EIT-UN.TO vs. AEM.TO

Last updated Jun 9, 2026

EIT-UN.TO (Canoe EIT Income Fund) is Diversified Portfolio fund actively managed by Canoe, while AEM.TO (Agnico Eagle Mines Limited) is a stock. Over the past 10 years, EIT-UN.TO returned 15.69%/yr vs 15.27%/yr for AEM.TO. At a 0.16 correlation, their price movements are largely independent.

Performance

EIT-UN.TO vs. AEM.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Canoe EIT Income Fund (EIT-UN.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, EIT-UN.TO achieves a 13.19% return, which is significantly higher than AEM.TO's -2.49% return. Both investments have delivered pretty close results over the past 10 years, with EIT-UN.TO having a 15.69% annualized return and AEM.TO not far behind at 15.27%.

EIT-UN.TO

• 1D: 0.12%
• 1M: 1.76%
• YTD: 13.19%
• 6M: 14.28%
• 1Y: 20.10%
• 3Y*: 20.41%
• 5Y*: 16.99%
• 10Y*: 15.69%

AEM.TO

• 1D: -0.89%
• 1M: -14.34%
• YTD: -2.49%
• 6M: -0.60%
• 1Y: 41.16%
• 3Y*: 52.05%
• 5Y*: 24.22%
• 10Y*: 15.27%

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

EIT-UN.TO vs. AEM.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EIT-UN.TO Canoe EIT Income Fund	13.19%	11.81%	27.99%	5.94%	10.49%	49.02%	7.74%	12.45%	-3.05%	9.56%
AEM.TO Agnico Eagle Mines Limited	-2.49%	109.63%	58.54%	6.65%	8.01%	-23.56%	13.64%	46.58%	-4.22%	3.57%

Correlation

The correlation between EIT-UN.TO and AEM.TO is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.35
Correlation (3Y) Calculated over the trailing 3-year period	0.30
Correlation (5Y) Calculated over the trailing 5-year period	0.25
Correlation (10Y) Calculated over the trailing 10-year period	0.12
Correlation (All Time) Calculated using the full available price history since Jul 10, 2006	0.16

The correlation between EIT-UN.TO and AEM.TO shifts across timeframes, from 0.12 (10 years) to 0.35 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

EIT-UN.TO vs. AEM.TO — Risk / Return Rank

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

EIT-UN.TO

EIT-UN.TO Risk / Return Rank: 71
EIT-UN.TO Sharpe Ratio Rank: 67
EIT-UN.TO Sortino Ratio Rank: 74
EIT-UN.TO Omega Ratio Rank: 65
EIT-UN.TO Calmar Ratio Rank: 78
EIT-UN.TO Martin Ratio Rank: 72

AEM.TO

AEM.TO Risk / Return Rank: 67
AEM.TO Sharpe Ratio Rank: 71
AEM.TO Sortino Ratio Rank: 65
AEM.TO Omega Ratio Rank: 66
AEM.TO Calmar Ratio Rank: 66
AEM.TO Martin Ratio Rank: 69

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.

EIT-UN.TO vs. AEM.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Canoe EIT Income Fund (EIT-UN.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.

	EIT-UN.TO	AEM.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.29	0.96	+1.33
Sortino ratio: Return per unit of downside risk	3.46	1.40	+2.06
Omega ratio: Gain probability vs. loss probability	1.42	1.19	+0.23
Calmar ratio: Return relative to maximum drawdown	3.40	1.21	+2.20
Martin ratio: Return relative to average drawdown	13.03	3.18	+9.85
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EIT-UN.TO vs. AEM.TO - Sharpe Ratio Comparison

The current EIT-UN.TO Sharpe Ratio is 2.29, which is higher than the AEM.TO Sharpe Ratio of 0.96. The chart below compares the historical Sharpe Ratios of EIT-UN.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

	EIT-UN.TO	AEM.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.29	0.96	+1.33
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.40	0.70	+0.70
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.90	0.43	+0.47
Sharpe Ratio (All Time) Calculated using the full available price history	0.45	0.25	+0.21

Drawdowns

EIT-UN.TO vs. AEM.TO - Drawdown Comparison

The maximum EIT-UN.TO drawdown since its inception was -63.56%, smaller than the maximum AEM.TO drawdown of -70.33%. Use the drawdown chart below to compare losses from any high point for EIT-UN.TO and AEM.TO.

Drawdown Indicators

	EIT-UN.TO	AEM.TO	Difference
Max Drawdown Largest peak-to-trough decline	-63.56%	-70.33%	+6.77%
Max Drawdown (1Y) Largest decline over 1 year	-5.93%	-34.29%	+28.36%
Max Drawdown (3Y) Largest decline over 3 years	-9.45%	-34.29%	+24.84%
Max Drawdown (5Y) Largest decline over 5 years	-15.57%	-42.35%	+26.78%
Max Drawdown (10Y) Largest decline over 10 years	-50.36%	-55.07%	+4.71%
Current Drawdown Current decline from peak	-0.52%	-34.29%	+33.77%
Average Drawdown Average peak-to-trough decline	-8.81%	-29.16%	+20.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.55%	12.96%	-11.41%

Volatility

EIT-UN.TO vs. AEM.TO - Volatility Comparison

The current volatility for Canoe EIT Income Fund (EIT-UN.TO) is 2.55%, while Agnico Eagle Mines Limited (AEM.TO) has a volatility of 14.83%. This indicates that EIT-UN.TO experiences smaller price fluctuations and is considered to be less risky than AEM.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EIT-UN.TO	AEM.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.55%	14.83%	-12.28%
Volatility (6M) Calculated over the trailing 6-month period	7.53%	34.90%	-27.37%
Volatility (1Y) Calculated over the trailing 1-year period	8.82%	43.09%	-34.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.22%	35.05%	-22.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.53%	35.95%	-18.42%

Dividends

EIT-UN.TO vs. AEM.TO - Dividend Comparison

EIT-UN.TO's dividend yield for the trailing twelve months is around 6.95%, more than AEM.TO's 1.04% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AEM.TO Agnico Eagle Mines Limited	1.04%	0.97%	1.95%	2.98%	2.81%	2.08%	1.34%	0.81%	0.80%	0.77%	0.75%	0.95%
EIT-UN.TO Canoe EIT Income Fund	6.95%	7.64%	7.90%	9.29%	8.97%	9.08%	12.20%	11.53%	11.65%	10.16%	10.06%	10.71%

Frequently Asked Questions

Can I hold both EIT-UN.TO and AEM.TO in my portfolio?

EIT-UN.TO and AEM.TO have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.