MKA.L vs. HSHP

Last updated Jun 13, 2026

MKA.L (Mkango Resources Ltd) and HSHP (Himalaya Shipping Ltd.) are both stocks. MKA.L operates in Other Industrial Metals & Mining (Basic Materials), while HSHP operates in Marine Shipping (Industrials). Over the past 3 years, MKA.L returned 57.41%/yr vs 41.69%/yr for HSHP. At a correlation of -0.01, they often move in opposite directions.

Performance

MKA.L vs. HSHP - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Mkango Resources Ltd (MKA.L) and Himalaya Shipping Ltd. (HSHP). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

MKA.L is traded in GBp, while HSHP is traded in USD. To make them comparable, the HSHP 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 HSHP's 72.08% return.

MKA.L

• 1D: 2.14%
• 1M: -4.67%
• YTD: -7.74%
• 6M: -17.50%
• 1Y: 160.00%
• 3Y*: 57.41%
• 5Y*: 6.89%
• 10Y*: —

HSHP

• 1D: 3.14%
• 1M: -2.87%
• YTD: 72.08%
• 6M: 71.54%
• 1Y: 148.59%
• 3Y*: 41.69%
• 5Y*: —
• 10Y*: —

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

MKA.L vs. HSHP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
MKA.L Mkango Resources Ltd	-7.74%	484.91%	-30.87%	-6.12%	13.95%
HSHP Himalaya Shipping Ltd.	72.08%	82.13%	-22.19%	30.27%	-7.05%

Correlation

The correlation between MKA.L and HSHP 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	-0.01
Correlation (All Time) Calculated using the full available price history since Oct 25, 2022	-0.01

Fundamentals

Market Cap MKA.L : £149.39M HSHP : $715.11M
EPS MKA.L : -$0.04 HSHP : $0.63
PS Ratio MKA.L : 3.72K HSHP : 4.92
Total Revenue (TTM) MKA.L : $50.78K HSHP : $143.50M
Gross Profit (TTM) MKA.L : -$544.15K HSHP : $98.40M
EBITDA (TTM) MKA.L : -$17.87M HSHP : $101.44M

Return for Risk

MKA.L vs. HSHP — Risk / Return Rank

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

MKA.L

MKA.L Risk / Return Rank: 84
MKA.L Sharpe Ratio Rank: 86
MKA.L Sortino Ratio Rank: 86
MKA.L Omega Ratio Rank: 81
MKA.L Calmar Ratio Rank: 84
MKA.L Martin Ratio Rank: 81

HSHP

HSHP Risk / Return Rank: 96
HSHP Sharpe Ratio Rank: 97
HSHP Sortino Ratio Rank: 96
HSHP Omega Ratio Rank: 94
HSHP Calmar Ratio Rank: 97
HSHP 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.

MKA.L vs. HSHP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Mkango Resources Ltd (MKA.L) and Himalaya Shipping Ltd. (HSHP). 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	HSHP	Difference
Sharpe ratio: Return per unit of total volatility	1.67	3.83	-2.16
Sortino ratio: Return per unit of downside risk	2.70	4.13	-1.43
Omega ratio: Gain probability vs. loss probability	1.30	1.51	-0.22
Calmar ratio: Return relative to maximum drawdown	3.09	9.86	-6.77
Martin ratio: Return relative to average drawdown	6.25	22.04	-15.79

MKA.L vs. HSHP - Sharpe Ratio Comparison

The current MKA.L Sharpe Ratio is 1.67, which is lower than the HSHP Sharpe Ratio of 3.83. The chart below compares the historical Sharpe Ratios of MKA.L and HSHP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

MKA.L vs. HSHP - Drawdown Comparison

The maximum MKA.L drawdown since its inception was -88.80%, which is greater than HSHP's maximum drawdown of -52.55%. Use the drawdown chart below to compare losses from any high point for MKA.L and HSHP.

Drawdown Indicators

	MKA.L	HSHP	Difference
Max Drawdown Largest peak-to-trough decline	-88.80%	-52.55%	-36.25%
Max Drawdown (1Y) Largest decline over 1 year	-51.45%	-15.16%	-36.29%
Max Drawdown (3Y) Largest decline over 3 years	-67.06%	-52.55%	-14.51%
Max Drawdown (5Y) Largest decline over 5 years	-88.80%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-88.80%	—	—
Current Drawdown Current decline from peak	-37.83%	-5.11%	-32.72%
Average Drawdown Average peak-to-trough decline	-43.09%	-15.91%	-27.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	25.50%	6.77%	+18.73%

Volatility

MKA.L vs. HSHP - Volatility Comparison

Mkango Resources Ltd (MKA.L) has a higher volatility of 22.52% compared to Himalaya Shipping Ltd. (HSHP) at 13.03%. This indicates that MKA.L's price experiences larger fluctuations and is considered to be riskier than HSHP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MKA.L	HSHP	Difference
Volatility (1M) Calculated over the trailing 1-month period	22.52%	13.03%	+9.49%
Volatility (6M) Calculated over the trailing 6-month period	48.28%	30.39%	+17.89%
Volatility (1Y) Calculated over the trailing 1-year period	94.98%	38.99%	+55.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	77.51%	42.37%	+35.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	96.26%	42.37%	+53.89%

Dividends

MKA.L vs. HSHP - Dividend Comparison

MKA.L has not paid dividends to shareholders, while HSHP's dividend yield for the trailing twelve months is around 3.81%.

Position	TTM	2025	2024
HSHP Himalaya Shipping Ltd.	3.81%	3.57%	9.88%
MKA.L Mkango Resources Ltd	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both MKA.L and HSHP in my portfolio?

MKA.L and HSHP 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.