EDR.TO vs. AEM.TO

Last updated Jun 4, 2026

EDR.TO (Endeavour Silver Corp.) and AEM.TO (Agnico Eagle Mines Limited) are both stocks. Both are in the Basic Materials sector — EDR.TO in Other Precious Metals & Mining, AEM.TO in Gold. Over the past 10 years, EDR.TO returned 12.10%/yr vs 16.00%/yr for AEM.TO. A 0.55 correlation means they provide meaningful diversification when combined.

Performance

EDR.TO vs. AEM.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Endeavour Silver Corp. (EDR.TO) and Agnico Eagle Mines Limited (AEM.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EDR.TO achieves a -1.32% return, which is significantly lower than AEM.TO's 2.74% return. Over the past 10 years, EDR.TO has underperformed AEM.TO with an annualized return of 12.10%, while AEM.TO has yielded a comparatively higher 16.00% annualized return.

EDR.TO

• 1D: -6.32%
• 1M: 2.99%
• YTD: -1.32%
• 6M: 2.25%
• 1Y: 127.91%
• 3Y*: 48.03%
• 5Y*: 9.90%
• 10Y*: 12.10%

AEM.TO

• 1D: -3.65%
• 1M: -2.46%
• YTD: 2.74%
• 6M: 1.24%
• 1Y: 43.02%
• 3Y*: 53.44%
• 5Y*: 25.72%
• 10Y*: 16.00%

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

EDR.TO vs. AEM.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EDR.TO Endeavour Silver Corp.	-1.32%	144.97%	114.44%	-38.28%	-18.13%	-16.80%	105.43%	6.46%	-2.65%	-36.42%
AEM.TO Agnico Eagle Mines Limited	2.74%	109.61%	58.54%	6.66%	8.18%	-22.88%	13.71%	46.75%	-3.97%	3.72%

Correlation

The correlation between EDR.TO and AEM.TO is 0.69, 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	0.69
Correlation (3Y) Calculated over the trailing 3-year period	0.68
Correlation (5Y) Calculated over the trailing 5-year period	0.69
Correlation (10Y) Calculated over the trailing 10-year period	0.65
Correlation (All Time) Calculated using the full available price history since Jul 9, 2001	0.55

The correlation between EDR.TO and AEM.TO shifts across timeframes, from 0.55 (all time) to 0.69 (1 year), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap EDR.TO : CA$4.17B AEM.TO : CA$119.77B
EPS EDR.TO : -CA$0.07 AEM.TO : CA$10.65
PS Ratio EDR.TO : 6.26 AEM.TO : 8.85
PB Ratio EDR.TO : 6.46 AEM.TO : 4.56
Total Revenue (TTM) EDR.TO : CA$608.35M AEM.TO : CA$13.56B
Gross Profit (TTM) EDR.TO : CA$142.61M AEM.TO : CA$8.26B
EBITDA (TTM) EDR.TO : CA$163.46M AEM.TO : CA$9.54B

Return for Risk

EDR.TO vs. AEM.TO — Risk / Return Rank

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

EDR.TO

EDR.TO Risk / Return Rank: 81
EDR.TO Sharpe Ratio Rank: 85
EDR.TO Sortino Ratio Rank: 79
EDR.TO Omega Ratio Rank: 78
EDR.TO Calmar Ratio Rank: 83
EDR.TO Martin Ratio Rank: 81

AEM.TO

AEM.TO Risk / Return Rank: 67
AEM.TO Sharpe Ratio Rank: 72
AEM.TO Sortino Ratio Rank: 64
AEM.TO Omega Ratio Rank: 65
AEM.TO Calmar Ratio Rank: 67
AEM.TO Martin Ratio Rank: 68

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.

EDR.TO vs. AEM.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Endeavour Silver Corp. (EDR.TO) and Agnico Eagle Mines Limited (AEM.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.

