EQX.TO vs. SSL.TO

Last updated Apr 1, 2026

Compare and contrast key facts about Equinox Gold Corp. (EQX.TO) and Sandstorm Gold Ltd. (SSL.TO).

Performance

EQX.TO vs. SSL.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Equinox Gold Corp. (EQX.TO) and Sandstorm Gold Ltd. (SSL.TO). The values are adjusted to include any dividend payments, if applicable.

EQX.TO vs. SSL.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EQX.TO Equinox Gold Corp.	4.24%	166.44%	12.42%	45.37%	-48.25%	-35.00%	31.83%	95.88%	-8.93%	-38.46%
SSL.TO Sandstorm Gold Ltd.	0.00%	101.57%	23.55%	8.31%	2.69%	-13.93%	-5.88%	61.91%	0.64%	19.17%

Fundamentals

Market Cap EQX.TO : CA$15.78B SSL.TO : CA$4.85B
EPS EQX.TO : CA$0.39 SSL.TO : CA$0.11
PE Ratio EQX.TO : 51.55 SSL.TO : 140.94
PEG Ratio EQX.TO : 0.09 SSL.TO : 5.21
PS Ratio EQX.TO : 5.01 SSL.TO : 25.06
PB Ratio EQX.TO : 2.73 SSL.TO : 3.40
Total Revenue (TTM) EQX.TO : CA$2.40B SSL.TO : CA$193.59M
Gross Profit (TTM) EQX.TO : CA$804.43M SSL.TO : CA$163.20M
EBITDA (TTM) EQX.TO : CA$999.15M SSL.TO : CA$148.46M

Returns By Period

EQX.TO

• 1D: 11.49%
• 1M: -21.45%
• YTD: 4.24%
• 6M: 28.98%
• 1Y: 103.32%
• 3Y*: 42.56%
• 5Y*: 13.90%
• 10Y*: 30.53%

SSL.TO

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

Return for Risk

EQX.TO vs. SSL.TO — Risk / Return Rank

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

EQX.TO

EQX.TO Risk / Return Rank: 85
EQX.TO Sharpe Ratio Rank: 88
EQX.TO Sortino Ratio Rank: 83
EQX.TO Omega Ratio Rank: 81
EQX.TO Calmar Ratio Rank: 85
EQX.TO Martin Ratio Rank: 87

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.

EQX.TO vs. SSL.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Equinox Gold Corp. (EQX.TO) and Sandstorm Gold Ltd. (SSL.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.

	EQX.TO	SSL.TO	Difference
Sharpe ratio Return per unit of total volatility	1.80	—	—
Sortino ratio Return per unit of downside risk	2.31	—	—
Omega ratio Gain probability vs. loss probability	1.30	—	—
Calmar ratio Return relative to maximum drawdown	2.91	—	—
Martin ratio Return relative to average drawdown	9.00	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	EQX.TO	SSL.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.80	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.25	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.17	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.09	—	—

Correlation

The correlation between EQX.TO and SSL.TO is 0.39, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

EQX.TO vs. SSL.TO - Dividend Comparison

EQX.TO's dividend yield for the trailing twelve months is around 0.10%, less than SSL.TO's 0.19% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019
EQX.TO Equinox Gold Corp.	0.10%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SSL.TO Sandstorm Gold Ltd.	0.19%	0.25%	1.94%	14.70%	13.03%	0.00%	0.00%	4.21%

Drawdowns

Drawdown Indicators

	EQX.TO	SSL.TO	Difference
Max Drawdown Largest peak-to-trough decline	-86.00%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-35.85%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-69.77%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-80.51%	—	—
Current Drawdown Current decline from peak	-21.51%	—	—
Average Drawdown Average peak-to-trough decline	-44.79%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	11.57%	—	—

Volatility

Volatility by Period

	EQX.TO	SSL.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	23.39%	—	—
Volatility (6M) Calculated over the trailing 6-month period	45.68%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	57.77%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	55.29%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	192.39%	—	—

Financials

EQX.TO vs. SSL.TO - Profitability Comparison

The chart below illustrates the profitability comparison between Equinox Gold Corp. and Sandstorm Gold Ltd. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

EQX.TO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Equinox Gold Corp. reported a gross profit of 345.80M and revenue of 691.87M. Therefore, the gross margin over that period was 50.0%.

SSL.TO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Sandstorm Gold Ltd. reported a gross profit of 42.70M and revenue of 51.42M. Therefore, the gross margin over that period was 83.0%.

EQX.TO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Equinox Gold Corp. reported an operating income of 296.79M and revenue of 691.87M, resulting in an operating margin of 42.9%.

SSL.TO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Sandstorm Gold Ltd. reported an operating income of 39.05M and revenue of 51.42M, resulting in an operating margin of 76.0%.

EQX.TO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Equinox Gold Corp. reported a net income of 200.54M and revenue of 691.87M, resulting in a net margin of 29.0%.

SSL.TO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Sandstorm Gold Ltd. reported a net income of 15.46M and revenue of 51.42M, resulting in a net margin of 30.1%.