IONR vs. UAMY

Last updated Jun 23, 2026

IONR (ioneer Ltd American Depositary Shares) and UAMY (United States Antimony Corporation) are both stocks. Both operate in the Other Industrial Metals & Mining industry within the Basic Materials sector. Over the past 3 years, IONR returned -23.83%/yr vs 192.90%/yr for UAMY. At a 0.19 correlation, their price movements are largely independent.

Performance

IONR vs. UAMY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ioneer Ltd American Depositary Shares (IONR) and United States Antimony Corporation (UAMY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IONR achieves a -19.79% return, which is significantly lower than UAMY's 55.38% return.

IONR

• 1D: -0.26%
• 1M: -8.55%
• YTD: -19.79%
• 6M: -13.09%
• 1Y: 44.19%
• 3Y*: -23.83%
• 5Y*: —
• 10Y*: —

UAMY

• 1D: -0.64%
• 1M: -7.36%
• YTD: 55.38%
• 6M: 39.53%
• 1Y: 185.71%
• 3Y*: 192.90%
• 5Y*: 52.68%
• 10Y*: 42.24%

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

IONR vs. UAMY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
IONR ioneer Ltd American Depositary Shares	-19.79%	20.30%	-0.50%	-63.15%	-35.23%
UAMY United States Antimony Corporation	55.38%	183.62%	610.84%	-48.86%	23.27%

Correlation

The correlation between IONR and UAMY is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.30
Correlation (3Y) Calculated over the trailing 3-year period	0.21
Correlation (All Time) Calculated using the full available price history since Jun 30, 2022	0.19

The correlation between IONR and UAMY shifts across timeframes, from 0.19 (all time) to 0.30 (1 year), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap IONR : $232.34M UAMY : $1.10B
EPS IONR : -$0.38 UAMY : -$0.13
PB Ratio IONR : 1.01 UAMY : 8.37
Total Revenue (TTM) IONR : $0.00 UAMY : $39.04M
Gross Profit (TTM) IONR : -$588.85K UAMY : $4.34M
EBITDA (TTM) IONR : -$9.14M UAMY : -$15.23M

Return for Risk

IONR vs. UAMY — Risk / Return Rank

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

IONR

IONR Risk / Return Rank: 60
IONR Sharpe Ratio Rank: 57
IONR Sortino Ratio Rank: 65
IONR Omega Ratio Rank: 62
IONR Calmar Ratio Rank: 59
IONR Martin Ratio Rank: 55

UAMY

UAMY Risk / Return Rank: 79
UAMY Sharpe Ratio Rank: 81
UAMY Sortino Ratio Rank: 83
UAMY Omega Ratio Rank: 77
UAMY Calmar Ratio Rank: 80
UAMY Martin Ratio Rank: 73

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. UAMY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ioneer Ltd American Depositary Shares (IONR) and United States Antimony Corporation (UAMY). 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.

	IONR	UAMY	Difference
Sharpe ratio: Return per unit of total volatility	0.43	1.41	-0.98
Sortino ratio: Return per unit of downside risk	1.42	2.42	-1.00
Omega ratio: Gain probability vs. loss probability	1.16	1.27	-0.10
Calmar ratio: Return relative to maximum drawdown	0.72	2.52	-1.80
Martin ratio: Return relative to average drawdown	1.24	4.26	-3.02

IONR vs. UAMY - Sharpe Ratio Comparison

The current IONR Sharpe Ratio is 0.43, which is lower than the UAMY Sharpe Ratio of 1.41. The chart below compares the historical Sharpe Ratios of IONR and UAMY, 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

IONR vs. UAMY - Drawdown Comparison

The maximum IONR drawdown since its inception was -87.76%, smaller than the maximum UAMY drawdown of -96.44%. Use the drawdown chart below to compare losses from any high point for IONR and UAMY.

Drawdown Indicators

	IONR	UAMY	Difference
Max Drawdown Largest peak-to-trough decline	-87.76%	-96.44%	+8.68%
Max Drawdown (1Y) Largest decline over 1 year	-62.01%	-74.30%	+12.29%
Max Drawdown (3Y) Largest decline over 3 years	-74.64%	-74.30%	-0.34%
Max Drawdown (5Y) Largest decline over 5 years	—	-80.46%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-89.76%	—
Current Drawdown Current decline from peak	-81.22%	-55.35%	-25.87%
Average Drawdown Average peak-to-trough decline	-67.29%	-66.40%	-0.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	35.84%	43.78%	-7.94%

Volatility

IONR vs. UAMY - Volatility Comparison

The current volatility for ioneer Ltd American Depositary Shares (IONR) is 25.35%, while United States Antimony Corporation (UAMY) has a volatility of 27.35%. This indicates that IONR experiences smaller price fluctuations and is considered to be less risky than UAMY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IONR	UAMY	Difference
Volatility (1M) Calculated over the trailing 1-month period	25.35%	27.35%	-2.00%
Volatility (6M) Calculated over the trailing 6-month period	65.89%	92.15%	-26.26%
Volatility (1Y) Calculated over the trailing 1-year period	103.03%	132.39%	-29.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	83.19%	95.17%	-11.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	83.19%	101.09%	-17.90%

Dividends

IONR vs. UAMY - Dividend Comparison

Neither IONR nor UAMY has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both IONR and UAMY in my portfolio?

IONR and UAMY have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IONR or UAMY?

UAMY has higher volatility (27.35%) compared to IONR (25.35%). In terms of maximum drawdown, IONR dropped -87.76% vs UAMY's -96.44%.

Which has better risk-adjusted returns?

UAMY currently has the higher Sharpe Ratio (1.41 vs 0.43), 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.