TFPM vs. NEM
TFPM (Triple Flag Precious Metals Corp) and NEM (Newmont Corporation) are both stocks. Both are in the Basic Materials sector — TFPM in Other Precious Metals & Mining, NEM in Gold. Over the past 3 years, TFPM returned 31.23%/yr vs 33.89%/yr for NEM. Their 0.55 correlation means they have sometimes moved together and sometimes differently.
Performance
TFPM vs. NEM - Performance Comparison
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Returns By Period
In the year-to-date period, TFPM achieves a -13.12% return, which is significantly lower than NEM's -5.74% return.
TFPM
- 1D
- -2.94%
- 1M
- -4.67%
- 6M
- -14.41%
- YTD
- -13.12%
- 1Y
- 26.96%
- 3Y*
- 31.23%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 28.16%
NEM
- 1D
- -2.14%
- 1M
- 0.44%
- 6M
- -16.23%
- YTD
- -5.74%
- 1Y
- 52.51%
- 3Y*
- 33.89%
- 5Y*
- 11.52%
- 10Y*
- 10.07%
- ALL TIME*
- 4.83%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $671.95M | $683.19M | $803.32M | |
| $11.84M | $15.21M | $19.66M |
TFPM vs. NEM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
TFPM Triple Flag Precious Metals Corp | -13.12% | 123.03% | 14.60% | -1.81% | 14.71% | 32.61% |
NEM Newmont Corporation | -5.74% | 172.82% | -7.83% | -8.76% | -20.77% | 16.61% |
Correlation
The correlation between TFPM and NEM is 0.80, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.80 |
Correlation (3Y) Balances recent behavior with more history. | 0.69 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2021 | 0.55 |
Over the past year, TFPM and NEM have become more correlated (0.80) than their long-term average of 0.55, meaning their price movements have been converging.
Fundamentals
TFPM:
$5.94B
NEM:
$98.74B
TFPM:
$1.50
NEM:
$7.88
TFPM:
19.15
NEM:
11.89
TFPM:
0.15
NEM:
0.31
TFPM:
13.14
NEM:
5.34
TFPM:
2.77
NEM:
2.82
TFPM:
$453.24M
NEM:
$19.13B
TFPM:
$337.23M
NEM:
$10.94B
TFPM:
$354.95M
NEM:
$14.81B
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Return for Risk
TFPM vs. NEM — Risk / Return Rank
TFPM
NEM
TFPM vs. NEM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Triple Flag Precious Metals Corp (TFPM) and Newmont Corporation (NEM). 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 | NEM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.51 | ||
| Sortino ratioReturn per unit of downside risk | -0.52 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.21 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.78 | 1.64 | -0.87 |
| Martin ratioReturn relative to average drawdown | 1.68 | 3.61 | -1.94 |
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Drawdowns
TFPM vs. NEM - Drawdown Comparison
The maximum TFPM drawdown since its inception was -36.48%, smaller than the maximum NEM drawdown of -81.30%. Use the drawdown chart below to compare losses from any high point for TFPM and NEM.
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Drawdown Indicators
| TFPM | NEM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.48% | -81.30% | +44.82% |
Max Drawdown (1Y)Largest decline over 1 year | -34.87% | -32.10% | -2.77% |
Max Drawdown (3Y)Largest decline over 3 years | -34.87% | -36.57% | +1.70% |
Max Drawdown (5Y)Largest decline over 5 years | — | -62.40% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -62.40% | — |
Current DrawdownCurrent decline from peak | -30.22% | -28.67% | -1.55% |
Average DrawdownAverage peak-to-trough decline | -13.87% | -41.33% | +27.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.10% | 14.57% | +1.53% |
Volatility
TFPM vs. NEM - Volatility Comparison
Triple Flag Precious Metals Corp (TFPM) has a higher volatility of 12.21% compared to Newmont Corporation (NEM) at 11.58%. This indicates that TFPM's price experiences larger fluctuations and is considered to be riskier than NEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TFPM | NEM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.21% | 11.58% | +0.63% |
Volatility (6M)Calculated over the trailing 6-month period | 34.93% | 37.40% | -2.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.88% | 47.45% | -2.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.61% | 38.35% | -0.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.61% | 35.74% | +1.87% |
Dividends
TFPM vs. NEM - Dividend Comparison
TFPM's dividend yield for the trailing twelve months is around 0.80%, less than NEM's 1.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NEM Newmont Corporation | 1.09% | 1.00% | 2.69% | 3.87% | 4.66% | 3.55% | 1.74% | 3.31% | 1.62% | 0.67% | 0.37% | 0.56% |
TFPM Triple Flag Precious Metals Corp | 0.80% | 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. NEM - Financials Comparison
This section allows you to compare key financial metrics between Triple Flag Precious Metals Corp and Newmont Corporation. 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
Frequently Asked Questions
TFPM and NEM have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TFPM has higher volatility (12.21%) compared to NEM (11.58%). In terms of maximum drawdown, TFPM dropped -36.48% vs NEM's -81.30%.
NEM currently has the higher Sharpe Ratio (1.11 vs 0.60), 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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