	EDR.TO	AEM.TO	Difference
Sharpe ratio Return per unit of total volatility	1.73	1.02	+0.71
Sortino ratio Return per unit of downside risk	2.28	1.47	+0.81
Omega ratio Gain probability vs. loss probability	1.29	1.20	+0.09
Calmar ratio Return relative to maximum drawdown	3.09	1.40	+1.69
Martin ratio Return relative to average drawdown	6.91	3.45	+3.45
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EDR.TO vs. AEM.TO - Sharpe Ratio Comparison

The current EDR.TO Sharpe Ratio is 1.73, which is higher than the AEM.TO Sharpe Ratio of 1.02. The chart below compares the historical Sharpe Ratios of EDR.TO and AEM.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

	EDR.TO	AEM.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.73	1.02	+0.71
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.15	0.74	-0.59
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.18	0.45	-0.27
Sharpe Ratio (All Time) Calculated using the full available price history	0.25	0.22	+0.03

Drawdowns

EDR.TO vs. AEM.TO - Drawdown Comparison

The maximum EDR.TO drawdown since its inception was -88.22%, roughly equal to the maximum AEM.TO drawdown of -84.38%. Use the drawdown chart below to compare losses from any high point for EDR.TO and AEM.TO.

Drawdown Indicators

	EDR.TO	AEM.TO	Difference
Max Drawdown Largest peak-to-trough decline	-88.22%	-84.38%	-3.84%
Max Drawdown (1Y) Largest decline over 1 year	-41.59%	-30.87%	-10.72%
Max Drawdown (3Y) Largest decline over 3 years	-59.81%	-30.87%	-28.94%
Max Drawdown (5Y) Largest decline over 5 years	-77.46%	-42.10%	-35.36%
Max Drawdown (10Y) Largest decline over 10 years	-79.27%	-54.60%	-24.67%
Current Drawdown Current decline from peak	-34.09%	-30.76%	-3.33%
Average Drawdown Average peak-to-trough decline	-48.90%	-34.18%	-14.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	18.59%	12.50%	+6.09%

Volatility

EDR.TO vs. AEM.TO - Volatility Comparison

Endeavour Silver Corp. (EDR.TO) has a higher volatility of 25.28% compared to Agnico Eagle Mines Limited (AEM.TO) at 14.32%. This indicates that EDR.TO's price experiences larger fluctuations and is considered to be riskier than AEM.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EDR.TO	AEM.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	25.28%	14.32%	+10.96%
Volatility (6M) Calculated over the trailing 6-month period	54.92%	34.04%	+20.88%
Volatility (1Y) Calculated over the trailing 1-year period	74.49%	42.46%	+32.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	66.34%	34.87%	+31.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	67.15%	35.86%	+31.29%

Dividends

EDR.TO vs. AEM.TO - Dividend Comparison

EDR.TO has not paid dividends to shareholders, while AEM.TO's dividend yield for the trailing twelve months is around 0.72%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AEM.TO Agnico Eagle Mines Limited	0.72%	0.96%	1.95%	2.99%	2.96%	3.13%	1.41%	0.92%	1.04%	0.92%	0.98%	1.13%
EDR.TO Endeavour Silver Corp.	0.00%	0.00%	4.55%	4.62%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

EDR.TO vs. AEM.TO - Profitability Comparison

The chart below illustrates the profitability comparison between Endeavour Silver Corp. and Agnico Eagle Mines Limited over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

EDR.TO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Endeavour Silver Corp. reported a gross profit of 93.30M and revenue of 209.70M. Therefore, the gross margin over that period was 44.5%.

AEM.TO - 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%.

EDR.TO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Endeavour Silver Corp. reported an operating income of 83.70M and revenue of 209.70M, resulting in an operating margin of 39.9%.

AEM.TO - 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%.

EDR.TO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Endeavour Silver Corp. reported a net income of 64.90M and revenue of 209.70M, resulting in a net margin of 31.0%.

AEM.TO - 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

Can I hold both EDR.TO and AEM.TO in my portfolio?

EDR.TO and AEM.TO have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.