ARRNF vs. HBM

Last updated Aug 1, 2026

ARRNF (American Rare Earths Limited) and HBM (Hudbay Minerals Inc.) are both stocks. Both are in the Basic Materials sector — ARRNF in Other Industrial Metals & Mining, HBM in Copper. Over the past 5 years, ARRNF returned 64.36%/yr vs 26.31%/yr for HBM. Their 0.14 correlation means their historical movements had little consistent relationship.

Performance

ARRNF vs. HBM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Rare Earths Limited (ARRNF) and Hudbay Minerals Inc. (HBM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with ARRNF having a 14.24% return and HBM slightly higher at 14.68%.

ARRNF

• 1D: -0.87%
• 1M: -7.37%
• 6M: -16.56%
• YTD: 14.24%
• 1Y: 8.32%
• 3Y*: 22.72%
• 5Y*: 64.36%
• 10Y*: —
• ALL TIME*: 45.56%

HBM

• 1D: 0.00%
• 1M: 0.71%
• 6M: -3.87%
• YTD: 14.68%
• 1Y: 151.40%
• 3Y*: 57.67%
• 5Y*: 26.31%
• 10Y*: 17.08%
• ALL TIME*: 10.79%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ARRNF American Rare Earths Limited	$114.14K	$141.73K	$289.87K
HBM Hudbay Minerals Inc.	$126.91M	$110.72M	$140.65M

ARRNF vs. HBM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
ARRNF American Rare Earths Limited	14.24%	23.89%	41.25%	-11.60%	4.42%	550.00%	-20.00%
HBM Hudbay Minerals Inc.	14.68%	145.46%	47.03%	9.24%	-29.87%	3.82%	98.65%

Correlation

The correlation between ARRNF and HBM is 0.20, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.20
Correlation (3Y) Balances recent behavior with more history.	0.17
Correlation (5Y) Shows whether the relationship held over a longer period.	0.15
Correlation (All Time) Calculated using the full available price history since Jul 22, 2020	0.14

Fundamentals

Market Cap ARRNF : $139.41M HBM : $10.10B
EPS ARRNF : -A$0.02 HBM : $1.69
PB Ratio ARRNF : 3.95 HBM : 1.91
Total Revenue (TTM) ARRNF : -A$128.85K HBM : $2.49B
Gross Profit (TTM) ARRNF : -A$385.87K HBM : $970.25M
EBITDA (TTM) ARRNF : -A$12.72M HBM : $1.65B

Return for Risk

ARRNF vs. HBM — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

ARRNF

ARRNF Risk / Return Rank: 54
ARRNF Sharpe Ratio Rank: 48
ARRNF Sortino Ratio Rank: 64
ARRNF Omega Ratio Rank: 61
ARRNF Calmar Ratio Rank: 48
ARRNF Martin Ratio Rank: 47

HBM

HBM Risk / Return Rank: 91
HBM Sharpe Ratio Rank: 95
HBM Sortino Ratio Rank: 89
HBM Omega Ratio Rank: 89
HBM Calmar Ratio Rank: 92
HBM Martin Ratio Rank: 90

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

ARRNF vs. HBM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Rare Earths Limited (ARRNF) and Hudbay Minerals Inc. (HBM). 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.

	ARRNF	HBM	Difference
Sharpe ratio: Return per unit of total volatility	0.08	2.35	-2.27
Sortino ratio: Return per unit of downside risk	1.20	2.65	-1.45
Omega ratio: Gain probability vs. loss probability	1.14	1.35	-0.20
Calmar ratio: Return relative to maximum drawdown	0.13	4.05	-3.92
Martin ratio: Return relative to average drawdown	0.17	9.77	-9.60

ARRNF vs. HBM - Sharpe Ratio Comparison

The current ARRNF Sharpe Ratio is 0.08, which is lower than the HBM Sharpe Ratio of 2.35. The chart below compares the historical Sharpe Ratios of ARRNF and HBM, 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

ARRNF vs. HBM - Drawdown Comparison

The maximum ARRNF drawdown since its inception was -83.01%, smaller than the maximum HBM drawdown of -92.21%. Use the drawdown chart below to compare losses from any high point for ARRNF and HBM.

Drawdown Indicators

	ARRNF	HBM	Difference
Max Drawdown Largest peak-to-trough decline	-83.01%	-92.21%	+9.20%
Max Drawdown (1Y) Largest decline over 1 year	-69.13%	-36.16%	-32.97%
Max Drawdown (3Y) Largest decline over 3 years	-69.13%	-41.11%	-28.02%
Max Drawdown (5Y) Largest decline over 5 years	-83.01%	-63.33%	-19.68%
Max Drawdown (10Y) Largest decline over 10 years	—	-86.34%	—
Current Drawdown Current decline from peak	-64.74%	-28.60%	-36.14%
Average Drawdown Average peak-to-trough decline	-46.62%	-52.26%	+5.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	54.42%	14.98%	+39.44%

Volatility

ARRNF vs. HBM - Volatility Comparison

The current volatility for American Rare Earths Limited (ARRNF) is 9.36%, while Hudbay Minerals Inc. (HBM) has a volatility of 19.81%. This indicates that ARRNF experiences smaller price fluctuations and is considered to be less risky than HBM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ARRNF	HBM	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.36%	19.81%	-10.45%
Volatility (6M) Calculated over the trailing 6-month period	39.06%	51.61%	-12.55%
Volatility (1Y) Calculated over the trailing 1-year period	116.34%	62.41%	+53.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	314.72%	55.91%	+258.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	286.66%	58.92%	+227.74%

Dividends

ARRNF vs. HBM - Dividend Comparison

ARRNF has not paid dividends to shareholders, while HBM's dividend yield for the trailing twelve months is around 0.09%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ARRNF American Rare Earths Limited	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
HBM Hudbay Minerals Inc.	0.09%	0.07%	0.17%	0.31%	0.32%	0.22%	0.21%	0.36%	0.38%	0.23%	0.35%	0.52%

Financials

Frequently Asked Questions

Can I hold both ARRNF and HBM in my portfolio?

ARRNF and HBM have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ARRNF or HBM?

HBM has higher volatility (19.81%) compared to ARRNF (9.36%). In terms of maximum drawdown, ARRNF dropped -83.01% vs HBM's -92.21%.

Which has better risk-adjusted returns?

HBM currently has the higher Sharpe Ratio (2.35 vs 0.08), 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.