AEM vs. KGC
AEM (Agnico Eagle Mines Limited) and KGC (Kinross Gold 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 18.81%/yr for KGC. A 0.70 correlation means they provide meaningful diversification when combined.
Performance
AEM vs. KGC - Performance Comparison
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Returns By Period
In the year-to-date period, AEM achieves a -3.66% return, which is significantly higher than KGC's -8.92% return. Over the past 10 years, AEM has underperformed KGC with an annualized return of 14.70%, while KGC has yielded a comparatively higher 18.81% 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%
KGC
- 1D
- 2.90%
- 1M
- -18.08%
- YTD
- -8.92%
- 6M
- -8.14%
- 1Y
- 65.63%
- 3Y*
- 76.13%
- 5Y*
- 29.09%
- 10Y*
- 18.81%
AEM vs. KGC - 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% |
KGC Kinross Gold Corporation | -8.92% | 206.11% | 55.63% | 51.83% | -27.59% | -19.00% | 56.04% | 46.30% | -25.00% | 38.91% |
Correlation
The correlation between AEM and KGC 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 | 0.86 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 1994 | 0.70 |
The correlation between AEM and KGC shifts across timeframes, from 0.70 (all time) to 0.89 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
AEM:
$81.60B
KGC:
$30.80B
AEM:
$10.60
KGC:
$2.35
AEM:
15.35
KGC:
10.87
AEM:
0.24
KGC:
0.14
AEM:
6.06
KGC:
3.92
AEM:
3.11
KGC:
3.37
AEM:
$13.51B
KGC:
$7.94B
AEM:
$8.28B
KGC:
$4.19B
AEM:
$9.72B
KGC:
$5.02B
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Return for Risk
AEM vs. KGC — Risk / Return Rank
AEM
KGC
AEM vs. KGC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Agnico Eagle Mines Limited (AEM) and Kinross Gold Corporation (KGC). 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 | KGC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.50 | ||
| Sortino ratioReturn per unit of downside risk | -0.50 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.24 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 0.88 | 1.75 | -0.87 |
| Martin ratioReturn relative to average drawdown | 2.48 | 5.20 | -2.72 |
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Drawdowns
AEM vs. KGC - Drawdown Comparison
The maximum AEM drawdown since its inception was -90.49%, smaller than the maximum KGC drawdown of -96.00%. Use the drawdown chart below to compare losses from any high point for AEM and KGC.
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Drawdown Indicators
| AEM | KGC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.49% | -96.00% | +5.51% |
Max Drawdown (1Y)Largest decline over 1 year | -39.39% | -37.69% | -1.70% |
Max Drawdown (3Y)Largest decline over 3 years | -39.39% | -37.69% | -1.70% |
Max Drawdown (5Y)Largest decline over 5 years | -45.03% | -59.29% | +14.26% |
Max Drawdown (10Y)Largest decline over 10 years | -53.86% | -67.75% | +13.89% |
Current DrawdownCurrent decline from peak | -35.35% | -32.63% | -2.72% |
Average DrawdownAverage peak-to-trough decline | -46.65% | -57.60% | +10.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.93% | 12.66% | +1.27% |
Volatility
AEM vs. KGC - Volatility Comparison
The current volatility for Agnico Eagle Mines Limited (AEM) is 15.31%, while Kinross Gold Corporation (KGC) has a volatility of 18.21%. This indicates that AEM experiences smaller price fluctuations and is considered to be less risky than KGC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AEM | KGC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.31% | 18.21% | -2.90% |
Volatility (6M)Calculated over the trailing 6-month period | 36.02% | 40.59% | -4.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.06% | 51.35% | -7.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.06% | 44.22% | -7.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.35% | 47.01% | -9.66% |
Dividends
AEM vs. KGC - Dividend Comparison
AEM's dividend yield for the trailing twelve months is around 1.05%, more than KGC's 0.57% 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% |
KGC Kinross Gold Corporation | 0.57% | 0.44% | 1.29% | 1.98% | 2.93% | 2.69% | 0.82% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
AEM vs. KGC - Financials Comparison
This section allows you to compare key financial metrics between Agnico Eagle Mines Limited and Kinross Gold 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
AEM vs. KGC - 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%.
KGC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Kinross Gold Corporation reported a gross profit of 1.37B and revenue of 2.37B. Therefore, the gross margin over that period was 57.8%.
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%.
KGC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Kinross Gold Corporation reported an operating income of 1.31B and revenue of 2.37B, resulting in an operating margin of 55.1%.
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%.
KGC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Kinross Gold Corporation reported a net income of 831.32M and revenue of 2.37B, resulting in a net margin of 35.0%.
Frequently Asked Questions
AEM and KGC 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.
KGC has higher volatility (18.21%) compared to AEM (15.31%). In terms of maximum drawdown, AEM dropped -90.49% vs KGC's -96.00%.
KGC currently has the higher Sharpe Ratio (1.29 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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