AII.TO vs. HL
AII.TO (Almonty Industries Inc.) and HL (Hecla Mining Company) are both stocks. Both are in the Basic Materials sector — AII.TO in Other Industrial Metals & Mining, HL in Other Precious Metals & Mining. Over the past 10 years, AII.TO returned 48.01%/yr vs 12.48%/yr for HL. At a 0.07 correlation, their price movements are largely independent.
Performance
AII.TO vs. HL - Performance Comparison
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Different Trading Currencies
AII.TO is traded in CAD, while HL is traded in USD. To make them comparable, the HL values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, AII.TO achieves a 94.37% return, which is significantly higher than HL's -16.54% return. Over the past 10 years, AII.TO has outperformed HL with an annualized return of 48.01%, while HL has yielded a comparatively lower 12.48% annualized return.
AII.TO
- 1D
- 2.40%
- 1M
- -14.19%
- YTD
- 94.37%
- 6M
- 93.56%
- 1Y
- 132.74%
- 3Y*
- 196.50%
- 5Y*
- 71.64%
- 10Y*
- 48.01%
HL
- 1D
- 0.33%
- 1M
- -10.48%
- YTD
- -16.54%
- 6M
- -17.78%
- 1Y
- 167.84%
- 3Y*
- 48.19%
- 5Y*
- 19.58%
- 10Y*
- 12.48%
AII.TO vs. HL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AII.TO Almonty Industries Inc. | 94.37% | 784.25% | 68.52% | -20.59% | -23.60% | 39.06% | 52.38% | -35.38% | 18.18% | 103.70% |
HL Hecla Mining Company | -16.54% | 273.82% | 11.53% | -15.00% | 13.77% | -19.01% | 87.28% | 38.48% | -35.35% | -29.22% |
Correlation
The correlation between AII.TO and HL is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Aug 17, 2010 | 0.07 |
Over the past year, AII.TO and HL have become more correlated (0.39) than their long-term average of 0.07, meaning their price movements have been converging.
Fundamentals
AII.TO:
CA$6.53B
HL:
$10.42B
AII.TO:
-CA$0.50
HL:
$0.83
AII.TO:
125.05
HL:
6.61
AII.TO:
18.33
HL:
4.05
AII.TO:
CA$50.01M
HL:
$1.57B
AII.TO:
CA$14.63M
HL:
$788.95M
AII.TO:
-CA$120.84M
HL:
$864.40M
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Return for Risk
AII.TO vs. HL — Risk / Return Rank
AII.TO
HL
AII.TO vs. HL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Almonty Industries Inc. (AII.TO) and Hecla Mining Company (HL). 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.
| AII.TO | HL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.95 | ||
| Sortino ratioReturn per unit of downside risk | -0.66 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.34 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.44 | 3.06 | -0.62 |
| Martin ratioReturn relative to average drawdown | 5.06 | 6.27 | -1.21 |
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Drawdowns
AII.TO vs. HL - Drawdown Comparison
The maximum AII.TO drawdown since its inception was -80.14%, smaller than the maximum HL drawdown of -90.10%. Use the drawdown chart below to compare losses from any high point for AII.TO and HL.
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Drawdown Indicators
| AII.TO | HL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.14% | -90.10% | +9.96% |
Max Drawdown (1Y)Largest decline over 1 year | -54.79% | -55.27% | +0.48% |
Max Drawdown (3Y)Largest decline over 3 years | -54.79% | -55.27% | +0.48% |
Max Drawdown (5Y)Largest decline over 5 years | -59.43% | -55.27% | -4.16% |
Max Drawdown (10Y)Largest decline over 10 years | -68.52% | -82.26% | +13.74% |
Current DrawdownCurrent decline from peak | -26.85% | -49.98% | +23.13% |
Average DrawdownAverage peak-to-trough decline | -33.47% | -50.35% | +16.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 26.31% | 26.87% | -0.56% |
Volatility
AII.TO vs. HL - Volatility Comparison
Almonty Industries Inc. (AII.TO) has a higher volatility of 31.36% compared to Hecla Mining Company (HL) at 21.38%. This indicates that AII.TO's price experiences larger fluctuations and is considered to be riskier than HL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AII.TO | HL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 31.36% | 21.38% | +9.98% |
Volatility (6M)Calculated over the trailing 6-month period | 67.35% | 54.84% | +12.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 98.99% | 73.44% | +25.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 74.65% | 59.69% | +14.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 75.28% | 63.16% | +12.12% |
Dividends
AII.TO vs. HL - Dividend Comparison
AII.TO has not paid dividends to shareholders, while HL's dividend yield for the trailing twelve months is around 0.10%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AII.TO Almonty Industries 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% |
HL Hecla Mining Company | 0.10% | 0.08% | 0.81% | 0.65% | 0.40% | 0.72% | 0.25% | 0.29% | 0.42% | 0.25% | 0.19% | 0.53% |
Financials
AII.TO vs. HL - Financials Comparison
This section allows you to compare key financial metrics between Almonty Industries Inc. and Hecla Mining Company. 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
AII.TO vs. HL - Profitability Comparison
AII.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Almonty Industries Inc. reported a gross profit of 13.01M and revenue of 25.40M. Therefore, the gross margin over that period was 51.2%.
HL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Hecla Mining Company reported a gross profit of 253.26M and revenue of 411.43M. Therefore, the gross margin over that period was 61.6%.
AII.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Almonty Industries Inc. reported an operating income of 2.24M and revenue of 25.40M, resulting in an operating margin of 8.8%.
HL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Hecla Mining Company reported an operating income of 223.11M and revenue of 411.43M, resulting in an operating margin of 54.2%.
AII.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Almonty Industries Inc. reported a net income of -5.26M and revenue of 25.40M, resulting in a net margin of -20.7%.
HL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Hecla Mining Company reported a net income of 266.45M and revenue of 411.43M, resulting in a net margin of 64.8%.
Frequently Asked Questions
AII.TO and HL have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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