BYRN vs. WDO.TO
BYRN (Byrna Technologies Inc.) and WDO.TO (Wesdome Gold Mines Ltd.) are both stocks. BYRN operates in Aerospace & Defense (Industrials), while WDO.TO operates in Gold (Basic Materials). Over the past 10 years, BYRN returned 4.88%/yr vs 28.20%/yr for WDO.TO. At a 0.02 correlation, their price movements are largely independent.
Performance
BYRN vs. WDO.TO - Performance Comparison
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Different Trading Currencies
BYRN is traded in USD, while WDO.TO is traded in CAD. To make them comparable, the WDO.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, BYRN achieves a -76.98% return, which is significantly lower than WDO.TO's 11.71% return. Over the past 10 years, BYRN has underperformed WDO.TO with an annualized return of 4.88%, while WDO.TO has yielded a comparatively higher 28.20% annualized return.
BYRN
- 1D
- -1.90%
- 1M
- -40.08%
- 6M
- -77.79%
- YTD
- -76.98%
- 1Y
- -83.17%
- 3Y*
- -1.63%
- 5Y*
- -28.95%
- 10Y*
- 4.88%
WDO.TO
- 1D
- -2.42%
- 1M
- 5.21%
- 6M
- 4.58%
- YTD
- 11.71%
- 1Y
- 39.26%
- 3Y*
- 54.24%
- 5Y*
- 13.72%
- 10Y*
- 28.20%
BYRN vs. WDO.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BYRN Byrna Technologies Inc. | -76.98% | -41.72% | 350.86% | -18.49% | -41.27% | -7.93% | 663.16% | 26.67% | 7.14% | -30.00% |
WDO.TO Wesdome Gold Mines Ltd. | 11.71% | 84.57% | 54.37% | 5.59% | -38.89% | 8.43% | 6.96% | 139.44% | 93.67% | 8.29% |
Correlation
The correlation between BYRN and WDO.TO is 0.08, 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 | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Feb 23, 2011 | 0.02 |
Fundamentals
BYRN:
$87.68M
WDO.TO:
CA$3.90B
BYRN:
-$0.16
WDO.TO:
CA$2.68
BYRN:
0.84
WDO.TO:
3.87
BYRN:
1.54
WDO.TO:
3.90
BYRN:
$108.86M
WDO.TO:
CA$1.03B
BYRN:
$57.17M
WDO.TO:
CA$636.67M
BYRN:
-$3.55M
WDO.TO:
CA$694.56M
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Return for Risk
BYRN vs. WDO.TO — Risk / Return Rank
BYRN
WDO.TO
BYRN vs. WDO.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Byrna Technologies Inc. (BYRN) and Wesdome Gold Mines Ltd. (WDO.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.
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.
| BYRN | WDO.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.82 | ||
| Sortino ratioReturn per unit of downside risk | -3.63 | ||
| Omega ratioGain probability vs. loss probability | 0.69 | 1.16 | -0.47 |
| Calmar ratioReturn relative to maximum drawdown | -0.99 | 1.54 | -2.53 |
| Martin ratioReturn relative to average drawdown | -1.65 | 3.62 | -5.28 |
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Drawdowns
BYRN vs. WDO.TO - Drawdown Comparison
The maximum BYRN drawdown since its inception was -92.51%, roughly equal to the maximum WDO.TO drawdown of -89.89%. Use the drawdown chart below to compare losses from any high point for BYRN and WDO.TO.
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Drawdown Indicators
| BYRN | WDO.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.51% | -89.89% | -2.62% |
Max Drawdown (1Y)Largest decline over 1 year | -86.01% | -26.79% | -59.22% |
Max Drawdown (3Y)Largest decline over 3 years | -88.70% | -26.79% | -61.91% |
Max Drawdown (5Y)Largest decline over 5 years | -92.51% | -64.89% | -27.62% |
Max Drawdown (10Y)Largest decline over 10 years | -92.51% | -64.89% | -27.62% |
Current DrawdownCurrent decline from peak | -88.70% | -17.94% | -70.76% |
Average DrawdownAverage peak-to-trough decline | -52.50% | -37.02% | -15.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 51.63% | 11.37% | +40.26% |
Volatility
BYRN vs. WDO.TO - Volatility Comparison
Byrna Technologies Inc. (BYRN) has a higher volatility of 46.46% compared to Wesdome Gold Mines Ltd. (WDO.TO) at 19.71%. This indicates that BYRN's price experiences larger fluctuations and is considered to be riskier than WDO.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BYRN | WDO.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 46.46% | 19.71% | +26.75% |
Volatility (6M)Calculated over the trailing 6-month period | 74.13% | 44.09% | +30.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 82.31% | 54.69% | +27.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 75.22% | 48.86% | +26.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 96.16% | 53.55% | +42.61% |
Dividends
BYRN vs. WDO.TO - Dividend Comparison
Neither BYRN nor WDO.TO has paid dividends to shareholders.
Financials
BYRN vs. WDO.TO - Financials Comparison
This section allows you to compare key financial metrics between Byrna Technologies Inc. and Wesdome Gold Mines Ltd.. 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
BYRN vs. WDO.TO - Profitability Comparison
BYRN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Byrna Technologies Inc. reported a gross profit of 1.78M and revenue of 16.39M. Therefore, the gross margin over that period was 10.9%.
WDO.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Wesdome Gold Mines Ltd. reported a gross profit of 188.53M and revenue of 299.79M. Therefore, the gross margin over that period was 62.9%.
BYRN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Byrna Technologies Inc. reported an operating income of -12.85M and revenue of 16.39M, resulting in an operating margin of -78.4%.
WDO.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Wesdome Gold Mines Ltd. reported an operating income of 177.51M and revenue of 299.79M, resulting in an operating margin of 59.2%.
BYRN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Byrna Technologies Inc. reported a net income of -10.09M and revenue of 16.39M, resulting in a net margin of -61.6%.
WDO.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Wesdome Gold Mines Ltd. reported a net income of 118.88M and revenue of 299.79M, resulting in a net margin of 39.7%.
Frequently Asked Questions
BYRN and WDO.TO have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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