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PPTA vs. QUAL
Performance
Return for Risk
Drawdowns
Volatility
Dividends

PPTA vs. QUAL

Last updated Jun 4, 2026

PPTA (Perpetua Resources Corp) is a stock, while QUAL (iShares MSCI USA Quality Factor ETF) is Large Cap Blend Equities fund tracking the MSCI USA Sector Neutral Quality Index. Over the past 5 years, PPTA returned 26.96%/yr vs 11.96%/yr for QUAL. At a 0.26 correlation, their price movements are largely independent.

Performance

PPTA vs. QUAL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Perpetua Resources Corp (PPTA) and iShares MSCI USA Quality Factor ETF (QUAL). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, PPTA achieves a 2.31% return, which is significantly lower than QUAL's 8.80% return.

PPTA

1D
-5.39%
1M
-7.95%
YTD
2.31%
6M
-0.04%
1Y
43.10%
3Y*
72.45%
5Y*
26.96%
10Y*
—

QUAL

1D
-0.07%
1M
4.62%
YTD
8.80%
6M
8.86%
1Y
21.68%
3Y*
19.66%
5Y*
11.96%
10Y*
14.27%
*Multi-year figures are annualized to reflect compound growth (CAGR)

PPTA vs. QUAL - Yearly Performance Comparison

2026 (YTD)20252024202320222021
PPTA
Perpetua Resources Corp		2.31%126.90%236.59%8.56%-38.53%-41.36%
QUAL
iShares MSCI USA Quality Factor ETF		8.80%12.65%22.29%30.88%-20.50%23.56%

Correlation

The correlation between PPTA and QUAL is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.31

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

0.27

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

0.25

Correlation (All Time)
Calculated using the full available price history since Feb 19, 2021

0.26

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Perpetua Resources Corp

iShares MSCI USA Quality Factor ETF

Often compared with PPTA:
PPTA vs. UAMYPPTA vs. NVDAPPTA vs. HLPPTA vs. IONRPPTA vs. AEMPPTA vs. GDEPPTA vs. GLD
Often compared with QUAL:
QUAL vs. SPHQQUAL vs. SPYQUAL vs. MTUMQUAL vs. USMVQUAL vs. VOOQUAL vs. IVVQUAL vs. SCHD

Return for Risk

PPTA vs. QUAL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
PPTA
PPTA Risk / Return Rank: 6161
Overall Rank
PPTA Sharpe Ratio Rank: 6060
Sharpe Ratio Rank
PPTA Sortino Ratio Rank: 5959
Sortino Ratio Rank
PPTA Omega Ratio Rank: 5858
Omega Ratio Rank
PPTA Calmar Ratio Rank: 6565
Calmar Ratio Rank
PPTA Martin Ratio Rank: 6363
Martin Ratio Rank
QUAL
QUAL Risk / Return Rank: 5353
Overall Rank
QUAL Sharpe Ratio Rank: 5353
Sharpe Ratio Rank
QUAL Sortino Ratio Rank: 5353
Sortino Ratio Rank
QUAL Omega Ratio Rank: 5151
Omega Ratio Rank
QUAL Calmar Ratio Rank: 4848
Calmar Ratio Rank
QUAL Martin Ratio Rank: 6060
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.

PPTA vs. QUAL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Perpetua Resources Corp (PPTA) and iShares MSCI USA Quality Factor ETF (QUAL). 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.

PPTAQUALDifference
Sharpe ratioReturn per unit of total volatility
0.58
1.84

-1.26

Sortino ratioReturn per unit of downside risk
1.23
2.62

-1.40

Omega ratioGain probability vs. loss probability

1.16

1.32

-0.17

Calmar ratioReturn relative to maximum drawdown

1.28

2.41

-1.13

Martin ratioReturn relative to average drawdown

2.63

11.00

-8.37

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PPTA vs. QUAL - Sharpe Ratio Comparison

The current PPTA Sharpe Ratio is 0.58, which is lower than the QUAL Sharpe Ratio of 1.84. The chart below compares the historical Sharpe Ratios of PPTA and QUAL, 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

PPTAQUALDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.58

1.84

-1.26

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.38

0.69

-0.32

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.79

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.33

0.80

-0.47

Drawdowns

PPTA vs. QUAL - Drawdown Comparison

The maximum PPTA drawdown since its inception was -81.78%, which is greater than QUAL's maximum drawdown of -34.06%. Use the drawdown chart below to compare losses from any high point for PPTA and QUAL.

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Drawdown Indicators

PPTAQUALDifference

Max Drawdown

Largest peak-to-trough decline

-81.78%

-34.06%

-47.72%

Max Drawdown (1Y)

Largest decline over 1 year

-33.80%

-9.03%

-24.77%

Max Drawdown (3Y)

Largest decline over 3 years

-42.42%

-18.00%

-24.42%

Max Drawdown (5Y)

Largest decline over 5 years

-81.78%

-28.23%

-53.55%

Max Drawdown (10Y)

Largest decline over 10 years

—

-34.06%

—

Current Drawdown

Current decline from peak

-33.45%

-0.16%

-33.29%

Average Drawdown

Average peak-to-trough decline

-38.73%

-4.11%

-34.62%

Ulcer Index

Depth and duration of drawdowns from previous peaks

16.44%

1.98%

+14.46%

Volatility

PPTA vs. QUAL - Volatility Comparison

Perpetua Resources Corp (PPTA) has a higher volatility of 25.17% compared to iShares MSCI USA Quality Factor ETF (QUAL) at 2.51%. This indicates that PPTA's price experiences larger fluctuations and is considered to be riskier than QUAL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

PPTAQUALDifference

Volatility (1M)

Calculated over the trailing 1-month period

25.17%

2.51%

+22.66%

Volatility (6M)

Calculated over the trailing 6-month period

54.97%

9.03%

+45.94%

Volatility (1Y)

Calculated over the trailing 1-year period

75.82%

11.83%

+63.99%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

71.83%

17.33%

+54.50%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

71.96%

18.10%

+53.86%

Dividends

PPTA vs. QUAL - Dividend Comparison

PPTA has not paid dividends to shareholders, while QUAL's dividend yield for the trailing twelve months is around 0.88%.

PositionTTM20252024202320222021202020192018201720162015
PPTA
Perpetua Resources Corp		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
QUAL
iShares MSCI USA Quality Factor ETF		0.88%0.94%1.02%1.23%1.59%1.20%1.39%1.60%2.00%1.76%1.96%1.63%

Frequently Asked Questions

PPTA and QUAL have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

PPTA has higher volatility (25.17%) compared to QUAL (2.51%). In terms of maximum drawdown, PPTA dropped -81.78% vs QUAL's -34.06%.

QUAL currently has the higher Sharpe Ratio (1.84 vs 0.58), 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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