AEM.TO vs. XAUUSD=X

Last updated Apr 3, 2026

Compare and contrast key facts about Agnico Eagle Mines Limited (AEM.TO) and Gold Spot Price US Dollar (XAUUSD=X).

Performance

AEM.TO vs. XAUUSD=X - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Agnico Eagle Mines Limited (AEM.TO) and Gold Spot Price US Dollar (XAUUSD=X). The values are adjusted to include any dividend payments, if applicable.

AEM.TO vs. XAUUSD=X - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AEM.TO Agnico Eagle Mines Limited	24.88%	109.61%	58.54%	6.66%	8.18%	-22.88%	13.71%	46.75%	-3.97%	3.72%
XAUUSD=X Gold Spot Price US Dollar	9.79%	57.19%	38.17%	10.64%	6.86%	-4.37%	22.45%	12.93%	6.62%	5.94%

Different Trading Currencies

AEM.TO is traded in CAD, while XAUUSD=X is traded in USD. To make them comparable, the XAUUSD=X 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 24.88% return, which is significantly higher than XAUUSD=X's 9.79% return. Over the past 10 years, AEM.TO has outperformed XAUUSD=X with an annualized return of 22.26%, while XAUUSD=X has yielded a comparatively lower 15.14% annualized return.

AEM.TO

• 1D: -0.63%
• 1M: -9.46%
• YTD: 24.88%
• 6M: 24.12%
• 1Y: 90.36%
• 3Y*: 63.57%
• 5Y*: 34.45%
• 10Y*: 22.26%

XAUUSD=X

• 1D: -1.35%
• 1M: -6.45%
• YTD: 9.79%
• 6M: 20.89%
• 1Y: 45.99%
• 3Y*: 34.67%
• 5Y*: 24.44%
• 10Y*: 15.14%

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

Return for Risk

AEM.TO vs. XAUUSD=X — 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: 87
AEM.TO Sharpe Ratio Rank: 91
AEM.TO Sortino Ratio Rank: 84
AEM.TO Omega Ratio Rank: 85
AEM.TO Calmar Ratio Rank: 85
AEM.TO Martin Ratio Rank: 88

XAUUSD=X

XAUUSD=X Risk / Return Rank: 89
XAUUSD=X Sharpe Ratio Rank: 93
XAUUSD=X Sortino Ratio Rank: 91
XAUUSD=X Omega Ratio Rank: 91
XAUUSD=X Calmar Ratio Rank: 84
XAUUSD=X Martin Ratio Rank: 87

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. XAUUSD=X - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Agnico Eagle Mines Limited (AEM.TO) and Gold Spot Price US Dollar (XAUUSD=X). 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	XAUUSD=X	Difference
Sharpe ratio Return per unit of total volatility	2.12	1.61	+0.51
Sortino ratio Return per unit of downside risk	2.42	2.07	+0.35
Omega ratio Gain probability vs. loss probability	1.35	1.31	+0.04
Calmar ratio Return relative to maximum drawdown	3.19	2.21	+0.99
Martin ratio Return relative to average drawdown	10.54	7.85	+2.69
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. XAUUSD=X - Sharpe Ratio Comparison

The current AEM.TO Sharpe Ratio is 2.12, which is higher than the XAUUSD=X Sharpe Ratio of 1.61. The chart below compares the historical Sharpe Ratios of AEM.TO and XAUUSD=X, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	AEM.TO	XAUUSD=X	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.12	1.61	+0.51
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.01	1.43	-0.42
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.62	0.97	-0.35
Sharpe Ratio (All Time) Calculated using the full available price history	0.23	0.68	-0.45

Correlation

The correlation between AEM.TO and XAUUSD=X is 0.57, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Drawdowns

AEM.TO vs. XAUUSD=X - Drawdown Comparison

The maximum AEM.TO drawdown since its inception was -84.38%, which is greater than XAUUSD=X's maximum drawdown of -33.12%. Use the drawdown chart below to compare losses from any high point for AEM.TO and XAUUSD=X.

Drawdown Indicators

	AEM.TO	XAUUSD=X	Difference
Max Drawdown Largest peak-to-trough decline	-84.38%	-44.69%	-39.69%
Max Drawdown (1Y) Largest decline over 1 year	-27.98%	-19.70%	-8.28%
Max Drawdown (5Y) Largest decline over 5 years	-42.33%	-20.81%	-21.52%
Max Drawdown (10Y) Largest decline over 10 years	-54.60%	-21.35%	-33.25%
Current Drawdown Current decline from peak	-15.85%	-13.69%	-2.16%
Average Drawdown Average peak-to-trough decline	-34.24%	-16.32%	-17.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.47%	5.67%	+2.80%

Volatility

AEM.TO vs. XAUUSD=X - Volatility Comparison

Agnico Eagle Mines Limited (AEM.TO) has a higher volatility of 15.19% compared to Gold Spot Price US Dollar (XAUUSD=X) at 9.52%. This indicates that AEM.TO's price experiences larger fluctuations and is considered to be riskier than XAUUSD=X based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AEM.TO	XAUUSD=X	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.19%	9.52%	+5.67%
Volatility (6M) Calculated over the trailing 6-month period	35.09%	20.10%	+14.99%
Volatility (1Y) Calculated over the trailing 1-year period	42.88%	22.26%	+20.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.39%	15.36%	+19.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.99%	14.55%	+21.44%