VATE vs. RIO
VATE (INNOVATE Corp.) and RIO (Rio Tinto Group) are both stocks. VATE operates in Engineering & Construction (Industrials), while RIO operates in Other Industrial Metals & Mining (Basic Materials). Over the past 10 years, VATE returned -9.69%/yr vs 18.37%/yr for RIO. At a 0.17 correlation, their price movements are largely independent.
Performance
VATE vs. RIO - Performance Comparison
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Returns By Period
In the year-to-date period, VATE achieves a 119.69% return, which is significantly higher than RIO's 16.30% return. Over the past 10 years, VATE has underperformed RIO with an annualized return of -9.69%, while RIO has yielded a comparatively higher 18.37% annualized return.
VATE
- 1D
- -2.26%
- 1M
- -42.60%
- 6M
- 96.25%
- YTD
- 119.69%
- 1Y
- 78.92%
- 3Y*
- -19.02%
- 5Y*
- -23.82%
- 10Y*
- -9.69%
RIO
- 1D
- 1.17%
- 1M
- -14.06%
- 6M
- 14.72%
- YTD
- 16.30%
- 1Y
- 56.02%
- 3Y*
- 19.06%
- 5Y*
- 8.78%
- 10Y*
- 18.37%
VATE vs. RIO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VATE INNOVATE Corp. | 119.69% | -8.50% | -59.84% | -34.22% | -49.46% | 13.50% | 50.23% | -17.80% | -55.63% | 63.41% |
RIO Rio Tinto Group | 16.30% | 44.47% | -15.36% | 11.06% | 18.48% | -3.67% | 36.22% | 33.18% | -2.93% | 44.87% |
Correlation
The correlation between VATE and RIO is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2009 | 0.17 |
Fundamentals
VATE:
$135.46M
RIO:
$147.04B
VATE:
-$4.00
RIO:
$13.11
VATE:
0.10
RIO:
1.33
VATE:
101.94
RIO:
2.38
VATE:
$1.34B
RIO:
$111.41B
VATE:
$190.20M
RIO:
$31.10B
VATE:
$5.40M
RIO:
$40.42B
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Return for Risk
VATE vs. RIO — Risk / Return Rank
VATE
RIO
VATE vs. RIO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for INNOVATE Corp. (VATE) and Rio Tinto Group (RIO). 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.
| VATE | RIO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.10 | ||
| Sortino ratioReturn per unit of downside risk | -0.82 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.32 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.55 | 2.84 | -1.29 |
| Martin ratioReturn relative to average drawdown | 5.05 | 10.25 | -5.20 |
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Drawdowns
VATE vs. RIO - Drawdown Comparison
The maximum VATE drawdown since its inception was -95.92%, which is greater than RIO's maximum drawdown of -88.97%. Use the drawdown chart below to compare losses from any high point for VATE and RIO.
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Drawdown Indicators
| VATE | RIO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.92% | -88.97% | -6.95% |
Max Drawdown (1Y)Largest decline over 1 year | -50.50% | -20.74% | -29.76% |
Max Drawdown (3Y)Largest decline over 3 years | -82.65% | -24.19% | -58.46% |
Max Drawdown (5Y)Largest decline over 5 years | -92.99% | -35.25% | -57.74% |
Max Drawdown (10Y)Largest decline over 10 years | -95.36% | -37.47% | -57.89% |
Current DrawdownCurrent decline from peak | -87.65% | -19.19% | -68.46% |
Average DrawdownAverage peak-to-trough decline | -46.27% | -23.74% | -22.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.42% | 5.73% | +9.69% |
Volatility
VATE vs. RIO - Volatility Comparison
INNOVATE Corp. (VATE) has a higher volatility of 33.00% compared to Rio Tinto Group (RIO) at 9.23%. This indicates that VATE's price experiences larger fluctuations and is considered to be riskier than RIO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VATE | RIO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 33.00% | 9.23% | +23.77% |
Volatility (6M)Calculated over the trailing 6-month period | 67.39% | 24.96% | +42.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 87.42% | 29.57% | +57.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 95.02% | 29.33% | +65.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 82.75% | 30.45% | +52.30% |
Dividends
VATE vs. RIO - Dividend Comparison
VATE has not paid dividends to shareholders, while RIO's dividend yield for the trailing twelve months is around 4.44%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RIO Rio Tinto Group | 4.44% | 4.66% | 7.40% | 5.40% | 10.48% | 10.23% | 5.13% | 7.68% | 6.32% | 4.47% | 3.93% | 7.58% |
VATE INNOVATE Corp. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 43.53% | 0.00% | 0.00% |
Financials
VATE vs. RIO - Financials Comparison
This section allows you to compare key financial metrics between INNOVATE Corp. and Rio Tinto Group. 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
VATE vs. RIO - Profitability Comparison
VATE - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, INNOVATE Corp. reported a gross profit of 53.50M and revenue of 364.80M. Therefore, the gross margin over that period was 14.7%.
RIO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Rio Tinto Group reported a gross profit of 8.15B and revenue of 30.65B. Therefore, the gross margin over that period was 26.6%.
VATE - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, INNOVATE Corp. reported an operating income of -100.00K and revenue of 364.80M, resulting in an operating margin of -0.0%.
RIO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Rio Tinto Group reported an operating income of 8.15B and revenue of 30.65B, resulting in an operating margin of 26.6%.
VATE - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, INNOVATE Corp. reported a net income of -17.20M and revenue of 364.80M, resulting in a net margin of -4.7%.
RIO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Rio Tinto Group reported a net income of 5.42B and revenue of 30.65B, resulting in a net margin of 17.7%.
Frequently Asked Questions
VATE and RIO have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VATE has higher volatility (33.00%) compared to RIO (9.23%). In terms of maximum drawdown, VATE dropped -95.92% vs RIO's -88.97%.
RIO currently has the higher Sharpe Ratio (2.00 vs 0.89), 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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