EQX.TO vs. UCU.V

Last updated Jun 9, 2026

EQX.TO (Equinox Gold Corp.) and UCU.V (Ucore Rare Metals Inc) are both stocks. Both are in the Basic Materials sector — EQX.TO in Gold, UCU.V in Other Industrial Metals & Mining. Over the past 10 years, EQX.TO returned 7.28%/yr vs 5.28%/yr for UCU.V. At a 0.11 correlation, their price movements are largely independent.

Performance

EQX.TO vs. UCU.V - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Equinox Gold Corp. (EQX.TO) and Ucore Rare Metals Inc (UCU.V). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EQX.TO achieves a -21.50% return, which is significantly lower than UCU.V's -4.04% return. Over the past 10 years, EQX.TO has outperformed UCU.V with an annualized return of 7.28%, while UCU.V has yielded a comparatively lower 5.28% annualized return.

EQX.TO

• 1D: 0.33%
• 1M: -22.58%
• YTD: -21.50%
• 6M: -18.72%
• 1Y: 59.40%
• 3Y*: 33.39%
• 5Y*: 7.45%
• 10Y*: 7.28%

UCU.V

• 1D: -2.24%
• 1M: -2.97%
• YTD: -4.04%
• 6M: -24.20%
• 1Y: 296.21%
• 3Y*: 67.15%
• 5Y*: 34.92%
• 10Y*: 5.28%

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

EQX.TO vs. UCU.V - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EQX.TO Equinox Gold Corp.	-21.50%	166.44%	12.42%	45.37%	-48.25%	-35.00%	31.83%	95.88%	-8.93%	-38.46%
UCU.V Ucore Rare Metals Inc	-4.04%	626.67%	-13.79%	27.94%	-6.85%	-38.14%	-47.56%	162.96%	-52.08%	-22.58%

Correlation

The correlation between EQX.TO and UCU.V is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.26
Correlation (3Y) Calculated over the trailing 3-year period	0.15
Correlation (5Y) Calculated over the trailing 5-year period	0.15
Correlation (10Y) Calculated over the trailing 10-year period	0.12
Correlation (All Time) Calculated using the full available price history since Jul 2, 2014	0.11

The correlation between EQX.TO and UCU.V shifts across timeframes, from 0.11 (all time) to 0.26 (1 year), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap EQX.TO : CA$12.48B UCU.V : CA$595.19M
EPS EQX.TO : CA$0.94 UCU.V : -CA$0.40
PB Ratio EQX.TO : 2.04 UCU.V : 8.40
Total Revenue (TTM) EQX.TO : CA$2.84B UCU.V : CA$0.00
Gross Profit (TTM) EQX.TO : CA$1.21B UCU.V : -CA$1.84M
EBITDA (TTM) EQX.TO : CA$1.38B UCU.V : -CA$31.97M

Return for Risk

EQX.TO vs. UCU.V — 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: 70
EQX.TO Sharpe Ratio Rank: 73
EQX.TO Sortino Ratio Rank: 69
EQX.TO Omega Ratio Rank: 68
EQX.TO Calmar Ratio Rank: 70
EQX.TO Martin Ratio Rank: 72

UCU.V

UCU.V Risk / Return Rank: 89
UCU.V Sharpe Ratio Rank: 92
UCU.V Sortino Ratio Rank: 89
UCU.V Omega Ratio Rank: 85
UCU.V Calmar Ratio Rank: 92
UCU.V Martin Ratio Rank: 85

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. UCU.V - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Equinox Gold Corp. (EQX.TO) and Ucore Rare Metals Inc (UCU.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.

	EQX.TO	UCU.V	Difference
Sharpe ratio: Return per unit of total volatility	1.01	2.44	-1.42
Sortino ratio: Return per unit of downside risk	1.61	3.03	-1.42
Omega ratio: Gain probability vs. loss probability	1.21	1.35	-0.14
Calmar ratio: Return relative to maximum drawdown	1.45	5.06	-3.60
Martin ratio: Return relative to average drawdown	3.95	8.03	-4.07
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EQX.TO vs. UCU.V - Sharpe Ratio Comparison

The current EQX.TO Sharpe Ratio is 1.01, which is lower than the UCU.V Sharpe Ratio of 2.44. The chart below compares the historical Sharpe Ratios of EQX.TO and UCU.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

	EQX.TO	UCU.V	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.01	2.44	-1.42
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.13	0.40	-0.27
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.13	0.06	+0.07
Sharpe Ratio (All Time) Calculated using the full available price history	0.03	0.01	+0.02

Drawdowns

EQX.TO vs. UCU.V - Drawdown Comparison

The maximum EQX.TO drawdown since its inception was -81.51%, smaller than the maximum UCU.V drawdown of -98.60%. Use the drawdown chart below to compare losses from any high point for EQX.TO and UCU.V.

Drawdown Indicators

	EQX.TO	UCU.V	Difference
Max Drawdown Largest peak-to-trough decline	-81.51%	-98.60%	+17.09%
Max Drawdown (1Y) Largest decline over 1 year	-41.09%	-59.01%	+17.92%
Max Drawdown (3Y) Largest decline over 3 years	-41.09%	-59.01%	+17.92%
Max Drawdown (5Y) Largest decline over 5 years	-69.34%	-65.81%	-3.53%
Max Drawdown (10Y) Largest decline over 10 years	-80.51%	-83.62%	+3.11%
Current Drawdown Current decline from peak	-40.89%	-60.73%	+19.84%
Average Drawdown Average peak-to-trough decline	-52.60%	-80.87%	+28.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.10%	37.10%	-22.00%

Volatility

EQX.TO vs. UCU.V - Volatility Comparison

The current volatility for Equinox Gold Corp. (EQX.TO) is 20.71%, while Ucore Rare Metals Inc (UCU.V) has a volatility of 25.95%. This indicates that EQX.TO experiences smaller price fluctuations and is considered to be less risky than UCU.V based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EQX.TO	UCU.V	Difference
Volatility (1M) Calculated over the trailing 1-month period	20.71%	25.95%	-5.24%
Volatility (6M) Calculated over the trailing 6-month period	46.78%	69.56%	-22.78%
Volatility (1Y) Calculated over the trailing 1-year period	58.98%	122.63%	-63.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	55.90%	87.21%	-31.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	56.44%	92.83%	-36.39%

Dividends

EQX.TO vs. UCU.V - Dividend Comparison

EQX.TO's dividend yield for the trailing twelve months is around 0.27%, while UCU.V has not paid dividends to shareholders.

Position	TTM
EQX.TO Equinox Gold Corp.	0.27%
UCU.V Ucore Rare Metals Inc	0.00%

Financials

Frequently Asked Questions

Can I hold both EQX.TO and UCU.V in my portfolio?

EQX.TO and UCU.V have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.