AVHNY vs. CMCL

Last updated Jun 3, 2026

AVHNY (Ackermans & Van Haaren NV ADR) and CMCL (Caledonia Mining Corporation Plc) are both stocks. AVHNY operates in Engineering & Construction (Industrials), while CMCL operates in Gold (Basic Materials). Over the past year, AVHNY returned 68.42% vs 20.65% for CMCL. At a 0.03 correlation, their price movements are largely independent.

Performance

AVHNY vs. CMCL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Ackermans & Van Haaren NV ADR (AVHNY) and Caledonia Mining Corporation Plc (CMCL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AVHNY achieves a 2.08% return, which is significantly higher than CMCL's -19.36% return.

AVHNY

• 1D: 0.00%
• 1M: 2.08%
• YTD: 2.08%
• 6M: 68.42%
• 1Y: 68.42%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CMCL

• 1D: -2.66%
• 1M: -1.56%
• YTD: -19.36%
• 6M: -15.35%
• 1Y: 20.65%
• 3Y*: 22.06%
• 5Y*: 12.23%
• 10Y*: —

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

AVHNY vs. CMCL - Yearly Performance Comparison

	2026 (YTD)	2025	2024
AVHNY Ackermans & Van Haaren NV ADR	2.08%	76.45%	0.00%
CMCL Caledonia Mining Corporation Plc	-19.36%	186.75%	-40.33%

Correlation

The correlation between AVHNY and CMCL 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 (All Time) Calculated using the full available price history since Oct 14, 2024	0.03

Fundamentals

Market Cap AVHNY : $8.61B CMCL : $413.16M
EPS AVHNY : $3.21 CMCL : $3.15
PE Ratio AVHNY : 8.20 CMCL : 6.62
PEG Ratio AVHNY : 0.46 CMCL : 0.18
PS Ratio AVHNY : 0.72 CMCL : 1.50
PB Ratio AVHNY : 1.51 CMCL : 1.52
Total Revenue (TTM) AVHNY : $11.98B CMCL : $274.16M
Gross Profit (TTM) AVHNY : $3.73B CMCL : $142.30M
EBITDA (TTM) AVHNY : $2.52B CMCL : $137.13M

Return for Risk

AVHNY vs. CMCL — Risk / Return Rank

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

AVHNY

AVHNY Risk / Return Rank: 94
AVHNY Sharpe Ratio Rank: 72
AVHNY Sortino Ratio Rank: 100
AVHNY Omega Ratio Rank: 100
AVHNY Calmar Ratio Rank: 100
AVHNY Martin Ratio Rank: 99

CMCL

CMCL Risk / Return Rank: 50
CMCL Sharpe Ratio Rank: 52
CMCL Sortino Ratio Rank: 49
CMCL Omega Ratio Rank: 49
CMCL Calmar Ratio Rank: 51
CMCL Martin Ratio Rank: 50

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.

AVHNY vs. CMCL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ackermans & Van Haaren NV ADR (AVHNY) and Caledonia Mining Corporation Plc (CMCL). 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.

	AVHNY	CMCL	Difference
Sharpe ratio Return per unit of total volatility	1.07	0.32	+0.75
Sortino ratio Return per unit of downside risk	25.65	0.84	+24.81
Omega ratio Gain probability vs. loss probability	26.45	1.11	+25.34
Calmar ratio Return relative to maximum drawdown	25.93	0.47	+25.46
Martin ratio Return relative to average drawdown	43.15	0.87	+42.28
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AVHNY vs. CMCL - Sharpe Ratio Comparison

The current AVHNY Sharpe Ratio is 1.07, which is higher than the CMCL Sharpe Ratio of 0.32. The chart below compares the historical Sharpe Ratios of AVHNY and CMCL, 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

	AVHNY	CMCL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.07	0.32	+0.75
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.23	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.04	0.35	+0.70

Drawdowns

AVHNY vs. CMCL - Drawdown Comparison

The maximum AVHNY drawdown since its inception was -2.64%, smaller than the maximum CMCL drawdown of -65.77%. Use the drawdown chart below to compare losses from any high point for AVHNY and CMCL.

Drawdown Indicators

	AVHNY	CMCL	Difference
Max Drawdown Largest peak-to-trough decline	-2.64%	-65.77%	+63.13%
Max Drawdown (1Y) Largest decline over 1 year	-2.64%	-43.76%	+41.12%
Max Drawdown (3Y) Largest decline over 3 years	—	-45.27%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-50.00%	—
Current Drawdown Current decline from peak	0.00%	-43.76%	+43.76%
Average Drawdown Average peak-to-trough decline	-0.78%	-35.77%	+34.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.59%	23.89%	-22.30%

Volatility

AVHNY vs. CMCL - Volatility Comparison

The current volatility for Ackermans & Van Haaren NV ADR (AVHNY) is 2.05%, while Caledonia Mining Corporation Plc (CMCL) has a volatility of 13.52%. This indicates that AVHNY experiences smaller price fluctuations and is considered to be less risky than CMCL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVHNY	CMCL	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.05%	13.52%	-11.47%
Volatility (6M) Calculated over the trailing 6-month period	50.10%	47.57%	+2.53%
Volatility (1Y) Calculated over the trailing 1-year period	65.52%	65.17%	+0.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	59.13%	52.60%	+6.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	59.13%	54.57%	+4.56%

Dividends

AVHNY vs. CMCL - Dividend Comparison

AVHNY's dividend yield for the trailing twelve months is around 3.68%, more than CMCL's 2.69% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
AVHNY Ackermans & Van Haaren NV ADR	3.68%	1.64%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
CMCL Caledonia Mining Corporation Plc	2.69%	2.14%	5.95%	4.59%	4.52%	4.29%	2.11%	3.27%	5.23%	1.86%

Financials

AVHNY vs. CMCL - Profitability Comparison

The chart below illustrates the profitability comparison between Ackermans & Van Haaren NV ADR and Caledonia Mining Corporation Plc over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

AVHNY - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Ackermans & Van Haaren NV ADR reported a gross profit of 409.06M and revenue of 2.91B. Therefore, the gross margin over that period was 14.1%.

CMCL - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Caledonia Mining Corporation Plc reported a gross profit of 32.10M and revenue of 66.43M. Therefore, the gross margin over that period was 48.3%.

AVHNY - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Ackermans & Van Haaren NV ADR reported an operating income of 379.86M and revenue of 2.91B, resulting in an operating margin of 13.1%.

CMCL - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Caledonia Mining Corporation Plc reported an operating income of 26.87M and revenue of 66.43M, resulting in an operating margin of 40.4%.

AVHNY - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Ackermans & Van Haaren NV ADR reported a net income of 316.94M and revenue of 2.91B, resulting in a net margin of 10.9%.

CMCL - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Caledonia Mining Corporation Plc reported a net income of 15.85M and revenue of 66.43M, resulting in a net margin of 23.9%.

Frequently Asked Questions

Can I hold both AVHNY and CMCL in my portfolio?

AVHNY and CMCL 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.

Which is riskier, AVHNY or CMCL?

CMCL has higher volatility (13.52%) compared to AVHNY (2.05%). In terms of maximum drawdown, AVHNY dropped -2.64% vs CMCL's -65.77%.

Which has better risk-adjusted returns?

AVHNY currently has the higher Sharpe Ratio (1.07 vs 0.32), 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.