PPTA vs. IONR

Last updated Aug 1, 2026

PPTA (Perpetua Resources Corp) and IONR (ioneer Ltd American Depositary Shares) are both stocks. Both are in the Basic Materials sector — PPTA in Other Precious Metals & Mining, IONR in Other Industrial Metals & Mining. Over the past 3 years, PPTA returned 68.77%/yr vs -25.19%/yr for IONR. Their 0.22 correlation means their historical movements had little consistent relationship.

Performance

PPTA vs. IONR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Perpetua Resources Corp (PPTA) and ioneer Ltd American Depositary Shares (IONR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PPTA achieves a -23.96% return, which is significantly higher than IONR's -27.29% return.

PPTA

• 1D: -2.64%
• 1M: -13.69%
• 6M: -30.84%
• YTD: -23.96%
• 1Y: 21.44%
• 3Y*: 68.77%
• 5Y*: 26.47%
• 10Y*: —
• ALL TIME*: 18.66%

IONR

• 1D: 4.80%
• 1M: -20.68%
• 6M: -21.04%
• YTD: -27.29%
• 1Y: 19.52%
• 3Y*: -25.19%
• 5Y*: —
• 10Y*: —
• ALL TIME*: -31.93%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
IONR ioneer Ltd American Depositary Shares	$278.22K	$272.23K	$430.32K
PPTA Perpetua Resources Corp	$20.74M	$20.22M	$37.96M

PPTA vs. IONR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
PPTA Perpetua Resources Corp	-23.96%	126.90%	236.59%	8.56%	-9.60%
IONR ioneer Ltd American Depositary Shares	-27.29%	20.30%	-0.50%	-63.15%	-35.23%

Correlation

The correlation between PPTA and IONR is 0.37, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.37
Correlation (3Y) Balances recent behavior with more history.	0.22
Correlation (All Time) Calculated using the full available price history since Jun 30, 2022	0.22

The correlation between PPTA and IONR shifts across timeframes, from 0.22 (all time) to 0.37 (1 year), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap PPTA : $2.30B IONR : $218.64M
EPS PPTA : $1.18 IONR : -$0.20
PB Ratio PPTA : 1.99 IONR : 0.91
Total Revenue (TTM) PPTA : $0.00 IONR : $0.00
Gross Profit (TTM) PPTA : $0.00 IONR : -$588.85K
EBITDA (TTM) PPTA : $0.00 IONR : -$9.14M

Return for Risk

PPTA vs. IONR — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

PPTA

PPTA Risk / Return Rank: 56
PPTA Sharpe Ratio Rank: 56
PPTA Sortino Ratio Rank: 57
PPTA Omega Ratio Rank: 56
PPTA Calmar Ratio Rank: 55
PPTA Martin Ratio Rank: 56

IONR

IONR Risk / Return Rank: 57
IONR Sharpe Ratio Rank: 54
IONR Sortino Ratio Rank: 63
IONR Omega Ratio Rank: 60
IONR Calmar Ratio Rank: 55
IONR Martin Ratio Rank: 53

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

PPTA vs. IONR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Perpetua Resources Corp (PPTA) and ioneer Ltd American Depositary Shares (IONR). 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.

	PPTA	IONR	Difference
Sharpe ratio: Return per unit of total volatility	0.30	0.24	+0.06
Sortino ratio: Return per unit of downside risk	0.93	1.17	-0.24
Omega ratio: Gain probability vs. loss probability	1.11	1.14	-0.02
Calmar ratio: Return relative to maximum drawdown	0.40	0.39	+0.01
Martin ratio: Return relative to average drawdown	0.95	0.62	+0.34

PPTA vs. IONR - Sharpe Ratio Comparison

The current PPTA Sharpe Ratio is 0.30, which is comparable to the IONR Sharpe Ratio of 0.24. The chart below compares the historical Sharpe Ratios of PPTA and IONR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PPTA vs. IONR - Drawdown Comparison

The maximum PPTA drawdown since its inception was -81.78%, smaller than the maximum IONR drawdown of -87.76%. Use the drawdown chart below to compare losses from any high point for PPTA and IONR.

Drawdown Indicators

	PPTA	IONR	Difference
Max Drawdown Largest peak-to-trough decline	-81.78%	-87.76%	+5.98%
Max Drawdown (1Y) Largest decline over 1 year	-54.59%	-62.01%	+7.42%
Max Drawdown (3Y) Largest decline over 3 years	-54.59%	-71.44%	+16.85%
Max Drawdown (5Y) Largest decline over 5 years	-70.64%	—	—
Current Drawdown Current decline from peak	-50.54%	-82.98%	+32.44%
Average Drawdown Average peak-to-trough decline	-38.87%	-67.68%	+28.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	23.06%	39.40%	-16.34%

Volatility

PPTA vs. IONR - Volatility Comparison

Perpetua Resources Corp (PPTA) has a higher volatility of 19.61% compared to ioneer Ltd American Depositary Shares (IONR) at 12.84%. This indicates that PPTA's price experiences larger fluctuations and is considered to be riskier than IONR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PPTA	IONR	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.61%	12.84%	+6.77%
Volatility (6M) Calculated over the trailing 6-month period	55.24%	62.60%	-7.36%
Volatility (1Y) Calculated over the trailing 1-year period	73.59%	101.27%	-27.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	72.05%	82.53%	-10.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	72.06%	82.53%	-10.47%

Dividends

PPTA vs. IONR - Dividend Comparison

Neither PPTA nor IONR has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both PPTA and IONR in my portfolio?

PPTA and IONR have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PPTA or IONR?

PPTA has higher volatility (19.61%) compared to IONR (12.84%). In terms of maximum drawdown, PPTA dropped -81.78% vs IONR's -87.76%.

Which has better risk-adjusted returns?

PPTA currently has the higher Sharpe Ratio (0.30 vs 0.24), 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.