IEP vs. RIO
IEP (Icahn Enterprises L.P.) and RIO (Rio Tinto Group) are both stocks. IEP operates in Conglomerates (Industrials), while RIO operates in Other Industrial Metals & Mining (Basic Materials). Over the past 10 years, IEP returned -4.25%/yr vs 19.32%/yr for RIO. Their 0.16 correlation means their historical movements had little consistent relationship.
Performance
IEP vs. RIO - Performance Comparison
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Returns By Period
In the year-to-date period, IEP achieves a 17.11% return, which is significantly lower than RIO's 24.40% return. Over the past 10 years, IEP has underperformed RIO with an annualized return of -4.25%, while RIO has yielded a comparatively higher 19.32% annualized return.
IEP
- 1D
- 1.04%
- 1M
- 7.60%
- 6M
- 13.65%
- YTD
- 17.11%
- 1Y
- 10.29%
- 3Y*
- -23.81%
- 5Y*
- -18.77%
- 10Y*
- -4.25%
- ALL TIME*
- 5.69%
RIO
- 1D
- -0.34%
- 1M
- 2.57%
- 6M
- 9.37%
- YTD
- 24.40%
- 1Y
- 70.95%
- 3Y*
- 21.12%
- 5Y*
- 10.17%
- 10Y*
- 19.32%
- ALL TIME*
- 11.96%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $4.36M | $4.54M | $6.59M | |
| $267.36M | $271.65M | $273.47M |
IEP vs. RIO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IEP Icahn Enterprises L.P. | 17.11% | 8.23% | -37.79% | -58.78% | 18.76% | 12.87% | -3.55% | 20.44% | 18.98% | -1.17% |
RIO Rio Tinto Group | 24.40% | 44.47% | -15.36% | 11.06% | 18.48% | -3.67% | 36.22% | 33.18% | -2.93% | 44.87% |
Correlation
The correlation between IEP and RIO is 0.18, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.18 |
Correlation (3Y) Balances recent behavior with more history. | 0.19 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.21 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.24 |
Correlation (All Time) Calculated using the full available price history since Jun 28, 1990 | 0.16 |
Fundamentals
IEP:
$5.24B
RIO:
$157.38B
IEP:
-$1.27
RIO:
$13.62
IEP:
0.29
RIO:
1.37
IEP:
$10.18B
RIO:
$115.63B
IEP:
$1.33B
RIO:
$30.71B
IEP:
$1.17B
RIO:
$41.85B
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Return for Risk
IEP vs. RIO — Risk / Return Rank
IEP
RIO
IEP vs. RIO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Icahn Enterprises L.P. (IEP) and Rio Tinto Group (RIO). 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.
| IEP | RIO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.06 | ||
| Sortino ratioReturn per unit of downside risk | -2.28 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.38 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 0.53 | 3.42 | -2.89 |
| Martin ratioReturn relative to average drawdown | 1.22 | 10.06 | -8.84 |
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Drawdowns
IEP vs. RIO - Drawdown Comparison
The maximum IEP drawdown since its inception was -84.21%, smaller than the maximum RIO drawdown of -88.97%. Use the drawdown chart below to compare losses from any high point for IEP and RIO.
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Drawdown Indicators
| IEP | RIO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.21% | -88.97% | +4.76% |
Max Drawdown (1Y)Largest decline over 1 year | -15.96% | -20.74% | +4.78% |
Max Drawdown (3Y)Largest decline over 3 years | -55.51% | -24.19% | -31.32% |
Max Drawdown (5Y)Largest decline over 5 years | -77.56% | -35.25% | -42.31% |
Max Drawdown (10Y)Largest decline over 10 years | -77.56% | -37.47% | -40.09% |
Current DrawdownCurrent decline from peak | -69.98% | -13.56% | -56.42% |
Average DrawdownAverage peak-to-trough decline | -30.73% | -23.73% | -7.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.95% | 7.04% | -0.09% |
Volatility
IEP vs. RIO - Volatility Comparison
The current volatility for Icahn Enterprises L.P. (IEP) is 5.42%, while Rio Tinto Group (RIO) has a volatility of 8.60%. This indicates that IEP experiences smaller price fluctuations and is considered to be less risky than RIO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IEP | RIO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.42% | 8.60% | -3.18% |
Volatility (6M)Calculated over the trailing 6-month period | 13.85% | 24.65% | -10.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.30% | 29.29% | -5.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 41.02% | 29.17% | +11.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.26% | 30.42% | +5.84% |
Dividends
IEP vs. RIO - Dividend Comparison
IEP's dividend yield for the trailing twelve months is around 25.67%, more than RIO's 4.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IEP Icahn Enterprises L.P. | 25.67% | 26.49% | 40.37% | 34.90% | 15.79% | 16.13% | 15.79% | 13.01% | 12.26% | 11.32% | 10.01% | 9.79% |
RIO Rio Tinto Group | 4.15% | 4.66% | 7.40% | 5.40% | 10.48% | 10.23% | 5.13% | 7.68% | 6.32% | 4.47% | 3.93% | 7.58% |
Financials
IEP vs. RIO - Financials Comparison
This section allows you to compare key financial metrics between Icahn Enterprises L.P. and Rio Tinto Group. 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
IEP vs. RIO - Profitability Comparison
IEP - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Icahn Enterprises L.P. reported a gross profit of 0.00 and revenue of 2.31B. Therefore, the gross margin over that period was 0.0%.
RIO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Rio Tinto Group reported a gross profit of 8.70B and revenue of 31.02B. Therefore, the gross margin over that period was 28.0%.
IEP - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Icahn Enterprises L.P. reported an operating income of 0.00 and revenue of 2.31B, resulting in an operating margin of 0.0%.
RIO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Rio Tinto Group reported an operating income of 8.70B and revenue of 31.02B, resulting in an operating margin of 28.0%.
IEP - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Icahn Enterprises L.P. reported a net income of -612.00M and revenue of 2.31B, resulting in a net margin of -26.5%.
RIO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Rio Tinto Group reported a net income of 6.66B and revenue of 31.02B, resulting in a net margin of 21.5%.
Frequently Asked Questions
IEP and RIO have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RIO has higher volatility (8.60%) compared to IEP (5.42%). In terms of maximum drawdown, IEP dropped -84.21% vs RIO's -88.97%.
RIO currently has the higher Sharpe Ratio (2.42 vs 0.37), 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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