AD-UN.TO vs. ABX.TO

Last updated Jun 4, 2026

AD-UN.TO (Alaris Equity Partners Income Trust) and ABX.TO (Barrick Gold Corporation) are both stocks. AD-UN.TO operates in Asset Management (Financial Services), while ABX.TO operates in Gold (Basic Materials). Over the past 10 years, AD-UN.TO returned 5.99%/yr vs 11.15%/yr for ABX.TO. At a 0.06 correlation, their price movements are largely independent.

Performance

AD-UN.TO vs. ABX.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Alaris Equity Partners Income Trust (AD-UN.TO) and Barrick Gold Corporation (ABX.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AD-UN.TO achieves a 15.79% return, which is significantly higher than ABX.TO's -1.41% return. Over the past 10 years, AD-UN.TO has underperformed ABX.TO with an annualized return of 5.99%, while ABX.TO has yielded a comparatively higher 11.15% annualized return.

AD-UN.TO

• 1D: -1.06%
• 1M: 5.17%
• YTD: 15.79%
• 6M: 19.55%
• 1Y: 35.94%
• 3Y*: 24.59%
• 5Y*: 15.77%
• 10Y*: 5.99%

ABX.TO

• 1D: -2.53%
• 1M: 12.05%
• YTD: -1.41%
• 6M: 4.31%
• 1Y: 115.96%
• 3Y*: 38.98%
• 5Y*: 18.79%
• 10Y*: 11.15%

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

AD-UN.TO vs. ABX.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AD-UN.TO Alaris Equity Partners Income Trust	15.79%	15.38%	27.16%	10.82%	-7.62%	33.79%	-23.76%	40.26%	-9.96%	-6.82%
ABX.TO Barrick Gold Corporation	-1.41%	173.90%	-4.69%	5.66%	0.12%	-13.90%	21.80%	32.27%	2.91%	-14.68%

Correlation

The correlation between AD-UN.TO and ABX.TO is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.26
Correlation (3Y) Calculated over the trailing 3-year period	0.24
Correlation (5Y) Calculated over the trailing 5-year period	0.19
Correlation (10Y) Calculated over the trailing 10-year period	0.09
Correlation (All Time) Calculated using the full available price history since Nov 19, 2008	0.06

The correlation between AD-UN.TO and ABX.TO shifts across timeframes, from 0.06 (all time) to 0.26 (1 year), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap AD-UN.TO : CA$1.26B ABX.TO : CA$97.50B
EPS AD-UN.TO : CA$2.23 ABX.TO : CA$3.60
PE Ratio AD-UN.TO : 10.51 ABX.TO : 16.18
PEG Ratio AD-UN.TO : 31.53 ABX.TO : 0.19
PS Ratio AD-UN.TO : 5.17 ABX.TO : 5.19
PB Ratio AD-UN.TO : 1.10 ABX.TO : 3.56
Total Revenue (TTM) AD-UN.TO : CA$220.04M ABX.TO : CA$19.02B
Gross Profit (TTM) AD-UN.TO : CA$197.90M ABX.TO : CA$10.15B
EBITDA (TTM) AD-UN.TO : CA$179.07M ABX.TO : CA$12.44B

Return for Risk

AD-UN.TO vs. ABX.TO — Risk / Return Rank

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

AD-UN.TO

AD-UN.TO Risk / Return Rank: 86
AD-UN.TO Sharpe Ratio Rank: 88
AD-UN.TO Sortino Ratio Rank: 86
AD-UN.TO Omega Ratio Rank: 85
AD-UN.TO Calmar Ratio Rank: 81
AD-UN.TO Martin Ratio Rank: 88

ABX.TO

ABX.TO Risk / Return Rank: 89
ABX.TO Sharpe Ratio Rank: 92
ABX.TO Sortino Ratio Rank: 87
ABX.TO Omega Ratio Rank: 88
ABX.TO Calmar Ratio Rank: 88
ABX.TO Martin Ratio Rank: 88

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.

