MP vs. NEO.TO
MP (MP Materials Corp.) and NEO.TO (Neo Performance Materials Inc.) are both stocks. Both are in the Basic Materials sector — MP in Other Industrial Metals & Mining, NEO.TO in Specialty Chemicals. Over the past 5 years, MP returned 12.44%/yr vs 13.77%/yr for NEO.TO. At a 0.33 correlation, their price movements are largely independent.
Performance
MP vs. NEO.TO - Performance Comparison
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Different Trading Currencies
MP is traded in USD, while NEO.TO is traded in CAD. To make them comparable, the NEO.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, MP achieves a 13.92% return, which is significantly lower than NEO.TO's 112.10% return.
MP
- 1D
- 0.65%
- 1M
- -6.07%
- YTD
- 13.92%
- 6M
- 1.57%
- 1Y
- 88.38%
- 3Y*
- 36.26%
- 5Y*
- 12.44%
- 10Y*
- —
NEO.TO
- 1D
- 4.49%
- 1M
- 1.02%
- YTD
- 112.10%
- 6M
- 106.36%
- 1Y
- 178.92%
- 3Y*
- 61.28%
- 5Y*
- 13.77%
- 10Y*
- —
MP vs. NEO.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
MP MP Materials Corp. | 13.92% | 223.85% | -21.41% | -18.25% | -46.54% | 41.19% | 224.95% |
NEO.TO Neo Performance Materials Inc. | 112.10% | 110.98% | 1.80% | -14.63% | -54.01% | 50.44% | 68.19% |
Correlation
The correlation between MP and NEO.TO is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Jun 22, 2020 | 0.33 |
The correlation between MP and NEO.TO shifts across timeframes, from 0.33 (all time) to 0.44 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
MP:
-$0.53
NEO.TO:
-$0.24
MP:
25.36
NEO.TO:
2.00
MP:
$305.30M
NEO.TO:
$511.45M
MP:
$25.30M
NEO.TO:
$147.42M
MP:
$1.52M
NEO.TO:
$61.97M
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Return for Risk
MP vs. NEO.TO — Risk / Return Rank
MP
NEO.TO
MP vs. NEO.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MP Materials Corp. (MP) and Neo Performance Materials Inc. (NEO.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.
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 | NEO.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.67 | ||
| Sortino ratioReturn per unit of downside risk | -0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.39 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.82 | 5.50 | -3.69 |
| Martin ratioReturn relative to average drawdown | 3.03 | 11.11 | -8.08 |
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Drawdowns
MP vs. NEO.TO - Drawdown Comparison
The maximum MP drawdown since its inception was -81.99%, which is greater than NEO.TO's maximum drawdown of -74.57%. Use the drawdown chart below to compare losses from any high point for MP and NEO.TO.
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Drawdown Indicators
| MP | NEO.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.99% | -74.57% | -7.42% |
Max Drawdown (1Y)Largest decline over 1 year | -53.79% | -31.80% | -21.99% |
Max Drawdown (3Y)Largest decline over 3 years | -59.47% | -38.53% | -20.94% |
Max Drawdown (5Y)Largest decline over 5 years | -81.99% | -74.57% | -7.42% |
Current DrawdownCurrent decline from peak | -41.66% | -7.03% | -34.63% |
Average DrawdownAverage peak-to-trough decline | -42.59% | -37.05% | -5.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 32.16% | 15.73% | +16.43% |
Volatility
MP vs. NEO.TO - Volatility Comparison
The current volatility for MP Materials Corp. (MP) is 23.98%, while Neo Performance Materials Inc. (NEO.TO) has a volatility of 25.91%. This indicates that MP experiences smaller price fluctuations and is considered to be less risky than NEO.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MP | NEO.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 23.98% | 25.91% | -1.93% |
Volatility (6M)Calculated over the trailing 6-month period | 51.77% | 45.15% | +6.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 93.56% | 64.39% | +29.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 69.63% | 54.25% | +15.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 72.65% | 53.18% | +19.47% |
Dividends
MP vs. NEO.TO - Dividend Comparison
MP has not paid dividends to shareholders, while NEO.TO's dividend yield for the trailing twelve months is around 1.19%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
MP MP Materials Corp. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NEO.TO Neo Performance Materials Inc. | 1.19% | 2.57% | 5.01% | 5.24% | 4.17% | 1.97% | 2.90% | 3.20% | 2.47% |
Financials
MP vs. NEO.TO - Financials Comparison
This section allows you to compare key financial metrics between MP Materials Corp. and Neo Performance Materials 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
MP vs. NEO.TO - Profitability Comparison
MP - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, MP Materials Corp. reported a gross profit of 0.00 and revenue of 90.65M. Therefore, the gross margin over that period was 0.0%.
NEO.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Neo Performance Materials Inc. reported a gross profit of 47.82M and revenue of 152.42M. Therefore, the gross margin over that period was 31.4%.
MP - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, MP Materials Corp. reported an operating income of 0.00 and revenue of 90.65M, resulting in an operating margin of 0.0%.
NEO.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Neo Performance Materials Inc. reported an operating income of 26.12M and revenue of 152.42M, resulting in an operating margin of 17.1%.
MP - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, MP Materials Corp. reported a net income of -7.97M and revenue of 90.65M, resulting in a net margin of -8.8%.
NEO.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Neo Performance Materials Inc. reported a net income of -1.62M and revenue of 152.42M, resulting in a net margin of -1.1%.
Frequently Asked Questions
MP and NEO.TO have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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