TROX vs. VALE
TROX (Tronox Holdings plc) and VALE (Vale S.A.) are both stocks. Both are in the Basic Materials sector — TROX in Chemicals, VALE in Other Industrial Metals & Mining. Over the past 10 years, TROX returned 7.48%/yr vs 21.28%/yr for VALE. At a 0.37 correlation, their price movements are largely independent.
Performance
TROX vs. VALE - 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 VALE's 23.25% return. Over the past 10 years, TROX has underperformed VALE with an annualized return of 7.48%, while VALE has yielded a comparatively higher 21.28% 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%
VALE
- 1D
- -4.52%
- 1M
- 1.39%
- YTD
- 23.25%
- 6M
- 22.91%
- 1Y
- 81.55%
- 3Y*
- 14.29%
- 5Y*
- 2.79%
- 10Y*
- 21.28%
TROX vs. VALE - 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% |
VALE Vale S.A. | 23.25% | 60.70% | -38.83% | 1.57% | 32.54% | -1.45% | 32.40% | 2.72% | 12.25% | 68.03% |
Correlation
The correlation between TROX and VALE is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Dec 2, 2010 | 0.37 |
Fundamentals
TROX:
$1.28B
VALE:
$68.65B
TROX:
-$2.26
VALE:
$0.65
TROX:
0.44
VALE:
1.74
TROX:
994.75
VALE:
1.87
TROX:
$2.92B
VALE:
$39.53B
TROX:
$170.04M
VALE:
$13.65B
TROX:
$25.96M
VALE:
$14.33B
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Return for Risk
TROX vs. VALE — Risk / Return Rank
TROX
VALE
TROX vs. VALE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tronox Holdings plc (TROX) 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.
| TROX | VALE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.04 | ||
| Sortino ratioReturn per unit of downside risk | -1.79 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.41 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 0.96 | 4.13 | -3.17 |
| Martin ratioReturn relative to average drawdown | 1.98 | 14.77 | -12.79 |
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 | VALE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.56 | 2.60 | -2.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.27 | 0.08 | -0.35 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.12 | 0.52 | -0.40 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.01 | 0.31 | -0.32 |
Drawdowns
TROX vs. VALE - Drawdown Comparison
The maximum TROX drawdown since its inception was -90.10%, roughly equal to the maximum VALE drawdown of -92.78%. Use the drawdown chart below to compare losses from any high point for TROX and VALE.
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Drawdown Indicators
| TROX | VALE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.10% | -92.78% | +2.68% |
Max Drawdown (1Y)Largest decline over 1 year | -51.47% | -19.85% | -31.62% |
Max Drawdown (3Y)Largest decline over 3 years | -84.48% | -41.94% | -42.54% |
Max Drawdown (5Y)Largest decline over 5 years | -86.87% | -49.79% | -37.08% |
Max Drawdown (10Y)Largest decline over 10 years | -86.87% | -57.60% | -29.27% |
Current DrawdownCurrent decline from peak | -62.72% | -9.88% | -52.84% |
Average DrawdownAverage peak-to-trough decline | -44.28% | -36.73% | -7.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.94% | 5.54% | +19.40% |
Volatility
TROX vs. VALE - Volatility Comparison
Tronox Holdings plc (TROX) has a higher volatility of 26.55% compared to Vale S.A. (VALE) at 9.10%. This indicates that TROX's price experiences larger fluctuations and is considered to be riskier than VALE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TROX | VALE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 26.55% | 9.10% | +17.45% |
Volatility (6M)Calculated over the trailing 6-month period | 58.21% | 26.50% | +31.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 89.25% | 31.56% | +57.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.64% | 35.41% | +25.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 64.31% | 41.00% | +23.31% |
Dividends
TROX vs. VALE - Dividend Comparison
TROX's dividend yield for the trailing twelve months is around 2.48%, less than VALE's 3.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
VALE Vale S.A. | 3.58% | 7.29% | 11.41% | 7.75% | 8.63% | 19.70% | 2.72% | 2.63% | 4.16% | 3.77% | 1.06% | 7.48% |
Financials
TROX vs. VALE - Financials Comparison
This section allows you to compare key financial metrics between Tronox Holdings plc and Vale S.A.. 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. VALE - 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%.
VALE - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Vale S.A. reported a gross profit of 3.06B and revenue of 9.26B. Therefore, the gross margin over that period was 33.0%.
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%.
VALE - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Vale S.A. reported an operating income of 2.67B and revenue of 9.26B, resulting in an operating margin of 28.8%.
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%.
VALE - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Vale S.A. reported a net income of 1.89B and revenue of 9.26B, resulting in a net margin of 20.5%.
Frequently Asked Questions
TROX and VALE have a correlation of 0.33, 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 VALE (9.10%). In terms of maximum drawdown, TROX dropped -90.10% vs VALE's -92.78%.
VALE currently has the higher Sharpe Ratio (2.60 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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