NEXA vs. TMC

Last updated Jun 23, 2026

NEXA (Nexa Resources S.A.) 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, NEXA returned 43.10%/yr vs 51.27%/yr for TMC. At a 0.18 correlation, their price movements are largely independent.

Performance

NEXA vs. TMC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nexa Resources S.A. (NEXA) 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, NEXA achieves a 57.63% return, which is significantly higher than TMC's -19.77% return.

NEXA

• 1D: -2.04%
• 1M: -3.59%
• YTD: 57.63%
• 6M: 58.52%
• 1Y: 199.36%
• 3Y*: 43.10%
• 5Y*: 11.67%
• 10Y*: —

TMC

• 1D: -3.51%
• 1M: -8.33%
• YTD: -19.77%
• 6M: -35.80%
• 1Y: -24.54%
• 3Y*: 51.27%
• 5Y*: —
• 10Y*: —

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

NEXA vs. TMC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
NEXA Nexa Resources S.A.	57.63%	2.67%	23.25%	22.07%	-20.07%	-5.30%
TMC TMC the metals company Inc.	-19.77%	450.89%	1.82%	42.86%	-62.98%	-81.18%

Correlation

The correlation between NEXA and TMC is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.31
Correlation (3Y) Calculated over the trailing 3-year period	0.18
Correlation (All Time) Calculated using the full available price history since Sep 10, 2021	0.18

The correlation between NEXA and TMC shifts across timeframes, from 0.18 (all time) to 0.31 (1 year), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap NEXA : $1.85B TMC : $1.59T
EPS NEXA : $1.59 TMC : -$0.00
Total Revenue (TTM) NEXA : $3.24B TMC : $0.00
Gross Profit (TTM) NEXA : $733.72M TMC : -$136.00K
EBITDA (TTM) NEXA : $1.10B TMC : -$296.72M

Return for Risk

NEXA vs. TMC — Risk / Return Rank

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

NEXA

NEXA Risk / Return Rank: 93
NEXA Sharpe Ratio Rank: 95
NEXA Sortino Ratio Rank: 90
NEXA Omega Ratio Rank: 91
NEXA Calmar Ratio Rank: 93
NEXA Martin Ratio Rank: 94

TMC

TMC Risk / Return Rank: 33
TMC Sharpe Ratio Rank: 31
TMC Sortino Ratio Rank: 38
TMC Omega Ratio Rank: 37
TMC Calmar Ratio Rank: 28
TMC Martin Ratio Rank: 30

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.

NEXA vs. TMC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nexa Resources S.A. (NEXA) 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.

	NEXA	TMC	Difference
Sharpe ratio: Return per unit of total volatility	3.06	-0.25	+3.31
Sortino ratio: Return per unit of downside risk	3.15	0.28	+2.87
Omega ratio: Gain probability vs. loss probability	1.44	1.03	+0.41
Calmar ratio: Return relative to maximum drawdown	5.38	-0.40	+5.78
Martin ratio: Return relative to average drawdown	16.73	-0.64	+17.36

NEXA vs. TMC - Sharpe Ratio Comparison

The current NEXA Sharpe Ratio is 3.06, which is higher than the TMC Sharpe Ratio of -0.25. The chart below compares the historical Sharpe Ratios of NEXA 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

NEXA vs. TMC - Drawdown Comparison

The maximum NEXA drawdown since its inception was -85.01%, smaller than the maximum TMC drawdown of -95.58%. Use the drawdown chart below to compare losses from any high point for NEXA and TMC.

Drawdown Indicators

	NEXA	TMC	Difference
Max Drawdown Largest peak-to-trough decline	-85.01%	-95.58%	+10.57%
Max Drawdown (1Y) Largest decline over 1 year	-37.31%	-61.65%	+24.34%
Max Drawdown (3Y) Largest decline over 3 years	-47.02%	-74.56%	+27.54%
Max Drawdown (5Y) Largest decline over 5 years	-62.86%	—	—
Current Drawdown Current decline from peak	-16.57%	-60.24%	+43.67%
Average Drawdown Average peak-to-trough decline	-51.26%	-79.35%	+28.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.97%	38.62%	-26.65%

Volatility

NEXA vs. TMC - Volatility Comparison

Nexa Resources S.A. (NEXA) and TMC the metals company Inc. (TMC) have volatilities of 22.41% and 23.43%, 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.

Volatility by Period

	NEXA	TMC	Difference
Volatility (1M) Calculated over the trailing 1-month period	22.41%	23.43%	-1.02%
Volatility (6M) Calculated over the trailing 6-month period	59.30%	66.92%	-7.62%
Volatility (1Y) Calculated over the trailing 1-year period	65.72%	97.03%	-31.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	57.61%	113.00%	-55.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	59.89%	113.00%	-53.11%

Dividends

NEXA vs. TMC - Dividend Comparison

Neither NEXA nor TMC has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
NEXA Nexa Resources S.A.	0.00%	1.14%	0.00%	2.64%	6.26%	3.36%	3.92%	6.46%	5.04%
TMC TMC the metals company Inc.	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 NEXA and TMC in my portfolio?

NEXA and TMC have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NEXA or TMC?

TMC has higher volatility (23.43%) compared to NEXA (22.41%). In terms of maximum drawdown, NEXA dropped -85.01% vs TMC's -95.58%.

Which has better risk-adjusted returns?

NEXA currently has the higher Sharpe Ratio (3.06 vs -0.25), 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.