MTRN vs. TMC

Last updated Aug 1, 2026

MTRN (Materion Corporation) and TMC (TMC the metals company Inc.) are both stocks. Both operate in the Other Industrial Metals & Mining industry within the Basic Materials sector. Over the past 3 years, MTRN returned 22.28%/yr vs 31.38%/yr for TMC. Their 0.24 correlation means their historical movements had little consistent relationship.

Performance

MTRN vs. TMC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Materion Corporation (MTRN) 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, MTRN achieves a 69.86% return, which is significantly higher than TMC's -42.30% return.

MTRN

• 1D: 1.31%
• 1M: -20.57%
• 6M: 52.71%
• YTD: 69.86%
• 1Y: 101.47%
• 3Y*: 22.28%
• 5Y*: 24.82%
• 10Y*: 23.90%
• ALL TIME*: 5.35%

TMC

• 1D: -1.66%
• 1M: -15.84%
• 6M: -46.22%
• YTD: -42.30%
• 1Y: -39.35%
• 3Y*: 31.38%
• 5Y*: —
• 10Y*: —
• ALL TIME*: -20.69%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
MTRN Materion Corporation	$88.74M	$82.40M	$86.86M
TMC TMC the metals company Inc.	$13.51M	$15.91M	$27.25M

MTRN vs. TMC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
MTRN Materion Corporation	69.86%	26.43%	-23.67%	49.41%	-4.25%	29.72%
TMC TMC the metals company Inc.	-42.30%	450.89%	1.82%	42.86%	-62.98%	-81.18%

Correlation

The correlation between MTRN and TMC is 0.30, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.30
Correlation (3Y) Balances recent behavior with more history.	0.27
Correlation (All Time) Calculated using the full available price history since Sep 10, 2021	0.24

Fundamentals

Market Cap MTRN : $4.39B TMC : $1.54B
EPS MTRN : $3.65 TMC : -$0.00
Total Revenue (TTM) MTRN : $1.91B TMC : $0.00
Gross Profit (TTM) MTRN : $305.29M TMC : -$136.00K
EBITDA (TTM) MTRN : $166.65M TMC : -$296.72M

Return for Risk

MTRN vs. TMC — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

MTRN

MTRN Risk / Return Rank: 89
MTRN Sharpe Ratio Rank: 93
MTRN Sortino Ratio Rank: 87
MTRN Omega Ratio Rank: 89
MTRN Calmar Ratio Rank: 85
MTRN Martin Ratio Rank: 93

TMC

TMC Risk / Return Rank: 26
TMC Sharpe Ratio Rank: 25
TMC Sortino Ratio Rank: 30
TMC Omega Ratio Rank: 30
TMC Calmar Ratio Rank: 22
TMC Martin Ratio Rank: 24

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

MTRN vs. TMC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Materion Corporation (MTRN) 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.

	MTRN	TMC	Difference
Sharpe ratio: Return per unit of total volatility	2.10	-0.43	+2.54
Sortino ratio: Return per unit of downside risk	2.47	-0.15	+2.61
Omega ratio: Gain probability vs. loss probability	1.35	0.98	+0.36
Calmar ratio: Return relative to maximum drawdown	2.80	-0.59	+3.39
Martin ratio: Return relative to average drawdown	11.62	-0.96	+12.58

MTRN vs. TMC - Sharpe Ratio Comparison

The current MTRN Sharpe Ratio is 2.10, which is higher than the TMC Sharpe Ratio of -0.43. The chart below compares the historical Sharpe Ratios of MTRN 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

MTRN vs. TMC - Drawdown Comparison

The maximum MTRN drawdown since its inception was -87.53%, smaller than the maximum TMC drawdown of -95.58%. Use the drawdown chart below to compare losses from any high point for MTRN and TMC.

Drawdown Indicators

	MTRN	TMC	Difference
Max Drawdown Largest peak-to-trough decline	-87.53%	-95.58%	+8.05%
Max Drawdown (1Y) Largest decline over 1 year	-36.33%	-67.73%	+31.40%
Max Drawdown (3Y) Largest decline over 3 years	-47.84%	-67.73%	+19.89%
Max Drawdown (5Y) Largest decline over 5 years	-47.84%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-61.99%	—	—
Current Drawdown Current decline from peak	-29.10%	-71.41%	+42.31%
Average Drawdown Average peak-to-trough decline	-39.58%	-79.08%	+39.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.72%	41.77%	-33.05%

Volatility

MTRN vs. TMC - Volatility Comparison

Materion Corporation (MTRN) has a higher volatility of 23.49% compared to TMC the metals company Inc. (TMC) at 18.46%. This indicates that MTRN's price experiences larger fluctuations and is considered to be riskier than TMC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MTRN	TMC	Difference
Volatility (1M) Calculated over the trailing 1-month period	23.49%	18.46%	+5.03%
Volatility (6M) Calculated over the trailing 6-month period	40.17%	57.34%	-17.17%
Volatility (1Y) Calculated over the trailing 1-year period	48.44%	92.81%	-44.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	42.76%	112.10%	-69.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	40.81%	112.10%	-71.29%

Dividends

MTRN vs. TMC - Dividend Comparison

MTRN's dividend yield for the trailing twelve months is around 0.27%, while TMC has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MTRN Materion Corporation	0.27%	0.45%	0.54%	0.40%	0.57%	0.52%	0.71%	0.73%	0.92%	0.81%	0.95%	1.27%
TMC TMC the metals company Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both MTRN and TMC in my portfolio?

MTRN and TMC have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MTRN or TMC?

MTRN has higher volatility (23.49%) compared to TMC (18.46%). In terms of maximum drawdown, MTRN dropped -87.53% vs TMC's -95.58%.

Which has better risk-adjusted returns?

MTRN currently has the higher Sharpe Ratio (2.10 vs -0.43), 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.