AEM.TO vs. TVE.TO
AEM.TO (Agnico Eagle Mines Limited) and TVE.TO (Tamarack Valley Energy Ltd.) are both stocks. AEM.TO operates in Gold (Basic Materials), while TVE.TO operates in Oil & Gas E&P (Energy). Over the past 10 years, AEM.TO returned 15.41%/yr vs 14.90%/yr for TVE.TO. At a 0.05 correlation, their price movements are largely independent.
Performance
AEM.TO vs. TVE.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 TVE.TO's 63.75% return. Both investments have delivered pretty close results over the past 10 years, with AEM.TO having a 15.41% annualized return and TVE.TO not far behind at 14.90%.
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%
TVE.TO
- 1D
- -1.74%
- 1M
- 4.33%
- YTD
- 63.75%
- 6M
- 68.02%
- 1Y
- 182.18%
- 3Y*
- 62.92%
- 5Y*
- 41.15%
- 10Y*
- 14.90%
AEM.TO vs. TVE.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% |
TVE.TO Tamarack Valley Energy Ltd. | 63.75% | 71.65% | 62.29% | -28.32% | 18.84% | 203.15% | -36.50% | -15.25% | -17.48% | -17.34% |
Correlation
The correlation between AEM.TO and TVE.TO is 0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Feb 13, 2008 | 0.05 |
The correlation between AEM.TO and TVE.TO shifts across timeframes, from 0.01 (1 year) to 0.15 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
AEM.TO:
CA$114.10B
TVE.TO:
CA$6.38B
AEM.TO:
$10.65
TVE.TO:
-CA$0.19
AEM.TO:
6.03
TVE.TO:
4.50
AEM.TO:
3.11
TVE.TO:
3.62
AEM.TO:
$13.56B
TVE.TO:
CA$1.44B
AEM.TO:
$8.26B
TVE.TO:
CA$560.03M
AEM.TO:
$9.54B
TVE.TO:
CA$596.84M
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Return for Risk
AEM.TO vs. TVE.TO — Risk / Return Rank
AEM.TO
TVE.TO
AEM.TO vs. TVE.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Agnico Eagle Mines Limited (AEM.TO) and Tamarack Valley Energy Ltd. (TVE.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 | TVE.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.28 | ||
| Sortino ratioReturn per unit of downside risk | -3.49 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.66 | -0.48 |
| Calmar ratioReturn relative to maximum drawdown | 1.00 | 18.36 | -17.36 |
| Martin ratioReturn relative to average drawdown | 2.79 | 58.84 | -56.06 |
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Drawdowns
AEM.TO vs. TVE.TO - Drawdown Comparison
The maximum AEM.TO drawdown since its inception was -70.33%, smaller than the maximum TVE.TO drawdown of -94.30%. Use the drawdown chart below to compare losses from any high point for AEM.TO and TVE.TO.
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Drawdown Indicators
| AEM.TO | TVE.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.33% | -94.30% | +23.97% |
Max Drawdown (1Y)Largest decline over 1 year | -38.24% | -9.99% | -28.25% |
Max Drawdown (3Y)Largest decline over 3 years | -38.24% | -34.89% | -3.35% |
Max Drawdown (5Y)Largest decline over 5 years | -41.38% | -53.72% | +12.34% |
Max Drawdown (10Y)Largest decline over 10 years | -55.07% | -91.68% | +36.61% |
Current DrawdownCurrent decline from peak | -33.88% | -6.60% | -27.28% |
Average DrawdownAverage peak-to-trough decline | -29.18% | -51.13% | +21.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.73% | 3.11% | +10.62% |
Volatility
AEM.TO vs. TVE.TO - Volatility Comparison
Agnico Eagle Mines Limited (AEM.TO) and Tamarack Valley Energy Ltd. (TVE.TO) have volatilities of 15.84% and 15.63%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AEM.TO | TVE.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.84% | 15.63% | +0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 35.38% | 29.53% | +5.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.51% | 35.60% | +7.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.15% | 43.76% | -8.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.00% | 52.95% | -16.95% |
Dividends
AEM.TO vs. TVE.TO - Dividend Comparison
AEM.TO's dividend yield for the trailing twelve months is around 1.03%, more than TVE.TO's 1.00% 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% |
TVE.TO Tamarack Valley Energy Ltd. | 1.00% | 1.93% | 3.15% | 4.90% | 2.63% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
AEM.TO vs. TVE.TO - Financials Comparison
This section allows you to compare key financial metrics between Agnico Eagle Mines Limited and Tamarack Valley Energy 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. TVE.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%.
TVE.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Tamarack Valley Energy Ltd. reported a gross profit of 182.80M and revenue of 375.55M. Therefore, the gross margin over that period was 48.7%.
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%.
TVE.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Tamarack Valley Energy Ltd. reported an operating income of 163.31M and revenue of 375.55M, resulting in an operating margin of 43.5%.
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%.
TVE.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Tamarack Valley Energy Ltd. reported a net income of 5.65M and revenue of 375.55M, resulting in a net margin of 1.5%.
Frequently Asked Questions
AEM.TO and TVE.TO have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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