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NEO.TO vs. XBM.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

NEO.TO vs. XBM.TO

Last updated Jun 4, 2026

NEO.TO (Neo Performance Materials Inc.) is a stock, while XBM.TO (iShares S&P/TSX Global Base Metals Index ETF) is Energy Equities fund tracking the Morningstar Can Natural Resource NR CAD. Over the past 5 years, NEO.TO returned 18.62%/yr vs 19.46%/yr for XBM.TO. At a 0.37 correlation, their price movements are largely independent.

Performance

NEO.TO vs. XBM.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Neo Performance Materials Inc. (NEO.TO) and iShares S&P/TSX Global Base Metals Index ETF (XBM.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, NEO.TO achieves a 121.43% return, which is significantly higher than XBM.TO's 37.13% 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*
—

XBM.TO

1D
-0.98%
1M
17.57%
YTD
37.13%
6M
44.82%
1Y
114.99%
3Y*
30.22%
5Y*
19.46%
10Y*
19.60%
*Multi-year figures are annualized to reflect compound growth (CAGR)

NEO.TO vs. XBM.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
XBM.TO
iShares S&P/TSX Global Base Metals Index ETF		37.13%50.69%5.96%2.84%3.69%32.04%31.54%9.93%-22.39%13.38%

Correlation

The correlation between NEO.TO and XBM.TO is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.46

Correlation (3Y)
Calculated over the trailing 3-year period

0.43

Correlation (5Y)
Calculated over the trailing 5-year period

0.45

Correlation (All Time)
Calculated using the full available price history since Dec 11, 2017

0.37

Compare stocks, funds, or ETFs

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Neo Performance Materials Inc.

iShares S&P/TSX Global Base Metals Index ETF

Often compared with NEO.TO:
NEO.TO vs. APLENEO.TO vs. LUNRNEO.TO vs. AC.TONEO.TO vs. VALENEO.TO vs. METCNEO.TO vs. APLDNEO.TO vs. TXG.TO
Often compared with XBM.TO:
XBM.TO vs. XMEXBM.TO vs. ZMT.TOXBM.TO vs. XEG.TOXBM.TO vs. XETM.TOXBM.TO vs. GDXXBM.TO vs. VDEXBM.TO vs. XMA.TO

Return for Risk

NEO.TO vs. XBM.TO — 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: 9595
Overall Rank
NEO.TO Sharpe Ratio Rank: 9898
Sharpe Ratio Rank
NEO.TO Sortino Ratio Rank: 9393
Sortino Ratio Rank
NEO.TO Omega Ratio Rank: 9393
Omega Ratio Rank
NEO.TO Calmar Ratio Rank: 9696
Calmar Ratio Rank
NEO.TO Martin Ratio Rank: 9494
Martin Ratio Rank
XBM.TO
XBM.TO Risk / Return Rank: 8585
Overall Rank
XBM.TO Sharpe Ratio Rank: 9292
Sharpe Ratio Rank
XBM.TO Sortino Ratio Rank: 8181
Sortino Ratio Rank
XBM.TO Omega Ratio Rank: 8080
Omega Ratio Rank
XBM.TO Calmar Ratio Rank: 8787
Calmar Ratio Rank
XBM.TO Martin Ratio Rank: 8787
Martin Ratio Rank
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. XBM.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Neo Performance Materials Inc. (NEO.TO) and iShares S&P/TSX Global Base Metals Index ETF (XBM.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.

NEO.TOXBM.TODifference
Sharpe ratioReturn per unit of total volatility
4.22
3.25

+0.98

Sortino ratioReturn per unit of downside risk
3.73
3.58

+0.15

Omega ratioGain probability vs. loss probability

1.50

1.48

+0.03

Calmar ratioReturn relative to maximum drawdown

8.19

4.84

+3.35

Martin ratioReturn relative to average drawdown

17.10

18.72

-1.62

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. XBM.TO - Sharpe Ratio Comparison

The current NEO.TO Sharpe Ratio is 4.22, which is higher than the XBM.TO Sharpe Ratio of 3.25. The chart below compares the historical Sharpe Ratios of NEO.TO and XBM.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

NEO.TOXBM.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

4.22

3.25

+0.98

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.35

0.59

-0.24

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.60

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.23

0.25

-0.02

Drawdowns

NEO.TO vs. XBM.TO - Drawdown Comparison

The maximum NEO.TO drawdown since its inception was -72.44%, which is greater than XBM.TO's maximum drawdown of -67.40%. Use the drawdown chart below to compare losses from any high point for NEO.TO and XBM.TO.

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Drawdown Indicators

NEO.TOXBM.TODifference

Max Drawdown

Largest peak-to-trough decline

-72.44%

-67.40%

-5.04%

Max Drawdown (1Y)

Largest decline over 1 year

-32.83%

-23.88%

-8.95%

Max Drawdown (3Y)

Largest decline over 3 years

-37.56%

-37.45%

-0.11%

Max Drawdown (5Y)

Largest decline over 5 years

-72.44%

-40.57%

-31.87%

Max Drawdown (10Y)

Largest decline over 10 years

—

-57.24%

—

Current Drawdown

Current decline from peak

-3.95%

-4.12%

+0.17%

Average Drawdown

Average peak-to-trough decline

-34.85%

-25.79%

-9.06%

Ulcer Index

Depth and duration of drawdowns from previous peaks

15.70%

6.17%

+9.53%

Volatility

NEO.TO vs. XBM.TO - Volatility Comparison

Neo Performance Materials Inc. (NEO.TO) has a higher volatility of 23.09% compared to iShares S&P/TSX Global Base Metals Index ETF (XBM.TO) at 13.10%. This indicates that NEO.TO's price experiences larger fluctuations and is considered to be riskier than XBM.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

NEO.TOXBM.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

23.09%

13.10%

+9.99%

Volatility (6M)

Calculated over the trailing 6-month period

43.40%

29.71%

+13.69%

Volatility (1Y)

Calculated over the trailing 1-year period

63.72%

35.64%

+28.08%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

53.33%

33.06%

+20.27%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

52.32%

32.65%

+19.67%

Dividends

NEO.TO vs. XBM.TO - Dividend Comparison

NEO.TO's dividend yield for the trailing twelve months is around 1.17%, more than XBM.TO's 0.63% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
XBM.TO
iShares S&P/TSX Global Base Metals Index ETF		0.63%0.86%1.25%2.09%4.83%3.01%1.81%3.71%3.43%1.63%2.42%5.70%

Frequently Asked Questions

NEO.TO and XBM.TO have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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