TX vs. VALE

Last updated Apr 2, 2026

Compare and contrast key facts about Ternium S.A. (TX) and Vale S.A. (VALE).

Performance

TX vs. VALE - Performance Comparison

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

TX vs. VALE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TX Ternium S.A.	6.68%	43.56%	-25.86%	49.94%	-24.80%	60.96%	32.18%	-14.86%	-11.86%	36.48%
VALE Vale S.A.	23.18%	60.70%	-38.83%	1.57%	32.54%	-1.45%	32.40%	2.72%	12.25%	68.03%

Fundamentals

Market Cap TX : $8.00B VALE : $68.51B
EPS TX : $2.17 VALE : $0.54
PE Ratio TX : 18.82 VALE : 29.91
PS Ratio TX : 0.51 VALE : 1.79
PB Ratio TX : 0.67 VALE : 2.04
Total Revenue (TTM) TX : $15.61B VALE : $38.39B
Gross Profit (TTM) TX : $2.35B VALE : $13.26B
EBITDA (TTM) TX : $1.62B VALE : $13.88B

Returns By Period

In the year-to-date period, TX achieves a 6.68% return, which is significantly lower than VALE's 23.18% return. Over the past 10 years, TX has underperformed VALE with an annualized return of 14.53%, while VALE has yielded a comparatively higher 22.06% annualized return.

TX

• 1D: 1.47%
• 1M: -6.13%
• YTD: 6.68%
• 6M: 18.14%
• 1Y: 44.17%
• 3Y*: 8.04%
• 5Y*: 8.93%
• 10Y*: 14.53%

VALE

• 1D: 0.88%
• 1M: -5.53%
• YTD: 23.18%
• 6M: 48.78%
• 1Y: 67.24%
• 3Y*: 8.95%
• 5Y*: 8.50%
• 10Y*: 22.06%

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

Return for Risk

TX vs. VALE — Risk / Return Rank

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

TX

TX Risk / Return Rank: 79
TX Sharpe Ratio Rank: 82
TX Sortino Ratio Rank: 77
TX Omega Ratio Rank: 75
TX Calmar Ratio Rank: 76
TX Martin Ratio Rank: 83

VALE

VALE Risk / Return Rank: 88
VALE Sharpe Ratio Rank: 91
VALE Sortino Ratio Rank: 87
VALE Omega Ratio Rank: 86
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.

TX vs. VALE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ternium S.A. (TX) 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.

	TX	VALE	Difference
Sharpe ratio Return per unit of total volatility	1.44	2.06	-0.62
Sortino ratio Return per unit of downside risk	1.97	2.60	-0.63
Omega ratio Gain probability vs. loss probability	1.25	1.35	-0.09
Calmar ratio Return relative to maximum drawdown	2.02	3.49	-1.47
Martin ratio Return relative to average drawdown	7.26	11.65	-4.39
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TX vs. VALE - Sharpe Ratio Comparison

The current TX Sharpe Ratio is 1.44, which is lower than the VALE Sharpe Ratio of 2.06. The chart below compares the historical Sharpe Ratios of TX 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

	TX	VALE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.44	2.06	-0.62
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.26	0.24	+0.02
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.38	0.52	-0.14
Sharpe Ratio (All Time) Calculated using the full available price history	0.15	0.31	-0.16

Correlation

The correlation between TX and VALE is 0.58, 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

TX vs. VALE - Dividend Comparison

TX's dividend yield for the trailing twelve months is around 6.63%, more than VALE's 3.58% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TX Ternium S.A.	6.63%	7.07%	10.66%	6.83%	8.84%	6.66%	0.00%	5.45%	4.06%	3.17%	3.73%	7.24%
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%

Drawdowns

TX vs. VALE - Drawdown Comparison

The maximum TX drawdown since its inception was -89.66%, roughly equal to the maximum VALE drawdown of -92.78%. Use the drawdown chart below to compare losses from any high point for TX and VALE.

Drawdown Indicators

	TX	VALE	Difference
Max Drawdown Largest peak-to-trough decline	-89.66%	-92.78%	+3.12%
Max Drawdown (1Y) Largest decline over 1 year	-21.26%	-19.85%	-1.41%
Max Drawdown (5Y) Largest decline over 5 years	-49.48%	-49.79%	+0.31%
Max Drawdown (10Y) Largest decline over 10 years	-74.94%	-57.60%	-17.34%
Current Drawdown Current decline from peak	-9.97%	-8.44%	-1.53%
Average Drawdown Average peak-to-trough decline	-31.52%	-36.95%	+5.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.91%	5.94%	-0.03%

Volatility

TX vs. VALE - Volatility Comparison

The current volatility for Ternium S.A. (TX) is 9.27%, while Vale S.A. (VALE) has a volatility of 12.08%. This indicates that TX 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

	TX	VALE	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.27%	12.08%	-2.81%
Volatility (6M) Calculated over the trailing 6-month period	19.87%	24.50%	-4.63%
Volatility (1Y) Calculated over the trailing 1-year period	30.87%	32.85%	-1.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.98%	35.64%	-0.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	38.06%	42.23%	-4.17%

Financials

TX vs. VALE - Profitability Comparison

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

TX - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Ternium S.A. reported a gross profit of 604.00M and revenue of 3.78B. Therefore, the gross margin over that period was 16.0%.

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%.

TX - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Ternium S.A. reported an operating income of 159.00M and revenue of 3.78B, resulting in an operating margin of 4.2%.

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%.

TX - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Ternium S.A. reported a net income of 122.00M and revenue of 3.78B, resulting in a net margin of 3.2%.

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%.