AEM vs. NEM
AEM (Agnico Eagle Mines Limited) and NEM (Newmont Corporation) are both stocks. Both operate in the Gold industry within the Basic Materials sector. Over the past 10 years, AEM returned 11.46%/yr vs 10.07%/yr for NEM. Their 0.65 correlation means they have sometimes moved together and sometimes differently.
Performance
AEM vs. NEM - Performance Comparison
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Returns By Period
In the year-to-date period, AEM achieves a -13.95% return, which is significantly lower than NEM's -5.74% return. Over the past 10 years, AEM has outperformed NEM with an annualized return of 11.46%, while NEM has yielded a comparatively lower 10.07% annualized return.
AEM
- 1D
- -3.64%
- 1M
- -5.58%
- 6M
- -23.42%
- YTD
- -13.95%
- 1Y
- 17.10%
- 3Y*
- 44.82%
- 5Y*
- 20.40%
- 10Y*
- 11.46%
- ALL TIME*
- 7.47%
NEM
- 1D
- -2.14%
- 1M
- -3.43%
- 6M
- -16.23%
- YTD
- -5.74%
- 1Y
- 51.31%
- 3Y*
- 33.89%
- 5Y*
- 11.52%
- 10Y*
- 10.07%
- ALL TIME*
- 4.83%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $362.33M | $376.74M | $426.77M | |
| $671.95M | $683.19M | $803.32M |
AEM vs. NEM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AEM Agnico Eagle Mines Limited | -13.95% | 119.53% | 46.04% | 8.98% | 1.08% | -22.81% | 17.39% | 54.18% | -11.51% | 10.92% |
NEM Newmont Corporation | -5.74% | 172.82% | -7.83% | -8.76% | -20.77% | 7.40% | 40.28% | 30.52% | -6.15% | 10.91% |
Correlation
The correlation between AEM and NEM is 0.85, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.85 |
Correlation (3Y) Balances recent behavior with more history. | 0.81 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.80 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.78 |
Correlation (All Time) Calculated using the full available price history since Sep 7, 1984 | 0.65 |
Over the past year, AEM and NEM have become more correlated (0.85) than their long-term average of 0.65, meaning their price movements have been converging.
Fundamentals
AEM:
$73.56B
NEM:
$98.74B
AEM:
$11.60
NEM:
$7.88
AEM:
12.52
NEM:
11.89
AEM:
0.19
NEM:
0.31
AEM:
5.06
NEM:
5.34
AEM:
2.56
NEM:
2.82
AEM:
$14.43B
NEM:
$19.13B
AEM:
$9.02B
NEM:
$10.94B
AEM:
$10.36B
NEM:
$14.81B
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Return for Risk
AEM vs. NEM — Risk / Return Rank
AEM
NEM
AEM vs. NEM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Agnico Eagle Mines Limited (AEM) and Newmont Corporation (NEM). 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 | NEM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.71 | ||
| Sortino ratioReturn per unit of downside risk | -0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.21 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.39 | 1.64 | -1.25 |
| Martin ratioReturn relative to average drawdown | 0.90 | 3.61 | -2.72 |
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Drawdowns
AEM vs. NEM - Drawdown Comparison
The maximum AEM drawdown since its inception was -90.49%, which is greater than NEM's maximum drawdown of -81.30%. Use the drawdown chart below to compare losses from any high point for AEM and NEM.
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Drawdown Indicators
| AEM | NEM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.49% | -81.30% | -9.19% |
Max Drawdown (1Y)Largest decline over 1 year | -45.80% | -32.10% | -13.70% |
Max Drawdown (3Y)Largest decline over 3 years | -45.80% | -36.57% | -9.23% |
Max Drawdown (5Y)Largest decline over 5 years | -45.80% | -62.40% | +16.60% |
Max Drawdown (10Y)Largest decline over 10 years | -53.86% | -62.40% | +8.54% |
Current DrawdownCurrent decline from peak | -42.25% | -28.67% | -13.58% |
Average DrawdownAverage peak-to-trough decline | -46.63% | -41.33% | -5.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.06% | 14.57% | +5.49% |
Volatility
AEM vs. NEM - Volatility Comparison
Agnico Eagle Mines Limited (AEM) and Newmont Corporation (NEM) have volatilities of 11.20% and 11.58%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AEM | NEM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.20% | 11.58% | -0.38% |
Volatility (6M)Calculated over the trailing 6-month period | 36.02% | 37.40% | -1.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.77% | 47.45% | -2.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.35% | 38.35% | -1.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.38% | 35.74% | +1.64% |
Dividends
AEM vs. NEM - Dividend Comparison
AEM's dividend yield for the trailing twelve months is around 1.17%, more than NEM's 1.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AEM Agnico Eagle Mines Limited | 1.17% | 0.94% | 2.05% | 2.92% | 3.08% | 2.63% | 2.36% | 0.89% | 1.09% | 0.89% | 0.86% | 1.22% |
NEM Newmont Corporation | 1.09% | 1.00% | 2.69% | 3.87% | 4.66% | 3.55% | 1.74% | 3.31% | 1.62% | 0.67% | 0.37% | 0.56% |
Financials
AEM vs. NEM - Financials Comparison
This section allows you to compare key financial metrics between Agnico Eagle Mines Limited and Newmont 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 NEM have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NEM has higher volatility (11.58%) compared to AEM (11.20%). In terms of maximum drawdown, AEM dropped -90.49% vs NEM's -81.30%.
NEM currently has the higher Sharpe Ratio (1.11 vs 0.40), 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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