AEM.TO vs. LUG.TO
AEM.TO (Agnico Eagle Mines Limited) and LUG.TO (Lundin Gold Inc.) are both stocks. Both operate in the Gold industry within the Basic Materials sector. Over the past 10 years, AEM.TO returned 15.41%/yr vs 32.69%/yr for LUG.TO. At a 0.31 correlation, their price movements are largely independent.
Performance
AEM.TO vs. LUG.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 higher than LUG.TO's -26.40% return. Over the past 10 years, AEM.TO has underperformed LUG.TO with an annualized return of 15.41%, while LUG.TO has yielded a comparatively higher 32.69% 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%
LUG.TO
- 1D
- 1.08%
- 1M
- -4.54%
- YTD
- -26.40%
- 6M
- -24.67%
- 1Y
- 16.11%
- 3Y*
- 79.74%
- 5Y*
- 53.19%
- 10Y*
- 32.69%
AEM.TO vs. LUG.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% |
LUG.TO Lundin Gold Inc. | -26.40% | 291.22% | 91.60% | 29.55% | 30.60% | -4.67% | 31.21% | 66.93% | 10.15% | -13.88% |
Correlation
The correlation between AEM.TO and LUG.TO is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Jul 12, 2006 | 0.31 |
Over the past year, AEM.TO and LUG.TO have become more correlated (0.76) than their long-term average of 0.31, meaning their price movements have been converging.
Fundamentals
AEM.TO:
CA$114.10B
LUG.TO:
CA$18.65B
AEM.TO:
$10.65
LUG.TO:
$3.77
AEM.TO:
15.27
LUG.TO:
14.57
AEM.TO:
0.23
LUG.TO:
0.19
AEM.TO:
6.03
LUG.TO:
6.66
AEM.TO:
3.11
LUG.TO:
9.79
AEM.TO:
$13.56B
LUG.TO:
$2.00B
AEM.TO:
$8.26B
LUG.TO:
$1.41B
AEM.TO:
$9.54B
LUG.TO:
$1.43B
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Return for Risk
AEM.TO vs. LUG.TO — Risk / Return Rank
AEM.TO
LUG.TO
AEM.TO vs. LUG.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Agnico Eagle Mines Limited (AEM.TO) and Lundin Gold Inc. (LUG.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 | LUG.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.57 | ||
| Sortino ratioReturn per unit of downside risk | +0.54 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.10 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.00 | 0.46 | +0.54 |
| Martin ratioReturn relative to average drawdown | 2.79 | 1.23 | +1.56 |
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Drawdowns
AEM.TO vs. LUG.TO - Drawdown Comparison
The maximum AEM.TO drawdown since its inception was -70.33%, smaller than the maximum LUG.TO drawdown of -94.74%. Use the drawdown chart below to compare losses from any high point for AEM.TO and LUG.TO.
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Drawdown Indicators
| AEM.TO | LUG.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.33% | -94.74% | +24.41% |
Max Drawdown (1Y)Largest decline over 1 year | -38.24% | -37.89% | -0.35% |
Max Drawdown (3Y)Largest decline over 3 years | -38.24% | -37.89% | -0.35% |
Max Drawdown (5Y)Largest decline over 5 years | -40.24% | -37.89% | -2.35% |
Max Drawdown (10Y)Largest decline over 10 years | -55.07% | -41.84% | -13.23% |
Current DrawdownCurrent decline from peak | -33.88% | -34.73% | +0.85% |
Average DrawdownAverage peak-to-trough decline | -29.18% | -67.67% | +38.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.73% | 14.24% | -0.51% |
Volatility
AEM.TO vs. LUG.TO - Volatility Comparison
The current volatility for Agnico Eagle Mines Limited (AEM.TO) is 15.84%, while Lundin Gold Inc. (LUG.TO) has a volatility of 17.86%. This indicates that AEM.TO experiences smaller price fluctuations and is considered to be less risky than LUG.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 | LUG.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.84% | 17.86% | -2.02% |
Volatility (6M)Calculated over the trailing 6-month period | 35.38% | 42.07% | -6.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.51% | 55.97% | -12.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.15% | 46.54% | -11.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.00% | 43.40% | -7.40% |
Dividends
AEM.TO vs. LUG.TO - Dividend Comparison
AEM.TO's dividend yield for the trailing twelve months is around 1.03%, less than LUG.TO's 6.79% 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% |
LUG.TO Lundin Gold Inc. | 6.79% | 3.35% | 2.69% | 3.26% | 1.97% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
AEM.TO vs. LUG.TO - Financials Comparison
This section allows you to compare key financial metrics between Agnico Eagle Mines Limited and Lundin Gold 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. LUG.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%.
LUG.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Lundin Gold Inc. reported a gross profit of 420.70M and revenue of 567.38M. Therefore, the gross margin over that period was 74.2%.
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%.
LUG.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Lundin Gold Inc. reported an operating income of 391.03M and revenue of 567.38M, resulting in an operating margin of 68.9%.
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%.
LUG.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Lundin Gold Inc. reported a net income of 273.33M and revenue of 567.38M, resulting in a net margin of 48.2%.
Frequently Asked Questions
AEM.TO and LUG.TO have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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