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AII.AX vs. EQNR
Performance
Return for Risk
Drawdowns
Volatility
Dividends
Financials

AII.AX vs. EQNR

Last updated Jun 4, 2026

AII.AX (Almonty Industries Inc.) and EQNR (Equinor ASA) are both stocks. AII.AX operates in Other Industrial Metals & Mining (Basic Materials), while EQNR operates in Oil & Gas Integrated (Energy). Over the past 3 years, AII.AX returned 205.66%/yr vs 19.71%/yr for EQNR. At a correlation of -0.05, they often move in opposite directions.

Performance

AII.AX vs. EQNR - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in Almonty Industries Inc. (AII.AX) and Equinor ASA (EQNR). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

AII.AX is traded in AUD, while EQNR is traded in USD. To make them comparable, the EQNR values have been converted to AUD using the latest available exchange rates.

Returns By Period

In the year-to-date period, AII.AX achieves a 118.09% return, which is significantly higher than EQNR's 53.90% return.

AII.AX

1D
7.77%
1M
0.00%
YTD
118.09%
6M
175.43%
1Y
488.72%
3Y*
205.66%
5Y*
—
10Y*
—

EQNR

1D
0.81%
1M
-6.72%
YTD
53.90%
6M
53.74%
1Y
49.68%
3Y*
19.71%
5Y*
21.12%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

AII.AX vs. EQNR - Yearly Performance Comparison

2026 (YTD)20252024202320222021
AII.AX
Almonty Industries Inc.		118.09%813.89%60.00%-27.71%-12.63%-5.00%
EQNR
Equinor ASA		53.90%-0.12%-7.53%-0.70%50.07%36.76%

Correlation

The correlation between AII.AX and EQNR is -0.14, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

-0.14

Correlation (3Y)
Calculated over the trailing 3-year period

-0.06

Correlation (All Time)
Calculated using the full available price history since Aug 3, 2021

-0.05

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Almonty Industries Inc.

Equinor ASA

Often compared with AII.AX:
AII.AX vs. ABATAII.AX vs. NBAII.AX vs. WDCAII.AX vs. AEP.LAII.AX vs. NANO.PAAII.AX vs. HGRAFAII.AX vs. FDY.TO
Often compared with EQNR:
EQNR vs. SHELEQNR vs. XOMEQNR vs. NVSEQNR vs. DVNEQNR vs. VDEEQNR vs. SMNEYEQNR vs. PEP

Return for Risk

AII.AX vs. EQNR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
AII.AX
AII.AX Risk / Return Rank: 9797
Overall Rank
AII.AX Sharpe Ratio Rank: 9999
Sharpe Ratio Rank
AII.AX Sortino Ratio Rank: 9696
Sortino Ratio Rank
AII.AX Omega Ratio Rank: 9494
Omega Ratio Rank
AII.AX Calmar Ratio Rank: 9898
Calmar Ratio Rank
AII.AX Martin Ratio Rank: 9797
Martin Ratio Rank
EQNR
EQNR Risk / Return Rank: 8282
Overall Rank
EQNR Sharpe Ratio Rank: 8585
Sharpe Ratio Rank
EQNR Sortino Ratio Rank: 7979
Sortino Ratio Rank
EQNR Omega Ratio Rank: 8080
Omega Ratio Rank
EQNR Calmar Ratio Rank: 8686
Calmar Ratio Rank
EQNR Martin Ratio Rank: 7979
Martin Ratio Rank
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.

AII.AX vs. EQNR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Almonty Industries Inc. (AII.AX) and Equinor ASA (EQNR). 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.

AII.AXEQNRDifference
Sharpe ratioReturn per unit of total volatility
5.79
1.33

+4.46

Sortino ratioReturn per unit of downside risk
4.31
1.84

+2.47

Omega ratioGain probability vs. loss probability

1.54

1.24

+0.30

Calmar ratioReturn relative to maximum drawdown

11.36

2.49

+8.87

Martin ratioReturn relative to average drawdown

26.66

4.18

+22.47

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AII.AX vs. EQNR - Sharpe Ratio Comparison

The current AII.AX Sharpe Ratio is 5.79, which is higher than the EQNR Sharpe Ratio of 1.33. The chart below compares the historical Sharpe Ratios of AII.AX and EQNR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

AII.AXEQNRDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

5.79

1.33

+4.46

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.66

—

Sharpe Ratio (All Time)

Calculated using the full available price history

1.40

0.34

+1.06

Drawdowns

AII.AX vs. EQNR - Drawdown Comparison

The maximum AII.AX drawdown since its inception was -54.09%, smaller than the maximum EQNR drawdown of -59.09%. Use the drawdown chart below to compare losses from any high point for AII.AX and EQNR.

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Drawdown Indicators

AII.AXEQNRDifference

Max Drawdown

Largest peak-to-trough decline

-54.09%

-59.09%

+5.00%

Max Drawdown (1Y)

Largest decline over 1 year

-42.31%

-20.05%

-22.26%

Max Drawdown (3Y)

Largest decline over 3 years

-42.31%

-30.18%

-12.13%

Max Drawdown (5Y)

Largest decline over 5 years

—

-31.47%

—

Current Drawdown

Current decline from peak

-11.72%

-13.14%

+1.42%

Average Drawdown

Average peak-to-trough decline

-21.79%

-19.31%

-2.48%

Ulcer Index

Depth and duration of drawdowns from previous peaks

18.10%

11.91%

+6.19%

Volatility

AII.AX vs. EQNR - Volatility Comparison

Almonty Industries Inc. (AII.AX) has a higher volatility of 22.32% compared to Equinor ASA (EQNR) at 14.93%. This indicates that AII.AX's price experiences larger fluctuations and is considered to be riskier than EQNR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

AII.AXEQNRDifference

Volatility (1M)

Calculated over the trailing 1-month period

22.32%

14.93%

+7.39%

Volatility (6M)

Calculated over the trailing 6-month period

59.68%

31.59%

+28.09%

Volatility (1Y)

Calculated over the trailing 1-year period

83.32%

37.46%

+45.86%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

59.75%

32.42%

+27.33%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

59.75%

34.48%

+25.27%

Dividends

AII.AX vs. EQNR - Dividend Comparison

AII.AX has not paid dividends to shareholders, while EQNR's dividend yield for the trailing twelve months is around 3.95%.

PositionTTM20252024202320222021202020192018
AII.AX
Almonty Industries Inc.		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
EQNR
Equinor ASA		3.95%7.66%12.66%11.38%3.30%2.13%4.32%5.07%3.26%

Financials

AII.AX vs. EQNR - Financials Comparison

This section allows you to compare key financial metrics between Almonty Industries Inc. and Equinor ASA. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.

Quarterly
Annual

Total Revenue: Total amount of money received from sales and other business activities

Please note, different currencies. AII.AX values in AUD, EQNR values in USD

Frequently Asked Questions

AII.AX and EQNR have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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