TMQ vs. METC

Last updated Jun 5, 2026

TMQ (Trilogy Metals Inc.) and METC (Ramaco Resources, Inc.) are both stocks. Both are in the Basic Materials sector — TMQ in Other Industrial Metals & Mining, METC in Coking Coal. Over the past 5 years, TMQ returned 8.23%/yr vs 28.98%/yr for METC. At a 0.20 correlation, their price movements are largely independent.

Performance

TMQ vs. METC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Trilogy Metals Inc. (TMQ) and Ramaco Resources, Inc. (METC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TMQ achieves a 3.02% return, which is significantly higher than METC's -5.22% return.

TMQ

• 1D: -0.22%
• 1M: 5.21%
• YTD: 3.02%
• 6M: -5.53%
• 1Y: 241.54%
• 3Y*: 105.72%
• 5Y*: 8.23%
• 10Y*: 24.63%

METC

• 1D: 1.19%
• 1M: 13.51%
• YTD: -5.22%
• 6M: -6.26%
• 1Y: 71.80%
• 3Y*: 38.65%
• 5Y*: 28.98%
• 10Y*: —

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

TMQ vs. METC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TMQ Trilogy Metals Inc.	3.02%	271.55%	169.77%	-21.82%	-66.67%	-17.50%	-23.08%	50.29%	58.72%	109.62%
METC Ramaco Resources, Inc.	-5.22%	94.40%	-37.24%	105.93%	-32.97%	372.22%	-19.55%	-27.68%	-28.05%	-49.23%

Correlation

The correlation between TMQ and METC is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.33
Correlation (3Y) Calculated over the trailing 3-year period	0.19
Correlation (5Y) Calculated over the trailing 5-year period	0.22
Correlation (All Time) Calculated using the full available price history since Feb 6, 2017	0.20

The correlation between TMQ and METC shifts across timeframes, from 0.19 (3 years) to 0.33 (1 year), reflecting how their relationship changes across market environments.

Fundamentals

EPS TMQ : -$0.23 METC : -$1.62
Total Revenue (TTM) TMQ : $0.00 METC : $523.58M
Gross Profit (TTM) TMQ : $0.00 METC : $10.83M
EBITDA (TTM) TMQ : -$7.33M METC : $723.00K

Return for Risk

TMQ vs. METC — Risk / Return Rank

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

TMQ

TMQ Risk / Return Rank: 85
TMQ Sharpe Ratio Rank: 72
TMQ Sortino Ratio Rank: 96
TMQ Omega Ratio Rank: 94
TMQ Calmar Ratio Rank: 85
TMQ Martin Ratio Rank: 76

METC

METC Risk / Return Rank: 63
METC Sharpe Ratio Rank: 65
METC Sortino Ratio Rank: 67
METC Omega Ratio Rank: 65
METC Calmar Ratio Rank: 61
METC Martin Ratio Rank: 56

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 vs. METC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Trilogy Metals Inc. (TMQ) and Ramaco Resources, Inc. (METC). 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	METC	Difference
Sharpe ratio: Return per unit of total volatility	1.04	0.71	+0.32
Sortino ratio: Return per unit of downside risk	4.44	1.56	+2.89
Omega ratio: Gain probability vs. loss probability	1.56	1.19	+0.37
Calmar ratio: Return relative to maximum drawdown	3.49	0.95	+2.54
Martin ratio: Return relative to average drawdown	5.20	1.35	+3.86
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 vs. METC - Sharpe Ratio Comparison

The current TMQ Sharpe Ratio is 1.04, which is higher than the METC Sharpe Ratio of 0.71. The chart below compares the historical Sharpe Ratios of TMQ and METC, 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	METC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.04	0.71	+0.32
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.06	0.35	-0.29
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.24	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.00	0.07	-0.07

Drawdowns

TMQ vs. METC - Drawdown Comparison

The maximum TMQ drawdown since its inception was -96.55%, which is greater than METC's maximum drawdown of -85.54%. Use the drawdown chart below to compare losses from any high point for TMQ and METC.

Drawdown Indicators

	TMQ	METC	Difference
Max Drawdown Largest peak-to-trough decline	-96.55%	-85.54%	-11.01%
Max Drawdown (1Y) Largest decline over 1 year	-69.62%	-75.80%	+6.18%
Max Drawdown (3Y) Largest decline over 3 years	-69.62%	-75.80%	+6.18%
Max Drawdown (5Y) Largest decline over 5 years	-87.53%	-75.80%	-11.73%
Max Drawdown (10Y) Largest decline over 10 years	-88.01%	—	—
Current Drawdown Current decline from peak	-58.11%	-68.73%	+10.62%
Average Drawdown Average peak-to-trough decline	-71.96%	-50.62%	-21.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	46.64%	53.44%	-6.80%

Volatility

TMQ vs. METC - Volatility Comparison

The current volatility for Trilogy Metals Inc. (TMQ) is 20.58%, while Ramaco Resources, Inc. (METC) has a volatility of 22.87%. This indicates that TMQ experiences smaller price fluctuations and is considered to be less risky than METC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TMQ	METC	Difference
Volatility (1M) Calculated over the trailing 1-month period	20.58%	22.87%	-2.29%
Volatility (6M) Calculated over the trailing 6-month period	57.56%	62.49%	-4.93%
Volatility (1Y) Calculated over the trailing 1-year period	234.93%	101.62%	+133.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	128.30%	82.14%	+46.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	101.04%	75.86%	+25.18%

Dividends

TMQ vs. METC - Dividend Comparison

Neither TMQ nor METC has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
METC Ramaco Resources, Inc.	0.00%	1.10%	5.32%	2.91%	5.11%
TMQ Trilogy Metals Inc.	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both TMQ and METC in my portfolio?

TMQ and METC have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TMQ or METC?

METC has higher volatility (22.87%) compared to TMQ (20.58%). In terms of maximum drawdown, TMQ dropped -96.55% vs METC's -85.54%.

Which has better risk-adjusted returns?

TMQ currently has the higher Sharpe Ratio (1.04 vs 0.71), 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.