IPX vs. TGB
IPX (IperionX Limited American Depositary Share) and TGB (Taseko Mines Limited) are both stocks. Both are in the Basic Materials sector — IPX in Other Industrial Metals & Mining, TGB in Copper. Over the past 3 years, IPX returned 56.89%/yr vs 69.66%/yr for TGB. At a 0.24 correlation, their price movements are largely independent.
Performance
IPX vs. TGB - Performance Comparison
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Returns By Period
In the year-to-date period, IPX achieves a -20.38% return, which is significantly lower than TGB's 18.20% return.
IPX
- 1D
- -5.17%
- 1M
- -23.42%
- YTD
- -20.38%
- 6M
- -17.33%
- 1Y
- 4.80%
- 3Y*
- 56.89%
- 5Y*
- —
- 10Y*
- —
TGB
- 1D
- -3.88%
- 1M
- 1.83%
- YTD
- 18.20%
- 6M
- 19.89%
- 1Y
- 132.29%
- 3Y*
- 69.66%
- 5Y*
- 25.72%
- 10Y*
- 30.02%
IPX vs. TGB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IPX IperionX Limited American Depositary Share | -20.38% | 5.19% | 271.49% | 95.98% | -32.50% |
TGB Taseko Mines Limited | 18.20% | 191.75% | 38.57% | -4.76% | 15.75% |
Correlation
The correlation between IPX and TGB is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Jun 21, 2022 | 0.24 |
The correlation between IPX and TGB shifts across timeframes, from 0.24 (all time) to 0.43 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
IPX:
$96.89M
TGB:
$2.47B
IPX:
-$4.28
TGB:
CA$0.05
IPX:
0.90
TGB:
4.26
IPX:
$0.00
TGB:
CA$768.31M
IPX:
-$4.58M
TGB:
CA$240.15M
IPX:
-$72.51M
TGB:
CA$244.74M
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Return for Risk
IPX vs. TGB — Risk / Return Rank
IPX
TGB
IPX vs. TGB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for IperionX Limited American Depositary Share (IPX) and Taseko Mines Limited (TGB). 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.
| IPX | TGB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.00 | ||
| Sortino ratioReturn per unit of downside risk | -1.86 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.32 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 0.08 | 3.75 | -3.68 |
| Martin ratioReturn relative to average drawdown | 0.15 | 9.73 | -9.58 |
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Drawdowns
IPX vs. TGB - Drawdown Comparison
The maximum IPX drawdown since its inception was -65.86%, smaller than the maximum TGB drawdown of -98.58%. Use the drawdown chart below to compare losses from any high point for IPX and TGB.
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Drawdown Indicators
| IPX | TGB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.86% | -98.58% | +32.72% |
Max Drawdown (1Y)Largest decline over 1 year | -63.43% | -35.47% | -27.96% |
Max Drawdown (3Y)Largest decline over 3 years | -65.86% | -44.26% | -21.60% |
Max Drawdown (5Y)Largest decline over 5 years | — | -61.92% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -90.76% | — |
Current DrawdownCurrent decline from peak | -52.07% | -51.35% | -0.72% |
Average DrawdownAverage peak-to-trough decline | -24.87% | -81.32% | +56.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 31.48% | 13.64% | +17.84% |
Volatility
IPX vs. TGB - Volatility Comparison
IperionX Limited American Depositary Share (IPX) and Taseko Mines Limited (TGB) have volatilities of 24.86% and 24.69%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IPX | TGB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.86% | 24.69% | +0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 64.67% | 52.68% | +11.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 78.22% | 64.69% | +13.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 91.39% | 62.84% | +28.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 91.39% | 65.88% | +25.51% |
Dividends
IPX vs. TGB - Dividend Comparison
Neither IPX nor TGB has paid dividends to shareholders.
Financials
IPX vs. TGB - Financials Comparison
This section allows you to compare key financial metrics between IperionX Limited American Depositary Share and Taseko Mines Limited. 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
IPX and TGB have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IPX has higher volatility (24.86%) compared to TGB (24.69%). In terms of maximum drawdown, IPX dropped -65.86% vs TGB's -98.58%.
TGB currently has the higher Sharpe Ratio (2.06 vs 0.06), 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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