AXIA vs. MKA.L
AXIA (AXIA Energia SA) and MKA.L (Mkango Resources Ltd) are both stocks. AXIA operates in Utilities - Renewable (Utilities), while MKA.L operates in Other Industrial Metals & Mining (Basic Materials). Over the past 5 years, AXIA returned 11.54%/yr vs 5.78%/yr for MKA.L. At a 0.06 correlation, their price movements are largely independent.
Performance
AXIA vs. MKA.L - Performance Comparison
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Different Trading Currencies
AXIA is traded in USD, while MKA.L is traded in GBp. To make them comparable, the MKA.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, AXIA achieves a 12.23% return, which is significantly higher than MKA.L's -8.16% return.
AXIA
- 1D
- -0.10%
- 1M
- -4.99%
- YTD
- 12.23%
- 6M
- 10.58%
- 1Y
- 86.72%
- 3Y*
- 23.17%
- 5Y*
- 11.54%
- 10Y*
- 21.87%
MKA.L
- 1D
- 1.98%
- 1M
- -10.12%
- YTD
- -8.16%
- 6M
- -17.32%
- 1Y
- 156.83%
- 3Y*
- 60.60%
- 5Y*
- 5.78%
- 10Y*
- —
AXIA vs. MKA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AXIA AXIA Energia SA | 12.23% | 121.49% | -31.28% | 9.41% | 32.73% | -6.42% | -21.77% | 50.39% | 11.40% | -16.91% |
MKA.L Mkango Resources Ltd | -8.16% | 529.04% | -32.02% | -1.17% | -64.71% | 75.54% | 109.72% | 4.01% | 11.91% | 144.31% |
Correlation
The correlation between AXIA and MKA.L is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Jun 15, 2016 | 0.06 |
Fundamentals
AXIA:
$23.29B
MKA.L:
£149.39M
AXIA:
R$4.28
MKA.L:
-$0.04
AXIA:
2.76
MKA.L:
3.72K
AXIA:
R$42.79B
MKA.L:
$50.78K
AXIA:
R$19.78B
MKA.L:
-$544.15K
AXIA:
R$6.39B
MKA.L:
-$17.87M
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Return for Risk
AXIA vs. MKA.L — Risk / Return Rank
AXIA
MKA.L
AXIA vs. MKA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AXIA Energia SA (AXIA) and Mkango Resources Ltd (MKA.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.
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.
| AXIA | MKA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.80 | ||
| Sortino ratioReturn per unit of downside risk | +0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.29 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 3.16 | 3.00 | +0.16 |
| Martin ratioReturn relative to average drawdown | 10.30 | 6.16 | +4.14 |
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Drawdowns
AXIA vs. MKA.L - Drawdown Comparison
The maximum AXIA drawdown since its inception was -93.65%, roughly equal to the maximum MKA.L drawdown of -89.22%. Use the drawdown chart below to compare losses from any high point for AXIA and MKA.L.
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Drawdown Indicators
| AXIA | MKA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.65% | -89.22% | -4.43% |
Max Drawdown (1Y)Largest decline over 1 year | -27.55% | -51.55% | +24.00% |
Max Drawdown (3Y)Largest decline over 3 years | -38.66% | -66.46% | +27.80% |
Max Drawdown (5Y)Largest decline over 5 years | -45.28% | -89.22% | +43.94% |
Max Drawdown (10Y)Largest decline over 10 years | -72.80% | -89.22% | +16.42% |
Current DrawdownCurrent decline from peak | -23.45% | -37.46% | +14.01% |
Average DrawdownAverage peak-to-trough decline | -56.63% | -45.43% | -11.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.45% | 25.19% | -16.74% |
Volatility
AXIA vs. MKA.L - Volatility Comparison
The current volatility for AXIA Energia SA (AXIA) is 9.24%, while Mkango Resources Ltd (MKA.L) has a volatility of 22.41%. This indicates that AXIA experiences smaller price fluctuations and is considered to be less risky than MKA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AXIA | MKA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.24% | 22.41% | -13.17% |
Volatility (6M)Calculated over the trailing 6-month period | 28.02% | 48.66% | -20.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.92% | 94.99% | -59.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.59% | 77.90% | -40.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 95.08% | 96.82% | -1.74% |
Dividends
AXIA vs. MKA.L - Dividend Comparison
AXIA's dividend yield for the trailing twelve months is around 5.20%, while MKA.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
AXIA AXIA Energia SA | 5.20% | 7.19% | 3.85% | 0.51% | 1.89% | 7.32% | 4.38% | 2.21% |
MKA.L Mkango Resources Ltd | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
AXIA vs. MKA.L - Financials Comparison
This section allows you to compare key financial metrics between AXIA Energia SA and Mkango Resources Ltd. 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
AXIA and MKA.L have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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