USAR vs. HBM

Last updated Apr 2, 2026

Compare and contrast key facts about USA Rare Earth, Inc (USAR) and Hudbay Minerals Inc. (HBM).

Performance

USAR vs. HBM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in USA Rare Earth, Inc (USAR) and Hudbay Minerals Inc. (HBM). The values are adjusted to include any dividend payments, if applicable.

USAR vs. HBM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
USAR USA Rare Earth, Inc	24.37%	3.66%	11.13%	2.58%
HBM Hudbay Minerals Inc.	10.87%	145.46%	47.03%	6.78%

Fundamentals

EPS USAR : -$4.57 HBM : $1.43
PS Ratio USAR : 3.07 HBM : 3.95
Total Revenue (TTM) USAR : $314.13M HBM : $2.22B
Gross Profit (TTM) USAR : $254.80M HBM : $719.02M
EBITDA (TTM) USAR : -$50.51M HBM : $1.41B

Returns By Period

In the year-to-date period, USAR achieves a 24.37% return, which is significantly higher than HBM's 10.87% return.

USAR

• 1D: -2.21%
• 1M: -29.08%
• YTD: 24.37%
• 6M: -19.61%
• 1Y: 135.67%
• 3Y*: —
• 5Y*: —
• 10Y*: —

HBM

• 1D: 5.26%
• 1M: -17.70%
• YTD: 10.87%
• 6M: 43.18%
• 1Y: 185.98%
• 3Y*: 61.54%
• 5Y*: 25.04%
• 10Y*: 20.12%

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

Return for Risk

USAR vs. HBM — Risk / Return Rank

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

USAR

USAR Risk / Return Rank: 75
USAR Sharpe Ratio Rank: 74
USAR Sortino Ratio Rank: 82
USAR Omega Ratio Rank: 74
USAR Calmar Ratio Rank: 78
USAR Martin Ratio Rank: 70

HBM

HBM Risk / Return Rank: 95
HBM Sharpe Ratio Rank: 97
HBM Sortino Ratio Rank: 94
HBM Omega Ratio Rank: 93
HBM Calmar Ratio Rank: 94
HBM Martin Ratio Rank: 96

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.

USAR vs. HBM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for USA Rare Earth, Inc (USAR) and Hudbay Minerals Inc. (HBM). 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.

	USAR	HBM	Difference
Sharpe ratio Return per unit of total volatility	0.99	3.31	-2.32
Sortino ratio Return per unit of downside risk	2.25	3.40	-1.15
Omega ratio Gain probability vs. loss probability	1.24	1.46	-0.22
Calmar ratio Return relative to maximum drawdown	2.15	5.26	-3.10
Martin ratio Return relative to average drawdown	3.68	18.82	-15.15
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

USAR vs. HBM - Sharpe Ratio Comparison

The current USAR Sharpe Ratio is 0.99, which is lower than the HBM Sharpe Ratio of 3.31. The chart below compares the historical Sharpe Ratios of USAR and HBM, 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

	USAR	HBM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.99	3.31	-2.32
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.46	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.34	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.15	0.19	-0.04

Correlation

The correlation between USAR and HBM is 0.08, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

USAR vs. HBM - Dividend Comparison

USAR has not paid dividends to shareholders, while HBM's dividend yield for the trailing twelve months is around 0.06%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
USAR USA Rare Earth, Inc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
HBM Hudbay Minerals Inc.	0.06%	0.07%	0.17%	0.31%	0.32%	0.22%	0.21%	0.36%	0.38%	0.23%	0.35%	0.52%

Drawdowns

USAR vs. HBM - Drawdown Comparison

The maximum USAR drawdown since its inception was -69.23%, smaller than the maximum HBM drawdown of -92.21%. Use the drawdown chart below to compare losses from any high point for USAR and HBM.

Drawdown Indicators

	USAR	HBM	Difference
Max Drawdown Largest peak-to-trough decline	-69.23%	-92.21%	+22.98%
Max Drawdown (1Y) Largest decline over 1 year	-69.23%	-36.16%	-33.07%
Max Drawdown (5Y) Largest decline over 5 years	—	-65.47%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-86.34%	—
Current Drawdown Current decline from peak	-61.74%	-22.32%	-39.42%
Average Drawdown Average peak-to-trough decline	-17.24%	-52.92%	+35.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	40.57%	10.10%	+30.47%

Volatility

USAR vs. HBM - Volatility Comparison

USA Rare Earth, Inc (USAR) has a higher volatility of 24.76% compared to Hudbay Minerals Inc. (HBM) at 20.94%. This indicates that USAR's price experiences larger fluctuations and is considered to be riskier than HBM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	USAR	HBM	Difference
Volatility (1M) Calculated over the trailing 1-month period	24.76%	20.94%	+3.82%
Volatility (6M) Calculated over the trailing 6-month period	88.99%	42.64%	+46.35%
Volatility (1Y) Calculated over the trailing 1-year period	137.67%	56.55%	+81.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	103.98%	55.17%	+48.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	103.98%	59.46%	+44.52%

Financials