpe Ratios of AREC and MTRN, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AREC vs. MTRN - Drawdown Comparison

The maximum AREC drawdown since its inception was -97.12%, which is greater than MTRN's maximum drawdown of -87.53%. Use the drawdown chart below to compare losses from any high point for AREC and MTRN.

Drawdown Indicators

	AREC	MTRN	Difference
Max Drawdown Largest peak-to-trough decline	-97.12%	-87.53%	-9.59%
Max Drawdown (1Y) Largest decline over 1 year	-71.51%	-20.73%	-50.78%
Max Drawdown (3Y) Largest decline over 3 years	-80.42%	-47.84%	-32.58%
Max Drawdown (5Y) Largest decline over 5 years	-88.07%	-47.84%	-40.23%
Max Drawdown (10Y) Largest decline over 10 years	—	-61.99%	—
Current Drawdown Current decline from peak	-84.71%	0.00%	-84.71%
Average Drawdown Average peak-to-trough decline	-79.71%	-39.66%	-40.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	47.72%	6.62%	+41.10%

Volatility

AREC vs. MTRN - Volatility Comparison

American Resources Corporation (AREC) has a higher volatility of 31.24% compared to Materion Corporation (MTRN) at 14.66%. This indicates that AREC's price experiences larger fluctuations and is considered to be riskier than MTRN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AREC	MTRN	Difference
Volatility (1M) Calculated over the trailing 1-month period	31.24%	14.66%	+16.58%
Volatility (6M) Calculated over the trailing 6-month period	73.00%	33.70%	+39.30%
Volatility (1Y) Calculated over the trailing 1-year period	134.65%	44.49%	+90.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	107.04%	41.42%	+65.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	737.25%	40.25%	+697.00%

Dividends

AREC vs. MTRN - Dividend Comparison

AREC has not paid dividends to shareholders, while MTRN's dividend yield for the trailing twelve months is around 0.23%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AREC American Resources Corporation	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
MTRN Materion Corporation	0.23%	0.45%	0.54%	0.40%	0.57%	0.52%	0.71%	0.73%	0.92%	0.81%	0.95%	1.27%

Financials

Frequently Asked Questions

Can I hold both AREC and MTRN in my portfolio?

AREC and MTRN have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AREC or MTRN?

AREC has higher volatility (31.24%) compared to MTRN (14.66%). In terms of maximum drawdown, AREC dropped -97.12% vs MTRN's -87.53%.

Which has better risk-adjusted returns?

MTRN currently has the higher Sharpe Ratio (4.70 vs 1.30), 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.