AAZ.L vs. FRES.L
AAZ.L (Anglo Asian Mining plc) and FRES.L (Fresnillo plc) are both stocks. Both are in the Basic Materials sector — AAZ.L in Gold, FRES.L in Other Precious Metals & Mining. Over the past 10 years, AAZ.L returned 45.65%/yr vs 13.46%/yr for FRES.L. At a 0.18 correlation, their price movements are largely independent.
Performance
AAZ.L vs. FRES.L - Performance Comparison
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Returns By Period
In the year-to-date period, AAZ.L achieves a 27.27% return, which is significantly higher than FRES.L's -2.37% return. Over the past 10 years, AAZ.L has outperformed FRES.L with an annualized return of 45.65%, while FRES.L has yielded a comparatively lower 13.46% annualized return.
AAZ.L
- 1D
- -1.41%
- 1M
- 34.62%
- YTD
- 27.27%
- 6M
- 48.94%
- 1Y
- 121.52%
- 3Y*
- 54.28%
- 5Y*
- 22.54%
- 10Y*
- 45.65%
FRES.L
- 1D
- 0.51%
- 1M
- -8.03%
- YTD
- -2.37%
- 6M
- 19.93%
- 1Y
- 147.90%
- 3Y*
- 72.68%
- 5Y*
- 33.37%
- 10Y*
- 13.46%
AAZ.L vs. FRES.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AAZ.L Anglo Asian Mining plc | 27.27% | 158.22% | 83.62% | -38.52% | -6.15% | -9.79% | -8.66% | 81.65% | 183.50% | 33.33% |
FRES.L Fresnillo plc | -2.37% | 468.22% | 6.13% | -32.98% | 3.90% | -18.79% | 78.92% | -24.01% | -38.26% | 18.98% |
Correlation
The correlation between AAZ.L and FRES.L is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since May 12, 2008 | 0.18 |
The correlation between AAZ.L and FRES.L shifts across timeframes, from 0.18 (5 years) to 0.33 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
AAZ.L:
£401.86M
FRES.L:
£23.46B
AAZ.L:
£0.00
FRES.L:
£2.08
AAZ.L:
1.66K
FRES.L:
15.34
AAZ.L:
22.67
FRES.L:
0.07
AAZ.L:
2.46
FRES.L:
2.92
AAZ.L:
4.71
FRES.L:
5.06
AAZ.L:
£162.77M
FRES.L:
£8.03B
AAZ.L:
£44.74M
FRES.L:
£3.75B
AAZ.L:
£60.51M
FRES.L:
£3.90B
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Return for Risk
AAZ.L vs. FRES.L — Risk / Return Rank
AAZ.L
FRES.L
AAZ.L vs. FRES.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Anglo Asian Mining plc (AAZ.L) and Fresnillo plc (FRES.L). 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.
| AAZ.L | FRES.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.63 | ||
| Sortino ratioReturn per unit of downside risk | -0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.40 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.92 | 5.13 | -1.22 |
| Martin ratioReturn relative to average drawdown | 11.98 | 12.05 | -0.08 |
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
| AAZ.L | FRES.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.28 | 2.91 | -0.63 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.38 | 0.79 | -0.41 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.72 | 0.31 | +0.41 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.10 | 0.28 | -0.18 |
Drawdowns
AAZ.L vs. FRES.L - Drawdown Comparison
The maximum AAZ.L drawdown since its inception was -97.86%, which is greater than FRES.L's maximum drawdown of -82.36%. Use the drawdown chart below to compare losses from any high point for AAZ.L and FRES.L.
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Drawdown Indicators
| AAZ.L | FRES.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.86% | -82.36% | -15.50% |
Max Drawdown (1Y)Largest decline over 1 year | -34.84% | -31.03% | -3.81% |
Max Drawdown (3Y)Largest decline over 3 years | -57.86% | -34.85% | -23.01% |
Max Drawdown (5Y)Largest decline over 5 years | -67.40% | -53.75% | -13.65% |
Max Drawdown (10Y)Largest decline over 10 years | -72.00% | -74.47% | +2.47% |
Current DrawdownCurrent decline from peak | -2.78% | -26.82% | +24.04% |
Average DrawdownAverage peak-to-trough decline | -60.22% | -40.32% | -19.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.42% | 13.24% | -1.82% |
Volatility
AAZ.L vs. FRES.L - Volatility Comparison
The current volatility for Anglo Asian Mining plc (AAZ.L) is 17.50%, while Fresnillo plc (FRES.L) has a volatility of 19.37%. This indicates that AAZ.L experiences smaller price fluctuations and is considered to be less risky than FRES.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AAZ.L | FRES.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.50% | 19.37% | -1.87% |
Volatility (6M)Calculated over the trailing 6-month period | 42.53% | 41.62% | +0.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 59.77% | 54.69% | +5.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 59.73% | 42.30% | +17.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 63.44% | 43.34% | +20.10% |
Dividends
AAZ.L vs. FRES.L - Dividend Comparison
AAZ.L has not paid dividends to shareholders, while FRES.L's dividend yield for the trailing twelve months is around 2.99%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AAZ.L Anglo Asian Mining plc | 0.00% | 0.00% | 0.00% | 5.42% | 6.64% | 6.19% | 5.35% | 3.96% | 2.61% | 0.00% | 0.00% | 0.00% |
FRES.L Fresnillo plc | 2.99% | 2.00% | 1.35% | 1.98% | 2.44% | 2.66% | 1.00% | 2.35% | 3.49% | 1.74% | 0.74% | 0.47% |
Financials
AAZ.L vs. FRES.L - Financials Comparison
This section allows you to compare key financial metrics between Anglo Asian Mining plc and Fresnillo plc. 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
AAZ.L vs. FRES.L - Profitability Comparison
AAZ.L - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Anglo Asian Mining plc reported a gross profit of 40.99M and revenue of 82.25M. Therefore, the gross margin over that period was 49.8%.
FRES.L - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Fresnillo plc reported a gross profit of 1.50B and revenue of 2.59B. Therefore, the gross margin over that period was 57.7%.
AAZ.L - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Anglo Asian Mining plc reported an operating income of 35.84M and revenue of 82.25M, resulting in an operating margin of 43.6%.
FRES.L - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Fresnillo plc reported an operating income of 1.39B and revenue of 2.59B, resulting in an operating margin of 53.5%.
AAZ.L - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Anglo Asian Mining plc reported a net income of 13.09M and revenue of 82.25M, resulting in a net margin of 15.9%.
FRES.L - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Fresnillo plc reported a net income of 994.96M and revenue of 2.59B, resulting in a net margin of 38.4%.
Frequently Asked Questions
AAZ.L and FRES.L have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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