AEM vs. GDXJ
AEM (Agnico Eagle Mines Limited) is a stock, while GDXJ (VanEck Junior Gold Miners ETF) is Gold fund tracking the MVIS Global Junior Gold Miners Index. Over the past 10 years, AEM returned 14.70%/yr vs 12.00%/yr for GDXJ. Their correlation of 0.83 suggests significant overlap in exposure.
Performance
AEM vs. GDXJ - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, AEM achieves a -3.66% return, which is significantly higher than GDXJ's -8.37% return. Over the past 10 years, AEM has outperformed GDXJ with an annualized return of 14.70%, while GDXJ has yielded a comparatively lower 12.00% annualized return.
AEM
- 1D
- 3.09%
- 1M
- -16.80%
- YTD
- -3.66%
- 6M
- -2.93%
- 1Y
- 34.46%
- 3Y*
- 50.92%
- 5Y*
- 20.78%
- 10Y*
- 14.70%
GDXJ
- 1D
- 3.15%
- 1M
- -19.14%
- YTD
- -8.37%
- 6M
- -6.68%
- 1Y
- 51.06%
- 3Y*
- 44.17%
- 5Y*
- 16.23%
- 10Y*
- 12.00%
AEM vs. GDXJ - 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% |
GDXJ VanEck Junior Gold Miners ETF | -8.37% | 172.28% | 15.67% | 7.12% | -14.53% | -21.25% | 30.40% | 40.44% | -11.02% | 8.22% |
Correlation
The correlation between AEM and GDXJ is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.88 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Nov 11, 2009 | 0.83 |
The correlation between AEM and GDXJ has been stable across timeframes, ranging from 0.83 to 0.90 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
AEM vs. GDXJ — Risk / Return Rank
AEM
GDXJ
AEM vs. GDXJ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Agnico Eagle Mines Limited (AEM) and VanEck Junior Gold Miners ETF (GDXJ). 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 | GDXJ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.21 | ||
| Sortino ratioReturn per unit of downside risk | -0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.20 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.88 | 1.30 | -0.42 |
| Martin ratioReturn relative to average drawdown | 2.48 | 3.55 | -1.07 |
Loading charts...
Drawdowns
AEM vs. GDXJ - Drawdown Comparison
The maximum AEM drawdown since its inception was -90.49%, roughly equal to the maximum GDXJ drawdown of -88.66%. Use the drawdown chart below to compare losses from any high point for AEM and GDXJ.
Loading charts...
Drawdown Indicators
| AEM | GDXJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.49% | -88.66% | -1.83% |
Max Drawdown (1Y)Largest decline over 1 year | -39.39% | -39.47% | +0.08% |
Max Drawdown (3Y)Largest decline over 3 years | -39.39% | -39.47% | +0.08% |
Max Drawdown (5Y)Largest decline over 5 years | -45.03% | -49.76% | +4.73% |
Max Drawdown (10Y)Largest decline over 10 years | -53.86% | -57.77% | +3.91% |
Current DrawdownCurrent decline from peak | -35.35% | -33.25% | -2.10% |
Average DrawdownAverage peak-to-trough decline | -46.65% | -60.45% | +13.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.93% | 14.41% | -0.48% |
Volatility
AEM vs. GDXJ - Volatility Comparison
The current volatility for Agnico Eagle Mines Limited (AEM) is 15.31%, while VanEck Junior Gold Miners ETF (GDXJ) has a volatility of 19.46%. This indicates that AEM experiences smaller price fluctuations and is considered to be less risky than GDXJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| AEM | GDXJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.31% | 19.46% | -4.15% |
Volatility (6M)Calculated over the trailing 6-month period | 36.02% | 43.41% | -7.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.06% | 51.54% | -7.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.06% | 41.50% | -4.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.35% | 44.23% | -6.88% |
Dividends
AEM vs. GDXJ - Dividend Comparison
AEM's dividend yield for the trailing twelve months is around 1.05%, less than GDXJ's 2.54% yield.
| 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% |
GDXJ VanEck Junior Gold Miners ETF | 2.54% | 2.33% | 2.61% | 0.72% | 0.51% | 1.78% | 1.58% | 0.39% | 0.45% | 0.03% | 4.78% | 0.72% |
Frequently Asked Questions
AEM and GDXJ have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GDXJ has higher volatility (19.46%) compared to AEM (15.31%). In terms of maximum drawdown, AEM dropped -90.49% vs GDXJ's -88.66%.
GDXJ currently has the higher Sharpe Ratio (1.00 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.
Find the right allocation for AEM and GDXJ
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer