EDR.TO vs. LGD.TO

Last updated Jun 4, 2026

EDR.TO (Endeavour Silver Corp.) and LGD.TO (Liberty Gold Corp.) are both stocks. Both are in the Basic Materials sector — EDR.TO in Other Precious Metals & Mining, LGD.TO in Gold. Over the past 10 years, EDR.TO returned 12.10%/yr vs 9.04%/yr for LGD.TO. At a 0.35 correlation, their price movements are largely independent.

Performance

EDR.TO vs. LGD.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Endeavour Silver Corp. (EDR.TO) and Liberty Gold Corp. (LGD.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 LGD.TO's 106.02% return. Over the past 10 years, EDR.TO has outperformed LGD.TO with an annualized return of 12.10%, while LGD.TO has yielded a comparatively lower 9.04% 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%

LGD.TO

• 1D: -2.29%
• 1M: 23.91%
• YTD: 106.02%
• 6M: 101.18%
• 1Y: 451.61%
• 3Y*: 56.05%
• 5Y*: 0.35%
• 10Y*: 9.04%

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

EDR.TO vs. LGD.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%
LGD.TO Liberty Gold Corp.	106.02%	219.23%	-16.13%	-44.64%	-42.27%	-44.25%	59.63%	257.38%	-30.68%	-1.12%

Correlation

The correlation between EDR.TO and LGD.TO is 0.54, 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	0.54
Correlation (3Y) Calculated over the trailing 3-year period	0.46
Correlation (5Y) Calculated over the trailing 5-year period	0.47
Correlation (10Y) Calculated over the trailing 10-year period	0.42
Correlation (All Time) Calculated using the full available price history since Jul 9, 2001	0.35

The correlation between EDR.TO and LGD.TO shifts across timeframes, from 0.35 (all time) to 0.54 (1 year), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap EDR.TO : CA$4.17B LGD.TO : CA$887.21M
EPS EDR.TO : -CA$0.07 LGD.TO : -CA$0.06
PB Ratio EDR.TO : 6.46 LGD.TO : 25.13
Total Revenue (TTM) EDR.TO : CA$608.35M LGD.TO : CA$0.00
Gross Profit (TTM) EDR.TO : CA$142.61M LGD.TO : -CA$208.90K
EBITDA (TTM) EDR.TO : CA$163.46M LGD.TO : -CA$28.23M

Return for Risk

EDR.TO vs. LGD.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

LGD.TO

LGD.TO Risk / Return Rank: 98
LGD.TO Sharpe Ratio Rank: 99
LGD.TO Sortino Ratio Rank: 97
LGD.TO Omega Ratio Rank: 96
LGD.TO Calmar Ratio Rank: 98
LGD.TO Martin Ratio Rank: 99

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. LGD.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Endeavour Silver Corp. (EDR.TO) and Liberty Gold Corp. (LGD.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	LGD.TO	Difference
Sharpe ratio Return per unit of total volatility	1.73	6.55	-4.82
Sortino ratio Return per unit of downside risk	2.28	5.00	-2.72
Omega ratio Gain probability vs. loss probability	1.29	1.65	-0.37
Calmar ratio Return relative to maximum drawdown	3.09	11.05	-7.96
Martin ratio Return relative to average drawdown	6.91	39.87	-32.97
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. LGD.TO - Sharpe Ratio Comparison

The current EDR.TO Sharpe Ratio is 1.73, which is lower than the LGD.TO Sharpe Ratio of 6.55. The chart below compares the historical Sharpe Ratios of EDR.TO and LGD.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	LGD.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.73	6.55	-4.82
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.15	0.01	+0.15
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.18	0.14	+0.04
Sharpe Ratio (All Time) Calculated using the full available price history	0.25	0.05	+0.19

Drawdowns

EDR.TO vs. LGD.TO - Drawdown Comparison

The maximum EDR.TO drawdown since its inception was -88.22%, smaller than the maximum LGD.TO drawdown of -99.66%. Use the drawdown chart below to compare losses from any high point for EDR.TO and LGD.TO.

Drawdown Indicators

	EDR.TO	LGD.TO	Difference
Max Drawdown Largest peak-to-trough decline	-88.22%	-99.66%	+11.44%
Max Drawdown (1Y) Largest decline over 1 year	-41.59%	-41.21%	-0.38%
Max Drawdown (3Y) Largest decline over 3 years	-59.81%	-50.00%	-9.81%
Max Drawdown (5Y) Largest decline over 5 years	-77.46%	-87.15%	+9.69%
Max Drawdown (10Y) Largest decline over 10 years	-79.27%	-90.04%	+10.77%
Current Drawdown Current decline from peak	-34.09%	-97.44%	+63.35%
Average Drawdown Average peak-to-trough decline	-48.90%	-76.12%	+27.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	18.59%	11.40%	+7.19%

Volatility

EDR.TO vs. LGD.TO - Volatility Comparison

Endeavour Silver Corp. (EDR.TO) has a higher volatility of 25.28% compared to Liberty Gold Corp. (LGD.TO) at 20.46%. This indicates that EDR.TO's price experiences larger fluctuations and is considered to be riskier than LGD.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EDR.TO	LGD.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	25.28%	20.46%	+4.82%
Volatility (6M) Calculated over the trailing 6-month period	54.92%	53.70%	+1.22%
Volatility (1Y) Calculated over the trailing 1-year period	74.49%	69.60%	+4.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	66.34%	67.98%	-1.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	67.15%	64.59%	+2.56%

Dividends

EDR.TO vs. LGD.TO - Dividend Comparison

Neither EDR.TO nor LGD.TO has paid dividends to shareholders.

Position	TTM	2025	2024	2023
EDR.TO Endeavour Silver Corp.	0.00%	0.00%	4.55%	4.62%
LGD.TO Liberty Gold Corp.	0.00%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

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

EDR.TO and LGD.TO have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.