AEM.TO vs. AXON
AEM.TO (Agnico Eagle Mines Limited) and AXON (Axon Enterprise, Inc.) are both stocks. AEM.TO operates in Gold (Basic Materials), while AXON operates in Aerospace & Defense (Industrials). Over the past 10 years, AEM.TO returned 15.27%/yr vs 36.63%/yr for AXON. At a 0.05 correlation, their price movements are largely independent.
Performance
AEM.TO vs. AXON - Performance Comparison
Loading charts...
Different Trading Currencies
AEM.TO is traded in CAD, while AXON is traded in USD. To make them comparable, the AXON values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, AEM.TO achieves a -2.49% return, which is significantly higher than AXON's -15.54% return. Over the past 10 years, AEM.TO has underperformed AXON with an annualized return of 15.27%, while AXON has yielded a comparatively higher 36.63% annualized return.
AEM.TO
- 1D
- -0.89%
- 1M
- -14.34%
- YTD
- -2.49%
- 6M
- -0.60%
- 1Y
- 41.16%
- 3Y*
- 52.05%
- 5Y*
- 24.22%
- 10Y*
- 15.27%
AXON
- 1D
- -2.83%
- 1M
- 19.16%
- YTD
- -15.54%
- 6M
- -14.16%
- 1Y
- -39.30%
- 3Y*
- 36.14%
- 5Y*
- 29.65%
- 10Y*
- 36.63%
AEM.TO vs. AXON - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AEM.TO Agnico Eagle Mines Limited | -2.49% | 109.63% | 58.54% | 6.65% | 8.01% | -23.56% | 13.64% | 46.58% | -4.22% | 3.57% |
AXON Axon Enterprise, Inc. | -15.54% | -8.80% | 149.54% | 51.98% | 12.39% | 28.07% | 63.24% | 60.59% | 78.98% | 1.92% |
Correlation
The correlation between AEM.TO and AXON is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Jul 6, 2006 | 0.05 |
Fundamentals
AEM.TO:
CA$113.39B
AXON:
$38.85B
AEM.TO:
CA$10.65
AXON:
$2.41
AEM.TO:
21.22
AXON:
195.83
AEM.TO:
0.32
AXON:
0.06
AEM.TO:
8.38
AXON:
13.54
AEM.TO:
4.32
AXON:
10.99
AEM.TO:
CA$13.56B
AXON:
$2.98B
AEM.TO:
CA$8.26B
AXON:
$1.77B
AEM.TO:
CA$9.54B
AXON:
$156.24M
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
AEM.TO vs. AXON — Risk / Return Rank
AEM.TO
AXON
AEM.TO vs. AXON - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Agnico Eagle Mines Limited (AEM.TO) and Axon Enterprise, Inc. (AXON). 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.
| AEM.TO | AXON | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.67 | ||
| Sortino ratioReturn per unit of downside risk | +2.28 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 0.89 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 1.21 | -0.66 | +1.86 |
| Martin ratioReturn relative to average drawdown | 3.18 | -1.14 | +4.32 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| AEM.TO | AXON | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.96 | -0.71 | +1.67 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.70 | 0.62 | +0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.43 | 0.74 | -0.31 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.25 | 0.47 | -0.23 |
Drawdowns
AEM.TO vs. AXON - Drawdown Comparison
The maximum AEM.TO drawdown since its inception was -70.33%, smaller than the maximum AXON drawdown of -91.44%. Use the drawdown chart below to compare losses from any high point for AEM.TO and AXON.
Loading charts...
Drawdown Indicators
| AEM.TO | AXON | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.33% | -91.44% | +21.11% |
Max Drawdown (1Y)Largest decline over 1 year | -34.29% | -60.04% | +25.75% |
Max Drawdown (3Y)Largest decline over 3 years | -34.29% | -60.04% | +25.75% |
Max Drawdown (5Y)Largest decline over 5 years | -42.35% | -60.04% | +17.69% |
Max Drawdown (10Y)Largest decline over 10 years | -55.07% | -60.04% | +4.97% |
Current DrawdownCurrent decline from peak | -34.29% | -45.11% | +10.82% |
Average DrawdownAverage peak-to-trough decline | -29.16% | -45.14% | +15.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.96% | 34.59% | -21.63% |
Volatility
AEM.TO vs. AXON - Volatility Comparison
The current volatility for Agnico Eagle Mines Limited (AEM.TO) is 14.83%, while Axon Enterprise, Inc. (AXON) has a volatility of 19.16%. This indicates that AEM.TO experiences smaller price fluctuations and is considered to be less risky than AXON based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| AEM.TO | AXON | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.83% | 19.16% | -4.33% |
Volatility (6M)Calculated over the trailing 6-month period | 34.90% | 44.45% | -9.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.09% | 55.96% | -12.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.05% | 48.29% | -13.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.95% | 49.68% | -13.73% |
Dividends
AEM.TO vs. AXON - Dividend Comparison
AEM.TO's dividend yield for the trailing twelve months is around 1.04%, while AXON has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AEM.TO Agnico Eagle Mines Limited | 1.04% | 0.97% | 1.95% | 2.98% | 2.81% | 2.08% | 1.34% | 0.81% | 0.80% | 0.77% | 0.75% | 0.95% |
AXON Axon Enterprise, 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
AEM.TO vs. AXON - Financials Comparison
This section allows you to compare key financial metrics between Agnico Eagle Mines Limited and Axon Enterprise, 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
AEM.TO vs. AXON - Profitability Comparison
AEM.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Agnico Eagle Mines Limited reported a gross profit of 2.72B and revenue of 4.10B. Therefore, the gross margin over that period was 66.4%.
AXON - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Axon Enterprise, Inc. reported a gross profit of 477.29M and revenue of 807.35M. Therefore, the gross margin over that period was 59.1%.
AEM.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Agnico Eagle Mines Limited reported an operating income of 2.56B and revenue of 4.10B, resulting in an operating margin of 62.4%.
AXON - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Axon Enterprise, Inc. reported an operating income of 29.24M and revenue of 807.35M, resulting in an operating margin of 3.6%.
AEM.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Agnico Eagle Mines Limited reported a net income of 1.70B and revenue of 4.10B, resulting in a net margin of 41.4%.
AXON - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Axon Enterprise, Inc. reported a net income of 169.31M and revenue of 807.35M, resulting in a net margin of 21.0%.
Frequently Asked Questions
AEM.TO and AXON have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for AEM.TO and AXON
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer