GLNCY vs. TMC

Last updated Jun 4, 2026

GLNCY (Glencore PLC ADR) and TMC (TMC the metals company Inc.) are both stocks. Both operate in the Other Industrial Metals & Mining industry within the Basic Materials sector. Over the past 3 years, GLNCY returned 19.26%/yr vs 109.51%/yr for TMC. At a 0.18 correlation, their price movements are largely independent.

Performance

GLNCY vs. TMC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Glencore PLC ADR (GLNCY) and TMC the metals company Inc. (TMC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GLNCY achieves a 50.16% return, which is significantly higher than TMC's -0.81% return.

GLNCY

• 1D: -2.29%
• 1M: 8.55%
• YTD: 50.16%
• 6M: 61.54%
• 1Y: 118.41%
• 3Y*: 19.26%
• 5Y*: 17.27%
• 10Y*: 19.48%

TMC

• 1D: -5.70%
• 1M: 17.92%
• YTD: -0.81%
• 6M: -20.73%
• 1Y: 45.37%
• 3Y*: 109.51%
• 5Y*: —
• 10Y*: —

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

GLNCY vs. TMC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
GLNCY Glencore PLC ADR	50.16%	28.74%	-25.38%	-1.13%	40.92%	9.68%
TMC TMC the metals company Inc.	-0.81%	450.89%	1.82%	42.86%	-62.98%	-77.90%

Correlation

The correlation between GLNCY and TMC is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.30
Correlation (3Y) Calculated over the trailing 3-year period	0.20
Correlation (All Time) Calculated using the full available price history since Sep 13, 2021	0.18

The correlation between GLNCY and TMC shifts across timeframes, from 0.18 (all time) to 0.30 (1 year), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap GLNCY : $97.82B TMC : $1.97T
EPS GLNCY : -$0.21 TMC : -$0.00
Total Revenue (TTM) GLNCY : $478.28B TMC : $0.00
Gross Profit (TTM) GLNCY : $10.29B TMC : -$136.00K
EBITDA (TTM) GLNCY : $18.49B TMC : -$296.72M

Return for Risk

GLNCY vs. TMC — Risk / Return Rank

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

GLNCY

GLNCY Risk / Return Rank: 96
GLNCY Sharpe Ratio Rank: 96
GLNCY Sortino Ratio Rank: 95
GLNCY Omega Ratio Rank: 94
GLNCY Calmar Ratio Rank: 96
GLNCY Martin Ratio Rank: 97

TMC

TMC Risk / Return Rank: 57
TMC Sharpe Ratio Rank: 56
TMC Sortino Ratio Rank: 63
TMC Omega Ratio Rank: 58
TMC Calmar Ratio Rank: 56
TMC Martin Ratio Rank: 53

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.

GLNCY vs. TMC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Glencore PLC ADR (GLNCY) and TMC the metals company Inc. (TMC). 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.

	GLNCY	TMC	Difference
Sharpe ratio: Return per unit of total volatility	3.59	0.44	+3.15
Sortino ratio: Return per unit of downside risk	4.20	1.44	+2.76
Omega ratio: Gain probability vs. loss probability	1.54	1.16	+0.38
Calmar ratio: Return relative to maximum drawdown	8.10	0.74	+7.36
Martin ratio: Return relative to average drawdown	24.92	1.23	+23.69
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GLNCY vs. TMC - Sharpe Ratio Comparison

The current GLNCY Sharpe Ratio is 3.59, which is higher than the TMC Sharpe Ratio of 0.44. The chart below compares the historical Sharpe Ratios of GLNCY and TMC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	GLNCY	TMC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.59	0.44	+3.15
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.49	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.50	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.10	-0.08	+0.18

Drawdowns

GLNCY vs. TMC - Drawdown Comparison

The maximum GLNCY drawdown since its inception was -85.04%, smaller than the maximum TMC drawdown of -95.58%. Use the drawdown chart below to compare losses from any high point for GLNCY and TMC.

Drawdown Indicators

	GLNCY	TMC	Difference
Max Drawdown Largest peak-to-trough decline	-85.04%	-95.58%	+10.54%
Max Drawdown (1Y) Largest decline over 1 year	-14.71%	-61.65%	+46.94%
Max Drawdown (3Y) Largest decline over 3 years	-53.44%	-74.56%	+21.12%
Max Drawdown (5Y) Largest decline over 5 years	-54.06%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-76.10%	—	—
Current Drawdown Current decline from peak	-2.29%	-50.84%	+48.55%
Average Drawdown Average peak-to-trough decline	-32.33%	-79.62%	+47.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.77%	36.96%	-32.19%

Volatility

GLNCY vs. TMC - Volatility Comparison

The current volatility for Glencore PLC ADR (GLNCY) is 10.04%, while TMC the metals company Inc. (TMC) has a volatility of 24.46%. This indicates that GLNCY experiences smaller price fluctuations and is considered to be less risky than TMC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GLNCY	TMC	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.04%	24.46%	-14.42%
Volatility (6M) Calculated over the trailing 6-month period	24.86%	69.15%	-44.29%
Volatility (1Y) Calculated over the trailing 1-year period	33.22%	103.69%	-70.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.68%	113.08%	-77.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	39.05%	113.08%	-74.03%

Dividends

GLNCY vs. TMC - Dividend Comparison

GLNCY's dividend yield for the trailing twelve months is around 1.66%, while TMC has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GLNCY Glencore PLC ADR	1.66%	1.83%	2.98%	8.68%	5.56%	3.00%	0.00%	5.50%	4.70%	1.08%	0.00%	13.64%
TMC TMC the metals company Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both GLNCY and TMC in my portfolio?

GLNCY and TMC have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GLNCY or TMC?

TMC has higher volatility (24.46%) compared to GLNCY (10.04%). In terms of maximum drawdown, GLNCY dropped -85.04% vs TMC's -95.58%.

Which has better risk-adjusted returns?

GLNCY currently has the higher Sharpe Ratio (3.59 vs 0.44), 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.