AEM vs. GORO
AEM (Agnico Eagle Mines Limited) and GORO (Gold Resource Corporation) are both stocks. Both operate in the Gold industry within the Basic Materials sector. Over the past 10 years, AEM returned 14.70%/yr vs -9.01%/yr for GORO. A 0.51 correlation means they provide meaningful diversification when combined.
Performance
AEM vs. GORO - 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 GORO's 44.93% return. Over the past 10 years, AEM has outperformed GORO with an annualized return of 14.70%, while GORO has yielded a comparatively lower -9.01% 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%
GORO
- 1D
- 0.84%
- 1M
- -12.41%
- YTD
- 44.93%
- 6M
- 41.71%
- 1Y
- 90.08%
- 3Y*
- 14.89%
- 5Y*
- -15.91%
- 10Y*
- -9.01%
AEM vs. GORO - 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% |
GORO Gold Resource Corporation | 44.93% | 259.84% | -38.80% | -75.42% | 0.20% | -45.33% | -46.91% | 39.34% | -8.71% | 1.64% |
Correlation
The correlation between AEM and GORO is 0.56, 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 | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.44 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Sep 14, 2006 | 0.51 |
The correlation between AEM and GORO shifts across timeframes, from 0.44 (3 years) to 0.56 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
AEM:
$81.60B
GORO:
$196.46M
AEM:
$10.60
GORO:
$0.05
AEM:
15.35
GORO:
26.16
AEM:
0.24
GORO:
0.78
AEM:
6.06
GORO:
2.13
AEM:
3.11
GORO:
4.02
AEM:
$13.51B
GORO:
$81.00M
AEM:
$8.28B
GORO:
$38.71M
AEM:
$9.72B
GORO:
$43.09M
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Return for Risk
AEM vs. GORO — Risk / Return Rank
AEM
GORO
AEM vs. GORO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Agnico Eagle Mines Limited (AEM) and Gold Resource Corporation (GORO). 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 | GORO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.14 | ||
| Sortino ratioReturn per unit of downside risk | -0.69 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.21 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.88 | 2.05 | -1.17 |
| Martin ratioReturn relative to average drawdown | 2.48 | 3.70 | -1.22 |
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Drawdowns
AEM vs. GORO - Drawdown Comparison
The maximum AEM drawdown since its inception was -90.49%, smaller than the maximum GORO drawdown of -99.48%. Use the drawdown chart below to compare losses from any high point for AEM and GORO.
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Drawdown Indicators
| AEM | GORO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.49% | -99.48% | +8.99% |
Max Drawdown (1Y)Largest decline over 1 year | -39.39% | -44.27% | +4.88% |
Max Drawdown (3Y)Largest decline over 3 years | -39.39% | -85.50% | +46.11% |
Max Drawdown (5Y)Largest decline over 5 years | -45.03% | -95.47% | +50.44% |
Max Drawdown (10Y)Largest decline over 10 years | -53.86% | -98.29% | +44.43% |
Current DrawdownCurrent decline from peak | -35.35% | -95.01% | +59.66% |
Average DrawdownAverage peak-to-trough decline | -46.65% | -65.14% | +18.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.93% | 24.42% | -10.49% |
Volatility
AEM vs. GORO - Volatility Comparison
The current volatility for Agnico Eagle Mines Limited (AEM) is 15.31%, while Gold Resource Corporation (GORO) has a volatility of 17.99%. This indicates that AEM experiences smaller price fluctuations and is considered to be less risky than GORO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AEM | GORO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.31% | 17.99% | -2.68% |
Volatility (6M)Calculated over the trailing 6-month period | 36.02% | 70.66% | -34.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.06% | 97.40% | -53.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.06% | 93.01% | -55.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.35% | 78.68% | -41.33% |
Dividends
AEM vs. GORO - Dividend Comparison
AEM's dividend yield for the trailing twelve months is around 1.05%, while GORO 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% |
GORO Gold Resource Corporation | 0.00% | 0.00% | 0.00% | 0.00% | 2.61% | 2.78% | 1.37% | 0.42% | 0.50% | 0.45% | 0.69% | 7.23% |
Financials
AEM vs. GORO - Financials Comparison
This section allows you to compare key financial metrics between Agnico Eagle Mines Limited and Gold Resource Corporation. 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
Frequently Asked Questions
AEM and GORO have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GORO has higher volatility (17.99%) compared to AEM (15.31%). In terms of maximum drawdown, AEM dropped -90.49% vs GORO's -99.48%.
GORO currently has the higher Sharpe Ratio (0.93 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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