TFPM vs. DLO
TFPM (Triple Flag Precious Metals Corp) and DLO (DLocal Limited) are both stocks. TFPM operates in Other Precious Metals & Mining (Basic Materials), while DLO operates in Software - Infrastructure (Technology). Over the past 3 years, TFPM returned 29.68%/yr vs 7.48%/yr for DLO. At a 0.13 correlation, their price movements are largely independent.
Performance
TFPM vs. DLO - Performance Comparison
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Returns By Period
In the year-to-date period, TFPM achieves a -15.14% return, which is significantly lower than DLO's 9.23% return.
TFPM
- 1D
- -1.44%
- 1M
- 0.36%
- 6M
- -19.69%
- YTD
- -15.14%
- 1Y
- 19.91%
- 3Y*
- 29.68%
- 5Y*
- —
- 10Y*
- —
DLO
- 1D
- 4.26%
- 1M
- 23.10%
- 6M
- 7.78%
- YTD
- 9.23%
- 1Y
- 40.67%
- 3Y*
- 7.48%
- 5Y*
- -20.08%
- 10Y*
- —
TFPM vs. DLO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
TFPM Triple Flag Precious Metals Corp | -15.14% | 123.03% | 14.60% | -1.81% | 14.71% | 32.61% |
DLO DLocal Limited | 9.23% | 31.72% | -36.35% | 13.62% | -56.37% | -37.03% |
Correlation
The correlation between TFPM and DLO 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 | 0.18 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2021 | 0.13 |
The correlation between TFPM and DLO shifts across timeframes, from 0.13 (all time) to 0.23 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
TFPM:
$5.81B
DLO:
$4.46B
TFPM:
$1.50
DLO:
$0.64
TFPM:
18.71
DLO:
23.71
TFPM:
0.14
DLO:
0.74
TFPM:
12.84
DLO:
3.76
TFPM:
2.70
DLO:
8.23
TFPM:
$453.24M
DLO:
$1.21B
TFPM:
$337.23M
DLO:
$436.56M
TFPM:
$354.95M
DLO:
$280.42M
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Return for Risk
TFPM vs. DLO — Risk / Return Rank
TFPM
DLO
TFPM vs. DLO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Triple Flag Precious Metals Corp (TFPM) and DLocal Limited (DLO). 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 | DLO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.15 | ||
| Sortino ratioReturn per unit of downside risk | -0.48 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.17 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.62 | 1.17 | -0.55 |
| Martin ratioReturn relative to average drawdown | 1.52 | 2.33 | -0.81 |
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Drawdowns
TFPM vs. DLO - Drawdown Comparison
The maximum TFPM drawdown since its inception was -36.48%, smaller than the maximum DLO drawdown of -89.99%. Use the drawdown chart below to compare losses from any high point for TFPM and DLO.
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Drawdown Indicators
| TFPM | DLO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.48% | -89.99% | +53.51% |
Max Drawdown (1Y)Largest decline over 1 year | -34.87% | -30.45% | -4.42% |
Max Drawdown (3Y)Largest decline over 3 years | -34.87% | -68.59% | +33.72% |
Max Drawdown (5Y)Largest decline over 5 years | — | -89.99% | — |
Current DrawdownCurrent decline from peak | -31.84% | -76.52% | +44.68% |
Average DrawdownAverage peak-to-trough decline | -13.65% | -70.30% | +56.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.19% | 15.34% | -1.15% |
Volatility
TFPM vs. DLO - Volatility Comparison
Triple Flag Precious Metals Corp (TFPM) and DLocal Limited (DLO) have volatilities of 15.53% and 15.39%, 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.
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Volatility by Period
| TFPM | DLO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.53% | 15.39% | +0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 35.31% | 36.05% | -0.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.54% | 56.14% | -11.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.68% | 73.39% | -35.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.68% | 73.52% | -35.84% |
Dividends
TFPM vs. DLO - Dividend Comparison
TFPM's dividend yield for the trailing twelve months is around 0.82%, less than DLO's 1.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
DLO DLocal Limited | 1.28% | 3.71% | 0.00% | 0.00% | 0.00% | 0.00% |
TFPM Triple Flag Precious Metals Corp | 0.82% | 0.68% | 1.43% | 1.54% | 1.07% | 0.39% |
Financials
TFPM vs. DLO - Financials Comparison
This section allows you to compare key financial metrics between Triple Flag Precious Metals Corp and DLocal Limited. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
TFPM vs. DLO - Profitability Comparison
TFPM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 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%.
DLO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, DLocal Limited reported a gross profit of 118.68M and revenue of 335.86M. Therefore, the gross margin over that period was 35.3%.
TFPM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 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%.
DLO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, DLocal Limited reported an operating income of 53.55M and revenue of 335.86M, resulting in an operating margin of 15.9%.
TFPM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 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%.
DLO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, DLocal Limited reported a net income of 41.98M and revenue of 335.86M, resulting in a net margin of 12.5%.
Frequently Asked Questions
TFPM and DLO 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.
TFPM has higher volatility (15.53%) compared to DLO (15.39%). In terms of maximum drawdown, TFPM dropped -36.48% vs DLO's -89.99%.
DLO currently has the higher Sharpe Ratio (0.64 vs 0.49), 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.
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