AEM.TO vs. BMO.TO
AEM.TO (Agnico Eagle Mines Limited) and BMO.TO (Bank of Montreal) are both stocks. AEM.TO operates in Gold (Basic Materials), while BMO.TO operates in Banks - Diversified (Financial Services). Over the past 10 years, AEM.TO returned 15.41%/yr vs 15.95%/yr for BMO.TO. At a 0.03 correlation, their price movements are largely independent.
Performance
AEM.TO vs. BMO.TO - Performance Comparison
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Returns By Period
In the year-to-date period, AEM.TO achieves a -1.88% return, which is significantly lower than BMO.TO's 34.22% return. Both investments have delivered pretty close results over the past 10 years, with AEM.TO having a 15.41% annualized return and BMO.TO not far ahead at 15.95%.
AEM.TO
- 1D
- 3.40%
- 1M
- -15.09%
- YTD
- -1.88%
- 6M
- -1.40%
- 1Y
- 38.18%
- 3Y*
- 53.43%
- 5Y*
- 24.09%
- 10Y*
- 15.41%
BMO.TO
- 1D
- 1.21%
- 1M
- 14.20%
- YTD
- 34.22%
- 6M
- 31.97%
- 1Y
- 65.34%
- 3Y*
- 31.53%
- 5Y*
- 18.07%
- 10Y*
- 15.95%
AEM.TO vs. BMO.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AEM.TO Agnico Eagle Mines Limited | -1.88% | 109.63% | 58.54% | 6.65% | 8.01% | -23.56% | 13.64% | 46.58% | -4.22% | 3.57% |
BMO.TO Bank of Montreal | 34.22% | 33.33% | 11.74% | 12.19% | -6.19% | 45.89% | 1.29% | 17.51% | -7.94% | 7.99% |
Correlation
The correlation between AEM.TO and BMO.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 | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Jul 12, 2006 | 0.03 |
Over the past year, AEM.TO and BMO.TO have become more correlated (0.32) than their long-term average of 0.03, meaning their price movements have been converging.
Fundamentals
AEM.TO:
CA$114.10B
BMO.TO:
CA$165.75B
AEM.TO:
$10.65
BMO.TO:
CA$13.65
AEM.TO:
15.27
BMO.TO:
17.23
AEM.TO:
0.23
BMO.TO:
0.79
AEM.TO:
6.03
BMO.TO:
2.18
AEM.TO:
3.11
BMO.TO:
2.13
AEM.TO:
$13.56B
BMO.TO:
CA$77.04B
AEM.TO:
$8.26B
BMO.TO:
CA$34.47B
AEM.TO:
$9.54B
BMO.TO:
CA$14.20B
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Return for Risk
AEM.TO vs. BMO.TO — Risk / Return Rank
AEM.TO
BMO.TO
AEM.TO vs. BMO.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Agnico Eagle Mines Limited (AEM.TO) and Bank of Montreal (BMO.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.
| AEM.TO | BMO.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.81 | ||
| Sortino ratioReturn per unit of downside risk | -3.42 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.62 | -0.44 |
| Calmar ratioReturn relative to maximum drawdown | 1.00 | 6.49 | -5.49 |
| Martin ratioReturn relative to average drawdown | 2.79 | 23.72 | -20.93 |
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Drawdowns
AEM.TO vs. BMO.TO - Drawdown Comparison
The maximum AEM.TO drawdown since its inception was -70.33%, which is greater than BMO.TO's maximum drawdown of -62.39%. Use the drawdown chart below to compare losses from any high point for AEM.TO and BMO.TO.
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Drawdown Indicators
| AEM.TO | BMO.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.33% | -62.39% | -7.94% |
Max Drawdown (1Y)Largest decline over 1 year | -38.24% | -10.12% | -28.12% |
Max Drawdown (3Y)Largest decline over 3 years | -38.24% | -16.57% | -21.67% |
Max Drawdown (5Y)Largest decline over 5 years | -41.38% | -27.47% | -13.91% |
Max Drawdown (10Y)Largest decline over 10 years | -55.07% | -45.59% | -9.48% |
Current DrawdownCurrent decline from peak | -33.88% | 0.00% | -33.88% |
Average DrawdownAverage peak-to-trough decline | -29.18% | -9.03% | -20.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.73% | 2.78% | +10.95% |
Volatility
AEM.TO vs. BMO.TO - Volatility Comparison
Agnico Eagle Mines Limited (AEM.TO) has a higher volatility of 15.84% compared to Bank of Montreal (BMO.TO) at 4.56%. This indicates that AEM.TO's price experiences larger fluctuations and is considered to be riskier than BMO.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AEM.TO | BMO.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.84% | 4.56% | +11.28% |
Volatility (6M)Calculated over the trailing 6-month period | 35.38% | 14.51% | +20.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.51% | 17.79% | +25.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.15% | 18.36% | +16.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.00% | 21.00% | +15.00% |
Dividends
AEM.TO vs. BMO.TO - Dividend Comparison
AEM.TO's dividend yield for the trailing twelve months is around 1.03%, less than BMO.TO's 2.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AEM.TO Agnico Eagle Mines Limited | 1.03% | 0.97% | 1.95% | 2.98% | 2.81% | 2.08% | 1.34% | 0.81% | 0.80% | 0.77% | 0.75% | 0.95% |
BMO.TO Bank of Montreal | 2.81% | 3.61% | 4.39% | 4.42% | 4.44% | 3.11% | 4.38% | 4.03% | 4.24% | 3.54% | 3.52% | 4.15% |
Financials
AEM.TO vs. BMO.TO - Financials Comparison
This section allows you to compare key financial metrics between Agnico Eagle Mines Limited and Bank of Montreal. 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. BMO.TO - 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%.
BMO.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Bank of Montreal reported a gross profit of 8.79B and revenue of 19.27B. Therefore, the gross margin over that period was 45.6%.
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%.
BMO.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Bank of Montreal reported an operating income of 3.50B and revenue of 19.27B, resulting in an operating margin of 18.2%.
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%.
BMO.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Bank of Montreal reported a net income of 2.63B and revenue of 19.27B, resulting in a net margin of 13.6%.
Frequently Asked Questions
AEM.TO and BMO.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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