ARG.TO vs. HBM
ARG.TO (Amerigo Resources Ltd.) and HBM (Hudbay Minerals Inc.) are both stocks. Both operate in the Copper industry within the Basic Materials sector. Over the past 10 years, ARG.TO returned 53.71%/yr vs 23.18%/yr for HBM. At a 0.34 correlation, their price movements are largely independent.
Performance
ARG.TO vs. HBM - Performance Comparison
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Different Trading Currencies
ARG.TO is traded in CAD, while HBM is traded in USD. To make them comparable, the HBM values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, ARG.TO achieves a 59.88% return, which is significantly higher than HBM's 54.79% return. Over the past 10 years, ARG.TO has outperformed HBM with an annualized return of 53.71%, while HBM has yielded a comparatively lower 23.18% annualized return.
ARG.TO
- 1D
- -4.90%
- 1M
- 16.81%
- YTD
- 59.88%
- 6M
- 89.76%
- 1Y
- 300.43%
- 3Y*
- 80.97%
- 5Y*
- 51.54%
- 10Y*
- 53.71%
HBM
- 1D
- -4.44%
- 1M
- 42.10%
- YTD
- 54.79%
- 6M
- 73.79%
- 1Y
- 228.52%
- 3Y*
- 87.79%
- 5Y*
- 35.79%
- 10Y*
- 23.18%
ARG.TO vs. HBM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ARG.TO Amerigo Resources Ltd. | 59.88% | 211.73% | 23.68% | 14.36% | -1.43% | 85.47% | 35.59% | -33.71% | -19.09% | 214.29% |
HBM Hudbay Minerals Inc. | 54.79% | 134.20% | 59.67% | 6.83% | -24.88% | 2.88% | 66.63% | -16.11% | -41.64% | 44.92% |
Correlation
The correlation between ARG.TO and HBM is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Jun 23, 2009 | 0.34 |
Over the past year, ARG.TO and HBM have become more correlated (0.60) than their long-term average of 0.34, meaning their price movements have been converging.
Fundamentals
ARG.TO:
CA$1.16B
HBM:
$12.09B
ARG.TO:
CA$0.29
HBM:
$1.65
ARG.TO:
24.36
HBM:
18.34
ARG.TO:
0.21
HBM:
0.13
ARG.TO:
3.72
HBM:
5.10
ARG.TO:
9.77
HBM:
3.41
ARG.TO:
CA$308.76M
HBM:
$2.37B
ARG.TO:
CA$84.85M
HBM:
$828.54M
ARG.TO:
CA$102.47M
HBM:
$1.54B
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Return for Risk
ARG.TO vs. HBM — Risk / Return Rank
ARG.TO
HBM
ARG.TO vs. HBM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amerigo Resources Ltd. (ARG.TO) and Hudbay Minerals Inc. (HBM). 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.
| ARG.TO | HBM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.88 | ||
| Sortino ratioReturn per unit of downside risk | +1.07 | ||
| Omega ratioGain probability vs. loss probability | 1.70 | 1.52 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 10.54 | 6.43 | +4.11 |
| Martin ratioReturn relative to average drawdown | 36.85 | 20.97 | +15.88 |
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
| ARG.TO | HBM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 6.06 | 4.18 | +1.88 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.19 | 0.69 | +0.49 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.90 | 0.42 | +0.48 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.01 | 0.21 | -0.21 |
Drawdowns
ARG.TO vs. HBM - Drawdown Comparison
The maximum ARG.TO drawdown since its inception was -96.24%, which is greater than HBM's maximum drawdown of -88.82%. Use the drawdown chart below to compare losses from any high point for ARG.TO and HBM.
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Drawdown Indicators
| ARG.TO | HBM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.24% | -88.82% | -7.42% |
Max Drawdown (1Y)Largest decline over 1 year | -28.72% | -35.78% | +7.06% |
Max Drawdown (3Y)Largest decline over 3 years | -29.42% | -38.48% | +9.06% |
Max Drawdown (5Y)Largest decline over 5 years | -52.89% | -62.32% | +9.43% |
Max Drawdown (10Y)Largest decline over 10 years | -90.00% | -84.08% | -5.92% |
Current DrawdownCurrent decline from peak | -4.90% | -4.44% | -0.46% |
Average DrawdownAverage peak-to-trough decline | -49.03% | -46.63% | -2.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.20% | 10.95% | -2.75% |
Volatility
ARG.TO vs. HBM - Volatility Comparison
The current volatility for Amerigo Resources Ltd. (ARG.TO) is 16.64%, while Hudbay Minerals Inc. (HBM) has a volatility of 19.22%. This indicates that ARG.TO experiences smaller price fluctuations and is considered to be less risky than HBM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ARG.TO | HBM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.64% | 19.22% | -2.58% |
Volatility (6M)Calculated over the trailing 6-month period | 39.81% | 43.13% | -3.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 49.94% | 55.05% | -5.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.72% | 51.99% | -8.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 60.24% | 55.84% | +4.40% |
Dividends
ARG.TO vs. HBM - Dividend Comparison
ARG.TO's dividend yield for the trailing twelve months is around 5.15%, more than HBM's 0.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARG.TO Amerigo Resources Ltd. | 5.15% | 3.96% | 10.26% | 8.63% | 9.09% | 1.37% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HBM Hudbay Minerals Inc. | 0.05% | 0.07% | 0.17% | 0.31% | 0.32% | 0.22% | 0.21% | 0.36% | 0.38% | 0.23% | 0.35% | 0.52% |
Financials
ARG.TO vs. HBM - Financials Comparison
This section allows you to compare key financial metrics between Amerigo Resources Ltd. and Hudbay Minerals 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
ARG.TO vs. HBM - Profitability Comparison
ARG.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Amerigo Resources Ltd. reported a gross profit of 26.88M and revenue of 100.54M. Therefore, the gross margin over that period was 26.7%.
HBM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Hudbay Minerals Inc. reported a gross profit of 340.81M and revenue of 745.43M. Therefore, the gross margin over that period was 45.7%.
ARG.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Amerigo Resources Ltd. reported an operating income of 24.88M and revenue of 100.54M, resulting in an operating margin of 24.7%.
HBM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Hudbay Minerals Inc. reported an operating income of 297.62M and revenue of 745.43M, resulting in an operating margin of 39.9%.
ARG.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Amerigo Resources Ltd. reported a net income of 14.72M and revenue of 100.54M, resulting in a net margin of 14.6%.
HBM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Hudbay Minerals Inc. reported a net income of 187.76M and revenue of 745.43M, resulting in a net margin of 25.2%.
Frequently Asked Questions
ARG.TO and HBM have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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