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 -2.45%/yr vs 0.01%/yr for AUD=X. At a correlation of -0.01, 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 -5.78% return, which is significantly lower than AUD=X's -0.05% return.
MTA
- 1D
- 4.56%
- 1M
- 0.27%
- 6M
- -10.28%
- YTD
- -5.78%
- 1Y
- 79.66%
- 3Y*
- 16.41%
- 5Y*
- -2.45%
- 10Y*
- —
AUD=X
- 1D
- -0.04%
- 1M
- -0.06%
- 6M
- -0.02%
- YTD
- -0.05%
- 1Y
- -0.00%
- 3Y*
- -0.01%
- 5Y*
- 0.01%
- 10Y*
- -0.00%
MTA vs. AUD=X - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MTA Metalla Royalty & Streaming Ltd. | -5.78% | 209.96% | -18.51% | -36.95% | -29.15% | -44.82% | 133.14% | 122.65% | 20.19% | 8.30% |
AUD=X USD/AUD | -0.05% | -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 -0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.09 |
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 | -0.01 |
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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 | +1.47 | ||
| Sortino ratioReturn per unit of downside risk | +1.97 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.00 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 2.42 | -0.01 | +2.43 |
| Martin ratioReturn relative to average drawdown | 5.76 | -0.02 | +5.79 |
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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% | -0.37% | -32.67% |
Max Drawdown (3Y)Largest decline over 3 years | -49.75% | -1.22% | -48.53% |
Max Drawdown (5Y)Largest decline over 5 years | -71.47% | -1.22% | -70.25% |
Max Drawdown (10Y)Largest decline over 10 years | — | -1.44% | — |
Current DrawdownCurrent decline from peak | -43.97% | -1.75% | -42.22% |
Average DrawdownAverage peak-to-trough decline | -41.41% | -1.64% | -39.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.86% | 0.12% | +13.74% |
Volatility
MTA vs. AUD=X - Volatility Comparison
Metalla Royalty & Streaming Ltd. (MTA) has a higher volatility of 17.58% compared to USD/AUD (AUD=X) at 0.23%. 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 | 17.58% | 0.23% | +17.35% |
Volatility (6M)Calculated over the trailing 6-month period | 41.82% | 0.66% | +41.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.56% | 0.90% | +53.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 53.86% | 1.04% | +52.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 57.19% | 1.32% | +55.87% |
Frequently Asked Questions
MTA and AUD=X have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MTA has higher volatility (17.58%) compared to AUD=X (0.23%). In terms of maximum drawdown, MTA dropped -81.73% vs AUD=X's -3.07%.
MTA currently has the higher Sharpe Ratio (1.47 vs -0.00), 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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