VALE vs. HSHP
VALE (Vale S.A.) and HSHP (Himalaya Shipping Ltd.) are both stocks. VALE operates in Other Industrial Metals & Mining (Basic Materials), while HSHP operates in Marine Shipping (Industrials). Over the past 3 years, VALE returned 12.85%/yr vs 44.60%/yr for HSHP. At a 0.24 correlation, their price movements are largely independent.
Performance
VALE vs. HSHP - Performance Comparison
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Returns By Period
In the year-to-date period, VALE achieves a 20.57% return, which is significantly lower than HSHP's 71.21% return.
VALE
- 1D
- 2.28%
- 1M
- -6.71%
- YTD
- 20.57%
- 6M
- 23.80%
- 1Y
- 73.31%
- 3Y*
- 12.85%
- 5Y*
- 2.38%
- 10Y*
- 22.05%
HSHP
- 1D
- 3.05%
- 1M
- -3.72%
- YTD
- 71.21%
- 6M
- 71.96%
- 1Y
- 144.70%
- 3Y*
- 44.60%
- 5Y*
- —
- 10Y*
- —
VALE vs. HSHP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
VALE Vale S.A. | 20.57% | 60.70% | -38.83% | 1.57% | 26.14% |
HSHP Himalaya Shipping Ltd. | 71.21% | 96.10% | -23.53% | 37.12% | -1.99% |
Correlation
The correlation between VALE and HSHP is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Oct 25, 2022 | 0.24 |
Fundamentals
VALE:
$67.15B
HSHP:
$715.11M
VALE:
$0.65
HSHP:
$0.63
VALE:
24.04
HSHP:
24.25
VALE:
1.70
HSHP:
4.92
VALE:
1.83
HSHP:
4.59
VALE:
$39.53B
HSHP:
$143.50M
VALE:
$13.65B
HSHP:
$98.40M
VALE:
$14.33B
HSHP:
$101.44M
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Return for Risk
VALE vs. HSHP — Risk / Return Rank
VALE
HSHP
VALE vs. HSHP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vale S.A. (VALE) and Himalaya Shipping Ltd. (HSHP). 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 | HSHP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.39 | ||
| Sortino ratioReturn per unit of downside risk | -1.17 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.49 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 3.71 | 9.35 | -5.64 |
| Martin ratioReturn relative to average drawdown | 12.21 | 21.19 | -8.98 |
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Drawdowns
VALE vs. HSHP - Drawdown Comparison
The maximum VALE drawdown since its inception was -92.78%, which is greater than HSHP's maximum drawdown of -51.51%. Use the drawdown chart below to compare losses from any high point for VALE and HSHP.
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Drawdown Indicators
| VALE | HSHP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.78% | -51.51% | -41.27% |
Max Drawdown (1Y)Largest decline over 1 year | -19.85% | -15.57% | -4.28% |
Max Drawdown (3Y)Largest decline over 3 years | -41.94% | -51.51% | +9.57% |
Max Drawdown (5Y)Largest decline over 5 years | -49.79% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -57.60% | — | — |
Current DrawdownCurrent decline from peak | -11.84% | -5.38% | -6.46% |
Average DrawdownAverage peak-to-trough decline | -36.69% | -14.76% | -21.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.02% | 6.85% | -0.83% |
Volatility
VALE vs. HSHP - Volatility Comparison
The current volatility for Vale S.A. (VALE) is 9.16%, while Himalaya Shipping Ltd. (HSHP) has a volatility of 13.10%. This indicates that VALE experiences smaller price fluctuations and is considered to be less risky than HSHP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VALE | HSHP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.16% | 13.10% | -3.94% |
Volatility (6M)Calculated over the trailing 6-month period | 26.35% | 30.50% | -4.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.06% | 39.51% | -7.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.47% | 42.51% | -7.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.84% | 42.51% | -1.67% |
Dividends
VALE vs. HSHP - Dividend Comparison
VALE's dividend yield for the trailing twelve months is around 3.66%, less than HSHP's 3.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HSHP Himalaya Shipping Ltd. | 3.81% | 3.57% | 9.88% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VALE Vale S.A. | 3.66% | 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. HSHP - Financials Comparison
This section allows you to compare key financial metrics between Vale S.A. and Himalaya Shipping Ltd.. 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. HSHP - 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%.
HSHP - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Himalaya Shipping Ltd. reported a gross profit of 18.40M and revenue of 33.60M. Therefore, the gross margin over that period was 54.8%.
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%.
HSHP - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Himalaya Shipping Ltd. reported an operating income of 17.20M and revenue of 33.60M, resulting in an operating margin of 51.2%.
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%.
HSHP - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Himalaya Shipping Ltd. reported a net income of 5.00M and revenue of 33.60M, resulting in a net margin of 14.9%.
Frequently Asked Questions
VALE and HSHP have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HSHP has higher volatility (13.10%) compared to VALE (9.16%). In terms of maximum drawdown, VALE dropped -92.78% vs HSHP's -51.51%.
HSHP currently has the higher Sharpe Ratio (3.69 vs 2.30), 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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