MP vs. ASTS
MP (MP Materials Corp.) and ASTS (AST SpaceMobile, Inc.) are both stocks. MP operates in Other Industrial Metals & Mining (Basic Materials), while ASTS operates in Communication Equipment (Technology). Over the past 5 years, MP returned 12.44%/yr vs 51.99%/yr for ASTS. At a 0.35 correlation, their price movements are largely independent.
Performance
MP vs. ASTS - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with MP having a 13.92% return and ASTS slightly lower at 13.47%.
MP
- 1D
- 0.65%
- 1M
- -4.58%
- YTD
- 13.92%
- 6M
- 1.57%
- 1Y
- 88.38%
- 3Y*
- 36.26%
- 5Y*
- 12.44%
- 10Y*
- —
ASTS
- 1D
- -15.53%
- 1M
- -0.72%
- YTD
- 13.47%
- 6M
- 7.44%
- 1Y
- 114.78%
- 3Y*
- 140.29%
- 5Y*
- 51.99%
- 10Y*
- —
MP vs. ASTS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
MP MP Materials Corp. | 13.92% | 223.85% | -21.41% | -18.25% | -46.54% | 33.04% |
ASTS AST SpaceMobile, Inc. | 13.47% | 244.22% | 249.92% | 25.10% | -39.29% | -31.73% |
Correlation
The correlation between MP and ASTS is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Apr 7, 2021 | 0.35 |
The correlation between MP and ASTS shifts across timeframes, from 0.35 (all time) to 0.47 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
MP:
-$0.53
ASTS:
-$1.84
MP:
25.36
ASTS:
257.48
MP:
$305.30M
ASTS:
$84.94M
MP:
$25.30M
ASTS:
-$22.93M
MP:
$1.52M
ASTS:
-$536.80M
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Return for Risk
MP vs. ASTS — Risk / Return Rank
MP
ASTS
MP vs. ASTS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MP Materials Corp. (MP) and AST SpaceMobile, Inc. (ASTS). 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.
| MP | ASTS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.23 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.82 | 2.60 | -0.78 |
| Martin ratioReturn relative to average drawdown | 3.03 | 5.06 | -2.03 |
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Drawdowns
MP vs. ASTS - Drawdown Comparison
The maximum MP drawdown since its inception was -81.99%, roughly equal to the maximum ASTS drawdown of -85.57%. Use the drawdown chart below to compare losses from any high point for MP and ASTS.
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Drawdown Indicators
| MP | ASTS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.99% | -85.57% | +3.58% |
Max Drawdown (1Y)Largest decline over 1 year | -53.79% | -47.69% | -6.10% |
Max Drawdown (3Y)Largest decline over 3 years | -59.47% | -70.66% | +11.19% |
Max Drawdown (5Y)Largest decline over 5 years | -81.99% | -85.57% | +3.58% |
Current DrawdownCurrent decline from peak | -41.66% | -38.08% | -3.58% |
Average DrawdownAverage peak-to-trough decline | -42.59% | -40.51% | -2.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 32.16% | 24.42% | +7.74% |
Volatility
MP vs. ASTS - Volatility Comparison
The current volatility for MP Materials Corp. (MP) is 23.98%, while AST SpaceMobile, Inc. (ASTS) has a volatility of 41.20%. This indicates that MP experiences smaller price fluctuations and is considered to be less risky than ASTS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MP | ASTS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 23.98% | 41.20% | -17.22% |
Volatility (6M)Calculated over the trailing 6-month period | 51.77% | 85.03% | -33.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 93.56% | 105.98% | -12.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 69.63% | 109.52% | -39.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 72.65% | 111.00% | -38.35% |
Dividends
MP vs. ASTS - Dividend Comparison
Neither MP nor ASTS has paid dividends to shareholders.
Financials
MP vs. ASTS - Financials Comparison
This section allows you to compare key financial metrics between MP Materials Corp. and AST SpaceMobile, Inc.. 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
MP and ASTS have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ASTS has higher volatility (41.20%) compared to MP (23.98%). In terms of maximum drawdown, MP dropped -81.99% vs ASTS's -85.57%.
ASTS currently has the higher Sharpe Ratio (1.17 vs 1.05), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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