IE vs. NEXA

Last updated Jul 14, 2026

IE (Ivanhoe Electric Inc) and NEXA (Nexa Resources S.A.) are both stocks. Both are in the Basic Materials sector — IE in Copper, NEXA in Other Industrial Metals & Mining. Over the past 3 years, IE returned -17.97%/yr vs 45.15%/yr for NEXA. At a 0.30 correlation, their price movements are largely independent.

Performance

IE vs. NEXA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Ivanhoe Electric Inc (IE) and Nexa Resources S.A. (NEXA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IE achieves a -44.74% return, which is significantly lower than NEXA's 55.71% return.

IE

• 1D: -3.29%
• 1M: -19.95%
• 6M: -50.97%
• YTD: -44.74%
• 1Y: -15.01%
• 3Y*: -17.97%
• 5Y*: —
• 10Y*: —

NEXA

• 1D: -6.95%
• 1M: 0.36%
• 6M: 28.31%
• YTD: 55.71%
• 1Y: 175.60%
• 3Y*: 45.15%
• 5Y*: 12.76%
• 10Y*: —

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

IE vs. NEXA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
IE Ivanhoe Electric Inc	-44.74%	111.66%	-25.10%	-17.04%	3.40%
NEXA Nexa Resources S.A.	55.71%	2.67%	23.25%	22.07%	-9.19%

Correlation

The correlation between IE and NEXA is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.44
Correlation (3Y) Calculated over the trailing 3-year period	0.29
Correlation (All Time) Calculated using the full available price history since Jun 28, 2022	0.30

The correlation between IE and NEXA shifts across timeframes, from 0.29 (3 years) to 0.44 (1 year), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap IE : $1.40B NEXA : $1.83B
EPS IE : -$0.81 NEXA : $1.59
PS Ratio IE : 377.11 NEXA : 0.56
PB Ratio IE : 2.59 NEXA : 1.60
Total Revenue (TTM) IE : $3.37M NEXA : $3.24B
Gross Profit (TTM) IE : -$32.15M NEXA : $733.72M
EBITDA (TTM) IE : -$179.34M NEXA : $1.10B

Return for Risk

IE vs. NEXA — Risk / Return Rank

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

IE

IE Risk / Return Rank: 37
IE Sharpe Ratio Rank: 36
IE Sortino Ratio Rank: 39
IE Omega Ratio Rank: 39
IE Calmar Ratio Rank: 36
IE Martin Ratio Rank: 34

NEXA

NEXA Risk / Return Rank: 93
NEXA Sharpe Ratio Rank: 95
NEXA Sortino Ratio Rank: 90
NEXA Omega Ratio Rank: 91
NEXA Calmar Ratio Rank: 94
NEXA Martin Ratio Rank: 94

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. NEXA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ivanhoe Electric Inc (IE) and Nexa Resources S.A. (NEXA). 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	NEXA	Difference
Sharpe ratio: Return per unit of total volatility	-0.20	2.59	-2.79
Sortino ratio: Return per unit of downside risk	0.22	2.86	-2.64
Omega ratio: Gain probability vs. loss probability	1.03	1.39	-0.36
Calmar ratio: Return relative to maximum drawdown	-0.27	4.74	-5.01
Martin ratio: Return relative to average drawdown	-0.56	13.44	-14.00

IE vs. NEXA - Sharpe Ratio Comparison

The current IE Sharpe Ratio is -0.20, which is lower than the NEXA Sharpe Ratio of 2.59. The chart below compares the historical Sharpe Ratios of IE and NEXA, 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. NEXA - Drawdown Comparison

The maximum IE drawdown since its inception was -71.12%, smaller than the maximum NEXA drawdown of -85.01%. Use the drawdown chart below to compare losses from any high point for IE and NEXA.

Drawdown Indicators

	IE	NEXA	Difference
Max Drawdown Largest peak-to-trough decline	-71.12%	-85.01%	+13.89%
Max Drawdown (1Y) Largest decline over 1 year	-55.67%	-37.31%	-18.36%
Max Drawdown (3Y) Largest decline over 3 years	-71.12%	-47.02%	-24.10%
Max Drawdown (5Y) Largest decline over 5 years	—	-62.86%	—
Current Drawdown Current decline from peak	-55.67%	-17.58%	-38.09%
Average Drawdown Average peak-to-trough decline	-32.76%	-51.07%	+18.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	26.97%	13.12%	+13.85%

Volatility

IE vs. NEXA - Volatility Comparison

The current volatility for Ivanhoe Electric Inc (IE) is 16.69%, while Nexa Resources S.A. (NEXA) has a volatility of 22.76%. This indicates that IE experiences smaller price fluctuations and is considered to be less risky than NEXA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IE	NEXA	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.69%	22.76%	-6.07%
Volatility (6M) Calculated over the trailing 6-month period	55.52%	60.89%	-5.37%
Volatility (1Y) Calculated over the trailing 1-year period	74.77%	68.37%	+6.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	69.83%	58.11%	+11.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	69.83%	60.06%	+9.77%

Dividends

IE vs. NEXA - Dividend Comparison

Neither IE nor NEXA has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
IE Ivanhoe Electric Inc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
NEXA Nexa Resources S.A.	0.00%	1.14%	0.00%	2.64%	6.26%	3.36%	3.92%	6.46%	5.04%

Financials

Frequently Asked Questions

Can I hold both IE and NEXA in my portfolio?

IE and NEXA have a correlation of 0.44, 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 NEXA?

NEXA has higher volatility (22.76%) compared to IE (16.69%). In terms of maximum drawdown, IE dropped -71.12% vs NEXA's -85.01%.

Which has better risk-adjusted returns?

NEXA currently has the higher Sharpe Ratio (2.59 vs -0.20), 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.