CRML vs TMQ: Correlation
Measured on weekly returns over the past three years, Critical Metals Corp. (CRML) and Trilogy Metals Inc. (TMQ) carry a correlation of 0.40, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRML and TMQ?
On 3 years of weekly data the CRML/TMQ correlation comes out at 0.40, moderate. The link has tightened recently: the 1-year correlation (0.66) runs above the 3-year figure (0.40). The 5-year figure is 0.38, and annualized covariance runs at 7526.4 %².
Few assets follow CRML as closely as TMQ, which ranks #3 of 11 tracked partners. Correlation aside, the last 12 months split them widely, with TMQ ahead by 102.8 points (+23.5% versus +126.3%).
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
CRML vs TMQ: side by side
| CRML (Critical Metals Corp.) | TMQ (Trilogy Metals Inc.) | |
|---|---|---|
| 1-year return | +23.5% | +126.3% |
| 5-year return | -19.1% | +85.3% |
| Volatility (ann.) | 144.4% | 131.6% |
| Beta vs S&P 500 | 2.11 | 0.28 |
| Max drawdown (3Y) | -93.9% | -72.5% |
| Market cap | $1.2B | $0.7B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CRML | TMQ |
|---|---|---|
| 2022 | – | -66.7% |
| 2023 | +7.7% | -21.8% |
| 2024 | -38.3% | +169.8% |
| 2025 | +2.2% | +271.6% |
| 2026 | +15.9% | -12.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRML and TMQ good diversifiers for each other?
Reasonably. At 0.40, CRML and TMQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CRML and TMQ?
The CRML/TMQ correlation stands at 0.40 on a 3-year window (1 year: 0.66, 5 years: 0.38), computed from weekly returns as of 2026-08-27.
Is TMQ a good diversifier for CRML?
Reasonably. At 0.40, CRML and TMQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.40 mean?
A reading of 0.40 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: CRML correlations · TMQ correlations
