METC vs. TMC

Last updated Jun 13, 2026

METC (Ramaco Resources, Inc.) and TMC (TMC the metals company Inc.) are both stocks. Both are in the Basic Materials sector — METC in Coking Coal, TMC in Other Industrial Metals & Mining. Over the past 3 years, METC returned 30.21%/yr vs 68.25%/yr for TMC. At a 0.17 correlation, their price movements are largely independent.

Performance

METC vs. TMC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Ramaco Resources, Inc. (METC) 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, METC achieves a -15.22% return, which is significantly lower than TMC's -11.99% return.

METC

• 1D: 2.62%
• 1M: -0.33%
• YTD: -15.22%
• 6M: -2.18%
• 1Y: 48.88%
• 3Y*: 30.21%
• 5Y*: 26.81%
• 10Y*: —

TMC

• 1D: 5.85%
• 1M: -3.72%
• YTD: -11.99%
• 6M: -18.22%
• 1Y: 13.12%
• 3Y*: 68.25%
• 5Y*: —
• 10Y*: —

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

METC vs. TMC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
METC Ramaco Resources, Inc.	-15.22%	94.40%	-37.24%	105.93%	-32.97%	11.66%
TMC TMC the metals company Inc.	-11.99%	450.89%	1.82%	42.86%	-62.98%	-81.18%

Correlation

The correlation between METC and TMC is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.45
Correlation (3Y) Calculated over the trailing 3-year period	0.24
Correlation (All Time) Calculated using the full available price history since Sep 10, 2021	0.17

Over the past year, METC and TMC have become more correlated (0.45) than their long-term average of 0.17, meaning their price movements have been converging.

Fundamentals

EPS METC : -$1.62 TMC : -$0.00
Total Revenue (TTM) METC : $523.58M TMC : $0.00
Gross Profit (TTM) METC : $10.83M TMC : -$136.00K
EBITDA (TTM) METC : $723.00K TMC : -$296.72M

Return for Risk

METC vs. TMC — Risk / Return Rank

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

METC

METC Risk / Return Rank: 59
METC Sharpe Ratio Rank: 59
METC Sortino Ratio Rank: 65
METC Omega Ratio Rank: 62
METC Calmar Ratio Rank: 57
METC Martin Ratio Rank: 53

TMC

TMC Risk / Return Rank: 50
TMC Sharpe Ratio Rank: 48
TMC Sortino Ratio Rank: 57
TMC Omega Ratio Rank: 53
TMC Calmar Ratio Rank: 48
TMC Martin Ratio Rank: 46

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.

METC vs. TMC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ramaco Resources, Inc. (METC) 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.

	METC	TMC	Difference
Sharpe ratio: Return per unit of total volatility	0.48	0.13	+0.35
Sortino ratio: Return per unit of downside risk	1.34	1.02	+0.32
Omega ratio: Gain probability vs. loss probability	1.16	1.11	+0.05
Calmar ratio: Return relative to maximum drawdown	0.65	0.21	+0.43
Martin ratio: Return relative to average drawdown	0.90	0.35	+0.55

METC vs. TMC - Sharpe Ratio Comparison

The current METC Sharpe Ratio is 0.48, which is higher than the TMC Sharpe Ratio of 0.13. The chart below compares the historical Sharpe Ratios of METC 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.

Drawdowns

METC vs. TMC - Drawdown Comparison

The maximum METC drawdown since its inception was -86.53%, smaller than the maximum TMC drawdown of -95.58%. Use the drawdown chart below to compare losses from any high point for METC and TMC.

Drawdown Indicators

	METC	TMC	Difference
Max Drawdown Largest peak-to-trough decline	-86.53%	-95.58%	+9.05%
Max Drawdown (1Y) Largest decline over 1 year	-75.80%	-61.65%	-14.15%
Max Drawdown (3Y) Largest decline over 3 years	-75.80%	-74.56%	-1.24%
Max Drawdown (5Y) Largest decline over 5 years	-75.80%	—	—
Current Drawdown Current decline from peak	-72.03%	-56.39%	-15.64%
Average Drawdown Average peak-to-trough decline	-52.05%	-79.43%	+27.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	54.60%	37.93%	+16.67%

Volatility

METC vs. TMC - Volatility Comparison

The current volatility for Ramaco Resources, Inc. (METC) is 21.68%, while TMC the metals company Inc. (TMC) has a volatility of 24.27%. This indicates that METC 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

	METC	TMC	Difference
Volatility (1M) Calculated over the trailing 1-month period	21.68%	24.27%	-2.59%
Volatility (6M) Calculated over the trailing 6-month period	61.83%	68.29%	-6.46%
Volatility (1Y) Calculated over the trailing 1-year period	102.03%	104.72%	-2.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	82.20%	113.21%	-31.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	75.87%	113.21%	-37.34%

Dividends

METC vs. TMC - Dividend Comparison

Neither METC nor TMC has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
METC Ramaco Resources, Inc.	0.00%	1.10%	5.32%	2.91%	5.11%
TMC TMC the metals company Inc.	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both METC and TMC in my portfolio?

METC and TMC have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, METC or TMC?

TMC has higher volatility (24.27%) compared to METC (21.68%). In terms of maximum drawdown, METC dropped -86.53% vs TMC's -95.58%.

Which has better risk-adjusted returns?

METC currently has the higher Sharpe Ratio (0.48 vs 0.13), 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.