IE vs. TMC
IE (Ivanhoe Electric Inc) and TMC (TMC the metals company Inc.) are both stocks. Both are in the Basic Materials sector — IE in Copper, TMC in Other Industrial Metals & Mining. Over the past 3 years, IE returned -6.28%/yr vs 51.27%/yr for TMC. At a 0.30 correlation, their price movements are largely independent.
Performance
IE vs. TMC - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IE achieves a -30.41% return, which is significantly lower than TMC's -19.77% return.
IE
- 1D
- -2.46%
- 1M
- -5.76%
- YTD
- -30.41%
- 6M
- -31.23%
- 1Y
- 41.48%
- 3Y*
- -6.28%
- 5Y*
- —
- 10Y*
- —
TMC
- 1D
- -3.51%
- 1M
- -8.33%
- YTD
- -19.77%
- 6M
- -35.80%
- 1Y
- -24.54%
- 3Y*
- 51.27%
- 5Y*
- —
- 10Y*
- —
IE vs. TMC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IE Ivanhoe Electric Inc | -30.41% | 111.66% | -25.10% | -17.04% | 3.40% |
TMC TMC the metals company Inc. | -19.77% | 450.89% | 1.82% | 42.86% | -32.46% |
Correlation
The correlation between IE and TMC is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Jun 28, 2022 | 0.30 |
Over the past year, IE and TMC have become more correlated (0.52) than their long-term average of 0.30, meaning their price movements have been converging.
Fundamentals
IE:
$1.76B
TMC:
$1.59T
IE:
-$0.83
TMC:
-$0.00
IE:
$3.37M
TMC:
$0.00
IE:
-$32.15M
TMC:
-$136.00K
IE:
-$179.34M
TMC:
-$296.72M
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IE vs. TMC — Risk / Return Rank
IE
TMC
IE vs. TMC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ivanhoe Electric Inc (IE) 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.
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.
| IE | TMC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.81 | ||
| Sortino ratioReturn per unit of downside risk | +0.93 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.03 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 0.85 | -0.40 | +1.25 |
| Martin ratioReturn relative to average drawdown | 1.74 | -0.64 | +2.38 |
Loading charts...
Drawdowns
IE vs. TMC - Drawdown Comparison
The maximum IE drawdown since its inception was -71.12%, smaller than the maximum TMC drawdown of -95.58%. Use the drawdown chart below to compare losses from any high point for IE and TMC.
Loading charts...
Drawdown Indicators
| IE | TMC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.12% | -95.58% | +24.46% |
Max Drawdown (1Y)Largest decline over 1 year | -49.20% | -61.65% | +12.45% |
Max Drawdown (3Y)Largest decline over 3 years | -71.12% | -74.56% | +3.44% |
Current DrawdownCurrent decline from peak | -44.18% | -60.24% | +16.06% |
Average DrawdownAverage peak-to-trough decline | -32.47% | -79.35% | +46.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.90% | 38.62% | -14.72% |
Volatility
IE vs. TMC - Volatility Comparison
Ivanhoe Electric Inc (IE) has a higher volatility of 24.70% compared to TMC the metals company Inc. (TMC) at 23.43%. This indicates that IE's price experiences larger fluctuations and is considered to be riskier than TMC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IE | TMC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.70% | 23.43% | +1.27% |
Volatility (6M)Calculated over the trailing 6-month period | 55.20% | 66.92% | -11.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 75.38% | 97.03% | -21.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 69.97% | 113.00% | -43.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 69.97% | 113.00% | -43.03% |
Dividends
IE vs. TMC - Dividend Comparison
Neither IE nor TMC has paid dividends to shareholders.
Financials
IE vs. TMC - Financials Comparison
This section allows you to compare key financial metrics between Ivanhoe Electric Inc and TMC the metals company Inc.. 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
Frequently Asked Questions
IE and TMC have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IE has higher volatility (24.70%) compared to TMC (23.43%). In terms of maximum drawdown, IE dropped -71.12% vs TMC's -95.58%.
IE currently has the higher Sharpe Ratio (0.55 vs -0.25), 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.
Find the right allocation for IE and TMC
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer