LTR.AX vs. III.TO

Last updated Jun 4, 2026

LTR.AX (Liontown Resources Limited) and III.TO (Imperial Metals Corporation) are both stocks. Both are in the Basic Materials sector — LTR.AX in Other Industrial Metals & Mining, III.TO in Copper. Over the past 10 years, LTR.AX returned 59.01%/yr vs 1.46%/yr for III.TO. At a 0.03 correlation, their price movements are largely independent.

Performance

LTR.AX vs. III.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in Liontown Resources Limited (LTR.AX) and Imperial Metals Corporation (III.TO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

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

Returns By Period

In the year-to-date period, LTR.AX achieves a 53.65% return, which is significantly higher than III.TO's -36.03% return. Over the past 10 years, LTR.AX has outperformed III.TO with an annualized return of 59.01%, while III.TO has yielded a comparatively lower 1.46% annualized return.

LTR.AX

• 1D: -3.20%
• 1M: 0.00%
• YTD: 53.65%
• 6M: 80.60%
• 1Y: 320.87%
• 3Y*: -4.29%
• 5Y*: 32.13%
• 10Y*: 59.01%

III.TO

• 1D: -3.02%
• 1M: 6.21%
• YTD: -36.03%
• 6M: -16.78%
• 1Y: 28.54%
• 3Y*: 49.35%
• 5Y*: 5.62%
• 10Y*: 1.46%

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LTR.AX Liontown Resources Limited	53.65%	200.00%	-68.18%	25.00%	-20.48%	403.79%	290.87%	264.94%	-44.97%	159.51%
III.TO Imperial Metals Corporation	-36.03%	433.97%	-15.37%	23.28%	-43.20%	-33.71%	130.35%	40.19%	-53.31%	-44.75%

Correlation

The correlation between LTR.AX and III.TO is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.16
Correlation (3Y) Calculated over the trailing 3-year period	0.09
Correlation (5Y) Calculated over the trailing 5-year period	0.07
Correlation (10Y) Calculated over the trailing 10-year period	0.02
Correlation (All Time) Calculated using the full available price history since May 6, 2009	0.03

The correlation between LTR.AX and III.TO shifts across timeframes, from 0.02 (10 years) to 0.16 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

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

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

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

III.TO

III.TO Risk / Return Rank: 61
III.TO Sharpe Ratio Rank: 65
III.TO Sortino Ratio Rank: 61
III.TO Omega Ratio Rank: 61
III.TO Calmar Ratio Rank: 58
III.TO Martin Ratio Rank: 58

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.

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

This table presents a comparison of risk-adjusted performance metrics for Liontown Resources Limited (LTR.AX) and Imperial Metals Corporation (III.TO). 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.

	LTR.AX	III.TO	Difference
Sharpe ratio: Return per unit of total volatility	3.95	0.51	+3.45
Sortino ratio: Return per unit of downside risk	3.60	1.04	+2.56
Omega ratio: Gain probability vs. loss probability	1.43	1.13	+0.30
Calmar ratio: Return relative to maximum drawdown	9.13	0.51	+8.62
Martin ratio: Return relative to average drawdown	22.75	1.13	+21.62
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current LTR.AX Sharpe Ratio is 3.95, which is higher than the III.TO Sharpe Ratio of 0.51. The chart below compares the historical Sharpe Ratios of LTR.AX and III.TO, 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

	LTR.AX	III.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.95	0.51	+3.45
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.40	0.11	+0.29
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.58	0.02	+0.55
Sharpe Ratio (All Time) Calculated using the full available price history	0.14	0.11	+0.03

Drawdowns

LTR.AX vs. III.TO - Drawdown Comparison

The maximum LTR.AX drawdown since its inception was -98.56%, roughly equal to the maximum III.TO drawdown of -94.33%. Use the drawdown chart below to compare losses from any high point for LTR.AX and III.TO.

Drawdown Indicators

	LTR.AX	III.TO	Difference
Max Drawdown Largest peak-to-trough decline	-98.56%	-94.33%	-4.23%
Max Drawdown (1Y) Largest decline over 1 year	-34.62%	-55.80%	+21.18%
Max Drawdown (3Y) Largest decline over 3 years	-86.19%	-55.80%	-30.39%
Max Drawdown (5Y) Largest decline over 5 years	-86.19%	-66.31%	-19.88%
Max Drawdown (10Y) Largest decline over 10 years	-86.19%	-86.96%	+0.77%
Current Drawdown Current decline from peak	-23.17%	-61.97%	+38.80%
Average Drawdown Average peak-to-trough decline	-67.70%	-57.97%	-9.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.95%	25.41%	-11.46%

Volatility

LTR.AX vs. III.TO - Volatility Comparison

The current volatility for Liontown Resources Limited (LTR.AX) is 15.60%, while Imperial Metals Corporation (III.TO) has a volatility of 19.63%. This indicates that LTR.AX experiences smaller price fluctuations and is considered to be less risky than III.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LTR.AX	III.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.60%	19.63%	-4.03%
Volatility (6M) Calculated over the trailing 6-month period	52.27%	45.15%	+7.12%
Volatility (1Y) Calculated over the trailing 1-year period	80.02%	56.73%	+23.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	79.72%	51.86%	+27.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	101.88%	61.98%	+39.90%

Dividends

LTR.AX vs. III.TO - Dividend Comparison

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

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
III.TO Imperial Metals Corporation	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 LTR.AX and III.TO in my portfolio?

LTR.AX and III.TO have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.