COP vs. VALE
COP (ConocoPhillips Company) and VALE (Vale S.A.) are both stocks. COP operates in Oil & Gas E&P (Energy), while VALE operates in Other Industrial Metals & Mining (Basic Materials). Over the past 10 years, COP returned 13.66%/yr vs 22.05%/yr for VALE. At a 0.44 correlation, their price movements are largely independent.
Performance
COP vs. VALE - Performance Comparison
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Returns By Period
In the year-to-date period, COP achieves a 26.87% return, which is significantly higher than VALE's 20.57% return. Over the past 10 years, COP has underperformed VALE with an annualized return of 13.66%, while VALE has yielded a comparatively higher 22.05% annualized return.
COP
- 1D
- 1.40%
- 1M
- -0.36%
- YTD
- 26.87%
- 6M
- 24.31%
- 1Y
- 27.63%
- 3Y*
- 7.68%
- 5Y*
- 18.49%
- 10Y*
- 13.66%
VALE
- 1D
- 2.28%
- 1M
- -6.71%
- YTD
- 20.57%
- 6M
- 23.80%
- 1Y
- 73.31%
- 3Y*
- 12.85%
- 5Y*
- 2.38%
- 10Y*
- 22.05%
COP vs. VALE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
COP ConocoPhillips Company | 26.87% | -2.34% | -12.02% | 1.98% | 71.69% | 86.60% | -36.04% | 6.63% | 15.63% | 11.95% |
VALE Vale S.A. | 20.57% | 60.70% | -38.83% | 1.57% | 32.54% | -1.45% | 32.40% | 2.72% | 12.25% | 68.03% |
Correlation
The correlation between COP and VALE is 0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Mar 21, 2002 | 0.44 |
Over the past year, the correlation between COP and VALE has dropped to 0.02 - well below their long-term average of 0.44, suggesting their price drivers have been diverging.
Fundamentals
COP:
$143.30B
VALE:
$67.15B
COP:
$5.90
VALE:
$0.65
COP:
19.83
VALE:
24.04
COP:
2.49
VALE:
1.70
COP:
2.22
VALE:
1.83
COP:
$58.31B
VALE:
$39.53B
COP:
$17.02B
VALE:
$13.65B
COP:
$22.44B
VALE:
$14.33B
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Return for Risk
COP vs. VALE — Risk / Return Rank
COP
VALE
COP vs. VALE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ConocoPhillips Company (COP) 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.
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.
| COP | VALE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.35 | ||
| Sortino ratioReturn per unit of downside risk | -1.42 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.37 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.86 | 3.71 | -1.85 |
| Martin ratioReturn relative to average drawdown | 4.08 | 12.21 | -8.13 |
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Drawdowns
COP vs. VALE - Drawdown Comparison
The maximum COP drawdown since its inception was -84.55%, smaller than the maximum VALE drawdown of -92.78%. Use the drawdown chart below to compare losses from any high point for COP and VALE.
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Drawdown Indicators
| COP | VALE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.55% | -92.78% | +8.23% |
Max Drawdown (1Y)Largest decline over 1 year | -14.90% | -19.85% | +4.95% |
Max Drawdown (3Y)Largest decline over 3 years | -36.19% | -41.94% | +5.75% |
Max Drawdown (5Y)Largest decline over 5 years | -36.19% | -49.79% | +13.60% |
Max Drawdown (10Y)Largest decline over 10 years | -70.66% | -57.60% | -13.06% |
Current DrawdownCurrent decline from peak | -11.92% | -11.84% | -0.08% |
Average DrawdownAverage peak-to-trough decline | -25.49% | -36.69% | +11.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.80% | 6.02% | +0.78% |
Volatility
COP vs. VALE - Volatility Comparison
ConocoPhillips Company (COP) and Vale S.A. (VALE) have volatilities of 8.72% and 9.16%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| COP | VALE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.72% | 9.16% | -0.44% |
Volatility (6M)Calculated over the trailing 6-month period | 23.05% | 26.35% | -3.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.33% | 32.06% | -2.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.80% | 35.47% | -2.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.64% | 40.84% | -3.20% |
Dividends
COP vs. VALE - Dividend Comparison
COP's dividend yield for the trailing twelve months is around 2.82%, less than VALE's 3.66% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
COP ConocoPhillips Company | 2.82% | 3.40% | 3.35% | 3.37% | 4.23% | 2.70% | 4.23% | 2.05% | 1.86% | 1.93% | 1.99% | 6.30% |
VALE Vale S.A. | 3.66% | 7.29% | 11.41% | 7.75% | 8.63% | 19.70% | 2.72% | 2.63% | 4.16% | 3.77% | 1.06% | 7.48% |
Financials
COP vs. VALE - Financials Comparison
This section allows you to compare key financial metrics between ConocoPhillips Company and Vale S.A.. 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
COP vs. VALE - Profitability Comparison
COP - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, ConocoPhillips Company reported a gross profit of 7.50B and revenue of 16.05B. Therefore, the gross margin over that period was 46.7%.
VALE - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Vale S.A. reported a gross profit of 3.06B and revenue of 9.26B. Therefore, the gross margin over that period was 33.0%.
COP - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, ConocoPhillips Company reported an operating income of 3.36B and revenue of 16.05B, resulting in an operating margin of 21.0%.
VALE - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Vale S.A. reported an operating income of 2.67B and revenue of 9.26B, resulting in an operating margin of 28.8%.
COP - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, ConocoPhillips Company reported a net income of 2.18B and revenue of 16.05B, resulting in a net margin of 13.6%.
VALE - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Vale S.A. reported a net income of 1.89B and revenue of 9.26B, resulting in a net margin of 20.5%.
Frequently Asked Questions
COP and VALE have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VALE has higher volatility (9.16%) compared to COP (8.72%). In terms of maximum drawdown, COP dropped -84.55% vs VALE's -92.78%.
VALE currently has the higher Sharpe Ratio (2.30 vs 0.95), 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.
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