HMY vs. WDO.TO
HMY (Harmony Gold Mining Company Limited) and WDO.TO (Wesdome Gold Mines Ltd.) are both stocks. Both operate in the Gold industry within the Basic Materials sector. Over the past 10 years, HMY returned 16.88%/yr vs 30.09%/yr for WDO.TO. At a 0.39 correlation, their price movements are largely independent.
Performance
HMY vs. WDO.TO - Performance Comparison
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Different Trading Currencies
HMY is traded in USD, while WDO.TO is traded in CAD. To make them comparable, the WDO.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, HMY achieves a -21.43% return, which is significantly lower than WDO.TO's 9.05% return. Over the past 10 years, HMY has underperformed WDO.TO with an annualized return of 16.88%, while WDO.TO has yielded a comparatively higher 30.09% annualized return.
HMY
- 1D
- -2.36%
- 1M
- -13.77%
- YTD
- -21.43%
- 6M
- -16.57%
- 1Y
- 7.92%
- 3Y*
- 53.04%
- 5Y*
- 28.64%
- 10Y*
- 16.88%
WDO.TO
- 1D
- 2.57%
- 1M
- -11.94%
- YTD
- 9.05%
- 6M
- 16.14%
- 1Y
- 26.00%
- 3Y*
- 49.23%
- 5Y*
- 12.30%
- 10Y*
- 30.09%
HMY vs. WDO.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HMY Harmony Gold Mining Company Limited | -21.43% | 145.47% | 35.39% | 82.51% | -16.42% | -10.25% | 28.93% | 102.79% | -4.28% | -12.94% |
WDO.TO Wesdome Gold Mines Ltd. | 9.05% | 84.57% | 54.37% | 5.59% | -38.89% | 8.43% | 6.96% | 139.44% | 93.67% | 8.29% |
Correlation
The correlation between HMY and WDO.TO is 0.56, 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 | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.56 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Jul 7, 2006 | 0.39 |
The correlation between HMY and WDO.TO shifts across timeframes, from 0.39 (all time) to 0.56 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
HMY:
$9.69B
WDO.TO:
CA$3.83B
HMY:
$41.64
WDO.TO:
CA$2.68
HMY:
0.37
WDO.TO:
9.42
HMY:
0.00
WDO.TO:
0.11
HMY:
0.06
WDO.TO:
3.72
HMY:
0.19
WDO.TO:
3.75
HMY:
$150.28B
WDO.TO:
CA$1.03B
HMY:
$57.55B
WDO.TO:
CA$636.67M
HMY:
$55.56B
WDO.TO:
CA$694.56M
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Return for Risk
HMY vs. WDO.TO — Risk / Return Rank
HMY
WDO.TO
HMY vs. WDO.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Harmony Gold Mining Company Limited (HMY) and Wesdome Gold Mines Ltd. (WDO.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.
| HMY | WDO.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.39 | ||
| Sortino ratioReturn per unit of downside risk | -0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.13 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.16 | 1.19 | -1.03 |
| Martin ratioReturn relative to average drawdown | 0.37 | 2.35 | -1.97 |
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
| HMY | WDO.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.12 | 0.51 | -0.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.49 | 0.26 | +0.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.28 | 0.57 | -0.29 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.05 | 0.20 | -0.15 |
Drawdowns
HMY vs. WDO.TO - Drawdown Comparison
The maximum HMY drawdown since its inception was -97.04%, which is greater than WDO.TO's maximum drawdown of -89.89%. Use the drawdown chart below to compare losses from any high point for HMY and WDO.TO.
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Drawdown Indicators
| HMY | WDO.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.04% | -89.89% | -7.15% |
Max Drawdown (1Y)Largest decline over 1 year | -48.85% | -21.89% | -26.96% |
Max Drawdown (3Y)Largest decline over 3 years | -48.85% | -24.45% | -24.40% |
Max Drawdown (5Y)Largest decline over 5 years | -62.48% | -64.89% | +2.41% |
Max Drawdown (10Y)Largest decline over 10 years | -71.05% | -64.89% | -6.16% |
Current DrawdownCurrent decline from peak | -39.96% | -19.89% | -20.07% |
Average DrawdownAverage peak-to-trough decline | -52.76% | -37.00% | -15.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.37% | 11.11% | +10.26% |
Volatility
HMY vs. WDO.TO - Volatility Comparison
Harmony Gold Mining Company Limited (HMY) and Wesdome Gold Mines Ltd. (WDO.TO) have volatilities of 19.79% and 19.64%, 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
| HMY | WDO.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.79% | 19.64% | +0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 48.34% | 40.28% | +8.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 64.38% | 50.96% | +13.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 58.49% | 48.06% | +10.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 61.19% | 53.50% | +7.69% |
Dividends
HMY vs. WDO.TO - Dividend Comparison
HMY's dividend yield for the trailing twelve months is around 2.62%, while WDO.TO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
HMY Harmony Gold Mining Company Limited | 2.62% | 1.07% | 1.59% | 0.66% | 1.14% | 2.23% | 0.00% | 0.00% | 0.00% | 3.13% | 1.37% |
WDO.TO Wesdome Gold Mines Ltd. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
HMY vs. WDO.TO - Financials Comparison
This section allows you to compare key financial metrics between Harmony Gold Mining Company Limited and Wesdome Gold Mines Ltd.. 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
HMY vs. WDO.TO - Profitability Comparison
HMY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Harmony Gold Mining Company Limited reported a gross profit of 20.53B and revenue of 46.57B. Therefore, the gross margin over that period was 44.1%.
WDO.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Wesdome Gold Mines Ltd. reported a gross profit of 188.53M and revenue of 299.79M. Therefore, the gross margin over that period was 62.9%.
HMY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Harmony Gold Mining Company Limited reported an operating income of 19.36B and revenue of 46.57B, resulting in an operating margin of 41.6%.
WDO.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Wesdome Gold Mines Ltd. reported an operating income of 177.51M and revenue of 299.79M, resulting in an operating margin of 59.2%.
HMY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Harmony Gold Mining Company Limited reported a net income of 9.29B and revenue of 46.57B, resulting in a net margin of 19.9%.
WDO.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Wesdome Gold Mines Ltd. reported a net income of 118.88M and revenue of 299.79M, resulting in a net margin of 39.7%.
Frequently Asked Questions
HMY and WDO.TO have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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