ELD.TO vs. SKE.TO
ELD.TO (Eldorado Gold Corporation) and SKE.TO (Skeena Resources Limited) are both stocks. Both are in the Basic Materials sector — ELD.TO in Gold, SKE.TO in Other Industrial Metals & Mining. Over the past 10 years, ELD.TO returned 3.85%/yr vs 1.18%/yr for SKE.TO. At a 0.15 correlation, their price movements are largely independent.
Performance
ELD.TO vs. SKE.TO - Performance Comparison
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Returns By Period
In the year-to-date period, ELD.TO achieves a -10.72% return, which is significantly lower than SKE.TO's 24.20% return. Over the past 10 years, ELD.TO has outperformed SKE.TO with an annualized return of 3.85%, while SKE.TO has yielded a comparatively lower 1.18% annualized return.
ELD.TO
- 1D
- -4.69%
- 1M
- 12.31%
- YTD
- -10.72%
- 6M
- 2.64%
- 1Y
- 53.30%
- 3Y*
- 50.31%
- 5Y*
- 25.74%
- 10Y*
- 3.85%
SKE.TO
- 1D
- -5.20%
- 1M
- 1.23%
- YTD
- 24.20%
- 6M
- 39.91%
- 1Y
- 105.64%
- 3Y*
- 77.42%
- 5Y*
- 22.56%
- 10Y*
- 1.18%
ELD.TO vs. SKE.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ELD.TO Eldorado Gold Corporation | -10.72% | 130.73% | 24.30% | 52.35% | -4.81% | -29.70% | 61.74% | 160.75% | -56.04% | -57.65% |
SKE.TO Skeena Resources Limited | 24.20% | 160.80% | 93.80% | -10.54% | -45.25% | -4.29% | 405.88% | 126.67% | -57.14% | -91.25% |
Correlation
The correlation between ELD.TO and SKE.TO is 0.65, 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 | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Oct 25, 1993 | 0.15 |
Over the past year, ELD.TO and SKE.TO have become more correlated (0.65) than their long-term average of 0.15, meaning their price movements have been converging.
Fundamentals
ELD.TO:
CA$8.81B
SKE.TO:
CA$4.92B
ELD.TO:
CA$2.83
SKE.TO:
-CA$2.12
ELD.TO:
2.04
SKE.TO:
27.30
ELD.TO:
CA$2.00B
SKE.TO:
CA$0.00
ELD.TO:
CA$988.83M
SKE.TO:
-CA$1.08M
ELD.TO:
CA$1.08B
SKE.TO:
-CA$88.04M
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Return for Risk
ELD.TO vs. SKE.TO — Risk / Return Rank
ELD.TO
SKE.TO
ELD.TO vs. SKE.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eldorado Gold Corporation (ELD.TO) and Skeena Resources Limited (SKE.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.
| ELD.TO | SKE.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.87 | ||
| Sortino ratioReturn per unit of downside risk | -0.77 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.30 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.28 | 3.46 | -2.19 |
| Martin ratioReturn relative to average drawdown | 3.17 | 9.07 | -5.90 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ELD.TO | SKE.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.07 | 1.94 | -0.87 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | 0.41 | +0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.07 | 0.01 | +0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.05 | 0.00 | +0.05 |
Drawdowns
ELD.TO vs. SKE.TO - Drawdown Comparison
The maximum ELD.TO drawdown since its inception was -97.76%, roughly equal to the maximum SKE.TO drawdown of -99.99%. Use the drawdown chart below to compare losses from any high point for ELD.TO and SKE.TO.
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Drawdown Indicators
| ELD.TO | SKE.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.76% | -99.99% | +2.23% |
Max Drawdown (1Y)Largest decline over 1 year | -41.88% | -30.66% | -11.22% |
Max Drawdown (3Y)Largest decline over 3 years | -41.88% | -37.92% | -3.96% |
Max Drawdown (5Y)Largest decline over 5 years | -55.01% | -73.87% | +18.86% |
Max Drawdown (10Y)Largest decline over 10 years | -89.46% | -98.65% | +9.19% |
Current DrawdownCurrent decline from peak | -57.60% | -99.59% | +41.99% |
Average DrawdownAverage peak-to-trough decline | -61.77% | -80.46% | +18.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.87% | 11.69% | +5.18% |
Volatility
ELD.TO vs. SKE.TO - Volatility Comparison
Eldorado Gold Corporation (ELD.TO) and Skeena Resources Limited (SKE.TO) have volatilities of 17.75% and 18.01%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ELD.TO | SKE.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.75% | 18.01% | -0.26% |
Volatility (6M)Calculated over the trailing 6-month period | 41.12% | 41.53% | -0.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 50.00% | 55.04% | -5.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.73% | 55.52% | -11.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 53.07% | 80.57% | -27.50% |
Dividends
ELD.TO vs. SKE.TO - Dividend Comparison
ELD.TO's dividend yield for the trailing twelve months is around 0.47%, while SKE.TO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ELD.TO Eldorado Gold Corporation | 0.47% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.10% | 0.00% | 0.49% |
SKE.TO Skeena Resources Limited | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
ELD.TO vs. SKE.TO - Financials Comparison
This section allows you to compare key financial metrics between Eldorado Gold Corporation and Skeena Resources Limited. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
Frequently Asked Questions
ELD.TO and SKE.TO have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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