EGO vs. AEM

Last updated Jun 3, 2026

EGO (Eldorado Gold Corporation) 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, EGO returned 3.73%/yr vs 15.75%/yr for AEM. A 0.70 correlation means they provide meaningful diversification when combined.

Performance

EGO vs. AEM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Eldorado Gold Corporation (EGO) and Agnico Eagle Mines Limited (AEM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EGO achieves a -6.93% return, which is significantly lower than AEM's 6.00% return. Over the past 10 years, EGO has underperformed AEM with an annualized return of 3.73%, while AEM has yielded a comparatively higher 15.75% annualized return.

EGO

• 1D: -0.08%
• 1M: 11.77%
• YTD: -6.93%
• 6M: 8.72%
• 1Y: 59.19%
• 3Y*: 51.21%
• 5Y*: 23.81%
• 10Y*: 3.73%

AEM

• 1D: 1.34%
• 1M: -2.28%
• YTD: 6.00%
• 6M: 5.85%
• 1Y: 45.33%
• 3Y*: 53.89%
• 5Y*: 23.56%
• 10Y*: 15.75%

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

EGO vs. AEM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EGO Eldorado Gold Corporation	-6.93%	141.56%	14.65%	55.14%	-10.59%	-29.54%	65.26%	178.82%	-59.72%	-55.28%
AEM Agnico Eagle Mines Limited	6.00%	119.53%	46.04%	8.98%	1.08%	-22.81%	17.39%	54.18%	-11.51%	10.92%

Correlation

The correlation between EGO and AEM is 0.79, 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	0.79
Correlation (3Y) Calculated over the trailing 3-year period	0.77
Correlation (5Y) Calculated over the trailing 5-year period	0.78
Correlation (10Y) Calculated over the trailing 10-year period	0.69
Correlation (All Time) Calculated using the full available price history since Jan 24, 2003	0.70

The correlation between EGO and AEM has been stable across timeframes, ranging from 0.69 to 0.79 - a consistent structural relationship.

Fundamentals

Market Cap EGO : $6.69B AEM : $89.78B
EPS EGO : $2.83 AEM : $10.60
PE Ratio EGO : 11.78 AEM : 16.89
PEG Ratio EGO : 0.18 AEM : 0.26
PS Ratio EGO : 3.38 AEM : 6.67
PB Ratio EGO : 1.55 AEM : 3.42
Total Revenue (TTM) EGO : $2.00B AEM : $13.51B
Gross Profit (TTM) EGO : $988.83M AEM : $8.28B
EBITDA (TTM) EGO : $1.04B AEM : $9.72B

Return for Risk

EGO vs. AEM — Risk / Return Rank

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

EGO

EGO Risk / Return Rank: 70
EGO Sharpe Ratio Rank: 75
EGO Sortino Ratio Rank: 67
EGO Omega Ratio Rank: 69
EGO Calmar Ratio Rank: 69
EGO Martin Ratio Rank: 70

AEM

AEM Risk / Return Rank: 69
AEM Sharpe Ratio Rank: 72
AEM Sortino Ratio Rank: 65
AEM Omega Ratio Rank: 66
AEM Calmar Ratio Rank: 71
AEM Martin Ratio Rank: 72

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.

EGO vs. AEM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eldorado Gold Corporation (EGO) 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.

	EGO	AEM	Difference
Sharpe ratio Return per unit of total volatility	1.17	1.06	+0.11
Sortino ratio Return per unit of downside risk	1.63	1.50	+0.13
Omega ratio Gain probability vs. loss probability	1.22	1.20	+0.02
Calmar ratio Return relative to maximum drawdown	1.59	1.70	-0.11
Martin ratio Return relative to average drawdown	3.88	4.26	-0.38
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EGO vs. AEM - Sharpe Ratio Comparison

The current EGO Sharpe Ratio is 1.17, which is comparable to the AEM Sharpe Ratio of 1.06. The chart below compares the historical Sharpe Ratios of EGO and AEM, 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

	EGO	AEM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.17	1.06	+0.11
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.52	0.64	-0.12
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.07	0.42	-0.36
Sharpe Ratio (All Time) Calculated using the full available price history	0.12	0.17	-0.05

Drawdowns

EGO vs. AEM - Drawdown Comparison

The maximum EGO drawdown since its inception was -97.49%, which is greater than AEM's maximum drawdown of -90.49%. Use the drawdown chart below to compare losses from any high point for EGO and AEM.

Drawdown Indicators

	EGO	AEM	Difference
Max Drawdown Largest peak-to-trough decline	-97.49%	-90.49%	-7.00%
Max Drawdown (1Y) Largest decline over 1 year	-41.89%	-31.24%	-10.65%
Max Drawdown (3Y) Largest decline over 3 years	-41.89%	-31.24%	-10.65%
Max Drawdown (5Y) Largest decline over 5 years	-57.70%	-46.22%	-11.48%
Max Drawdown (10Y) Largest decline over 10 years	-89.45%	-53.86%	-35.59%
Current Drawdown Current decline from peak	-68.16%	-28.87%	-39.29%
Average Drawdown Average peak-to-trough decline	-55.67%	-46.66%	-9.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.13%	12.46%	+4.67%

Volatility

EGO vs. AEM - Volatility Comparison

Eldorado Gold Corporation (EGO) has a higher volatility of 17.33% compared to Agnico Eagle Mines Limited (AEM) at 13.21%. This indicates that EGO'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.

Volatility by Period

	EGO	AEM	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.33%	13.21%	+4.12%
Volatility (6M) Calculated over the trailing 6-month period	41.99%	34.36%	+7.63%
Volatility (1Y) Calculated over the trailing 1-year period	50.94%	43.12%	+7.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	45.66%	36.78%	+8.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	55.26%	37.20%	+18.06%

Dividends

EGO vs. AEM - Dividend Comparison

EGO's dividend yield for the trailing twelve months is around 0.45%, less than AEM's 0.95% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AEM Agnico Eagle Mines Limited	0.95%	0.94%	2.05%	2.92%	3.08%	2.63%	2.36%	0.89%	1.09%	0.89%	0.86%	1.22%
EGO Eldorado Gold Corporation	0.45%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.40%	0.00%	0.67%

Financials

EGO vs. AEM - Profitability Comparison

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

EGO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Eldorado Gold Corporation reported a gross profit of 290.22M and revenue of 532.43M. Therefore, the gross margin over that period was 54.5%.

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%.

EGO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Eldorado Gold Corporation reported an operating income of 261.43M and revenue of 532.43M, resulting in an operating margin of 49.1%.

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%.

EGO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Eldorado Gold Corporation reported a net income of 136.38M and revenue of 532.43M, resulting in a net margin of 25.6%.

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

Can I hold both EGO and AEM in my portfolio?

EGO and AEM have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EGO or AEM?

EGO has higher volatility (17.33%) compared to AEM (13.21%). In terms of maximum drawdown, EGO dropped -97.49% vs AEM's -90.49%.

Which has better risk-adjusted returns?

EGO currently has the higher Sharpe Ratio (1.17 vs 1.06), 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.