ARG.TO vs. SLS.TO

Last updated Jun 4, 2026

ARG.TO (Amerigo Resources Ltd.) and SLS.TO (Solaris Resources Inc.) are both stocks. Both are in the Basic Materials sector — ARG.TO in Copper, SLS.TO in Other Precious Metals & Mining. Over the past 5 years, ARG.TO returned 51.54%/yr vs 5.28%/yr for SLS.TO. At a 0.40 correlation, their price movements are largely independent.

Performance

ARG.TO vs. SLS.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Amerigo Resources Ltd. (ARG.TO) and Solaris Resources Inc. (SLS.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 higher than SLS.TO's 30.64% 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%

SLS.TO

• 1D: -5.77%
• 1M: 8.70%
• YTD: 30.64%
• 6M: 32.32%
• 1Y: 134.04%
• 3Y*: 34.55%
• 5Y*: 5.28%
• 10Y*: —

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

ARG.TO vs. SLS.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
ARG.TO Amerigo Resources Ltd.	59.88%	211.73%	23.68%	14.36%	-1.43%	85.47%	53.85%
SLS.TO Solaris Resources Inc.	30.64%	146.64%	7.99%	-35.87%	-61.98%	178.62%	305.33%

Correlation

The correlation between ARG.TO and SLS.TO is 0.58, 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	0.58
Correlation (3Y) Calculated over the trailing 3-year period	0.51
Correlation (5Y) Calculated over the trailing 5-year period	0.47
Correlation (All Time) Calculated using the full available price history since Jul 14, 2020	0.40

The correlation between ARG.TO and SLS.TO shifts across timeframes, from 0.40 (all time) to 0.58 (1 year), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap ARG.TO : CA$1.16B SLS.TO : CA$2.40B
EPS ARG.TO : CA$0.29 SLS.TO : -CA$0.18
Total Revenue (TTM) ARG.TO : CA$308.76M SLS.TO : CA$0.00
Gross Profit (TTM) ARG.TO : CA$84.85M SLS.TO : -CA$915.60K
EBITDA (TTM) ARG.TO : CA$102.47M SLS.TO : -CA$24.14M

Return for Risk

ARG.TO vs. SLS.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

SLS.TO

SLS.TO Risk / Return Rank: 90
SLS.TO Sharpe Ratio Rank: 92
SLS.TO Sortino Ratio Rank: 88
SLS.TO Omega Ratio Rank: 85
SLS.TO Calmar Ratio Rank: 91
SLS.TO Martin Ratio Rank: 93

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. SLS.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amerigo Resources Ltd. (ARG.TO) and Solaris Resources Inc. (SLS.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	SLS.TO	Difference
Sharpe ratio: Return per unit of total volatility	6.06	2.55	+3.52
Sortino ratio: Return per unit of downside risk	5.04	2.98	+2.07
Omega ratio: Gain probability vs. loss probability	1.70	1.36	+0.34
Calmar ratio: Return relative to maximum drawdown	10.54	4.99	+5.55
Martin ratio: Return relative to average drawdown	36.85	15.49	+21.36
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. SLS.TO - Sharpe Ratio Comparison

The current ARG.TO Sharpe Ratio is 6.06, which is higher than the SLS.TO Sharpe Ratio of 2.55. The chart below compares the historical Sharpe Ratios of ARG.TO and SLS.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	SLS.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	6.06	2.55	+3.52
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.19	0.09	+1.09
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.90	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.01	0.77	-0.77

Drawdowns

ARG.TO vs. SLS.TO - Drawdown Comparison

The maximum ARG.TO drawdown since its inception was -96.24%, which is greater than SLS.TO's maximum drawdown of -84.59%. Use the drawdown chart below to compare losses from any high point for ARG.TO and SLS.TO.

Drawdown Indicators

	ARG.TO	SLS.TO	Difference
Max Drawdown Largest peak-to-trough decline	-96.24%	-84.59%	-11.65%
Max Drawdown (1Y) Largest decline over 1 year	-28.72%	-27.01%	-1.71%
Max Drawdown (3Y) Largest decline over 3 years	-29.42%	-60.33%	+30.91%
Max Drawdown (5Y) Largest decline over 5 years	-52.89%	-84.59%	+31.70%
Max Drawdown (10Y) Largest decline over 10 years	-90.00%	—	—
Current Drawdown Current decline from peak	-4.90%	-15.17%	+10.27%
Average Drawdown Average peak-to-trough decline	-49.03%	-44.98%	-4.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.20%	8.69%	-0.49%

Volatility

ARG.TO vs. SLS.TO - Volatility Comparison

Amerigo Resources Ltd. (ARG.TO) and Solaris Resources Inc. (SLS.TO) have volatilities of 16.64% and 17.35%, 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.

Volatility by Period

	ARG.TO	SLS.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.64%	17.35%	-0.71%
Volatility (6M) Calculated over the trailing 6-month period	39.81%	39.52%	+0.29%
Volatility (1Y) Calculated over the trailing 1-year period	49.94%	53.01%	-3.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	43.72%	57.03%	-13.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	60.24%	60.95%	-0.71%

Dividends

ARG.TO vs. SLS.TO - Dividend Comparison

ARG.TO's dividend yield for the trailing twelve months is around 5.15%, while SLS.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%
SLS.TO Solaris Resources Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

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

ARG.TO and SLS.TO have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.