TMQ.TO vs. ORV.TO

Last updated Jun 4, 2026

TMQ.TO (Trilogy Metals Inc.) and ORV.TO (Orvana Minerals Corp.) are both stocks. Both are in the Basic Materials sector — TMQ.TO in Other Industrial Metals & Mining, ORV.TO in Other Precious Metals & Mining. Over the past 10 years, TMQ.TO returned 24.84%/yr vs 25.83%/yr for ORV.TO. At a 0.08 correlation, their price movements are largely independent.

Performance

TMQ.TO vs. ORV.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Trilogy Metals Inc. (TMQ.TO) and Orvana Minerals Corp. (ORV.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TMQ.TO achieves a 3.70% return, which is significantly higher than ORV.TO's -10.00% return. Both investments have delivered pretty close results over the past 10 years, with TMQ.TO having a 24.84% annualized return and ORV.TO not far ahead at 25.83%.

TMQ.TO

• 1D: -6.81%
• 1M: 4.76%
• YTD: 3.70%
• 6M: -2.99%
• 1Y: 250.00%
• 3Y*: 107.45%
• 5Y*: 11.34%
• 10Y*: 24.84%

ORV.TO

• 1D: -4.06%
• 1M: 14.55%
• YTD: -10.00%
• 6M: 6.78%
• 1Y: 225.86%
• 3Y*: 123.19%
• 5Y*: 37.11%
• 10Y*: 25.83%

*Multi-year figures are annualized to reflect compound growth (CAGR)

TMQ.TO vs. ORV.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TMQ.TO Trilogy Metals Inc.	3.70%	260.00%	184.48%	-20.55%	-65.57%	-16.54%	-24.85%	43.22%	69.78%	110.61%
ORV.TO Orvana Minerals Corp.	-10.00%	854.55%	46.67%	-26.83%	-33.87%	-10.14%	115.63%	6.67%	-37.50%	2.13%

Correlation

The correlation between TMQ.TO and ORV.TO is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.23
Correlation (3Y) Calculated over the trailing 3-year period	0.11
Correlation (5Y) Calculated over the trailing 5-year period	0.09
Correlation (10Y) Calculated over the trailing 10-year period	0.07
Correlation (All Time) Calculated using the full available price history since Apr 26, 2012	0.08

The correlation between TMQ.TO and ORV.TO shifts across timeframes, from 0.07 (10 years) to 0.23 (1 year), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap TMQ.TO : CA$1.06B ORV.TO : CA$258.22M
EPS TMQ.TO : -CA$0.27 ORV.TO : -CA$0.02
PB Ratio TMQ.TO : 8.72 ORV.TO : 4.57
Total Revenue (TTM) TMQ.TO : CA$0.00 ORV.TO : CA$136.00M
Gross Profit (TTM) TMQ.TO : CA$0.00 ORV.TO : CA$51.54M
EBITDA (TTM) TMQ.TO : -CA$11.46M ORV.TO : CA$20.40M

Return for Risk

TMQ.TO vs. ORV.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TMQ.TO

TMQ.TO Risk / Return Rank: 85
TMQ.TO Sharpe Ratio Rank: 73
TMQ.TO Sortino Ratio Rank: 96
TMQ.TO Omega Ratio Rank: 95
TMQ.TO Calmar Ratio Rank: 86
TMQ.TO Martin Ratio Rank: 77

ORV.TO

ORV.TO Risk / Return Rank: 90
ORV.TO Sharpe Ratio Rank: 92
ORV.TO Sortino Ratio Rank: 87
ORV.TO Omega Ratio Rank: 85
ORV.TO Calmar Ratio Rank: 93
ORV.TO Martin Ratio Rank: 91

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TMQ.TO vs. ORV.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Trilogy Metals Inc. (TMQ.TO) and Orvana Minerals Corp. (ORV.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.

	TMQ.TO	ORV.TO	Difference
Sharpe ratio: Return per unit of total volatility	1.06	2.48	-1.42
Sortino ratio: Return per unit of downside risk	4.51	2.95	+1.56
Omega ratio: Gain probability vs. loss probability	1.57	1.36	+0.21
Calmar ratio: Return relative to maximum drawdown	3.62	5.69	-2.07
Martin ratio: Return relative to average drawdown	5.37	13.70	-8.33
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TMQ.TO vs. ORV.TO - Sharpe Ratio Comparison

The current TMQ.TO Sharpe Ratio is 1.06, which is lower than the ORV.TO Sharpe Ratio of 2.48. The chart below compares the historical Sharpe Ratios of TMQ.TO and ORV.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	TMQ.TO	ORV.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.06	2.48	-1.42
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.08	0.45	-0.36
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.24	0.33	-0.09
Sharpe Ratio (All Time) Calculated using the full available price history	0.01	0.03	-0.02

Drawdowns

TMQ.TO vs. ORV.TO - Drawdown Comparison

The maximum TMQ.TO drawdown since its inception was -95.35%, roughly equal to the maximum ORV.TO drawdown of -99.45%. Use the drawdown chart below to compare losses from any high point for TMQ.TO and ORV.TO.

Drawdown Indicators

	TMQ.TO	ORV.TO	Difference
Max Drawdown Largest peak-to-trough decline	-95.35%	-99.45%	+4.10%
Max Drawdown (1Y) Largest decline over 1 year	-69.59%	-40.00%	-29.59%
Max Drawdown (3Y) Largest decline over 3 years	-69.59%	-48.84%	-20.75%
Max Drawdown (5Y) Largest decline over 5 years	-85.83%	-78.30%	-7.53%
Max Drawdown (10Y) Largest decline over 10 years	-87.47%	-78.30%	-9.17%
Current Drawdown Current decline from peak	-58.10%	-82.82%	+24.72%
Average Drawdown Average peak-to-trough decline	-68.50%	-82.43%	+13.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	46.76%	16.56%	+30.20%

Volatility

TMQ.TO vs. ORV.TO - Volatility Comparison

The current volatility for Trilogy Metals Inc. (TMQ.TO) is 21.33%, while Orvana Minerals Corp. (ORV.TO) has a volatility of 33.25%. This indicates that TMQ.TO experiences smaller price fluctuations and is considered to be less risky than ORV.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TMQ.TO	ORV.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	21.33%	33.25%	-11.92%
Volatility (6M) Calculated over the trailing 6-month period	57.40%	57.35%	+0.05%
Volatility (1Y) Calculated over the trailing 1-year period	236.89%	91.66%	+145.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	135.44%	88.29%	+47.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	106.21%	82.21%	+24.00%

Dividends

TMQ.TO vs. ORV.TO - Dividend Comparison

Neither TMQ.TO nor ORV.TO has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both TMQ.TO and ORV.TO in my portfolio?

TMQ.TO and ORV.TO have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.