EEE.L vs. OLA.TO

Last updated Jun 4, 2026

EEE.L (Empire Metals Limited) and OLA.TO (Orla Mining Ltd.) are both stocks. Both are in the Basic Materials sector — EEE.L in Other Precious Metals & Mining, OLA.TO in Gold. Over the past 10 years, EEE.L returned 8.23%/yr vs 56.90%/yr for OLA.TO. At a 0.04 correlation, their price movements are largely independent.

Performance

EEE.L vs. OLA.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Empire Metals Limited (EEE.L) and Orla Mining Ltd. (OLA.TO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

EEE.L is traded in GBp, while OLA.TO is traded in CAD. To make them comparable, the OLA.TO values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, EEE.L achieves a -9.49% return, which is significantly higher than OLA.TO's -16.36% return. Over the past 10 years, EEE.L has underperformed OLA.TO with an annualized return of 8.23%, while OLA.TO has yielded a comparatively higher 56.90% annualized return.

EEE.L

• 1D: -0.56%
• 1M: 13.50%
• YTD: -9.49%
• 6M: -5.87%
• 1Y: 199.15%
• 3Y*: 150.34%
• 5Y*: 67.22%
• 10Y*: 8.23%

OLA.TO

• 1D: -5.60%
• 1M: -13.05%
• YTD: -16.36%
• 6M: -16.56%
• 1Y: 0.87%
• 3Y*: 30.79%
• 5Y*: 21.70%
• 10Y*: 56.90%

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

EEE.L vs. OLA.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EEE.L Empire Metals Limited	-9.49%	469.34%	-26.34%	463.64%	43.48%	-69.74%	130.30%	-72.95%	-66.34%	130.16%
OLA.TO Orla Mining Ltd.	-16.36%	125.71%	72.67%	-23.40%	18.45%	-28.40%	239.59%	92.38%	-42.37%	39.07%

Correlation

The correlation between EEE.L and OLA.TO is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.04
Correlation (3Y) Calculated over the trailing 3-year period	0.05
Correlation (5Y) Calculated over the trailing 5-year period	0.02
Correlation (10Y) Calculated over the trailing 10-year period	0.02
Correlation (All Time) Calculated using the full available price history since Dec 20, 2010	0.04

Fundamentals

Market Cap EEE.L : £246.55M OLA.TO : CA$6.21B
EPS EEE.L : -£0.01 OLA.TO : CA$0.82
PB Ratio EEE.L : 14.41 OLA.TO : 5.88
Total Revenue (TTM) EEE.L : £0.00 OLA.TO : CA$1.59B
Gross Profit (TTM) EEE.L : -£113.72K OLA.TO : CA$848.41M
EBITDA (TTM) EEE.L : -£7.61M OLA.TO : CA$966.01M

Return for Risk

EEE.L vs. OLA.TO — Risk / Return Rank

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

EEE.L

EEE.L Risk / Return Rank: 82
EEE.L Sharpe Ratio Rank: 87
EEE.L Sortino Ratio Rank: 84
EEE.L Omega Ratio Rank: 82
EEE.L Calmar Ratio Rank: 84
EEE.L Martin Ratio Rank: 74

OLA.TO

OLA.TO Risk / Return Rank: 42
OLA.TO Sharpe Ratio Rank: 41
OLA.TO Sortino Ratio Rank: 43
OLA.TO Omega Ratio Rank: 42
OLA.TO Calmar Ratio Rank: 40
OLA.TO Martin Ratio Rank: 41

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.

EEE.L vs. OLA.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Empire Metals Limited (EEE.L) and Orla Mining Ltd. (OLA.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.

	EEE.L	OLA.TO	Difference
Sharpe ratio: Return per unit of total volatility	1.90	0.01	+1.89
Sortino ratio: Return per unit of downside risk	2.67	0.53	+2.14
Omega ratio: Gain probability vs. loss probability	1.32	1.07	+0.26
Calmar ratio: Return relative to maximum drawdown	3.27	0.02	+3.25
Martin ratio: Return relative to average drawdown	4.84	0.04	+4.80
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EEE.L vs. OLA.TO - Sharpe Ratio Comparison

The current EEE.L Sharpe Ratio is 1.90, which is higher than the OLA.TO Sharpe Ratio of 0.01. The chart below compares the historical Sharpe Ratios of EEE.L and OLA.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

	EEE.L	OLA.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.90	0.01	+1.89
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.71	0.38	+0.34
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.08	0.75	-0.67
Sharpe Ratio (All Time) Calculated using the full available price history	-0.16	0.15	-0.31

Drawdowns

EEE.L vs. OLA.TO - Drawdown Comparison

The maximum EEE.L drawdown since its inception was -99.91%, roughly equal to the maximum OLA.TO drawdown of -97.73%. Use the drawdown chart below to compare losses from any high point for EEE.L and OLA.TO.

Drawdown Indicators

	EEE.L	OLA.TO	Difference
Max Drawdown Largest peak-to-trough decline	-99.91%	-97.73%	-2.18%
Max Drawdown (1Y) Largest decline over 1 year	-60.56%	-48.45%	-12.11%
Max Drawdown (3Y) Largest decline over 3 years	-60.56%	-48.45%	-12.11%
Max Drawdown (5Y) Largest decline over 5 years	-74.59%	-48.81%	-25.78%
Max Drawdown (10Y) Largest decline over 10 years	-96.95%	-51.73%	-45.22%
Current Drawdown Current decline from peak	-95.78%	-48.45%	-47.33%
Average Drawdown Average peak-to-trough decline	-94.30%	-29.27%	-65.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	40.96%	20.18%	+20.78%

Volatility

EEE.L vs. OLA.TO - Volatility Comparison

The current volatility for Empire Metals Limited (EEE.L) is 17.52%, while Orla Mining Ltd. (OLA.TO) has a volatility of 23.35%. This indicates that EEE.L experiences smaller price fluctuations and is considered to be less risky than OLA.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EEE.L	OLA.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.52%	23.35%	-5.83%
Volatility (6M) Calculated over the trailing 6-month period	46.15%	51.67%	-5.52%
Volatility (1Y) Calculated over the trailing 1-year period	104.39%	73.32%	+31.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	94.37%	58.18%	+36.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	108.99%	77.52%	+31.47%

Dividends

EEE.L vs. OLA.TO - Dividend Comparison

EEE.L has not paid dividends to shareholders, while OLA.TO's dividend yield for the trailing twelve months is around 0.27%.

Position	TTM
EEE.L Empire Metals Limited	0.00%
OLA.TO Orla Mining Ltd.	0.27%

Financials

Frequently Asked Questions

Can I hold both EEE.L and OLA.TO in my portfolio?

EEE.L and OLA.TO have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.