AGF-B.TO vs. BDI.TO

Last updated Jun 4, 2026

AGF-B.TO (AGF Management Ltd) and BDI.TO (Black Diamond Group Limited) are both stocks. AGF-B.TO operates in Asset Management (Financial Services), while BDI.TO operates in Rental & Leasing Services (Industrials). Over the past 10 years, AGF-B.TO returned 19.05%/yr vs 15.11%/yr for BDI.TO. At a 0.19 correlation, their price movements are largely independent.

Performance

AGF-B.TO vs. BDI.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in AGF Management Ltd (AGF-B.TO) and Black Diamond Group Limited (BDI.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AGF-B.TO achieves a 7.94% return, which is significantly lower than BDI.TO's 32.03% return. Over the past 10 years, AGF-B.TO has outperformed BDI.TO with an annualized return of 19.05%, while BDI.TO has yielded a comparatively lower 15.11% annualized return.

AGF-B.TO

• 1D: -0.58%
• 1M: 8.47%
• YTD: 7.94%
• 6M: 20.69%
• 1Y: 47.54%
• 3Y*: 41.47%
• 5Y*: 23.16%
• 10Y*: 19.05%

BDI.TO

• 1D: -1.58%
• 1M: 17.97%
• YTD: 32.03%
• 6M: 37.69%
• 1Y: 106.72%
• 3Y*: 47.96%
• 5Y*: 36.01%
• 10Y*: 15.11%

*Multi-year figures are annualized to reflect compound growth (CAGR)

AGF-B.TO vs. BDI.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AGF-B.TO AGF Management Ltd	7.94%	59.26%	45.89%	15.54%	-10.40%	43.95%	1.07%	41.60%	-38.19%	36.77%
BDI.TO Black Diamond Group Limited	32.03%	58.01%	16.69%	71.38%	10.69%	63.76%	26.51%	2.87%	-12.55%	-44.51%

Correlation

The correlation between AGF-B.TO and BDI.TO is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.25
Correlation (3Y) Calculated over the trailing 3-year period	0.18
Correlation (5Y) Calculated over the trailing 5-year period	0.24
Correlation (10Y) Calculated over the trailing 10-year period	0.19
Correlation (All Time) Calculated using the full available price history since Sep 27, 2006	0.19

Fundamentals

Market Cap AGF-B.TO : CA$1.14B BDI.TO : CA$1.35B
EPS AGF-B.TO : CA$1.73 BDI.TO : CA$0.48
PE Ratio AGF-B.TO : 10.01 BDI.TO : 40.58
PEG Ratio AGF-B.TO : 0.26 BDI.TO : 2.97
PS Ratio AGF-B.TO : 2.06 BDI.TO : 2.65
PB Ratio AGF-B.TO : 0.95 BDI.TO : 3.32
Total Revenue (TTM) AGF-B.TO : CA$561.40M BDI.TO : CA$484.67M
Gross Profit (TTM) AGF-B.TO : CA$342.49M BDI.TO : CA$177.39M
EBITDA (TTM) AGF-B.TO : CA$163.56M BDI.TO : CA$130.40M

Return for Risk

AGF-B.TO vs. BDI.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AGF-B.TO

AGF-B.TO Risk / Return Rank: 76
AGF-B.TO Sharpe Ratio Rank: 81
AGF-B.TO Sortino Ratio Rank: 73
AGF-B.TO Omega Ratio Rank: 78
AGF-B.TO Calmar Ratio Rank: 73
AGF-B.TO Martin Ratio Rank: 77

BDI.TO

BDI.TO Risk / Return Rank: 95
BDI.TO Sharpe Ratio Rank: 97
BDI.TO Sortino Ratio Rank: 97
BDI.TO Omega Ratio Rank: 95
BDI.TO Calmar Ratio Rank: 94
BDI.TO Martin Ratio Rank: 95

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AGF-B.TO vs. BDI.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AGF Management Ltd (AGF-B.TO) and Black Diamond Group Limited (BDI.TO). 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.

	AGF-B.TO	BDI.TO	Difference
Sharpe ratio Return per unit of total volatility	1.47	3.76	-2.30
Sortino ratio Return per unit of downside risk	1.89	4.75	-2.86
Omega ratio Gain probability vs. loss probability	1.29	1.57	-0.28
Calmar ratio Return relative to maximum drawdown	1.87	6.53	-4.66
Martin ratio Return relative to average drawdown	5.49	19.53	-14.04
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AGF-B.TO vs. BDI.TO - Sharpe Ratio Comparison

The current AGF-B.TO Sharpe Ratio is 1.47, which is lower than the BDI.TO Sharpe Ratio of 3.76. The chart below compares the historical Sharpe Ratios of AGF-B.TO and BDI.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AGF-B.TO	BDI.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.47	3.76	-2.30
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.80	1.08	-0.28
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.58	0.33	+0.25
Sharpe Ratio (All Time) Calculated using the full available price history	0.28	0.25	+0.03

Drawdowns

AGF-B.TO vs. BDI.TO - Drawdown Comparison

The maximum AGF-B.TO drawdown since its inception was -90.57%, smaller than the maximum BDI.TO drawdown of -96.59%. Use the drawdown chart below to compare losses from any high point for AGF-B.TO and BDI.TO.

Drawdown Indicators

	AGF-B.TO	BDI.TO	Difference
Max Drawdown Largest peak-to-trough decline	-90.57%	-96.59%	+6.02%
Max Drawdown (1Y) Largest decline over 1 year	-25.57%	-16.44%	-9.13%
Max Drawdown (3Y) Largest decline over 3 years	-25.57%	-23.39%	-2.18%
Max Drawdown (5Y) Largest decline over 5 years	-29.90%	-37.06%	+7.16%
Max Drawdown (10Y) Largest decline over 10 years	-65.63%	-82.38%	+16.75%
Current Drawdown Current decline from peak	-15.87%	-26.83%	+10.96%
Average Drawdown Average peak-to-trough decline	-45.84%	-50.69%	+4.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.69%	5.48%	+3.21%

Volatility

AGF-B.TO vs. BDI.TO - Volatility Comparison

The current volatility for AGF Management Ltd (AGF-B.TO) is 6.95%, while Black Diamond Group Limited (BDI.TO) has a volatility of 10.15%. This indicates that AGF-B.TO experiences smaller price fluctuations and is considered to be less risky than BDI.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AGF-B.TO	BDI.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.95%	10.15%	-3.20%
Volatility (6M) Calculated over the trailing 6-month period	26.95%	19.62%	+7.33%
Volatility (1Y) Calculated over the trailing 1-year period	32.66%	28.52%	+4.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.20%	33.68%	-4.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.83%	45.45%	-12.62%

Dividends

AGF-B.TO vs. BDI.TO - Dividend Comparison

AGF-B.TO's dividend yield for the trailing twelve months is around 2.95%, more than BDI.TO's 0.83% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AGF-B.TO AGF Management Ltd	2.95%	3.01%	4.26%	5.58%	5.52%	4.07%	5.26%	4.97%	6.64%	3.91%	3.83%	11.35%
BDI.TO Black Diamond Group Limited	0.83%	1.02%	1.33%	1.10%	1.35%	0.59%	0.00%	0.00%	0.00%	7.32%	7.74%	13.24%

Financials

AGF-B.TO vs. BDI.TO - Profitability Comparison

The chart below illustrates the profitability comparison between AGF Management Ltd and Black Diamond Group Limited over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

AGF-B.TO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, AGF Management Ltd reported a gross profit of 73.16M and revenue of 143.70M. Therefore, the gross margin over that period was 50.9%.

BDI.TO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Black Diamond Group Limited reported a gross profit of 38.79M and revenue of 129.98M. Therefore, the gross margin over that period was 29.8%.

AGF-B.TO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, AGF Management Ltd reported an operating income of 33.41M and revenue of 143.70M, resulting in an operating margin of 23.3%.

BDI.TO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Black Diamond Group Limited reported an operating income of 13.44M and revenue of 129.98M, resulting in an operating margin of 10.3%.

AGF-B.TO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, AGF Management Ltd reported a net income of 18.04M and revenue of 143.70M, resulting in a net margin of 12.6%.

BDI.TO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Black Diamond Group Limited reported a net income of 2.67M and revenue of 129.98M, resulting in a net margin of 2.1%.

Frequently Asked Questions

Can I hold both AGF-B.TO and BDI.TO in my portfolio?

AGF-B.TO and BDI.TO have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.