MTA vs. SBSW

Last updated Apr 1, 2026

Compare and contrast key facts about Metalla Royalty & Streaming Ltd. (MTA) and Sibanye Stillwater Limited (SBSW).

Performance

MTA vs. SBSW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Metalla Royalty & Streaming Ltd. (MTA) and Sibanye Stillwater Limited (SBSW). The values are adjusted to include any dividend payments, if applicable.

MTA vs. SBSW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MTA Metalla Royalty & Streaming Ltd.	-14.78%	209.96%	-18.51%	-36.95%	-29.15%	-44.82%	133.14%	122.65%	20.19%	6.75%
SBSW Sibanye Stillwater Limited	-11.03%	331.82%	-39.23%	-46.54%	-9.57%	-12.44%	61.55%	250.88%	-41.72%	9.83%

Fundamentals

Market Cap MTA : $614.14M SBSW : $8.72B
EPS MTA : -$0.06 SBSW : -$17.51
PS Ratio MTA : 42.20 SBSW : 0.04
PB Ratio MTA : 1.78 SBSW : 0.22
Total Revenue (TTM) MTA : $14.66M SBSW : $238.26B
Gross Profit (TTM) MTA : $12.13M SBSW : $50.42B
EBITDA (TTM) MTA : $2.86M SBSW : $23.43B

Returns By Period

In the year-to-date period, MTA achieves a -14.78% return, which is significantly lower than SBSW's -11.03% return.

MTA

• 1D: 9.41%
• 1M: -26.74%
• YTD: -14.78%
• 6M: 4.41%
• 1Y: 131.82%
• 3Y*: 6.03%
• 5Y*: -6.27%
• 10Y*: —

SBSW

• 1D: 10.59%
• 1M: -28.41%
• YTD: -11.03%
• 6M: 12.79%
• 1Y: 176.81%
• 3Y*: 15.70%
• 5Y*: -4.03%
• 10Y*: 1.33%

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

Return for Risk

MTA vs. SBSW — Risk / Return Rank

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

MTA

MTA Risk / Return Rank: 91
MTA Sharpe Ratio Rank: 94
MTA Sortino Ratio Rank: 90
MTA Omega Ratio Rank: 87
MTA Calmar Ratio Rank: 90
MTA Martin Ratio Rank: 94

SBSW

SBSW Risk / Return Rank: 91
SBSW Sharpe Ratio Rank: 94
SBSW Sortino Ratio Rank: 88
SBSW Omega Ratio Rank: 88
SBSW Calmar Ratio Rank: 91
SBSW Martin Ratio Rank: 92

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.

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.

	MTA	SBSW	Difference
Sharpe ratio Return per unit of total volatility	2.46	2.45	+0.01
Sortino ratio Return per unit of downside risk	2.86	2.61	+0.25
Omega ratio Gain probability vs. loss probability	1.36	1.36	0.00
Calmar ratio Return relative to maximum drawdown	3.78	4.14	-0.37
Martin ratio Return relative to average drawdown	15.14	12.40	+2.74
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MTA vs. SBSW - Sharpe Ratio Comparison

The current MTA Sharpe Ratio is 2.46, which is comparable to the SBSW Sharpe Ratio of 2.45. The chart below compares the historical Sharpe Ratios of MTA and SBSW, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	MTA	SBSW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.46	2.45	+0.01
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.12	-0.07	-0.05
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.02	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.28	0.14	+0.14

Correlation

The correlation between MTA and SBSW is 0.41, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

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 2.66%.

	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	2.66%	0.00%	0.00%	6.98%	7.68%	13.34%	0.75%	0.00%	0.00%	2.68%	5.12%	3.05%

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.

Drawdown Indicators

	MTA	SBSW	Difference
Max Drawdown Largest peak-to-trough decline	-81.73%	-89.24%	+7.51%
Max Drawdown (1Y) Largest decline over 1 year	-33.04%	-45.72%	+12.68%
Max Drawdown (5Y) Largest decline over 5 years	-78.00%	-82.53%	+4.53%
Max Drawdown (10Y) Largest decline over 10 years	—	-89.24%	—
Current Drawdown Current decline from peak	-49.33%	-39.97%	-9.36%
Average Drawdown Average peak-to-trough decline	-41.29%	-48.34%	+7.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.24%	15.28%	-7.04%

Volatility

MTA vs. SBSW - Volatility Comparison

The current volatility for Metalla Royalty & Streaming Ltd. (MTA) is 20.25%, while Sibanye Stillwater Limited (SBSW) has a volatility of 23.56%. This indicates that MTA experiences smaller price fluctuations and is considered to be less risky than SBSW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MTA	SBSW	Difference
Volatility (1M) Calculated over the trailing 1-month period	20.25%	23.56%	-3.31%
Volatility (6M) Calculated over the trailing 6-month period	40.20%	52.93%	-12.73%
Volatility (1Y) Calculated over the trailing 1-year period	54.05%	72.76%	-18.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	53.32%	59.25%	-5.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	57.25%	64.19%	-6.94%

Financials

MTA vs. SBSW - Profitability Comparison

The chart below illustrates the profitability comparison between Metalla Royalty & Streaming Ltd. and Sibanye Stillwater Limited over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

MTA - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Metalla Royalty & Streaming Ltd. reported a gross profit of 3.89M and revenue of 4.63M. Therefore, the gross margin over that period was 84.1%.

SBSW - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 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 Apr 2026, Metalla Royalty & Streaming Ltd. reported an operating income of -2.13M and revenue of 4.63M, resulting in an operating margin of -46.0%.

SBSW - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 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 Apr 2026, Metalla Royalty & Streaming Ltd. reported a net income of -3.35M and revenue of 4.63M, resulting in a net margin of -72.3%.

SBSW - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Sibanye Stillwater Limited reported a net income of -1.51B and revenue of 71.36B, resulting in a net margin of -2.1%.