TFPM vs. NB

Last updated Jun 9, 2026

TFPM (Triple Flag Precious Metals Corp) and NB (NioCorp Developments Ltd. Common Stock) are both stocks. Both are in the Basic Materials sector — TFPM in Other Precious Metals & Mining, NB in Other Industrial Metals & Mining. Over the past 3 years, TFPM returned 27.53%/yr vs -0.07%/yr for NB. At a 0.23 correlation, their price movements are largely independent.

Performance

TFPM vs. NB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Triple Flag Precious Metals Corp (TFPM) and NioCorp Developments Ltd. Common Stock (NB). 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 NB's -5.85% return.

TFPM

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

NB

• 1D: -2.73%
• 1M: -18.06%
• YTD: -5.85%
• 6M: -24.74%
• 1Y: 92.66%
• 3Y*: -0.07%
• 5Y*: —
• 10Y*: —

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

TFPM vs. NB - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
TFPM Triple Flag Precious Metals Corp	-14.02%	123.03%	14.60%	7.78%
NB NioCorp Developments Ltd. Common Stock	-5.85%	241.94%	-51.41%	-57.86%

Correlation

The correlation between TFPM and NB is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.32
Correlation (3Y) Calculated over the trailing 3-year period	0.23
Correlation (All Time) Calculated using the full available price history since Mar 22, 2023	0.23

Fundamentals

Market Cap TFPM : $5.90B NB : $679.39M
EPS TFPM : $1.51 NB : -$0.52
PB Ratio TFPM : 2.74 NB : 1.56
Total Revenue (TTM) TFPM : $453.24M NB : $0.00
Gross Profit (TTM) TFPM : $337.23M NB : -$1.00K
EBITDA (TTM) TFPM : $354.95M NB : -$54.65M

Return for Risk

TFPM vs. NB — 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

NB

NB Risk / Return Rank: 68
NB Sharpe Ratio Rank: 69
NB Sortino Ratio Rank: 72
NB Omega Ratio Rank: 68
NB Calmar Ratio Rank: 69
NB Martin Ratio Rank: 63

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. NB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Triple Flag Precious Metals Corp (TFPM) and NioCorp Developments Ltd. Common Stock (NB). 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	NB	Difference
Sharpe ratio: Return per unit of total volatility	0.46	0.86	-0.39
Sortino ratio: Return per unit of downside risk	0.86	1.77	-0.91
Omega ratio: Gain probability vs. loss probability	1.11	1.21	-0.09
Calmar ratio: Return relative to maximum drawdown	0.63	1.45	-0.82
Martin ratio: Return relative to average drawdown	1.73	2.28	-0.55
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. NB - Sharpe Ratio Comparison

The current TFPM Sharpe Ratio is 0.46, which is lower than the NB Sharpe Ratio of 0.86. The chart below compares the historical Sharpe Ratios of TFPM and NB, 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	NB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.46	0.86	-0.39
Sharpe Ratio (All Time) Calculated using the full available price history	0.78	-0.13	+0.92

Drawdowns

TFPM vs. NB - Drawdown Comparison

The maximum TFPM drawdown since its inception was -36.48%, smaller than the maximum NB drawdown of -82.83%. Use the drawdown chart below to compare losses from any high point for TFPM and NB.

Drawdown Indicators

	TFPM	NB	Difference
Max Drawdown Largest peak-to-trough decline	-36.48%	-82.83%	+46.35%
Max Drawdown (1Y) Largest decline over 1 year	-31.43%	-64.10%	+32.67%
Max Drawdown (3Y) Largest decline over 3 years	-31.43%	-75.24%	+43.81%
Current Drawdown Current decline from peak	-30.94%	-57.24%	+26.30%
Average Drawdown Average peak-to-trough decline	-13.36%	-56.03%	+42.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.48%	40.72%	-29.24%

Volatility

TFPM vs. NB - Volatility Comparison

The current volatility for Triple Flag Precious Metals Corp (TFPM) is 16.15%, while NioCorp Developments Ltd. Common Stock (NB) has a volatility of 24.64%. This indicates that TFPM experiences smaller price fluctuations and is considered to be less risky than NB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TFPM	NB	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.15%	24.64%	-8.49%
Volatility (6M) Calculated over the trailing 6-month period	33.77%	65.98%	-32.21%
Volatility (1Y) Calculated over the trailing 1-year period	43.06%	108.94%	-65.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.37%	91.85%	-54.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.37%	91.85%	-54.48%

Dividends

TFPM vs. NB - Dividend Comparison

TFPM's dividend yield for the trailing twelve months is around 0.81%, while NB has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
NB NioCorp Developments Ltd. Common Stock	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TFPM Triple Flag Precious Metals Corp	0.81%	0.68%	1.43%	1.54%	1.07%	0.39%

Financials

Frequently Asked Questions

Can I hold both TFPM and NB in my portfolio?

TFPM and NB have a correlation of 0.32, 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 NB?

NB has higher volatility (24.64%) compared to TFPM (16.15%). In terms of maximum drawdown, TFPM dropped -36.48% vs NB's -82.83%.

Which has better risk-adjusted returns?

NB currently has the higher Sharpe Ratio (0.86 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.