SPG vs. RIO
SPG (Simon Property Group, Inc.) and RIO (Rio Tinto Group) are both stocks. SPG operates in REIT - Retail (Real Estate), while RIO operates in Other Industrial Metals & Mining (Basic Materials). Over the past 10 years, SPG returned 5.54%/yr vs 21.75%/yr for RIO. At a 0.27 correlation, their price movements are largely independent.
Performance
SPG vs. RIO - Performance Comparison
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Returns By Period
In the year-to-date period, SPG achieves a 13.30% return, which is significantly lower than RIO's 29.64% return. Over the past 10 years, SPG has underperformed RIO with an annualized return of 5.54%, while RIO has yielded a comparatively higher 21.75% annualized return.
SPG
- 1D
- -1.41%
- 1M
- 2.58%
- YTD
- 13.30%
- 6M
- 17.91%
- 1Y
- 34.28%
- 3Y*
- 29.24%
- 5Y*
- 14.82%
- 10Y*
- 5.54%
RIO
- 1D
- 0.24%
- 1M
- -4.22%
- YTD
- 29.64%
- 6M
- 42.09%
- 1Y
- 80.02%
- 3Y*
- 23.43%
- 5Y*
- 10.94%
- 10Y*
- 21.75%
SPG vs. RIO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPG Simon Property Group, Inc. | 13.30% | 12.94% | 26.92% | 29.24% | -21.91% | 95.72% | -38.64% | -6.74% | 2.55% | 0.98% |
RIO Rio Tinto Group | 29.64% | 44.47% | -15.36% | 11.06% | 18.48% | -3.67% | 36.22% | 33.18% | -2.93% | 44.87% |
Correlation
The correlation between SPG and RIO is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Dec 15, 1993 | 0.27 |
The correlation between SPG and RIO shifts across timeframes, from 0.17 (1 year) to 0.29 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
SPG:
$17.14
RIO:
$13.11
SPG:
12.10
RIO:
7.70
SPG:
7.64
RIO:
1.48
SPG:
$6.65B
RIO:
$111.41B
SPG:
$5.71B
RIO:
$31.10B
SPG:
$7.77B
RIO:
$40.42B
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Return for Risk
SPG vs. RIO — Risk / Return Rank
SPG
RIO
SPG vs. RIO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Simon Property Group, Inc. (SPG) and Rio Tinto Group (RIO). 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.
| SPG | RIO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.92 | ||
| Sortino ratioReturn per unit of downside risk | -0.63 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.43 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.98 | 5.30 | -2.31 |
| Martin ratioReturn relative to average drawdown | 10.74 | 20.21 | -9.47 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SPG | RIO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.87 | 2.79 | -0.92 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.56 | 0.38 | +0.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.15 | 0.71 | -0.56 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.33 | +0.06 |
Drawdowns
SPG vs. RIO - Drawdown Comparison
The maximum SPG drawdown since its inception was -77.00%, smaller than the maximum RIO drawdown of -88.97%. Use the drawdown chart below to compare losses from any high point for SPG and RIO.
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Drawdown Indicators
| SPG | RIO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.00% | -88.97% | +11.97% |
Max Drawdown (1Y)Largest decline over 1 year | -11.54% | -15.19% | +3.65% |
Max Drawdown (3Y)Largest decline over 3 years | -24.32% | -24.19% | -0.13% |
Max Drawdown (5Y)Largest decline over 5 years | -45.84% | -35.25% | -10.59% |
Max Drawdown (10Y)Largest decline over 10 years | -77.00% | -37.47% | -39.53% |
Current DrawdownCurrent decline from peak | -1.41% | -9.92% | +8.51% |
Average DrawdownAverage peak-to-trough decline | -13.84% | -23.77% | +9.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.20% | 3.97% | -0.77% |
Volatility
SPG vs. RIO - Volatility Comparison
The current volatility for Simon Property Group, Inc. (SPG) is 5.50%, while Rio Tinto Group (RIO) has a volatility of 11.37%. This indicates that SPG experiences smaller price fluctuations and is considered to be less risky than RIO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPG | RIO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.50% | 11.37% | -5.87% |
Volatility (6M)Calculated over the trailing 6-month period | 13.76% | 23.90% | -10.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.44% | 28.93% | -10.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.51% | 29.23% | -2.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.08% | 30.63% | +6.45% |
Dividends
SPG vs. RIO - Dividend Comparison
SPG's dividend yield for the trailing twelve months is around 4.17%, more than RIO's 3.98% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RIO Rio Tinto Group | 3.98% | 4.66% | 7.40% | 5.40% | 10.48% | 10.23% | 5.13% | 7.68% | 6.32% | 4.47% | 3.93% | 7.58% |
SPG Simon Property Group, Inc. | 4.17% | 4.62% | 4.70% | 5.22% | 5.87% | 3.66% | 7.04% | 5.57% | 4.70% | 4.16% | 3.66% | 3.11% |
Financials
SPG vs. RIO - Financials Comparison
This section allows you to compare key financial metrics between Simon Property Group, Inc. and Rio Tinto Group. 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
SPG vs. RIO - Profitability Comparison
SPG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Simon Property Group, Inc. reported a gross profit of 1.45B and revenue of 1.76B. Therefore, the gross margin over that period was 82.5%.
RIO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 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%.
SPG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Simon Property Group, Inc. reported an operating income of 762.16M and revenue of 1.76B, resulting in an operating margin of 43.4%.
RIO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Rio Tinto Group reported an operating income of 8.15B and revenue of 30.65B, resulting in an operating margin of 26.6%.
SPG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Simon Property Group, Inc. reported a net income of 1.48K and revenue of 1.76B, resulting in a net margin of 0.0%.
RIO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Rio Tinto Group reported a net income of 5.42B and revenue of 30.65B, resulting in a net margin of 17.7%.
Frequently Asked Questions
SPG and RIO have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RIO has higher volatility (11.37%) compared to SPG (5.50%). In terms of maximum drawdown, SPG dropped -77.00% vs RIO's -88.97%.
RIO currently has the higher Sharpe Ratio (2.79 vs 1.87), 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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