IONR vs. PPTA

Last updated Apr 2, 2026

Compare and contrast key facts about ioneer Ltd American Depositary Shares (IONR) and Perpetua Resources Corp (PPTA).

Performance

IONR vs. PPTA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ioneer Ltd American Depositary Shares (IONR) and Perpetua Resources Corp (PPTA). The values are adjusted to include any dividend payments, if applicable.

IONR vs. PPTA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
IONR ioneer Ltd American Depositary Shares	-19.17%	20.30%	-0.50%	-63.15%	-38.27%
PPTA Perpetua Resources Corp	21.93%	126.90%	236.59%	8.56%	-11.78%

Fundamentals

Market Cap IONR : $234.15M PPTA : $2.75B
EPS IONR : -$0.38 PPTA : $1.22
PB Ratio IONR : 1.02 PPTA : 3.20
Total Revenue (TTM) IONR : $0.00 PPTA : $0.00
Gross Profit (TTM) IONR : -$588.85K PPTA : $0.00
EBITDA (TTM) IONR : -$9.14M PPTA : $0.00

Returns By Period

In the year-to-date period, IONR achieves a -19.17% return, which is significantly lower than PPTA's 21.93% return.

IONR

• 1D: -8.81%
• 1M: -3.48%
• YTD: -19.17%
• 6M: -9.77%
• 1Y: 0.00%
• 3Y*: -21.20%
• 5Y*: —
• 10Y*: —

PPTA

• 1D: 4.98%
• 1M: -20.69%
• YTD: 21.93%
• 6M: 42.82%
• 1Y: 174.35%
• 3Y*: 87.90%
• 5Y*: 35.34%
• 10Y*: —

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

Return for Risk

IONR vs. PPTA — Risk / Return Rank

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

IONR

IONR Risk / Return Rank: 43
IONR Sharpe Ratio Rank: 40
IONR Sortino Ratio Rank: 49
IONR Omega Ratio Rank: 46
IONR Calmar Ratio Rank: 40
IONR Martin Ratio Rank: 39

PPTA

PPTA Risk / Return Rank: 89
PPTA Sharpe Ratio Rank: 91
PPTA Sortino Ratio Rank: 84
PPTA Omega Ratio Rank: 85
PPTA Calmar Ratio Rank: 94
PPTA Martin Ratio Rank: 92

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.

IONR vs. PPTA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ioneer Ltd American Depositary Shares (IONR) and Perpetua Resources Corp (PPTA). 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.

	IONR	PPTA	Difference
Sharpe ratio Return per unit of total volatility	0.00	2.15	-2.15
Sortino ratio Return per unit of downside risk	0.80	2.40	-1.60
Omega ratio Gain probability vs. loss probability	1.09	1.34	-0.25
Calmar ratio Return relative to maximum drawdown	-0.01	5.36	-5.37
Martin ratio Return relative to average drawdown	-0.03	12.67	-12.70
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IONR vs. PPTA - Sharpe Ratio Comparison

The current IONR Sharpe Ratio is 0.00, which is lower than the PPTA Sharpe Ratio of 2.15. The chart below compares the historical Sharpe Ratios of IONR and PPTA, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	IONR	PPTA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.00	2.15	-2.15
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.50	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.40	0.40	-0.80

Correlation

The correlation between IONR and PPTA is 0.20, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

IONR vs. PPTA - Dividend Comparison

Neither IONR nor PPTA has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

IONR vs. PPTA - Drawdown Comparison

The maximum IONR drawdown since its inception was -87.76%, which is greater than PPTA's maximum drawdown of -81.78%. Use the drawdown chart below to compare losses from any high point for IONR and PPTA.

Drawdown Indicators

	IONR	PPTA	Difference
Max Drawdown Largest peak-to-trough decline	-87.76%	-81.78%	-5.98%
Max Drawdown (1Y) Largest decline over 1 year	-62.01%	-32.86%	-29.15%
Max Drawdown (5Y) Largest decline over 5 years	—	-81.78%	—
Current Drawdown Current decline from peak	-81.07%	-20.69%	-60.38%
Average Drawdown Average peak-to-trough decline	-66.60%	-39.27%	-27.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	30.71%	13.90%	+16.81%

Volatility

IONR vs. PPTA - Volatility Comparison

ioneer Ltd American Depositary Shares (IONR) has a higher volatility of 38.00% compared to Perpetua Resources Corp (PPTA) at 21.18%. This indicates that IONR's price experiences larger fluctuations and is considered to be riskier than PPTA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IONR	PPTA	Difference
Volatility (1M) Calculated over the trailing 1-month period	38.00%	21.18%	+16.82%
Volatility (6M) Calculated over the trailing 6-month period	80.31%	56.55%	+23.76%
Volatility (1Y) Calculated over the trailing 1-year period	100.40%	81.44%	+18.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	83.65%	71.21%	+12.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	83.65%	71.96%	+11.69%

Financials