IE vs. MP
IE (Ivanhoe Electric Inc) and MP (MP Materials Corp.) are both stocks. Both are in the Basic Materials sector — IE in Copper, MP in Other Industrial Metals & Mining. Over the past 3 years, IE returned 2.40%/yr vs 48.48%/yr for MP. At a 0.41 correlation, their price movements are largely independent.
Performance
IE vs. MP - Performance Comparison
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Returns By Period
In the year-to-date period, IE achieves a -10.76% return, which is significantly lower than MP's 42.99% return.
IE
- 1D
- 4.16%
- 1M
- 8.94%
- YTD
- -10.76%
- 6M
- 8.19%
- 1Y
- 88.87%
- 3Y*
- 2.40%
- 5Y*
- —
- 10Y*
- —
MP
- 1D
- 4.26%
- 1M
- 8.42%
- YTD
- 42.99%
- 6M
- 18.74%
- 1Y
- 252.39%
- 3Y*
- 48.48%
- 5Y*
- 18.16%
- 10Y*
- —
IE vs. MP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IE Ivanhoe Electric Inc | -10.76% | 111.66% | -25.10% | -17.04% | 12.50% |
MP MP Materials Corp. | 42.99% | 223.85% | -21.41% | -18.25% | -32.18% |
Correlation
The correlation between IE and MP is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Jun 29, 2022 | 0.41 |
Fundamentals
IE:
-$0.83
MP:
-$0.53
IE:
597.16
MP:
31.83
IE:
$3.37M
MP:
$305.30M
IE:
-$32.15M
MP:
$25.30M
IE:
-$179.34M
MP:
$1.52M
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Return for Risk
IE vs. MP — Risk / Return Rank
IE
MP
IE vs. MP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ivanhoe Electric Inc (IE) and MP Materials Corp. (MP). 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.
| IE | MP | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.21 | 2.71 | -1.50 |
Sortino ratioReturn per unit of downside risk | 1.82 | 3.44 | -1.62 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.39 | -0.17 |
Calmar ratioReturn relative to maximum drawdown | 2.05 | 4.30 | -2.26 |
Martin ratioReturn relative to average drawdown | 4.30 | 7.39 | -3.09 |
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
| IE | MP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.21 | 2.71 | -1.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.26 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.11 | 0.55 | -0.44 |
Drawdowns
IE vs. MP - Drawdown Comparison
The maximum IE drawdown since its inception was -71.12%, smaller than the maximum MP drawdown of -81.99%. Use the drawdown chart below to compare losses from any high point for IE and MP.
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Drawdown Indicators
| IE | MP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.12% | -81.99% | +10.87% |
Max Drawdown (1Y)Largest decline over 1 year | -45.93% | -53.79% | +7.86% |
Max Drawdown (3Y)Largest decline over 3 years | -71.12% | -59.47% | -11.65% |
Max Drawdown (5Y)Largest decline over 5 years | — | -81.99% | — |
Current DrawdownCurrent decline from peak | -28.41% | -26.77% | -1.64% |
Average DrawdownAverage peak-to-trough decline | -31.84% | -42.63% | +10.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.86% | 31.35% | -9.49% |
Volatility
IE vs. MP - Volatility Comparison
Ivanhoe Electric Inc (IE) has a higher volatility of 22.53% compared to MP Materials Corp. (MP) at 20.64%. This indicates that IE's price experiences larger fluctuations and is considered to be riskier than MP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IE | MP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.53% | 20.64% | +1.89% |
Volatility (6M)Calculated over the trailing 6-month period | 54.93% | 50.54% | +4.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 73.62% | 93.99% | -20.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 69.63% | 69.54% | +0.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 69.63% | 72.59% | -2.96% |
Dividends
IE vs. MP - Dividend Comparison
Neither IE nor MP has paid dividends to shareholders.
Financials
IE vs. MP - Financials Comparison
This section allows you to compare key financial metrics between Ivanhoe Electric Inc and MP Materials Corp.. 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
IE and MP have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IE has higher volatility (22.53%) compared to MP (20.64%). In terms of maximum drawdown, IE dropped -71.12% vs MP's -81.99%.
MP currently has the higher Sharpe Ratio (2.71 vs 1.21), 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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