MMA.AX vs. CORA.L

Last updated Jun 13, 2026

MMA.AX (Maronan Metals Limited) and CORA.L (Cora Gold Limited) are both stocks. Both are in the Basic Materials sector — MMA.AX in Other Precious Metals & Mining, CORA.L in Gold. Over the past 3 years, MMA.AX returned 23.06%/yr vs 35.98%/yr for CORA.L. At a 0.05 correlation, their price movements are largely independent.

Performance

MMA.AX vs. CORA.L - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in Maronan Metals Limited (MMA.AX) and Cora Gold Limited (CORA.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

MMA.AX is traded in AUD, while CORA.L is traded in GBp. To make them comparable, the CORA.L values have been converted to AUD using the latest available exchange rates.

Returns By Period

In the year-to-date period, MMA.AX achieves a -2.38% return, which is significantly lower than CORA.L's 22.23% return.

MMA.AX

• 1D: 12.33%
• 1M: 10.81%
• YTD: -2.38%
• 6M: 17.14%
• 1Y: 57.69%
• 3Y*: 23.06%
• 5Y*: —
• 10Y*: —

CORA.L

• 1D: -0.11%
• 1M: -8.40%
• YTD: 22.23%
• 6M: 35.10%
• 1Y: 9.35%
• 3Y*: 35.98%
• 5Y*: 0.98%
• 10Y*: —

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

MMA.AX vs. CORA.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
MMA.AX Maronan Metals Limited	-2.38%	100.00%	-20.75%	-5.36%	-6.67%
CORA.L Cora Gold Limited	22.23%	174.79%	17.85%	-43.89%	-42.28%

Correlation

The correlation between MMA.AX and CORA.L is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.10
Correlation (3Y) Calculated over the trailing 3-year period	0.05
Correlation (All Time) Calculated using the full available price history since Apr 29, 2022	0.05

Return for Risk

MMA.AX vs. CORA.L — Risk / Return Rank

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

MMA.AX

MMA.AX Risk / Return Rank: 64
MMA.AX Sharpe Ratio Rank: 63
MMA.AX Sortino Ratio Rank: 67
MMA.AX Omega Ratio Rank: 62
MMA.AX Calmar Ratio Rank: 63
MMA.AX Martin Ratio Rank: 61

CORA.L

CORA.L Risk / Return Rank: 56
CORA.L Sharpe Ratio Rank: 52
CORA.L Sortino Ratio Rank: 55
CORA.L Omega Ratio Rank: 65
CORA.L Calmar Ratio Rank: 53
CORA.L Martin Ratio Rank: 53

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.

MMA.AX vs. CORA.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Maronan Metals Limited (MMA.AX) and Cora Gold Limited (CORA.L). 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.

	MMA.AX	CORA.L	Difference
Sharpe ratio: Return per unit of total volatility	0.63	0.11	+0.51
Sortino ratio: Return per unit of downside risk	1.51	0.79	+0.71
Omega ratio: Gain probability vs. loss probability	1.17	1.14	+0.03
Calmar ratio: Return relative to maximum drawdown	1.00	0.18	+0.82
Martin ratio: Return relative to average drawdown	1.90	0.40	+1.51

MMA.AX vs. CORA.L - Sharpe Ratio Comparison

The current MMA.AX Sharpe Ratio is 0.63, which is higher than the CORA.L Sharpe Ratio of 0.11. The chart below compares the historical Sharpe Ratios of MMA.AX and CORA.L, 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

MMA.AX vs. CORA.L - Drawdown Comparison

The maximum MMA.AX drawdown since its inception was -55.64%, smaller than the maximum CORA.L drawdown of -92.17%. Use the drawdown chart below to compare losses from any high point for MMA.AX and CORA.L.

Drawdown Indicators

	MMA.AX	CORA.L	Difference
Max Drawdown Largest peak-to-trough decline	-55.64%	-92.17%	+36.53%
Max Drawdown (1Y) Largest decline over 1 year	-55.64%	-50.49%	-5.15%
Max Drawdown (3Y) Largest decline over 3 years	-55.64%	-60.50%	+4.86%
Max Drawdown (5Y) Largest decline over 5 years	—	-92.17%	—
Current Drawdown Current decline from peak	-38.35%	-53.43%	+15.08%
Average Drawdown Average peak-to-trough decline	-33.82%	-59.66%	+25.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	29.63%	23.50%	+6.13%

Volatility

MMA.AX vs. CORA.L - Volatility Comparison

Maronan Metals Limited (MMA.AX) has a higher volatility of 25.69% compared to Cora Gold Limited (CORA.L) at 5.85%. This indicates that MMA.AX's price experiences larger fluctuations and is considered to be riskier than CORA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MMA.AX	CORA.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	25.69%	5.85%	+19.84%
Volatility (6M) Calculated over the trailing 6-month period	69.44%	60.36%	+9.08%
Volatility (1Y) Calculated over the trailing 1-year period	89.18%	82.90%	+6.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	75.89%	64.58%	+11.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	75.89%	66.14%	+9.75%

Dividends

MMA.AX vs. CORA.L - Dividend Comparison

Neither MMA.AX nor CORA.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both MMA.AX and CORA.L in my portfolio?

MMA.AX and CORA.L have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.