TFPM vs. AGI

Last updated Jun 9, 2026

TFPM (Triple Flag Precious Metals Corp) and AGI (Alamos Gold Inc.) are both stocks. Both are in the Basic Materials sector — TFPM in Other Precious Metals & Mining, AGI in Gold. Over the past 3 years, TFPM returned 27.53%/yr vs 43.40%/yr for AGI. A 0.57 correlation means they provide meaningful diversification when combined.

Performance

TFPM vs. AGI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Triple Flag Precious Metals Corp (TFPM) and Alamos Gold Inc. (AGI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TFPM achieves a -14.02% return, which is significantly lower than AGI's -6.95% return.

TFPM

• 1D: 0.71%
• 1M: -14.55%
• YTD: -14.02%
• 6M: -11.74%
• 1Y: 19.81%
• 3Y*: 27.53%
• 5Y*: —
• 10Y*: —

AGI

• 1D: 0.99%
• 1M: -17.31%
• YTD: -6.95%
• 6M: 1.24%
• 1Y: 34.98%
• 3Y*: 43.40%
• 5Y*: 34.14%
• 10Y*: 17.17%

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

TFPM vs. AGI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
TFPM Triple Flag Precious Metals Corp	-14.02%	123.03%	14.60%	-1.81%	14.71%	33.50%
AGI Alamos Gold Inc.	-6.95%	109.93%	37.72%	34.33%	33.11%	7.17%

Correlation

The correlation between TFPM and AGI is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.79
Correlation (3Y) Calculated over the trailing 3-year period	0.71
Correlation (All Time) Calculated using the full available price history since Oct 1, 2021	0.57

Over the past year, TFPM and AGI have become more correlated (0.79) than their long-term average of 0.57, meaning their price movements have been converging.

Fundamentals

Market Cap TFPM : $5.90B AGI : $15.13B
EPS TFPM : $1.51 AGI : $2.52
PE Ratio TFPM : 18.82 AGI : 14.26
PEG Ratio TFPM : 0.15 AGI : 0.09
PS Ratio TFPM : 12.92 AGI : 7.33
PB Ratio TFPM : 2.74 AGI : 3.27
Total Revenue (TTM) TFPM : $453.24M AGI : $2.07B
Gross Profit (TTM) TFPM : $337.23M AGI : $1.22B
EBITDA (TTM) TFPM : $354.95M AGI : $1.43B

Return for Risk

TFPM vs. AGI — Risk / Return Rank

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

TFPM

TFPM Risk / Return Rank: 56
TFPM Sharpe Ratio Rank: 59
TFPM Sortino Ratio Rank: 52
TFPM Omega Ratio Rank: 53
TFPM Calmar Ratio Rank: 56
TFPM Martin Ratio Rank: 59

AGI

AGI Risk / Return Rank: 62
AGI Sharpe Ratio Rank: 65
AGI Sortino Ratio Rank: 59
AGI Omega Ratio Rank: 59
AGI Calmar Ratio Rank: 63
AGI Martin Ratio Rank: 66

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.

TFPM vs. AGI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Triple Flag Precious Metals Corp (TFPM) and Alamos Gold Inc. (AGI). 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.

	TFPM	AGI	Difference
Sharpe ratio: Return per unit of total volatility	0.46	0.69	-0.22
Sortino ratio: Return per unit of downside risk	0.86	1.16	-0.30
Omega ratio: Gain probability vs. loss probability	1.11	1.15	-0.04
Calmar ratio: Return relative to maximum drawdown	0.63	0.98	-0.35
Martin ratio: Return relative to average drawdown	1.73	2.65	-0.92
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TFPM vs. AGI - Sharpe Ratio Comparison

The current TFPM Sharpe Ratio is 0.46, which is lower than the AGI Sharpe Ratio of 0.69. The chart below compares the historical Sharpe Ratios of TFPM and AGI, 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

	TFPM	AGI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.46	0.69	-0.22
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.83	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.36	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.78	0.31	+0.47

Drawdowns

TFPM vs. AGI - Drawdown Comparison

The maximum TFPM drawdown since its inception was -36.48%, smaller than the maximum AGI drawdown of -88.13%. Use the drawdown chart below to compare losses from any high point for TFPM and AGI.

Drawdown Indicators

	TFPM	AGI	Difference
Max Drawdown Largest peak-to-trough decline	-36.48%	-88.13%	+51.65%
Max Drawdown (1Y) Largest decline over 1 year	-31.43%	-35.75%	+4.32%
Max Drawdown (3Y) Largest decline over 3 years	-31.43%	-35.75%	+4.32%
Max Drawdown (5Y) Largest decline over 5 years	—	-35.75%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-71.13%	—
Current Drawdown Current decline from peak	-30.94%	-35.12%	+4.18%
Average Drawdown Average peak-to-trough decline	-13.36%	-37.74%	+24.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.48%	13.23%	-1.75%

Volatility

TFPM vs. AGI - Volatility Comparison

Triple Flag Precious Metals Corp (TFPM) and Alamos Gold Inc. (AGI) have volatilities of 16.15% and 16.44%, 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

	TFPM	AGI	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.15%	16.44%	-0.29%
Volatility (6M) Calculated over the trailing 6-month period	33.77%	42.43%	-8.66%
Volatility (1Y) Calculated over the trailing 1-year period	43.06%	51.19%	-8.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.37%	41.28%	-3.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.37%	48.40%	-11.03%

Dividends

TFPM vs. AGI - Dividend Comparison

TFPM's dividend yield for the trailing twelve months is around 0.81%, more than AGI's 0.32% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AGI Alamos Gold Inc.	0.32%	0.26%	0.54%	0.74%	0.99%	1.30%	0.74%	0.66%	0.56%	0.31%	0.29%	1.22%
TFPM Triple Flag Precious Metals Corp	0.81%	0.68%	1.43%	1.54%	1.07%	0.39%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

TFPM vs. AGI - Profitability Comparison

The chart below illustrates the profitability comparison between Triple Flag Precious Metals Corp and Alamos Gold Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

TFPM - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Triple Flag Precious Metals Corp reported a gross profit of 104.35M and revenue of 144.96M. Therefore, the gross margin over that period was 72.0%.

AGI - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Alamos Gold Inc. reported a gross profit of 376.02M and revenue of 588.43M. Therefore, the gross margin over that period was 63.9%.

TFPM - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Triple Flag Precious Metals Corp reported an operating income of 97.00M and revenue of 144.96M, resulting in an operating margin of 66.9%.

AGI - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Alamos Gold Inc. reported an operating income of 337.66M and revenue of 588.43M, resulting in an operating margin of 57.4%.

TFPM - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Triple Flag Precious Metals Corp reported a net income of 115.31M and revenue of 144.96M, resulting in a net margin of 79.6%.

AGI - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Alamos Gold Inc. reported a net income of 188.75M and revenue of 588.43M, resulting in a net margin of 32.1%.

Frequently Asked Questions

Can I hold both TFPM and AGI in my portfolio?

TFPM and AGI have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TFPM or AGI?

AGI has higher volatility (16.44%) compared to TFPM (16.15%). In terms of maximum drawdown, TFPM dropped -36.48% vs AGI's -88.13%.

Which has better risk-adjusted returns?

AGI currently has the higher Sharpe Ratio (0.69 vs 0.46), 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.