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HBM.TO vs. LAC.TO
Performance
Return for Risk
Dividends
Drawdowns
Volatility
Financials

HBM.TO vs. LAC.TO

Last updated Apr 1, 2026

Compare and contrast key facts about Hudbay Minerals Inc. (HBM.TO) and Lithium Americas Corp. (LAC.TO).

Performance

HBM.TO vs. LAC.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Hudbay Minerals Inc. (HBM.TO) and Lithium Americas Corp. (LAC.TO). The values are adjusted to include any dividend payments, if applicable.

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HBM.TO vs. LAC.TO - Yearly Performance Comparison

2026 (YTD)202520242023
HBM.TO
Hudbay Minerals Inc.		6.93%134.08%60.29%21.70%
LAC.TO
Lithium Americas Corp.		-7.37%38.84%-49.41%-46.91%

Fundamentals

Market Cap

HBM.TO:

CA$11.65B

LAC.TO:

CA$1.74B

EPS

HBM.TO:

CA$1.43

LAC.TO:

-CA$0.47

PB Ratio

HBM.TO:

3.61

LAC.TO:

1.64

Total Revenue (TTM)

HBM.TO:

CA$2.22B

LAC.TO:

CA$0.00

Gross Profit (TTM)

HBM.TO:

CA$639.91M

LAC.TO:

-CA$522.75K

EBITDA (TTM)

HBM.TO:

CA$1.41B

LAC.TO:

-CA$247.34M

Returns By Period

In the year-to-date period, HBM.TO achieves a 6.93% return, which is significantly higher than LAC.TO's -7.37% return.

HBM.TO

1D
9.80%
1M
-24.61%
YTD
6.93%
6M
38.23%
1Y
167.25%
3Y*
60.46%
5Y*
26.45%
10Y*
20.38%

LAC.TO

1D
4.34%
1M
-19.86%
YTD
-7.37%
6M
-30.44%
1Y
42.16%
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Hudbay Minerals Inc.

Lithium Americas Corp.

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Often compared with LAC.TO:
LAC.TO vs. VGTLAC.TO vs. LIT

Return for Risk

HBM.TO vs. LAC.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
HBM.TO
HBM.TO Risk / Return Rank: 9494
Overall Rank
HBM.TO Sharpe Ratio Rank: 9797
Sharpe Ratio Rank
HBM.TO Sortino Ratio Rank: 9494
Sortino Ratio Rank
HBM.TO Omega Ratio Rank: 9393
Omega Ratio Rank
HBM.TO Calmar Ratio Rank: 9393
Calmar Ratio Rank
HBM.TO Martin Ratio Rank: 9595
Martin Ratio Rank
LAC.TO
LAC.TO Risk / Return Rank: 6363
Overall Rank
LAC.TO Sharpe Ratio Rank: 5353
Sharpe Ratio Rank
LAC.TO Sortino Ratio Rank: 7777
Sortino Ratio Rank
LAC.TO Omega Ratio Rank: 7171
Omega Ratio Rank
LAC.TO Calmar Ratio Rank: 5757
Calmar Ratio Rank
LAC.TO Martin Ratio Rank: 5454
Martin Ratio Rank
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.

HBM.TO vs. LAC.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hudbay Minerals Inc. (HBM.TO) and Lithium Americas Corp. (LAC.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.

HBM.TOLAC.TODifference

Sharpe ratio

Return per unit of total volatility

3.10

0.32

+2.78

Sortino ratio

Return per unit of downside risk

3.26

1.90

+1.36

Omega ratio

Gain probability vs. loss probability

1.44

1.22

+0.22

Calmar ratio

Return relative to maximum drawdown

4.60

0.67

+3.93

Martin ratio

Return relative to average drawdown

16.88

1.20

+15.68

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HBM.TO vs. LAC.TO - Sharpe Ratio Comparison

The current HBM.TO Sharpe Ratio is 3.10, which is higher than the LAC.TO Sharpe Ratio of 0.32. The chart below compares the historical Sharpe Ratios of HBM.TO and LAC.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.

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Sharpe Ratios by Period

HBM.TOLAC.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

3.10

0.32

+2.78

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.52

—

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.37

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.00

-0.34

+0.34

Correlation

The correlation between HBM.TO and LAC.TO is 0.42, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

HBM.TO vs. LAC.TO - Dividend Comparison

HBM.TO's dividend yield for the trailing twelve months is around 0.07%, while LAC.TO has not paid dividends to shareholders.

TTM20252024202320222021202020192018201720162015
HBM.TO
Hudbay Minerals Inc.		0.07%0.07%0.17%0.27%0.29%0.22%0.22%0.37%0.31%0.18%0.26%0.38%
LAC.TO
Lithium Americas Corp.		0.00%0.00%0.00%166.12%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

HBM.TO vs. LAC.TO - Drawdown Comparison

The maximum HBM.TO drawdown since its inception was -92.86%, which is greater than LAC.TO's maximum drawdown of -81.70%. Use the drawdown chart below to compare losses from any high point for HBM.TO and LAC.TO.

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Drawdown Indicators

HBM.TOLAC.TODifference

Max Drawdown

Largest peak-to-trough decline

-92.86%

-81.70%

-11.16%

Max Drawdown (1Y)

Largest decline over 1 year

-35.94%

-63.78%

+27.84%

Max Drawdown (5Y)

Largest decline over 5 years

-62.48%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-84.01%

—

—

Current Drawdown

Current decline from peak

-24.61%

-65.46%

+40.85%

Average Drawdown

Average peak-to-trough decline

-62.58%

-63.60%

+1.02%

Ulcer Index

Depth and duration of drawdowns from previous peaks

9.79%

35.47%

-25.68%

Volatility

HBM.TO vs. LAC.TO - Volatility Comparison

Hudbay Minerals Inc. (HBM.TO) has a higher volatility of 21.05% compared to Lithium Americas Corp. (LAC.TO) at 16.79%. This indicates that HBM.TO's price experiences larger fluctuations and is considered to be riskier than LAC.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

HBM.TOLAC.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

21.05%

16.79%

+4.26%

Volatility (6M)

Calculated over the trailing 6-month period

40.39%

71.98%

-31.59%

Volatility (1Y)

Calculated over the trailing 1-year period

54.36%

133.78%

-79.42%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

51.71%

103.01%

-51.30%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

55.99%

103.01%

-47.02%

Financials

HBM.TO vs. LAC.TO - Financials Comparison

This section allows you to compare key financial metrics between Hudbay Minerals Inc. and Lithium Americas Corp.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.

Quarterly
Annual

Total Revenue: Total amount of money received from sales and other business activities

0.00200.00M400.00M600.00M800.00MAprilJulyOctober2022AprilJulyOctober2023AprilJulyOctober2024AprilJulyOctober2025AprilJulyOctober
737.06M
0
(HBM.TO) Total Revenue
(LAC.TO) Total Revenue
Values in CAD except per share items