MP vs. QXO
MP (MP Materials Corp.) and QXO (QXO, Inc) are both stocks. MP operates in Other Industrial Metals & Mining (Basic Materials), while QXO operates in Software - Application (Technology). Over the past 5 years, MP returned 11.32%/yr vs -19.91%/yr for QXO. At a 0.19 correlation, their price movements are largely independent.
Performance
MP vs. QXO - Performance Comparison
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Returns By Period
In the year-to-date period, MP achieves a 13.97% return, which is significantly higher than QXO's -19.44% return.
MP
- 1D
- -2.70%
- 1M
- -14.61%
- YTD
- 13.97%
- 6M
- -5.92%
- 1Y
- 124.05%
- 3Y*
- 38.10%
- 5Y*
- 11.32%
- 10Y*
- —
QXO
- 1D
- -1.40%
- 1M
- -17.16%
- YTD
- -19.44%
- 6M
- -26.94%
- 1Y
- -18.21%
- 3Y*
- -7.59%
- 5Y*
- -19.91%
- 10Y*
- 7.76%
MP vs. QXO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
MP MP Materials Corp. | 13.97% | 223.85% | -21.41% | -18.25% | -46.54% | 41.19% | 221.70% |
QXO QXO, Inc | -19.44% | 21.32% | -86.06% | 508.46% | -33.78% | 63.72% | 33.41% |
Correlation
The correlation between MP and QXO is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Jun 23, 2020 | 0.19 |
The correlation between MP and QXO shifts across timeframes, from 0.15 (3 years) to 0.26 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
MP:
-$0.53
QXO:
-$1.03
MP:
25.37
QXO:
0.91
MP:
$305.30M
QXO:
$8.56B
MP:
$25.30M
QXO:
$1.98B
MP:
$1.52M
QXO:
-$152.95M
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Return for Risk
MP vs. QXO — Risk / Return Rank
MP
QXO
MP vs. QXO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MP Materials Corp. (MP) and QXO, Inc (QXO). 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.
| MP | QXO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.64 | ||
| Sortino ratioReturn per unit of downside risk | +2.52 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 0.99 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 2.32 | -0.43 | +2.75 |
| Martin ratioReturn relative to average drawdown | 3.93 | -0.90 | +4.83 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MP | QXO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.33 | -0.31 | +1.64 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.16 | -0.14 | +0.30 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.06 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.05 | +0.42 |
Drawdowns
MP vs. QXO - Drawdown Comparison
The maximum MP drawdown since its inception was -81.99%, smaller than the maximum QXO drawdown of -95.44%. Use the drawdown chart below to compare losses from any high point for MP and QXO.
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Drawdown Indicators
| MP | QXO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.99% | -95.44% | +13.45% |
Max Drawdown (1Y)Largest decline over 1 year | -53.79% | -42.59% | -11.20% |
Max Drawdown (3Y)Largest decline over 3 years | -59.47% | -95.44% | +35.97% |
Max Drawdown (5Y)Largest decline over 5 years | -81.99% | -95.44% | +13.45% |
Max Drawdown (10Y)Largest decline over 10 years | — | -95.44% | — |
Current DrawdownCurrent decline from peak | -41.63% | -93.40% | +51.77% |
Average DrawdownAverage peak-to-trough decline | -42.62% | -56.37% | +13.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 31.68% | 20.33% | +11.35% |
Volatility
MP vs. QXO - Volatility Comparison
MP Materials Corp. (MP) has a higher volatility of 22.35% compared to QXO, Inc (QXO) at 14.68%. This indicates that MP's price experiences larger fluctuations and is considered to be riskier than QXO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MP | QXO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.35% | 14.68% | +7.67% |
Volatility (6M)Calculated over the trailing 6-month period | 51.12% | 46.00% | +5.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 93.82% | 58.69% | +35.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 69.62% | 145.36% | -75.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 72.68% | 123.58% | -50.90% |
Dividends
MP vs. QXO - Dividend Comparison
Neither MP nor QXO has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
MP MP Materials Corp. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QXO QXO, Inc | 0.00% | 0.00% | 164.53% | 1.17% | 0.00% | 13.42% | 31.47% | 1.15% | 0.00% | 1.89% | 2.00% |
Financials
MP vs. QXO - Financials Comparison
This section allows you to compare key financial metrics between MP Materials Corp. and QXO, 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. QXO - 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%.
QXO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, QXO, Inc reported a gross profit of 409.30M and revenue of 1.73B. Therefore, the gross margin over that period was 23.7%.
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%.
QXO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, QXO, Inc reported an operating income of -251.90M and revenue of 1.73B, resulting in an operating margin of -14.6%.
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%.
QXO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, QXO, Inc reported a net income of -227.10M and revenue of 1.73B, resulting in a net margin of -13.1%.
Frequently Asked Questions
MP and QXO have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MP has higher volatility (22.35%) compared to QXO (14.68%). In terms of maximum drawdown, MP dropped -81.99% vs QXO's -95.44%.
MP currently has the higher Sharpe Ratio (1.33 vs -0.31), 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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