HL vs. ABX.TO
HL (Hecla Mining Company) and ABX.TO (Barrick Gold Corporation) are both stocks. Both are in the Basic Materials sector — HL in Other Precious Metals & Mining, ABX.TO in Gold. Over the past 10 years, HL returned 11.45%/yr vs 7.76%/yr for ABX.TO. A 0.62 correlation means they provide meaningful diversification when combined.
Performance
HL vs. ABX.TO - Performance Comparison
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Different Trading Currencies
HL is traded in USD, while ABX.TO is traded in CAD. To make them comparable, the ABX.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, HL achieves a -19.56% return, which is significantly lower than ABX.TO's -14.87% return. Over the past 10 years, HL has outperformed ABX.TO with an annualized return of 11.45%, while ABX.TO has yielded a comparatively lower 7.76% annualized return.
HL
- 1D
- 0.19%
- 1M
- -13.17%
- YTD
- -19.56%
- 6M
- -20.80%
- 1Y
- 157.90%
- 3Y*
- 44.78%
- 5Y*
- 16.35%
- 10Y*
- 11.45%
ABX.TO
- 1D
- -0.74%
- 1M
- -14.12%
- YTD
- -14.87%
- 6M
- -16.04%
- 1Y
- 81.15%
- 3Y*
- 32.47%
- 5Y*
- 15.70%
- 10Y*
- 7.76%
HL vs. ABX.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HL Hecla Mining Company | -19.56% | 291.70% | 2.82% | -12.93% | 6.99% | -18.97% | 91.83% | 44.43% | -40.37% | -24.08% |
ABX.TO Barrick Gold Corporation | -14.87% | 187.00% | -12.13% | 8.23% | -4.45% | -13.94% | 24.68% | 37.48% | -5.77% | -8.71% |
Correlation
The correlation between HL and ABX.TO is 0.65, 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 | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Jul 28, 2006 | 0.62 |
The correlation between HL and ABX.TO has been stable across timeframes, ranging from 0.58 to 0.65 - a consistent structural relationship.
Fundamentals
HL:
$10.42B
ABX.TO:
CA$87.35B
HL:
$0.83
ABX.TO:
$3.61
HL:
18.58
ABX.TO:
10.15
HL:
0.08
ABX.TO:
0.12
HL:
6.61
ABX.TO:
3.25
HL:
4.05
ABX.TO:
2.25
HL:
$1.57B
ABX.TO:
$19.02B
HL:
$788.95M
ABX.TO:
$10.15B
HL:
$864.40M
ABX.TO:
$12.44B
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Return for Risk
HL vs. ABX.TO — Risk / Return Rank
HL
ABX.TO
HL vs. ABX.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hecla Mining Company (HL) 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.
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.
| HL | ABX.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.39 | ||
| Sortino ratioReturn per unit of downside risk | +0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.30 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.85 | 2.71 | +0.14 |
| Martin ratioReturn relative to average drawdown | 5.91 | 6.15 | -0.24 |
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Drawdowns
HL vs. ABX.TO - Drawdown Comparison
The maximum HL drawdown since its inception was -97.92%, which is greater than ABX.TO's maximum drawdown of -88.56%. Use the drawdown chart below to compare losses from any high point for HL and ABX.TO.
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Drawdown Indicators
| HL | ABX.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.92% | -88.56% | -9.36% |
Max Drawdown (1Y)Largest decline over 1 year | -55.81% | -30.10% | -25.71% |
Max Drawdown (3Y)Largest decline over 3 years | -55.81% | -30.10% | -25.71% |
Max Drawdown (5Y)Largest decline over 5 years | -55.81% | -46.90% | -8.91% |
Max Drawdown (10Y)Largest decline over 10 years | -82.45% | -57.25% | -25.20% |
Current DrawdownCurrent decline from peak | -51.47% | -29.71% | -21.76% |
Average DrawdownAverage peak-to-trough decline | -69.91% | -48.24% | -21.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 26.84% | 13.24% | +13.60% |
Volatility
HL vs. ABX.TO - Volatility Comparison
Hecla Mining Company (HL) has a higher volatility of 21.36% compared to Barrick Gold Corporation (ABX.TO) at 15.23%. This indicates that HL'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.
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Volatility by Period
| HL | ABX.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.36% | 15.23% | +6.13% |
Volatility (6M)Calculated over the trailing 6-month period | 54.58% | 35.69% | +18.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 73.45% | 45.91% | +27.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 59.39% | 35.57% | +23.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 62.83% | 36.48% | +26.35% |
Dividends
HL vs. ABX.TO - Dividend Comparison
HL's dividend yield for the trailing twelve months is around 0.10%, less than ABX.TO's 2.42% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ABX.TO Barrick Gold Corporation | 2.42% | 1.22% | 2.46% | 2.27% | 5.06% | 3.96% | 1.33% | 0.60% | 0.65% | 0.72% | 0.47% | 1.43% |
HL Hecla Mining Company | 0.10% | 0.08% | 0.81% | 0.65% | 0.40% | 0.72% | 0.25% | 0.29% | 0.42% | 0.25% | 0.19% | 0.53% |
Financials
HL vs. ABX.TO - Financials Comparison
This section allows you to compare key financial metrics between Hecla Mining Company and Barrick Gold Corporation. 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
HL vs. ABX.TO - Profitability Comparison
HL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Hecla Mining Company reported a gross profit of 253.26M and revenue of 411.43M. Therefore, the gross margin over that period was 61.6%.
ABX.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Barrick Gold Corporation reported a gross profit of 2.97B and revenue of 5.16B. Therefore, the gross margin over that period was 57.5%.
HL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Hecla Mining Company reported an operating income of 223.11M and revenue of 411.43M, resulting in an operating margin of 54.2%.
ABX.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Barrick Gold Corporation reported an operating income of 2.93B and revenue of 5.16B, resulting in an operating margin of 56.7%.
HL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Hecla Mining Company reported a net income of 266.45M and revenue of 411.43M, resulting in a net margin of 64.8%.
ABX.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Barrick Gold Corporation reported a net income of 1.58B and revenue of 5.16B, resulting in a net margin of 30.5%.
Frequently Asked Questions
HL and ABX.TO have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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