ORV.TO vs. TMQ.TO

Last updated Jun 4, 2026

ORV.TO (Orvana Minerals Corp.) and TMQ.TO (Trilogy Metals Inc.) are both stocks. Both are in the Basic Materials sector — ORV.TO in Other Precious Metals & Mining, TMQ.TO in Other Industrial Metals & Mining. Over the past 10 years, ORV.TO returned 25.83%/yr vs 24.84%/yr for TMQ.TO. At a 0.08 correlation, their price movements are largely independent.

Performance

ORV.TO vs. TMQ.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Orvana Minerals Corp. (ORV.TO) and Trilogy Metals Inc. (TMQ.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ORV.TO achieves a -10.00% return, which is significantly lower than TMQ.TO's 3.70% return. Both investments have delivered pretty close results over the past 10 years, with ORV.TO having a 25.83% annualized return and TMQ.TO not far behind at 24.84%.

ORV.TO

• 1D: -4.06%
• 1M: 14.55%
• YTD: -10.00%
• 6M: 6.78%
• 1Y: 225.86%
• 3Y*: 123.19%
• 5Y*: 37.11%
• 10Y*: 25.83%

TMQ.TO

• 1D: -6.81%
• 1M: 4.76%
• YTD: 3.70%
• 6M: -2.99%
• 1Y: 250.00%
• 3Y*: 107.45%
• 5Y*: 11.34%
• 10Y*: 24.84%

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

ORV.TO vs. TMQ.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ORV.TO Orvana Minerals Corp.	-10.00%	854.55%	46.67%	-26.83%	-33.87%	-10.14%	115.63%	6.67%	-37.50%	2.13%
TMQ.TO Trilogy Metals Inc.	3.70%	260.00%	184.48%	-20.55%	-65.57%	-16.54%	-24.85%	43.22%	69.78%	110.61%

Correlation

The correlation between ORV.TO and TMQ.TO is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.23
Correlation (3Y) Calculated over the trailing 3-year period	0.11
Correlation (5Y) Calculated over the trailing 5-year period	0.09
Correlation (10Y) Calculated over the trailing 10-year period	0.07
Correlation (All Time) Calculated using the full available price history since Apr 26, 2012	0.08

The correlation between ORV.TO and TMQ.TO shifts across timeframes, from 0.07 (10 years) to 0.23 (1 year), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap ORV.TO : CA$258.22M TMQ.TO : CA$1.06B
EPS ORV.TO : -CA$0.02 TMQ.TO : -CA$0.27
PB Ratio ORV.TO : 4.57 TMQ.TO : 8.72
Total Revenue (TTM) ORV.TO : CA$136.00M TMQ.TO : CA$0.00
Gross Profit (TTM) ORV.TO : CA$51.54M TMQ.TO : CA$0.00
EBITDA (TTM) ORV.TO : CA$20.40M TMQ.TO : -CA$11.46M

Return for Risk

ORV.TO vs. TMQ.TO — Risk / Return Rank

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

ORV.TO

ORV.TO Risk / Return Rank: 90
ORV.TO Sharpe Ratio Rank: 92
ORV.TO Sortino Ratio Rank: 87
ORV.TO Omega Ratio Rank: 85
ORV.TO Calmar Ratio Rank: 93
ORV.TO Martin Ratio Rank: 91

TMQ.TO

TMQ.TO Risk / Return Rank: 85
TMQ.TO Sharpe Ratio Rank: 73
TMQ.TO Sortino Ratio Rank: 96
TMQ.TO Omega Ratio Rank: 95
TMQ.TO Calmar Ratio Rank: 86
TMQ.TO Martin Ratio Rank: 77

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.

ORV.TO vs. TMQ.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Orvana Minerals Corp. (ORV.TO) and Trilogy Metals Inc. (TMQ.TO). 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.

	ORV.TO	TMQ.TO	Difference
Sharpe ratio Return per unit of total volatility	2.48	1.06	+1.42
Sortino ratio Return per unit of downside risk	2.95	4.51	-1.56
Omega ratio Gain probability vs. loss probability	1.36	1.57	-0.21
Calmar ratio Return relative to maximum drawdown	5.69	3.62	+2.07
Martin ratio Return relative to average drawdown	13.70	5.37	+8.33
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ORV.TO vs. TMQ.TO - Sharpe Ratio Comparison

The current ORV.TO Sharpe Ratio is 2.48, which is higher than the TMQ.TO Sharpe Ratio of 1.06. The chart below compares the historical Sharpe Ratios of ORV.TO and TMQ.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ORV.TO	TMQ.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.48	1.06	+1.42
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.45	0.08	+0.36
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.33	0.24	+0.09
Sharpe Ratio (All Time) Calculated using the full available price history	0.03	0.01	+0.02

Drawdowns

ORV.TO vs. TMQ.TO - Drawdown Comparison

The maximum ORV.TO drawdown since its inception was -99.45%, roughly equal to the maximum TMQ.TO drawdown of -95.35%. Use the drawdown chart below to compare losses from any high point for ORV.TO and TMQ.TO.

Drawdown Indicators

	ORV.TO	TMQ.TO	Difference
Max Drawdown Largest peak-to-trough decline	-99.45%	-95.35%	-4.10%
Max Drawdown (1Y) Largest decline over 1 year	-40.00%	-69.59%	+29.59%
Max Drawdown (3Y) Largest decline over 3 years	-48.84%	-69.59%	+20.75%
Max Drawdown (5Y) Largest decline over 5 years	-78.30%	-85.83%	+7.53%
Max Drawdown (10Y) Largest decline over 10 years	-78.30%	-87.47%	+9.17%
Current Drawdown Current decline from peak	-82.82%	-58.10%	-24.72%
Average Drawdown Average peak-to-trough decline	-82.43%	-68.50%	-13.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.56%	46.76%	-30.20%

Volatility

ORV.TO vs. TMQ.TO - Volatility Comparison

Orvana Minerals Corp. (ORV.TO) has a higher volatility of 33.25% compared to Trilogy Metals Inc. (TMQ.TO) at 21.33%. This indicates that ORV.TO's price experiences larger fluctuations and is considered to be riskier than TMQ.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ORV.TO	TMQ.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	33.25%	21.33%	+11.92%
Volatility (6M) Calculated over the trailing 6-month period	57.35%	57.40%	-0.05%
Volatility (1Y) Calculated over the trailing 1-year period	91.66%	236.89%	-145.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	88.29%	135.44%	-47.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	82.21%	106.21%	-24.00%

Dividends

ORV.TO vs. TMQ.TO - Dividend Comparison

Neither ORV.TO nor TMQ.TO has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both ORV.TO and TMQ.TO in my portfolio?

ORV.TO and TMQ.TO have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.