ARTG.V vs. EIT-UN.TO

Last updated Jun 4, 2026

ARTG.V (Artemis Gold Inc) is a stock, while EIT-UN.TO (Canoe EIT Income Fund) is Diversified Portfolio fund actively managed by Canoe. Over the past 5 years, ARTG.V returned 36.06%/yr vs 131.16%/yr for EIT-UN.TO. At a 0.15 correlation, their price movements are largely independent.

Performance

ARTG.V vs. EIT-UN.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Artemis Gold Inc (ARTG.V) and Canoe EIT Income Fund (EIT-UN.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ARTG.V achieves a -14.96% return, which is significantly lower than EIT-UN.TO's 27.79% return.

ARTG.V

• 1D: -4.38%
• 1M: -3.76%
• YTD: -14.96%
• 6M: -12.11%
• 1Y: 25.71%
• 3Y*: 87.54%
• 5Y*: 36.06%
• 10Y*: —

EIT-UN.TO

• 1D: 23.25%
• 1M: 24.15%
• YTD: 27.79%
• 6M: 33.97%
• 1Y: 25.62%
• 3Y*: 22.10%
• 5Y*: 131.16%
• 10Y*: 118.84%

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

ARTG.V vs. EIT-UN.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
ARTG.V Artemis Gold Inc	-14.96%	166.84%	117.56%	43.96%	-36.38%	7.81%	392.31%	30.00%
EIT-UN.TO Canoe EIT Income Fund	27.79%	3.45%	28.25%	5.94%	10.49%	4,164.28%	1,973.94%	4.21%

Correlation

The correlation between ARTG.V and EIT-UN.TO is 0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.01
Correlation (3Y) Calculated over the trailing 3-year period	0.13
Correlation (5Y) Calculated over the trailing 5-year period	0.17
Correlation (All Time) Calculated using the full available price history since Oct 3, 2019	0.15

The correlation between ARTG.V and EIT-UN.TO shifts across timeframes, from 0.01 (1 year) to 0.17 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

ARTG.V vs. EIT-UN.TO — Risk / Return Rank

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

ARTG.V

ARTG.V Risk / Return Rank: 57
ARTG.V Sharpe Ratio Rank: 60
ARTG.V Sortino Ratio Rank: 55
ARTG.V Omega Ratio Rank: 54
ARTG.V Calmar Ratio Rank: 58
ARTG.V Martin Ratio Rank: 60

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.

ARTG.V vs. EIT-UN.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Artemis Gold Inc (ARTG.V) and Canoe EIT Income Fund (EIT-UN.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.

	ARTG.V	EIT-UN.TO	Difference
Sharpe ratio: Return per unit of total volatility	0.54	1.00	-0.45
Sortino ratio: Return per unit of downside risk	1.01	2.53	-1.52
Omega ratio: Gain probability vs. loss probability	1.13	3.53	-2.40
Calmar ratio: Return relative to maximum drawdown	0.79	—	—
Martin ratio: Return relative to average drawdown	1.96	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ARTG.V vs. EIT-UN.TO - Sharpe Ratio Comparison

The current ARTG.V Sharpe Ratio is 0.54, which is lower than the EIT-UN.TO Sharpe Ratio of 1.00. The chart below compares the historical Sharpe Ratios of ARTG.V and EIT-UN.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

	ARTG.V	EIT-UN.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.54	1.00	-0.45
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.71	0.11	+0.60
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.12	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.14	0.00	+1.14

Drawdowns

ARTG.V vs. EIT-UN.TO - Drawdown Comparison

The maximum ARTG.V drawdown since its inception was -54.31%, roughly equal to the maximum EIT-UN.TO drawdown of -56.65%. Use the drawdown chart below to compare losses from any high point for ARTG.V and EIT-UN.TO.

Drawdown Indicators

	ARTG.V	EIT-UN.TO	Difference
Max Drawdown Largest peak-to-trough decline	-54.31%	-56.65%	+2.34%
Max Drawdown (1Y) Largest decline over 1 year	-32.89%	0.00%	-32.89%
Max Drawdown (3Y) Largest decline over 3 years	-32.89%	-10.73%	-22.16%
Max Drawdown (5Y) Largest decline over 5 years	-54.31%	-15.57%	-38.74%
Max Drawdown (10Y) Largest decline over 10 years	—	-50.36%	—
Current Drawdown Current decline from peak	-32.89%	0.00%	-32.89%
Average Drawdown Average peak-to-trough decline	-17.31%	-3.87%	-13.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.15%	6.16%	+6.99%

Volatility

ARTG.V vs. EIT-UN.TO - Volatility Comparison

The current volatility for Artemis Gold Inc (ARTG.V) is 14.01%, while Canoe EIT Income Fund (EIT-UN.TO) has a volatility of 20.88%. This indicates that ARTG.V experiences smaller price fluctuations and is considered to be less risky than EIT-UN.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ARTG.V	EIT-UN.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.01%	20.88%	-6.87%
Volatility (6M) Calculated over the trailing 6-month period	36.29%	21.29%	+15.00%
Volatility (1Y) Calculated over the trailing 1-year period	47.40%	25.85%	+21.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	51.19%	1,193.88%	-1,142.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	59.49%	1,020.22%	-960.73%

Dividends

ARTG.V vs. EIT-UN.TO - Dividend Comparison

ARTG.V has not paid dividends to shareholders, while EIT-UN.TO's dividend yield for the trailing twelve months is around 10.19%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ARTG.V Artemis Gold 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%
EIT-UN.TO Canoe EIT Income Fund	10.19%	12.56%	7.90%	9.29%	8.97%	104.98%	108.64%	11.53%	11.62%	11.01%	10.06%	10.71%

Frequently Asked Questions

Can I hold both ARTG.V and EIT-UN.TO in my portfolio?

ARTG.V and EIT-UN.TO have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.