DOL.TO vs. OR.TO

Last updated Jun 9, 2026

DOL.TO (Dollarama Inc.) and OR.TO (Osisko Gold Royalties Ltd) are both stocks. DOL.TO operates in Discount Stores (Consumer Defensive), while OR.TO operates in Gold (Basic Materials). Over the past 10 years, DOL.TO returned 20.00%/yr vs 12.45%/yr for OR.TO. At a 0.05 correlation, their price movements are largely independent.

Performance

DOL.TO vs. OR.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Dollarama Inc. (DOL.TO) and Osisko Gold Royalties Ltd (OR.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DOL.TO achieves a -12.94% return, which is significantly lower than OR.TO's -2.97% return. Over the past 10 years, DOL.TO has outperformed OR.TO with an annualized return of 20.00%, while OR.TO has yielded a comparatively lower 12.45% annualized return.

DOL.TO

• 1D: -1.57%
• 1M: 2.61%
• YTD: -12.94%
• 6M: -11.56%
• 1Y: 1.54%
• 3Y*: 29.38%
• 5Y*: 27.68%
• 10Y*: 20.00%

OR.TO

• 1D: -0.04%
• 1M: -10.41%
• YTD: -2.97%
• 6M: 1.63%
• 1Y: 33.53%
• 3Y*: 31.27%
• 5Y*: 23.09%
• 10Y*: 12.45%

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

DOL.TO vs. OR.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DOL.TO Dollarama Inc.	-12.94%	46.59%	47.34%	20.96%	25.45%	22.47%	16.69%	38.01%	-37.58%	61.41%
OR.TO Osisko Gold Royalties Ltd	-2.97%	88.16%	39.17%	17.33%	7.02%	-2.67%	29.76%	6.96%	-16.11%	12.23%

Correlation

The correlation between DOL.TO and OR.TO is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.20
Correlation (3Y) Calculated over the trailing 3-year period	0.13
Correlation (5Y) Calculated over the trailing 5-year period	0.10
Correlation (10Y) Calculated over the trailing 10-year period	0.06
Correlation (All Time) Calculated using the full available price history since Jun 2, 2014	0.05

The correlation between DOL.TO and OR.TO shifts across timeframes, from 0.05 (all time) to 0.20 (1 year), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap DOL.TO : CA$48.97B OR.TO : CA$8.89B
EPS DOL.TO : CA$4.74 OR.TO : CA$1.34
PE Ratio DOL.TO : 37.63 OR.TO : 35.10
PEG Ratio DOL.TO : 1.75 OR.TO : 0.09
PS Ratio DOL.TO : 6.79 OR.TO : 27.41
PB Ratio DOL.TO : 33.63 OR.TO : 6.03
Total Revenue (TTM) DOL.TO : CA$7.26B OR.TO : CA$324.98M
Gross Profit (TTM) DOL.TO : CA$3.13B OR.TO : CA$282.47M
EBITDA (TTM) DOL.TO : CA$2.14B OR.TO : CA$324.46M

Return for Risk

DOL.TO vs. OR.TO — Risk / Return Rank

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

DOL.TO

DOL.TO Risk / Return Rank: 41
DOL.TO Sharpe Ratio Rank: 44
DOL.TO Sortino Ratio Rank: 37
DOL.TO Omega Ratio Rank: 37
DOL.TO Calmar Ratio Rank: 44
DOL.TO Martin Ratio Rank: 44

OR.TO

OR.TO Risk / Return Rank: 64
OR.TO Sharpe Ratio Rank: 68
OR.TO Sortino Ratio Rank: 60
OR.TO Omega Ratio Rank: 63
OR.TO Calmar Ratio Rank: 65
OR.TO 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.

DOL.TO vs. OR.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dollarama Inc. (DOL.TO) and Osisko Gold Royalties Ltd (OR.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.

