KLBAY vs. VALE

Last updated Jun 4, 2026

KLBAY (Klabin Sa A) and VALE (Vale S.A.) are both stocks. Both are in the Basic Materials sector — KLBAY in Paper & Paper Products, VALE in Other Industrial Metals & Mining. Over the past 10 years, KLBAY returned 1.43%/yr vs 21.28%/yr for VALE. At a 0.22 correlation, their price movements are largely independent.

Performance

KLBAY vs. VALE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Klabin Sa A (KLBAY) and Vale S.A. (VALE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, KLBAY achieves a -1.90% return, which is significantly lower than VALE's 23.25% return. Over the past 10 years, KLBAY has underperformed VALE with an annualized return of 1.43%, while VALE has yielded a comparatively higher 21.28% annualized return.

KLBAY

• 1D: -1.03%
• 1M: -5.10%
• YTD: -1.90%
• 6M: 1.29%
• 1Y: 7.28%
• 3Y*: -2.06%
• 5Y*: -0.97%
• 10Y*: 1.43%

VALE

• 1D: -4.52%
• 1M: 1.39%
• YTD: 23.25%
• 6M: 22.91%
• 1Y: 81.55%
• 3Y*: 14.29%
• 5Y*: 2.79%
• 10Y*: 21.28%

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

KLBAY vs. VALE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
KLBAY Klabin Sa A	-1.90%	0.91%	-9.78%	29.52%	-9.24%	-12.94%	4.71%	28.38%	-17.03%	0.34%
VALE Vale S.A.	23.25%	60.70%	-38.83%	1.57%	32.54%	-1.45%	32.40%	2.72%	12.25%	68.03%

Correlation

The correlation between KLBAY and VALE is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.04
Correlation (3Y) Calculated over the trailing 3-year period	0.08
Correlation (5Y) Calculated over the trailing 5-year period	0.16
Correlation (10Y) Calculated over the trailing 10-year period	0.13
Correlation (All Time) Calculated using the full available price history since Jul 16, 2007	0.22

The correlation between KLBAY and VALE shifts across timeframes, from 0.04 (1 year) to 0.22 (all time), reflecting how their relationship changes across market environments.

Fundamentals

EPS KLBAY : $0.21 VALE : $0.65
PE Ratio KLBAY : 32.00 VALE : 24.58
PS Ratio KLBAY : 0.74 VALE : 1.74
Total Revenue (TTM) KLBAY : $20.69B VALE : $39.53B
Gross Profit (TTM) KLBAY : $7.29B VALE : $13.65B
EBITDA (TTM) KLBAY : $6.38B VALE : $14.33B

Return for Risk

KLBAY vs. VALE — Risk / Return Rank

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

KLBAY

KLBAY Risk / Return Rank: 46
KLBAY Sharpe Ratio Rank: 45
KLBAY Sortino Ratio Rank: 46
KLBAY Omega Ratio Rank: 49
KLBAY Calmar Ratio Rank: 46
KLBAY Martin Ratio Rank: 46

VALE

VALE Risk / Return Rank: 90
VALE Sharpe Ratio Rank: 92
VALE Sortino Ratio Rank: 89
VALE Omega Ratio Rank: 88
VALE Calmar Ratio Rank: 88
VALE 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.

KLBAY vs. VALE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Klabin Sa A (KLBAY) and Vale S.A. (VALE). 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.

	KLBAY	VALE	Difference
Sharpe ratio: Return per unit of total volatility	0.12	2.60	-2.47
Sortino ratio: Return per unit of downside risk	0.67	3.13	-2.46
Omega ratio: Gain probability vs. loss probability	1.10	1.41	-0.31
Calmar ratio: Return relative to maximum drawdown	0.23	4.13	-3.90
Martin ratio: Return relative to average drawdown	0.42	14.77	-14.35
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

