AU vs. AEM
AU (AngloGold Ashanti Limited) and AEM (Agnico Eagle Mines Limited) are both stocks. Both operate in the Gold industry within the Basic Materials sector. Over the past 10 years, AU returned 15.63%/yr vs 11.46%/yr for AEM. Their 0.70 correlation means they have sometimes moved together and sometimes differently.
Performance
AU vs. AEM - Performance Comparison
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Returns By Period
In the year-to-date period, AU achieves a -4.27% return, which is significantly higher than AEM's -13.95% return. Over the past 10 years, AU has outperformed AEM with an annualized return of 15.63%, while AEM has yielded a comparatively lower 11.46% annualized return.
AU
- 1D
- -3.66%
- 1M
- -1.94%
- 6M
- -12.10%
- YTD
- -4.27%
- 1Y
- 80.98%
- 3Y*
- 63.56%
- 5Y*
- 35.23%
- 10Y*
- 15.63%
- ALL TIME*
- 6.86%
AEM
- 1D
- -3.64%
- 1M
- -6.19%
- 6M
- -23.42%
- YTD
- -13.95%
- 1Y
- 17.91%
- 3Y*
- 44.82%
- 5Y*
- 20.40%
- 10Y*
- 11.46%
- ALL TIME*
- 7.47%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $362.33M | $376.74M | $426.77M | |
| $212.23M | $200.63M | $261.69M |
AU vs. AEM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AU AngloGold Ashanti Limited | -4.27% | 288.18% | 25.43% | -2.68% | -5.09% | -4.87% | 1.90% | 78.89% | 23.96% | -2.23% |
AEM Agnico Eagle Mines Limited | -13.95% | 119.53% | 46.04% | 8.98% | 1.08% | -22.81% | 17.39% | 54.18% | -11.51% | 10.92% |
Correlation
The correlation between AU and AEM is 0.83, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.83 |
Correlation (3Y) Balances recent behavior with more history. | 0.78 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.76 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.74 |
Correlation (All Time) Calculated using the full available price history since Aug 5, 1998 | 0.70 |
The correlation between AU and AEM shifts across timeframes, from 0.70 (all time) to 0.83 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
AU:
$40.12B
AEM:
$73.56B
AU:
$6.85
AEM:
$11.60
AU:
11.57
AEM:
12.52
AU:
0.13
AEM:
0.19
AU:
3.60
AEM:
5.06
AU:
4.69
AEM:
2.56
AU:
$11.17B
AEM:
$14.43B
AU:
$5.82B
AEM:
$9.02B
AU:
$5.58B
AEM:
$10.36B
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Return for Risk
AU vs. AEM — Risk / Return Rank
AU
AEM
AU vs. AEM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AngloGold Ashanti Limited (AU) and Agnico Eagle Mines Limited (AEM). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AU | AEM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.98 | ||
| Sortino ratioReturn per unit of downside risk | +1.07 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.10 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 2.04 | 0.39 | +1.65 |
| Martin ratioReturn relative to average drawdown | 4.36 | 0.90 | +3.47 |
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Drawdowns
AU vs. AEM - Drawdown Comparison
The maximum AU drawdown since its inception was -90.12%, roughly equal to the maximum AEM drawdown of -90.49%. Use the drawdown chart below to compare losses from any high point for AU and AEM.
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Drawdown Indicators
| AU | AEM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.12% | -90.49% | +0.37% |
Max Drawdown (1Y)Largest decline over 1 year | -39.91% | -45.80% | +5.89% |
Max Drawdown (3Y)Largest decline over 3 years | -39.91% | -45.80% | +5.89% |
Max Drawdown (5Y)Largest decline over 5 years | -51.75% | -45.80% | -5.95% |
Max Drawdown (10Y)Largest decline over 10 years | -67.91% | -53.86% | -14.05% |
Current DrawdownCurrent decline from peak | -36.35% | -42.25% | +5.90% |
Average DrawdownAverage peak-to-trough decline | -46.01% | -46.63% | +0.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.61% | 20.06% | -1.45% |
Volatility
AU vs. AEM - Volatility Comparison
AngloGold Ashanti Limited (AU) has a higher volatility of 13.39% compared to Agnico Eagle Mines Limited (AEM) at 11.20%. This indicates that AU's price experiences larger fluctuations and is considered to be riskier than AEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AU | AEM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.39% | 11.20% | +2.19% |
Volatility (6M)Calculated over the trailing 6-month period | 45.78% | 36.02% | +9.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 58.93% | 44.77% | +14.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.59% | 37.35% | +12.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.75% | 37.38% | +12.37% |
Dividends
AU vs. AEM - Dividend Comparison
AU's dividend yield for the trailing twelve months is around 5.80%, more than AEM's 1.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AEM Agnico Eagle Mines Limited | 1.17% | 0.94% | 2.05% | 2.92% | 3.08% | 2.63% | 2.36% | 0.89% | 1.09% | 0.89% | 0.86% | 1.22% |
AU AngloGold Ashanti Limited | 5.80% | 2.96% | 1.78% | 1.14% | 2.26% | 2.58% | 0.49% | 0.30% | 0.48% | 0.93% | 0.00% | 0.00% |
Financials
AU vs. AEM - Financials Comparison
This section allows you to compare key financial metrics between AngloGold Ashanti Limited and Agnico Eagle Mines Limited. 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
AU vs. AEM - Profitability Comparison
AU - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, AngloGold Ashanti Limited reported a gross profit of 1.88B and revenue of 3.24B. Therefore, the gross margin over that period was 58.2%.
AEM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Agnico Eagle Mines Limited reported a gross profit of 2.30B and revenue of 3.71B. Therefore, the gross margin over that period was 62.2%.
AU - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, AngloGold Ashanti Limited reported an operating income of 1.84B and revenue of 3.24B, resulting in an operating margin of 56.8%.
AEM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Agnico Eagle Mines Limited reported an operating income of 2.22B and revenue of 3.71B, resulting in an operating margin of 60.0%.
AU - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, AngloGold Ashanti Limited reported a net income of 1.28B and revenue of 3.24B, resulting in a net margin of 39.6%.
AEM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Agnico Eagle Mines Limited reported a net income of 1.56B and revenue of 3.71B, resulting in a net margin of 42.1%.
Frequently Asked Questions
AU and AEM have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AU has higher volatility (13.39%) compared to AEM (11.20%). In terms of maximum drawdown, AU dropped -90.12% vs AEM's -90.49%.
AU currently has the higher Sharpe Ratio (1.38 vs 0.40), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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