CIA.TO vs. LIF.TO

Last updated Jun 4, 2026

CIA.TO (Champion Iron Limited) and LIF.TO (Labrador Iron Ore Royalty Corporation) are both stocks. Both operate in the Steel industry within the Basic Materials sector. Over the past 10 years, CIA.TO returned 35.71%/yr vs 20.02%/yr for LIF.TO. At a 0.30 correlation, their price movements are largely independent.

Performance

CIA.TO vs. LIF.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Champion Iron Limited (CIA.TO) and Labrador Iron Ore Royalty Corporation (LIF.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CIA.TO achieves a -20.22% return, which is significantly lower than LIF.TO's -4.40% return. Over the past 10 years, CIA.TO has outperformed LIF.TO with an annualized return of 35.71%, while LIF.TO has yielded a comparatively lower 20.02% annualized return.

CIA.TO

• 1D: -2.45%
• 1M: -7.20%
• YTD: -20.22%
• 6M: -20.22%
• 1Y: 21.98%
• 3Y*: -3.55%
• 5Y*: -3.74%
• 10Y*: 35.71%

LIF.TO

• 1D: -2.35%
• 1M: 0.93%
• YTD: -4.40%
• 6M: -6.08%
• 1Y: 0.72%
• 3Y*: 3.90%
• 5Y*: -0.80%
• 10Y*: 20.02%

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

CIA.TO vs. LIF.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CIA.TO Champion Iron Limited	-20.22%	11.27%	-28.02%	14.21%	41.95%	8.68%	89.71%	127.10%	-16.41%	172.34%
LIF.TO Labrador Iron Ore Royalty Corporation	-4.40%	8.89%	0.14%	2.89%	-1.55%	33.21%	47.82%	17.31%	-4.27%	67.14%

Correlation

The correlation between CIA.TO and LIF.TO is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.48
Correlation (3Y) Calculated over the trailing 3-year period	0.49
Correlation (5Y) Calculated over the trailing 5-year period	0.56
Correlation (10Y) Calculated over the trailing 10-year period	0.39
Correlation (All Time) Calculated using the full available price history since Apr 1, 2014	0.30

The correlation between CIA.TO and LIF.TO shifts across timeframes, from 0.30 (all time) to 0.56 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap CIA.TO : CA$2.36B LIF.TO : CA$1.81B
EPS CIA.TO : CA$0.32 LIF.TO : CA$1.45
PE Ratio CIA.TO : 13.89 LIF.TO : 19.52
PS Ratio CIA.TO : 1.32 LIF.TO : 10.88
PB Ratio CIA.TO : 1.54 LIF.TO : 2.83
Total Revenue (TTM) CIA.TO : CA$1.78B LIF.TO : CA$165.74M
Gross Profit (TTM) CIA.TO : CA$408.62M LIF.TO : CA$159.74M
EBITDA (TTM) CIA.TO : CA$507.81M LIF.TO : CA$93.44M

Return for Risk

CIA.TO vs. LIF.TO — Risk / Return Rank

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

CIA.TO

CIA.TO Risk / Return Rank: 57
CIA.TO Sharpe Ratio Rank: 61
CIA.TO Sortino Ratio Rank: 55
CIA.TO Omega Ratio Rank: 53
CIA.TO Calmar Ratio Rank: 57
CIA.TO Martin Ratio Rank: 58

LIF.TO

LIF.TO Risk / Return Rank: 39
LIF.TO Sharpe Ratio Rank: 42
LIF.TO Sortino Ratio Rank: 35
LIF.TO Omega Ratio Rank: 34
LIF.TO Calmar Ratio Rank: 42
LIF.TO Martin Ratio Rank: 41

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.

CIA.TO vs. LIF.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Champion Iron Limited (CIA.TO) and Labrador Iron Ore Royalty Corporation (LIF.TO). 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.

