TLO.TO vs. LUN.TO
TLO.TO (Talon Metals Corp.) and LUN.TO (Lundin Mining Corporation) are both stocks. Both are in the Basic Materials sector — TLO.TO in Other Industrial Metals & Mining, LUN.TO in Copper. Over the past 10 years, TLO.TO returned 22.58%/yr vs 28.49%/yr for LUN.TO. At a 0.09 correlation, their price movements are largely independent.
Performance
TLO.TO vs. LUN.TO - Performance Comparison
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Returns By Period
In the year-to-date period, TLO.TO achieves a 8.50% return, which is significantly lower than LUN.TO's 43.49% return. Over the past 10 years, TLO.TO has underperformed LUN.TO with an annualized return of 22.58%, while LUN.TO has yielded a comparatively higher 28.49% annualized return.
TLO.TO
- 1D
- -6.33%
- 1M
- -5.38%
- YTD
- 8.50%
- 6M
- 37.05%
- 1Y
- 225.50%
- 3Y*
- 28.06%
- 5Y*
- -0.27%
- 10Y*
- 22.58%
LUN.TO
- 1D
- -4.10%
- 1M
- 25.90%
- YTD
- 43.49%
- 6M
- 58.11%
- 1Y
- 215.52%
- 3Y*
- 64.72%
- 5Y*
- 30.96%
- 10Y*
- 28.49%
TLO.TO vs. LUN.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TLO.TO Talon Metals Corp. | 8.50% | 566.67% | -50.00% | -63.64% | -18.85% | 19.61% | 240.00% | 100.00% | 36.36% | -15.38% |
LUN.TO Lundin Mining Corporation | 43.49% | 141.31% | 17.72% | 35.67% | -11.74% | -9.34% | 49.12% | 40.12% | -31.40% | 32.67% |
Correlation
The correlation between TLO.TO and LUN.TO is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Apr 14, 2005 | 0.09 |
Over the past year, TLO.TO and LUN.TO have become more correlated (0.35) than their long-term average of 0.09, meaning their price movements have been converging.
Fundamentals
TLO.TO:
CA$1.04B
LUN.TO:
CA$36.40B
TLO.TO:
-CA$0.02
LUN.TO:
CA$1.69
TLO.TO:
12.34
LUN.TO:
9.00
TLO.TO:
2.07
LUN.TO:
5.31
TLO.TO:
CA$64.40M
LUN.TO:
CA$4.04B
TLO.TO:
CA$3.41M
LUN.TO:
CA$1.55B
TLO.TO:
CA$7.82M
LUN.TO:
CA$1.92B
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Return for Risk
TLO.TO vs. LUN.TO — Risk / Return Rank
TLO.TO
LUN.TO
TLO.TO vs. LUN.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Talon Metals Corp. (TLO.TO) and Lundin Mining Corporation (LUN.TO). 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.
| TLO.TO | LUN.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.33 | 4.24 | -1.92 |
Sortino ratioReturn per unit of downside risk | 3.20 | 4.07 | -0.88 |
Omega ratioGain probability vs. loss probability | 1.35 | 1.54 | -0.19 |
Calmar ratioReturn relative to maximum drawdown | 6.77 | 6.44 | +0.33 |
Martin ratioReturn relative to average drawdown | 14.71 | 21.68 | -6.96 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TLO.TO | LUN.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.33 | 4.24 | -1.92 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.00 | 0.68 | -0.68 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.25 | 0.63 | -0.38 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.02 | 0.00 | -0.03 |
Drawdowns
TLO.TO vs. LUN.TO - Drawdown Comparison
The maximum TLO.TO drawdown since its inception was -98.12%, roughly equal to the maximum LUN.TO drawdown of -95.33%. Use the drawdown chart below to compare losses from any high point for TLO.TO and LUN.TO.
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Drawdown Indicators
| TLO.TO | LUN.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.12% | -95.33% | -2.79% |
Max Drawdown (1Y)Largest decline over 1 year | -33.52% | -33.67% | +0.15% |
Max Drawdown (3Y)Largest decline over 3 years | -78.75% | -47.11% | -31.64% |
Max Drawdown (5Y)Largest decline over 5 years | -91.18% | -53.91% | -37.27% |
Max Drawdown (10Y)Largest decline over 10 years | -91.28% | -57.61% | -33.67% |
Current DrawdownCurrent decline from peak | -75.50% | -4.69% | -70.81% |
Average DrawdownAverage peak-to-trough decline | -80.78% | -48.28% | -32.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.41% | 9.99% | +5.42% |
Volatility
TLO.TO vs. LUN.TO - Volatility Comparison
Talon Metals Corp. (TLO.TO) has a higher volatility of 19.13% compared to Lundin Mining Corporation (LUN.TO) at 16.29%. This indicates that TLO.TO's price experiences larger fluctuations and is considered to be riskier than LUN.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TLO.TO | LUN.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.13% | 16.29% | +2.84% |
Volatility (6M)Calculated over the trailing 6-month period | 62.42% | 42.34% | +20.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 97.64% | 51.12% | +46.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 77.89% | 45.86% | +32.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 102.04% | 45.78% | +56.26% |
Dividends
TLO.TO vs. LUN.TO - Dividend Comparison
TLO.TO has not paid dividends to shareholders, while LUN.TO's dividend yield for the trailing twelve months is around 0.26%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
LUN.TO Lundin Mining Corporation | 0.26% | 0.59% | 3.64% | 3.32% | 5.66% | 3.95% | 1.42% | 1.55% | 2.13% | 1.44% |
TLO.TO Talon Metals Corp. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
TLO.TO vs. LUN.TO - Financials Comparison
This section allows you to compare key financial metrics between Talon Metals Corp. and Lundin Mining 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
TLO.TO vs. LUN.TO - Profitability Comparison
TLO.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Talon Metals Corp. reported a gross profit of 3.46M and revenue of 64.40M. Therefore, the gross margin over that period was 5.4%.
LUN.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Lundin Mining Corporation reported a gross profit of 537.50M and revenue of 1.16B. Therefore, the gross margin over that period was 46.4%.
TLO.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Talon Metals Corp. reported an operating income of 1.66M and revenue of 64.40M, resulting in an operating margin of 2.6%.
LUN.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Lundin Mining Corporation reported an operating income of 503.80M and revenue of 1.16B, resulting in an operating margin of 43.5%.
TLO.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Talon Metals Corp. reported a net income of 2.26M and revenue of 64.40M, resulting in a net margin of 3.5%.
LUN.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Lundin Mining Corporation reported a net income of 281.40M and revenue of 1.16B, resulting in a net margin of 24.3%.
Frequently Asked Questions
TLO.TO and LUN.TO have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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