AEM.TO vs. OR.TO
AEM.TO (Agnico Eagle Mines Limited) and OR.TO (Osisko Gold Royalties Ltd) are both stocks. Both operate in the Gold industry within the Basic Materials sector. Over the past 10 years, AEM.TO returned 15.27%/yr vs 12.45%/yr for OR.TO. A 0.69 correlation means they provide meaningful diversification when combined.
Performance
AEM.TO vs. OR.TO - Performance Comparison
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Returns By Period
In the year-to-date period, AEM.TO achieves a -2.49% return, which is significantly higher than OR.TO's -2.97% return. Over the past 10 years, AEM.TO has outperformed OR.TO with an annualized return of 15.27%, while OR.TO has yielded a comparatively lower 12.45% 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%
OR.TO
- 1D
- -0.04%
- 1M
- -10.41%
- YTD
- -2.97%
- 6M
- 1.63%
- 1Y
- 33.53%
- 3Y*
- 31.27%
- 5Y*
- 23.09%
- 10Y*
- 12.45%
AEM.TO vs. OR.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% |
OR.TO Osisko Gold Royalties Ltd | -2.97% | 88.16% | 39.17% | 17.33% | 7.02% | -2.67% | 29.76% | 6.96% | -16.11% | 12.23% |
Correlation
The correlation between AEM.TO and OR.TO is 0.79, 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 | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Jun 2, 2014 | 0.69 |
The correlation between AEM.TO and OR.TO shifts across timeframes, from 0.69 (all time) to 0.79 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
AEM.TO:
CA$113.39B
OR.TO:
CA$8.89B
AEM.TO:
CA$10.65
OR.TO:
CA$1.34
AEM.TO:
21.22
OR.TO:
35.10
AEM.TO:
0.32
OR.TO:
0.09
AEM.TO:
8.38
OR.TO:
27.41
AEM.TO:
4.32
OR.TO:
6.03
AEM.TO:
CA$13.56B
OR.TO:
CA$324.98M
AEM.TO:
CA$8.26B
OR.TO:
CA$282.47M
AEM.TO:
CA$9.54B
OR.TO:
CA$324.46M
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Return for Risk
AEM.TO vs. OR.TO — Risk / Return Rank
AEM.TO
OR.TO
AEM.TO vs. OR.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Agnico Eagle Mines Limited (AEM.TO) and Osisko Gold Royalties Ltd (OR.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 | OR.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.19 | ||
| Sortino ratioReturn per unit of downside risk | +0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.17 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.21 | 1.09 | +0.11 |
| Martin ratioReturn relative to average drawdown | 3.18 | 2.49 | +0.70 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AEM.TO | OR.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.96 | 0.77 | +0.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.70 | 0.69 | 0.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.43 | 0.35 | +0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.25 | 0.32 | -0.07 |
Drawdowns
AEM.TO vs. OR.TO - Drawdown Comparison
The maximum AEM.TO drawdown since its inception was -70.33%, which is greater than OR.TO's maximum drawdown of -58.25%. Use the drawdown chart below to compare losses from any high point for AEM.TO and OR.TO.
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Drawdown Indicators
| AEM.TO | OR.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.33% | -58.25% | -12.08% |
Max Drawdown (1Y)Largest decline over 1 year | -34.29% | -30.85% | -3.44% |
Max Drawdown (3Y)Largest decline over 3 years | -34.29% | -30.85% | -3.44% |
Max Drawdown (5Y)Largest decline over 5 years | -42.35% | -34.22% | -8.13% |
Max Drawdown (10Y)Largest decline over 10 years | -55.07% | -57.66% | +2.59% |
Current DrawdownCurrent decline from peak | -34.29% | -27.70% | -6.59% |
Average DrawdownAverage peak-to-trough decline | -29.16% | -16.54% | -12.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.96% | 13.52% | -0.56% |
Volatility
AEM.TO vs. OR.TO - Volatility Comparison
Agnico Eagle Mines Limited (AEM.TO) has a higher volatility of 14.83% compared to Osisko Gold Royalties Ltd (OR.TO) at 13.81%. This indicates that AEM.TO's price experiences larger fluctuations and is considered to be riskier than OR.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 | OR.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.83% | 13.81% | +1.02% |
Volatility (6M)Calculated over the trailing 6-month period | 34.90% | 36.68% | -1.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.09% | 43.70% | -0.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.05% | 33.58% | +1.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.95% | 36.20% | -0.25% |
Dividends
AEM.TO vs. OR.TO - Dividend Comparison
AEM.TO's dividend yield for the trailing twelve months is around 1.04%, more than OR.TO's 0.64% 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% |
OR.TO Osisko Gold Royalties Ltd | 0.64% | 0.60% | 0.98% | 1.24% | 1.35% | 1.36% | 1.24% | 1.58% | 1.67% | 1.24% | 1.22% | 0.95% |
Financials
AEM.TO vs. OR.TO - Financials Comparison
This section allows you to compare key financial metrics between Agnico Eagle Mines Limited and Osisko Gold Royalties Ltd. 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. OR.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%.
OR.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Osisko Gold Royalties Ltd reported a gross profit of 87.05M and revenue of 101.15M. Therefore, the gross margin over that period was 86.1%.
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%.
OR.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Osisko Gold Royalties Ltd reported an operating income of 78.93M and revenue of 101.15M, resulting in an operating margin of 78.0%.
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%.
OR.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Osisko Gold Royalties Ltd reported a net income of 72.38M and revenue of 101.15M, resulting in a net margin of 71.6%.
Frequently Asked Questions
AEM.TO and OR.TO have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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