MSB vs. IAG
MSB (Mesabi Trust) and IAG (IAMGOLD Corporation) are both stocks. Both are in the Basic Materials sector — MSB in Steel, IAG in Gold. Over the past 10 years, MSB returned 19.73%/yr vs 10.29%/yr for IAG. Their 0.19 correlation means their historical movements had little consistent relationship.
Performance
MSB vs. IAG - Performance Comparison
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Returns By Period
In the year-to-date period, MSB achieves a -40.92% return, which is significantly lower than IAG's -10.55% return. Over the past 10 years, MSB has outperformed IAG with an annualized return of 19.73%, while IAG has yielded a comparatively lower 10.29% annualized return.
MSB
- 1D
- 1.55%
- 1M
- -12.55%
- 6M
- -33.93%
- YTD
- -40.92%
- 1Y
- -21.55%
- 3Y*
- 18.43%
- 5Y*
- 1.52%
- 10Y*
- 19.73%
- ALL TIME*
- 17.61%
IAG
- 1D
- 3.95%
- 1M
- -10.93%
- 6M
- -18.91%
- YTD
- -10.55%
- 1Y
- 115.01%
- 3Y*
- 81.18%
- 5Y*
- 40.86%
- 10Y*
- 10.29%
- ALL TIME*
- 5.50%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $75.98M | $70.92M | $88.87M | |
MSB Mesabi Trust | $1.10M | $961.64K | $1.39M |
MSB vs. IAG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MSB Mesabi Trust | -40.92% | 71.88% | 47.05% | 15.55% | -22.81% | 3.66% | 30.10% | 12.34% | 4.11% | 155.25% |
IAG IAMGOLD Corporation | -10.55% | 219.57% | 103.95% | -1.94% | -17.57% | -14.71% | -1.61% | 1.36% | -36.88% | 51.43% |
Correlation
The correlation between MSB and IAG is 0.28, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.28 |
Correlation (3Y) Balances recent behavior with more history. | 0.21 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.20 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.14 |
Correlation (All Time) Calculated using the full available price history since Jul 15, 2003 | 0.19 |
The correlation between MSB and IAG shifts across timeframes, from 0.14 (10 years) to 0.28 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
MSB:
$292.97M
IAG:
$8.53B
MSB:
$1.29
IAG:
$1.73
MSB:
17.25
IAG:
8.54
MSB:
0.15
IAG:
0.05
MSB:
12.99
IAG:
2.52
MSB:
$15.04M
IAG:
$3.42B
MSB:
$13.36M
IAG:
$1.64B
MSB:
$10.24M
IAG:
$1.97B
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Return for Risk
MSB vs. IAG — Risk / Return Rank
MSB
IAG
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.
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.
| MSB | IAG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.31 | ||
| Sortino ratioReturn per unit of downside risk | -2.73 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.30 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | -0.47 | 2.67 | -3.14 |
| Martin ratioReturn relative to average drawdown | -0.95 | 5.56 | -6.51 |
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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.
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Drawdown Indicators
| MSB | IAG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.01% | -95.55% | +3.54% |
Max Drawdown (1Y)Largest decline over 1 year | -45.80% | -43.30% | -2.50% |
Max Drawdown (3Y)Largest decline over 3 years | -45.80% | -43.30% | -2.50% |
Max Drawdown (5Y)Largest decline over 5 years | -45.89% | -73.69% | +27.80% |
Max Drawdown (10Y)Largest decline over 10 years | -66.48% | -86.46% | +19.98% |
Current DrawdownCurrent decline from peak | -44.69% | -39.97% | -4.72% |
Average DrawdownAverage peak-to-trough decline | -26.78% | -56.07% | +29.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.63% | 20.77% | +1.86% |
Volatility
MSB vs. IAG - Volatility Comparison
The current volatility for Mesabi Trust (MSB) is 11.25%, while IAMGOLD Corporation (IAG) has a volatility of 14.79%. 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.
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Volatility by Period
| MSB | IAG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.25% | 14.79% | -3.54% |
Volatility (6M)Calculated over the trailing 6-month period | 30.14% | 46.61% | -16.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.97% | 63.20% | -17.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.32% | 60.64% | -11.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 48.48% | 58.50% | -10.02% |
Dividends
MSB vs. IAG - Dividend Comparison
MSB's dividend yield for the trailing twelve months is around 3.99%, while IAG has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
MSB Mesabi Trust | 3.99% | 18.09% | 4.80% | 1.71% | 20.14% | 10.83% | 5.95% | 14.27% | 11.78% | 5.92% | 5.14% | 15.04% |
Financials
MSB vs. IAG - Financials Comparison
This section allows you to compare key financial metrics between Mesabi Trust and IAMGOLD Corporation. 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
MSB vs. IAG - Profitability Comparison
MSB - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Mesabi Trust reported a gross profit of 0.00 and revenue of 2.25M. Therefore, the gross margin over that period was 0.0%.
IAG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, IAMGOLD Corporation reported a gross profit of 570.70M and revenue of 1.03B. Therefore, the gross margin over that period was 55.4%.
MSB - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Mesabi Trust reported an operating income of 0.00 and revenue of 2.25M, resulting in an operating margin of 0.0%.
IAG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, IAMGOLD Corporation reported an operating income of 544.70M and revenue of 1.03B, resulting in an operating margin of 52.9%.
MSB - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Mesabi Trust reported a net income of 1.09M and revenue of 2.25M, resulting in a net margin of 48.4%.
IAG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, IAMGOLD Corporation reported a net income of 379.70M and revenue of 1.03B, resulting in a net margin of 36.9%.
Frequently Asked Questions
MSB and IAG have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IAG has higher volatility (14.79%) compared to MSB (11.25%). In terms of maximum drawdown, MSB dropped -92.01% vs IAG's -95.55%.
IAG currently has the higher Sharpe Ratio (1.83 vs -0.47), 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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