VALE vs. GLEN.L

Last updated Apr 1, 2026

Compare and contrast key facts about Vale S.A. (VALE) and Glencore plc (GLEN.L).

Performance

VALE vs. GLEN.L - Performance Comparison

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

VALE vs. GLEN.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VALE Vale S.A.	22.10%	60.70%	-38.83%	1.57%	32.54%	-1.45%	32.40%	2.72%	12.25%	68.03%
GLEN.L Glencore plc	36.79%	28.35%	-24.64%	-1.15%	40.32%	65.49%	13.22%	-12.08%	-27.14%	55.99%

Different Trading Currencies

VALE is traded in USD, while GLEN.L is traded in GBp. To make them comparable, the GLEN.L values have been converted to USD using the latest available exchange rates.

Fundamentals

Market Cap VALE : $67.92B GLEN.L : £68.24B
EPS VALE : $0.54 GLEN.L : -£0.10
PS Ratio VALE : 1.77 GLEN.L : 0.14
PB Ratio VALE : 2.02 GLEN.L : 1.76
Total Revenue (TTM) VALE : $38.39B GLEN.L : £479.07B
Gross Profit (TTM) VALE : $13.26B GLEN.L : £11.90B
EBITDA (TTM) VALE : $13.88B GLEN.L : £19.53B

Returns By Period

In the year-to-date period, VALE achieves a 22.10% return, which is significantly lower than GLEN.L's 36.79% return. Over the past 10 years, VALE has outperformed GLEN.L with an annualized return of 21.95%, while GLEN.L has yielded a comparatively lower 18.63% annualized return.

VALE

• 1D: 5.36%
• 1M: -7.39%
• YTD: 22.10%
• 6M: 49.12%
• 1Y: 67.78%
• 3Y*: 8.64%
• 5Y*: 8.31%
• 10Y*: 21.95%

GLEN.L

• 1D: 2.53%
• 1M: 3.95%
• YTD: 36.79%
• 6M: 62.94%
• 1Y: 114.42%
• 3Y*: 15.09%
• 5Y*: 19.59%
• 10Y*: 18.63%

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

Return for Risk

VALE vs. GLEN.L — Risk / Return Rank

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

VALE

VALE Risk / Return Rank: 89
VALE Sharpe Ratio Rank: 91
VALE Sortino Ratio Rank: 88
VALE Omega Ratio Rank: 87
VALE Calmar Ratio Rank: 88
VALE Martin Ratio Rank: 91

GLEN.L

GLEN.L Risk / Return Rank: 96
GLEN.L Sharpe Ratio Rank: 97
GLEN.L Sortino Ratio Rank: 95
GLEN.L Omega Ratio Rank: 95
GLEN.L Calmar Ratio Rank: 95
GLEN.L Martin Ratio Rank: 97

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.

VALE vs. GLEN.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vale S.A. (VALE) and Glencore plc (GLEN.L). 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.

	VALE	GLEN.L	Difference
Sharpe ratio Return per unit of total volatility	2.07	3.14	-1.07
Sortino ratio Return per unit of downside risk	2.61	3.44	-0.83
Omega ratio Gain probability vs. loss probability	1.35	1.49	-0.14
Calmar ratio Return relative to maximum drawdown	3.36	5.45	-2.08
Martin ratio Return relative to average drawdown	11.28	20.00	-8.72
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VALE vs. GLEN.L - Sharpe Ratio Comparison

The current VALE Sharpe Ratio is 2.07, which is lower than the GLEN.L Sharpe Ratio of 3.14. The chart below compares the historical Sharpe Ratios of VALE and GLEN.L, 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

	VALE	GLEN.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.07	3.14	-1.07
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.23	0.55	-0.32
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.52	0.48	+0.04
Sharpe Ratio (All Time) Calculated using the full available price history	0.31	0.07	+0.24

Correlation

The correlation between VALE and GLEN.L is 0.50, 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

VALE vs. GLEN.L - Dividend Comparison

VALE's dividend yield for the trailing twelve months is around 3.61%, more than GLEN.L's 1.72% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VALE Vale S.A.	3.61%	7.29%	11.41%	7.75%	8.63%	19.70%	2.72%	2.63%	4.16%	3.77%	1.06%	7.48%
GLEN.L Glencore plc	1.72%	2.39%	2.86%	8.72%	5.57%	3.08%	6.71%	5.31%	3.85%	1.05%	0.00%	9.87%

Drawdowns

VALE vs. GLEN.L - Drawdown Comparison

The maximum VALE drawdown since its inception was -92.78%, which is greater than GLEN.L's maximum drawdown of -87.17%. Use the drawdown chart below to compare losses from any high point for VALE and GLEN.L.

Drawdown Indicators

	VALE	GLEN.L	Difference
Max Drawdown Largest peak-to-trough decline	-92.78%	-85.66%	-7.12%
Max Drawdown (1Y) Largest decline over 1 year	-19.85%	-19.04%	-0.81%
Max Drawdown (5Y) Largest decline over 5 years	-49.79%	-55.24%	+5.45%
Max Drawdown (10Y) Largest decline over 10 years	-57.60%	-70.67%	+13.07%
Current Drawdown Current decline from peak	-9.24%	0.00%	-9.24%
Average Drawdown Average peak-to-trough decline	-36.95%	-32.34%	-4.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.92%	5.40%	+0.52%

Volatility

VALE vs. GLEN.L - Volatility Comparison

Vale S.A. (VALE) has a higher volatility of 13.54% compared to Glencore plc (GLEN.L) at 8.17%. This indicates that VALE's price experiences larger fluctuations and is considered to be riskier than GLEN.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VALE	GLEN.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.54%	8.17%	+5.37%
Volatility (6M) Calculated over the trailing 6-month period	24.51%	24.32%	+0.19%
Volatility (1Y) Calculated over the trailing 1-year period	32.86%	36.50%	-3.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.65%	35.36%	+0.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	42.24%	38.97%	+3.27%

Financials

VALE vs. GLEN.L - Profitability Comparison

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

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%.

GLEN.L - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Glencore plc reported a gross profit of 3.44B and revenue of 130.73B. Therefore, the gross margin over that period was 2.6%.

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%.

GLEN.L - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Glencore plc reported an operating income of 2.18B and revenue of 130.73B, resulting in an operating margin of 1.7%.

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%.

GLEN.L - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Glencore plc reported a net income of 1.02B and revenue of 130.73B, resulting in a net margin of 0.8%.