SGML vs. TMC

Last updated Jun 4, 2026

SGML (Sigma Lithium Resources Corp) 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, SGML returned -27.49%/yr vs 109.51%/yr for TMC. At a 0.17 correlation, their price movements are largely independent.

Performance

SGML vs. TMC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Sigma Lithium Resources Corp (SGML) 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, SGML achieves a 14.94% return, which is significantly higher than TMC's -0.81% return.

SGML

• 1D: -8.01%
• 1M: -32.83%
• YTD: 14.94%
• 6M: 51.15%
• 1Y: 202.59%
• 3Y*: -27.49%
• 5Y*: —
• 10Y*: —

TMC

• 1D: -5.70%
• 1M: 17.92%
• YTD: -0.81%
• 6M: -20.73%
• 1Y: 45.37%
• 3Y*: 109.51%
• 5Y*: —
• 10Y*: —

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

SGML vs. TMC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
SGML Sigma Lithium Resources Corp	14.94%	17.56%	-64.41%	11.73%	171.09%	28.52%
TMC TMC the metals company Inc.	-0.81%	450.89%	1.82%	42.86%	-62.98%	-83.29%

Correlation

The correlation between SGML and TMC is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.30
Correlation (3Y) Calculated over the trailing 3-year period	0.19
Correlation (All Time) Calculated using the full available price history since Sep 14, 2021	0.17

The correlation between SGML and TMC shifts across timeframes, from 0.17 (all time) to 0.29 (1 year), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap SGML : $1.69B TMC : $1.97T
EPS SGML : -$0.39 TMC : -$0.00
Total Revenue (TTM) SGML : $104.10M TMC : $0.00
Gross Profit (TTM) SGML : $28.12M TMC : -$136.00K
EBITDA (TTM) SGML : $5.88M TMC : -$296.72M

Return for Risk

SGML vs. TMC — Risk / Return Rank

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

SGML

SGML Risk / Return Rank: 84
SGML Sharpe Ratio Rank: 64
SGML Sortino Ratio Rank: 91
SGML Omega Ratio Rank: 93
SGML Calmar Ratio Rank: 83
SGML Martin Ratio Rank: 87

TMC

TMC Risk / Return Rank: 57
TMC Sharpe Ratio Rank: 56
TMC Sortino Ratio Rank: 63
TMC Omega Ratio Rank: 58
TMC Calmar Ratio Rank: 56
TMC Martin Ratio Rank: 53

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.

SGML vs. TMC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sigma Lithium Resources Corp (SGML) 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.

	SGML	TMC	Difference
Sharpe ratio: Return per unit of total volatility	0.72	0.44	+0.28
Sortino ratio: Return per unit of downside risk	3.38	1.44	+1.94
Omega ratio: Gain probability vs. loss probability	1.53	1.16	+0.37
Calmar ratio: Return relative to maximum drawdown	3.16	0.74	+2.42
Martin ratio: Return relative to average drawdown	9.77	1.23	+8.54
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SGML vs. TMC - Sharpe Ratio Comparison

The current SGML Sharpe Ratio is 0.72, which is higher than the TMC Sharpe Ratio of 0.44. The chart below compares the historical Sharpe Ratios of SGML 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.

Sharpe Ratios by Period

	SGML	TMC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.72	0.44	+0.28
Sharpe Ratio (All Time) Calculated using the full available price history	0.10	-0.08	+0.18

Drawdowns

SGML vs. TMC - Drawdown Comparison

The maximum SGML drawdown since its inception was -89.91%, smaller than the maximum TMC drawdown of -95.58%. Use the drawdown chart below to compare losses from any high point for SGML and TMC.

Drawdown Indicators

	SGML	TMC	Difference
Max Drawdown Largest peak-to-trough decline	-89.91%	-95.58%	+5.67%
Max Drawdown (1Y) Largest decline over 1 year	-64.56%	-61.65%	-2.91%
Max Drawdown (3Y) Largest decline over 3 years	-89.75%	-74.56%	-15.19%
Current Drawdown Current decline from peak	-64.25%	-50.84%	-13.41%
Average Drawdown Average peak-to-trough decline	-42.97%	-79.62%	+36.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	20.83%	36.96%	-16.13%

Volatility

SGML vs. TMC - Volatility Comparison

Sigma Lithium Resources Corp (SGML) and TMC the metals company Inc. (TMC) have volatilities of 24.63% and 24.46%, 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

	SGML	TMC	Difference
Volatility (1M) Calculated over the trailing 1-month period	24.63%	24.46%	+0.17%
Volatility (6M) Calculated over the trailing 6-month period	221.92%	69.15%	+152.77%
Volatility (1Y) Calculated over the trailing 1-year period	283.19%	103.69%	+179.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	143.56%	113.08%	+30.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	143.56%	113.08%	+30.48%

Dividends

SGML vs. TMC - Dividend Comparison

Neither SGML nor TMC has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both SGML and TMC in my portfolio?

SGML and TMC have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SGML or TMC?

SGML has higher volatility (24.63%) compared to TMC (24.46%). In terms of maximum drawdown, SGML dropped -89.91% vs TMC's -95.58%.

Which has better risk-adjusted returns?

SGML currently has the higher Sharpe Ratio (0.72 vs 0.44), 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.