MTA vs. SBSW
MTA (Metalla Royalty & Streaming Ltd.) and SBSW (Sibanye Stillwater Limited) are both stocks. Both are in the Basic Materials sector — MTA in Other Precious Metals & Mining, SBSW in Gold. Over the past 5 years, MTA returned -3.46%/yr vs -9.13%/yr for SBSW. At a 0.42 correlation, their price movements are largely independent.
Performance
MTA vs. SBSW - Performance Comparison
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Returns By Period
In the year-to-date period, MTA achieves a -8.23% return, which is significantly higher than SBSW's -38.26% return.
MTA
- 1D
- 1.85%
- 1M
- -2.33%
- 6M
- -12.29%
- YTD
- -8.23%
- 1Y
- 72.05%
- 3Y*
- 17.53%
- 5Y*
- -3.46%
- 10Y*
- —
SBSW
- 1D
- -0.12%
- 1M
- -13.29%
- 6M
- -43.78%
- YTD
- -38.26%
- 1Y
- 6.52%
- 3Y*
- 11.28%
- 5Y*
- -9.13%
- 10Y*
- -2.89%
MTA vs. SBSW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MTA Metalla Royalty & Streaming Ltd. | -8.23% | 209.96% | -18.51% | -36.95% | -29.15% | -44.82% | 133.14% | 122.65% | 20.19% | 8.30% |
SBSW Sibanye Stillwater Limited | -38.26% | 331.82% | -39.23% | -46.54% | -9.57% | -12.44% | 61.55% | 250.88% | -41.72% | 11.98% |
Correlation
The correlation between MTA and SBSW is 0.59, 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 | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Sep 22, 2017 | 0.42 |
The correlation between MTA and SBSW shifts across timeframes, from 0.42 (all time) to 0.59 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
MTA:
$667.18M
SBSW:
$6.05B
MTA:
-$0.04
SBSW:
-ZAR 17.51
MTA:
45.82
SBSW:
0.41
MTA:
2.69
SBSW:
2.50
MTA:
$14.70M
SBSW:
ZAR 238.26B
MTA:
$12.51M
SBSW:
ZAR 50.42B
MTA:
$3.72M
SBSW:
ZAR 23.43B
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Return for Risk
MTA vs. SBSW — Risk / Return Rank
MTA
SBSW
MTA vs. SBSW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Metalla Royalty & Streaming Ltd. (MTA) and Sibanye Stillwater Limited (SBSW). 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 | SBSW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.30 | ||
| Sortino ratioReturn per unit of downside risk | +1.26 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.09 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 2.40 | 0.18 | +2.22 |
| Martin ratioReturn relative to average drawdown | 5.76 | 0.39 | +5.37 |
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Drawdowns
MTA vs. SBSW - Drawdown Comparison
The maximum MTA drawdown since its inception was -81.73%, smaller than the maximum SBSW drawdown of -89.24%. Use the drawdown chart below to compare losses from any high point for MTA and SBSW.
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Drawdown Indicators
| MTA | SBSW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.73% | -89.24% | +7.51% |
Max Drawdown (1Y)Largest decline over 1 year | -33.04% | -59.71% | +26.67% |
Max Drawdown (3Y)Largest decline over 3 years | -49.75% | -59.71% | +9.96% |
Max Drawdown (5Y)Largest decline over 5 years | -71.61% | -82.53% | +10.92% |
Max Drawdown (10Y)Largest decline over 10 years | — | -89.24% | — |
Current DrawdownCurrent decline from peak | -45.43% | -58.34% | +12.91% |
Average DrawdownAverage peak-to-trough decline | -41.41% | -48.25% | +6.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.75% | 27.99% | -14.24% |
Volatility
MTA vs. SBSW - Volatility Comparison
Metalla Royalty & Streaming Ltd. (MTA) and Sibanye Stillwater Limited (SBSW) have volatilities of 18.60% and 18.87%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MTA | SBSW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.60% | 18.87% | -0.27% |
Volatility (6M)Calculated over the trailing 6-month period | 41.56% | 51.68% | -10.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.51% | 67.94% | -13.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 53.82% | 60.10% | -6.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 57.19% | 64.14% | -6.95% |
Dividends
MTA vs. SBSW - Dividend Comparison
MTA has not paid dividends to shareholders, while SBSW's dividend yield for the trailing twelve months is around 3.84%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MTA Metalla Royalty & Streaming Ltd. | 0.00% | 0.00% | 0.00% | 0.75% | 0.00% | 0.00% | 0.10% | 0.75% | 2.16% | 0.00% | 0.00% | 0.00% |
SBSW Sibanye Stillwater Limited | 3.84% | 0.00% | 0.00% | 6.98% | 7.68% | 13.34% | 0.75% | 0.00% | 0.00% | 2.68% | 5.12% | 3.05% |
Financials
MTA vs. SBSW - Financials Comparison
This section allows you to compare key financial metrics between Metalla Royalty & Streaming Ltd. and Sibanye Stillwater Limited. 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
MTA vs. SBSW - Profitability Comparison
MTA - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Metalla Royalty & Streaming Ltd. reported a gross profit of 2.66M and revenue of 3.02M. Therefore, the gross margin over that period was 88.1%.
SBSW - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Sibanye Stillwater Limited reported a gross profit of 18.20B and revenue of 71.36B. Therefore, the gross margin over that period was 25.5%.
MTA - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Metalla Royalty & Streaming Ltd. reported an operating income of 367.83K and revenue of 3.02M, resulting in an operating margin of 12.2%.
SBSW - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Sibanye Stillwater Limited reported an operating income of 13.77B and revenue of 71.36B, resulting in an operating margin of 19.3%.
MTA - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Metalla Royalty & Streaming Ltd. reported a net income of 109.46K and revenue of 3.02M, resulting in a net margin of 3.6%.
SBSW - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Sibanye Stillwater Limited reported a net income of -1.51B and revenue of 71.36B, resulting in a net margin of -2.1%.
Frequently Asked Questions
MTA and SBSW have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SBSW has higher volatility (18.87%) compared to MTA (18.60%). In terms of maximum drawdown, MTA dropped -81.73% vs SBSW's -89.24%.
MTA currently has the higher Sharpe Ratio (1.46 vs 0.16), 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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