NEO.TO vs. VALE
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 23.07%/yr vs 2.16%/yr for VALE. At a 0.25 correlation, their price movements are largely independent.
Performance
NEO.TO vs. VALE - Performance Comparison
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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 153.08% return, which is significantly higher than VALE's 10.78% return.
NEO.TO
- 1D
- -1.41%
- 1M
- 11.46%
- 6M
- 106.50%
- YTD
- 153.08%
- 1Y
- 141.02%
- 3Y*
- 71.74%
- 5Y*
- 23.07%
- 10Y*
- —
- ALL TIME*
- 13.59%
VALE
- 1D
- -0.76%
- 1M
- -9.08%
- 6M
- -2.58%
- YTD
- 10.78%
- 1Y
- 55.02%
- 3Y*
- 10.37%
- 5Y*
- 2.16%
- 10Y*
- 18.85%
- ALL TIME*
- 12.33%
NEO.TO vs. VALE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NEO.TO Neo Performance Materials Inc. | 153.08% | 101.35% | 10.42% | -16.66% | -51.09% | 50.37% | 16.30% | -17.14% | -12.01% | 2.46% |
VALE Vale S.A. | 10.78% | 53.36% | -33.66% | -0.85% | 40.94% | -1.50% | 29.26% | -1.52% | 21.69% | 14.02% |
Correlation
The correlation between NEO.TO and VALE is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Dec 8, 2017 | 0.25 |
The correlation between NEO.TO and VALE shifts across timeframes, from 0.25 (all time) to 0.35 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
NEO.TO:
CA$1.64B
VALE:
$60.13B
NEO.TO:
-$0.24
VALE:
$0.65
NEO.TO:
2.31
VALE:
1.52
NEO.TO:
3.04
VALE:
1.65
NEO.TO:
$511.45M
VALE:
$39.53B
NEO.TO:
$147.42M
VALE:
$13.65B
NEO.TO:
$61.97M
VALE:
$14.33B
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Return for Risk
NEO.TO vs. VALE — Risk / Return Rank
NEO.TO
VALE
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.
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.
| NEO.TO | VALE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.41 | ||
| Sortino ratioReturn per unit of downside risk | +0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.29 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 4.32 | 2.81 | +1.51 |
| Martin ratioReturn relative to average drawdown | 8.91 | 7.65 | +1.26 |
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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 -89.88%. Use the drawdown chart below to compare losses from any high point for NEO.TO and VALE.
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Drawdown Indicators
| NEO.TO | VALE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.44% | -89.88% | +17.44% |
Max Drawdown (1Y)Largest decline over 1 year | -32.83% | -19.64% | -13.19% |
Max Drawdown (3Y)Largest decline over 3 years | -37.56% | -36.82% | -0.74% |
Max Drawdown (5Y)Largest decline over 5 years | -72.44% | -45.63% | -26.81% |
Max Drawdown (10Y)Largest decline over 10 years | — | -52.74% | — |
Current DrawdownCurrent decline from peak | -11.38% | -19.06% | +7.68% |
Average DrawdownAverage peak-to-trough decline | -34.50% | -33.82% | -0.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.88% | 7.21% | +8.67% |
Volatility
NEO.TO vs. VALE - Volatility Comparison
Neo Performance Materials Inc. (NEO.TO) has a higher volatility of 17.34% compared to Vale S.A. (VALE) at 8.92%. 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.
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Volatility by Period
| NEO.TO | VALE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.34% | 8.92% | +8.42% |
Volatility (6M)Calculated over the trailing 6-month period | 46.76% | 26.59% | +20.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 65.62% | 31.53% | +34.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 53.73% | 35.76% | +17.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 52.48% | 40.97% | +11.51% |
Dividends
NEO.TO vs. VALE - Dividend Comparison
NEO.TO's dividend yield for the trailing twelve months is around 1.02%, less than VALE's 4.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NEO.TO Neo Performance Materials Inc. | 1.02% | 2.57% | 5.01% | 5.24% | 4.17% | 1.97% | 2.90% | 3.20% | 2.47% | 0.00% | 0.00% | 0.00% |
VALE Vale S.A. | 4.08% | 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 - Financials Comparison
This section allows you to compare key financial metrics between Neo Performance Materials Inc. and Vale S.A.. 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
NEO.TO vs. VALE - Profitability Comparison
NEO.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 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 Jul 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 Jul 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 Jul 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 Jul 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 Jul 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
NEO.TO and VALE have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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