TFPM vs. AREC

Last updated Jun 13, 2026

TFPM (Triple Flag Precious Metals Corp) and AREC (American Resources Corporation) are both stocks. Both are in the Basic Materials sector — TFPM in Other Precious Metals & Mining, AREC in Coking Coal. Over the past 3 years, TFPM returned 28.25%/yr vs 6.33%/yr for AREC. At a 0.14 correlation, their price movements are largely independent.

Performance

TFPM vs. AREC - Performance Comparison

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

Returns By Period

In the year-to-date period, TFPM achieves a -11.94% return, which is significantly higher than AREC's -13.71% return.

TFPM

• 1D: 4.14%
• 1M: -17.89%
• YTD: -11.94%
• 6M: -15.62%
• 1Y: 19.91%
• 3Y*: 28.25%
• 5Y*: —
• 10Y*: —

AREC

• 1D: -1.38%
• 1M: -8.15%
• YTD: -13.71%
• 6M: -16.73%
• 1Y: 174.01%
• 3Y*: 6.33%
• 5Y*: -5.57%
• 10Y*: —

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

TFPM vs. AREC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
TFPM Triple Flag Precious Metals Corp	-11.94%	123.03%	14.60%	-1.81%	14.71%	32.61%
AREC American Resources Corporation	-13.71%	145.54%	-32.21%	12.88%	-26.67%	-2.70%

Correlation

The correlation between TFPM and AREC 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	0.15
Correlation (All Time) Calculated using the full available price history since Sep 30, 2021	0.14

Fundamentals

EPS TFPM : $1.51 AREC : -$0.45
PS Ratio TFPM : 13.23 AREC : 1.23K
Total Revenue (TTM) TFPM : $453.24M AREC : $145.03K
Gross Profit (TTM) TFPM : $337.23M AREC : $140.16K
EBITDA (TTM) TFPM : $354.95M AREC : -$22.47M

Return for Risk

TFPM vs. AREC — 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: 53
TFPM Omega Ratio Rank: 53
TFPM Calmar Ratio Rank: 56
TFPM Martin Ratio Rank: 60

AREC

AREC Risk / Return Rank: 78
AREC Sharpe Ratio Rank: 80
AREC Sortino Ratio Rank: 83
AREC Omega Ratio Rank: 78
AREC Calmar Ratio Rank: 80
AREC Martin Ratio Rank: 71

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. AREC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Triple Flag Precious Metals Corp (TFPM) and American Resources Corporation (AREC). 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.

	TFPM	AREC	Difference
Sharpe ratio: Return per unit of total volatility	0.46	1.30	-0.84
Sortino ratio: Return per unit of downside risk	0.86	2.39	-1.53
Omega ratio: Gain probability vs. loss probability	1.11	1.27	-0.16
Calmar ratio: Return relative to maximum drawdown	0.57	2.45	-1.88
Martin ratio: Return relative to average drawdown	1.64	3.66	-2.02

TFPM vs. AREC - Sharpe Ratio Comparison

The current TFPM Sharpe Ratio is 0.46, which is lower than the AREC Sharpe Ratio of 1.30. The chart below compares the historical Sharpe Ratios of TFPM and AREC, 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

TFPM vs. AREC - Drawdown Comparison

The maximum TFPM drawdown since its inception was -36.48%, smaller than the maximum AREC drawdown of -97.12%. Use the drawdown chart below to compare losses from any high point for TFPM and AREC.

Drawdown Indicators

	TFPM	AREC	Difference
Max Drawdown Largest peak-to-trough decline	-36.48%	-97.12%	+60.64%
Max Drawdown (1Y) Largest decline over 1 year	-34.87%	-71.51%	+36.64%
Max Drawdown (3Y) Largest decline over 3 years	-34.87%	-80.42%	+45.55%
Max Drawdown (5Y) Largest decline over 5 years	—	-88.07%	—
Current Drawdown Current decline from peak	-29.27%	-84.71%	+55.44%
Average Drawdown Average peak-to-trough decline	-13.43%	-79.71%	+66.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.18%	47.72%	-35.54%

Volatility

TFPM vs. AREC - Volatility Comparison

The current volatility for Triple Flag Precious Metals Corp (TFPM) is 15.92%, while American Resources Corporation (AREC) has a volatility of 31.24%. This indicates that TFPM experiences smaller price fluctuations and is considered to be less risky than AREC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TFPM	AREC	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.92%	31.24%	-15.32%
Volatility (6M) Calculated over the trailing 6-month period	34.29%	73.00%	-38.71%
Volatility (1Y) Calculated over the trailing 1-year period	43.51%	134.65%	-91.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.45%	107.04%	-69.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.45%	737.25%	-699.80%

Dividends

TFPM vs. AREC - Dividend Comparison

TFPM's dividend yield for the trailing twelve months is around 0.79%, while AREC has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
AREC American Resources Corporation	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TFPM Triple Flag Precious Metals Corp	0.79%	0.68%	1.43%	1.54%	1.07%	0.39%

Financials

Frequently Asked Questions

Can I hold both TFPM and AREC in my portfolio?

TFPM and AREC 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.

Which is riskier, TFPM or AREC?

AREC has higher volatility (31.24%) compared to TFPM (15.92%). In terms of maximum drawdown, TFPM dropped -36.48% vs AREC's -97.12%.

Which has better risk-adjusted returns?

AREC currently has the higher Sharpe Ratio (1.30 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.