VALE vs. PBR

Last updated Apr 1, 2026

Compare and contrast key facts about Vale S.A. (VALE) and Petróleo Brasileiro S.A. - Petrobras (PBR).

Performance

VALE vs. PBR - Performance Comparison

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

VALE vs. PBR - 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%
PBR Petróleo Brasileiro S.A. - Petrobras	75.11%	-1.01%	-8.38%	71.48%	47.76%	20.44%	-28.83%	24.65%	27.68%	1.78%

Fundamentals

Market Cap VALE : $67.92B PBR : $133.72B
EPS VALE : $0.54 PBR : $3.12
PE Ratio VALE : 29.65 PBR : 6.65
PS Ratio VALE : 1.77 PBR : 1.47
PB Ratio VALE : 2.02 PBR : 1.76
Total Revenue (TTM) VALE : $38.39B PBR : $90.81B
Gross Profit (TTM) VALE : $13.26B PBR : $43.25B
EBITDA (TTM) VALE : $13.88B PBR : $43.02B

Returns By Period

In the year-to-date period, VALE achieves a 22.10% return, which is significantly lower than PBR's 75.11% return. Over the past 10 years, VALE has underperformed PBR with an annualized return of 21.95%, while PBR has yielded a comparatively higher 25.41% 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%

PBR

• 1D: -0.29%
• 1M: 24.77%
• YTD: 75.11%
• 6M: 67.34%
• 1Y: 55.45%
• 3Y*: 40.62%
• 5Y*: 45.76%
• 10Y*: 25.41%

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

Return for Risk

VALE vs. PBR — 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

PBR

PBR Risk / Return Rank: 83
PBR Sharpe Ratio Rank: 88
PBR Sortino Ratio Rank: 83
PBR Omega Ratio Rank: 84
PBR Calmar Ratio Rank: 82
PBR Martin Ratio Rank: 77

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. PBR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vale S.A. (VALE) and Petróleo Brasileiro S.A. - Petrobras (PBR). 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	PBR	Difference
Sharpe ratio Return per unit of total volatility	2.07	1.70	+0.38
Sortino ratio Return per unit of downside risk	2.61	2.21	+0.40
Omega ratio Gain probability vs. loss probability	1.35	1.31	+0.03
Calmar ratio Return relative to maximum drawdown	3.36	2.46	+0.91
Martin ratio Return relative to average drawdown	11.28	4.75	+6.53
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. PBR - Sharpe Ratio Comparison

The current VALE Sharpe Ratio is 2.07, which is comparable to the PBR Sharpe Ratio of 1.70. The chart below compares the historical Sharpe Ratios of VALE and PBR, 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	PBR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.07	1.70	+0.38
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.23	1.21	-0.98
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.52	0.53	-0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.31	0.21	+0.10

Correlation

The correlation between VALE and PBR is 0.62, 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. PBR - Dividend Comparison

VALE's dividend yield for the trailing twelve months is around 3.61%, less than PBR's 4.05% 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%
PBR Petróleo Brasileiro S.A. - Petrobras	4.05%	7.10%	14.73%	10.91%	55.64%	18.95%	0.84%	1.59%	1.03%	0.00%	0.00%	0.00%

Drawdowns

VALE vs. PBR - Drawdown Comparison

The maximum VALE drawdown since its inception was -92.78%, roughly equal to the maximum PBR drawdown of -95.62%. Use the drawdown chart below to compare losses from any high point for VALE and PBR.

Drawdown Indicators

	VALE	PBR	Difference
Max Drawdown Largest peak-to-trough decline	-92.78%	-95.62%	+2.84%
Max Drawdown (1Y) Largest decline over 1 year	-19.85%	-22.41%	+2.56%
Max Drawdown (5Y) Largest decline over 5 years	-49.79%	-39.62%	-10.17%
Max Drawdown (10Y) Largest decline over 10 years	-57.60%	-75.13%	+17.53%
Current Drawdown Current decline from peak	-9.24%	-14.69%	+5.45%
Average Drawdown Average peak-to-trough decline	-36.95%	-52.99%	+16.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.92%	11.58%	-5.66%

Volatility

VALE vs. PBR - Volatility Comparison

Vale S.A. (VALE) has a higher volatility of 13.54% compared to Petróleo Brasileiro S.A. - Petrobras (PBR) at 11.44%. This indicates that VALE's price experiences larger fluctuations and is considered to be riskier than PBR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VALE	PBR	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.54%	11.44%	+2.10%
Volatility (6M) Calculated over the trailing 6-month period	24.51%	21.99%	+2.52%
Volatility (1Y) Calculated over the trailing 1-year period	32.86%	32.81%	+0.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.65%	38.03%	-2.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	42.24%	47.66%	-5.42%

Financials

VALE vs. PBR - Profitability Comparison

The chart below illustrates the profitability comparison between Vale S.A. and Petróleo Brasileiro S.A. - Petrobras 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%.

PBR - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Petróleo Brasileiro S.A. - Petrobras reported a gross profit of 11.64B and revenue of 25.22B. Therefore, the gross margin over that period was 46.1%.

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%.

PBR - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Petróleo Brasileiro S.A. - Petrobras reported an operating income of 5.24B and revenue of 25.22B, resulting in an operating margin of 20.8%.

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%.

PBR - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Petróleo Brasileiro S.A. - Petrobras reported a net income of 3.36B and revenue of 25.22B, resulting in a net margin of 13.3%.