ABX.TO vs. AD-UN.TO
ABX.TO (Barrick Gold Corporation) and AD-UN.TO (Alaris Equity Partners Income Trust) are both stocks. ABX.TO operates in Gold (Basic Materials), while AD-UN.TO operates in Asset Management (Financial Services). Over the past 10 years, ABX.TO returned 10.52%/yr vs 5.87%/yr for AD-UN.TO. At a 0.06 correlation, their price movements are largely independent.
Performance
ABX.TO vs. AD-UN.TO - Performance Comparison
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Returns By Period
In the year-to-date period, ABX.TO achieves a -4.73% return, which is significantly lower than AD-UN.TO's 16.18% return. Over the past 10 years, ABX.TO has outperformed AD-UN.TO with an annualized return of 10.52%, while AD-UN.TO has yielded a comparatively lower 5.87% annualized return.
ABX.TO
- 1D
- 3.12%
- 1M
- -8.15%
- YTD
- -4.73%
- 6M
- -3.88%
- 1Y
- 102.00%
- 3Y*
- 39.15%
- 5Y*
- 18.34%
- 10Y*
- 10.52%
AD-UN.TO
- 1D
- 0.95%
- 1M
- 3.62%
- YTD
- 16.18%
- 6M
- 20.13%
- 1Y
- 34.01%
- 3Y*
- 24.33%
- 5Y*
- 15.81%
- 10Y*
- 5.87%
ABX.TO vs. AD-UN.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ABX.TO Barrick Gold Corporation | -4.73% | 173.89% | -4.69% | 5.66% | 1.28% | -13.98% | 21.72% | 31.81% | 2.67% | -14.89% |
AD-UN.TO Alaris Equity Partners Income Trust | 16.18% | 15.38% | 27.16% | 10.82% | -7.62% | 33.79% | -23.76% | 40.26% | -9.96% | -6.82% |
Correlation
The correlation between ABX.TO and AD-UN.TO is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Nov 18, 2008 | 0.06 |
Over the past year, ABX.TO and AD-UN.TO have become more correlated (0.29) than their long-term average of 0.06, meaning their price movements have been converging.
Fundamentals
ABX.TO:
CA$94.22B
AD-UN.TO:
CA$1.27B
ABX.TO:
$3.60
AD-UN.TO:
CA$2.23
ABX.TO:
11.19
AD-UN.TO:
10.55
ABX.TO:
0.13
AD-UN.TO:
31.64
ABX.TO:
3.58
AD-UN.TO:
5.19
ABX.TO:
2.46
AD-UN.TO:
1.10
ABX.TO:
$19.02B
AD-UN.TO:
CA$220.04M
ABX.TO:
$10.15B
AD-UN.TO:
CA$197.90M
ABX.TO:
$12.44B
AD-UN.TO:
CA$179.07M
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Return for Risk
ABX.TO vs. AD-UN.TO — Risk / Return Rank
ABX.TO
AD-UN.TO
ABX.TO vs. AD-UN.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Barrick Gold Corporation (ABX.TO) and Alaris Equity Partners Income Trust (AD-UN.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ABX.TO | AD-UN.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.38 | ||
| Sortino ratioReturn per unit of downside risk | -0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.33 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.60 | 2.68 | +0.92 |
| Martin ratioReturn relative to average drawdown | 8.88 | 10.05 | -1.17 |
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Drawdowns
ABX.TO vs. AD-UN.TO - Drawdown Comparison
The maximum ABX.TO drawdown since its inception was -84.65%, which is greater than AD-UN.TO's maximum drawdown of -75.11%. Use the drawdown chart below to compare losses from any high point for ABX.TO and AD-UN.TO.
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Drawdown Indicators
| ABX.TO | AD-UN.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.65% | -75.11% | -9.54% |
Max Drawdown (1Y)Largest decline over 1 year | -28.49% | -12.74% | -15.75% |
Max Drawdown (3Y)Largest decline over 3 years | -28.49% | -18.69% | -9.80% |
Max Drawdown (5Y)Largest decline over 5 years | -43.11% | -29.73% | -13.38% |
Max Drawdown (10Y)Largest decline over 10 years | -56.74% | -73.03% | +16.29% |
Current DrawdownCurrent decline from peak | -20.73% | -2.13% | -18.60% |
Average DrawdownAverage peak-to-trough decline | -40.48% | -17.23% | -23.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.53% | 3.39% | +8.14% |
Volatility
ABX.TO vs. AD-UN.TO - Volatility Comparison
Barrick Gold Corporation (ABX.TO) has a higher volatility of 15.84% compared to Alaris Equity Partners Income Trust (AD-UN.TO) at 4.52%. This indicates that ABX.TO's price experiences larger fluctuations and is considered to be riskier than AD-UN.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ABX.TO | AD-UN.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.84% | 4.52% | +11.32% |
Volatility (6M)Calculated over the trailing 6-month period | 34.80% | 14.08% | +20.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.02% | 17.94% | +27.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.66% | 22.68% | +11.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.96% | 32.24% | +3.72% |
Dividends
ABX.TO vs. AD-UN.TO - Dividend Comparison
ABX.TO's dividend yield for the trailing twelve months is around 2.25%, less than AD-UN.TO's 6.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ABX.TO Barrick Gold Corporation | 2.25% | 1.22% | 2.46% | 2.27% | 4.77% | 3.96% | 1.33% | 0.60% | 1.17% | 0.72% | 0.47% | 1.43% |
AD-UN.TO Alaris Equity Partners Income Trust | 6.05% | 6.75% | 7.10% | 8.35% | 8.29% | 6.81% | 8.76% | 7.55% | 9.57% | 7.84% | 6.76% | 6.66% |
Financials
ABX.TO vs. AD-UN.TO - Financials Comparison
This section allows you to compare key financial metrics between Barrick Gold Corporation and Alaris Equity Partners Income Trust. 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
ABX.TO vs. AD-UN.TO - Profitability Comparison
ABX.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Barrick Gold Corporation reported a gross profit of 2.97B and revenue of 5.16B. Therefore, the gross margin over that period was 57.5%.
AD-UN.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Alaris Equity Partners Income Trust reported a gross profit of 58.38M and revenue of 65.37M. Therefore, the gross margin over that period was 89.3%.
ABX.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Barrick Gold Corporation reported an operating income of 2.93B and revenue of 5.16B, resulting in an operating margin of 56.7%.
AD-UN.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Alaris Equity Partners Income Trust reported an operating income of 47.42M and revenue of 65.37M, resulting in an operating margin of 72.5%.
ABX.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Barrick Gold Corporation reported a net income of 1.58B and revenue of 5.16B, resulting in a net margin of 30.5%.
AD-UN.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Alaris Equity Partners Income Trust reported a net income of 40.41M and revenue of 65.37M, resulting in a net margin of 61.8%.
Frequently Asked Questions
ABX.TO and AD-UN.TO have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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