PPTA vs. IONR
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 87.68%/yr vs -23.83%/yr for IONR. At a 0.22 correlation, their price movements are largely independent.
Performance
PPTA vs. IONR - Performance Comparison
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Returns By Period
In the year-to-date period, PPTA achieves a -1.69% return, which is significantly higher than IONR's -19.79% return.
PPTA
- 1D
- -2.14%
- 1M
- -6.00%
- YTD
- -1.69%
- 6M
- -14.08%
- 1Y
- 83.22%
- 3Y*
- 87.68%
- 5Y*
- 22.81%
- 10Y*
- —
IONR
- 1D
- -0.26%
- 1M
- -8.55%
- YTD
- -19.79%
- 6M
- -13.09%
- 1Y
- 44.19%
- 3Y*
- -23.83%
- 5Y*
- —
- 10Y*
- —
PPTA vs. IONR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
PPTA Perpetua Resources Corp | -1.69% | 126.90% | 236.59% | 8.56% | -9.60% |
IONR ioneer Ltd American Depositary Shares | -19.79% | 20.30% | -0.50% | -63.15% | -35.23% |
Correlation
The correlation between PPTA and IONR is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 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 0.38 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
PPTA:
$2.22B
IONR:
$232.34M
PPTA:
$1.22
IONR:
-$0.38
PPTA:
2.58
IONR:
1.01
PPTA:
$0.00
IONR:
$0.00
PPTA:
$0.00
IONR:
-$588.85K
PPTA:
$0.00
IONR:
-$9.14M
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Return for Risk
PPTA vs. IONR — Risk / Return Rank
PPTA
IONR
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 ratioReturn per unit of total volatility | +0.71 | ||
| Sortino ratioReturn per unit of downside risk | +0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.16 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.96 | 0.72 | +1.25 |
| Martin ratioReturn relative to average drawdown | 5.01 | 1.24 | +3.77 |
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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.
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Drawdown Indicators
| PPTA | IONR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.78% | -87.76% | +5.98% |
Max Drawdown (1Y)Largest decline over 1 year | -42.61% | -62.01% | +19.40% |
Max Drawdown (3Y)Largest decline over 3 years | -42.61% | -74.64% | +32.03% |
Max Drawdown (5Y)Largest decline over 5 years | -80.53% | — | — |
Current DrawdownCurrent decline from peak | -36.06% | -81.22% | +45.16% |
Average DrawdownAverage peak-to-trough decline | -38.68% | -67.29% | +28.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.67% | 35.84% | -19.17% |
Volatility
PPTA vs. IONR - Volatility Comparison
The current volatility for Perpetua Resources Corp (PPTA) is 21.31%, while ioneer Ltd American Depositary Shares (IONR) has a volatility of 25.35%. This indicates that PPTA experiences smaller price fluctuations and is considered to be less risky than IONR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PPTA | IONR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.31% | 25.35% | -4.04% |
Volatility (6M)Calculated over the trailing 6-month period | 55.26% | 65.89% | -10.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 73.32% | 103.03% | -29.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 72.07% | 83.19% | -11.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 72.19% | 83.19% | -11.00% |
Dividends
PPTA vs. IONR - Dividend Comparison
Neither PPTA nor IONR has paid dividends to shareholders.
Financials
PPTA vs. IONR - Financials Comparison
This section allows you to compare key financial metrics between Perpetua Resources Corp and ioneer Ltd American Depositary Shares. 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
Frequently Asked Questions
PPTA and IONR have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IONR has higher volatility (25.35%) compared to PPTA (21.31%). In terms of maximum drawdown, PPTA dropped -81.78% vs IONR's -87.76%.
PPTA currently has the higher Sharpe Ratio (1.14 vs 0.43), 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.
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