ERO vs. AGI

Last updated Jul 11, 2026

ERO (Ero Copper Corp) and AGI (Alamos Gold Inc.) are both stocks. Both are in the Basic Materials sector — ERO in Copper, AGI in Gold. Over the past 5 years, ERO returned 4.29%/yr vs 31.49%/yr for AGI. At a 0.30 correlation, their price movements are largely independent.

Performance

ERO vs. AGI - Performance Comparison

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

Returns By Period

In the year-to-date period, ERO achieves a -9.58% return, which is significantly higher than AGI's -23.48% return.

ERO

• 1D: 2.08%
• 1M: -7.65%
• 6M: -12.61%
• YTD: -9.58%
• 1Y: 69.40%
• 3Y*: 7.17%
• 5Y*: 4.29%
• 10Y*: —

AGI

• 1D: -1.41%
• 1M: -14.58%
• 6M: -29.40%
• YTD: -23.48%
• 1Y: 11.05%
• 3Y*: 35.85%
• 5Y*: 31.49%
• 10Y*: 12.40%

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

ERO vs. AGI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ERO Ero Copper Corp	-9.58%	109.87%	-14.63%	14.84%	-10.07%	-5.73%	-10.97%	151.68%	21.41%	52.76%
AGI Alamos Gold Inc.	-23.48%	109.93%	37.72%	34.33%	33.11%	-11.00%	46.75%	68.42%	-44.49%	-8.44%

Correlation

The correlation between ERO and AGI is 0.51, 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	0.51
Correlation (3Y) Calculated over the trailing 3-year period	0.44
Correlation (5Y) Calculated over the trailing 5-year period	0.44
Correlation (All Time) Calculated using the full available price history since Oct 23, 2017	0.30

Over the past year, ERO and AGI have become more correlated (0.51) than their long-term average of 0.30, meaning their price movements have been converging.

Fundamentals

Market Cap ERO : $2.67B AGI : $12.37B
EPS ERO : $2.79 AGI : $2.52
PE Ratio ERO : 9.16 AGI : 11.71
PEG Ratio ERO : 0.10 AGI : 0.08
PS Ratio ERO : 2.89 AGI : 6.02
PB Ratio ERO : 2.44 AGI : 2.69
Total Revenue (TTM) ERO : $925.20M AGI : $2.07B
Gross Profit (TTM) ERO : $394.67M AGI : $1.22B
EBITDA (TTM) ERO : $528.87M AGI : $1.43B

Return for Risk

ERO vs. AGI — Risk / Return Rank

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

ERO

ERO Risk / Return Rank: 77
ERO Sharpe Ratio Rank: 82
ERO Sortino Ratio Rank: 76
ERO Omega Ratio Rank: 75
ERO Calmar Ratio Rank: 79
ERO Martin Ratio Rank: 76

AGI

AGI Risk / Return Rank: 53
AGI Sharpe Ratio Rank: 54
AGI Sortino Ratio Rank: 51
AGI Omega Ratio Rank: 51
AGI Calmar Ratio Rank: 53
AGI Martin Ratio Rank: 54

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 vs. AGI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ero Copper Corp (ERO) and Alamos Gold Inc. (AGI). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	ERO	AGI	Difference
Sharpe ratio: Return per unit of total volatility	1.28	0.25	+1.03
Sortino ratio: Return per unit of downside risk	1.76	0.68	+1.08
Omega ratio: Gain probability vs. loss probability	1.23	1.09	+0.14
Calmar ratio: Return relative to maximum drawdown	1.94	0.28	+1.66
Martin ratio: Return relative to average drawdown	4.11	0.74	+3.36

ERO vs. AGI - Sharpe Ratio Comparison

The current ERO Sharpe Ratio is 1.28, which is higher than the AGI Sharpe Ratio of 0.25. The chart below compares the historical Sharpe Ratios of ERO and AGI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ERO vs. AGI - Drawdown Comparison

The maximum ERO drawdown since its inception was -67.17%, smaller than the maximum AGI drawdown of -88.13%. Use the drawdown chart below to compare losses from any high point for ERO and AGI.

Drawdown Indicators

	ERO	AGI	Difference
Max Drawdown Largest peak-to-trough decline	-67.17%	-88.13%	+20.96%
Max Drawdown (1Y) Largest decline over 1 year	-37.97%	-47.06%	+9.09%
Max Drawdown (3Y) Largest decline over 3 years	-59.84%	-47.06%	-12.78%
Max Drawdown (5Y) Largest decline over 5 years	-60.24%	-47.06%	-13.18%
Max Drawdown (10Y) Largest decline over 10 years	—	-69.05%	—
Current Drawdown Current decline from peak	-32.74%	-46.65%	+13.91%
Average Drawdown Average peak-to-trough decline	-27.05%	-37.74%	+10.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.91%	17.85%	+0.06%

Volatility

ERO vs. AGI - Volatility Comparison

Ero Copper Corp (ERO) and Alamos Gold Inc. (AGI) have volatilities of 19.21% and 19.40%, 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.

Volatility by Period

	ERO	AGI	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.21%	19.40%	-0.19%
Volatility (6M) Calculated over the trailing 6-month period	48.83%	45.42%	+3.41%
Volatility (1Y) Calculated over the trailing 1-year period	57.64%	53.69%	+3.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	55.15%	41.82%	+13.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	59.39%	48.53%	+10.86%

Dividends

ERO vs. AGI - Dividend Comparison

ERO has not paid dividends to shareholders, while AGI's dividend yield for the trailing twelve months is around 0.44%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AGI Alamos Gold Inc.	0.44%	0.26%	0.54%	0.74%	0.99%	1.30%	0.74%	0.66%	0.56%	0.31%	0.29%	1.22%
ERO 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%

Financials

ERO vs. AGI - Profitability Comparison

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

ERO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Ero Copper Corp reported a gross profit of 103.33M and revenue of 259.52M. Therefore, the gross margin over that period was 39.8%.

AGI - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Alamos Gold Inc. reported a gross profit of 376.02M and revenue of 588.43M. Therefore, the gross margin over that period was 63.9%.

ERO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Ero Copper Corp reported an operating income of 90.17M and revenue of 259.52M, resulting in an operating margin of 34.7%.

AGI - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Alamos Gold Inc. reported an operating income of 337.66M and revenue of 588.43M, resulting in an operating margin of 57.4%.

ERO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Ero Copper Corp reported a net income of 107.26M and revenue of 259.52M, resulting in a net margin of 41.3%.

AGI - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Alamos Gold Inc. reported a net income of 188.75M and revenue of 588.43M, resulting in a net margin of 32.1%.

Frequently Asked Questions

Can I hold both ERO and AGI in my portfolio?

ERO and AGI have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ERO or AGI?

AGI has higher volatility (19.40%) compared to ERO (19.21%). In terms of maximum drawdown, ERO dropped -67.17% vs AGI's -88.13%.

Which has better risk-adjusted returns?

ERO currently has the higher Sharpe Ratio (1.28 vs 0.25), 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.