ASND vs. VALE

Last updated Jun 9, 2026

ASND (Ascendis Pharma A/S) and VALE (Vale S.A.) are both stocks. ASND operates in Biotechnology (Healthcare), while VALE operates in Other Industrial Metals & Mining (Basic Materials). Over the past 10 years, ASND returned 31.35%/yr vs 20.98%/yr for VALE. At a 0.12 correlation, their price movements are largely independent.

Performance

ASND vs. VALE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Ascendis Pharma A/S (ASND) and Vale S.A. (VALE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ASND achieves a -3.48% return, which is significantly lower than VALE's 15.04% return. Over the past 10 years, ASND has outperformed VALE with an annualized return of 31.35%, while VALE has yielded a comparatively lower 20.98% annualized return.

ASND

• 1D: -2.20%
• 1M: -13.76%
• YTD: -3.48%
• 6M: -0.63%
• 1Y: 18.92%
• 3Y*: 30.47%
• 5Y*: 9.47%
• 10Y*: 31.35%

VALE

• 1D: -1.58%
• 1M: -9.86%
• YTD: 15.04%
• 6M: 19.11%
• 1Y: 66.24%
• 3Y*: 10.73%
• 5Y*: 1.65%
• 10Y*: 20.98%

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

ASND vs. VALE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ASND Ascendis Pharma A/S	-3.48%	54.89%	9.31%	3.13%	-9.22%	-19.34%	19.88%	122.06%	56.39%	97.92%
VALE Vale S.A.	15.04%	60.70%	-38.83%	1.57%	32.54%	-1.45%	32.40%	2.72%	12.25%	68.03%

Correlation

The correlation between ASND and VALE is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.13
Correlation (3Y) Calculated over the trailing 3-year period	0.10
Correlation (5Y) Calculated over the trailing 5-year period	0.13
Correlation (10Y) Calculated over the trailing 10-year period	0.14
Correlation (All Time) Calculated using the full available price history since Jan 29, 2015	0.12

Fundamentals

Market Cap ASND : $13.28B VALE : $64.08B
EPS ASND : $8.08 VALE : $0.65
PE Ratio ASND : 25.47 VALE : 22.94
PS Ratio ASND : 14.88 VALE : 1.62
PB Ratio ASND : 27.18 VALE : 1.75
Total Revenue (TTM) ASND : $867.51M VALE : $39.53B
Gross Profit (TTM) ASND : $764.89M VALE : $13.65B
EBITDA (TTM) ASND : -$6.94M VALE : $14.33B

Return for Risk

ASND vs. VALE — Risk / Return Rank

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

ASND

ASND Risk / Return Rank: 60
ASND Sharpe Ratio Rank: 60
ASND Sortino Ratio Rank: 55
ASND Omega Ratio Rank: 53
ASND Calmar Ratio Rank: 65
ASND Martin Ratio Rank: 70

VALE

VALE Risk / Return Rank: 87
VALE Sharpe Ratio Rank: 90
VALE Sortino Ratio Rank: 86
VALE Omega Ratio Rank: 85
VALE Calmar Ratio Rank: 86
VALE Martin Ratio Rank: 90

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.

ASND vs. VALE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ascendis Pharma A/S (ASND) 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.

	ASND	VALE	Difference
Sharpe ratio: Return per unit of total volatility	0.52	2.09	-1.57
Sortino ratio: Return per unit of downside risk	0.99	2.65	-1.66
Omega ratio: Gain probability vs. loss probability	1.12	1.34	-0.22
Calmar ratio: Return relative to maximum drawdown	1.09	3.35	-2.26
Martin ratio: Return relative to average drawdown	3.52	11.56	-8.04
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ASND vs. VALE - Sharpe Ratio Comparison

The current ASND Sharpe Ratio is 0.52, which is lower than the VALE Sharpe Ratio of 2.09. The chart below compares the historical Sharpe Ratios of ASND and VALE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ASND	VALE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.52	2.09	-1.57
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.20	0.05	+0.15
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.62	0.52	+0.10
Sharpe Ratio (All Time) Calculated using the full available price history	0.46	0.30	+0.16

Drawdowns

ASND vs. VALE - Drawdown Comparison

The maximum ASND drawdown since its inception was -61.72%, smaller than the maximum VALE drawdown of -92.78%. Use the drawdown chart below to compare losses from any high point for ASND and VALE.

Drawdown Indicators

	ASND	VALE	Difference
Max Drawdown Largest peak-to-trough decline	-61.72%	-92.78%	+31.06%
Max Drawdown (1Y) Largest decline over 1 year	-17.62%	-19.85%	+2.23%
Max Drawdown (3Y) Largest decline over 3 years	-29.15%	-41.94%	+12.79%
Max Drawdown (5Y) Largest decline over 5 years	-60.46%	-49.79%	-10.67%
Max Drawdown (10Y) Largest decline over 10 years	-61.72%	-57.60%	-4.12%
Current Drawdown Current decline from peak	-17.62%	-15.88%	-1.74%
Average Drawdown Average peak-to-trough decline	-18.71%	-36.72%	+18.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.45%	5.75%	-0.30%

Volatility

ASND vs. VALE - Volatility Comparison

Ascendis Pharma A/S (ASND) has a higher volatility of 14.11% compared to Vale S.A. (VALE) at 9.08%. This indicates that ASND'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.

Volatility by Period

	ASND	VALE	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.11%	9.08%	+5.03%
Volatility (6M) Calculated over the trailing 6-month period	29.67%	26.61%	+3.06%
Volatility (1Y) Calculated over the trailing 1-year period	37.02%	31.92%	+5.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	48.63%	35.45%	+13.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	51.11%	40.87%	+10.24%

Dividends

ASND vs. VALE - Dividend Comparison

ASND has not paid dividends to shareholders, while VALE's dividend yield for the trailing twelve months is around 3.83%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ASND Ascendis Pharma A/S	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VALE Vale S.A.	3.83%	7.29%	11.41%	7.75%	8.63%	19.70%	2.72%	2.63%	4.16%	3.77%	1.06%	7.48%

Financials

Frequently Asked Questions

Can I hold both ASND and VALE in my portfolio?

ASND and VALE have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ASND or VALE?

ASND has higher volatility (14.11%) compared to VALE (9.08%). In terms of maximum drawdown, ASND dropped -61.72% vs VALE's -92.78%.

Which has better risk-adjusted returns?

VALE currently has the higher Sharpe Ratio (2.09 vs 0.52), 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.