CNL.TO vs. USA.TO

Last updated Apr 1, 2026

Compare and contrast key facts about Collective Mining Ltd (CNL.TO) and Americas Gold and Silver Corporation (USA.TO).

Performance

CNL.TO vs. USA.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Collective Mining Ltd (CNL.TO) and Americas Gold and Silver Corporation (USA.TO). The values are adjusted to include any dividend payments, if applicable.

CNL.TO vs. USA.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
CNL.TO Collective Mining Ltd	22.15%	235.01%	41.13%	65.88%	-13.56%	207.29%	50.00%	-68.00%
USA.TO Americas Gold and Silver Corporation	3.12%	402.86%	69.70%	-57.14%	-24.51%	-75.00%	0.25%	84.16%

Fundamentals

Market Cap CNL.TO : CA$2.07B USA.TO : CA$4.78B
EPS CNL.TO : -CA$0.56 USA.TO : -CA$0.09
PB Ratio CNL.TO : 34.08 USA.TO : 95.16
Total Revenue (TTM) CNL.TO : CA$0.00 USA.TO : CA$109.13M
Gross Profit (TTM) CNL.TO : -CA$53.67K USA.TO : -CA$947.00K
EBITDA (TTM) CNL.TO : -CA$44.95M USA.TO : -CA$37.20M

Returns By Period

In the year-to-date period, CNL.TO achieves a 22.15% return, which is significantly higher than USA.TO's 3.12% return.

CNL.TO

• 1D: 9.55%
• 1M: -14.01%
• YTD: 22.15%
• 6M: 20.88%
• 1Y: 94.66%
• 3Y*: 80.56%
• 5Y*: 91.04%
• 10Y*: —

USA.TO

• 1D: 12.21%
• 1M: -45.78%
• YTD: 3.12%
• 6M: 39.88%
• 1Y: 277.14%
• 3Y*: 65.55%
• 5Y*: 0.38%
• 10Y*: 0.51%

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

Return for Risk

CNL.TO vs. USA.TO — Risk / Return Rank

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

CNL.TO

CNL.TO Risk / Return Rank: 81
CNL.TO Sharpe Ratio Rank: 83
CNL.TO Sortino Ratio Rank: 79
CNL.TO Omega Ratio Rank: 75
CNL.TO Calmar Ratio Rank: 86
CNL.TO Martin Ratio Rank: 82

USA.TO

USA.TO Risk / Return Rank: 91
USA.TO Sharpe Ratio Rank: 86
USA.TO Sortino Ratio Rank: 92
USA.TO Omega Ratio Rank: 96
USA.TO Calmar Ratio Rank: 92
USA.TO Martin Ratio Rank: 90

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.

CNL.TO vs. USA.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Collective Mining Ltd (CNL.TO) and Americas Gold and Silver Corporation (USA.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.

	CNL.TO	USA.TO	Difference
Sharpe ratio Return per unit of total volatility	1.47	1.64	-0.17
Sortino ratio Return per unit of downside risk	2.04	3.10	-1.05
Omega ratio Gain probability vs. loss probability	1.25	1.53	-0.28
Calmar ratio Return relative to maximum drawdown	3.11	4.53	-1.43
Martin ratio Return relative to average drawdown	6.59	11.12	-4.53
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CNL.TO vs. USA.TO - Sharpe Ratio Comparison

The current CNL.TO Sharpe Ratio is 1.47, which is comparable to the USA.TO Sharpe Ratio of 1.64. The chart below compares the historical Sharpe Ratios of CNL.TO and USA.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	CNL.TO	USA.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.47	1.64	-0.17
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.82	0.00	+0.82
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.01	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.41	-0.07	+0.48

Correlation

The correlation between CNL.TO and USA.TO is 0.25, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

CNL.TO vs. USA.TO - Dividend Comparison

Neither CNL.TO nor USA.TO has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

CNL.TO vs. USA.TO - Drawdown Comparison

The maximum CNL.TO drawdown since its inception was -77.14%, smaller than the maximum USA.TO drawdown of -99.42%. Use the drawdown chart below to compare losses from any high point for CNL.TO and USA.TO.

Drawdown Indicators

	CNL.TO	USA.TO	Difference
Max Drawdown Largest peak-to-trough decline	-77.14%	-99.42%	+22.28%
Max Drawdown (1Y) Largest decline over 1 year	-32.00%	-60.06%	+28.06%
Max Drawdown (5Y) Largest decline over 5 years	-56.43%	-90.54%	+34.11%
Max Drawdown (10Y) Largest decline over 10 years	—	-95.33%	—
Current Drawdown Current decline from peak	-14.01%	-93.95%	+79.94%
Average Drawdown Average peak-to-trough decline	-32.66%	-81.94%	+49.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.09%	24.49%	-9.40%

Volatility

CNL.TO vs. USA.TO - Volatility Comparison

The current volatility for Collective Mining Ltd (CNL.TO) is 26.35%, while Americas Gold and Silver Corporation (USA.TO) has a volatility of 34.25%. This indicates that CNL.TO experiences smaller price fluctuations and is considered to be less risky than USA.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CNL.TO	USA.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	26.35%	34.25%	-7.90%
Volatility (6M) Calculated over the trailing 6-month period	51.43%	66.12%	-14.69%
Volatility (1Y) Calculated over the trailing 1-year period	64.69%	170.15%	-105.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	111.93%	97.89%	+14.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	100.66%	82.62%	+18.04%

Financials