ABX.TO vs. GRT-UN.TO
ABX.TO (Barrick Gold Corporation) and GRT-UN.TO (Granite Real Estate Investment Trust) are both stocks. ABX.TO operates in Gold (Basic Materials), while GRT-UN.TO operates in REIT - Industrial (Real Estate). Over the past 10 years, ABX.TO returned 10.36%/yr vs 14.48%/yr for GRT-UN.TO. At a 0.08 correlation, their price movements are largely independent.
Performance
ABX.TO vs. GRT-UN.TO - Performance Comparison
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Returns By Period
In the year-to-date period, ABX.TO achieves a -7.65% return, which is significantly lower than GRT-UN.TO's 19.72% return. Over the past 10 years, ABX.TO has underperformed GRT-UN.TO with an annualized return of 10.36%, while GRT-UN.TO has yielded a comparatively higher 14.48% annualized return.
ABX.TO
- 1D
- -0.96%
- 1M
- -7.27%
- YTD
- -7.65%
- 6M
- -2.56%
- 1Y
- 100.69%
- 3Y*
- 37.09%
- 5Y*
- 17.25%
- 10Y*
- 10.36%
GRT-UN.TO
- 1D
- 0.22%
- 1M
- 3.25%
- YTD
- 19.72%
- 6M
- 28.31%
- 1Y
- 41.14%
- 3Y*
- 9.94%
- 5Y*
- 7.55%
- 10Y*
- 14.48%
ABX.TO vs. GRT-UN.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ABX.TO Barrick Gold Corporation | -7.65% | 173.89% | -4.69% | 5.66% | 1.28% | -13.98% | 21.72% | 31.81% | 2.67% | -14.89% |
GRT-UN.TO Granite Real Estate Investment Trust | 19.72% | 22.80% | -4.30% | 15.18% | -31.88% | 40.16% | 22.56% | 29.65% | 14.45% | 15.87% |
Correlation
The correlation between ABX.TO and GRT-UN.TO is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Jul 7, 2006 | 0.08 |
The correlation between ABX.TO and GRT-UN.TO shifts across timeframes, from 0.08 (all time) to 0.21 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
ABX.TO:
CA$91.34B
GRT-UN.TO:
CA$5.83B
ABX.TO:
CA$3.60
GRT-UN.TO:
CA$6.39
ABX.TO:
15.16
GRT-UN.TO:
15.07
ABX.TO:
0.17
GRT-UN.TO:
0.93
ABX.TO:
4.86
GRT-UN.TO:
9.32
ABX.TO:
3.34
GRT-UN.TO:
1.04
ABX.TO:
CA$19.02B
GRT-UN.TO:
CA$629.87M
ABX.TO:
CA$10.15B
GRT-UN.TO:
CA$517.51M
ABX.TO:
CA$12.44B
GRT-UN.TO:
CA$513.85M
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Return for Risk
ABX.TO vs. GRT-UN.TO — Risk / Return Rank
ABX.TO
GRT-UN.TO
ABX.TO vs. GRT-UN.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Barrick Gold Corporation (ABX.TO) and Granite Real Estate Investment Trust (GRT-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.
| ABX.TO | GRT-UN.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.13 | ||
| Sortino ratioReturn per unit of downside risk | -0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.37 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.55 | 3.20 | +0.35 |
| Martin ratioReturn relative to average drawdown | 9.00 | 10.28 | -1.29 |
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
| ABX.TO | GRT-UN.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.28 | 2.15 | +0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | 0.35 | +0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.29 | 0.65 | -0.36 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.10 | 0.33 | -0.23 |
Drawdowns
ABX.TO vs. GRT-UN.TO - Drawdown Comparison
The maximum ABX.TO drawdown since its inception was -84.65%, roughly equal to the maximum GRT-UN.TO drawdown of -87.48%. Use the drawdown chart below to compare losses from any high point for ABX.TO and GRT-UN.TO.
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Drawdown Indicators
| ABX.TO | GRT-UN.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.65% | -87.48% | +2.83% |
Max Drawdown (1Y)Largest decline over 1 year | -28.49% | -12.91% | -15.58% |
Max Drawdown (3Y)Largest decline over 3 years | -28.49% | -27.99% | -0.50% |
Max Drawdown (5Y)Largest decline over 5 years | -43.11% | -37.82% | -5.29% |
Max Drawdown (10Y)Largest decline over 10 years | -56.74% | -44.89% | -11.85% |
Current DrawdownCurrent decline from peak | -23.16% | -0.77% | -22.39% |
Average DrawdownAverage peak-to-trough decline | -40.47% | -16.98% | -23.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.23% | 4.01% | +7.22% |
Volatility
ABX.TO vs. GRT-UN.TO - Volatility Comparison
Barrick Gold Corporation (ABX.TO) has a higher volatility of 16.64% compared to Granite Real Estate Investment Trust (GRT-UN.TO) at 5.88%. This indicates that ABX.TO's price experiences larger fluctuations and is considered to be riskier than GRT-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 | GRT-UN.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.64% | 5.88% | +10.76% |
Volatility (6M)Calculated over the trailing 6-month period | 34.09% | 14.87% | +19.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.43% | 19.25% | +25.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.52% | 21.88% | +12.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.90% | 22.44% | +13.46% |
Dividends
ABX.TO vs. GRT-UN.TO - Dividend Comparison
ABX.TO's dividend yield for the trailing twelve months is around 2.32%, less than GRT-UN.TO's 3.61% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ABX.TO Barrick Gold Corporation | 2.32% | 1.22% | 2.46% | 2.27% | 4.77% | 3.96% | 1.33% | 0.60% | 1.17% | 0.72% | 0.47% | 1.43% |
GRT-UN.TO Granite Real Estate Investment Trust | 3.61% | 4.18% | 4.74% | 4.21% | 4.50% | 2.86% | 3.43% | 4.25% | 5.69% | 5.31% | 5.42% | 1.62% |
Financials
ABX.TO vs. GRT-UN.TO - Financials Comparison
This section allows you to compare key financial metrics between Barrick Gold Corporation and Granite Real Estate Investment 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. GRT-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%.
GRT-UN.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Granite Real Estate Investment Trust reported a gross profit of 134.27M and revenue of 165.83M. Therefore, the gross margin over that period was 81.0%.
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%.
GRT-UN.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Granite Real Estate Investment Trust reported an operating income of 122.29M and revenue of 165.83M, resulting in an operating margin of 73.7%.
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%.
GRT-UN.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Granite Real Estate Investment Trust reported a net income of 91.25M and revenue of 165.83M, resulting in a net margin of 55.0%.
Frequently Asked Questions
ABX.TO and GRT-UN.TO have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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