TROX vs. ATI
TROX (Tronox Holdings plc) and ATI (Allegheny Technologies Incorporated) are both stocks. TROX operates in Chemicals (Basic Materials), while ATI operates in Metal Fabrication (Industrials). Over the past 10 years, TROX returned 7.48%/yr vs 30.06%/yr for ATI. At a 0.43 correlation, their price movements are largely independent.
Performance
TROX vs. ATI - Performance Comparison
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Returns By Period
In the year-to-date period, TROX achieves a 96.06% return, which is significantly higher than ATI's 56.80% return. Over the past 10 years, TROX has underperformed ATI with an annualized return of 7.48%, while ATI has yielded a comparatively higher 30.06% annualized return.
TROX
- 1D
- -5.28%
- 1M
- -18.84%
- YTD
- 96.06%
- 6M
- 107.50%
- 1Y
- 49.23%
- 3Y*
- -8.06%
- 5Y*
- -16.31%
- 10Y*
- 7.48%
ATI
- 1D
- 0.82%
- 1M
- 16.93%
- YTD
- 56.80%
- 6M
- 82.92%
- 1Y
- 119.65%
- 3Y*
- 66.79%
- 5Y*
- 49.79%
- 10Y*
- 30.06%
TROX vs. ATI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TROX Tronox Holdings plc | 96.06% | -55.57% | -26.44% | 7.44% | -41.10% | 67.29% | 32.51% | 49.45% | -61.63% | 100.74% |
ATI Allegheny Technologies Incorporated | 56.80% | 108.50% | 21.05% | 52.28% | 87.45% | -5.01% | -18.83% | -5.10% | -9.82% | 51.54% |
Correlation
The correlation between TROX and ATI is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Dec 2, 2010 | 0.43 |
The correlation between TROX and ATI shifts across timeframes, from 0.24 (1 year) to 0.45 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
TROX:
-$2.26
ATI:
$4.02
TROX:
0.44
ATI:
4.15
TROX:
$2.92B
ATI:
$4.59B
TROX:
$170.04M
ATI:
$1.04B
TROX:
$25.96M
ATI:
$773.10M
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Return for Risk
TROX vs. ATI — Risk / Return Rank
TROX
ATI
TROX vs. ATI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tronox Holdings plc (TROX) and Allegheny Technologies Incorporated (ATI). 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.
| TROX | ATI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.34 | ||
| Sortino ratioReturn per unit of downside risk | -1.79 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.48 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | 0.96 | 4.75 | -3.79 |
| Martin ratioReturn relative to average drawdown | 1.98 | 11.87 | -9.89 |
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
| TROX | ATI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.56 | 2.89 | -2.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.27 | 1.17 | -1.44 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.12 | 0.59 | -0.47 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.01 | 0.12 | -0.13 |
Drawdowns
TROX vs. ATI - Drawdown Comparison
The maximum TROX drawdown since its inception was -90.10%, roughly equal to the maximum ATI drawdown of -94.72%. Use the drawdown chart below to compare losses from any high point for TROX and ATI.
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Drawdown Indicators
| TROX | ATI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.10% | -94.72% | +4.62% |
Max Drawdown (1Y)Largest decline over 1 year | -51.47% | -25.31% | -26.16% |
Max Drawdown (3Y)Largest decline over 3 years | -84.48% | -38.02% | -46.46% |
Max Drawdown (5Y)Largest decline over 5 years | -86.87% | -43.08% | -43.79% |
Max Drawdown (10Y)Largest decline over 10 years | -86.87% | -82.43% | -4.44% |
Current DrawdownCurrent decline from peak | -62.72% | 0.00% | -62.72% |
Average DrawdownAverage peak-to-trough decline | -44.28% | -60.67% | +16.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.94% | 10.12% | +14.82% |
Volatility
TROX vs. ATI - Volatility Comparison
Tronox Holdings plc (TROX) has a higher volatility of 26.55% compared to Allegheny Technologies Incorporated (ATI) at 11.93%. This indicates that TROX's price experiences larger fluctuations and is considered to be riskier than ATI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TROX | ATI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 26.55% | 11.93% | +14.62% |
Volatility (6M)Calculated over the trailing 6-month period | 58.21% | 28.86% | +29.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 89.25% | 41.62% | +47.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.64% | 42.95% | +17.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 64.31% | 51.50% | +12.81% |
Dividends
TROX vs. ATI - Dividend Comparison
TROX's dividend yield for the trailing twelve months is around 2.48%, while ATI has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ATI Allegheny Technologies Incorporated | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.51% | 5.51% |
TROX Tronox Holdings plc | 2.48% | 8.39% | 4.97% | 3.53% | 3.65% | 1.50% | 1.92% | 1.58% | 2.31% | 0.88% | 3.73% | 25.58% |
Financials
TROX vs. ATI - Financials Comparison
This section allows you to compare key financial metrics between Tronox Holdings plc and Allegheny Technologies Incorporated. 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
TROX vs. ATI - Profitability Comparison
TROX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Tronox Holdings plc reported a gross profit of 44.00K and revenue of 760.00M. Therefore, the gross margin over that period was 0.0%.
ATI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Allegheny Technologies Incorporated reported a gross profit of 262.90M and revenue of 1.15B. Therefore, the gross margin over that period was 22.8%.
TROX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Tronox Holdings plc reported an operating income of -27.00M and revenue of 760.00M, resulting in an operating margin of -3.6%.
ATI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Allegheny Technologies Incorporated reported an operating income of 163.80M and revenue of 1.15B, resulting in an operating margin of 14.2%.
TROX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Tronox Holdings plc reported a net income of -103.00K and revenue of 760.00M, resulting in a net margin of -0.0%.
ATI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Allegheny Technologies Incorporated reported a net income of 118.20M and revenue of 1.15B, resulting in a net margin of 10.3%.
Frequently Asked Questions
TROX and ATI have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TROX has higher volatility (26.55%) compared to ATI (11.93%). In terms of maximum drawdown, TROX dropped -90.10% vs ATI's -94.72%.
ATI currently has the higher Sharpe Ratio (2.89 vs 0.56), 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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