AD-UN.TO vs. ABX.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Alaris Equity Partners Income Trust (AD-UN.TO) and Barrick Gold Corporation (ABX.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.

	AD-UN.TO	ABX.TO	Difference
Sharpe ratio Return per unit of total volatility	2.04	2.67	-0.63
Sortino ratio Return per unit of downside risk	2.83	2.94	-0.10
Omega ratio Gain probability vs. loss probability	1.36	1.41	-0.05
Calmar ratio Return relative to maximum drawdown	2.83	4.09	-1.26
Martin ratio Return relative to average drawdown	10.68	10.67	+0.01
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AD-UN.TO vs. ABX.TO - Sharpe Ratio Comparison

The current AD-UN.TO Sharpe Ratio is 2.04, which is comparable to the ABX.TO Sharpe Ratio of 2.67. The chart below compares the historical Sharpe Ratios of AD-UN.TO and ABX.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AD-UN.TO	ABX.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.04	2.67	-0.63
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.70	0.55	+0.15
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.19	0.31	-0.13
Sharpe Ratio (All Time) Calculated using the full available price history	0.44	0.30	+0.14

Drawdowns

AD-UN.TO vs. ABX.TO - Drawdown Comparison

The maximum AD-UN.TO drawdown since its inception was -74.93%, smaller than the maximum ABX.TO drawdown of -84.49%. Use the drawdown chart below to compare losses from any high point for AD-UN.TO and ABX.TO.

Drawdown Indicators

	AD-UN.TO	ABX.TO	Difference
Max Drawdown Largest peak-to-trough decline	-74.93%	-84.49%	+9.56%
Max Drawdown (1Y) Largest decline over 1 year	-12.74%	-28.49%	+15.75%
Max Drawdown (3Y) Largest decline over 3 years	-18.69%	-28.49%	+9.80%
Max Drawdown (5Y) Largest decline over 5 years	-29.73%	-43.76%	+14.03%
Max Drawdown (10Y) Largest decline over 10 years	-73.03%	-56.55%	-16.48%
Current Drawdown Current decline from peak	-2.46%	-17.97%	+15.51%
Average Drawdown Average peak-to-trough decline	-16.76%	-31.41%	+14.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.37%	10.91%	-7.54%

Volatility

AD-UN.TO vs. ABX.TO - Volatility Comparison

The current volatility for Alaris Equity Partners Income Trust (AD-UN.TO) is 3.98%, while Barrick Gold Corporation (ABX.TO) has a volatility of 16.43%. This indicates that AD-UN.TO experiences smaller price fluctuations and is considered to be less risky than ABX.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AD-UN.TO	ABX.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.98%	16.43%	-12.45%
Volatility (6M) Calculated over the trailing 6-month period	13.79%	33.28%	-19.49%
Volatility (1Y) Calculated over the trailing 1-year period	17.70%	43.70%	-26.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.64%	34.34%	-11.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.24%	35.83%	-3.59%

Dividends

AD-UN.TO vs. ABX.TO - Dividend Comparison

AD-UN.TO's dividend yield for the trailing twelve months is around 6.07%, more than ABX.TO's 2.18% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ABX.TO Barrick Gold Corporation	2.18%	1.23%	2.45%	2.27%	3.64%	4.06%	1.42%	0.92%	1.36%	1.02%	0.59%	1.93%
AD-UN.TO Alaris Equity Partners Income Trust	6.07%	6.75%	7.10%	8.35%	8.29%	6.81%	8.76%	7.55%	9.57%	7.84%	7.49%	6.66%

Financials

AD-UN.TO vs. ABX.TO - Profitability Comparison

The chart below illustrates the profitability comparison between Alaris Equity Partners Income Trust and Barrick Gold Corporation over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

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 - 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 - 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 - 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 - 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%.

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%.

Frequently Asked Questions

Can I hold both AD-UN.TO and ABX.TO in my portfolio?

AD-UN.TO and ABX.TO have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.