Blue Moon Metals (BMM)
Market Price (8/8/2026): $5.82 | Market Cap: $473.9 MilSector: Materials | Industry: Diversified Metals & Mining
Blue Moon Metals (BMM)
Market Price (8/8/2026): $5.82Market Cap: $473.9 MilSector: MaterialsIndustry: Diversified Metals & Mining
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Megatrend and thematic driversMegatrends include Battery Technology & Metals. Themes include Rare Earth Elements, and Advanced Battery Components. | Weak multi-year price returns2Y Excs Rtn is -17%, 3Y Excs Rtn is -44% | Very low revenueRev LTMTotal Revenue or Sales, Last Twelve Months is 0 Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -74 Mil Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -19% Key risksBMM key risks include [1] a high probability of bankruptcy due to its current financial distress and [2] challenges in completing and integrating the recent Springer Mine and Mill acquisition. |
| Megatrend and thematic driversMegatrends include Battery Technology & Metals. Themes include Rare Earth Elements, and Advanced Battery Components. |
| Weak multi-year price returns2Y Excs Rtn is -17%, 3Y Excs Rtn is -44% |
| Very low revenueRev LTMTotal Revenue or Sales, Last Twelve Months is 0 |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -74 Mil |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -19% |
| Key risksBMM key risks include [1] a high probability of bankruptcy due to its current financial distress and [2] challenges in completing and integrating the recent Springer Mine and Mill acquisition. |
Qualitative Assessment
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Blue Moon Metals (BMM) stock has lost about 20% since 4/30/2026 because of the following key factors:
1. Significant Share Dilution from May 2026 Financing.
On May 6, 2026, Blue Moon Metals closed a C$156 million public offering and private placement, issuing 15,625,000 new common shares at C$10.00 each. This transaction resulted in significant dilution to existing shareholders, considering the approximately 104.9 million shares outstanding prior to the offering. The company also incurred a C$7,756,250 cash commission paid to the underwriters for their services.
2. Substantial Capital Commitment for Springer Tungsten Project.
Blue Moon Metals announced around July 7, 2026, a comprehensive 67,000-meter diamond drill program and an 18,000-meter historical core re-logging program at its Springer Tungsten project. This multi-phase program, slated to commence in August 2026 and conclude by fiscal Q1 2027, entails significant capital expenditure and a prolonged timeline to potential production. The announcement of this extensive program was immediately followed by a -5.66% decline in the stock price.
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Blue Moon Metals (BMM) stock has lost about 20% since 4/30/2026 because of the following key factors:
1. Significant Share Dilution from May 2026 Financing.
On May 6, 2026, Blue Moon Metals closed a C$156 million public offering and private placement, issuing 15,625,000 new common shares at C$10.00 each. This transaction resulted in significant dilution to existing shareholders, considering the approximately 104.9 million shares outstanding prior to the offering. The company also incurred a C$7,756,250 cash commission paid to the underwriters for their services.
2. Substantial Capital Commitment for Springer Tungsten Project.
Blue Moon Metals announced around July 7, 2026, a comprehensive 67,000-meter diamond drill program and an 18,000-meter historical core re-logging program at its Springer Tungsten project. This multi-phase program, slated to commence in August 2026 and conclude by fiscal Q1 2027, entails significant capital expenditure and a prolonged timeline to potential production. The announcement of this extensive program was immediately followed by a -5.66% decline in the stock price.
3. Continued Operating Losses and Exploration Stage Risks.
As an exploration-stage company, Blue Moon Metals consistently reports negative earnings. Analysts forecast a loss of approximately $6.23 million for fiscal year 2026, with Q2 2026 EPS estimated at -$0.11. This ongoing lack of immediate revenue generation, coupled with continuous capital requirements for exploration and development projects such as Nussir, Springer, and Apex, contributes to investor uncertainty and likely weighed on the stock's performance. The company's "Profit vs. Risk Rating" of 100 (worst) also highlights the inherent risks and unstable profits associated with its current operational stage.
