AEM.TO vs. IDMO

Last updated Jun 13, 2026

AEM.TO (Agnico Eagle Mines Limited) is a stock, while IDMO (Invesco S&P International Developed Momentum ETF) is Momentum fund tracking the S&P Momentum Developed ex U.S. & South Korea LargeMidCap Index. Over the past 10 years, AEM.TO returned 15.41%/yr vs 13.60%/yr for IDMO. At a 0.13 correlation, their price movements are largely independent.

Performance

AEM.TO vs. IDMO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Agnico Eagle Mines Limited (AEM.TO) and Invesco S&P International Developed Momentum ETF (IDMO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

AEM.TO is traded in CAD, while IDMO is traded in USD. To make them comparable, the IDMO 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 -1.88% return, which is significantly lower than IDMO's 10.37% return. Over the past 10 years, AEM.TO has outperformed IDMO with an annualized return of 15.41%, while IDMO has yielded a comparatively lower 13.60% annualized return.

AEM.TO

• 1D: 3.40%
• 1M: -8.01%
• YTD: -1.88%
• 6M: -1.40%
• 1Y: 35.72%
• 3Y*: 53.43%
• 5Y*: 24.09%
• 10Y*: 15.41%

IDMO

• 1D: 1.54%
• 1M: 0.96%
• YTD: 10.37%
• 6M: 11.66%
• 1Y: 28.17%
• 3Y*: 27.08%
• 5Y*: 18.89%
• 10Y*: 13.60%

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

AEM.TO vs. IDMO - 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%
IDMO Invesco S&P International Developed Momentum ETF	10.37%	35.68%	22.34%	17.30%	-6.45%	14.25%	19.11%	20.89%	-9.65%	20.46%

Correlation

The correlation between AEM.TO and IDMO is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.43
Correlation (3Y) Calculated over the trailing 3-year period	0.35
Correlation (5Y) Calculated over the trailing 5-year period	0.29
Correlation (10Y) Calculated over the trailing 10-year period	0.19
Correlation (All Time) Calculated using the full available price history since Feb 24, 2012	0.13

Over the past year, AEM.TO and IDMO have become more correlated (0.43) than their long-term average of 0.13, meaning their price movements have been converging.

Return for Risk

AEM.TO vs. IDMO — 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: 66
AEM.TO Sharpe Ratio Rank: 71
AEM.TO Sortino Ratio Rank: 64
AEM.TO Omega Ratio Rank: 65
AEM.TO Calmar Ratio Rank: 63
AEM.TO Martin Ratio Rank: 67

IDMO

IDMO Risk / Return Rank: 44
IDMO Sharpe Ratio Rank: 42
IDMO Sortino Ratio Rank: 43
IDMO Omega Ratio Rank: 42
IDMO Calmar Ratio Rank: 43
IDMO Martin Ratio Rank: 51

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. IDMO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Agnico Eagle Mines Limited (AEM.TO) and Invesco S&P International Developed Momentum ETF (IDMO). 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	IDMO	Difference
Sharpe ratio: Return per unit of total volatility	0.88	1.42	-0.54
Sortino ratio: Return per unit of downside risk	1.33	2.09	-0.76
Omega ratio: Gain probability vs. loss probability	1.18	1.26	-0.08
Calmar ratio: Return relative to maximum drawdown	1.00	2.18	-1.18
Martin ratio: Return relative to average drawdown	2.79	8.88	-6.09

AEM.TO vs. IDMO - Sharpe Ratio Comparison

The current AEM.TO Sharpe Ratio is 0.88, which is lower than the IDMO Sharpe Ratio of 1.42. The chart below compares the historical Sharpe Ratios of AEM.TO and IDMO, 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

AEM.TO vs. IDMO - Drawdown Comparison

The maximum AEM.TO drawdown since its inception was -70.33%, which is greater than IDMO's maximum drawdown of -30.46%. Use the drawdown chart below to compare losses from any high point for AEM.TO and IDMO.

Drawdown Indicators

	AEM.TO	IDMO	Difference
Max Drawdown Largest peak-to-trough decline	-70.33%	-30.46%	-39.87%
Max Drawdown (1Y) Largest decline over 1 year	-38.24%	-11.93%	-26.31%
Max Drawdown (3Y) Largest decline over 3 years	-38.24%	-13.13%	-25.11%
Max Drawdown (5Y) Largest decline over 5 years	-40.24%	-21.90%	-18.34%
Max Drawdown (10Y) Largest decline over 10 years	-55.07%	-25.51%	-29.56%
Current Drawdown Current decline from peak	-33.88%	-0.71%	-33.17%
Average Drawdown Average peak-to-trough decline	-29.18%	-6.98%	-22.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.73%	2.93%	+10.80%

Volatility

AEM.TO vs. IDMO - Volatility Comparison

Agnico Eagle Mines Limited (AEM.TO) has a higher volatility of 15.84% compared to Invesco S&P International Developed Momentum ETF (IDMO) at 8.05%. This indicates that AEM.TO's price experiences larger fluctuations and is considered to be riskier than IDMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AEM.TO	IDMO	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.84%	8.05%	+7.79%
Volatility (6M) Calculated over the trailing 6-month period	35.38%	16.28%	+19.10%
Volatility (1Y) Calculated over the trailing 1-year period	43.51%	18.31%	+25.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.15%	19.00%	+16.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	36.00%	19.23%	+16.77%

Dividends

AEM.TO vs. IDMO - Dividend Comparison

AEM.TO's dividend yield for the trailing twelve months is around 1.03%, less than IDMO's 3.52% 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%
IDMO Invesco S&P International Developed Momentum ETF	3.52%	3.71%	2.24%	2.89%	3.66%	1.81%	1.63%	2.78%	3.27%	3.08%	2.18%	2.52%

Frequently Asked Questions

Can I hold both AEM.TO and IDMO in my portfolio?

AEM.TO and IDMO have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.