MTRN vs. NEO.TO
MTRN (Materion Corporation) and NEO.TO (Neo Performance Materials Inc.) are both stocks. Both are in the Basic Materials sector — MTRN in Other Industrial Metals & Mining, NEO.TO in Specialty Chemicals. Over the past 5 years, MTRN returned 24.37%/yr vs 12.85%/yr for NEO.TO. At a 0.27 correlation, their price movements are largely independent.
Performance
MTRN vs. NEO.TO - Performance Comparison
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Different Trading Currencies
MTRN is traded in USD, while NEO.TO is traded in CAD. To make them comparable, the NEO.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, MTRN achieves a 81.69% return, which is significantly lower than NEO.TO's 102.57% return.
MTRN
- 1D
- 2.16%
- 1M
- 13.19%
- YTD
- 81.69%
- 6M
- 83.28%
- 1Y
- 183.57%
- 3Y*
- 28.16%
- 5Y*
- 24.37%
- 10Y*
- 25.24%
NEO.TO
- 1D
- 3.15%
- 1M
- 7.67%
- YTD
- 102.57%
- 6M
- 92.24%
- 1Y
- 189.76%
- 3Y*
- 61.67%
- 5Y*
- 12.85%
- 10Y*
- —
MTRN vs. NEO.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MTRN Materion Corporation | 81.69% | 26.43% | -23.67% | 49.41% | -4.25% | 45.18% | 8.08% | 33.09% | -6.74% | 2.75% |
NEO.TO Neo Performance Materials Inc. | 102.57% | 110.98% | 1.80% | -14.63% | -54.01% | 50.44% | 19.13% | -13.58% | -18.83% | 4.07% |
Correlation
The correlation between MTRN and NEO.TO is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Dec 11, 2017 | 0.27 |
Fundamentals
MTRN:
$4.74B
NEO.TO:
CA$1.33B
MTRN:
$3.65
NEO.TO:
-CA$0.24
MTRN:
2.47
NEO.TO:
2.66
MTRN:
4.95
NEO.TO:
3.48
MTRN:
$1.91B
NEO.TO:
CA$511.45M
MTRN:
$305.29M
NEO.TO:
CA$147.42M
MTRN:
$166.65M
NEO.TO:
CA$61.97M
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Return for Risk
MTRN vs. NEO.TO — Risk / Return Rank
MTRN
NEO.TO
MTRN vs. NEO.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Materion Corporation (MTRN) and Neo Performance Materials Inc. (NEO.TO). 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.
| MTRN | NEO.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.26 | ||
| Sortino ratioReturn per unit of downside risk | +1.15 | ||
| Omega ratioGain probability vs. loss probability | 1.58 | 1.41 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 8.91 | 6.01 | +2.91 |
| Martin ratioReturn relative to average drawdown | 27.70 | 12.18 | +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. | |||
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Sharpe Ratios by Period
| MTRN | NEO.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.26 | 3.00 | +1.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 0.24 | +0.36 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.63 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.13 | 0.19 | -0.06 |
Drawdowns
MTRN vs. NEO.TO - Drawdown Comparison
The maximum MTRN drawdown since its inception was -87.53%, which is greater than NEO.TO's maximum drawdown of -74.57%. Use the drawdown chart below to compare losses from any high point for MTRN and NEO.TO.
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Drawdown Indicators
| MTRN | NEO.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.53% | -74.57% | -12.96% |
Max Drawdown (1Y)Largest decline over 1 year | -20.73% | -31.80% | +11.07% |
Max Drawdown (3Y)Largest decline over 3 years | -47.84% | -38.53% | -9.31% |
Max Drawdown (5Y)Largest decline over 5 years | -47.84% | -74.57% | +26.73% |
Max Drawdown (10Y)Largest decline over 10 years | -61.99% | — | — |
Current DrawdownCurrent decline from peak | -1.95% | -11.20% | +9.25% |
Average DrawdownAverage peak-to-trough decline | -39.68% | -37.11% | -2.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.66% | 15.64% | -8.98% |
Volatility
MTRN vs. NEO.TO - Volatility Comparison
The current volatility for Materion Corporation (MTRN) is 11.86%, while Neo Performance Materials Inc. (NEO.TO) has a volatility of 24.31%. This indicates that MTRN experiences smaller price fluctuations and is considered to be less risky than NEO.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MTRN | NEO.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.86% | 24.31% | -12.45% |
Volatility (6M)Calculated over the trailing 6-month period | 32.38% | 44.14% | -11.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.43% | 63.84% | -20.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 41.17% | 54.06% | -12.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.13% | 53.11% | -12.98% |
Dividends
MTRN vs. NEO.TO - Dividend Comparison
MTRN's dividend yield for the trailing twelve months is around 0.25%, less than NEO.TO's 1.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MTRN Materion Corporation | 0.25% | 0.45% | 0.54% | 0.40% | 0.57% | 0.52% | 0.71% | 0.73% | 0.92% | 0.81% | 0.95% | 1.27% |
NEO.TO Neo Performance Materials Inc. | 1.25% | 2.57% | 5.01% | 5.24% | 4.17% | 1.97% | 2.90% | 3.20% | 2.47% | 0.00% | 0.00% | 0.00% |
Financials
MTRN vs. NEO.TO - Financials Comparison
This section allows you to compare key financial metrics between Materion Corporation and Neo Performance Materials 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
MTRN vs. NEO.TO - Profitability Comparison
MTRN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Materion Corporation reported a gross profit of 81.84M and revenue of 549.82M. Therefore, the gross margin over that period was 14.9%.
NEO.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Neo Performance Materials Inc. reported a gross profit of 47.82M and revenue of 152.42M. Therefore, the gross margin over that period was 31.4%.
MTRN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Materion Corporation reported an operating income of 28.18M and revenue of 549.82M, resulting in an operating margin of 5.1%.
NEO.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Neo Performance Materials Inc. reported an operating income of 26.12M and revenue of 152.42M, resulting in an operating margin of 17.1%.
MTRN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Materion Corporation reported a net income of 19.37M and revenue of 549.82M, resulting in a net margin of 3.5%.
NEO.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Neo Performance Materials Inc. reported a net income of -1.62M and revenue of 152.42M, resulting in a net margin of -1.1%.
Frequently Asked Questions
MTRN and NEO.TO have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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