CMCL vs. MKA.L
CMCL (Caledonia Mining Corporation Plc) and MKA.L (Mkango Resources Ltd) are both stocks. Both are in the Basic Materials sector — CMCL in Gold, MKA.L in Other Industrial Metals & Mining. Over the past 5 years, CMCL returned 12.13%/yr vs 5.78%/yr for MKA.L. At a 0.08 correlation, their price movements are largely independent.
Performance
CMCL vs. MKA.L - Performance Comparison
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Different Trading Currencies
CMCL 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, CMCL achieves a -21.95% return, which is significantly lower than MKA.L's -8.16% return.
CMCL
- 1D
- 3.65%
- 1M
- -17.97%
- YTD
- -21.95%
- 6M
- -20.06%
- 1Y
- 3.33%
- 3Y*
- 20.06%
- 5Y*
- 12.13%
- 10Y*
- —
MKA.L
- 1D
- 1.98%
- 1M
- -5.57%
- YTD
- -8.16%
- 6M
- -17.32%
- 1Y
- 155.84%
- 3Y*
- 60.60%
- 5Y*
- 5.78%
- 10Y*
- —
CMCL vs. MKA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CMCL Caledonia Mining Corporation Plc | -21.95% | 186.75% | -18.90% | 2.65% | 11.39% | -23.84% | 93.29% | 67.37% | -26.33% | 20.43% |
MKA.L Mkango Resources Ltd | -8.16% | 529.04% | -32.02% | -1.17% | -64.71% | 75.54% | 109.72% | 4.01% | 11.91% | 163.51% |
Correlation
The correlation between CMCL and MKA.L is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Jun 29, 2017 | 0.08 |
Fundamentals
CMCL:
$399.89M
MKA.L:
£149.39M
CMCL:
$3.15
MKA.L:
-$0.04
CMCL:
1.45
MKA.L:
3.72K
CMCL:
$274.16M
MKA.L:
$50.78K
CMCL:
$142.30M
MKA.L:
-$544.15K
CMCL:
$137.13M
MKA.L:
-$17.87M
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Return for Risk
CMCL vs. MKA.L — Risk / Return Rank
CMCL
MKA.L
CMCL vs. MKA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Caledonia Mining Corporation Plc (CMCL) 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.
| CMCL | MKA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.58 | ||
| Sortino ratioReturn per unit of downside risk | -2.14 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.29 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 0.07 | 3.00 | -2.94 |
| Martin ratioReturn relative to average drawdown | 0.13 | 6.16 | -6.03 |
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Drawdowns
CMCL vs. MKA.L - Drawdown Comparison
The maximum CMCL drawdown since its inception was -65.77%, smaller than the maximum MKA.L drawdown of -89.22%. Use the drawdown chart below to compare losses from any high point for CMCL and MKA.L.
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Drawdown Indicators
| CMCL | MKA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.77% | -89.22% | +23.45% |
Max Drawdown (1Y)Largest decline over 1 year | -49.43% | -51.55% | +2.12% |
Max Drawdown (3Y)Largest decline over 3 years | -49.43% | -66.46% | +17.03% |
Max Drawdown (5Y)Largest decline over 5 years | -50.00% | -89.22% | +39.22% |
Max Drawdown (10Y)Largest decline over 10 years | — | -89.22% | — |
Current DrawdownCurrent decline from peak | -45.57% | -37.46% | -8.11% |
Average DrawdownAverage peak-to-trough decline | -35.78% | -45.43% | +9.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 25.12% | 25.19% | -0.07% |
Volatility
CMCL vs. MKA.L - Volatility Comparison
The current volatility for Caledonia Mining Corporation Plc (CMCL) is 14.52%, while Mkango Resources Ltd (MKA.L) has a volatility of 22.41%. This indicates that CMCL 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
| CMCL | MKA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.52% | 22.41% | -7.89% |
Volatility (6M)Calculated over the trailing 6-month period | 47.45% | 48.66% | -1.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 65.21% | 94.99% | -29.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.74% | 77.90% | -25.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 54.57% | 96.82% | -42.25% |
Dividends
CMCL vs. MKA.L - Dividend Comparison
CMCL's dividend yield for the trailing twelve months is around 2.78%, while MKA.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
CMCL Caledonia Mining Corporation Plc | 2.78% | 2.14% | 5.95% | 4.59% | 4.52% | 4.29% | 2.11% | 3.27% | 5.23% | 1.86% |
MKA.L Mkango Resources Ltd | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
CMCL vs. MKA.L - Financials Comparison
This section allows you to compare key financial metrics between Caledonia Mining Corporation Plc 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
CMCL and MKA.L have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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