RIO vs. VALE

Last updated Apr 1, 2026

Compare and contrast key facts about Rio Tinto Group (RIO) and Vale S.A. (VALE).

Performance

RIO vs. VALE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Rio Tinto Group (RIO) and Vale S.A. (VALE). The values are adjusted to include any dividend payments, if applicable.

RIO vs. VALE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RIO Rio Tinto Group	19.83%	44.47%	-15.36%	11.06%	18.48%	-3.67%	36.22%	33.18%	-2.93%	44.87%
VALE Vale S.A.	22.10%	60.70%	-38.83%	1.57%	32.54%	-1.45%	32.40%	2.72%	12.25%	68.03%

Fundamentals

Market Cap RIO : $152.85B VALE : $67.92B
EPS RIO : $13.11 VALE : $0.54
PE Ratio RIO : 7.11 VALE : 29.65
PS Ratio RIO : 1.37 VALE : 1.77
PB Ratio RIO : 2.46 VALE : 2.02
Total Revenue (TTM) RIO : $111.41B VALE : $38.39B
Gross Profit (TTM) RIO : $31.10B VALE : $13.26B
EBITDA (TTM) RIO : $40.42B VALE : $13.88B

Returns By Period

In the year-to-date period, RIO achieves a 19.83% return, which is significantly lower than VALE's 22.10% return. Over the past 10 years, RIO has underperformed VALE with an annualized return of 20.69%, while VALE has yielded a comparatively higher 21.95% annualized return.

RIO

• 1D: 5.03%
• 1M: -3.46%
• YTD: 19.83%
• 6M: 45.28%
• 1Y: 63.49%
• 3Y*: 17.83%
• 5Y*: 11.59%
• 10Y*: 20.69%

VALE

• 1D: 5.36%
• 1M: -7.39%
• YTD: 22.10%
• 6M: 49.12%
• 1Y: 67.78%
• 3Y*: 8.64%
• 5Y*: 8.31%
• 10Y*: 21.95%

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

Return for Risk

RIO vs. VALE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

RIO

RIO Risk / Return Rank: 91
RIO Sharpe Ratio Rank: 93
RIO Sortino Ratio Rank: 90
RIO Omega Ratio Rank: 89
RIO Calmar Ratio Rank: 91
RIO Martin Ratio Rank: 93

VALE

VALE Risk / Return Rank: 89
VALE Sharpe Ratio Rank: 91
VALE Sortino Ratio Rank: 88
VALE Omega Ratio Rank: 87
VALE Calmar Ratio Rank: 88
VALE Martin Ratio Rank: 91

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.

RIO vs. VALE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Rio Tinto Group (RIO) 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.

	RIO	VALE	Difference
Sharpe ratio Return per unit of total volatility	2.27	2.07	+0.20
Sortino ratio Return per unit of downside risk	2.85	2.61	+0.24
Omega ratio Gain probability vs. loss probability	1.38	1.35	+0.03
Calmar ratio Return relative to maximum drawdown	4.01	3.36	+0.65
Martin ratio Return relative to average drawdown	13.33	11.28	+2.05
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RIO vs. VALE - Sharpe Ratio Comparison

The current RIO Sharpe Ratio is 2.27, which is comparable to the VALE Sharpe Ratio of 2.07. The chart below compares the historical Sharpe Ratios of RIO and VALE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	RIO	VALE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.27	2.07	+0.20
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.40	0.23	+0.17
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.67	0.52	+0.15
Sharpe Ratio (All Time) Calculated using the full available price history	0.32	0.31	+0.01

Correlation

The correlation between RIO and VALE is 0.70, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

RIO vs. VALE - Dividend Comparison

RIO's dividend yield for the trailing twelve months is around 4.31%, more than VALE's 3.61% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RIO Rio Tinto Group	4.31%	4.66%	7.40%	5.40%	10.48%	10.23%	5.13%	7.68%	6.32%	4.47%	3.93%	7.58%
VALE Vale S.A.	3.61%	7.29%	11.41%	7.75%	8.63%	19.70%	2.72%	2.63%	4.16%	3.77%	1.06%	7.48%

Drawdowns

RIO vs. VALE - Drawdown Comparison

The maximum RIO drawdown since its inception was -88.97%, roughly equal to the maximum VALE drawdown of -92.78%. Use the drawdown chart below to compare losses from any high point for RIO and VALE.

Drawdown Indicators

	RIO	VALE	Difference
Max Drawdown Largest peak-to-trough decline	-88.97%	-92.78%	+3.81%
Max Drawdown (1Y) Largest decline over 1 year	-15.19%	-19.85%	+4.66%
Max Drawdown (5Y) Largest decline over 5 years	-36.97%	-49.79%	+12.82%
Max Drawdown (10Y) Largest decline over 10 years	-37.47%	-57.60%	+20.13%
Current Drawdown Current decline from peak	-4.84%	-9.24%	+4.40%
Average Drawdown Average peak-to-trough decline	-23.88%	-36.95%	+13.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.57%	5.92%	-1.35%

Volatility

RIO vs. VALE - Volatility Comparison

The current volatility for Rio Tinto Group (RIO) is 11.08%, while Vale S.A. (VALE) has a volatility of 13.54%. This indicates that RIO experiences smaller price fluctuations and is considered to be less risky than VALE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RIO	VALE	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.08%	13.54%	-2.46%
Volatility (6M) Calculated over the trailing 6-month period	20.84%	24.51%	-3.67%
Volatility (1Y) Calculated over the trailing 1-year period	28.18%	32.86%	-4.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.06%	35.65%	-6.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.93%	42.24%	-11.31%

Financials

RIO vs. VALE - Profitability Comparison

The chart below illustrates the profitability comparison between Rio Tinto Group and Vale S.A. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

RIO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Rio Tinto Group reported a gross profit of 8.15B and revenue of 30.65B. Therefore, the gross margin over that period was 26.6%.

VALE - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Vale S.A. reported a gross profit of 4.08B and revenue of 11.06B. Therefore, the gross margin over that period was 36.9%.

RIO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Rio Tinto Group reported an operating income of 8.15B and revenue of 30.65B, resulting in an operating margin of 26.6%.

VALE - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Vale S.A. reported an operating income of 2.91B and revenue of 11.06B, resulting in an operating margin of 26.3%.

RIO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Rio Tinto Group reported a net income of 5.42B and revenue of 30.65B, resulting in a net margin of 17.7%.

VALE - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Vale S.A. reported a net income of -3.90B and revenue of 11.06B, resulting in a net margin of -35.3%.