KLBAY vs. VALE - Sharpe Ratio Comparison

The current KLBAY Sharpe Ratio is 0.12, which is lower than the VALE Sharpe Ratio of 2.60. The chart below compares the historical Sharpe Ratios of KLBAY and VALE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	KLBAY	VALE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.12	2.60	-2.47
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.02	0.08	-0.10
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.03	0.52	-0.49
Sharpe Ratio (All Time) Calculated using the full available price history	0.04	0.31	-0.27

Drawdowns

KLBAY vs. VALE - Drawdown Comparison

The maximum KLBAY drawdown since its inception was -87.31%, smaller than the maximum VALE drawdown of -92.78%. Use the drawdown chart below to compare losses from any high point for KLBAY and VALE.

Drawdown Indicators

	KLBAY	VALE	Difference
Max Drawdown Largest peak-to-trough decline	-87.31%	-92.78%	+5.47%
Max Drawdown (1Y) Largest decline over 1 year	-31.97%	-19.85%	-12.12%
Max Drawdown (3Y) Largest decline over 3 years	-34.95%	-41.94%	+6.99%
Max Drawdown (5Y) Largest decline over 5 years	-38.90%	-49.79%	+10.89%
Max Drawdown (10Y) Largest decline over 10 years	-59.92%	-57.60%	-2.32%
Current Drawdown Current decline from peak	-74.18%	-9.88%	-64.30%
Average Drawdown Average peak-to-trough decline	-57.12%	-36.73%	-20.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.37%	5.54%	+11.83%

Volatility

KLBAY vs. VALE - Volatility Comparison

The current volatility for Klabin Sa A (KLBAY) is 8.31%, while Vale S.A. (VALE) has a volatility of 9.10%. This indicates that KLBAY experiences smaller price fluctuations and is considered to be less risky than VALE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	KLBAY	VALE	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.31%	9.10%	-0.79%
Volatility (6M) Calculated over the trailing 6-month period	49.22%	26.50%	+22.72%
Volatility (1Y) Calculated over the trailing 1-year period	59.43%	31.56%	+27.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	49.34%	35.41%	+13.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	50.69%	41.00%	+9.69%

Dividends

KLBAY vs. VALE - Dividend Comparison

KLBAY's dividend yield for the trailing twelve months is around 4.03%, more than VALE's 3.58% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
KLBAY Klabin Sa A	4.03%	4.40%	6.76%	5.12%	7.63%	1.46%	0.10%	3.63%	6.49%	4.36%	5.17%	2.00%
VALE Vale S.A.	3.58%	7.29%	11.41%	7.75%	8.63%	19.70%	2.72%	2.63%	4.16%	3.77%	1.06%	7.48%

Financials

KLBAY vs. VALE - Profitability Comparison

The chart below illustrates the profitability comparison between Klabin Sa A and Vale S.A. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

KLBAY - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Klabin Sa A reported a gross profit of 1.60B and revenue of 4.85B. Therefore, the gross margin over that period was 33.1%.

VALE - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Vale S.A. reported a gross profit of 3.06B and revenue of 9.26B. Therefore, the gross margin over that period was 33.0%.

KLBAY - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Klabin Sa A reported an operating income of 896.14M and revenue of 4.85B, resulting in an operating margin of 18.5%.

VALE - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Vale S.A. reported an operating income of 2.67B and revenue of 9.26B, resulting in an operating margin of 28.8%.

KLBAY - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Klabin Sa A reported a net income of -520.14M and revenue of 4.85B, resulting in a net margin of -10.7%.

VALE - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Vale S.A. reported a net income of 1.89B and revenue of 9.26B, resulting in a net margin of 20.5%.

Frequently Asked Questions

Can I hold both KLBAY and VALE in my portfolio?

KLBAY and VALE have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, KLBAY or VALE?

VALE has higher volatility (9.10%) compared to KLBAY (8.31%). In terms of maximum drawdown, KLBAY dropped -87.31% vs VALE's -92.78%.

Which has better risk-adjusted returns?

VALE currently has the higher Sharpe Ratio (2.60 vs 0.12), 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.