TFPM vs. RGLD

Last updated Apr 1, 2026

Compare and contrast key facts about Triple Flag Precious Metals Corp (TFPM) and Royal Gold, Inc. (RGLD).

Performance

TFPM vs. RGLD - Performance Comparison

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

TFPM vs. RGLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
TFPM Triple Flag Precious Metals Corp	4.63%	123.03%	14.60%	-1.81%	14.71%	33.50%
RGLD Royal Gold, Inc.	14.73%	70.43%	10.39%	8.70%	8.51%	10.18%

Fundamentals

Market Cap TFPM : $7.19B RGLD : $20.53B
EPS TFPM : $1.18 RGLD : $8.08
PE Ratio TFPM : 29.51 RGLD : 31.51
PEG Ratio TFPM : 0.23 RGLD : 2.14
PS Ratio TFPM : 18.23 RGLD : 17.51
PB Ratio TFPM : 3.52 RGLD : 2.87
Total Revenue (TTM) TFPM : $390.53M RGLD : $1.03B
Gross Profit (TTM) TFPM : $282.81M RGLD : $504.63M
EBITDA (TTM) TFPM : $328.71M RGLD : $742.55M

Returns By Period

In the year-to-date period, TFPM achieves a 4.63% return, which is significantly lower than RGLD's 14.73% return.

TFPM

• 1D: 5.60%
• 1M: -15.96%
• YTD: 4.63%
• 6M: 19.00%
• 1Y: 82.66%
• 3Y*: 34.04%
• 5Y*: —
• 10Y*: —

RGLD

• 1D: 6.59%
• 1M: -15.11%
• YTD: 14.73%
• 6M: 27.44%
• 1Y: 57.14%
• 3Y*: 26.67%
• 5Y*: 19.30%
• 10Y*: 18.65%

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

Return for Risk

TFPM vs. RGLD — Risk / Return Rank

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

TFPM

TFPM Risk / Return Rank: 87
TFPM Sharpe Ratio Rank: 90
TFPM Sortino Ratio Rank: 83
TFPM Omega Ratio Rank: 83
TFPM Calmar Ratio Rank: 87
TFPM Martin Ratio Rank: 90

RGLD

RGLD Risk / Return Rank: 80
RGLD Sharpe Ratio Rank: 84
RGLD Sortino Ratio Rank: 77
RGLD Omega Ratio Rank: 78
RGLD Calmar Ratio Rank: 78
RGLD Martin Ratio Rank: 82

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. RGLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Triple Flag Precious Metals Corp (TFPM) and Royal Gold, Inc. (RGLD). 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	RGLD	Difference
Sharpe ratio Return per unit of total volatility	1.93	1.45	+0.47
Sortino ratio Return per unit of downside risk	2.24	1.88	+0.37
Omega ratio Gain probability vs. loss probability	1.31	1.26	+0.05
Calmar ratio Return relative to maximum drawdown	3.09	2.00	+1.09
Martin ratio Return relative to average drawdown	10.58	6.42	+4.16
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. RGLD - Sharpe Ratio Comparison

The current TFPM Sharpe Ratio is 1.93, which is higher than the RGLD Sharpe Ratio of 1.45. The chart below compares the historical Sharpe Ratios of TFPM and RGLD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	TFPM	RGLD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.93	1.45	+0.47
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.63	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.55	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.98	0.18	+0.80

Correlation

The correlation between TFPM and RGLD is 0.55, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

TFPM vs. RGLD - Dividend Comparison

TFPM's dividend yield for the trailing twelve months is around 0.66%, less than RGLD's 0.72% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TFPM Triple Flag Precious Metals Corp	0.66%	0.68%	1.43%	1.54%	1.07%	0.39%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
RGLD Royal Gold, Inc.	0.72%	0.81%	1.21%	1.24%	1.24%	1.14%	1.05%	0.87%	1.17%	1.17%	1.45%	1.81%

Drawdowns

TFPM vs. RGLD - Drawdown Comparison

The maximum TFPM drawdown since its inception was -36.48%, smaller than the maximum RGLD drawdown of -98.29%. Use the drawdown chart below to compare losses from any high point for TFPM and RGLD.

Drawdown Indicators

	TFPM	RGLD	Difference
Max Drawdown Largest peak-to-trough decline	-36.48%	-98.29%	+61.81%
Max Drawdown (1Y) Largest decline over 1 year	-26.03%	-29.27%	+3.24%
Max Drawdown (5Y) Largest decline over 5 years	—	-40.73%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-49.55%	—
Current Drawdown Current decline from peak	-15.96%	-16.37%	+0.41%
Average Drawdown Average peak-to-trough decline	-13.09%	-29.87%	+16.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.60%	9.10%	-1.50%

Volatility

TFPM vs. RGLD - Volatility Comparison

The current volatility for Triple Flag Precious Metals Corp (TFPM) is 15.78%, while Royal Gold, Inc. (RGLD) has a volatility of 16.92%. This indicates that TFPM experiences smaller price fluctuations and is considered to be less risky than RGLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TFPM	RGLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.78%	16.92%	-1.14%
Volatility (6M) Calculated over the trailing 6-month period	34.55%	32.30%	+2.25%
Volatility (1Y) Calculated over the trailing 1-year period	43.13%	39.50%	+3.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.05%	31.04%	+6.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.05%	33.83%	+3.22%

Financials

TFPM vs. RGLD - Profitability Comparison

The chart below illustrates the profitability comparison between Triple Flag Precious Metals Corp and Royal Gold, Inc. 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 Apr 2026, Triple Flag Precious Metals Corp reported a gross profit of 87.85M and revenue of 120.74M. Therefore, the gross margin over that period was 72.8%.

RGLD - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Royal Gold, Inc. reported a gross profit of 0.00 and revenue of 375.32M. Therefore, the gross margin over that period was 0.0%.

TFPM - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Triple Flag Precious Metals Corp reported an operating income of 76.56M and revenue of 120.74M, resulting in an operating margin of 63.4%.

RGLD - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Royal Gold, Inc. reported an operating income of 198.07M and revenue of 375.32M, resulting in an operating margin of 52.8%.

TFPM - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Triple Flag Precious Metals Corp reported a net income of 78.01M and revenue of 120.74M, resulting in a net margin of 64.6%.

RGLD - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Royal Gold, Inc. reported a net income of 199.04M and revenue of 375.32M, resulting in a net margin of 53.0%.