MTA vs. AUD=X
MTA (Metalla Royalty & Streaming Ltd.) is a stock, while AUD=X (USD/AUD) is a currency. Over the past 5 years, MTA returned -5.04%/yr vs 0.02%/yr for AUD=X. At a correlation of -0.00, they often move in opposite directions.
Performance
MTA vs. AUD=X - Performance Comparison
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Different Trading Currencies
MTA is traded in USD, while AUD=X is traded in AUD. To make them comparable, the AUD=X values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, MTA achieves a -10.03% return, which is significantly lower than AUD=X's 0.10% return.
MTA
- 1D
- -3.45%
- 1M
- 3.09%
- YTD
- -10.03%
- 6M
- -15.66%
- 1Y
- 92.31%
- 3Y*
- 18.67%
- 5Y*
- -5.04%
- 10Y*
- —
AUD=X
- 1D
- 0.12%
- 1M
- 0.10%
- YTD
- 0.10%
- 6M
- 0.11%
- 1Y
- 0.10%
- 3Y*
- 0.04%
- 5Y*
- 0.02%
- 10Y*
- 0.01%
MTA vs. AUD=X - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MTA Metalla Royalty & Streaming Ltd. | -10.03% | 209.96% | -18.51% | -36.95% | -29.15% | -44.82% | 133.14% | 122.65% | 20.19% | 8.30% |
AUD=X USD/AUD | 0.10% | -0.01% | 0.03% | 0.01% | -0.08% | -0.04% | 0.11% | 0.09% | -0.05% | -0.06% |
Correlation
The correlation between MTA and AUD=X is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Sep 22, 2017 | -0.00 |
The correlation between MTA and AUD=X shifts across timeframes, from -0.11 (1 year) to -0.00 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
MTA vs. AUD=X — Risk / Return Rank
MTA
AUD=X
MTA vs. AUD=X - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Metalla Royalty & Streaming Ltd. (MTA) and USD/AUD (AUD=X). 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.
| MTA | AUD=X | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.66 | ||
| Sortino ratioReturn per unit of downside risk | +2.09 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.02 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 2.81 | 0.10 | +2.71 |
| Martin ratioReturn relative to average drawdown | 7.14 | 0.15 | +6.99 |
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Drawdowns
MTA vs. AUD=X - Drawdown Comparison
The maximum MTA drawdown since its inception was -81.73%, which is greater than AUD=X's maximum drawdown of -3.07%. Use the drawdown chart below to compare losses from any high point for MTA and AUD=X.
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Drawdown Indicators
| MTA | AUD=X | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.73% | -3.07% | -78.66% |
Max Drawdown (1Y)Largest decline over 1 year | -33.04% | -0.81% | -32.23% |
Max Drawdown (3Y)Largest decline over 3 years | -49.85% | -1.22% | -48.63% |
Max Drawdown (5Y)Largest decline over 5 years | -73.31% | -1.22% | -72.09% |
Max Drawdown (10Y)Largest decline over 10 years | — | -1.44% | — |
Current DrawdownCurrent decline from peak | -46.50% | -1.60% | -44.90% |
Average DrawdownAverage peak-to-trough decline | -41.39% | -1.64% | -39.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.98% | 0.11% | +12.87% |
Volatility
MTA vs. AUD=X - Volatility Comparison
Metalla Royalty & Streaming Ltd. (MTA) has a higher volatility of 18.44% compared to USD/AUD (AUD=X) at 0.25%. This indicates that MTA's price experiences larger fluctuations and is considered to be riskier than AUD=X based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MTA | AUD=X | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.44% | 0.25% | +18.19% |
Volatility (6M)Calculated over the trailing 6-month period | 40.18% | 0.73% | +39.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 53.96% | 1.33% | +52.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 53.59% | 1.05% | +52.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 57.13% | 1.33% | +55.80% |
Frequently Asked Questions
MTA and AUD=X have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MTA has higher volatility (18.44%) compared to AUD=X (0.25%). In terms of maximum drawdown, MTA dropped -81.73% vs AUD=X's -3.07%.
MTA currently has the higher Sharpe Ratio (1.73 vs 0.07), 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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