VALE vs. ET
VALE (Vale S.A.) and ET (Energy Transfer LP) are both stocks. VALE operates in Other Industrial Metals & Mining (Basic Materials), while ET operates in Oil & Gas Midstream (Energy). Over the past 10 years, VALE returned 21.27%/yr vs 12.68%/yr for ET. At a 0.31 correlation, their price movements are largely independent.
Performance
VALE vs. ET - Performance Comparison
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Returns By Period
In the year-to-date period, VALE achieves a 19.19% return, which is significantly higher than ET's 17.84% return. Over the past 10 years, VALE has outperformed ET with an annualized return of 21.27%, while ET has yielded a comparatively lower 12.68% annualized return.
VALE
- 1D
- -2.82%
- 1M
- -4.78%
- YTD
- 19.19%
- 6M
- 21.42%
- 1Y
- 74.80%
- 3Y*
- 11.00%
- 5Y*
- 2.98%
- 10Y*
- 21.27%
ET
- 1D
- -0.85%
- 1M
- -7.13%
- YTD
- 17.84%
- 6M
- 18.55%
- 1Y
- 12.66%
- 3Y*
- 22.86%
- 5Y*
- 21.38%
- 10Y*
- 12.68%
VALE vs. ET - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VALE Vale S.A. | 19.19% | 60.70% | -38.83% | 1.57% | 32.54% | -1.45% | 32.40% | 2.72% | 12.25% | 68.03% |
ET Energy Transfer LP | 17.84% | -9.37% | 53.87% | 27.87% | 55.74% | 42.96% | -44.92% | 5.88% | -17.74% | -4.66% |
Correlation
The correlation between VALE and ET is 0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Feb 3, 2006 | 0.31 |
Over the past year, the correlation between VALE and ET has dropped to 0.03 - well below their long-term average of 0.31, suggesting their price drivers have been diverging.
Fundamentals
VALE:
$66.39B
ET:
$64.83B
VALE:
$0.65
ET:
$1.36
VALE:
23.77
ET:
13.78
VALE:
1.68
ET:
0.74
VALE:
1.81
ET:
1.30
VALE:
$39.53B
ET:
$89.38B
VALE:
$13.65B
ET:
$20.48B
VALE:
$14.33B
ET:
$13.02B
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Return for Risk
VALE vs. ET — Risk / Return Rank
VALE
ET
VALE vs. ET - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vale S.A. (VALE) and Energy Transfer LP (ET). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| VALE | ET | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.59 | ||
| Sortino ratioReturn per unit of downside risk | +1.66 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.14 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 3.79 | 1.45 | +2.34 |
| Martin ratioReturn relative to average drawdown | 12.38 | 3.25 | +9.13 |
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Drawdowns
VALE vs. ET - Drawdown Comparison
The maximum VALE drawdown since its inception was -92.78%, which is greater than ET's maximum drawdown of -87.81%. Use the drawdown chart below to compare losses from any high point for VALE and ET.
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Drawdown Indicators
| VALE | ET | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.78% | -87.81% | -4.97% |
Max Drawdown (1Y)Largest decline over 1 year | -19.85% | -8.79% | -11.06% |
Max Drawdown (3Y)Largest decline over 3 years | -41.94% | -24.56% | -17.38% |
Max Drawdown (5Y)Largest decline over 5 years | -49.79% | -24.56% | -25.23% |
Max Drawdown (10Y)Largest decline over 10 years | -57.60% | -72.82% | +15.22% |
Current DrawdownCurrent decline from peak | -12.85% | -8.04% | -4.81% |
Average DrawdownAverage peak-to-trough decline | -36.68% | -25.71% | -10.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.07% | 3.90% | +2.17% |
Volatility
VALE vs. ET - Volatility Comparison
Vale S.A. (VALE) has a higher volatility of 9.59% compared to Energy Transfer LP (ET) at 4.80%. This indicates that VALE's price experiences larger fluctuations and is considered to be riskier than ET based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VALE | ET | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.59% | 4.80% | +4.79% |
Volatility (6M)Calculated over the trailing 6-month period | 26.31% | 12.07% | +14.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.02% | 16.10% | +15.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.48% | 24.72% | +10.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.84% | 34.99% | +5.85% |
Dividends
VALE vs. ET - Dividend Comparison
VALE's dividend yield for the trailing twelve months is around 3.70%, less than ET's 7.12% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ET Energy Transfer LP | 7.12% | 7.97% | 6.51% | 8.95% | 7.33% | 7.41% | 17.27% | 9.51% | 9.24% | 6.66% | 5.90% | 7.42% |
VALE Vale S.A. | 3.70% | 7.29% | 11.41% | 7.75% | 8.63% | 19.70% | 2.72% | 2.63% | 4.16% | 3.77% | 1.06% | 7.48% |
Financials
VALE vs. ET - Financials Comparison
This section allows you to compare key financial metrics between Vale S.A. and Energy Transfer LP. 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
VALE vs. ET - Profitability Comparison
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%.
ET - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Energy Transfer LP reported a gross profit of 6.62B and revenue of 27.77B. Therefore, the gross margin over that period was 23.9%.
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%.
ET - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Energy Transfer LP reported an operating income of 2.98B and revenue of 27.77B, resulting in an operating margin of 10.7%.
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%.
ET - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Energy Transfer LP reported a net income of 1.25B and revenue of 27.77B, resulting in a net margin of 4.5%.
Frequently Asked Questions
VALE and ET have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VALE has higher volatility (9.59%) compared to ET (4.80%). In terms of maximum drawdown, VALE dropped -92.78% vs ET's -87.81%.
VALE currently has the higher Sharpe Ratio (2.38 vs 0.79), 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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