AEM vs. VDE
AEM (Agnico Eagle Mines Limited) is a stock, while VDE (Vanguard Energy ETF) is Energy Equities fund tracking the MSCI US Investable Market Energy 25/50 Index. Over the past 10 years, AEM returned 15.58%/yr vs 9.47%/yr for VDE. At a 0.26 correlation, their price movements are largely independent.
Performance
AEM vs. VDE - Performance Comparison
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Returns By Period
In the year-to-date period, AEM achieves a 4.70% return, which is significantly lower than VDE's 32.48% return. Over the past 10 years, AEM has outperformed VDE with an annualized return of 15.58%, while VDE has yielded a comparatively lower 9.47% annualized return.
AEM
- 1D
- 2.97%
- 1M
- -0.54%
- YTD
- 4.70%
- 6M
- 3.54%
- 1Y
- 44.33%
- 3Y*
- 53.13%
- 5Y*
- 23.00%
- 10Y*
- 15.58%
VDE
- 1D
- 0.18%
- 1M
- -1.99%
- YTD
- 32.48%
- 6M
- 28.99%
- 1Y
- 48.54%
- 3Y*
- 18.32%
- 5Y*
- 20.47%
- 10Y*
- 9.47%
AEM vs. VDE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AEM Agnico Eagle Mines Limited | 4.70% | 119.53% | 46.04% | 8.98% | 1.08% | -22.81% | 17.39% | 54.18% | -11.51% | 10.92% |
VDE Vanguard Energy ETF | 32.48% | 7.11% | 6.75% | 0.03% | 62.89% | 56.31% | -33.02% | 9.28% | -19.95% | -2.50% |
Correlation
The correlation between AEM and VDE is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2004 | 0.26 |
The correlation between AEM and VDE shifts across timeframes, from -0.07 (1 year) to 0.26 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
AEM vs. VDE — Risk / Return Rank
AEM
VDE
AEM vs. VDE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Agnico Eagle Mines Limited (AEM) and Vanguard Energy ETF (VDE). 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.
| AEM | VDE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.38 | ||
| Sortino ratioReturn per unit of downside risk | -1.58 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.39 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.40 | 4.13 | -2.73 |
| Martin ratioReturn relative to average drawdown | 3.49 | 12.11 | -8.63 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AEM | VDE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.03 | 2.41 | -1.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.63 | 0.78 | -0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.42 | 0.32 | +0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.17 | 0.28 | -0.11 |
Drawdowns
AEM vs. VDE - Drawdown Comparison
The maximum AEM drawdown since its inception was -90.49%, which is greater than VDE's maximum drawdown of -74.20%. Use the drawdown chart below to compare losses from any high point for AEM and VDE.
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Drawdown Indicators
| AEM | VDE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.49% | -74.20% | -16.29% |
Max Drawdown (1Y)Largest decline over 1 year | -31.77% | -11.80% | -19.97% |
Max Drawdown (3Y)Largest decline over 3 years | -31.77% | -21.41% | -10.36% |
Max Drawdown (5Y)Largest decline over 5 years | -46.22% | -26.58% | -19.64% |
Max Drawdown (10Y)Largest decline over 10 years | -53.86% | -69.29% | +15.43% |
Current DrawdownCurrent decline from peak | -29.74% | -6.27% | -23.47% |
Average DrawdownAverage peak-to-trough decline | -46.66% | -19.96% | -26.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.75% | 4.02% | +8.73% |
Volatility
AEM vs. VDE - Volatility Comparison
Agnico Eagle Mines Limited (AEM) has a higher volatility of 14.02% compared to Vanguard Energy ETF (VDE) at 7.99%. This indicates that AEM's price experiences larger fluctuations and is considered to be riskier than VDE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AEM | VDE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.02% | 7.99% | +6.03% |
Volatility (6M)Calculated over the trailing 6-month period | 34.69% | 16.27% | +18.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.08% | 20.34% | +22.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.82% | 26.40% | +10.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.22% | 29.93% | +7.29% |
Dividends
AEM vs. VDE - Dividend Comparison
AEM's dividend yield for the trailing twelve months is around 0.96%, less than VDE's 2.37% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AEM Agnico Eagle Mines Limited | 0.96% | 0.94% | 2.05% | 2.92% | 3.08% | 2.63% | 2.36% | 0.89% | 1.09% | 0.89% | 0.86% | 1.22% |
VDE Vanguard Energy ETF | 2.37% | 3.11% | 3.23% | 3.34% | 3.65% | 4.13% | 4.76% | 3.42% | 3.35% | 2.90% | 2.31% | 3.17% |
Frequently Asked Questions
AEM and VDE have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AEM has higher volatility (14.02%) compared to VDE (7.99%). In terms of maximum drawdown, AEM dropped -90.49% vs VDE's -74.20%.
VDE currently has the higher Sharpe Ratio (2.41 vs 1.03), 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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