AEM.TO vs. EIT-UN.TO

Last updated Jun 9, 2026

AEM.TO (Agnico Eagle Mines Limited) is a stock, while EIT-UN.TO (Canoe EIT Income Fund) is Diversified Portfolio fund actively managed by Canoe. Over the past 10 years, AEM.TO returned 15.27%/yr vs 15.69%/yr for EIT-UN.TO. At a 0.16 correlation, their price movements are largely independent.

Performance

AEM.TO vs. EIT-UN.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Agnico Eagle Mines Limited (AEM.TO) and Canoe EIT Income Fund (EIT-UN.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AEM.TO achieves a -2.49% return, which is significantly lower than EIT-UN.TO's 13.19% return. Both investments have delivered pretty close results over the past 10 years, with AEM.TO having a 15.27% annualized return and EIT-UN.TO not far ahead at 15.69%.

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%

EIT-UN.TO

• 1D: 0.12%
• 1M: 1.76%
• YTD: 13.19%
• 6M: 14.28%
• 1Y: 20.10%
• 3Y*: 20.41%
• 5Y*: 16.99%
• 10Y*: 15.69%

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

AEM.TO vs. EIT-UN.TO - 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%
EIT-UN.TO Canoe EIT Income Fund	13.19%	11.81%	27.99%	5.94%	10.49%	49.02%	7.74%	12.45%	-3.05%	9.56%

Correlation

The correlation between AEM.TO and EIT-UN.TO is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.35
Correlation (3Y) Calculated over the trailing 3-year period	0.30
Correlation (5Y) Calculated over the trailing 5-year period	0.25
Correlation (10Y) Calculated over the trailing 10-year period	0.12
Correlation (All Time) Calculated using the full available price history since Jul 10, 2006	0.16

The correlation between AEM.TO and EIT-UN.TO shifts across timeframes, from 0.12 (10 years) to 0.35 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

AEM.TO vs. EIT-UN.TO — Risk / Return Rank

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

AEM.TO

AEM.TO Risk / Return Rank: 67
AEM.TO Sharpe Ratio Rank: 71
AEM.TO Sortino Ratio Rank: 65
AEM.TO Omega Ratio Rank: 66
AEM.TO Calmar Ratio Rank: 66
AEM.TO Martin Ratio Rank: 69

EIT-UN.TO

EIT-UN.TO Risk / Return Rank: 71
EIT-UN.TO Sharpe Ratio Rank: 67
EIT-UN.TO Sortino Ratio Rank: 74
EIT-UN.TO Omega Ratio Rank: 65
EIT-UN.TO Calmar Ratio Rank: 78
EIT-UN.TO Martin Ratio Rank: 72

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.

AEM.TO vs. EIT-UN.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Agnico Eagle Mines Limited (AEM.TO) and Canoe EIT Income Fund (EIT-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.

	AEM.TO	EIT-UN.TO	Difference
Sharpe ratio: Return per unit of total volatility	0.96	2.29	-1.33
Sortino ratio: Return per unit of downside risk	1.40	3.46	-2.06
Omega ratio: Gain probability vs. loss probability	1.19	1.42	-0.23
Calmar ratio: Return relative to maximum drawdown	1.21	3.40	-2.20
Martin ratio: Return relative to average drawdown	3.18	13.03	-9.85
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AEM.TO vs. EIT-UN.TO - Sharpe Ratio Comparison

The current AEM.TO Sharpe Ratio is 0.96, which is lower than the EIT-UN.TO Sharpe Ratio of 2.29. The chart below compares the historical Sharpe Ratios of AEM.TO and EIT-UN.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

	AEM.TO	EIT-UN.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.96	2.29	-1.33
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.70	1.40	-0.70
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.43	0.90	-0.47
Sharpe Ratio (All Time) Calculated using the full available price history	0.25	0.45	-0.21

Drawdowns

AEM.TO vs. EIT-UN.TO - Drawdown Comparison

The maximum AEM.TO drawdown since its inception was -70.33%, which is greater than EIT-UN.TO's maximum drawdown of -63.56%. Use the drawdown chart below to compare losses from any high point for AEM.TO and EIT-UN.TO.

Drawdown Indicators

	AEM.TO	EIT-UN.TO	Difference
Max Drawdown Largest peak-to-trough decline	-70.33%	-63.56%	-6.77%
Max Drawdown (1Y) Largest decline over 1 year	-34.29%	-5.93%	-28.36%
Max Drawdown (3Y) Largest decline over 3 years	-34.29%	-9.45%	-24.84%
Max Drawdown (5Y) Largest decline over 5 years	-42.35%	-15.57%	-26.78%
Max Drawdown (10Y) Largest decline over 10 years	-55.07%	-50.36%	-4.71%
Current Drawdown Current decline from peak	-34.29%	-0.52%	-33.77%
Average Drawdown Average peak-to-trough decline	-29.16%	-8.81%	-20.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.96%	1.55%	+11.41%

Volatility

AEM.TO vs. EIT-UN.TO - Volatility Comparison

Agnico Eagle Mines Limited (AEM.TO) has a higher volatility of 14.83% compared to Canoe EIT Income Fund (EIT-UN.TO) at 2.55%. This indicates that AEM.TO's price experiences larger fluctuations and is considered to be riskier than EIT-UN.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AEM.TO	EIT-UN.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.83%	2.55%	+12.28%
Volatility (6M) Calculated over the trailing 6-month period	34.90%	7.53%	+27.37%
Volatility (1Y) Calculated over the trailing 1-year period	43.09%	8.82%	+34.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.05%	12.22%	+22.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.95%	17.53%	+18.42%

Dividends

AEM.TO vs. EIT-UN.TO - Dividend Comparison

AEM.TO's dividend yield for the trailing twelve months is around 1.04%, less than EIT-UN.TO's 6.95% yield.

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%
EIT-UN.TO Canoe EIT Income Fund	6.95%	7.64%	7.90%	9.29%	8.97%	9.08%	12.20%	11.53%	11.65%	10.16%	10.06%	10.71%

Frequently Asked Questions

Can I hold both AEM.TO and EIT-UN.TO in my portfolio?

AEM.TO and EIT-UN.TO have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.