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Stock Movement Drivers
Fundamental Drivers
The -20.4% change in BMM stock from 4/30/2026 to 8/7/2026 was primarily driven by a -0.7% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 4302026 | 8072026 | Change |
|---|---|---|---|
| Stock Price ($) | 7.29 | 5.80 | -20.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 0 | 0 | 0.0% |
| P/S Multiple | ∞ | ∞ | 0.0% |
| Shares Outstanding (Mil) | 81 | 81 | -0.7% |
| Cumulative Contribution | 0.0% |
Market Drivers
4/30/2026 to 8/7/2026| Return | Correlation | |
|---|---|---|
| BMM | -20.4% | |
| Market (SPY) | 7.6% | 47.4% |
| Sector (XLB) | 2.7% | 35.5% |
Fundamental Drivers
The 36.8% change in BMM stock from 1/31/2026 to 8/7/2026 was primarily driven by a 0.0% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 1312026 | 8072026 | Change |
|---|---|---|---|
| Stock Price ($) | 4.24 | 5.80 | 36.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 0 | 0 | 0.0% |
| P/S Multiple | ∞ | ∞ | 0.0% |
| Shares Outstanding (Mil) | 52 | 81 | -36.0% |
| Cumulative Contribution | 0.0% |
Market Drivers
1/31/2026 to 8/7/2026| Return | Correlation | |
|---|---|---|
| BMM | 36.8% | |
| Market (SPY) | 12.1% | 41.5% |
| Sector (XLB) | 7.8% | 41.9% |
Fundamental Drivers
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Market Drivers
7/31/2025 to 8/7/2026| Return | Correlation | |
|---|---|---|
| BMM | ||
| Market (SPY) | 23.4% | 39.7% |
| Sector (XLB) | 22.2% | 42.2% |
Fundamental Drivers
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Market Drivers
7/31/2023 to 8/7/2026| Return | Correlation | |
|---|---|---|
| BMM | ||
| Market (SPY) | 74.9% | 39.7% |
| Sector (XLB) | 30.2% | 42.2% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| BMM Return | - | - | - | - | - | 32% | 32% |
| Peers Return | -21% | -22% | -9% | 54% | 206% | -9% | 140% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 13% | 105% |
Monthly Win Rates [3] | |||||||
| BMM Win Rate | - | - | - | - | - | 62% | |
| Peers Win Rate | 40% | 43% | 47% | 50% | 73% | 52% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| BMM Max Drawdown | - | - | - | - | - | - | |
| Peers Max Drawdown | -50% | -59% | -46% | -37% | -43% | -51% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: TMQ, IE, HL, HBM, CDE.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 8/7/2026 (YTD)
How Low Can It Go
BMM has limited trading history. Below is the Materials sector ETF (XLB) in its place.
| Event | XLB | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -17.0% | -18.8% |
| % Gain to Breakeven | 20.5% | 23.1% |
| Time to Breakeven | 84 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -12.5% | -9.5% |
| % Gain to Breakeven | 14.3% | 10.5% |
| Time to Breakeven | 52 days | 24 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -23.5% | -24.5% |
| % Gain to Breakeven | 30.7% | 32.4% |
| Time to Breakeven | 456 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -36.2% | -33.7% |
| % Gain to Breakeven | 56.8% | 50.9% |
| Time to Breakeven | 114 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -18.3% | -19.2% |
| % Gain to Breakeven | 22.4% | 23.8% |
| Time to Breakeven | 101 days | 105 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -17.9% | -12.2% |
| % Gain to Breakeven | 21.7% | 13.9% |
| Time to Breakeven | 52 days | 62 days |
In The Past
State Street Materials Select Sector SPDR ETF's stock fell -17.0% during the 2025 US Tariff Shock. Such a loss loss requires a 20.5% gain to breakeven.
