MKA.L vs. AXIA
MKA.L (Mkango Resources Ltd) and AXIA (AXIA Energia SA) are both stocks. MKA.L operates in Other Industrial Metals & Mining (Basic Materials), while AXIA operates in Utilities - Renewable (Utilities). Over the past 5 years, MKA.L returned 6.89%/yr vs 12.70%/yr for AXIA. At a 0.04 correlation, their price movements are largely independent.
Performance
MKA.L vs. AXIA - Performance Comparison
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Different Trading Currencies
MKA.L is traded in GBp, while AXIA is traded in USD. To make them comparable, the AXIA values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, MKA.L achieves a -7.74% return, which is significantly lower than AXIA's 12.80% return.
MKA.L
- 1D
- 2.14%
- 1M
- -10.63%
- YTD
- -7.74%
- 6M
- -17.50%
- 1Y
- 160.00%
- 3Y*
- 57.41%
- 5Y*
- 6.89%
- 10Y*
- —
AXIA
- 1D
- -0.01%
- 1M
- -5.57%
- YTD
- 12.80%
- 6M
- 10.31%
- 1Y
- 89.05%
- 3Y*
- 20.69%
- 5Y*
- 12.70%
- 10Y*
- 22.50%
MKA.L vs. AXIA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MKA.L Mkango Resources Ltd | -7.74% | 484.91% | -30.87% | -6.12% | -60.48% | 77.14% | 103.49% | -0.00% | 18.62% | 123.08% |
AXIA AXIA Energia SA | 12.80% | 105.71% | -30.08% | 3.94% | 48.51% | -5.54% | -24.06% | 44.67% | 18.01% | -24.09% |
Correlation
The correlation between MKA.L and AXIA is 0.08, 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 | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Jun 15, 2016 | 0.04 |
Fundamentals
MKA.L:
£149.39M
AXIA:
$23.29B
MKA.L:
-$0.04
AXIA:
R$4.28
MKA.L:
3.72K
AXIA:
2.76
MKA.L:
$50.78K
AXIA:
R$42.79B
MKA.L:
-$544.15K
AXIA:
R$19.78B
MKA.L:
-$17.87M
AXIA:
R$6.39B
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Return for Risk
MKA.L vs. AXIA — Risk / Return Rank
MKA.L
AXIA
MKA.L vs. AXIA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Mkango Resources Ltd (MKA.L) and AXIA Energia SA (AXIA). 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.
| MKA.L | AXIA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.96 | ||
| Sortino ratioReturn per unit of downside risk | -0.47 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.41 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 3.09 | 3.41 | -0.32 |
| Martin ratioReturn relative to average drawdown | 6.25 | 11.08 | -4.83 |
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Drawdowns
MKA.L vs. AXIA - Drawdown Comparison
The maximum MKA.L drawdown since its inception was -88.80%, roughly equal to the maximum AXIA drawdown of -93.12%. Use the drawdown chart below to compare losses from any high point for MKA.L and AXIA.
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Drawdown Indicators
| MKA.L | AXIA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.80% | -93.12% | +4.32% |
Max Drawdown (1Y)Largest decline over 1 year | -51.45% | -26.44% | -25.01% |
Max Drawdown (3Y)Largest decline over 3 years | -67.06% | -38.42% | -28.64% |
Max Drawdown (5Y)Largest decline over 5 years | -88.80% | -50.48% | -38.32% |
Max Drawdown (10Y)Largest decline over 10 years | -88.80% | -72.28% | -16.52% |
Current DrawdownCurrent decline from peak | -37.83% | -22.55% | -15.28% |
Average DrawdownAverage peak-to-trough decline | -43.09% | -50.67% | +7.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 25.50% | 8.13% | +17.37% |
Volatility
MKA.L vs. AXIA - Volatility Comparison
Mkango Resources Ltd (MKA.L) has a higher volatility of 22.52% compared to AXIA Energia SA (AXIA) at 8.62%. This indicates that MKA.L's price experiences larger fluctuations and is considered to be riskier than AXIA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MKA.L | AXIA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.52% | 8.62% | +13.90% |
Volatility (6M)Calculated over the trailing 6-month period | 48.28% | 26.48% | +21.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 94.98% | 34.23% | +60.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 77.51% | 36.66% | +40.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 96.26% | 95.30% | +0.96% |
Dividends
MKA.L vs. AXIA - Dividend Comparison
MKA.L has not paid dividends to shareholders, while AXIA's dividend yield for the trailing twelve months is around 5.20%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
AXIA AXIA Energia SA | 5.20% | 7.19% | 3.85% | 0.51% | 1.89% | 7.32% | 4.38% | 2.21% |
MKA.L Mkango Resources Ltd | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
MKA.L vs. AXIA - Financials Comparison
This section allows you to compare key financial metrics between Mkango Resources Ltd and AXIA Energia SA. 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
MKA.L and AXIA have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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