SSRM vs. MP
SSRM (SSR Mining Inc.) and MP (MP Materials Corp.) are both stocks. Both are in the Basic Materials sector — SSRM in Gold, MP in Other Industrial Metals & Mining. Over the past 5 years, SSRM returned 9.68%/yr vs 11.32%/yr for MP. At a 0.23 correlation, their price movements are largely independent.
Performance
SSRM vs. MP - Performance Comparison
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Returns By Period
In the year-to-date period, SSRM achieves a 21.40% return, which is significantly higher than MP's 13.97% return.
SSRM
- 1D
- -0.45%
- 1M
- -22.19%
- YTD
- 21.40%
- 6M
- 26.71%
- 1Y
- 108.87%
- 3Y*
- 23.58%
- 5Y*
- 9.68%
- 10Y*
- 9.56%
MP
- 1D
- -2.70%
- 1M
- -14.61%
- YTD
- 13.97%
- 6M
- -5.92%
- 1Y
- 124.05%
- 3Y*
- 38.10%
- 5Y*
- 11.32%
- 10Y*
- —
SSRM vs. MP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SSRM SSR Mining Inc. | 21.40% | 214.94% | -35.32% | -29.94% | -10.02% | -10.90% | 0.65% |
MP MP Materials Corp. | 13.97% | 223.85% | -21.41% | -18.25% | -46.54% | 41.19% | 221.70% |
Correlation
The correlation between SSRM and MP is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Jun 23, 2020 | 0.23 |
Fundamentals
SSRM:
$3.27
MP:
-$0.53
SSRM:
3.04
MP:
25.37
SSRM:
$1.90B
MP:
$305.30M
SSRM:
$643.76M
MP:
$25.30M
SSRM:
$835.27M
MP:
$1.52M
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Return for Risk
SSRM vs. MP — Risk / Return Rank
SSRM
MP
SSRM vs. MP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SSR Mining Inc. (SSRM) and MP Materials Corp. (MP). 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.
| SSRM | MP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.33 | ||
| Sortino ratioReturn per unit of downside risk | -0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.27 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.55 | 2.32 | +1.23 |
| Martin ratioReturn relative to average drawdown | 9.43 | 3.93 | +5.50 |
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
| SSRM | MP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.66 | 1.33 | +0.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.17 | 0.16 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.18 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.10 | 0.47 | -0.37 |
Drawdowns
SSRM vs. MP - Drawdown Comparison
The maximum SSRM drawdown since its inception was -91.68%, which is greater than MP's maximum drawdown of -81.99%. Use the drawdown chart below to compare losses from any high point for SSRM and MP.
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Drawdown Indicators
| SSRM | MP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.68% | -81.99% | -9.69% |
Max Drawdown (1Y)Largest decline over 1 year | -30.88% | -53.79% | +22.91% |
Max Drawdown (3Y)Largest decline over 3 years | -73.41% | -59.47% | -13.94% |
Max Drawdown (5Y)Largest decline over 5 years | -83.16% | -81.99% | -1.17% |
Max Drawdown (10Y)Largest decline over 10 years | -83.16% | — | — |
Current DrawdownCurrent decline from peak | -38.87% | -41.63% | +2.76% |
Average DrawdownAverage peak-to-trough decline | -57.17% | -42.62% | -14.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.59% | 31.68% | -20.09% |
Volatility
SSRM vs. MP - Volatility Comparison
The current volatility for SSR Mining Inc. (SSRM) is 18.01%, while MP Materials Corp. (MP) has a volatility of 22.35%. This indicates that SSRM experiences smaller price fluctuations and is considered to be less risky than MP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SSRM | MP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.01% | 22.35% | -4.34% |
Volatility (6M)Calculated over the trailing 6-month period | 53.47% | 51.12% | +2.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 66.17% | 93.82% | -27.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.82% | 69.62% | -13.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 52.90% | 72.68% | -19.78% |
Dividends
SSRM vs. MP - Dividend Comparison
Neither SSRM nor MP has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
MP MP Materials Corp. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SSRM SSR Mining Inc. | 0.00% | 0.00% | 0.00% | 2.60% | 1.79% | 1.13% |
Financials
SSRM vs. MP - Financials Comparison
This section allows you to compare key financial metrics between SSR Mining Inc. and MP Materials Corp.. 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
SSRM vs. MP - Profitability Comparison
SSRM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, SSR Mining Inc. reported a gross profit of 0.00 and revenue of 581.78M. Therefore, the gross margin over that period was 0.0%.
MP - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, MP Materials Corp. reported a gross profit of 0.00 and revenue of 90.65M. Therefore, the gross margin over that period was 0.0%.
SSRM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, SSR Mining Inc. reported an operating income of 300.38M and revenue of 581.78M, resulting in an operating margin of 51.6%.
MP - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, MP Materials Corp. reported an operating income of 0.00 and revenue of 90.65M, resulting in an operating margin of 0.0%.
SSRM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, SSR Mining Inc. reported a net income of 369.74M and revenue of 581.78M, resulting in a net margin of 63.6%.
MP - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, MP Materials Corp. reported a net income of -7.97M and revenue of 90.65M, resulting in a net margin of -8.8%.
Frequently Asked Questions
SSRM and MP have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MP has higher volatility (22.35%) compared to SSRM (18.01%). In terms of maximum drawdown, SSRM dropped -91.68% vs MP's -81.99%.
SSRM currently has the higher Sharpe Ratio (1.66 vs 1.33), 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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