	CIA.TO	LIF.TO	Difference
Sharpe ratio: Return per unit of total volatility	0.57	0.04	+0.53
Sortino ratio: Return per unit of downside risk	1.02	0.19	+0.83
Omega ratio: Gain probability vs. loss probability	1.13	1.02	+0.10
Calmar ratio: Return relative to maximum drawdown	0.78	0.05	+0.73
Martin ratio: Return relative to average drawdown	1.70	0.12	+1.58
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CIA.TO vs. LIF.TO - Sharpe Ratio Comparison

The current CIA.TO Sharpe Ratio is 0.57, which is higher than the LIF.TO Sharpe Ratio of 0.04. The chart below compares the historical Sharpe Ratios of CIA.TO and LIF.TO, 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

	CIA.TO	LIF.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.57	0.04	+0.53
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.09	-0.03	-0.06
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.67	0.60	+0.07
Sharpe Ratio (All Time) Calculated using the full available price history	0.33	0.31	+0.02

Drawdowns

CIA.TO vs. LIF.TO - Drawdown Comparison

The maximum CIA.TO drawdown since its inception was -86.36%, which is greater than LIF.TO's maximum drawdown of -76.24%. Use the drawdown chart below to compare losses from any high point for CIA.TO and LIF.TO.

Drawdown Indicators

	CIA.TO	LIF.TO	Difference
Max Drawdown Largest peak-to-trough decline	-86.36%	-76.24%	-10.12%
Max Drawdown (1Y) Largest decline over 1 year	-28.41%	-14.38%	-14.03%
Max Drawdown (3Y) Largest decline over 3 years	-51.70%	-16.63%	-35.07%
Max Drawdown (5Y) Largest decline over 5 years	-51.70%	-46.48%	-5.22%
Max Drawdown (10Y) Largest decline over 10 years	-62.30%	-57.86%	-4.44%
Current Drawdown Current decline from peak	-38.17%	-21.20%	-16.97%
Average Drawdown Average peak-to-trough decline	-31.02%	-19.64%	-11.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.95%	6.05%	+6.90%

Volatility

CIA.TO vs. LIF.TO - Volatility Comparison

Champion Iron Limited (CIA.TO) has a higher volatility of 12.63% compared to Labrador Iron Ore Royalty Corporation (LIF.TO) at 5.75%. This indicates that CIA.TO's price experiences larger fluctuations and is considered to be riskier than LIF.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CIA.TO	LIF.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.63%	5.75%	+6.88%
Volatility (6M) Calculated over the trailing 6-month period	26.22%	16.37%	+9.85%
Volatility (1Y) Calculated over the trailing 1-year period	39.04%	19.59%	+19.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	43.01%	28.33%	+14.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	53.52%	33.52%	+20.00%

Dividends

CIA.TO vs. LIF.TO - Dividend Comparison

CIA.TO's dividend yield for the trailing twelve months is around 4.79%, which matches LIF.TO's 4.78% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CIA.TO Champion Iron Limited	4.79%	3.83%	3.86%	2.69%	4.40%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
LIF.TO Labrador Iron Ore Royalty Corporation	4.78%	5.19%	10.37%	7.99%	9.23%	15.99%	9.35%	16.25%	7.22%	9.74%	5.37%	10.43%

Financials

CIA.TO vs. LIF.TO - Profitability Comparison

The chart below illustrates the profitability comparison between Champion Iron Limited and Labrador Iron Ore Royalty Corporation over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

CIA.TO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Champion Iron Limited reported a gross profit of 81.81M and revenue of 414.51M. Therefore, the gross margin over that period was 19.7%.

LIF.TO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Labrador Iron Ore Royalty Corporation reported a gross profit of 34.27M and revenue of 35.75M. Therefore, the gross margin over that period was 95.9%.

CIA.TO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Champion Iron Limited reported an operating income of 57.68M and revenue of 414.51M, resulting in an operating margin of 13.9%.

LIF.TO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Labrador Iron Ore Royalty Corporation reported an operating income of 26.53M and revenue of 35.75M, resulting in an operating margin of 74.2%.

CIA.TO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Champion Iron Limited reported a net income of 21.94M and revenue of 414.51M, resulting in a net margin of 5.3%.

LIF.TO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Labrador Iron Ore Royalty Corporation reported a net income of 13.20M and revenue of 35.75M, resulting in a net margin of 36.9%.

Frequently Asked Questions

Can I hold both CIA.TO and LIF.TO in my portfolio?

CIA.TO and LIF.TO have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.