DRD vs. AEM
DRD (DRDGOLD Limited) and AEM (Agnico Eagle Mines Limited) are both stocks. Both operate in the Gold industry within the Basic Materials sector. Over the past 10 years, DRD returned 20.74%/yr vs 14.70%/yr for AEM. A 0.54 correlation means they provide meaningful diversification when combined.
Performance
DRD vs. AEM - Performance Comparison
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Returns By Period
In the year-to-date period, DRD achieves a -23.58% return, which is significantly lower than AEM's -3.66% return. Over the past 10 years, DRD has outperformed AEM with an annualized return of 20.74%, while AEM has yielded a comparatively lower 14.70% annualized return.
DRD
- 1D
- 2.27%
- 1M
- -20.60%
- YTD
- -23.58%
- 6M
- -24.53%
- 1Y
- 67.15%
- 3Y*
- 29.82%
- 5Y*
- 17.87%
- 10Y*
- 20.74%
AEM
- 1D
- 3.09%
- 1M
- -16.80%
- YTD
- -3.66%
- 6M
- -2.93%
- 1Y
- 34.46%
- 3Y*
- 50.92%
- 5Y*
- 20.78%
- 10Y*
- 14.70%
DRD vs. AEM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DRD DRDGOLD Limited | -23.58% | 267.16% | 11.55% | 13.26% | -7.63% | -23.16% | 141.46% | 153.56% | -35.27% | -37.77% |
AEM Agnico Eagle Mines Limited | -3.66% | 119.53% | 46.04% | 8.98% | 1.08% | -22.81% | 17.39% | 54.18% | -11.51% | 10.92% |
Correlation
The correlation between DRD and AEM is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 1996 | 0.54 |
Over the past year, DRD and AEM have become more correlated (0.81) than their long-term average of 0.54, meaning their price movements have been converging.
Fundamentals
DRD:
$201.84M
AEM:
$81.60B
DRD:
ZAR 100.99
AEM:
$10.60
DRD:
0.23
AEM:
15.35
DRD:
0.01
AEM:
0.24
DRD:
0.07
AEM:
6.06
DRD:
0.02
AEM:
3.11
DRD:
ZAR 15.96B
AEM:
$13.51B
DRD:
ZAR 6.44B
AEM:
$8.28B
DRD:
ZAR 7.17B
AEM:
$9.72B
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Return for Risk
DRD vs. AEM — Risk / Return Rank
DRD
AEM
DRD vs. AEM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DRDGOLD Limited (DRD) and Agnico Eagle Mines Limited (AEM). 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.
| DRD | AEM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.38 | ||
| Sortino ratioReturn per unit of downside risk | +0.47 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.16 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.55 | 0.88 | +0.67 |
| Martin ratioReturn relative to average drawdown | 4.06 | 2.48 | +1.58 |
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Drawdowns
DRD vs. AEM - Drawdown Comparison
The maximum DRD drawdown since its inception was -98.44%, which is greater than AEM's maximum drawdown of -90.49%. Use the drawdown chart below to compare losses from any high point for DRD and AEM.
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Drawdown Indicators
| DRD | AEM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.44% | -90.49% | -7.95% |
Max Drawdown (1Y)Largest decline over 1 year | -43.51% | -39.39% | -4.12% |
Max Drawdown (3Y)Largest decline over 3 years | -45.13% | -39.39% | -5.74% |
Max Drawdown (5Y)Largest decline over 5 years | -57.22% | -45.03% | -12.19% |
Max Drawdown (10Y)Largest decline over 10 years | -80.31% | -53.86% | -26.45% |
Current DrawdownCurrent decline from peak | -48.48% | -35.35% | -13.13% |
Average DrawdownAverage peak-to-trough decline | -81.86% | -46.65% | -35.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.59% | 13.93% | +2.66% |
Volatility
DRD vs. AEM - Volatility Comparison
DRDGOLD Limited (DRD) has a higher volatility of 17.37% compared to Agnico Eagle Mines Limited (AEM) at 15.31%. This indicates that DRD's price experiences larger fluctuations and is considered to be riskier than AEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DRD | AEM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.37% | 15.31% | +2.06% |
Volatility (6M)Calculated over the trailing 6-month period | 43.75% | 36.02% | +7.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 58.02% | 44.06% | +13.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 51.50% | 37.06% | +14.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 58.03% | 37.35% | +20.68% |
Dividends
DRD vs. AEM - Dividend Comparison
DRD's dividend yield for the trailing twelve months is around 2.32%, more than AEM's 1.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AEM Agnico Eagle Mines Limited | 1.05% | 0.94% | 2.05% | 2.92% | 3.08% | 2.63% | 2.36% | 0.89% | 1.09% | 0.89% | 0.86% | 1.22% |
DRD DRDGOLD Limited | 2.30% | 1.26% | 2.53% | 5.74% | 5.00% | 6.54% | 4.47% | 2.65% | 2.05% | 1.12% | 6.15% | 3.73% |
Financials
DRD vs. AEM - Financials Comparison
This section allows you to compare key financial metrics between DRDGOLD Limited and Agnico Eagle Mines Limited. 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
DRD vs. AEM - Profitability Comparison
DRD - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, DRDGOLD Limited reported a gross profit of 2.32B and revenue of 4.81B. Therefore, the gross margin over that period was 48.2%.
AEM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Agnico Eagle Mines Limited reported a gross profit of 2.72B and revenue of 4.10B. Therefore, the gross margin over that period was 66.4%.
DRD - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, DRDGOLD Limited reported an operating income of 2.20B and revenue of 4.81B, resulting in an operating margin of 45.8%.
AEM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Agnico Eagle Mines Limited reported an operating income of 2.56B and revenue of 4.10B, resulting in an operating margin of 62.4%.
DRD - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, DRDGOLD Limited reported a net income of 1.84B and revenue of 4.81B, resulting in a net margin of 38.2%.
AEM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Agnico Eagle Mines Limited reported a net income of 1.70B and revenue of 4.10B, resulting in a net margin of 41.4%.
Frequently Asked Questions
DRD and AEM have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DRD has higher volatility (17.37%) compared to AEM (15.31%). In terms of maximum drawdown, DRD dropped -98.44% vs AEM's -90.49%.
DRD currently has the higher Sharpe Ratio (1.16 vs 0.79), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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