EIT-UN.TO vs. ARTG.V

Last updated Jun 9, 2026

EIT-UN.TO (Canoe EIT Income Fund) is Diversified Portfolio fund actively managed by Canoe, while ARTG.V (Artemis Gold Inc) is a stock. Over the past 5 years, EIT-UN.TO returned 16.99%/yr vs 36.27%/yr for ARTG.V. At a 0.19 correlation, their price movements are largely independent.

Performance

EIT-UN.TO vs. ARTG.V - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Canoe EIT Income Fund (EIT-UN.TO) and Artemis Gold Inc (ARTG.V). 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 ARTG.V's -16.76% return.

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%

ARTG.V

• 1D: 0.43%
• 1M: -10.62%
• YTD: -16.76%
• 6M: -13.97%
• 1Y: 14.34%
• 3Y*: 85.30%
• 5Y*: 36.27%
• 10Y*: —

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

EIT-UN.TO vs. ARTG.V - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
EIT-UN.TO Canoe EIT Income Fund	13.19%	11.81%	27.99%	5.94%	10.49%	49.02%	7.74%	4.21%
ARTG.V Artemis Gold Inc	-16.76%	166.84%	117.56%	43.96%	-36.38%	7.81%	392.31%	30.00%

Correlation

The correlation between EIT-UN.TO and ARTG.V is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.25
Correlation (3Y) Calculated over the trailing 3-year period	0.22
Correlation (5Y) Calculated over the trailing 5-year period	0.22
Correlation (All Time) Calculated using the full available price history since Oct 3, 2019	0.19

Return for Risk

EIT-UN.TO vs. ARTG.V — 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

ARTG.V

ARTG.V Risk / Return Rank: 51
ARTG.V Sharpe Ratio Rank: 53
ARTG.V Sortino Ratio Rank: 49
ARTG.V Omega Ratio Rank: 48
ARTG.V Calmar Ratio Rank: 52
ARTG.V Martin Ratio Rank: 54

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. ARTG.V - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Canoe EIT Income Fund (EIT-UN.TO) and Artemis Gold Inc (ARTG.V). 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	ARTG.V	Difference
Sharpe ratio: Return per unit of total volatility	2.29	0.30	+1.99
Sortino ratio: Return per unit of downside risk	3.46	0.72	+2.74
Omega ratio: Gain probability vs. loss probability	1.42	1.09	+0.33
Calmar ratio: Return relative to maximum drawdown	3.40	0.42	+2.99
Martin ratio: Return relative to average drawdown	13.03	1.05	+11.98
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. ARTG.V - Sharpe Ratio Comparison

The current EIT-UN.TO Sharpe Ratio is 2.29, which is higher than the ARTG.V Sharpe Ratio of 0.30. The chart below compares the historical Sharpe Ratios of EIT-UN.TO and ARTG.V, 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	ARTG.V	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.29	0.30	+1.99
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.40	0.71	+0.68
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.90	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.45	1.13	-0.68

Drawdowns

EIT-UN.TO vs. ARTG.V - Drawdown Comparison

The maximum EIT-UN.TO drawdown since its inception was -63.56%, which is greater than ARTG.V's maximum drawdown of -54.31%. Use the drawdown chart below to compare losses from any high point for EIT-UN.TO and ARTG.V.

Drawdown Indicators

	EIT-UN.TO	ARTG.V	Difference
Max Drawdown Largest peak-to-trough decline	-63.56%	-54.31%	-9.25%
Max Drawdown (1Y) Largest decline over 1 year	-5.93%	-34.59%	+28.66%
Max Drawdown (3Y) Largest decline over 3 years	-9.45%	-34.59%	+25.14%
Max Drawdown (5Y) Largest decline over 5 years	-15.57%	-54.31%	+38.74%
Max Drawdown (10Y) Largest decline over 10 years	-50.36%	—	—
Current Drawdown Current decline from peak	-0.52%	-34.31%	+33.79%
Average Drawdown Average peak-to-trough decline	-8.81%	-17.34%	+8.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.55%	13.64%	-12.09%

Volatility

EIT-UN.TO vs. ARTG.V - Volatility Comparison

The current volatility for Canoe EIT Income Fund (EIT-UN.TO) is 2.55%, while Artemis Gold Inc (ARTG.V) has a volatility of 13.91%. This indicates that EIT-UN.TO experiences smaller price fluctuations and is considered to be less risky than ARTG.V based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EIT-UN.TO	ARTG.V	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.55%	13.91%	-11.36%
Volatility (6M) Calculated over the trailing 6-month period	7.53%	36.91%	-29.38%
Volatility (1Y) Calculated over the trailing 1-year period	8.82%	47.84%	-39.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.22%	51.19%	-38.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.53%	59.50%	-41.97%

Dividends

EIT-UN.TO vs. ARTG.V - Dividend Comparison

EIT-UN.TO's dividend yield for the trailing twelve months is around 6.95%, while ARTG.V has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ARTG.V Artemis Gold Inc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
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 ARTG.V in my portfolio?

EIT-UN.TO and ARTG.V have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.