TMQ vs. SSRM
TMQ (Trilogy Metals Inc.) and SSRM (SSR Mining Inc.) are both stocks. Both are in the Basic Materials sector — TMQ in Other Industrial Metals & Mining, SSRM in Gold. Over the past 10 years, TMQ returned 23.41%/yr vs 9.56%/yr for SSRM. At a 0.17 correlation, their price movements are largely independent.
Performance
TMQ vs. SSRM - Performance Comparison
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Returns By Period
In the year-to-date period, TMQ achieves a -8.58% return, which is significantly lower than SSRM's 21.40% return. Over the past 10 years, TMQ has outperformed SSRM with an annualized return of 23.41%, while SSRM has yielded a comparatively lower 9.56% annualized return.
TMQ
- 1D
- 3.14%
- 1M
- -12.25%
- YTD
- -8.58%
- 6M
- -12.44%
- 1Y
- 196.24%
- 3Y*
- 92.89%
- 5Y*
- 6.54%
- 10Y*
- 23.41%
SSRM
- 1D
- -0.45%
- 1M
- -22.19%
- YTD
- 21.40%
- 6M
- 26.71%
- 1Y
- 108.87%
- 3Y*
- 23.58%
- 5Y*
- 9.68%
- 10Y*
- 9.56%
TMQ vs. SSRM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TMQ Trilogy Metals Inc. | -8.58% | 271.55% | 169.77% | -21.82% | -66.67% | -17.50% | -23.08% | 50.29% | 58.72% | 114.95% |
SSRM SSR Mining Inc. | 21.40% | 214.94% | -35.32% | -29.94% | -10.02% | -10.90% | 4.41% | 59.31% | 37.54% | -1.46% |
Correlation
The correlation between TMQ and SSRM is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Apr 26, 2012 | 0.17 |
Over the past year, TMQ and SSRM have become more correlated (0.41) than their long-term average of 0.17, meaning their price movements have been converging.
Fundamentals
TMQ:
$677.45M
SSRM:
$5.79B
TMQ:
-$0.23
SSRM:
$3.27
TMQ:
5.58
SSRM:
1.31
TMQ:
$0.00
SSRM:
$1.90B
TMQ:
$0.00
SSRM:
$643.76M
TMQ:
-$7.33M
SSRM:
$835.27M
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Return for Risk
TMQ vs. SSRM — Risk / Return Rank
TMQ
SSRM
TMQ vs. SSRM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Trilogy Metals Inc. (TMQ) and SSR Mining Inc. (SSRM). 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 | SSRM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.82 | ||
| Sortino ratioReturn per unit of downside risk | +1.88 | ||
| Omega ratioGain probability vs. loss probability | 1.52 | 1.29 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 2.84 | 3.55 | -0.71 |
| Martin ratioReturn relative to average drawdown | 4.20 | 9.43 | -5.23 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TMQ | SSRM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.84 | 1.66 | -0.82 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.05 | 0.17 | -0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.23 | 0.18 | +0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.01 | 0.10 | -0.12 |
Drawdowns
TMQ vs. SSRM - Drawdown Comparison
The maximum TMQ drawdown since its inception was -96.55%, which is greater than SSRM's maximum drawdown of -91.68%. Use the drawdown chart below to compare losses from any high point for TMQ and SSRM.
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Drawdown Indicators
| TMQ | SSRM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.55% | -91.68% | -4.87% |
Max Drawdown (1Y)Largest decline over 1 year | -69.62% | -30.88% | -38.74% |
Max Drawdown (3Y)Largest decline over 3 years | -69.62% | -73.41% | +3.79% |
Max Drawdown (5Y)Largest decline over 5 years | -87.01% | -83.16% | -3.85% |
Max Drawdown (10Y)Largest decline over 10 years | -88.01% | -83.16% | -4.85% |
Current DrawdownCurrent decline from peak | -62.83% | -38.87% | -23.96% |
Average DrawdownAverage peak-to-trough decline | -71.95% | -57.17% | -14.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 46.98% | 11.59% | +35.39% |
Volatility
TMQ vs. SSRM - Volatility Comparison
Trilogy Metals Inc. (TMQ) has a higher volatility of 23.36% compared to SSR Mining Inc. (SSRM) at 18.01%. This indicates that TMQ's price experiences larger fluctuations and is considered to be riskier than SSRM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TMQ | SSRM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 23.36% | 18.01% | +5.35% |
Volatility (6M)Calculated over the trailing 6-month period | 59.44% | 53.47% | +5.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 235.89% | 66.17% | +169.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 128.45% | 55.82% | +72.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 101.16% | 52.90% | +48.26% |
Dividends
TMQ vs. SSRM - Dividend Comparison
Neither TMQ nor SSRM has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
SSRM SSR Mining Inc. | 0.00% | 0.00% | 0.00% | 2.60% | 1.79% | 1.13% |
TMQ Trilogy Metals Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
TMQ vs. SSRM - Financials Comparison
This section allows you to compare key financial metrics between Trilogy Metals Inc. and SSR Mining Inc.. 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 SSRM have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TMQ has higher volatility (23.36%) compared to SSRM (18.01%). In terms of maximum drawdown, TMQ dropped -96.55% vs SSRM's -91.68%.
SSRM currently has the higher Sharpe Ratio (1.66 vs 0.84), 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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