EPD vs. AEM

Last updated Jun 9, 2026

EPD (Enterprise Products Partners L.P.) and AEM (Agnico Eagle Mines Limited) are both stocks. EPD operates in Oil & Gas Midstream (Energy), while AEM operates in Gold (Basic Materials). Over the past 10 years, EPD returned 10.45%/yr vs 14.51%/yr for AEM. At a 0.13 correlation, their price movements are largely independent.

Performance

EPD vs. AEM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Enterprise Products Partners L.P. (EPD) 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, EPD achieves a 20.66% return, which is significantly higher than AEM's -3.97% return. Over the past 10 years, EPD has underperformed AEM with an annualized return of 10.45%, while AEM has yielded a comparatively higher 14.51% annualized return.

EPD

• 1D: -0.77%
• 1M: 0.89%
• YTD: 20.66%
• 6M: 18.26%
• 1Y: 27.33%
• 3Y*: 21.14%
• 5Y*: 16.72%
• 10Y*: 10.45%

AEM

• 1D: -0.95%
• 1M: -15.89%
• YTD: -3.97%
• 6M: -1.17%
• 1Y: 38.70%
• 3Y*: 49.86%
• 5Y*: 20.89%
• 10Y*: 14.51%

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

EPD vs. AEM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EPD Enterprise Products Partners L.P.	20.66%	9.45%	28.00%	17.71%	18.32%	21.40%	-23.61%	21.88%	-1.32%	4.24%
AEM Agnico Eagle Mines Limited	-3.97%	119.53%	46.04%	8.98%	1.08%	-22.81%	17.39%	54.18%	-11.51%	10.92%

Correlation

The correlation between EPD and AEM is -0.05, 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	-0.05
Correlation (3Y) Calculated over the trailing 3-year period	0.12
Correlation (5Y) Calculated over the trailing 5-year period	0.20
Correlation (10Y) Calculated over the trailing 10-year period	0.12
Correlation (All Time) Calculated using the full available price history since Jul 29, 1998	0.13

The correlation between EPD and AEM shifts across timeframes, from -0.05 (1 year) to 0.20 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap EPD : $82.06B AEM : $81.34B
EPS EPD : $2.69 AEM : $10.60
PE Ratio EPD : 13.93 AEM : 15.30
PEG Ratio EPD : 2.24 AEM : 0.24
PS Ratio EPD : 1.59 AEM : 6.04
Total Revenue (TTM) EPD : $51.57B AEM : $13.51B
Gross Profit (TTM) EPD : $7.31B AEM : $8.28B
EBITDA (TTM) EPD : $10.11B AEM : $9.72B

Return for Risk

EPD vs. AEM — Risk / Return Rank

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

EPD

EPD Risk / Return Rank: 85
EPD Sharpe Ratio Rank: 86
EPD Sortino Ratio Rank: 83
EPD Omega Ratio Rank: 82
EPD Calmar Ratio Rank: 87
EPD Martin Ratio Rank: 89

AEM

AEM Risk / Return Rank: 66
AEM Sharpe Ratio Rank: 70
AEM Sortino Ratio Rank: 63
AEM Omega Ratio Rank: 64
AEM Calmar Ratio Rank: 64
AEM Martin Ratio Rank: 67

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.

EPD vs. AEM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Enterprise Products Partners L.P. (EPD) 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.

	EPD	AEM	Difference
Sharpe ratio: Return per unit of total volatility	1.74	0.89	+0.85
Sortino ratio: Return per unit of downside risk	2.49	1.32	+1.17
Omega ratio: Gain probability vs. loss probability	1.31	1.18	+0.13
Calmar ratio: Return relative to maximum drawdown	3.63	1.09	+2.54
Martin ratio: Return relative to average drawdown	11.00	2.96	+8.04
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EPD vs. AEM - Sharpe Ratio Comparison

The current EPD Sharpe Ratio is 1.74, which is higher than the AEM Sharpe Ratio of 0.89. The chart below compares the historical Sharpe Ratios of EPD 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

	EPD	AEM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.74	0.89	+0.85
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.98	0.57	+0.41
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.43	0.39	+0.04
Sharpe Ratio (All Time) Calculated using the full available price history	0.54	0.16	+0.37

Drawdowns

EPD vs. AEM - Drawdown Comparison

The maximum EPD drawdown since its inception was -58.78%, smaller than the maximum AEM drawdown of -90.49%. Use the drawdown chart below to compare losses from any high point for EPD and AEM.

Drawdown Indicators

	EPD	AEM	Difference
Max Drawdown Largest peak-to-trough decline	-58.78%	-90.49%	+31.71%
Max Drawdown (1Y) Largest decline over 1 year	-7.56%	-35.56%	+28.00%
Max Drawdown (3Y) Largest decline over 3 years	-15.40%	-35.56%	+20.16%
Max Drawdown (5Y) Largest decline over 5 years	-18.06%	-46.22%	+28.16%
Max Drawdown (10Y) Largest decline over 10 years	-58.04%	-53.86%	-4.18%
Current Drawdown Current decline from peak	-5.73%	-35.56%	+29.83%
Average Drawdown Average peak-to-trough decline	-10.13%	-46.66%	+36.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.49%	13.12%	-10.63%

Volatility

EPD vs. AEM - Volatility Comparison

The current volatility for Enterprise Products Partners L.P. (EPD) is 6.17%, while Agnico Eagle Mines Limited (AEM) has a volatility of 14.34%. This indicates that EPD experiences smaller price fluctuations and is considered to be less risky than AEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EPD	AEM	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.17%	14.34%	-8.17%
Volatility (6M) Calculated over the trailing 6-month period	13.16%	35.53%	-22.37%
Volatility (1Y) Calculated over the trailing 1-year period	15.81%	43.68%	-27.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.23%	36.98%	-19.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.16%	37.31%	-13.15%

Dividends

EPD vs. AEM - Dividend Comparison

EPD's dividend yield for the trailing twelve months is around 5.84%, more than AEM's 1.05% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AEM Agnico Eagle Mines Limited	1.05%	0.94%	2.05%	2.92%	3.08%	2.63%	2.36%	0.89%	1.09%	0.89%	0.86%	1.22%
EPD Enterprise Products Partners L.P.	5.84%	6.74%	6.63%	7.51%	7.79%	8.20%	9.09%	6.23%	6.97%	6.29%	5.88%	5.90%

Financials

EPD vs. AEM - Profitability Comparison

The chart below illustrates the profitability comparison between Enterprise Products Partners L.P. and Agnico Eagle Mines Limited over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

EPD - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Enterprise Products Partners L.P. reported a gross profit of 1.88B and revenue of 14.39B. Therefore, the gross margin over that period was 13.1%.

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%.

EPD - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Enterprise Products Partners L.P. reported an operating income of 1.82B and revenue of 14.39B, resulting in an operating margin of 12.6%.

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%.

EPD - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Enterprise Products Partners L.P. reported a net income of 1.48B and revenue of 14.39B, resulting in a net margin of 10.3%.

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 EPD and AEM in my portfolio?

EPD and AEM have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EPD or AEM?

AEM has higher volatility (14.34%) compared to EPD (6.17%). In terms of maximum drawdown, EPD dropped -58.78% vs AEM's -90.49%.

Which has better risk-adjusted returns?

EPD currently has the higher Sharpe Ratio (1.74 vs 0.89), 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.