BGL.AX vs. WELL.TO

Last updated Jun 4, 2026

BGL.AX (Bellevue Gold Limited) and WELL.TO (WELL Health Technologies Corp.) are both stocks. BGL.AX operates in Gold (Basic Materials), while WELL.TO operates in Medical Care Facilities (Healthcare). Over the past 10 years, BGL.AX returned 58.76%/yr vs 44.14%/yr for WELL.TO. At a 0.02 correlation, their price movements are largely independent.

Performance

BGL.AX vs. WELL.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in Bellevue Gold Limited (BGL.AX) and WELL Health Technologies Corp. (WELL.TO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

BGL.AX is traded in AUD, while WELL.TO is traded in CAD. To make them comparable, the WELL.TO values have been converted to AUD using the latest available exchange rates.

Returns By Period

In the year-to-date period, BGL.AX achieves a -11.44% return, which is significantly lower than WELL.TO's 11.91% return. Over the past 10 years, BGL.AX has outperformed WELL.TO with an annualized return of 58.76%, while WELL.TO has yielded a comparatively lower 44.14% annualized return.

BGL.AX

• 1D: -1.63%
• 1M: -2.58%
• YTD: -11.44%
• 6M: 5.96%
• 1Y: 58.12%
• 3Y*: 3.68%
• 5Y*: 13.69%
• 10Y*: 58.76%

WELL.TO

• 1D: -0.96%
• 1M: 10.43%
• YTD: 11.91%
• 6M: 12.25%
• 1Y: 7.04%
• 3Y*: -5.35%
• 5Y*: -8.65%
• 10Y*: 44.14%

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

BGL.AX vs. WELL.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BGL.AX Bellevue Gold Limited	-11.44%	51.56%	-32.84%	48.23%	33.73%	-24.55%	109.35%	30.49%	54.72%	1,104.55%
WELL.TO WELL Health Technologies Corp.	11.91%	-43.48%	80.62%	38.75%	-42.46%	-34.95%	380.13%	265.68%	4.44%	199.68%

Correlation

The correlation between BGL.AX and WELL.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	-0.03
Correlation (5Y) Calculated over the trailing 5-year period	0.03
Correlation (10Y) Calculated over the trailing 10-year period	0.02
Correlation (All Time) Calculated using the full available price history since Dec 19, 2012	0.02

Return for Risk

BGL.AX vs. WELL.TO — Risk / Return Rank

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

BGL.AX

BGL.AX Risk / Return Rank: 70
BGL.AX Sharpe Ratio Rank: 72
BGL.AX Sortino Ratio Rank: 69
BGL.AX Omega Ratio Rank: 66
BGL.AX Calmar Ratio Rank: 70
BGL.AX Martin Ratio Rank: 73

WELL.TO

WELL.TO Risk / Return Rank: 52
WELL.TO Sharpe Ratio Rank: 57
WELL.TO Sortino Ratio Rank: 53
WELL.TO Omega Ratio Rank: 52
WELL.TO Calmar Ratio Rank: 52
WELL.TO Martin Ratio Rank: 49

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.

BGL.AX vs. WELL.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bellevue Gold Limited (BGL.AX) and WELL Health Technologies Corp. (WELL.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.

	BGL.AX	WELL.TO	Difference
Sharpe ratio: Return per unit of total volatility	1.02	0.18	+0.85
Sortino ratio: Return per unit of downside risk	1.65	0.56	+1.09
Omega ratio: Gain probability vs. loss probability	1.20	1.07	+0.13
Calmar ratio: Return relative to maximum drawdown	1.56	0.17	+1.39
Martin ratio: Return relative to average drawdown	4.35	0.26	+4.09
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BGL.AX vs. WELL.TO - Sharpe Ratio Comparison

The current BGL.AX Sharpe Ratio is 1.02, which is higher than the WELL.TO Sharpe Ratio of 0.18. The chart below compares the historical Sharpe Ratios of BGL.AX and WELL.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

	BGL.AX	WELL.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.02	0.18	+0.85
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.25	-0.20	+0.45
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.74	0.66	+0.08
Sharpe Ratio (All Time) Calculated using the full available price history	0.15	0.18	-0.03

Drawdowns

BGL.AX vs. WELL.TO - Drawdown Comparison

The maximum BGL.AX drawdown since its inception was -99.34%, roughly equal to the maximum WELL.TO drawdown of -98.16%. Use the drawdown chart below to compare losses from any high point for BGL.AX and WELL.TO.

Drawdown Indicators

	BGL.AX	WELL.TO	Difference
Max Drawdown Largest peak-to-trough decline	-99.34%	-98.16%	-1.18%
Max Drawdown (1Y) Largest decline over 1 year	-36.93%	-41.62%	+4.69%
Max Drawdown (3Y) Largest decline over 3 years	-61.82%	-52.89%	-8.93%
Max Drawdown (5Y) Largest decline over 5 years	-61.82%	-69.65%	+7.83%
Max Drawdown (10Y) Largest decline over 10 years	-61.82%	-69.65%	+7.83%
Current Drawdown Current decline from peak	-25.62%	-48.78%	+23.16%
Average Drawdown Average peak-to-trough decline	-58.34%	-44.15%	-14.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.27%	26.67%	-13.40%

Volatility

BGL.AX vs. WELL.TO - Volatility Comparison

Bellevue Gold Limited (BGL.AX) has a higher volatility of 15.76% compared to WELL Health Technologies Corp. (WELL.TO) at 11.83%. This indicates that BGL.AX's price experiences larger fluctuations and is considered to be riskier than WELL.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BGL.AX	WELL.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.76%	11.83%	+3.93%
Volatility (6M) Calculated over the trailing 6-month period	44.51%	27.31%	+17.20%
Volatility (1Y) Calculated over the trailing 1-year period	56.37%	40.17%	+16.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	53.71%	44.59%	+9.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	79.06%	67.53%	+11.53%

Dividends

BGL.AX vs. WELL.TO - Dividend Comparison

Neither BGL.AX nor WELL.TO has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BGL.AX Bellevue Gold Limited	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	59.09%	48.39%
WELL.TO WELL Health Technologies Corp.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both BGL.AX and WELL.TO in my portfolio?

BGL.AX and WELL.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.