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Asset Allocation
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BMM has limited trading history. Below is the Materials sector ETF (XLB) in its place.
| Event | XLB | S&P 500 |
|---|---|---|
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -23.5% | -24.5% |
| % Gain to Breakeven | 30.7% | 32.4% |
| Time to Breakeven | 456 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -36.2% | -33.7% |
| % Gain to Breakeven | 56.8% | 50.9% |
| Time to Breakeven | 114 days | 140 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -23.8% | -6.8% |
| % Gain to Breakeven | 31.2% | 7.3% |
| Time to Breakeven | 171 days | 15 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -28.2% | -17.9% |
| % Gain to Breakeven | 39.3% | 21.8% |
| Time to Breakeven | 459 days | 123 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -56.6% | -53.4% |
| % Gain to Breakeven | 130.3% | 114.4% |
| Time to Breakeven | 701 days | 1085 days |
In The Past
State Street Materials Select Sector SPDR ETF's stock fell -17.0% during the 2025 US Tariff Shock. Such a loss loss requires a 20.5% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Blue Moon Metals (BMM)
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- Mineral Exploration and Development: Engaging in the discovery, evaluation, and advancement of mineral deposits towards potential mining operations.
- Polymetallic Mineral Properties: Owning and developing properties rich in multiple metals, primarily zinc, copper, silver, and gold.
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Christian Kargl-Simard, Chief Executive Officer & Director
Mr. Kargl-Simard possesses over 20 years of experience in the mining industry, encompassing both technical and finance roles. He recently orchestrated the sale of Adventus Mining Corporation to Silvercorp Metals for $235 million, a company he started with a $2 million exploration-focused asset base in December 2016. Prior to Adventus Mining, he dedicated 10 years to investment banking with Raymond James Ltd. and Haywood Securities Inc., where he participated in financings exceeding $7 billion and facilitated over 35 M&A transactions. He also held roles in metallurgical engineering and corporate development at Dynatec until its acquisition by Sherritt International Corp. in 2007.
Frances Kwong, Chief Financial Officer & Corporate Secretary
Ms. Kwong is a financial professional with over 40 years of international experience, including finance, strategy planning, and management of financial systems implementation across mining and other industries. She has over 18 years of experience in the global mining sector, ensuring compliance with financial and regulatory requirements and actively participating in numerous financings and corporate/asset-level transactions. She served as Chief Financial Officer of Adventus Mining for 7 years, leading up to its $235 million sale to Silvercorp Metals in the summer of 2024. Her prior experience includes serving as CFO of Vaaldiam Mining Inc. and as a senior consultant for a major mining-focused equity and royalty fund.
Skott Mealer, President & Chief Operating Officer
Mr. Mealer is a seasoned mining professional with over 20 years of experience in project development and construction. Most recently, he spearheaded the advancement of the El Domo Project for Adventus Mining in Ecuador, culminating in the granting of all necessary permits for the mine's construction and operation. He previously spent 10 years with Kinross Gold Corporation, where he successfully led projects such as the La Coipa Restart in Chile and Round Mountain Phase W in Nevada, and held key roles on other projects in Chile, Brazil, and Ecuador.
Theodore Veligrakis, Vice President, Exploration
Mr. Veligrakis is a mineral exploration geoscientist with over 13 years of experience in mineral exploration across various world-class deposits. Prior to joining Blue Moon Metals, he was the Exploration Manager for Adriatic Metals (ASX: ADT) in Bosnia & Herzegovina, where he was instrumental in the discovery of the Rupice NW polymetallic deposit, which doubled the existing mine life to 20 years. His background also includes roles as Senior Exploration Geologist for Tethyan Resources and Generative Exploration Geologist for Eldorado Gold.
Boi Linh Doig, Vice President, Mining
Mrs. Doig brings over 20 years of underground experience to the mining industry. Her most recent role was as Principal Projects Engineer at Evolution Mining – Red Lake Operations, where she led a team in delivering key projects that resulted in significant cost savings and operational improvements. She has also held several leadership positions, including Chief Mine Engineer with Newmont Goldcorp's Red Lake Gold Mines and Engineering Team Leader with Goldcorp at Musselwhite Mine.
AI Analysis | Feedback
The key risks to Blue Moon Metals (BMM), a mineral exploration and development company, are primarily associated with the inherent uncertainties of its industry and stage of development.
Inherent Risks of Mineral Exploration and Development: As an exploration-stage company, Blue Moon Metals faces significant risks related to the discovery, delineation, and eventual development of economically viable mineral deposits. The company currently reports no revenue, which is typical for its stage, and relies on successful exploration to eventually generate income. This encompasses geological uncertainties, potential for lower-than-expected grades or quantities of minerals, and challenges in transitioning from exploration to production.
