CMCX.L vs. SSL.TO

Last updated Jun 4, 2026

CMCX.L (CMC Markets plc) and SSL.TO (Sandstorm Gold Ltd.) are both stocks. CMCX.L operates in Capital Markets (Financial Services), while SSL.TO operates in Gold (Basic Materials). At a 0.01 correlation, their price movements are largely independent.

Performance

CMCX.L vs. SSL.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in CMC Markets plc (CMCX.L) and Sandstorm Gold Ltd. (SSL.TO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

CMCX.L is traded in GBp, while SSL.TO is traded in CAD. To make them comparable, the SSL.TO values have been converted to GBp using the latest available exchange rates.

Returns By Period

CMCX.L

• 1D: -1.21%
• 1M: 0.55%
• YTD: 23.08%
• 6M: 26.46%
• 1Y: 34.77%
• 3Y*: 32.17%
• 5Y*: -1.39%
• 10Y*: 33.97%

SSL.TO

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CMCX.L vs. SSL.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CMCX.L CMC Markets plc	23.08%	27.16%	144.09%	-51.43%	-10.97%	-28.25%	183.92%	43.23%	544.41%	45.42%
SSL.TO Sandstorm Gold Ltd.	0.00%	93.52%	15.78%	5.24%	7.21%	-12.47%	-6.82%	63.53%	-1.67%	16.37%

Correlation

The correlation between CMCX.L and SSL.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	0.01
Correlation (5Y) Calculated over the trailing 5-year period	0.05
Correlation (10Y) Calculated over the trailing 10-year period	0.01
Correlation (All Time) Calculated using the full available price history since Feb 8, 2016	0.01

The correlation between CMCX.L and SSL.TO shifts across timeframes, from -0.08 (1 year) to 0.05 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap CMCX.L : £996.54M SSL.TO : CA$4.85B
EPS CMCX.L : £0.54 SSL.TO : CA$0.11
PE Ratio CMCX.L : 6.76 SSL.TO : 140.94
PS Ratio CMCX.L : 1.33 SSL.TO : 25.06
PB Ratio CMCX.L : 2.34 SSL.TO : 3.40
Total Revenue (TTM) CMCX.L : £747.21M SSL.TO : CA$193.59M
Gross Profit (TTM) CMCX.L : £363.93M SSL.TO : CA$163.20M
EBITDA (TTM) CMCX.L : £161.09M SSL.TO : CA$148.46M

Return for Risk

CMCX.L vs. SSL.TO — Risk / Return Rank

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

CMCX.L

CMCX.L Risk / Return Rank: 68
CMCX.L Sharpe Ratio Rank: 67
CMCX.L Sortino Ratio Rank: 67
CMCX.L Omega Ratio Rank: 73
CMCX.L Calmar Ratio Rank: 67
CMCX.L Martin Ratio Rank: 65

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.

CMCX.L vs. SSL.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CMC Markets plc (CMCX.L) and Sandstorm Gold Ltd. (SSL.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.

	CMCX.L	SSL.TO	Difference
Sharpe ratio: Return per unit of total volatility	0.82	—	—
Sortino ratio: Return per unit of downside risk	1.62	—	—
Omega ratio: Gain probability vs. loss probability	1.25	—	—
Calmar ratio: Return relative to maximum drawdown	1.38	—	—
Martin ratio: Return relative to average drawdown	2.85	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	CMCX.L	SSL.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.82	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.03	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.14	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.14	—	—

Drawdowns

Drawdown Indicators

	CMCX.L	SSL.TO	Difference
Max Drawdown Largest peak-to-trough decline	-81.04%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-25.04%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-47.91%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-79.80%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-81.04%	—	—
Current Drawdown Current decline from peak	-13.86%	—	—
Average Drawdown Average peak-to-trough decline	-34.82%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	7.23%	—	—

Volatility

Volatility by Period

	CMCX.L	SSL.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.65%	—	—
Volatility (6M) Calculated over the trailing 6-month period	18.32%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	42.36%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	46.27%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	250.24%	—	—

Dividends

CMCX.L vs. SSL.TO - Dividend Comparison

CMCX.L's dividend yield for the trailing twelve months is around 3.75%, more than SSL.TO's 0.12% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
CMCX.L CMC Markets plc	3.75%	4.62%	4.19%	4.67%	5.53%	9.46%	5.47%	2.41%	102.65%	5.95%	7.64%
SSL.TO Sandstorm Gold Ltd.	0.12%	0.25%	1.94%	14.70%	13.03%	0.00%	0.00%	4.21%	0.00%	0.00%	0.00%

Financials

CMCX.L vs. SSL.TO - Profitability Comparison

The chart below illustrates the profitability comparison between CMC Markets plc and Sandstorm Gold Ltd. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

CMCX.L - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, CMC Markets plc reported a gross profit of 0.00 and revenue of 193.69M. Therefore, the gross margin over that period was 0.0%.

SSL.TO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Sandstorm Gold Ltd. reported a gross profit of 42.70M and revenue of 51.42M. Therefore, the gross margin over that period was 83.0%.

CMCX.L - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, CMC Markets plc reported an operating income of 53.50M and revenue of 193.69M, resulting in an operating margin of 27.6%.

SSL.TO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Sandstorm Gold Ltd. reported an operating income of 39.05M and revenue of 51.42M, resulting in an operating margin of 76.0%.

CMCX.L - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, CMC Markets plc reported a net income of 35.94M and revenue of 193.69M, resulting in a net margin of 18.6%.

SSL.TO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Sandstorm Gold Ltd. reported a net income of 15.46M and revenue of 51.42M, resulting in a net margin of 30.1%.

Frequently Asked Questions

Can I hold both CMCX.L and SSL.TO in my portfolio?

CMCX.L and SSL.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.