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 47.19%/yr vs 10.55%/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 -26.09% return, which is significantly lower than DJIA's 3.82% return.
TMC
- 1D
- -5.39%
- 1M
- -15.56%
- YTD
- -26.09%
- 6M
- -40.16%
- 1Y
- -31.01%
- 3Y*
- 47.19%
- 5Y*
- —
- 10Y*
- —
DJIA
- 1D
- 0.09%
- 1M
- 1.18%
- YTD
- 3.82%
- 6M
- 3.27%
- 1Y
- 13.41%
- 3Y*
- 10.55%
- 5Y*
- —
- 10Y*
- —
TMC vs. DJIA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
TMC TMC the metals company Inc. | -26.09% | 450.89% | 1.82% | 42.86% | -51.88% |
DJIA Global X Dow 30 Covered Call ETF | 3.82% | 9.11% | 14.52% | 9.15% | -1.07% |
Correlation
The correlation between TMC and DJIA is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 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.
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.
| TMC | DJIA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.15 | ||
| Sortino ratioReturn per unit of downside risk | -2.50 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.38 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | -0.50 | 1.84 | -2.34 |
| Martin ratioReturn relative to average drawdown | -0.80 | 6.84 | -7.63 |
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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 | -63.37% | -0.28% | -63.09% |
Average DrawdownAverage peak-to-trough decline | -79.32% | -3.54% | -75.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 38.94% | 1.97% | +36.97% |
Volatility
TMC vs. DJIA - Volatility Comparison
TMC the metals company Inc. (TMC) has a higher volatility of 23.61% compared to Global X Dow 30 Covered Call ETF (DJIA) at 1.35%. 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 | 23.61% | 1.35% | +22.26% |
Volatility (6M)Calculated over the trailing 6-month period | 65.75% | 6.33% | +59.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 97.03% | 7.37% | +89.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 112.94% | 11.16% | +101.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 112.94% | 11.16% | +101.78% |
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 10.76%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
DJIA Global X Dow 30 Covered Call ETF | 10.76% | 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 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TMC has higher volatility (23.61%) compared to DJIA (1.35%). In terms of maximum drawdown, TMC dropped -95.58% vs DJIA's -16.91%.
DJIA currently has the higher Sharpe Ratio (1.83 vs -0.32), 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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