GROY vs. AEM
GROY (Gold Royalty Corp.) and AEM (Agnico Eagle Mines Limited) are both stocks. Both are in the Basic Materials sector — GROY in Other Precious Metals & Mining, AEM in Gold. Over the past 5 years, GROY returned -8.14%/yr vs 23.00%/yr for AEM. A 0.55 correlation means they provide meaningful diversification when combined.
Performance
GROY vs. AEM - Performance Comparison
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Returns By Period
In the year-to-date period, GROY achieves a -23.02% return, which is significantly lower than AEM's 4.70% return.
GROY
- 1D
- 0.65%
- 1M
- -9.59%
- YTD
- -23.02%
- 6M
- -29.00%
- 1Y
- 60.31%
- 3Y*
- 16.85%
- 5Y*
- -8.14%
- 10Y*
- —
AEM
- 1D
- 2.97%
- 1M
- -0.54%
- YTD
- 4.70%
- 6M
- 3.54%
- 1Y
- 44.33%
- 3Y*
- 53.13%
- 5Y*
- 23.00%
- 10Y*
- 15.58%
GROY vs. AEM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
GROY Gold Royalty Corp. | -23.02% | 233.88% | -17.69% | -36.27% | -51.98% | 37.43% |
AEM Agnico Eagle Mines Limited | 4.70% | 119.53% | 46.04% | 8.98% | 1.08% | -6.09% |
Correlation
The correlation between GROY and AEM is 0.68, 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 | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Mar 10, 2021 | 0.55 |
The correlation between GROY and AEM shifts across timeframes, from 0.55 (all time) to 0.68 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
GROY:
$749.36M
AEM:
$88.68B
GROY:
-$0.01
AEM:
$10.60
GROY:
31.93
AEM:
6.58
GROY:
1.04
AEM:
3.38
GROY:
$19.65M
AEM:
$13.51B
GROY:
$14.42M
AEM:
$8.28B
GROY:
$9.22M
AEM:
$9.72B
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Return for Risk
GROY vs. AEM — Risk / Return Rank
GROY
AEM
GROY vs. AEM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Gold Royalty Corp. (GROY) and Agnico Eagle Mines Limited (AEM). 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.
| GROY | AEM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.20 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.49 | 1.40 | +0.09 |
| Martin ratioReturn relative to average drawdown | 3.37 | 3.49 | -0.12 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GROY | AEM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.08 | 1.03 | +0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.14 | 0.63 | -0.77 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.42 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.04 | 0.17 | -0.21 |
Drawdowns
GROY vs. AEM - Drawdown Comparison
The maximum GROY drawdown since its inception was -82.01%, smaller than the maximum AEM drawdown of -90.49%. Use the drawdown chart below to compare losses from any high point for GROY and AEM.
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Drawdown Indicators
| GROY | AEM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.01% | -90.49% | +8.48% |
Max Drawdown (1Y)Largest decline over 1 year | -40.69% | -31.77% | -8.92% |
Max Drawdown (3Y)Largest decline over 3 years | -45.58% | -31.77% | -13.81% |
Max Drawdown (5Y)Largest decline over 5 years | -82.01% | -46.22% | -35.79% |
Max Drawdown (10Y)Largest decline over 10 years | — | -53.86% | — |
Current DrawdownCurrent decline from peak | -52.17% | -29.74% | -22.43% |
Average DrawdownAverage peak-to-trough decline | -55.83% | -46.66% | -9.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.94% | 12.75% | +5.19% |
Volatility
GROY vs. AEM - Volatility Comparison
Gold Royalty Corp. (GROY) and Agnico Eagle Mines Limited (AEM) have volatilities of 14.06% and 14.02%, 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.
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Volatility by Period
| GROY | AEM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.06% | 14.02% | +0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 37.83% | 34.69% | +3.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 56.14% | 43.08% | +13.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 58.56% | 36.82% | +21.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 59.53% | 37.22% | +22.31% |
Dividends
GROY vs. AEM - Dividend Comparison
GROY has not paid dividends to shareholders, while AEM's dividend yield for the trailing twelve months is around 0.96%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AEM Agnico Eagle Mines Limited | 0.96% | 0.94% | 2.05% | 2.92% | 3.08% | 2.63% | 2.36% | 0.89% | 1.09% | 0.89% | 0.86% | 1.22% |
GROY Gold Royalty Corp. | 0.00% | 0.00% | 0.00% | 1.36% | 1.72% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
GROY vs. AEM - Financials Comparison
This section allows you to compare key financial metrics between Gold Royalty Corp. and Agnico Eagle Mines Limited. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
GROY vs. AEM - Profitability Comparison
GROY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Gold Royalty Corp. reported a gross profit of 5.48M and revenue of 7.18M. Therefore, the gross margin over that period was 76.3%.
AEM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Agnico Eagle Mines Limited reported a gross profit of 2.72B and revenue of 4.10B. Therefore, the gross margin over that period was 66.4%.
GROY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Gold Royalty Corp. reported an operating income of 2.64M and revenue of 7.18M, resulting in an operating margin of 36.7%.
AEM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Agnico Eagle Mines Limited reported an operating income of 2.56B and revenue of 4.10B, resulting in an operating margin of 62.4%.
GROY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Gold Royalty Corp. reported a net income of 1.77M and revenue of 7.18M, resulting in a net margin of 24.7%.
AEM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Agnico Eagle Mines Limited reported a net income of 1.70B and revenue of 4.10B, resulting in a net margin of 41.4%.
Frequently Asked Questions
GROY and AEM have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GROY has higher volatility (14.06%) compared to AEM (14.02%). In terms of maximum drawdown, GROY dropped -82.01% vs AEM's -90.49%.
GROY currently has the higher Sharpe Ratio (1.08 vs 1.03), 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.
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