ERO vs. IE
ERO (Ero Copper Corp) and IE (Ivanhoe Electric Inc) are both stocks. Both operate in the Copper industry within the Basic Materials sector. Over the past 3 years, ERO returned 15.10%/yr vs -6.28%/yr for IE. At a 0.47 correlation, their price movements are largely independent.
Performance
ERO vs. IE - Performance Comparison
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Returns By Period
In the year-to-date period, ERO achieves a 7.64% return, which is significantly higher than IE's -30.41% return.
ERO
- 1D
- 2.35%
- 1M
- 12.86%
- YTD
- 7.64%
- 6M
- 13.49%
- 1Y
- 99.80%
- 3Y*
- 15.10%
- 5Y*
- 7.76%
- 10Y*
- —
IE
- 1D
- -2.46%
- 1M
- -5.76%
- YTD
- -30.41%
- 6M
- -31.23%
- 1Y
- 41.48%
- 3Y*
- -6.28%
- 5Y*
- —
- 10Y*
- —
ERO vs. IE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ERO Ero Copper Corp | 7.64% | 109.87% | -14.63% | 14.84% | 43.98% |
IE Ivanhoe Electric Inc | -30.41% | 111.66% | -25.10% | -17.04% | 3.40% |
Correlation
The correlation between ERO and IE is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Jun 28, 2022 | 0.47 |
The correlation between ERO and IE has been stable across timeframes, ranging from 0.47 to 0.55 - a consistent structural relationship.
Fundamentals
ERO:
$3.20B
IE:
$1.76B
ERO:
$2.80
IE:
-$0.83
ERO:
3.44
IE:
465.67
ERO:
2.90
IE:
3.26
ERO:
$925.20M
IE:
$3.37M
ERO:
$394.67M
IE:
-$32.15M
ERO:
$528.87M
IE:
-$179.34M
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Return for Risk
ERO vs. IE — Risk / Return Rank
ERO
IE
ERO vs. IE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ero Copper Corp (ERO) and Ivanhoe Electric Inc (IE). 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.
| ERO | IE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.18 | ||
| Sortino ratioReturn per unit of downside risk | +0.93 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.15 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.64 | 0.85 | +1.80 |
| Martin ratioReturn relative to average drawdown | 5.57 | 1.74 | +3.83 |
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Drawdowns
ERO vs. IE - Drawdown Comparison
The maximum ERO drawdown since its inception was -67.17%, smaller than the maximum IE drawdown of -71.12%. Use the drawdown chart below to compare losses from any high point for ERO and IE.
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Drawdown Indicators
| ERO | IE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.17% | -71.12% | +3.95% |
Max Drawdown (1Y)Largest decline over 1 year | -37.97% | -49.20% | +11.23% |
Max Drawdown (3Y)Largest decline over 3 years | -59.84% | -71.12% | +11.28% |
Max Drawdown (5Y)Largest decline over 5 years | -61.02% | — | — |
Current DrawdownCurrent decline from peak | -19.93% | -44.18% | +24.25% |
Average DrawdownAverage peak-to-trough decline | -27.02% | -32.47% | +5.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.98% | 23.90% | -5.92% |
Volatility
ERO vs. IE - Volatility Comparison
Ero Copper Corp (ERO) and Ivanhoe Electric Inc (IE) have volatilities of 24.57% and 24.70%, 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
| ERO | IE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.57% | 24.70% | -0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 47.54% | 55.20% | -7.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 57.85% | 75.38% | -17.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 54.84% | 69.97% | -15.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 59.35% | 69.97% | -10.62% |
Dividends
ERO vs. IE - Dividend Comparison
Neither ERO nor IE has paid dividends to shareholders.
Financials
ERO vs. IE - Financials Comparison
This section allows you to compare key financial metrics between Ero Copper Corp and Ivanhoe Electric Inc. 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
ERO and IE have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IE has higher volatility (24.70%) compared to ERO (24.57%). In terms of maximum drawdown, ERO dropped -67.17% vs IE's -71.12%.
ERO currently has the higher Sharpe Ratio (1.74 vs 0.55), 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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