HYMC vs. AEM

Last updated Jun 3, 2026

HYMC (Hycroft Mining Holding Corporation) and AEM (Agnico Eagle Mines Limited) are both stocks. Both operate in the Gold industry within the Basic Materials sector. Over the past 5 years, HYMC returned -1.57%/yr vs 23.56%/yr for AEM. At a 0.33 correlation, their price movements are largely independent.

Performance

HYMC vs. AEM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hycroft Mining Holding Corporation (HYMC) and Agnico Eagle Mines Limited (AEM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HYMC achieves a 42.28% return, which is significantly higher than AEM's 6.00% return.

HYMC

• 1D: 2.98%
• 1M: -12.68%
• YTD: 42.28%
• 6M: 191.80%
• 1Y: 869.05%
• 3Y*: 115.74%
• 5Y*: -1.57%
• 10Y*: —

AEM

• 1D: 1.34%
• 1M: -2.28%
• YTD: 6.00%
• 6M: 5.85%
• 1Y: 45.33%
• 3Y*: 53.89%
• 5Y*: 23.56%
• 10Y*: 15.75%

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

HYMC vs. AEM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
HYMC Hycroft Mining Holding Corporation	42.28%	975.57%	-9.80%	-53.96%	-13.30%	-92.18%	-24.03%	4.59%	3.02%
AEM Agnico Eagle Mines Limited	6.00%	119.53%	46.04%	8.98%	1.08%	-22.81%	17.39%	54.18%	3.27%

Correlation

The correlation between HYMC and AEM is 0.55, 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	0.55
Correlation (3Y) Calculated over the trailing 3-year period	0.48
Correlation (5Y) Calculated over the trailing 5-year period	0.42
Correlation (All Time) Calculated using the full available price history since Mar 13, 2018	0.33

Over the past year, HYMC and AEM have become more correlated (0.55) than their long-term average of 0.33, meaning their price movements have been converging.

Fundamentals

Market Cap HYMC : $3.04B AEM : $89.78B
EPS HYMC : -$1.64 AEM : $10.60
PB Ratio HYMC : 13.56 AEM : 3.42
Total Revenue (TTM) HYMC : $0.00 AEM : $13.51B
Gross Profit (TTM) HYMC : -$4.65M AEM : $8.28B
EBITDA (TTM) HYMC : -$69.17M AEM : $9.72B

Return for Risk

HYMC vs. AEM — Risk / Return Rank

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

HYMC

HYMC Risk / Return Rank: 98
HYMC Sharpe Ratio Rank: 99
HYMC Sortino Ratio Rank: 96
HYMC Omega Ratio Rank: 95
HYMC Calmar Ratio Rank: 99
HYMC Martin Ratio Rank: 99

AEM

AEM Risk / Return Rank: 69
AEM Sharpe Ratio Rank: 72
AEM Sortino Ratio Rank: 65
AEM Omega Ratio Rank: 66
AEM Calmar Ratio Rank: 71
AEM Martin Ratio Rank: 72

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.

HYMC vs. AEM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hycroft Mining Holding Corporation (HYMC) 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.

	HYMC	AEM	Difference
Sharpe ratio Return per unit of total volatility	7.40	1.06	+6.34
Sortino ratio Return per unit of downside risk	4.53	1.50	+3.03
Omega ratio Gain probability vs. loss probability	1.57	1.20	+0.36
Calmar ratio Return relative to maximum drawdown	21.77	1.70	+20.07
Martin ratio Return relative to average drawdown	46.40	4.26	+42.14
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HYMC vs. AEM - Sharpe Ratio Comparison

The current HYMC Sharpe Ratio is 7.40, which is higher than the AEM Sharpe Ratio of 1.06. The chart below compares the historical Sharpe Ratios of HYMC and AEM, 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

	HYMC	AEM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	7.40	1.06	+6.34
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.01	0.64	-0.65
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.42	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.10	0.17	-0.27

Drawdowns

HYMC vs. AEM - Drawdown Comparison

The maximum HYMC drawdown since its inception was -98.89%, which is greater than AEM's maximum drawdown of -90.49%. Use the drawdown chart below to compare losses from any high point for HYMC and AEM.

Drawdown Indicators

	HYMC	AEM	Difference
Max Drawdown Largest peak-to-trough decline	-98.89%	-90.49%	-8.40%
Max Drawdown (1Y) Largest decline over 1 year	-46.18%	-31.24%	-14.94%
Max Drawdown (3Y) Largest decline over 3 years	-63.45%	-31.24%	-32.21%
Max Drawdown (5Y) Largest decline over 5 years	-95.39%	-46.22%	-49.17%
Max Drawdown (10Y) Largest decline over 10 years	—	-53.86%	—
Current Drawdown Current decline from peak	-78.62%	-28.87%	-49.75%
Average Drawdown Average peak-to-trough decline	-63.32%	-46.66%	-16.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	21.66%	12.46%	+9.20%

Volatility

HYMC vs. AEM - Volatility Comparison

Hycroft Mining Holding Corporation (HYMC) has a higher volatility of 26.26% compared to Agnico Eagle Mines Limited (AEM) at 13.21%. This indicates that HYMC's price experiences larger fluctuations and is considered to be riskier than AEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HYMC	AEM	Difference
Volatility (1M) Calculated over the trailing 1-month period	26.26%	13.21%	+13.05%
Volatility (6M) Calculated over the trailing 6-month period	93.43%	34.36%	+59.07%
Volatility (1Y) Calculated over the trailing 1-year period	119.34%	43.12%	+76.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	152.46%	36.78%	+115.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	123.04%	37.20%	+85.84%

Dividends

HYMC vs. AEM - Dividend Comparison

HYMC has not paid dividends to shareholders, while AEM's dividend yield for the trailing twelve months is around 0.95%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AEM Agnico Eagle Mines Limited	0.95%	0.94%	2.05%	2.92%	3.08%	2.63%	2.36%	0.89%	1.09%	0.89%	0.86%	1.22%
HYMC Hycroft Mining Holding Corporation	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both HYMC and AEM in my portfolio?

HYMC and AEM have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HYMC or AEM?

HYMC has higher volatility (26.26%) compared to AEM (13.21%). In terms of maximum drawdown, HYMC dropped -98.89% vs AEM's -90.49%.

Which has better risk-adjusted returns?

HYMC currently has the higher Sharpe Ratio (7.40 vs 1.06), 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.