TFPM vs. IAG

Last updated Jun 3, 2026

TFPM (Triple Flag Precious Metals Corp) and IAG (IAMGOLD Corporation) are both stocks. Both are in the Basic Materials sector — TFPM in Other Precious Metals & Mining, IAG in Gold. Over the past 3 years, TFPM returned 31.14%/yr vs 83.30%/yr for IAG. A 0.53 correlation means they provide meaningful diversification when combined.

Performance

TFPM vs. IAG - Performance Comparison

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

Returns By Period

In the year-to-date period, TFPM achieves a -6.59% return, which is significantly lower than IAG's 6.06% return.

TFPM

• 1D: 1.74%
• 1M: -1.72%
• YTD: -6.59%
• 6M: -4.85%
• 1Y: 35.19%
• 3Y*: 31.14%
• 5Y*: —
• 10Y*: —

IAG

• 1D: 0.69%
• 1M: 5.42%
• YTD: 6.06%
• 6M: 16.76%
• 1Y: 134.14%
• 3Y*: 83.30%
• 5Y*: 36.80%
• 10Y*: 16.62%

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

TFPM vs. IAG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
TFPM Triple Flag Precious Metals Corp	-6.59%	123.03%	14.60%	-1.81%	14.71%	33.50%
IAG IAMGOLD Corporation	6.06%	219.57%	103.95%	-1.94%	-17.57%	38.50%

Correlation

The correlation between TFPM and IAG is 0.77, 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	0.77
Correlation (3Y) Calculated over the trailing 3-year period	0.68
Correlation (All Time) Calculated using the full available price history since Oct 1, 2021	0.53

Over the past year, TFPM and IAG have become more correlated (0.77) than their long-term average of 0.53, meaning their price movements have been converging.

Fundamentals

Market Cap TFPM : $6.41B IAG : $10.39B
EPS TFPM : $1.51 IAG : $1.73
PE Ratio TFPM : 20.45 IAG : 10.11
PEG Ratio TFPM : 0.16 IAG : 0.06
PS Ratio TFPM : 14.03 IAG : 2.99
PB Ratio TFPM : 2.97 IAG : 2.40
Total Revenue (TTM) TFPM : $453.24M IAG : $3.42B
Gross Profit (TTM) TFPM : $337.23M IAG : $1.64B
EBITDA (TTM) TFPM : $354.95M IAG : $1.97B

Return for Risk

TFPM vs. IAG — Risk / Return Rank

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

TFPM

TFPM Risk / Return Rank: 65
TFPM Sharpe Ratio Rank: 66
TFPM Sortino Ratio Rank: 59
TFPM Omega Ratio Rank: 59
TFPM Calmar Ratio Rank: 70
TFPM Martin Ratio Rank: 70

IAG

IAG Risk / Return Rank: 87
IAG Sharpe Ratio Rank: 90
IAG Sortino Ratio Rank: 83
IAG Omega Ratio Rank: 83
IAG Calmar Ratio Rank: 89
IAG Martin Ratio Rank: 88

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. IAG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Triple Flag Precious Metals Corp (TFPM) and IAMGOLD Corporation (IAG). 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	IAG	Difference
Sharpe ratio Return per unit of total volatility	0.83	2.24	-1.40
Sortino ratio Return per unit of downside risk	1.26	2.58	-1.32
Omega ratio Gain probability vs. loss probability	1.17	1.34	-0.18
Calmar ratio Return relative to maximum drawdown	1.61	4.48	-2.87
Martin ratio Return relative to average drawdown	3.87	10.64	-6.77
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. IAG - Sharpe Ratio Comparison

The current TFPM Sharpe Ratio is 0.83, which is lower than the IAG Sharpe Ratio of 2.24. The chart below compares the historical Sharpe Ratios of TFPM and IAG, 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	IAG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.83	2.24	-1.40
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.61	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.29	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.85	0.11	+0.74

Drawdowns

TFPM vs. IAG - Drawdown Comparison

The maximum TFPM drawdown since its inception was -36.48%, smaller than the maximum IAG drawdown of -95.55%. Use the drawdown chart below to compare losses from any high point for TFPM and IAG.

Drawdown Indicators

	TFPM	IAG	Difference
Max Drawdown Largest peak-to-trough decline	-36.48%	-95.55%	+59.07%
Max Drawdown (1Y) Largest decline over 1 year	-26.26%	-34.60%	+8.34%
Max Drawdown (3Y) Largest decline over 3 years	-26.26%	-34.60%	+8.34%
Max Drawdown (5Y) Largest decline over 5 years	—	-74.25%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-86.46%	—
Current Drawdown Current decline from peak	-24.98%	-28.82%	+3.84%
Average Drawdown Average peak-to-trough decline	-13.31%	-56.22%	+42.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.89%	14.56%	-3.67%

Volatility

TFPM vs. IAG - Volatility Comparison

The current volatility for Triple Flag Precious Metals Corp (TFPM) is 14.96%, while IAMGOLD Corporation (IAG) has a volatility of 19.30%. This indicates that TFPM experiences smaller price fluctuations and is considered to be less risky than IAG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TFPM	IAG	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.96%	19.30%	-4.34%
Volatility (6M) Calculated over the trailing 6-month period	32.90%	47.00%	-14.10%
Volatility (1Y) Calculated over the trailing 1-year period	42.83%	60.94%	-18.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.24%	60.26%	-23.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.24%	58.52%	-21.28%

Dividends

TFPM vs. IAG - Dividend Comparison

TFPM's dividend yield for the trailing twelve months is around 0.74%, while IAG has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
IAG IAMGOLD Corporation	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TFPM Triple Flag Precious Metals Corp	0.74%	0.68%	1.43%	1.54%	1.07%	0.39%

Financials

TFPM vs. IAG - Profitability Comparison

The chart below illustrates the profitability comparison between Triple Flag Precious Metals Corp and IAMGOLD Corporation 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%.

IAG - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, IAMGOLD Corporation reported a gross profit of 570.70M and revenue of 1.03B. Therefore, the gross margin over that period was 55.4%.

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%.

IAG - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, IAMGOLD Corporation reported an operating income of 544.70M and revenue of 1.03B, resulting in an operating margin of 52.9%.

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%.

IAG - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, IAMGOLD Corporation reported a net income of 379.70M and revenue of 1.03B, resulting in a net margin of 36.9%.

Frequently Asked Questions

Can I hold both TFPM and IAG in my portfolio?

TFPM and IAG have a correlation of 0.77, 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 IAG?

IAG has higher volatility (19.30%) compared to TFPM (14.96%). In terms of maximum drawdown, TFPM dropped -36.48% vs IAG's -95.55%.

Which has better risk-adjusted returns?

IAG currently has the higher Sharpe Ratio (2.24 vs 0.83), 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.