GLEN.L vs. SHEL
GLEN.L (Glencore plc) and SHEL (Shell plc) are both stocks. GLEN.L operates in Other Industrial Metals & Mining (Basic Materials), while SHEL operates in Oil & Gas Integrated (Energy). Over the past 10 years, GLEN.L returned 20.52%/yr vs 10.76%/yr for SHEL. At a 0.39 correlation, their price movements are largely independent.
Performance
GLEN.L vs. SHEL - Performance Comparison
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Different Trading Currencies
GLEN.L is traded in GBp, while SHEL is traded in USD. To make them comparable, the SHEL values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, GLEN.L achieves a 48.01% return, which is significantly higher than SHEL's 21.27% return. Over the past 10 years, GLEN.L has outperformed SHEL with an annualized return of 20.52%, while SHEL has yielded a comparatively lower 10.76% annualized return.
GLEN.L
- 1D
- 0.83%
- 1M
- 5.66%
- YTD
- 48.01%
- 6M
- 58.82%
- 1Y
- 111.55%
- 3Y*
- 15.48%
- 5Y*
- 18.96%
- 10Y*
- 20.52%
SHEL
- 1D
- 1.43%
- 1M
- 6.38%
- YTD
- 21.27%
- 6M
- 21.19%
- 1Y
- 34.10%
- 3Y*
- 16.37%
- 5Y*
- 24.40%
- 10Y*
- 10.76%
GLEN.L vs. SHEL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GLEN.L Glencore plc | 48.01% | 18.34% | -23.37% | -6.11% | 57.13% | 66.99% | -1.00% | -14.47% | -21.89% | 42.98% |
SHEL Shell plc | 21.27% | 13.46% | 0.86% | 14.19% | 52.37% | 35.54% | -42.81% | 2.33% | -1.73% | 11.15% |
Correlation
The correlation between GLEN.L and SHEL is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since May 19, 2011 | 0.39 |
Fundamentals
GLEN.L:
£71.81B
SHEL:
$247.11B
GLEN.L:
-£0.10
SHEL:
$6.39
GLEN.L:
0.15
SHEL:
0.95
GLEN.L:
1.85
SHEL:
1.42
GLEN.L:
£479.07B
SHEL:
$266.82B
GLEN.L:
£11.90B
SHEL:
$41.65B
GLEN.L:
£19.53B
SHEL:
$57.44B
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Return for Risk
GLEN.L vs. SHEL — Risk / Return Rank
GLEN.L
SHEL
GLEN.L vs. SHEL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Glencore plc (GLEN.L) and Shell plc (SHEL). 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.
| GLEN.L | SHEL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.97 | ||
| Sortino ratioReturn per unit of downside risk | +2.24 | ||
| Omega ratioGain probability vs. loss probability | 1.56 | 1.28 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 7.87 | 2.63 | +5.24 |
| Martin ratioReturn relative to average drawdown | 25.74 | 7.22 | +18.52 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GLEN.L | SHEL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.57 | 1.61 | +1.97 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | 1.01 | -0.43 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | 0.36 | +0.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.08 | 0.26 | -0.17 |
Drawdowns
GLEN.L vs. SHEL - Drawdown Comparison
The maximum GLEN.L drawdown since its inception was -86.97%, which is greater than SHEL's maximum drawdown of -67.04%. Use the drawdown chart below to compare losses from any high point for GLEN.L and SHEL.
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Drawdown Indicators
| GLEN.L | SHEL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -86.97% | -67.04% | -19.93% |
Max Drawdown (1Y)Largest decline over 1 year | -14.09% | -13.00% | -1.09% |
Max Drawdown (3Y)Largest decline over 3 years | -53.56% | -18.89% | -34.67% |
Max Drawdown (5Y)Largest decline over 5 years | -55.24% | -20.17% | -35.07% |
Max Drawdown (10Y)Largest decline over 10 years | -69.99% | -67.04% | -2.95% |
Current DrawdownCurrent decline from peak | -3.24% | -7.45% | +4.21% |
Average DrawdownAverage peak-to-trough decline | -35.07% | -13.36% | -21.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.32% | 4.73% | -0.41% |
Volatility
GLEN.L vs. SHEL - Volatility Comparison
Glencore plc (GLEN.L) has a higher volatility of 9.88% compared to Shell plc (SHEL) at 5.63%. This indicates that GLEN.L's price experiences larger fluctuations and is considered to be riskier than SHEL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GLEN.L | SHEL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.88% | 5.63% | +4.25% |
Volatility (6M)Calculated over the trailing 6-month period | 22.12% | 17.42% | +4.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.10% | 21.36% | +9.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.27% | 24.17% | +8.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.54% | 29.95% | +5.59% |
Dividends
GLEN.L vs. SHEL - Dividend Comparison
GLEN.L's dividend yield for the trailing twelve months is around 1.68%, less than SHEL's 3.41% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GLEN.L Glencore plc | 1.68% | 1.84% | 2.87% | 8.72% | 5.58% | 3.08% | 0.00% | 6.70% | 5.16% | 1.37% | 0.00% | 0.00% |
SHEL Shell plc | 3.41% | 3.90% | 4.39% | 3.76% | 3.48% | 3.78% | 5.69% | 6.27% | 6.27% | 2.75% | 6.49% | 8.17% |
Financials
GLEN.L vs. SHEL - Financials Comparison
This section allows you to compare key financial metrics between Glencore plc and Shell plc. 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
GLEN.L vs. SHEL - Profitability Comparison
GLEN.L - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Glencore plc reported a gross profit of 3.44B and revenue of 130.73B. Therefore, the gross margin over that period was 2.6%.
SHEL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Shell plc reported a gross profit of 13.31B and revenue of 69.57B. Therefore, the gross margin over that period was 19.1%.
GLEN.L - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Glencore plc reported an operating income of 2.18B and revenue of 130.73B, resulting in an operating margin of 1.7%.
SHEL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Shell plc reported an operating income of 10.35B and revenue of 69.57B, resulting in an operating margin of 14.9%.
GLEN.L - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Glencore plc reported a net income of 1.02B and revenue of 130.73B, resulting in a net margin of 0.8%.
SHEL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Shell plc reported a net income of 5.68B and revenue of 69.57B, resulting in a net margin of 8.2%.
Frequently Asked Questions
GLEN.L and SHEL have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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