DPM.TO vs. NGEX.TO

Last updated Jun 13, 2026

DPM.TO (Dundee Precious Metals Inc.) and NGEX.TO (NGEx Minerals Ltd) are both stocks. Both are in the Basic Materials sector — DPM.TO in Gold, NGEX.TO in Other Industrial Metals & Mining. Over the past 5 years, DPM.TO returned 42.19%/yr vs 106.42%/yr for NGEX.TO. At a 0.22 correlation, their price movements are largely independent.

Performance

DPM.TO vs. NGEX.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Dundee Precious Metals Inc. (DPM.TO) and NGEx Minerals Ltd (NGEX.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DPM.TO achieves a 5.36% return, which is significantly higher than NGEX.TO's 3.95% return.

DPM.TO

• 1D: 1.13%
• 1M: -7.00%
• YTD: 5.36%
• 6M: 10.66%
• 1Y: 119.04%
• 3Y*: 71.13%
• 5Y*: 42.19%
• 10Y*: 31.40%

NGEX.TO

• 1D: 6.87%
• 1M: -10.46%
• YTD: 3.95%
• 6M: 6.06%
• 1Y: 75.53%
• 3Y*: 58.44%
• 5Y*: 106.42%
• 10Y*: —

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

DPM.TO vs. NGEX.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
DPM.TO Dundee Precious Metals Inc.	5.36%	228.15%	56.69%	33.46%	-14.25%	-13.18%	66.57%	7.51%
NGEX.TO NGEx Minerals Ltd	3.95%	90.90%	87.29%	132.47%	66.49%	255.77%	35.06%	-41.67%

Correlation

The correlation between DPM.TO and NGEX.TO is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.55
Correlation (3Y) Calculated over the trailing 3-year period	0.36
Correlation (5Y) Calculated over the trailing 5-year period	0.29
Correlation (All Time) Calculated using the full available price history since Aug 20, 2019	0.22

Over the past year, DPM.TO and NGEX.TO have become more correlated (0.55) than their long-term average of 0.22, meaning their price movements have been converging.

Fundamentals

Market Cap DPM.TO : CA$9.88B NGEX.TO : CA$5.77B
EPS DPM.TO : $2.55 NGEX.TO : -CA$0.63
PB Ratio DPM.TO : 2.61 NGEX.TO : 9.07
Total Revenue (TTM) DPM.TO : $1.07B NGEX.TO : CA$0.00
Gross Profit (TTM) DPM.TO : $647.81M NGEX.TO : -CA$36.44K
EBITDA (TTM) DPM.TO : $688.93M NGEX.TO : -CA$134.74M

Return for Risk

DPM.TO vs. NGEX.TO — Risk / Return Rank

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

DPM.TO

DPM.TO Risk / Return Rank: 89
DPM.TO Sharpe Ratio Rank: 93
DPM.TO Sortino Ratio Rank: 87
DPM.TO Omega Ratio Rank: 89
DPM.TO Calmar Ratio Rank: 88
DPM.TO Martin Ratio Rank: 89

NGEX.TO

NGEX.TO Risk / Return Rank: 77
NGEX.TO Sharpe Ratio Rank: 80
NGEX.TO Sortino Ratio Rank: 72
NGEX.TO Omega Ratio Rank: 74
NGEX.TO Calmar Ratio Rank: 80
NGEX.TO Martin Ratio Rank: 80

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.

DPM.TO vs. NGEX.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dundee Precious Metals Inc. (DPM.TO) and NGEx Minerals Ltd (NGEX.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.

	DPM.TO	NGEX.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.53	1.30	+1.23
Sortino ratio: Return per unit of downside risk	2.76	1.77	+0.99
Omega ratio: Gain probability vs. loss probability	1.39	1.24	+0.14
Calmar ratio: Return relative to maximum drawdown	3.81	2.48	+1.33
Martin ratio: Return relative to average drawdown	10.48	6.16	+4.32

DPM.TO vs. NGEX.TO - Sharpe Ratio Comparison

The current DPM.TO Sharpe Ratio is 2.53, which is higher than the NGEX.TO Sharpe Ratio of 1.30. The chart below compares the historical Sharpe Ratios of DPM.TO and NGEX.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.

Drawdowns

DPM.TO vs. NGEX.TO - Drawdown Comparison

The maximum DPM.TO drawdown since its inception was -93.18%, which is greater than NGEX.TO's maximum drawdown of -66.75%. Use the drawdown chart below to compare losses from any high point for DPM.TO and NGEX.TO.

Drawdown Indicators

	DPM.TO	NGEX.TO	Difference
Max Drawdown Largest peak-to-trough decline	-93.18%	-66.75%	-26.43%
Max Drawdown (1Y) Largest decline over 1 year	-31.44%	-30.62%	-0.82%
Max Drawdown (3Y) Largest decline over 3 years	-31.44%	-30.62%	-0.82%
Max Drawdown (5Y) Largest decline over 5 years	-42.12%	-66.75%	+24.63%
Max Drawdown (10Y) Largest decline over 10 years	-51.96%	—	—
Current Drawdown Current decline from peak	-24.73%	-16.43%	-8.30%
Average Drawdown Average peak-to-trough decline	-47.19%	-18.77%	-28.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.41%	12.31%	-0.90%

Volatility

DPM.TO vs. NGEX.TO - Volatility Comparison

The current volatility for Dundee Precious Metals Inc. (DPM.TO) is 19.20%, while NGEx Minerals Ltd (NGEX.TO) has a volatility of 26.53%. This indicates that DPM.TO experiences smaller price fluctuations and is considered to be less risky than NGEX.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DPM.TO	NGEX.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.20%	26.53%	-7.33%
Volatility (6M) Calculated over the trailing 6-month period	39.82%	45.97%	-6.15%
Volatility (1Y) Calculated over the trailing 1-year period	47.25%	58.36%	-11.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	38.86%	62.92%	-24.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	47.33%	71.85%	-24.52%

Dividends

DPM.TO vs. NGEX.TO - Dividend Comparison

DPM.TO's dividend yield for the trailing twelve months is around 0.49%, while NGEX.TO has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020
DPM.TO Dundee Precious Metals Inc.	0.49%	0.52%	1.69%	2.52%	2.90%	1.53%	1.23%
NGEX.TO NGEx Minerals Ltd	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both DPM.TO and NGEX.TO in my portfolio?

DPM.TO and NGEX.TO have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.