LAR.TO vs. LTR.AX

Last updated Jun 4, 2026

LAR.TO (Lithium Argentina AG ) and LTR.AX (Liontown Resources Limited) are both stocks. Both operate in the Other Industrial Metals & Mining industry within the Basic Materials sector. Over the past 10 years, LAR.TO returned 24.26%/yr vs 59.64%/yr for LTR.AX. At a 0.11 correlation, their price movements are largely independent.

Performance

LAR.TO vs. LTR.AX - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Lithium Argentina AG (LAR.TO) and Liontown Resources Limited (LTR.AX). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

LAR.TO is traded in CAD, while LTR.AX is traded in AUD. To make them comparable, the LTR.AX values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, LAR.TO achieves a 84.60% return, which is significantly higher than LTR.AX's 66.20% return. Over the past 10 years, LAR.TO has underperformed LTR.AX with an annualized return of 24.26%, while LTR.AX has yielded a comparatively higher 59.64% annualized return.

LAR.TO

• 1D: -5.80%
• 1M: 0.71%
• YTD: 84.60%
• 6M: 95.30%
• 1Y: 450.19%
• 3Y*: 7.23%
• 5Y*: 12.65%
• 10Y*: 24.26%

LTR.AX

• 1D: -3.30%
• 1M: 1.45%
• YTD: 66.20%
• 6M: 94.27%
• 1Y: 370.24%
• 3Y*: -0.69%
• 5Y*: 33.69%
• 10Y*: 59.64%

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

LAR.TO vs. LTR.AX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LAR.TO Lithium Argentina AG	84.60%	102.65%	-54.73%	-19.20%	-30.28%	130.41%	284.14%	-3.48%	-61.45%	179.47%
LTR.AX Liontown Resources Limited	66.20%	208.61%	-68.60%	22.17%	-20.16%	371.39%	321.72%	245.71%	-46.11%	163.29%

Correlation

The correlation between LAR.TO and LTR.AX is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.25
Correlation (3Y) Calculated over the trailing 3-year period	0.24
Correlation (5Y) Calculated over the trailing 5-year period	0.20
Correlation (10Y) Calculated over the trailing 10-year period	0.13
Correlation (All Time) Calculated using the full available price history since Jun 23, 2009	0.11

The correlation between LAR.TO and LTR.AX shifts across timeframes, from 0.11 (all time) to 0.25 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

LAR.TO vs. LTR.AX — Risk / Return Rank

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

LAR.TO

LAR.TO Risk / Return Rank: 97
LAR.TO Sharpe Ratio Rank: 99
LAR.TO Sortino Ratio Rank: 96
LAR.TO Omega Ratio Rank: 94
LAR.TO Calmar Ratio Rank: 98
LAR.TO Martin Ratio Rank: 98

LTR.AX

LTR.AX Risk / Return Rank: 95
LTR.AX Sharpe Ratio Rank: 97
LTR.AX Sortino Ratio Rank: 92
LTR.AX Omega Ratio Rank: 90
LTR.AX Calmar Ratio Rank: 97
LTR.AX Martin Ratio Rank: 96

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.

LAR.TO vs. LTR.AX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lithium Argentina AG (LAR.TO) and Liontown Resources Limited (LTR.AX). 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.

	LAR.TO	LTR.AX	Difference
Sharpe ratio Return per unit of total volatility	5.33	4.53	+0.81
Sortino ratio Return per unit of downside risk	4.28	3.84	+0.44
Omega ratio Gain probability vs. loss probability	1.53	1.46	+0.06
Calmar ratio Return relative to maximum drawdown	13.90	11.28	+2.62
Martin ratio Return relative to average drawdown	35.53	28.41	+7.12
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LAR.TO vs. LTR.AX - Sharpe Ratio Comparison

The current LAR.TO Sharpe Ratio is 5.33, which is comparable to the LTR.AX Sharpe Ratio of 4.53. The chart below compares the historical Sharpe Ratios of LAR.TO and LTR.AX, 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

	LAR.TO	LTR.AX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	5.33	4.53	+0.81
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.18	0.42	-0.24
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.34	0.58	-0.24
Sharpe Ratio (All Time) Calculated using the full available price history	0.12	0.30	-0.18

Drawdowns

LAR.TO vs. LTR.AX - Drawdown Comparison

The maximum LAR.TO drawdown since its inception was -94.78%, roughly equal to the maximum LTR.AX drawdown of -96.57%. Use the drawdown chart below to compare losses from any high point for LAR.TO and LTR.AX.

Drawdown Indicators

	LAR.TO	LTR.AX	Difference
Max Drawdown Largest peak-to-trough decline	-94.78%	-96.57%	+1.79%
Max Drawdown (1Y) Largest decline over 1 year	-32.65%	-32.31%	-0.34%
Max Drawdown (3Y) Largest decline over 3 years	-79.17%	-87.02%	+7.85%
Max Drawdown (5Y) Largest decline over 5 years	-88.58%	-87.02%	-1.56%
Max Drawdown (10Y) Largest decline over 10 years	-88.58%	-87.02%	-1.56%
Current Drawdown Current decline from peak	-32.73%	-16.10%	-16.63%
Average Drawdown Average peak-to-trough decline	-59.63%	-53.78%	-5.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.75%	12.88%	-0.13%

Volatility

LAR.TO vs. LTR.AX - Volatility Comparison

Lithium Argentina AG (LAR.TO) has a higher volatility of 21.15% compared to Liontown Resources Limited (LTR.AX) at 16.45%. This indicates that LAR.TO's price experiences larger fluctuations and is considered to be riskier than LTR.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LAR.TO	LTR.AX	Difference
Volatility (1M) Calculated over the trailing 1-month period	21.15%	16.45%	+4.70%
Volatility (6M) Calculated over the trailing 6-month period	56.32%	52.96%	+3.36%
Volatility (1Y) Calculated over the trailing 1-year period	85.33%	80.54%	+4.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	70.77%	80.97%	-10.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	72.34%	102.54%	-30.20%

Dividends

LAR.TO vs. LTR.AX - Dividend Comparison

Neither LAR.TO nor LTR.AX has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
LAR.TO Lithium Argentina AG	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
LTR.AX Liontown Resources Limited	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.04%

Financials

Frequently Asked Questions

Can I hold both LAR.TO and LTR.AX in my portfolio?

LAR.TO and LTR.AX have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.