ARG.TO vs. LGD.TO

Last updated Jun 4, 2026

ARG.TO (Amerigo Resources Ltd.) and LGD.TO (Liberty Gold Corp.) are both stocks. Both are in the Basic Materials sector — ARG.TO in Copper, LGD.TO in Gold. Over the past 10 years, ARG.TO returned 53.71%/yr vs 9.04%/yr for LGD.TO. At a 0.14 correlation, their price movements are largely independent.

Performance

ARG.TO vs. LGD.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Amerigo Resources Ltd. (ARG.TO) and Liberty Gold Corp. (LGD.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ARG.TO achieves a 59.88% return, which is significantly lower than LGD.TO's 106.02% return. Over the past 10 years, ARG.TO has outperformed LGD.TO with an annualized return of 53.71%, while LGD.TO has yielded a comparatively lower 9.04% 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%

LGD.TO

• 1D: -2.29%
• 1M: 23.91%
• YTD: 106.02%
• 6M: 101.18%
• 1Y: 451.61%
• 3Y*: 56.05%
• 5Y*: 0.35%
• 10Y*: 9.04%

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

ARG.TO vs. LGD.TO - 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%
LGD.TO Liberty Gold Corp.	106.02%	219.23%	-16.13%	-44.64%	-42.27%	-44.25%	59.63%	257.38%	-30.68%	-1.12%

Correlation

The correlation between ARG.TO and LGD.TO is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.43
Correlation (3Y) Calculated over the trailing 3-year period	0.31
Correlation (5Y) Calculated over the trailing 5-year period	0.26
Correlation (10Y) Calculated over the trailing 10-year period	0.13
Correlation (All Time) Calculated using the full available price history since Jan 11, 2001	0.14

Over the past year, ARG.TO and LGD.TO have become more correlated (0.43) than their long-term average of 0.14, meaning their price movements have been converging.

Fundamentals

Market Cap ARG.TO : CA$1.16B LGD.TO : CA$887.21M
EPS ARG.TO : CA$0.29 LGD.TO : -CA$0.06
PB Ratio ARG.TO : 9.77 LGD.TO : 25.13
Total Revenue (TTM) ARG.TO : CA$308.76M LGD.TO : CA$0.00
Gross Profit (TTM) ARG.TO : CA$84.85M LGD.TO : -CA$208.90K
EBITDA (TTM) ARG.TO : CA$102.47M LGD.TO : -CA$28.23M

Return for Risk

ARG.TO vs. LGD.TO — Risk / Return Rank

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

ARG.TO

ARG.TO Risk / Return Rank: 98
ARG.TO Sharpe Ratio Rank: 99
ARG.TO Sortino Ratio Rank: 98
ARG.TO Omega Ratio Rank: 97
ARG.TO Calmar Ratio Rank: 97
ARG.TO Martin Ratio Rank: 98

LGD.TO

LGD.TO Risk / Return Rank: 98
LGD.TO Sharpe Ratio Rank: 99
LGD.TO Sortino Ratio Rank: 97
LGD.TO Omega Ratio Rank: 96
LGD.TO Calmar Ratio Rank: 98
LGD.TO Martin Ratio Rank: 99

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.

ARG.TO vs. LGD.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amerigo Resources Ltd. (ARG.TO) and Liberty Gold Corp. (LGD.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.

	ARG.TO	LGD.TO	Difference
Sharpe ratio Return per unit of total volatility	6.06	6.55	-0.48
Sortino ratio Return per unit of downside risk	5.04	5.00	+0.05
Omega ratio Gain probability vs. loss probability	1.70	1.65	+0.05
Calmar ratio Return relative to maximum drawdown	10.54	11.05	-0.51
Martin ratio Return relative to average drawdown	36.85	39.87	-3.02
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ARG.TO vs. LGD.TO - Sharpe Ratio Comparison

The current ARG.TO Sharpe Ratio is 6.06, which is comparable to the LGD.TO Sharpe Ratio of 6.55. The chart below compares the historical Sharpe Ratios of ARG.TO and LGD.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

	ARG.TO	LGD.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	6.06	6.55	-0.48
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.19	0.01	+1.18
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.90	0.14	+0.76
Sharpe Ratio (All Time) Calculated using the full available price history	0.01	0.05	-0.05

Drawdowns

ARG.TO vs. LGD.TO - Drawdown Comparison

The maximum ARG.TO drawdown since its inception was -96.24%, roughly equal to the maximum LGD.TO drawdown of -99.66%. Use the drawdown chart below to compare losses from any high point for ARG.TO and LGD.TO.

Drawdown Indicators

	ARG.TO	LGD.TO	Difference
Max Drawdown Largest peak-to-trough decline	-96.24%	-99.66%	+3.42%
Max Drawdown (1Y) Largest decline over 1 year	-28.72%	-41.21%	+12.49%
Max Drawdown (3Y) Largest decline over 3 years	-29.42%	-50.00%	+20.58%
Max Drawdown (5Y) Largest decline over 5 years	-52.89%	-87.15%	+34.26%
Max Drawdown (10Y) Largest decline over 10 years	-90.00%	-90.04%	+0.04%
Current Drawdown Current decline from peak	-4.90%	-97.44%	+92.54%
Average Drawdown Average peak-to-trough decline	-49.03%	-76.12%	+27.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.20%	11.40%	-3.20%

Volatility

ARG.TO vs. LGD.TO - Volatility Comparison

The current volatility for Amerigo Resources Ltd. (ARG.TO) is 16.64%, while Liberty Gold Corp. (LGD.TO) has a volatility of 20.46%. This indicates that ARG.TO experiences smaller price fluctuations and is considered to be less risky than LGD.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ARG.TO	LGD.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.64%	20.46%	-3.82%
Volatility (6M) Calculated over the trailing 6-month period	39.81%	53.70%	-13.89%
Volatility (1Y) Calculated over the trailing 1-year period	49.94%	69.60%	-19.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	43.72%	67.98%	-24.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	60.24%	64.59%	-4.35%

Dividends

ARG.TO vs. LGD.TO - Dividend Comparison

ARG.TO's dividend yield for the trailing twelve months is around 5.15%, while LGD.TO has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
ARG.TO Amerigo Resources Ltd.	5.15%	3.96%	10.26%	8.63%	9.09%	1.37%
LGD.TO Liberty Gold Corp.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both ARG.TO and LGD.TO in my portfolio?

ARG.TO and LGD.TO have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.