Commodity Price Volatility: Blue Moon Metals' financial performance is highly susceptible to fluctuations in the global prices of the various metals it explores, including zinc, gold, silver, copper, germanium, gallium, lead, tungsten, and molybdenum. Adverse changes in market demand or commodity prices could significantly impact the economic viability of its projects, even if mineral resources are successfully identified.
Regulatory and Permitting Risks: The company's mining and exploration activities in Norway and the United States are subject to extensive governmental regulations and require various licenses and permits. Delays in obtaining or renewing necessary permits, changes in environmental regulations, or non-compliance could lead to significant operational disruptions, increased costs, or even the cessation of project development.
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Blue Moon Metals (BMM) is an exploration and development company focused on various polymetallic projects in the United States and Norway. The addressable markets for their primary products are as follows:
- Germanium: The global germanium market was valued at approximately USD 319.9 million in 2024 and is projected to reach USD 481.4 million by 2035, growing at a CAGR of 3.79% from 2025 to 2035. Another estimate places the global market at USD 263.80 million in 2024, expected to reach USD 375.12 million by 2033. In terms of volume, the market was valued at 236.23 tons in 2025 and is estimated to grow to 321.30 tons by 2031 (CAGR of 5.26% from 2026-2031). North America was noted as a significant market, with U.S. imports of germanium increasing by approximately 20% in 2023 compared to 2022, reaching an estimated 38,000 kilograms.
- Gallium: The global gallium market was valued at approximately USD 320 million in 2024 and is projected to grow to USD 436 million by 2032, exhibiting a CAGR of 4.7% during the forecast period. Other reports indicate a global market size of USD 28.0 million in 2025, expected to reach USD 56.5 million by 2035. Another source suggests the market was valued at USD 2.45 billion in 2024 and is projected to reach USD 21.53 billion by 2034, with a CAGR of 24.3%. The North American gallium market was estimated at a value of USD 311.3 million in 2024 and is experiencing the fastest growth, with a projected CAGR of approximately 16.0% during 2025–2032. The U.S. gallium market generated a revenue of USD 7.6 million in 2024 and is expected to reach USD 15.0 million by 2033.
- Zinc: The global zinc market size was valued at USD 27.2 billion in 2024 and is projected to grow to USD 52.14 billion by 2033, at a CAGR of 7.5% during the forecast period (2026–2033). The global zinc mining market generated USD 66,085.3 million in 2022 and is expected to reach USD 91,334.1 million by 2030. North America accounted for 10.3% of the global zinc mining market in 2022.
- Copper: The global copper market size was estimated at USD 349.14 billion in 2025 and is expected to reach around USD 573.24 billion by 2035, expanding at a CAGR of 5.08% from 2026 to 2035. Other estimates indicate a global market size of USD 291.12 billion in 2025, anticipated to reach USD 442.04 billion by 2034. The U.S. copper market accounted for the largest market revenue share in North America in 2024.
- Gold: The global gold market was valued at 4,890.0 tons in 2025 and is expected to grow to 7,424.4 tons by 2034, recording a CAGR of 4.70%. In monetary terms, the global gold market was valued at USD 291.68 billion in 2024 and is projected to reach USD 400 billion by the end of 2030. North America represented 15% of the global gold market in 2024.
- Silver: The global silver market size was valued at USD 87.12 billion in 2024 and is projected to grow to USD 202.07 billion by 2033, exhibiting a CAGR of 9.86% during the forecast period (2025-2033). Another source suggests the global silver market size was valued at USD 21.21 billion in 2024 and is anticipated to reach USD 28.43 billion by 2033. The U.S. market for silver is influenced by steady production and strong industrial demand, particularly in electronics and solar panels.
- Tungsten: The global tungsten market was valued at USD 7.3 billion in 2025 and is poised to expand from USD 7.6 billion in 2026 to USD 11.6 billion by 2035, reflecting a 4.8% CAGR. Another report states the global tungsten market is said to be worth about USD 16 billion in 2026. The U.S. tungsten market was valued at USD 1.2 billion in 2025 and is estimated to grow to almost USD 3 billion by 2035. North America holds around 18.9% of the global market share in 2025.
