AEM vs. IVV
Compare and contrast key facts about Agnico Eagle Mines Limited (AEM) and iShares Core S&P 500 ETF (IVV).
IVV is a passively managed fund by iShares that tracks the performance of the S&P 500 Index. It was launched on May 15, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AEM or IVV.
Key characteristics
| AEM | IVV | |
|---|---|---|
| YTD Return | 19.72% | 6.58% |
| 1Y Return | 15.81% | 25.71% |
| 3Y Return (Ann) | 2.19% | 8.14% |
| 5Y Return (Ann) | 12.42% | 13.31% |
| 10Y Return (Ann) | 9.26% | 12.44% |
| Sharpe Ratio | 0.53 | 2.13 |
| Daily Std Dev | 29.41% | 11.64% |
| Max Drawdown | -90.34% | -55.25% |
| Current Drawdown | -16.53% | -3.48% |
Correlation
The correlation between AEM and IVV is 0.13, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
AEM vs. IVV - Performance Comparison
In the year-to-date period, AEM achieves a 19.72% return, which is significantly higher than IVV's 6.58% return. Over the past 10 years, AEM has underperformed IVV with an annualized return of 9.26%, while IVV has yielded a comparatively higher 12.44% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Risk-Adjusted Performance
AEM vs. IVV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Agnico Eagle Mines Limited (AEM) and iShares Core S&P 500 ETF (IVV). 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.
Dividends
AEM vs. IVV - Dividend Comparison
AEM's dividend yield for the trailing twelve months is around 2.46%, more than IVV's 1.36% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AEM Agnico Eagle Mines Limited | 2.46% | 2.92% | 3.08% | 2.66% | 1.35% | 1.10% | 1.09% | 0.89% | 0.86% | 1.22% | 1.29% | 3.34% |
IVV iShares Core S&P 500 ETF | 1.36% | 1.44% | 1.66% | 1.20% | 1.57% | 1.99% | 2.20% | 1.75% | 2.01% | 2.26% | 1.82% | 1.80% |
Drawdowns
AEM vs. IVV - Drawdown Comparison
The maximum AEM drawdown since its inception was -90.34%, which is greater than IVV's maximum drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for AEM and IVV. For additional features, visit the drawdowns tool.
Volatility
AEM vs. IVV - Volatility Comparison
Agnico Eagle Mines Limited (AEM) has a higher volatility of 7.36% compared to iShares Core S&P 500 ETF (IVV) at 4.03%. This indicates that AEM's price experiences larger fluctuations and is considered to be riskier than IVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.