IE vs. AU

Last updated Jun 24, 2026

IE (Ivanhoe Electric Inc) and AU (AngloGold Ashanti Limited) are both stocks. Both are in the Basic Materials sector — IE in Copper, AU in Gold. Over the past 3 years, IE returned -9.33%/yr vs 59.94%/yr for AU. At a 0.32 correlation, their price movements are largely independent.

Performance

IE vs. AU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Ivanhoe Electric Inc (IE) and AngloGold Ashanti Limited (AU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IE achieves a -36.98% return, which is significantly lower than AU's 1.12% return.

IE

• 1D: -9.44%
• 1M: -14.66%
• YTD: -36.98%
• 6M: -38.78%
• 1Y: 22.21%
• 3Y*: -9.33%
• 5Y*: —
• 10Y*: —

AU

• 1D: -2.83%
• 1M: -6.43%
• YTD: 1.12%
• 6M: -3.75%
• 1Y: 83.06%
• 3Y*: 59.94%
• 5Y*: 38.40%
• 10Y*: 19.60%

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

IE vs. AU - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
IE Ivanhoe Electric Inc	-36.98%	111.66%	-25.10%	-17.04%	3.40%
AU AngloGold Ashanti Limited	1.12%	288.18%	25.43%	-2.68%	24.20%

Correlation

The correlation between IE and AU is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.41
Correlation (3Y) Calculated over the trailing 3-year period	0.34
Correlation (All Time) Calculated using the full available price history since Jun 28, 2022	0.32

Fundamentals

Market Cap IE : $1.60B AU : $42.30B
EPS IE : -$0.83 AU : $6.85
PS Ratio IE : 421.70 AU : 3.80
PB Ratio IE : 2.95 AU : 4.96
Total Revenue (TTM) IE : $3.37M AU : $11.17B
Gross Profit (TTM) IE : -$32.15M AU : $5.82B
EBITDA (TTM) IE : -$179.34M AU : $5.58B

Return for Risk

IE vs. AU — Risk / Return Rank

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

IE

IE Risk / Return Rank: 53
IE Sharpe Ratio Rank: 53
IE Sortino Ratio Rank: 54
IE Omega Ratio Rank: 52
IE Calmar Ratio Rank: 53
IE Martin Ratio Rank: 53

AU

AU Risk / Return Rank: 77
AU Sharpe Ratio Rank: 81
AU Sortino Ratio Rank: 75
AU Omega Ratio Rank: 74
AU Calmar Ratio Rank: 78
AU Martin Ratio Rank: 79

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.

IE vs. AU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ivanhoe Electric Inc (IE) and AngloGold Ashanti Limited (AU). 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.

	IE	AU	Difference
Sharpe ratio: Return per unit of total volatility	0.29	1.42	-1.13
Sortino ratio: Return per unit of downside risk	0.92	1.90	-0.98
Omega ratio: Gain probability vs. loss probability	1.11	1.25	-0.13
Calmar ratio: Return relative to maximum drawdown	0.45	2.25	-1.80
Martin ratio: Return relative to average drawdown	0.92	5.74	-4.82

IE vs. AU - Sharpe Ratio Comparison

The current IE Sharpe Ratio is 0.29, which is lower than the AU Sharpe Ratio of 1.42. The chart below compares the historical Sharpe Ratios of IE and AU, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

IE vs. AU - Drawdown Comparison

The maximum IE drawdown since its inception was -71.12%, smaller than the maximum AU drawdown of -90.12%. Use the drawdown chart below to compare losses from any high point for IE and AU.

Drawdown Indicators

	IE	AU	Difference
Max Drawdown Largest peak-to-trough decline	-71.12%	-90.12%	+19.00%
Max Drawdown (1Y) Largest decline over 1 year	-49.45%	-37.03%	-12.42%
Max Drawdown (3Y) Largest decline over 3 years	-71.12%	-37.03%	-34.09%
Max Drawdown (5Y) Largest decline over 5 years	—	-51.75%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-67.91%	—
Current Drawdown Current decline from peak	-49.45%	-32.76%	-16.69%
Average Drawdown Average peak-to-trough decline	-32.49%	-46.05%	+13.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	24.10%	14.54%	+9.56%

Volatility

IE vs. AU - Volatility Comparison

Ivanhoe Electric Inc (IE) has a higher volatility of 26.39% compared to AngloGold Ashanti Limited (AU) at 20.08%. This indicates that IE's price experiences larger fluctuations and is considered to be riskier than AU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IE	AU	Difference
Volatility (1M) Calculated over the trailing 1-month period	26.39%	20.08%	+6.31%
Volatility (6M) Calculated over the trailing 6-month period	55.92%	47.21%	+8.71%
Volatility (1Y) Calculated over the trailing 1-year period	75.85%	58.70%	+17.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	70.10%	49.26%	+20.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	70.10%	49.82%	+20.28%

Dividends

IE vs. AU - Dividend Comparison

IE has not paid dividends to shareholders, while AU's dividend yield for the trailing twelve months is around 5.49%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
AU AngloGold Ashanti Limited	5.49%	2.96%	1.78%	1.14%	2.26%	2.58%	0.49%	0.30%	0.48%	0.93%
IE Ivanhoe Electric Inc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both IE and AU in my portfolio?

IE and AU have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IE or AU?

IE has higher volatility (26.39%) compared to AU (20.08%). In terms of maximum drawdown, IE dropped -71.12% vs AU's -90.12%.

Which has better risk-adjusted returns?

AU currently has the higher Sharpe Ratio (1.42 vs 0.29), 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.