- Molybdenum: The global molybdenum market size reached 6,000.8 tons in 2025 and is estimated to reach 7,317.0 tons by 2034, exhibiting a CAGR of 2.16% from 2026-2034. In terms of value, the global molybdenum market size was valued at USD 4.96 billion in 2025, projected to grow to USD 7.91 billion by 2034. The United States holds a share of 96.70% of the molybdenum market demand.
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Here are 3-5 expected drivers of future revenue growth for Blue Moon Metals (BMM) over the next 2-3 years:
- Advancing Key Polymetallic Projects to Production: A significant driver for Blue Moon Metals will be the successful transition of its primary polymetallic projects from exploration and development phases to commercial production. Key examples include the Nussir copper-gold-silver project in Norway, which recently secured C$1.3 million in equity financing for underground development, and the Blue Moon zinc-gold-silver-copper project in the United States. The NSG copper-zinc-gold-silver project in Norway and the Yava polymetallic project in Canada are also part of their advancement strategy.
- Operationalization of the Springer Tungsten-Molybdenum Mine and Processing Plant: The recent acquisition of the Springer tungsten-molybdenum mine and its associated processing plant in Nevada is expected to be a crucial revenue driver. This facility is slated to process tungsten and molybdenum from the Springer mine itself and serve as a central hub for processing ore from other high-grade critical metals mines that Blue Moon Metals intends to acquire in the Western United States.
- Development and Production from Germanium and Gallium Projects: Blue Moon Metals has strategically expanded its portfolio with the acquisition of the Apex germanium and gallium mine from Teck and the subsequent acquisition of the Gage Project, consolidating a key germanium and gallium district in Southern Utah. Bringing these projects, which focus on critical materials for high-tech applications, into production will introduce new and valuable revenue streams.
- Strategic Acquisitions of Additional Critical Metals Mines: A stated component of Blue Moon Metals' growth strategy is the acquisition of further high-grade critical metals underground mines in the Western United States. The intent is to develop these quickly and transport their ore to the Springer processing plant, thereby expanding the company's resource base and production capacity, directly contributing to future revenue growth.
- Increased Production Volumes from Enhanced Exploration and Development: The company's commitment to comprehensive exploration and development programs, such as the 40,000-meter drilling program across four core assets in 2026, aims to expand and delineate mineral resources. Successful execution of these programs is fundamental to increasing the overall volume of metals extracted and sold from its various projects, which will be a primary driver of revenue growth as the company transitions fully into production.
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Share Issuance
- Blue Moon Metals closed a C$1.3 million equity financing in March 2026.
- Shareholders have experienced substantial dilution over the past year.
Inbound Investments
- Blue Moon announced a follow-on investment of C$1.2 million from a mining contractor in March 2026.
Outbound Investments
- Blue Moon Metals completed the purchase of the Apex Germanium and Gallium Mine from Teck in March 2026.
- The company acquired the Gage Project in Southern Utah from a Liberty Gold subsidiary, involving the issuance of 420,935 Blue Moon common shares and a 2.0% net smelter return royalty.
- Blue Moon Metals closed the acquisition of the Springer Tungsten and Critical Metals Mine and Processing Plant in Nevada in February 2026.
Capital Expenditures
- Blue Moon is advancing four core assets with comprehensive 40,000-meter 2026 infill and step-out drilling programs.
- The company's primary focus for capital allocation includes the advancement of its Blue Moon polymetallic deposit and the Yava polymetallic project.
