TFPM vs. SHOP
TFPM (Triple Flag Precious Metals Corp) and SHOP (Shopify Inc.) are both stocks. TFPM operates in Other Precious Metals & Mining (Basic Materials), while SHOP operates in Software - Application (Technology). Over the past 3 years, TFPM returned 31.23%/yr vs 20.20%/yr for SHOP. Their 0.10 correlation means their historical movements had little consistent relationship.
Performance
TFPM vs. SHOP - Performance Comparison
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Returns By Period
In the year-to-date period, TFPM achieves a -13.12% return, which is significantly higher than SHOP's -27.22% 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%
SHOP
- 1D
- -4.29%
- 1M
- -3.68%
- 6M
- -10.73%
- YTD
- -27.22%
- 1Y
- -4.14%
- 3Y*
- 20.20%
- 5Y*
- -4.82%
- 10Y*
- 42.67%
- ALL TIME*
- 39.59%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
SHOP Shopify Inc. | $1.12B | $980.06M | $1.18B |
| $11.84M | $15.21M | $19.66M |
TFPM vs. SHOP - 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% |
SHOP Shopify Inc. | -27.22% | 51.39% | 36.50% | 124.43% | -74.80% | 2.29% |
Correlation
The correlation between TFPM and SHOP is 0.21, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.21 |
Correlation (3Y) Balances recent behavior with more history. | 0.12 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2021 | 0.10 |
The correlation between TFPM and SHOP shifts across timeframes, from 0.10 (all time) to 0.21 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
TFPM:
$5.94B
SHOP:
$152.02B
TFPM:
$1.50
SHOP:
$1.02
TFPM:
19.15
SHOP:
114.96
TFPM:
0.15
SHOP:
0.22
TFPM:
13.14
SHOP:
16.65
TFPM:
2.77
SHOP:
12.21
TFPM:
$453.24M
SHOP:
$9.20B
TFPM:
$337.23M
SHOP:
$5.93B
TFPM:
$354.95M
SHOP:
$1.60B
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Return for Risk
TFPM vs. SHOP — Risk / Return Rank
TFPM
SHOP
TFPM vs. SHOP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Triple Flag Precious Metals Corp (TFPM) and Shopify Inc. (SHOP). 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 | SHOP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.67 | ||
| Sortino ratioReturn per unit of downside risk | +0.72 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.04 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 0.78 | -0.09 | +0.87 |
| Martin ratioReturn relative to average drawdown | 1.68 | -0.16 | +1.84 |
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Drawdowns
TFPM vs. SHOP - Drawdown Comparison
The maximum TFPM drawdown since its inception was -36.48%, smaller than the maximum SHOP drawdown of -84.82%. Use the drawdown chart below to compare losses from any high point for TFPM and SHOP.
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Drawdown Indicators
| TFPM | SHOP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.48% | -84.82% | +48.34% |
Max Drawdown (1Y)Largest decline over 1 year | -34.87% | -46.71% | +11.84% |
Max Drawdown (3Y)Largest decline over 3 years | -34.87% | -46.71% | +11.84% |
Max Drawdown (5Y)Largest decline over 5 years | — | -84.82% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -84.82% | — |
Current DrawdownCurrent decline from peak | -30.22% | -34.56% | +4.34% |
Average DrawdownAverage peak-to-trough decline | -13.87% | -28.29% | +14.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.10% | 25.40% | -9.30% |
Volatility
TFPM vs. SHOP - Volatility Comparison
The current volatility for Triple Flag Precious Metals Corp (TFPM) is 12.21%, while Shopify Inc. (SHOP) has a volatility of 16.38%. This indicates that TFPM experiences smaller price fluctuations and is considered to be less risky than SHOP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TFPM | SHOP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.21% | 16.38% | -4.17% |
Volatility (6M)Calculated over the trailing 6-month period | 34.93% | 45.57% | -10.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.88% | 58.84% | -13.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.61% | 65.90% | -28.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.61% | 59.22% | -21.61% |
Dividends
TFPM vs. SHOP - Dividend Comparison
TFPM's dividend yield for the trailing twelve months is around 0.80%, while SHOP has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
SHOP Shopify Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TFPM Triple Flag Precious Metals Corp | 0.80% | 0.68% | 1.43% | 1.54% | 1.07% | 0.39% |
Financials
TFPM vs. SHOP - Financials Comparison
This section allows you to compare key financial metrics between Triple Flag Precious Metals Corp and Shopify Inc.. 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 SHOP have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SHOP has higher volatility (16.38%) compared to TFPM (12.21%). In terms of maximum drawdown, TFPM dropped -36.48% vs SHOP's -84.82%.
TFPM currently has the higher Sharpe Ratio (0.60 vs -0.07), 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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