ABX.TO vs. AII.TO
ABX.TO (Barrick Gold Corporation) and AII.TO (Almonty Industries Inc.) are both stocks. Both are in the Basic Materials sector — ABX.TO in Gold, AII.TO in Other Industrial Metals & Mining. Over the past 10 years, ABX.TO returned 8.78%/yr vs 48.01%/yr for AII.TO. At a 0.07 correlation, their price movements are largely independent.
Performance
ABX.TO vs. AII.TO - Performance Comparison
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Returns By Period
In the year-to-date period, ABX.TO achieves a -11.68% return, which is significantly lower than AII.TO's 94.37% return. Over the past 10 years, ABX.TO has underperformed AII.TO with an annualized return of 8.78%, while AII.TO has yielded a comparatively higher 48.01% annualized return.
ABX.TO
- 1D
- -0.61%
- 1M
- -11.46%
- YTD
- -11.68%
- 6M
- -12.84%
- 1Y
- 88.14%
- 3Y*
- 35.59%
- 5Y*
- 18.91%
- 10Y*
- 8.78%
AII.TO
- 1D
- 2.40%
- 1M
- -14.19%
- YTD
- 94.37%
- 6M
- 93.56%
- 1Y
- 132.74%
- 3Y*
- 196.50%
- 5Y*
- 71.64%
- 10Y*
- 48.01%
ABX.TO vs. AII.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ABX.TO Barrick Gold Corporation | -11.68% | 173.89% | -4.69% | 5.66% | 1.61% | -13.98% | 21.72% | 31.81% | 2.15% | -14.89% |
AII.TO Almonty Industries Inc. | 94.37% | 784.25% | 68.52% | -20.59% | -23.60% | 39.06% | 52.38% | -35.38% | 18.18% | 103.70% |
Correlation
The correlation between ABX.TO and AII.TO is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Aug 17, 2010 | 0.07 |
Over the past year, ABX.TO and AII.TO have become more correlated (0.32) than their long-term average of 0.07, meaning their price movements have been converging.
Fundamentals
ABX.TO:
CA$87.35B
AII.TO:
CA$6.53B
ABX.TO:
$3.61
AII.TO:
-CA$0.50
ABX.TO:
3.25
AII.TO:
125.05
ABX.TO:
2.25
AII.TO:
18.33
ABX.TO:
$19.02B
AII.TO:
CA$50.01M
ABX.TO:
$10.15B
AII.TO:
CA$14.63M
ABX.TO:
$12.44B
AII.TO:
-CA$120.84M
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Return for Risk
ABX.TO vs. AII.TO — Risk / Return Rank
ABX.TO
AII.TO
ABX.TO vs. AII.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Barrick Gold Corporation (ABX.TO) and Almonty Industries Inc. (AII.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 | AII.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.59 | ||
| Sortino ratioReturn per unit of downside risk | +0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.26 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.11 | 2.44 | +0.67 |
| Martin ratioReturn relative to average drawdown | 7.06 | 5.06 | +2.00 |
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Drawdowns
ABX.TO vs. AII.TO - Drawdown Comparison
The maximum ABX.TO drawdown since its inception was -84.64%, which is greater than AII.TO's maximum drawdown of -80.14%. Use the drawdown chart below to compare losses from any high point for ABX.TO and AII.TO.
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Drawdown Indicators
| ABX.TO | AII.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.64% | -80.14% | -4.50% |
Max Drawdown (1Y)Largest decline over 1 year | -28.49% | -54.79% | +26.30% |
Max Drawdown (3Y)Largest decline over 3 years | -28.49% | -54.79% | +26.30% |
Max Drawdown (5Y)Largest decline over 5 years | -43.11% | -59.43% | +16.32% |
Max Drawdown (10Y)Largest decline over 10 years | -56.74% | -68.52% | +11.78% |
Current DrawdownCurrent decline from peak | -26.51% | -26.85% | +0.34% |
Average DrawdownAverage peak-to-trough decline | -40.58% | -33.47% | -7.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.52% | 26.31% | -13.79% |
Volatility
ABX.TO vs. AII.TO - Volatility Comparison
The current volatility for Barrick Gold Corporation (ABX.TO) is 15.15%, while Almonty Industries Inc. (AII.TO) has a volatility of 31.36%. This indicates that ABX.TO experiences smaller price fluctuations and is considered to be less risky than AII.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 | AII.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.15% | 31.36% | -16.21% |
Volatility (6M)Calculated over the trailing 6-month period | 35.57% | 67.35% | -31.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.59% | 98.99% | -53.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.80% | 74.65% | -39.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.89% | 75.28% | -39.39% |
Dividends
ABX.TO vs. AII.TO - Dividend Comparison
ABX.TO's dividend yield for the trailing twelve months is around 2.42%, while AII.TO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ABX.TO Barrick Gold Corporation | 2.42% | 1.22% | 2.46% | 2.27% | 5.06% | 3.96% | 1.33% | 0.60% | 0.65% | 0.72% | 0.47% | 1.43% |
AII.TO Almonty Industries Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
ABX.TO vs. AII.TO - Financials Comparison
This section allows you to compare key financial metrics between Barrick Gold Corporation and Almonty Industries Inc.. 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. AII.TO - Profitability Comparison
ABX.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 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%.
AII.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Almonty Industries Inc. reported a gross profit of 13.01M and revenue of 25.40M. Therefore, the gross margin over that period was 51.2%.
ABX.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Barrick Gold Corporation reported an operating income of 2.93B and revenue of 5.16B, resulting in an operating margin of 56.7%.
AII.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Almonty Industries Inc. reported an operating income of 2.24M and revenue of 25.40M, resulting in an operating margin of 8.8%.
ABX.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Barrick Gold Corporation reported a net income of 1.58B and revenue of 5.16B, resulting in a net margin of 30.5%.
AII.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Almonty Industries Inc. reported a net income of -5.26M and revenue of 25.40M, resulting in a net margin of -20.7%.
Frequently Asked Questions
ABX.TO and AII.TO have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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