TRX vs. TRX.TO

Last updated Jun 4, 2026

TRX (Tanzanian Gold Corporation) and TRX.TO (TRX Gold Corp) are both stocks. Both operate in the Gold industry within the Basic Materials sector. Over the past 10 years, TRX returned 9.05%/yr vs 8.67%/yr for TRX.TO. A 0.77 correlation means they provide meaningful diversification when combined.

Performance

TRX vs. TRX.TO - Performance Comparison

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

Different Trading Currencies

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

Returns By Period

In the year-to-date period, TRX achieves a 16.19% return, which is significantly higher than TRX.TO's 15.10% return. Both investments have delivered pretty close results over the past 10 years, with TRX having a 9.05% annualized return and TRX.TO not far behind at 8.67%.

TRX

• 1D: -5.31%
• 1M: -3.60%
• YTD: 16.19%
• 6M: 47.53%
• 1Y: 217.88%
• 3Y*: 30.83%
• 5Y*: 16.18%
• 10Y*: 9.05%

TRX.TO

• 1D: -5.51%
• 1M: -5.81%
• YTD: 15.10%
• 6M: 45.67%
• 1Y: 217.63%
• 3Y*: 30.74%
• 5Y*: 15.72%
• 10Y*: 8.67%

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

TRX vs. TRX.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TRX Tanzanian Gold Corporation	16.19%	199.97%	-19.24%	12.37%	-14.54%	-40.00%	7.22%	75.80%	25.90%	-44.39%
TRX.TO TRX Gold Corp	15.10%	202.47%	-20.54%	15.91%	-14.31%	-41.24%	8.46%	72.80%	26.49%	-44.16%

Correlation

The correlation between TRX and TRX.TO is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.87
Correlation (3Y) Calculated over the trailing 3-year period	0.75
Correlation (5Y) Calculated over the trailing 5-year period	0.75
Correlation (10Y) Calculated over the trailing 10-year period	0.75
Correlation (All Time) Calculated using the full available price history since May 6, 2009	0.77

The correlation between TRX and TRX.TO shifts across timeframes, from 0.75 (5 years) to 0.87 (1 year), reflecting how their relationship changes across market environments.

Fundamentals

Total Revenue (TTM) TRX : $118.87M TRX.TO : CA$38.01M
Gross Profit (TTM) TRX : $64.16M TRX.TO : CA$16.60M
EBITDA (TTM) TRX : $21.72M TRX.TO : CA$11.32M

Return for Risk

TRX vs. TRX.TO — Risk / Return Rank

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

TRX

TRX Risk / Return Rank: 88
TRX Sharpe Ratio Rank: 91
TRX Sortino Ratio Rank: 88
TRX Omega Ratio Rank: 87
TRX Calmar Ratio Rank: 89
TRX Martin Ratio Rank: 86

TRX.TO

TRX.TO Risk / Return Rank: 89
TRX.TO Sharpe Ratio Rank: 92
TRX.TO Sortino Ratio Rank: 89
TRX.TO Omega Ratio Rank: 88
TRX.TO Calmar Ratio Rank: 89
TRX.TO Martin Ratio Rank: 87

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. TRX.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tanzanian Gold Corporation (TRX) and TRX Gold Corp (TRX.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	TRX.TO	Difference
Sharpe ratio Return per unit of total volatility	2.46	2.44	+0.03
Sortino ratio Return per unit of downside risk	3.05	3.01	+0.04
Omega ratio Gain probability vs. loss probability	1.39	1.39	0.00
Calmar ratio Return relative to maximum drawdown	4.31	4.27	+0.04
Martin ratio Return relative to average drawdown	9.71	9.69	+0.03
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. TRX.TO - Sharpe Ratio Comparison

The current TRX Sharpe Ratio is 2.46, which is comparable to the TRX.TO Sharpe Ratio of 2.44. The chart below compares the historical Sharpe Ratios of TRX and TRX.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

	TRX	TRX.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.46	2.44	+0.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.27	0.24	+0.03
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.12	0.11	+0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.02	-0.08	+0.09

Drawdowns

TRX vs. TRX.TO - Drawdown Comparison

The maximum TRX drawdown since its inception was -97.69%, roughly equal to the maximum TRX.TO drawdown of -97.25%. Use the drawdown chart below to compare losses from any high point for TRX and TRX.TO.

Drawdown Indicators

	TRX	TRX.TO	Difference
Max Drawdown Largest peak-to-trough decline	-97.69%	-97.25%	-0.44%
Max Drawdown (1Y) Largest decline over 1 year	-50.92%	-51.30%	+0.38%
Max Drawdown (3Y) Largest decline over 3 years	-50.92%	-51.30%	+0.38%
Max Drawdown (5Y) Largest decline over 5 years	-54.89%	-57.15%	+2.26%
Max Drawdown (10Y) Largest decline over 10 years	-82.73%	-82.76%	+0.03%
Current Drawdown Current decline from peak	-87.94%	-85.93%	-2.01%
Average Drawdown Average peak-to-trough decline	-72.13%	-75.21%	+3.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	22.54%	22.57%	-0.03%

Volatility

TRX vs. TRX.TO - Volatility Comparison

The current volatility for Tanzanian Gold Corporation (TRX) is 17.00%, while TRX Gold Corp (TRX.TO) has a volatility of 18.85%. This indicates that TRX experiences smaller price fluctuations and is considered to be less risky than TRX.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TRX	TRX.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.00%	18.85%	-1.85%
Volatility (6M) Calculated over the trailing 6-month period	71.41%	73.15%	-1.74%
Volatility (1Y) Calculated over the trailing 1-year period	89.07%	89.86%	-0.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	60.12%	65.84%	-5.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	72.79%	76.02%	-3.23%

Dividends

TRX vs. TRX.TO - Dividend Comparison

Neither TRX nor TRX.TO has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both TRX and TRX.TO in my portfolio?

TRX and TRX.TO have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.