FMST vs. WRN

Last updated Jun 4, 2026

FMST (Foremost Lithium Resource & Technology Ltd. Common stock) and WRN (Western Copper and Gold Corporation) are both stocks. Both are in the Basic Materials sector — FMST in Chemicals, WRN in Other Industrial Metals & Mining. Over the past year, FMST returned -61.50% vs 139.67% for WRN. At a 0.22 correlation, their price movements are largely independent.

Performance

FMST vs. WRN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Foremost Lithium Resource & Technology Ltd. Common stock (FMST) and Western Copper and Gold Corporation (WRN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FMST achieves a -20.28% return, which is significantly lower than WRN's 8.61% return.

FMST

• 1D: -8.15%
• 1M: 9.03%
• YTD: -20.28%
• 6M: -40.91%
• 1Y: -61.50%
• 3Y*: —
• 5Y*: —
• 10Y*: —

WRN

• 1D: -3.33%
• 1M: 4.69%
• YTD: 8.61%
• 6M: 15.08%
• 1Y: 139.67%
• 3Y*: 21.42%
• 5Y*: 2.93%
• 10Y*: 16.49%

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

FMST vs. WRN - Yearly Performance Comparison

	2026 (YTD)	2025
FMST Foremost Lithium Resource & Technology Ltd. Common stock	-20.28%	60.61%
WRN Western Copper and Gold Corporation	8.61%	156.73%

Correlation

The correlation between FMST and WRN is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.34
Correlation (All Time) Calculated using the full available price history since Feb 3, 2025	0.22

The correlation between FMST and WRN shifts across timeframes, from 0.22 (all time) to 0.34 (1 year), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap FMST : $24.26M WRN : $612.65M
EPS FMST : -$0.27 WRN : -$0.02
PB Ratio FMST : 0.70 WRN : 2.18
Total Revenue (TTM) FMST : $0.00 WRN : $0.00
Gross Profit (TTM) FMST : $0.00 WRN : -$113.39K
EBITDA (TTM) FMST : -$3.43M WRN : -$8.21M

Return for Risk

FMST vs. WRN — Risk / Return Rank

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

FMST

FMST Risk / Return Rank: 15
FMST Sharpe Ratio Rank: 15
FMST Sortino Ratio Rank: 17
FMST Omega Ratio Rank: 18
FMST Calmar Ratio Rank: 8
FMST Martin Ratio Rank: 16

WRN

WRN Risk / Return Rank: 84
WRN Sharpe Ratio Rank: 89
WRN Sortino Ratio Rank: 81
WRN Omega Ratio Rank: 82
WRN Calmar Ratio Rank: 84
WRN Martin Ratio Rank: 83

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.

FMST vs. WRN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Foremost Lithium Resource & Technology Ltd. Common stock (FMST) and Western Copper and Gold Corporation (WRN). 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.

	FMST	WRN	Difference
Sharpe ratio: Return per unit of total volatility	-0.61	2.14	-2.75
Sortino ratio: Return per unit of downside risk	-0.66	2.44	-3.10
Omega ratio: Gain probability vs. loss probability	0.93	1.32	-0.39
Calmar ratio: Return relative to maximum drawdown	-0.86	3.31	-4.17
Martin ratio: Return relative to average drawdown	-1.14	7.70	-8.85
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FMST vs. WRN - Sharpe Ratio Comparison

The current FMST Sharpe Ratio is -0.61, which is lower than the WRN Sharpe Ratio of 2.14. The chart below compares the historical Sharpe Ratios of FMST and WRN, 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

	FMST	WRN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.61	2.14	-2.75
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.05	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.27	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.17	0.04	+0.13

Drawdowns

FMST vs. WRN - Drawdown Comparison

The maximum FMST drawdown since its inception was -71.86%, smaller than the maximum WRN drawdown of -95.24%. Use the drawdown chart below to compare losses from any high point for FMST and WRN.

Drawdown Indicators

	FMST	WRN	Difference
Max Drawdown Largest peak-to-trough decline	-71.86%	-95.24%	+23.38%
Max Drawdown (1Y) Largest decline over 1 year	-71.86%	-42.72%	-29.14%
Max Drawdown (3Y) Largest decline over 3 years	—	-46.15%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-63.75%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-80.15%	—
Current Drawdown Current decline from peak	-68.82%	-31.62%	-37.20%
Average Drawdown Average peak-to-trough decline	-46.63%	-64.43%	+17.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	53.77%	18.28%	+35.49%

Volatility

FMST vs. WRN - Volatility Comparison

Foremost Lithium Resource & Technology Ltd. Common stock (FMST) has a higher volatility of 21.88% compared to Western Copper and Gold Corporation (WRN) at 17.38%. This indicates that FMST's price experiences larger fluctuations and is considered to be riskier than WRN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FMST	WRN	Difference
Volatility (1M) Calculated over the trailing 1-month period	21.88%	17.38%	+4.50%
Volatility (6M) Calculated over the trailing 6-month period	59.06%	53.29%	+5.77%
Volatility (1Y) Calculated over the trailing 1-year period	101.57%	66.08%	+35.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	120.86%	56.58%	+64.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	120.86%	62.11%	+58.75%

Dividends

FMST vs. WRN - Dividend Comparison

Neither FMST nor WRN has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both FMST and WRN in my portfolio?

FMST and WRN have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FMST or WRN?

FMST has higher volatility (21.88%) compared to WRN (17.38%). In terms of maximum drawdown, FMST dropped -71.86% vs WRN's -95.24%.

Which has better risk-adjusted returns?

WRN currently has the higher Sharpe Ratio (2.14 vs -0.61), 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.