TMQ vs. NB
TMQ (Trilogy Metals Inc.) and NB (NioCorp Developments Ltd. Common Stock) are both stocks. Both operate in the Other Industrial Metals & Mining industry within the Basic Materials sector. Over the past 3 years, TMQ returned 89.93%/yr vs 0.98%/yr for NB. At a 0.25 correlation, their price movements are largely independent.
Performance
TMQ vs. NB - Performance Comparison
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Returns By Period
In the year-to-date period, TMQ achieves a -14.15% return, which is significantly lower than NB's -1.89% return.
TMQ
- 1D
- -2.37%
- 1M
- -9.09%
- YTD
- -14.15%
- 6M
- -22.76%
- 1Y
- 172.06%
- 3Y*
- 89.93%
- 5Y*
- 8.95%
- 10Y*
- 22.41%
NB
- 1D
- -2.07%
- 1M
- -3.70%
- YTD
- -1.89%
- 6M
- -8.61%
- 1Y
- 100.00%
- 3Y*
- 0.98%
- 5Y*
- —
- 10Y*
- —
TMQ vs. NB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
TMQ Trilogy Metals Inc. | -14.15% | 271.55% | 169.77% | -17.86% |
NB NioCorp Developments Ltd. Common Stock | -1.89% | 241.94% | -51.41% | -57.47% |
Correlation
The correlation between TMQ and NB is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Mar 21, 2023 | 0.25 |
Over the past year, TMQ and NB have become more correlated (0.52) than their long-term average of 0.25, meaning their price movements have been converging.
Fundamentals
TMQ:
$636.19M
NB:
$707.98M
TMQ:
-$0.23
NB:
-$0.52
TMQ:
5.24
NB:
1.63
TMQ:
$0.00
NB:
$0.00
TMQ:
$0.00
NB:
-$1.00K
TMQ:
-$7.33M
NB:
-$54.65M
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Return for Risk
TMQ vs. NB — Risk / Return Rank
TMQ
NB
TMQ vs. NB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Trilogy Metals Inc. (TMQ) and NioCorp Developments Ltd. Common Stock (NB). 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.
| TMQ | NB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.19 | ||
| Sortino ratioReturn per unit of downside risk | +2.13 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.22 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 2.49 | 1.57 | +0.92 |
| Martin ratioReturn relative to average drawdown | 3.56 | 2.39 | +1.17 |
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Drawdowns
TMQ vs. NB - Drawdown Comparison
The maximum TMQ drawdown since its inception was -96.55%, which is greater than NB's maximum drawdown of -82.83%. Use the drawdown chart below to compare losses from any high point for TMQ and NB.
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Drawdown Indicators
| TMQ | NB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.55% | -82.83% | -13.72% |
Max Drawdown (1Y)Largest decline over 1 year | -69.62% | -64.10% | -5.52% |
Max Drawdown (3Y)Largest decline over 3 years | -69.62% | -75.00% | +5.38% |
Max Drawdown (5Y)Largest decline over 5 years | -85.43% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -88.01% | — | — |
Current DrawdownCurrent decline from peak | -65.09% | -55.44% | -9.65% |
Average DrawdownAverage peak-to-trough decline | -71.91% | -55.95% | -15.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 48.51% | 41.94% | +6.57% |
Volatility
TMQ vs. NB - Volatility Comparison
Trilogy Metals Inc. (TMQ) and NioCorp Developments Ltd. Common Stock (NB) have volatilities of 23.54% and 24.34%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TMQ | NB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 23.54% | 24.34% | -0.80% |
Volatility (6M)Calculated over the trailing 6-month period | 60.07% | 65.65% | -5.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 236.14% | 108.87% | +127.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 128.53% | 91.58% | +36.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 101.16% | 91.58% | +9.58% |
Dividends
TMQ vs. NB - Dividend Comparison
Neither TMQ nor NB has paid dividends to shareholders.
Financials
TMQ vs. NB - Financials Comparison
This section allows you to compare key financial metrics between Trilogy Metals Inc. and NioCorp Developments Ltd. Common Stock. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
Frequently Asked Questions
TMQ and NB have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NB has higher volatility (24.34%) compared to TMQ (23.54%). In terms of maximum drawdown, TMQ dropped -96.55% vs NB's -82.83%.
NB currently has the higher Sharpe Ratio (0.93 vs 0.73), 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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