ERO.TO vs. ABX.TO

Last updated Apr 1, 2026

Compare and contrast key facts about Ero Copper Corp. (ERO.TO) and Barrick Gold Corporation (ABX.TO).

Performance

ERO.TO vs. ABX.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Ero Copper Corp. (ERO.TO) and Barrick Gold Corporation (ABX.TO). The values are adjusted to include any dividend payments, if applicable.

ERO.TO vs. ABX.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ERO.TO Ero Copper Corp.	-4.53%	100.36%	-7.49%	12.39%	-3.42%	-5.48%	-13.51%	140.67%	29.42%	59.58%
ABX.TO Barrick Gold Corporation	-4.12%	173.90%	-4.69%	5.66%	0.12%	-13.90%	21.80%	32.27%	2.91%	-9.41%

Fundamentals

Market Cap ERO.TO : CA$3.88B ABX.TO : CA$95.74B
EPS ERO.TO : CA$2.54 ABX.TO : CA$2.99
PE Ratio ERO.TO : 14.58 ABX.TO : 19.03
PEG Ratio ERO.TO : 0.15 ABX.TO : 0.22
PS Ratio ERO.TO : 4.89 ABX.TO : 5.69
PB Ratio ERO.TO : 4.16 ABX.TO : 3.61
Total Revenue (TTM) ERO.TO : CA$790.77M ABX.TO : CA$16.99B
Gross Profit (TTM) ERO.TO : CA$346.87M ABX.TO : CA$8.53B
EBITDA (TTM) ERO.TO : CA$516.88M ABX.TO : CA$11.10B

Returns By Period

In the year-to-date period, ERO.TO achieves a -4.53% return, which is significantly lower than ABX.TO's -4.12% return.

ERO.TO

• 1D: 6.80%
• 1M: -20.55%
• YTD: -4.53%
• 6M: 31.50%
• 1Y: 112.68%
• 3Y*: 15.74%
• 5Y*: 11.02%
• 10Y*: —

ABX.TO

• 1D: 6.26%
• 1M: -17.86%
• YTD: -4.12%
• 6M: 25.96%
• 1Y: 108.34%
• 3Y*: 34.47%
• 5Y*: 20.81%
• 10Y*: 14.62%

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

Return for Risk

ERO.TO vs. ABX.TO — Risk / Return Rank

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

ERO.TO

ERO.TO Risk / Return Rank: 86
ERO.TO Sharpe Ratio Rank: 91
ERO.TO Sortino Ratio Rank: 85
ERO.TO Omega Ratio Rank: 84
ERO.TO Calmar Ratio Rank: 86
ERO.TO Martin Ratio Rank: 86

ABX.TO

ABX.TO Risk / Return Rank: 92
ABX.TO Sharpe Ratio Rank: 95
ABX.TO Sortino Ratio Rank: 90
ABX.TO Omega Ratio Rank: 91
ABX.TO Calmar Ratio Rank: 91
ABX.TO Martin Ratio Rank: 94

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.

ERO.TO vs. ABX.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ero Copper Corp. (ERO.TO) and Barrick Gold Corporation (ABX.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.

	ERO.TO	ABX.TO	Difference
Sharpe ratio Return per unit of total volatility	2.02	2.52	-0.50
Sortino ratio Return per unit of downside risk	2.39	2.77	-0.38
Omega ratio Gain probability vs. loss probability	1.32	1.40	-0.08
Calmar ratio Return relative to maximum drawdown	3.04	3.95	-0.91
Martin ratio Return relative to average drawdown	8.37	14.27	-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.

ERO.TO vs. ABX.TO - Sharpe Ratio Comparison

The current ERO.TO Sharpe Ratio is 2.02, which is comparable to the ABX.TO Sharpe Ratio of 2.52. The chart below compares the historical Sharpe Ratios of ERO.TO and ABX.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	ERO.TO	ABX.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.02	2.52	-0.50
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.22	0.62	-0.40
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.41	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.53	0.30	+0.23

Correlation

The correlation between ERO.TO and ABX.TO is 0.26, 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

ERO.TO vs. ABX.TO - Dividend Comparison

ERO.TO has not paid dividends to shareholders, while ABX.TO's dividend yield for the trailing twelve months is around 2.05%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ERO.TO Ero Copper Corp.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ABX.TO Barrick Gold Corporation	2.05%	1.23%	2.45%	2.27%	3.64%	4.06%	1.42%	0.92%	1.36%	1.02%	0.59%	1.93%

Drawdowns

ERO.TO vs. ABX.TO - Drawdown Comparison

The maximum ERO.TO drawdown since its inception was -62.77%, smaller than the maximum ABX.TO drawdown of -84.49%. Use the drawdown chart below to compare losses from any high point for ERO.TO and ABX.TO.

Drawdown Indicators

	ERO.TO	ABX.TO	Difference
Max Drawdown Largest peak-to-trough decline	-62.77%	-84.49%	+21.72%
Max Drawdown (1Y) Largest decline over 1 year	-36.71%	-28.49%	-8.22%
Max Drawdown (5Y) Largest decline over 5 years	-62.63%	-43.76%	-18.87%
Max Drawdown (10Y) Largest decline over 10 years	—	-56.55%	—
Current Drawdown Current decline from peak	-27.61%	-20.22%	-7.39%
Average Drawdown Average peak-to-trough decline	-22.82%	-31.46%	+8.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.33%	7.89%	+5.44%

Volatility

ERO.TO vs. ABX.TO - Volatility Comparison

Ero Copper Corp. (ERO.TO) has a higher volatility of 19.09% compared to Barrick Gold Corporation (ABX.TO) at 15.86%. This indicates that ERO.TO's price experiences larger fluctuations and is considered to be riskier than ABX.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ERO.TO	ABX.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.09%	15.86%	+3.23%
Volatility (6M) Calculated over the trailing 6-month period	41.24%	34.38%	+6.86%
Volatility (1Y) Calculated over the trailing 1-year period	56.05%	43.25%	+12.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	51.22%	33.75%	+17.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	51.97%	36.22%	+15.75%

Financials

ERO.TO vs. ABX.TO - Profitability Comparison

The chart below illustrates the profitability comparison between Ero Copper Corp. and Barrick Gold Corporation over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

ERO.TO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Ero Copper Corp. reported a gross profit of 165.59M and revenue of 325.08M. Therefore, the gross margin over that period was 50.9%.

ABX.TO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Barrick Gold Corporation reported a gross profit of 3.12B and revenue of 6.03B. Therefore, the gross margin over that period was 51.8%.

ERO.TO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Ero Copper Corp. reported an operating income of 142.83M and revenue of 325.08M, resulting in an operating margin of 43.9%.

ABX.TO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Barrick Gold Corporation reported an operating income of 3.06B and revenue of 6.03B, resulting in an operating margin of 50.7%.

ERO.TO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Ero Copper Corp. reported a net income of 78.15M and revenue of 325.08M, resulting in a net margin of 24.0%.

ABX.TO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Barrick Gold Corporation reported a net income of 2.49B and revenue of 6.03B, resulting in a net margin of 41.3%.