ARG.TO vs. LUN.TO
ARG.TO (Amerigo Resources Ltd.) and LUN.TO (Lundin Mining Corporation) 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 28.49%/yr for LUN.TO. At a 0.28 correlation, their price movements are largely independent.
Performance
ARG.TO vs. LUN.TO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ARG.TO achieves a 59.88% return, which is significantly higher than LUN.TO's 43.49% return. Over the past 10 years, ARG.TO has outperformed LUN.TO with an annualized return of 53.71%, while LUN.TO has yielded a comparatively lower 28.49% 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%
LUN.TO
- 1D
- -4.10%
- 1M
- 25.90%
- YTD
- 43.49%
- 6M
- 58.11%
- 1Y
- 215.52%
- 3Y*
- 64.72%
- 5Y*
- 30.96%
- 10Y*
- 28.49%
ARG.TO vs. LUN.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% |
LUN.TO Lundin Mining Corporation | 43.49% | 141.31% | 17.72% | 35.67% | -11.74% | -9.34% | 49.12% | 40.12% | -31.40% | 32.67% |
Correlation
The correlation between ARG.TO and LUN.TO is 0.61, 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 | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.53 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Feb 22, 1999 | 0.28 |
Over the past year, ARG.TO and LUN.TO have become more correlated (0.61) than their long-term average of 0.28, meaning their price movements have been converging.
Fundamentals
ARG.TO:
CA$1.16B
LUN.TO:
CA$36.40B
ARG.TO:
CA$0.29
LUN.TO:
CA$1.69
ARG.TO:
24.36
LUN.TO:
25.05
ARG.TO:
0.21
LUN.TO:
0.15
ARG.TO:
3.72
LUN.TO:
9.00
ARG.TO:
9.77
LUN.TO:
5.31
ARG.TO:
CA$308.76M
LUN.TO:
CA$4.04B
ARG.TO:
CA$84.85M
LUN.TO:
CA$1.55B
ARG.TO:
CA$102.47M
LUN.TO:
CA$1.92B
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ARG.TO vs. LUN.TO — Risk / Return Rank
ARG.TO
LUN.TO
ARG.TO vs. LUN.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amerigo Resources Ltd. (ARG.TO) and Lundin Mining Corporation (LUN.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 | LUN.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.82 | ||
| Sortino ratioReturn per unit of downside risk | +0.97 | ||
| Omega ratioGain probability vs. loss probability | 1.70 | 1.54 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 10.54 | 6.44 | +4.09 |
| Martin ratioReturn relative to average drawdown | 36.85 | 21.68 | +15.18 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| ARG.TO | LUN.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 6.06 | 4.24 | +1.82 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.19 | 0.68 | +0.51 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.90 | 0.63 | +0.27 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.01 | 0.00 | 0.00 |
Drawdowns
ARG.TO vs. LUN.TO - Drawdown Comparison
The maximum ARG.TO drawdown since its inception was -96.24%, roughly equal to the maximum LUN.TO drawdown of -95.33%. Use the drawdown chart below to compare losses from any high point for ARG.TO and LUN.TO.
Loading charts...
Drawdown Indicators
| ARG.TO | LUN.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.24% | -95.33% | -0.91% |
Max Drawdown (1Y)Largest decline over 1 year | -28.72% | -33.67% | +4.95% |
Max Drawdown (3Y)Largest decline over 3 years | -29.42% | -47.11% | +17.69% |
Max Drawdown (5Y)Largest decline over 5 years | -52.89% | -53.91% | +1.02% |
Max Drawdown (10Y)Largest decline over 10 years | -90.00% | -57.61% | -32.39% |
Current DrawdownCurrent decline from peak | -4.90% | -4.69% | -0.21% |
Average DrawdownAverage peak-to-trough decline | -49.03% | -48.28% | -0.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.20% | 9.99% | -1.79% |
Volatility
ARG.TO vs. LUN.TO - Volatility Comparison
Amerigo Resources Ltd. (ARG.TO) and Lundin Mining Corporation (LUN.TO) have volatilities of 16.64% and 16.29%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ARG.TO | LUN.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.64% | 16.29% | +0.35% |
Volatility (6M)Calculated over the trailing 6-month period | 39.81% | 42.34% | -2.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 49.94% | 51.12% | -1.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.72% | 45.86% | -2.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 60.24% | 45.78% | +14.46% |
Dividends
ARG.TO vs. LUN.TO - Dividend Comparison
ARG.TO's dividend yield for the trailing twelve months is around 5.15%, more than LUN.TO's 0.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
LUN.TO Lundin Mining Corporation | 0.26% | 0.59% | 3.64% | 3.32% | 5.66% | 3.95% | 1.42% | 1.55% | 2.13% | 1.44% |
Financials
ARG.TO vs. LUN.TO - Financials Comparison
This section allows you to compare key financial metrics between Amerigo Resources Ltd. and Lundin Mining Corporation. 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. LUN.TO - 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%.
LUN.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Lundin Mining Corporation reported a gross profit of 537.50M and revenue of 1.16B. Therefore, the gross margin over that period was 46.4%.
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%.
LUN.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Lundin Mining Corporation reported an operating income of 503.80M and revenue of 1.16B, resulting in an operating margin of 43.5%.
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%.
LUN.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Lundin Mining Corporation reported a net income of 281.40M and revenue of 1.16B, resulting in a net margin of 24.3%.
Frequently Asked Questions
ARG.TO and LUN.TO have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for ARG.TO and LUN.TO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer