TMC vs. DJIA
TMC (TMC the metals company Inc.) is a stock, while DJIA (Global X Dow 30 Covered Call ETF) is Derivative Income fund tracking the DJIA Cboe BuyWrite v2 Index. Over the past 3 years, TMC returned 109.51%/yr vs 10.50%/yr for DJIA. At a 0.20 correlation, their price movements are largely independent.
Performance
TMC vs. DJIA - Performance Comparison
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Returns By Period
In the year-to-date period, TMC achieves a -0.81% return, which is significantly lower than DJIA's 3.46% return.
TMC
- 1D
- -5.70%
- 1M
- 17.92%
- YTD
- -0.81%
- 6M
- -20.73%
- 1Y
- 45.37%
- 3Y*
- 109.51%
- 5Y*
- —
- 10Y*
- —
DJIA
- 1D
- 0.02%
- 1M
- 3.32%
- YTD
- 3.46%
- 6M
- 3.90%
- 1Y
- 14.53%
- 3Y*
- 10.50%
- 5Y*
- —
- 10Y*
- —
TMC vs. DJIA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
TMC TMC the metals company Inc. | -0.81% | 450.89% | 1.82% | 42.86% | -52.47% |
DJIA Global X Dow 30 Covered Call ETF | 3.46% | 9.11% | 14.52% | 9.15% | -2.80% |
Correlation
The correlation between TMC and DJIA is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Feb 25, 2022 | 0.20 |
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Return for Risk
TMC vs. DJIA — Risk / Return Rank
TMC
DJIA
TMC vs. DJIA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TMC the metals company Inc. (TMC) and Global X Dow 30 Covered Call ETF (DJIA). 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.
| TMC | DJIA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.45 | ||
| Sortino ratioReturn per unit of downside risk | -1.23 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.39 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 0.74 | 1.99 | -1.25 |
| Martin ratioReturn relative to average drawdown | 1.23 | 7.38 | -6.15 |
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
| TMC | DJIA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.44 | 1.89 | -1.45 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.08 | 0.69 | -0.77 |
Drawdowns
TMC vs. DJIA - Drawdown Comparison
The maximum TMC drawdown since its inception was -95.58%, which is greater than DJIA's maximum drawdown of -16.91%. Use the drawdown chart below to compare losses from any high point for TMC and DJIA.
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Drawdown Indicators
| TMC | DJIA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.58% | -16.91% | -78.67% |
Max Drawdown (1Y)Largest decline over 1 year | -61.65% | -7.34% | -54.31% |
Max Drawdown (3Y)Largest decline over 3 years | -74.56% | -12.09% | -62.47% |
Current DrawdownCurrent decline from peak | -50.84% | -0.13% | -50.71% |
Average DrawdownAverage peak-to-trough decline | -79.62% | -3.59% | -76.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 36.96% | 1.97% | +34.99% |
Volatility
TMC vs. DJIA - Volatility Comparison
TMC the metals company Inc. (TMC) has a higher volatility of 24.46% compared to Global X Dow 30 Covered Call ETF (DJIA) at 1.66%. This indicates that TMC's price experiences larger fluctuations and is considered to be riskier than DJIA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TMC | DJIA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.46% | 1.66% | +22.80% |
Volatility (6M)Calculated over the trailing 6-month period | 69.15% | 6.24% | +62.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 103.69% | 7.74% | +95.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 113.08% | 11.19% | +101.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 113.08% | 11.19% | +101.89% |
Dividends
TMC vs. DJIA - Dividend Comparison
TMC has not paid dividends to shareholders, while DJIA's dividend yield for the trailing twelve months is around 10.82%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
DJIA Global X Dow 30 Covered Call ETF | 10.82% | 10.60% | 11.44% | 7.16% | 9.18% |
TMC TMC the metals company Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TMC and DJIA have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TMC has higher volatility (24.46%) compared to DJIA (1.66%). In terms of maximum drawdown, TMC dropped -95.58% vs DJIA's -16.91%.
DJIA currently has the higher Sharpe Ratio (1.89 vs 0.44), 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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