MSB vs. IAG

Last updated Apr 1, 2026

Compare and contrast key facts about Mesabi Trust (MSB) and IAMGOLD Corporation (IAG).

Performance

MSB vs. IAG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Mesabi Trust (MSB) and IAMGOLD Corporation (IAG). The values are adjusted to include any dividend payments, if applicable.

MSB vs. IAG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MSB Mesabi Trust	-17.59%	71.88%	47.05%	15.55%	-22.81%	3.66%	30.10%	12.34%	4.11%	155.25%
IAG IAMGOLD Corporation	14.13%	219.57%	103.95%	-1.94%	-17.57%	-14.71%	-1.61%	1.36%	-36.88%	51.43%

Fundamentals

Market Cap MSB : $413.28M IAG : $10.93B
EPS MSB : $1.31 IAG : $1.15
PE Ratio MSB : 24.01 IAG : 16.30
PEG Ratio MSB : 0.13 IAG : 0.09
PS Ratio MSB : 20.90 IAG : 3.81
PB Ratio MSB : 19.60 IAG : 2.61
Total Revenue (TTM) MSB : $19.77M IAG : $2.87B
Gross Profit (TTM) MSB : $16.20M IAG : $1.21B
EBITDA (TTM) MSB : $12.17M IAG : $1.51B

Returns By Period

In the year-to-date period, MSB achieves a -17.59% return, which is significantly lower than IAG's 14.13% return. Over the past 10 years, MSB has outperformed IAG with an annualized return of 30.43%, while IAG has yielded a comparatively lower 23.61% annualized return.

MSB

• 1D: -2.20%
• 1M: 3.72%
• YTD: -17.59%
• 6M: 9.51%
• 1Y: 20.64%
• 3Y*: 19.87%
• 5Y*: 10.74%
• 10Y*: 30.43%

IAG

• 1D: 7.54%
• 1M: -23.40%
• YTD: 14.13%
• 6M: 45.55%
• 1Y: 201.12%
• 3Y*: 90.79%
• 5Y*: 43.07%
• 10Y*: 23.61%

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

Return for Risk

MSB vs. IAG — Risk / Return Rank

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

MSB

MSB Risk / Return Rank: 57
MSB Sharpe Ratio Rank: 59
MSB Sortino Ratio Rank: 55
MSB Omega Ratio Rank: 53
MSB Calmar Ratio Rank: 60
MSB Martin Ratio Rank: 61

IAG

IAG Risk / Return Rank: 95
IAG Sharpe Ratio Rank: 97
IAG Sortino Ratio Rank: 93
IAG Omega Ratio Rank: 92
IAG Calmar Ratio Rank: 95
IAG 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.

MSB vs. IAG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Mesabi Trust (MSB) and IAMGOLD Corporation (IAG). 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.

	MSB	IAG	Difference
Sharpe ratio Return per unit of total volatility	0.45	3.23	-2.78
Sortino ratio Return per unit of downside risk	0.93	3.12	-2.19
Omega ratio Gain probability vs. loss probability	1.12	1.43	-0.31
Calmar ratio Return relative to maximum drawdown	0.77	5.76	-4.99
Martin ratio Return relative to average drawdown	1.93	17.44	-15.52
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MSB vs. IAG - Sharpe Ratio Comparison

The current MSB Sharpe Ratio is 0.45, which is lower than the IAG Sharpe Ratio of 3.23. The chart below compares the historical Sharpe Ratios of MSB and IAG, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	MSB	IAG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.45	3.23	-2.78
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.22	0.72	-0.50
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.62	0.40	+0.22
Sharpe Ratio (All Time) Calculated using the full available price history	0.33	0.12	+0.21

Correlation

The correlation between MSB and IAG is 0.18, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

MSB vs. IAG - Dividend Comparison

MSB's dividend yield for the trailing twelve months is around 4.06%, while IAG has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MSB Mesabi Trust	4.06%	18.09%	4.80%	1.71%	20.14%	10.83%	5.95%	14.27%	11.78%	5.92%	5.14%	15.04%
IAG IAMGOLD Corporation	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

MSB vs. IAG - Drawdown Comparison

The maximum MSB drawdown since its inception was -92.01%, roughly equal to the maximum IAG drawdown of -95.55%. Use the drawdown chart below to compare losses from any high point for MSB and IAG.

Drawdown Indicators

	MSB	IAG	Difference
Max Drawdown Largest peak-to-trough decline	-92.01%	-95.55%	+3.54%
Max Drawdown (1Y) Largest decline over 1 year	-28.19%	-34.60%	+6.41%
Max Drawdown (5Y) Largest decline over 5 years	-47.91%	-74.52%	+26.61%
Max Drawdown (10Y) Largest decline over 10 years	-66.48%	-86.46%	+19.98%
Current Drawdown Current decline from peak	-22.85%	-23.40%	+0.55%
Average Drawdown Average peak-to-trough decline	-26.72%	-56.44%	+29.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.30%	11.42%	-0.12%

Volatility

MSB vs. IAG - Volatility Comparison

The current volatility for Mesabi Trust (MSB) is 12.70%, while IAMGOLD Corporation (IAG) has a volatility of 20.42%. This indicates that MSB experiences smaller price fluctuations and is considered to be less risky than IAG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MSB	IAG	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.70%	20.42%	-7.72%
Volatility (6M) Calculated over the trailing 6-month period	37.11%	48.69%	-11.58%
Volatility (1Y) Calculated over the trailing 1-year period	46.45%	62.70%	-16.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	48.82%	59.89%	-11.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	49.13%	59.14%	-10.01%

Financials

MSB vs. IAG - Profitability Comparison

The chart below illustrates the profitability comparison between Mesabi Trust and IAMGOLD Corporation over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

MSB - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Mesabi Trust reported a gross profit of 2.77M and revenue of 3.59M. Therefore, the gross margin over that period was 77.1%.

IAG - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, IAMGOLD Corporation reported a gross profit of 595.72M and revenue of 1.10B. Therefore, the gross margin over that period was 53.9%.

MSB - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Mesabi Trust reported an operating income of 3.39M and revenue of 3.59M, resulting in an operating margin of 94.4%.

IAG - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, IAMGOLD Corporation reported an operating income of 576.53M and revenue of 1.10B, resulting in an operating margin of 52.2%.

MSB - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Mesabi Trust reported a net income of 2.77M and revenue of 3.59M, resulting in a net margin of 77.1%.

IAG - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, IAMGOLD Corporation reported a net income of 412.85M and revenue of 1.10B, resulting in a net margin of 37.4%.