ABX.TO vs. HYMC

Last updated Jul 1, 2026

ABX.TO (Barrick Gold Corporation) and HYMC (Hycroft Mining Holding Corporation) are both stocks. Both operate in the Gold industry within the Basic Materials sector. Over the past 5 years, ABX.TO returned 18.91%/yr vs -1.54%/yr for HYMC. At a 0.30 correlation, their price movements are largely independent.

Performance

ABX.TO vs. HYMC - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Barrick Gold Corporation (ABX.TO) and Hycroft Mining Holding Corporation (HYMC). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

ABX.TO is traded in CAD, while HYMC is traded in USD. To make them comparable, the HYMC values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, ABX.TO achieves a -11.68% return, which is significantly lower than HYMC's 2.14% 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%

HYMC

• 1D: 0.22%
• 1M: -27.01%
• YTD: 2.14%
• 6M: 3.46%
• 1Y: 676.43%
• 3Y*: 104.06%
• 5Y*: -1.54%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ABX.TO vs. HYMC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
ABX.TO Barrick Gold Corporation	-11.68%	173.89%	-4.69%	5.66%	1.61%	-13.98%	21.72%	31.81%	22.42%
HYMC Hycroft Mining Holding Corporation	2.14%	926.46%	-2.16%	-55.05%	-7.80%	-92.19%	-25.83%	0.30%	9.86%

Correlation

The correlation between ABX.TO and HYMC is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.54
Correlation (3Y) Calculated over the trailing 3-year period	0.46
Correlation (5Y) Calculated over the trailing 5-year period	0.39
Correlation (All Time) Calculated using the full available price history since Mar 12, 2018	0.30

Over the past year, ABX.TO and HYMC have become more correlated (0.54) than their long-term average of 0.30, meaning their price movements have been converging.

Fundamentals

Market Cap ABX.TO : CA$87.35B HYMC : $2.10B
EPS ABX.TO : $3.61 HYMC : -$1.44
PB Ratio ABX.TO : 2.25 HYMC : 9.38
Total Revenue (TTM) ABX.TO : $19.02B HYMC : $0.00
Gross Profit (TTM) ABX.TO : $10.15B HYMC : -$4.65M
EBITDA (TTM) ABX.TO : $12.44B HYMC : -$69.17M

Return for Risk

ABX.TO vs. HYMC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ABX.TO

ABX.TO Risk / Return Rank: 85
ABX.TO Sharpe Ratio Rank: 89
ABX.TO Sortino Ratio Rank: 83
ABX.TO Omega Ratio Rank: 84
ABX.TO Calmar Ratio Rank: 86
ABX.TO Martin Ratio Rank: 84

HYMC

HYMC Risk / Return Rank: 97
HYMC Sharpe Ratio Rank: 99
HYMC Sortino Ratio Rank: 96
HYMC Omega Ratio Rank: 94
HYMC Calmar Ratio Rank: 98
HYMC Martin Ratio Rank: 97

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ABX.TO vs. HYMC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Barrick Gold Corporation (ABX.TO) and Hycroft Mining Holding Corporation (HYMC). 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	HYMC	Difference
Sharpe ratio: Return per unit of total volatility	1.94	5.77	-3.83
Sortino ratio: Return per unit of downside risk	2.34	4.24	-1.90
Omega ratio: Gain probability vs. loss probability	1.32	1.51	-0.19
Calmar ratio: Return relative to maximum drawdown	3.11	11.47	-8.36
Martin ratio: Return relative to average drawdown	7.06	27.76	-20.70

ABX.TO vs. HYMC - Sharpe Ratio Comparison

The current ABX.TO Sharpe Ratio is 1.94, which is lower than the HYMC Sharpe Ratio of 5.77. The chart below compares the historical Sharpe Ratios of ABX.TO and HYMC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ABX.TO vs. HYMC - Drawdown Comparison

The maximum ABX.TO drawdown since its inception was -84.64%, smaller than the maximum HYMC drawdown of -98.84%. Use the drawdown chart below to compare losses from any high point for ABX.TO and HYMC.

Drawdown Indicators

	ABX.TO	HYMC	Difference
Max Drawdown Largest peak-to-trough decline	-84.64%	-98.84%	+14.20%
Max Drawdown (1Y) Largest decline over 1 year	-28.49%	-59.53%	+31.04%
Max Drawdown (3Y) Largest decline over 3 years	-28.49%	-61.75%	+33.26%
Max Drawdown (5Y) Largest decline over 5 years	-43.11%	-93.25%	+50.14%
Max Drawdown (10Y) Largest decline over 10 years	-56.74%	—	—
Current Drawdown Current decline from peak	-26.51%	-84.16%	+57.65%
Average Drawdown Average peak-to-trough decline	-40.58%	-63.84%	+23.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.52%	24.55%	-12.03%

Volatility

ABX.TO vs. HYMC - Volatility Comparison

The current volatility for Barrick Gold Corporation (ABX.TO) is 15.15%, while Hycroft Mining Holding Corporation (HYMC) has a volatility of 26.44%. This indicates that ABX.TO experiences smaller price fluctuations and is considered to be less risky than HYMC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ABX.TO	HYMC	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.15%	26.44%	-11.29%
Volatility (6M) Calculated over the trailing 6-month period	35.57%	86.23%	-50.66%
Volatility (1Y) Calculated over the trailing 1-year period	45.59%	118.36%	-72.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.80%	152.95%	-118.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.89%	122.94%	-87.05%

Dividends

ABX.TO vs. HYMC - Dividend Comparison

ABX.TO's dividend yield for the trailing twelve months is around 2.42%, while HYMC 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%
HYMC Hycroft Mining Holding Corporation	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

Frequently Asked Questions

Can I hold both ABX.TO and HYMC in my portfolio?

ABX.TO and HYMC have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.