AEM vs. SHOP
AEM (Agnico Eagle Mines Limited) and SHOP (Shopify Inc.) are both stocks. AEM operates in Gold (Basic Materials), while SHOP operates in Software - Application (Technology). Over the past 10 years, AEM returned 14.70%/yr vs 43.59%/yr for SHOP. At a 0.09 correlation, their price movements are largely independent.
Performance
AEM vs. SHOP - 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 SHOP's -32.76% return. Over the past 10 years, AEM has underperformed SHOP with an annualized return of 14.70%, while SHOP has yielded a comparatively higher 43.59% 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%
SHOP
- 1D
- -2.02%
- 1M
- 13.46%
- YTD
- -32.76%
- 6M
- -34.08%
- 1Y
- -0.89%
- 3Y*
- 19.24%
- 5Y*
- -2.79%
- 10Y*
- 43.59%
AEM vs. SHOP - 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% |
SHOP Shopify Inc. | -32.76% | 51.39% | 36.50% | 124.43% | -74.80% | 21.68% | 184.71% | 187.17% | 37.08% | 135.60% |
Correlation
The correlation between AEM and SHOP is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since May 21, 2015 | 0.09 |
Fundamentals
AEM:
$81.60B
SHOP:
$141.08B
AEM:
$10.60
SHOP:
$1.02
AEM:
15.35
SHOP:
106.25
AEM:
0.24
SHOP:
0.20
AEM:
6.06
SHOP:
15.39
AEM:
3.11
SHOP:
11.29
AEM:
$13.51B
SHOP:
$9.20B
AEM:
$8.28B
SHOP:
$5.93B
AEM:
$9.72B
SHOP:
$1.60B
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Return for Risk
AEM vs. SHOP — Risk / Return Rank
AEM
SHOP
AEM vs. SHOP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Agnico Eagle Mines Limited (AEM) and Shopify Inc. (SHOP). 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 | SHOP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.80 | ||
| Sortino ratioReturn per unit of downside risk | +0.83 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.05 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 0.88 | -0.02 | +0.90 |
| Martin ratioReturn relative to average drawdown | 2.48 | -0.04 | +2.52 |
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Drawdowns
AEM vs. SHOP - Drawdown Comparison
The maximum AEM drawdown since its inception was -90.49%, which is greater than SHOP's maximum drawdown of -84.82%. Use the drawdown chart below to compare losses from any high point for AEM and SHOP.
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Drawdown Indicators
| AEM | SHOP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.49% | -84.82% | -5.67% |
Max Drawdown (1Y)Largest decline over 1 year | -39.39% | -46.71% | +7.32% |
Max Drawdown (3Y)Largest decline over 3 years | -39.39% | -46.71% | +7.32% |
Max Drawdown (5Y)Largest decline over 5 years | -45.03% | -84.82% | +39.79% |
Max Drawdown (10Y)Largest decline over 10 years | -53.86% | -84.82% | +30.96% |
Current DrawdownCurrent decline from peak | -35.35% | -39.53% | +4.18% |
Average DrawdownAverage peak-to-trough decline | -46.65% | -28.23% | -18.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.93% | 22.27% | -8.34% |
Volatility
AEM vs. SHOP - Volatility Comparison
Agnico Eagle Mines Limited (AEM) and Shopify Inc. (SHOP) have volatilities of 15.31% and 15.38%, 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 | SHOP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.31% | 15.38% | -0.07% |
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% | 57.03% | -12.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.06% | 65.55% | -28.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.35% | 59.07% | -21.72% |
Dividends
AEM vs. SHOP - Dividend Comparison
AEM's dividend yield for the trailing twelve months is around 1.05%, while SHOP 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% |
SHOP Shopify Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
AEM vs. SHOP - Financials Comparison
This section allows you to compare key financial metrics between Agnico Eagle Mines Limited and Shopify Inc.. 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 SHOP have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SHOP has higher volatility (15.38%) compared to AEM (15.31%). In terms of maximum drawdown, AEM dropped -90.49% vs SHOP's -84.82%.
AEM currently has the higher Sharpe Ratio (0.79 vs -0.02), 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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