TRX vs. OLA.TO

Last updated Apr 1, 2026

Compare and contrast key facts about Tanzanian Gold Corporation (TRX) and Orla Mining Ltd. (OLA.TO).

Performance

TRX vs. OLA.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tanzanian Gold Corporation (TRX) and Orla Mining Ltd. (OLA.TO). The values are adjusted to include any dividend payments, if applicable.

TRX vs. OLA.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TRX Tanzanian Gold Corporation	62.88%	199.97%	-19.24%	12.37%	-14.54%	-40.00%	7.22%	75.80%	25.90%	-44.39%
OLA.TO Orla Mining Ltd.	19.76%	143.02%	69.70%	-19.37%	5.87%	-29.07%	249.87%	99.99%	-45.59%	52.23%

Different Trading Currencies

TRX is traded in USD, while OLA.TO is traded in CAD. To make them comparable, the OLA.TO values have been converted to USD using the latest available exchange rates.

Fundamentals

Market Cap TRX : $427.29M OLA.TO : CA$8.44B
EPS TRX : $0.00 OLA.TO : CA$0.37
PE Ratio TRX : 631.86 OLA.TO : 60.22
PS Ratio TRX : 7.53 OLA.TO : 6.89
PB Ratio TRX : 7.46 OLA.TO : 9.39
Total Revenue (TTM) TRX : $57.61M OLA.TO : CA$1.21B
Gross Profit (TTM) TRX : $23.94M OLA.TO : CA$615.15M
EBITDA (TTM) TRX : $18.70M OLA.TO : CA$603.94M

Returns By Period

In the year-to-date period, TRX achieves a 62.88% return, which is significantly higher than OLA.TO's 19.76% return. Over the past 10 years, TRX has underperformed OLA.TO with an annualized return of 19.62%, while OLA.TO has yielded a comparatively higher 63.86% annualized return.

TRX

• 1D: 19.05%
• 1M: -17.13%
• YTD: 62.88%
• 6M: 140.42%
• 1Y: 382.32%
• 3Y*: 45.98%
• 5Y*: 19.73%
• 10Y*: 19.62%

OLA.TO

• 1D: 10.15%
• 1M: -25.58%
• YTD: 19.76%
• 6M: 49.38%
• 1Y: 72.38%
• 3Y*: 50.32%
• 5Y*: 33.64%
• 10Y*: 63.86%

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

Return for Risk

TRX vs. OLA.TO — Risk / Return Rank

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

TRX

TRX Risk / Return Rank: 97
TRX Sharpe Ratio Rank: 99
TRX Sortino Ratio Rank: 97
TRX Omega Ratio Rank: 96
TRX Calmar Ratio Rank: 98
TRX Martin Ratio Rank: 98

OLA.TO

OLA.TO Risk / Return Rank: 73
OLA.TO Sharpe Ratio Rank: 72
OLA.TO Sortino Ratio Rank: 69
OLA.TO Omega Ratio Rank: 69
OLA.TO Calmar Ratio Rank: 76
OLA.TO Martin Ratio Rank: 76

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.

TRX vs. OLA.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tanzanian Gold Corporation (TRX) and Orla Mining Ltd. (OLA.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.

	TRX	OLA.TO	Difference
Sharpe ratio Return per unit of total volatility	4.34	0.96	+3.38
Sortino ratio Return per unit of downside risk	4.02	1.59	+2.42
Omega ratio Gain probability vs. loss probability	1.53	1.21	+0.32
Calmar ratio Return relative to maximum drawdown	8.86	2.00	+6.86
Martin ratio Return relative to average drawdown	26.25	4.99	+21.25
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TRX vs. OLA.TO - Sharpe Ratio Comparison

The current TRX Sharpe Ratio is 4.34, which is higher than the OLA.TO Sharpe Ratio of 0.96. The chart below compares the historical Sharpe Ratios of TRX and OLA.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	TRX	OLA.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.34	0.96	+3.38
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.33	0.56	-0.23
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.27	0.87	-0.60
Sharpe Ratio (All Time) Calculated using the full available price history	0.04	0.08	-0.04

Correlation

The correlation between TRX and OLA.TO is 0.20, 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.

Dividends

TRX vs. OLA.TO - Dividend Comparison

TRX has not paid dividends to shareholders, while OLA.TO's dividend yield for the trailing twelve months is around 0.09%.

	TTM
TRX Tanzanian Gold Corporation	0.00%
OLA.TO Orla Mining Ltd.	0.09%

Drawdowns

TRX vs. OLA.TO - Drawdown Comparison

The maximum TRX drawdown since its inception was -97.69%, which is greater than OLA.TO's maximum drawdown of -71.84%. Use the drawdown chart below to compare losses from any high point for TRX and OLA.TO.

Drawdown Indicators

	TRX	OLA.TO	Difference
Max Drawdown Largest peak-to-trough decline	-97.69%	-69.09%	-28.60%
Max Drawdown (1Y) Largest decline over 1 year	-42.20%	-37.78%	-4.42%
Max Drawdown (5Y) Largest decline over 5 years	-55.87%	-52.00%	-3.87%
Max Drawdown (10Y) Largest decline over 10 years	-82.73%	-56.61%	-26.12%
Current Drawdown Current decline from peak	-83.09%	-24.60%	-58.49%
Average Drawdown Average peak-to-trough decline	-72.01%	-22.71%	-49.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.25%	14.93%	-0.68%

Volatility

TRX vs. OLA.TO - Volatility Comparison

Tanzanian Gold Corporation (TRX) has a higher volatility of 30.89% compared to Orla Mining Ltd. (OLA.TO) at 22.87%. This indicates that TRX's price experiences larger fluctuations and is considered to be riskier than OLA.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TRX	OLA.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	30.89%	22.87%	+8.02%
Volatility (6M) Calculated over the trailing 6-month period	78.32%	57.04%	+21.28%
Volatility (1Y) Calculated over the trailing 1-year period	88.88%	76.07%	+12.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	59.60%	60.05%	-0.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	73.83%	76.03%	-2.20%

Financials

TRX vs. OLA.TO - Profitability Comparison

The chart below illustrates the profitability comparison between Tanzanian Gold Corporation and Orla Mining Ltd. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

TRX - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Tanzanian Gold Corporation reported a gross profit of 12.58M and revenue of 23.50M. Therefore, the gross margin over that period was 53.5%.

OLA.TO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Orla Mining Ltd. reported a gross profit of 298.82M and revenue of 527.75M. Therefore, the gross margin over that period was 56.6%.

TRX - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Tanzanian Gold Corporation reported an operating income of 11.03M and revenue of 23.50M, resulting in an operating margin of 46.9%.

OLA.TO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Orla Mining Ltd. reported an operating income of 274.70M and revenue of 527.75M, resulting in an operating margin of 52.1%.

TRX - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Tanzanian Gold Corporation reported a net income of 2.45M and revenue of 23.50M, resulting in a net margin of 10.4%.

OLA.TO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Orla Mining Ltd. reported a net income of 110.49M and revenue of 527.75M, resulting in a net margin of 20.9%.