NEO.TO vs. VALE

Last updated Jun 4, 2026

NEO.TO (Neo Performance Materials Inc.) and VALE (Vale S.A.) are both stocks. Both are in the Basic Materials sector — NEO.TO in Specialty Chemicals, VALE in Other Industrial Metals & Mining. Over the past 5 years, NEO.TO returned 18.62%/yr vs 5.72%/yr for VALE. At a 0.25 correlation, their price movements are largely independent.

Performance

NEO.TO vs. VALE - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Neo Performance Materials Inc. (NEO.TO) and Vale S.A. (VALE). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

NEO.TO is traded in CAD, while VALE is traded in USD. To make them comparable, the VALE values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, NEO.TO achieves a 121.43% return, which is significantly higher than VALE's 24.82% return.

NEO.TO

• 1D: -3.95%
• 1M: 25.04%
• YTD: 121.43%
• 6M: 105.18%
• 1Y: 267.08%
• 3Y*: 67.10%
• 5Y*: 18.62%
• 10Y*: —

VALE

• 1D: -4.13%
• 1M: 3.41%
• YTD: 24.82%
• 6M: 22.43%
• 1Y: 83.89%
• 3Y*: 15.62%
• 5Y*: 5.72%
• 10Y*: 22.15%

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

NEO.TO vs. VALE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NEO.TO Neo Performance Materials Inc.	121.43%	101.35%	10.42%	-16.66%	-51.09%	50.37%	16.30%	-16.40%	-12.01%	1.70%
VALE Vale S.A.	24.82%	53.33%	-33.58%	-0.67%	41.99%	-2.34%	30.16%	-2.33%	21.77%	13.20%

Correlation

The correlation between NEO.TO and VALE is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.27
Correlation (3Y) Calculated over the trailing 3-year period	0.27
Correlation (5Y) Calculated over the trailing 5-year period	0.27
Correlation (All Time) Calculated using the full available price history since Dec 11, 2017	0.25

Fundamentals

Market Cap NEO.TO : CA$1.43B VALE : $68.65B
EPS NEO.TO : -CA$0.24 VALE : $0.65
PS Ratio NEO.TO : 2.86 VALE : 1.74
PB Ratio NEO.TO : 3.74 VALE : 1.87
Total Revenue (TTM) NEO.TO : CA$511.45M VALE : $39.53B
Gross Profit (TTM) NEO.TO : CA$147.42M VALE : $13.65B
EBITDA (TTM) NEO.TO : CA$61.97M VALE : $14.33B

Return for Risk

NEO.TO vs. VALE — Risk / Return Rank

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

NEO.TO

NEO.TO Risk / Return Rank: 95
NEO.TO Sharpe Ratio Rank: 98
NEO.TO Sortino Ratio Rank: 93
NEO.TO Omega Ratio Rank: 93
NEO.TO Calmar Ratio Rank: 96
NEO.TO Martin Ratio Rank: 94

VALE

VALE Risk / Return Rank: 90
VALE Sharpe Ratio Rank: 92
VALE Sortino Ratio Rank: 89
VALE Omega Ratio Rank: 88
VALE Calmar Ratio Rank: 88
VALE Martin Ratio Rank: 92

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.

NEO.TO vs. VALE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Neo Performance Materials Inc. (NEO.TO) and Vale S.A. (VALE). 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.

	NEO.TO	VALE	Difference
Sharpe ratio Return per unit of total volatility	4.22	2.78	+1.44
Sortino ratio Return per unit of downside risk	3.73	3.31	+0.42
Omega ratio Gain probability vs. loss probability	1.50	1.44	+0.06
Calmar ratio Return relative to maximum drawdown	8.19	4.31	+3.89
Martin ratio Return relative to average drawdown	17.10	15.87	+1.24
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NEO.TO vs. VALE - Sharpe Ratio Comparison

The current NEO.TO Sharpe Ratio is 4.22, which is higher than the VALE Sharpe Ratio of 2.78. The chart below compares the historical Sharpe Ratios of NEO.TO and VALE, 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

	NEO.TO	VALE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.22	2.78	+1.44
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.35	0.17	+0.18
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.57	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.23	0.18	+0.05

Drawdowns

NEO.TO vs. VALE - Drawdown Comparison

The maximum NEO.TO drawdown since its inception was -72.44%, smaller than the maximum VALE drawdown of -88.64%. Use the drawdown chart below to compare losses from any high point for NEO.TO and VALE.

Drawdown Indicators

	NEO.TO	VALE	Difference
Max Drawdown Largest peak-to-trough decline	-72.44%	-88.64%	+16.20%
Max Drawdown (1Y) Largest decline over 1 year	-32.83%	-19.59%	-13.24%
Max Drawdown (3Y) Largest decline over 3 years	-37.56%	-36.83%	-0.73%
Max Drawdown (5Y) Largest decline over 5 years	-72.44%	-45.39%	-27.05%
Max Drawdown (10Y) Largest decline over 10 years	—	-52.80%	—
Current Drawdown Current decline from peak	-3.95%	-8.30%	+4.35%
Average Drawdown Average peak-to-trough decline	-34.85%	-34.15%	-0.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.70%	5.31%	+10.39%

Volatility

NEO.TO vs. VALE - Volatility Comparison

Neo Performance Materials Inc. (NEO.TO) has a higher volatility of 23.09% compared to Vale S.A. (VALE) at 9.09%. This indicates that NEO.TO's price experiences larger fluctuations and is considered to be riskier than VALE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NEO.TO	VALE	Difference
Volatility (1M) Calculated over the trailing 1-month period	23.09%	9.09%	+14.00%
Volatility (6M) Calculated over the trailing 6-month period	43.40%	25.82%	+17.58%
Volatility (1Y) Calculated over the trailing 1-year period	63.72%	30.34%	+33.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	53.33%	33.13%	+20.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	52.32%	38.67%	+13.65%

Dividends

NEO.TO vs. VALE - Dividend Comparison

NEO.TO's dividend yield for the trailing twelve months is around 1.17%, less than VALE's 3.58% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NEO.TO Neo Performance Materials Inc.	1.17%	2.57%	5.01%	5.24%	4.17%	1.97%	2.90%	4.01%	2.47%	0.00%	0.00%	0.00%
VALE Vale S.A.	3.58%	7.29%	11.41%	7.75%	8.63%	19.70%	2.72%	2.63%	4.16%	3.77%	1.06%	7.48%

Financials

NEO.TO vs. VALE - Profitability Comparison

The chart below illustrates the profitability comparison between Neo Performance Materials Inc. and Vale S.A. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

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%.

VALE - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Vale S.A. reported a gross profit of 3.06B and revenue of 9.26B. Therefore, the gross margin over that period was 33.0%.

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%.

VALE - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Vale S.A. reported an operating income of 2.67B and revenue of 9.26B, resulting in an operating margin of 28.8%.

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%.

VALE - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Vale S.A. reported a net income of 1.89B and revenue of 9.26B, resulting in a net margin of 20.5%.

Frequently Asked Questions

Can I hold both NEO.TO and VALE in my portfolio?

NEO.TO and VALE have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.