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 13.94 |
| Mkt Cap | 6.4 |
| Rev LTM | 803 |
| Op Inc LTM | 362 |
| FCF LTM | 139 |
| FCF 3Y Avg | 81 |
| CFO LTM | 364 |
| CFO 3Y Avg | 192 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 43.3% |
| Rev Chg 3Y Avg | 30.1% |
| Rev Chg Q | 35.1% |
| QoQ Delta Rev Chg LTM | 5.9% |
| Op Inc Chg LTM | 13.7% |
| Op Inc Chg 3Y Avg | 67.6% |
| Op Mgn LTM | 32.9% |
| Op Mgn 3Y Avg | 24.5% |
| QoQ Delta Op Mgn LTM | -2.4% |
| CFO/Rev LTM | 39.7% |
| CFO/Rev 3Y Avg | 29.7% |
| FCF/Rev LTM | 20.8% |
| FCF/Rev 3Y Avg | 9.4% |
Price Behavior
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.48 | 2.50 | 2.67 | 2.67 | -0.72 | -0.22 |
| Up Beta | 0.44 | 1.41 | 1.62 | 2.85 | -0.35 | -1.52 |
| Down Beta | 0.01 | 2.65 | 3.48 | 1.76 | -1.99 | -0.96 |
| Up Capture | 60% | 162% | 173% | 431% | 191% | 18% |
| Bmk +ve Days | 11 | 22 | 35 | 67 | 138 | 427 |
| Stock +ve Days | 9 | 19 | 29 | 65 | 66 | 66 |
| Down Capture | 359% | 315% | 296% | 218% | 137% | 77% |
| Bmk -ve Days | 11 | 21 | 28 | 59 | 114 | 326 |
| Stock -ve Days | 13 | 24 | 33 | 60 | 62 | 62 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BMM | |
|---|---|---|---|---|
| BMM | 28.4% | 92.5% | 0.91 | - |
| Sector ETF (XLB) | 22.6% | 17.8% | 0.99 | 42.2% |
| Equity (SPY) | 23.3% | 12.8% | 1.36 | 39.7% |
| Gold (GLD) | 28.5% | 28.4% | 0.87 | 56.8% |
| Commodities (DBC) | 32.9% | 19.8% | 1.32 | 9.7% |
| Real Estate (VNQ) | 14.2% | 13.8% | 0.72 | 9.6% |
| Bitcoin (BTCUSD) | -44.2% | 42.9% | -1.23 | 22.1% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BMM | |
|---|---|---|---|---|
| BMM | 5.1% | 92.5% | 0.91 | - |
| Sector ETF (XLB) | 6.7% | 19.1% | 0.24 | 42.2% |
| Equity (SPY) | 13.5% | 17.2% | 0.61 | 39.7% |
| Gold (GLD) | 18.6% | 18.6% | 0.81 | 56.8% |
| Commodities (DBC) | 8.2% | 19.6% | 0.31 | 9.7% |
| Real Estate (VNQ) | 2.3% | 18.9% | 0.02 | 9.6% |
| Bitcoin (BTCUSD) | 8.8% | 53.0% | 0.35 | 22.1% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BMM | |
|---|---|---|---|---|
| BMM | 2.5% | 92.5% | 0.91 | - |
| Sector ETF (XLB) | 10.1% | 20.7% | 0.43 | 42.2% |
| Equity (SPY) | 15.4% | 17.9% | 0.73 | 39.7% |
| Gold (GLD) | 12.1% | 16.2% | 0.61 | 56.8% |
| Commodities (DBC) | 7.4% | 18.0% | 0.33 | 9.7% |
| Real Estate (VNQ) | 4.8% | 20.7% | 0.20 | 9.6% |
| Bitcoin (BTCUSD) | 58.2% | 66.2% | 0.98 | 22.1% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Earnings Returns History
Updated 6/3/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| SUMMARY STATS | |||
| # Positive | 0 | 0 | 0 |
| # Negative | 0 | 0 | 0 |
| Median Positive | |||
| Median Negative | |||
| Max Positive | |||
| Max Negative | |||
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| SUMMARY STATS | |||
| # Positive | 0 | 0 | 0 |
| # Negative | 0 | 0 | 0 |
| Median Positive | |||
| Median Negative | |||
| Max Positive | |||
| Max Negative | |||
Industry Resources
| Materials Resources |
| Chemical & Engineering News (C&EN) |
| Mining.com |
| Plastics News |
| Diversified Metals & Mining Resources |
| Mining Technology |
| International Mining |
| Northern Miner |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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