MSB vs. RIO
MSB (Mesabi Trust) and RIO (Rio Tinto Group) are both stocks. Both are in the Basic Materials sector — MSB in Steel, RIO in Other Industrial Metals & Mining. Over the past 10 years, MSB returned 20.33%/yr vs 19.32%/yr for RIO. Their 0.28 correlation means their historical movements had little consistent relationship.
Performance
MSB vs. RIO - Performance Comparison
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Returns By Period
In the year-to-date period, MSB achieves a -41.82% return, which is significantly lower than RIO's 24.40% return. Both investments have delivered pretty close results over the past 10 years, with MSB having a 20.33% annualized return and RIO not far behind at 19.32%.
MSB
- 1D
- -4.31%
- 1M
- -13.88%
- 6M
- -32.40%
- YTD
- -41.82%
- 1Y
- -22.74%
- 3Y*
- 17.53%
- 5Y*
- 0.99%
- 10Y*
- 20.33%
- ALL TIME*
- 17.57%
RIO
- 1D
- -0.34%
- 1M
- 2.57%
- 6M
- 9.37%
- YTD
- 24.40%
- 1Y
- 70.95%
- 3Y*
- 21.12%
- 5Y*
- 10.17%
- 10Y*
- 19.32%
- ALL TIME*
- 11.96%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
MSB Mesabi Trust | $1.08M | $970.56K | $1.37M |
| $267.36M | $271.65M | $273.47M |
MSB vs. RIO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MSB Mesabi Trust | -41.82% | 71.88% | 47.05% | 15.55% | -22.81% | 3.66% | 30.10% | 12.34% | 4.11% | 155.25% |
RIO Rio Tinto Group | 24.40% | 44.47% | -15.36% | 11.06% | 18.48% | -3.67% | 36.22% | 33.18% | -2.93% | 44.87% |
Correlation
The correlation between MSB and RIO is 0.34, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.34 |
Correlation (3Y) Balances recent behavior with more history. | 0.29 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.33 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.36 |
Correlation (All Time) Calculated using the full available price history since Jun 28, 1990 | 0.28 |
Fundamentals
MSB:
$288.51M
RIO:
$157.38B
MSB:
$1.29
RIO:
$13.62
MSB:
16.98
RIO:
7.11
MSB:
12.79
RIO:
1.37
MSB:
$15.04M
RIO:
$115.63B
MSB:
$13.36M
RIO:
$30.71B
MSB:
$10.24M
RIO:
$41.85B
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Return for Risk
MSB vs. RIO — Risk / Return Rank
MSB
RIO
MSB vs. RIO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Mesabi Trust (MSB) and Rio Tinto Group (RIO). 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 | RIO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.92 | ||
| Sortino ratioReturn per unit of downside risk | -3.46 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.38 | -0.44 |
| Calmar ratioReturn relative to maximum drawdown | -0.50 | 3.42 | -3.92 |
| Martin ratioReturn relative to average drawdown | -1.01 | 10.06 | -11.07 |
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Drawdowns
MSB vs. RIO - Drawdown Comparison
The maximum MSB drawdown since its inception was -92.01%, roughly equal to the maximum RIO drawdown of -88.97%. Use the drawdown chart below to compare losses from any high point for MSB and RIO.
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Drawdown Indicators
| MSB | RIO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.01% | -88.97% | -3.04% |
Max Drawdown (1Y)Largest decline over 1 year | -45.80% | -20.74% | -25.06% |
Max Drawdown (3Y)Largest decline over 3 years | -45.80% | -24.19% | -21.61% |
Max Drawdown (5Y)Largest decline over 5 years | -45.89% | -35.25% | -10.64% |
Max Drawdown (10Y)Largest decline over 10 years | -66.48% | -37.47% | -29.01% |
Current DrawdownCurrent decline from peak | -45.54% | -13.56% | -31.98% |
Average DrawdownAverage peak-to-trough decline | -26.78% | -23.73% | -3.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.45% | 7.04% | +15.41% |
Volatility
MSB vs. RIO - Volatility Comparison
Mesabi Trust (MSB) has a higher volatility of 11.02% compared to Rio Tinto Group (RIO) at 8.60%. This indicates that MSB's price experiences larger fluctuations and is considered to be riskier than RIO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MSB | RIO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.02% | 8.60% | +2.42% |
Volatility (6M)Calculated over the trailing 6-month period | 30.10% | 24.65% | +5.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.88% | 29.29% | +16.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.31% | 29.17% | +20.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 48.50% | 30.42% | +18.08% |
Dividends
MSB vs. RIO - Dividend Comparison
MSB's dividend yield for the trailing twelve months is around 4.05%, less than RIO's 4.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MSB Mesabi Trust | 4.05% | 18.09% | 4.80% | 1.71% | 20.14% | 10.83% | 5.95% | 14.27% | 11.78% | 5.92% | 5.14% | 15.04% |
RIO Rio Tinto Group | 4.15% | 4.66% | 7.40% | 5.40% | 10.48% | 10.23% | 5.13% | 7.68% | 6.32% | 4.47% | 3.93% | 7.58% |
Financials
MSB vs. RIO - Financials Comparison
This section allows you to compare key financial metrics between Mesabi Trust and Rio Tinto Group. 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. RIO - 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%.
RIO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Rio Tinto Group reported a gross profit of 8.70B and revenue of 31.02B. Therefore, the gross margin over that period was 28.0%.
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%.
RIO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Rio Tinto Group reported an operating income of 8.70B and revenue of 31.02B, resulting in an operating margin of 28.0%.
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%.
RIO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Rio Tinto Group reported a net income of 6.66B and revenue of 31.02B, resulting in a net margin of 21.5%.
Frequently Asked Questions
MSB and RIO have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSB has higher volatility (11.02%) compared to RIO (8.60%). In terms of maximum drawdown, MSB dropped -92.01% vs RIO's -88.97%.
RIO currently has the higher Sharpe Ratio (2.42 vs -0.50), 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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