AEM vs. ASM
AEM (Agnico Eagle Mines Limited) and ASM (Avino Silver & Gold Mines Ltd.) are both stocks. Both are in the Basic Materials sector — AEM in Gold, ASM in Other Precious Metals & Mining. Over the past 10 years, AEM returned 14.70%/yr vs 11.05%/yr for ASM. At a 0.40 correlation, their price movements are largely independent.
Performance
AEM vs. ASM - Performance Comparison
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Returns By Period
In the year-to-date period, AEM achieves a -3.66% return, which is significantly lower than ASM's 2.90% return. Over the past 10 years, AEM has outperformed ASM with an annualized return of 14.70%, while ASM has yielded a comparatively lower 11.05% annualized return.
AEM
- 1D
- 3.09%
- 1M
- -9.59%
- YTD
- -3.66%
- 6M
- -2.93%
- 1Y
- 31.90%
- 3Y*
- 50.92%
- 5Y*
- 20.78%
- 10Y*
- 14.70%
ASM
- 1D
- 6.86%
- 1M
- -10.50%
- YTD
- 2.90%
- 6M
- 7.58%
- 1Y
- 79.49%
- 3Y*
- 109.07%
- 5Y*
- 37.29%
- 10Y*
- 11.05%
AEM vs. ASM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AEM Agnico Eagle Mines Limited | -3.66% | 119.53% | 46.04% | 8.98% | 1.08% | -22.81% | 17.39% | 54.18% | -11.51% | 10.92% |
ASM Avino Silver & Gold Mines Ltd. | 2.90% | 604.88% | 68.13% | -22.95% | -21.01% | -33.77% | 124.14% | -4.92% | -54.48% | -2.19% |
Correlation
The correlation between AEM and ASM is 0.69, 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 | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Nov 21, 2005 | 0.40 |
Over the past year, AEM and ASM have become more correlated (0.69) than their long-term average of 0.40, meaning their price movements have been converging.
Fundamentals
AEM:
$81.60B
ASM:
$1.11B
AEM:
$10.60
ASM:
$0.23
AEM:
15.35
ASM:
28.13
AEM:
0.24
ASM:
0.08
AEM:
6.06
ASM:
9.37
AEM:
3.11
ASM:
4.02
AEM:
$13.51B
ASM:
$110.70M
AEM:
$8.28B
ASM:
$59.09M
AEM:
$9.72B
ASM:
$55.20M
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Return for Risk
AEM vs. ASM — Risk / Return Rank
AEM
ASM
AEM vs. ASM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Agnico Eagle Mines Limited (AEM) and Avino Silver & Gold Mines Ltd. (ASM). 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 | ASM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.10 | ||
| Sortino ratioReturn per unit of downside risk | -0.38 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.20 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.88 | 1.39 | -0.51 |
| Martin ratioReturn relative to average drawdown | 2.48 | 2.95 | -0.47 |
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Drawdowns
AEM vs. ASM - Drawdown Comparison
The maximum AEM drawdown since its inception was -90.49%, roughly equal to the maximum ASM drawdown of -94.10%. Use the drawdown chart below to compare losses from any high point for AEM and ASM.
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Drawdown Indicators
| AEM | ASM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.49% | -94.10% | +3.61% |
Max Drawdown (1Y)Largest decline over 1 year | -39.39% | -52.40% | +13.01% |
Max Drawdown (3Y)Largest decline over 3 years | -39.39% | -52.40% | +13.01% |
Max Drawdown (5Y)Largest decline over 5 years | -43.03% | -67.29% | +24.26% |
Max Drawdown (10Y)Largest decline over 10 years | -53.86% | -90.91% | +37.05% |
Current DrawdownCurrent decline from peak | -35.35% | -43.15% | +7.80% |
Average DrawdownAverage peak-to-trough decline | -46.65% | -63.76% | +17.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.93% | 24.57% | -10.64% |
Volatility
AEM vs. ASM - Volatility Comparison
The current volatility for Agnico Eagle Mines Limited (AEM) is 15.31%, while Avino Silver & Gold Mines Ltd. (ASM) has a volatility of 26.77%. This indicates that AEM experiences smaller price fluctuations and is considered to be less risky than ASM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AEM | ASM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.31% | 26.77% | -11.46% |
Volatility (6M)Calculated over the trailing 6-month period | 36.02% | 65.36% | -29.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.06% | 82.16% | -38.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.06% | 66.03% | -28.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.35% | 69.72% | -32.37% |
Dividends
AEM vs. ASM - Dividend Comparison
AEM's dividend yield for the trailing twelve months is around 1.05%, while ASM has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AEM Agnico Eagle Mines Limited | 1.05% | 0.94% | 2.05% | 2.92% | 3.08% | 2.63% | 2.36% | 0.89% | 1.09% | 0.89% | 0.86% | 1.22% |
ASM Avino Silver & Gold Mines Ltd. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
AEM vs. ASM - Financials Comparison
This section allows you to compare key financial metrics between Agnico Eagle Mines Limited and Avino Silver & Gold Mines 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 vs. ASM - Profitability Comparison
AEM - 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%.
ASM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Avino Silver & Gold Mines Ltd. reported a gross profit of 25.51M and revenue of 41.41M. Therefore, the gross margin over that period was 61.6%.
AEM - 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%.
ASM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Avino Silver & Gold Mines Ltd. reported an operating income of 21.76M and revenue of 41.41M, resulting in an operating margin of 52.5%.
AEM - 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%.
ASM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Avino Silver & Gold Mines Ltd. reported a net income of 15.69M and revenue of 41.41M, resulting in a net margin of 37.9%.
Frequently Asked Questions
AEM and ASM have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ASM has higher volatility (26.77%) compared to AEM (15.31%). In terms of maximum drawdown, AEM dropped -90.49% vs ASM's -94.10%.
ASM currently has the higher Sharpe Ratio (0.89 vs 0.79), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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