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TMC vs. TLT
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

TMC vs. TLT

Last updated May 21, 2025

Compare and contrast key facts about TMC the metals company Inc. (TMC) and iShares 20+ Year Treasury Bond ETF (TLT).

TLT is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. 20+ Year Treasury Bond Index. It was launched on Jul 26, 2002.

Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TMC or TLT.

Correlation

The correlation between TMC and TLT is 0.07, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Performance

TMC vs. TLT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TMC the metals company Inc. (TMC) and iShares 20+ Year Treasury Bond ETF (TLT). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

TMC:

1.97

TLT:

-0.16

Sortino Ratio

TMC:

3.34

TLT:

-0.22

Omega Ratio

TMC:

1.40

TLT:

0.98

Calmar Ratio

TMC:

2.33

TLT:

-0.07

Martin Ratio

TMC:

7.84

TLT:

-0.40

Ulcer Index

TMC:

27.95%

TLT:

8.09%

Daily Std Dev

TMC:

109.20%

TLT:

14.42%

Max Drawdown

TMC:

-95.58%

TLT:

-48.35%

Current Drawdown

TMC:

-64.10%

TLT:

-43.16%

Returns By Period

In the year-to-date period, TMC achieves a 299.11% return, which is significantly higher than TLT's -0.80% return.

TMC

YTD

299.11%

1M

51.01%

6M

389.06%

1Y

212.59%

3Y*

48.68%

5Y*

N/A

10Y*

N/A

TLT

YTD

-0.80%

1M

-2.04%

6M

-3.78%

1Y

-2.32%

3Y*

-7.12%

5Y*

-9.87%

10Y*

-0.85%

*Annualized

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TMC the metals company Inc.

iShares 20+ Year Treasury Bond ETF

Risk-Adjusted Performance

TMC vs. TLT — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
TMC
The Risk-Adjusted Performance Rank of TMC is 9494
Overall Rank
The Sharpe Ratio Rank of TMC is 9696
Sharpe Ratio Rank
The Sortino Ratio Rank of TMC is 9696
Sortino Ratio Rank
The Omega Ratio Rank of TMC is 9393
Omega Ratio Rank
The Calmar Ratio Rank of TMC is 9494
Calmar Ratio Rank
The Martin Ratio Rank of TMC is 9292
Martin Ratio Rank
TLT
The Risk-Adjusted Performance Rank of TLT is 1111
Overall Rank
The Sharpe Ratio Rank of TLT is 1111
Sharpe Ratio Rank
The Sortino Ratio Rank of TLT is 99
Sortino Ratio Rank
The Omega Ratio Rank of TLT is 99
Omega Ratio Rank
The Calmar Ratio Rank of TLT is 1313
Calmar Ratio Rank
The Martin Ratio Rank of TLT is 1111
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

TMC vs. TLT - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for TMC the metals company Inc. (TMC) and iShares 20+ Year Treasury Bond ETF (TLT). 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.

The current TMC Sharpe Ratio is 1.97, which is higher than the TLT Sharpe Ratio of -0.16. The chart below compares the historical Sharpe Ratios of TMC and TLT, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Dividends

TMC vs. TLT - Dividend Comparison

TMC has not paid dividends to shareholders, while TLT's dividend yield for the trailing twelve months is around 4.43%.

TTM20242023202220212020201920182017201620152014
TMC
TMC the metals company Inc.		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
TLT
iShares 20+ Year Treasury Bond ETF		4.43%4.30%3.38%2.67%1.50%1.50%2.27%2.63%2.43%2.60%2.61%2.67%

Drawdowns

TMC vs. TLT - Drawdown Comparison

The maximum TMC drawdown since its inception was -95.58%, which is greater than TLT's maximum drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for TMC and TLT. For additional features, visit the drawdowns tool.

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Volatility

TMC vs. TLT - Volatility Comparison

TMC the metals company Inc. (TMC) has a higher volatility of 50.63% compared to iShares 20+ Year Treasury Bond ETF (TLT) at 3.38%. This indicates that TMC's price experiences larger fluctuations and is considered to be riskier than TLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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