	DOL.TO	OR.TO	Difference
Sharpe ratio: Return per unit of total volatility	0.07	0.77	-0.71
Sortino ratio: Return per unit of downside risk	0.26	1.19	-0.93
Omega ratio: Gain probability vs. loss probability	1.03	1.17	-0.14
Calmar ratio: Return relative to maximum drawdown	0.08	1.09	-1.01
Martin ratio: Return relative to average drawdown	0.18	2.49	-2.31
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DOL.TO vs. OR.TO - Sharpe Ratio Comparison

The current DOL.TO Sharpe Ratio is 0.07, which is lower than the OR.TO Sharpe Ratio of 0.77. The chart below compares the historical Sharpe Ratios of DOL.TO and OR.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

	DOL.TO	OR.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.07	0.77	-0.71
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.30	0.69	+0.60
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.83	0.35	+0.48
Sharpe Ratio (All Time) Calculated using the full available price history	1.27	0.32	+0.95

Drawdowns

DOL.TO vs. OR.TO - Drawdown Comparison

The maximum DOL.TO drawdown since its inception was -44.98%, smaller than the maximum OR.TO drawdown of -58.25%. Use the drawdown chart below to compare losses from any high point for DOL.TO and OR.TO.

Drawdown Indicators

	DOL.TO	OR.TO	Difference
Max Drawdown Largest peak-to-trough decline	-44.98%	-58.25%	+13.27%
Max Drawdown (1Y) Largest decline over 1 year	-19.07%	-30.85%	+11.78%
Max Drawdown (3Y) Largest decline over 3 years	-19.07%	-30.85%	+11.78%
Max Drawdown (5Y) Largest decline over 5 years	-19.07%	-34.22%	+15.15%
Max Drawdown (10Y) Largest decline over 10 years	-44.98%	-57.66%	+12.68%
Current Drawdown Current decline from peak	-13.38%	-27.70%	+14.32%
Average Drawdown Average peak-to-trough decline	-6.43%	-16.54%	+10.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.51%	13.52%	-5.01%

Volatility

DOL.TO vs. OR.TO - Volatility Comparison

The current volatility for Dollarama Inc. (DOL.TO) is 6.94%, while Osisko Gold Royalties Ltd (OR.TO) has a volatility of 13.81%. This indicates that DOL.TO experiences smaller price fluctuations and is considered to be less risky than OR.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DOL.TO	OR.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.94%	13.81%	-6.87%
Volatility (6M) Calculated over the trailing 6-month period	18.06%	36.68%	-18.62%
Volatility (1Y) Calculated over the trailing 1-year period	23.26%	43.70%	-20.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.48%	33.58%	-12.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.23%	36.20%	-11.97%

Dividends

DOL.TO vs. OR.TO - Dividend Comparison

DOL.TO's dividend yield for the trailing twelve months is around 0.25%, less than OR.TO's 0.64% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DOL.TO Dollarama Inc.	0.25%	0.20%	0.25%	0.28%	0.27%	0.31%	0.34%	0.39%	0.95%	0.82%	1.19%	1.31%
OR.TO Osisko Gold Royalties Ltd	0.64%	0.60%	0.98%	1.24%	1.35%	1.36%	1.24%	1.58%	1.67%	1.24%	1.22%	0.95%

Financials

DOL.TO vs. OR.TO - Profitability Comparison

The chart below illustrates the profitability comparison between Dollarama Inc. and Osisko Gold Royalties Ltd over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

DOL.TO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Dollarama Inc. reported a gross profit of 835.51M and revenue of 2.10B. Therefore, the gross margin over that period was 39.8%.

OR.TO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Osisko Gold Royalties Ltd reported a gross profit of 87.05M and revenue of 101.15M. Therefore, the gross margin over that period was 86.1%.

DOL.TO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Dollarama Inc. reported an operating income of 511.68M and revenue of 2.10B, resulting in an operating margin of 24.4%.

OR.TO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Osisko Gold Royalties Ltd reported an operating income of 78.93M and revenue of 101.15M, resulting in an operating margin of 78.0%.

DOL.TO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Dollarama Inc. reported a net income of 392.46M and revenue of 2.10B, resulting in a net margin of 18.7%.

OR.TO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Osisko Gold Royalties Ltd reported a net income of 72.38M and revenue of 101.15M, resulting in a net margin of 71.6%.

Frequently Asked Questions

Can I hold both DOL.TO and OR.TO in my portfolio?

DOL.TO and OR.TO have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.