MT vs. ARM

Last updated Jun 4, 2026

MT (ArcelorMittal) and ARM (Arm Holdings plc American Depositary Shares) are both stocks. MT operates in Steel (Basic Materials), while ARM operates in Semiconductors (Technology). Over the past year, MT returned 139.77% vs 219.79% for ARM. At a 0.30 correlation, their price movements are largely independent.

Performance

MT vs. ARM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ArcelorMittal (MT) and Arm Holdings plc American Depositary Shares (ARM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MT achieves a 57.41% return, which is significantly lower than ARM's 276.75% return.

MT

• 1D: -0.28%
• 1M: 29.20%
• YTD: 57.41%
• 6M: 66.74%
• 1Y: 139.77%
• 3Y*: 40.92%
• 5Y*: 18.42%
• 10Y*: 17.42%

ARM

• 1D: 2.26%
• 1M: 102.61%
• YTD: 276.75%
• 6M: 195.88%
• 1Y: 219.79%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MT vs. ARM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
MT ArcelorMittal	57.41%	100.13%	-16.92%	12.24%
ARM Arm Holdings plc American Depositary Shares	276.75%	-11.39%	64.16%	18.17%

Correlation

The correlation between MT and ARM is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.36
Correlation (All Time) Calculated using the full available price history since Sep 15, 2023	0.30

Fundamentals

Market Cap MT : $54.54B ARM : $439.83B
EPS MT : $3.82 ARM : $0.85
PE Ratio MT : 18.71 ARM : 486.43
PEG Ratio MT : 1.16 ARM : 16.69
PS Ratio MT : 0.88 ARM : 89.38
PB Ratio MT : 0.99 ARM : 53.08
Total Revenue (TTM) MT : $62.01B ARM : $4.92B
Gross Profit (TTM) MT : $34.15B ARM : $4.66B
EBITDA (TTM) MT : $5.81B ARM : $1.37B

Return for Risk

MT vs. ARM — Risk / Return Rank

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

MT

MT Risk / Return Rank: 93
MT Sharpe Ratio Rank: 96
MT Sortino Ratio Rank: 94
MT Omega Ratio Rank: 92
MT Calmar Ratio Rank: 91
MT Martin Ratio Rank: 94

ARM

ARM Risk / Return Rank: 92
ARM Sharpe Ratio Rank: 95
ARM Sortino Ratio Rank: 93
ARM Omega Ratio Rank: 92
ARM Calmar Ratio Rank: 92
ARM Martin Ratio Rank: 88

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.

MT vs. ARM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ArcelorMittal (MT) and Arm Holdings plc American Depositary Shares (ARM). 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.

	MT	ARM	Difference
Sharpe ratio Return per unit of total volatility	3.46	3.39	+0.07
Sortino ratio Return per unit of downside risk	3.96	3.81	+0.15
Omega ratio Gain probability vs. loss probability	1.50	1.48	+0.01
Calmar ratio Return relative to maximum drawdown	4.87	5.34	-0.46
Martin ratio Return relative to average drawdown	17.11	10.57	+6.54
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MT vs. ARM - Sharpe Ratio Comparison

The current MT Sharpe Ratio is 3.46, which is comparable to the ARM Sharpe Ratio of 3.39. The chart below compares the historical Sharpe Ratios of MT and ARM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	MT	ARM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.46	3.39	+0.07
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.47	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.39	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.04	1.32	-1.29

Drawdowns

MT vs. ARM - Drawdown Comparison

The maximum MT drawdown since its inception was -97.34%, which is greater than ARM's maximum drawdown of -53.97%. Use the drawdown chart below to compare losses from any high point for MT and ARM.

Drawdown Indicators

	MT	ARM	Difference
Max Drawdown Largest peak-to-trough decline	-97.34%	-53.97%	-43.37%
Max Drawdown (1Y) Largest decline over 1 year	-28.84%	-41.47%	+12.63%
Max Drawdown (3Y) Largest decline over 3 years	-30.83%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-45.99%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-81.10%	—	—
Current Drawdown Current decline from peak	-58.37%	0.00%	-58.37%
Average Drawdown Average peak-to-trough decline	-69.41%	-21.42%	-47.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.20%	20.88%	-12.68%

Volatility

MT vs. ARM - Volatility Comparison

The current volatility for ArcelorMittal (MT) is 15.43%, while Arm Holdings plc American Depositary Shares (ARM) has a volatility of 33.02%. This indicates that MT experiences smaller price fluctuations and is considered to be less risky than ARM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MT	ARM	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.43%	33.02%	-17.59%
Volatility (6M) Calculated over the trailing 6-month period	34.12%	53.31%	-19.19%
Volatility (1Y) Calculated over the trailing 1-year period	40.70%	65.24%	-24.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.66%	75.37%	-35.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	44.87%	75.37%	-30.50%

Dividends

MT vs. ARM - Dividend Comparison

MT's dividend yield for the trailing twelve months is around 0.81%, while ARM has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ARM Arm Holdings plc American Depositary Shares	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
MT ArcelorMittal	0.81%	1.21%	2.16%	1.55%	1.45%	0.94%	0.00%	1.14%	0.48%	0.00%	0.00%	4.03%

Financials

MT vs. ARM - Profitability Comparison

The chart below illustrates the profitability comparison between ArcelorMittal and Arm Holdings plc American Depositary Shares over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

MT - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, ArcelorMittal reported a gross profit of 15.46B and revenue of 15.46B. Therefore, the gross margin over that period was 100.0%.

ARM - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Arm Holdings plc American Depositary Shares reported a gross profit of 1.39B and revenue of 1.49B. Therefore, the gross margin over that period was 93.1%.

MT - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, ArcelorMittal reported an operating income of 753.00M and revenue of 15.46B, resulting in an operating margin of 4.9%.

ARM - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Arm Holdings plc American Depositary Shares reported an operating income of 440.00M and revenue of 1.49B, resulting in an operating margin of 29.5%.

MT - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, ArcelorMittal reported a net income of 575.00M and revenue of 15.46B, resulting in a net margin of 3.7%.

ARM - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Arm Holdings plc American Depositary Shares reported a net income of 313.00M and revenue of 1.49B, resulting in a net margin of 21.0%.

Frequently Asked Questions

Can I hold both MT and ARM in my portfolio?

MT and ARM have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MT or ARM?

ARM has higher volatility (33.02%) compared to MT (15.43%). In terms of maximum drawdown, MT dropped -97.34% vs ARM's -53.97%.

Which has better risk-adjusted returns?

MT currently has the higher Sharpe Ratio (3.46 vs 3.39), 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.