HYMC vs. AII.TO

Last updated Jul 1, 2026

HYMC (Hycroft Mining Holding Corporation) and AII.TO (Almonty Industries Inc.) are both stocks. Both are in the Basic Materials sector — HYMC in Gold, AII.TO in Other Industrial Metals & Mining. Over the past 5 years, HYMC returned -4.20%/yr vs 67.01%/yr for AII.TO. At a 0.14 correlation, their price movements are largely independent.

Performance

HYMC vs. AII.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hycroft Mining Holding Corporation (HYMC) and Almonty Industries Inc. (AII.TO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

HYMC is traded in USD, while AII.TO is traded in CAD. To make them comparable, the AII.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, HYMC achieves a -1.56% return, which is significantly lower than AII.TO's 87.33% return.

HYMC

• 1D: 0.09%
• 1M: -29.20%
• YTD: -1.56%
• 6M: -0.34%
• 1Y: 647.60%
• 3Y*: 99.37%
• 5Y*: -4.20%
• 10Y*: —

AII.TO

• 1D: 2.26%
• 1M: -16.76%
• YTD: 87.33%
• 6M: 86.46%
• 1Y: 124.10%
• 3Y*: 189.68%
• 5Y*: 67.01%
• 10Y*: 46.62%

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

HYMC vs. AII.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
HYMC Hycroft Mining Holding Corporation	-1.56%	975.57%	-9.80%	-53.96%	-13.30%	-92.18%	-24.03%	4.59%	3.35%
AII.TO Almonty Industries Inc.	87.33%	826.55%	55.36%	-18.65%	-28.15%	39.13%	56.08%	-32.61%	20.66%

Correlation

The correlation between HYMC and AII.TO is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.42
Correlation (3Y) Calculated over the trailing 3-year period	0.23
Correlation (5Y) Calculated over the trailing 5-year period	0.19
Correlation (All Time) Calculated using the full available price history since Mar 12, 2018	0.14

Over the past year, HYMC and AII.TO have become more correlated (0.42) than their long-term average of 0.14, meaning their price movements have been converging.

Fundamentals

Market Cap HYMC : $2.10B AII.TO : CA$6.53B
EPS HYMC : -$1.44 AII.TO : -CA$0.50
PB Ratio HYMC : 9.38 AII.TO : 18.33
Total Revenue (TTM) HYMC : $0.00 AII.TO : CA$50.01M
Gross Profit (TTM) HYMC : -$4.65M AII.TO : CA$14.63M
EBITDA (TTM) HYMC : -$69.17M AII.TO : -CA$120.84M

Return for Risk

HYMC vs. AII.TO — Risk / Return Rank

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

HYMC

HYMC Risk / Return Rank: 97
HYMC Sharpe Ratio Rank: 99
HYMC Sortino Ratio Rank: 96
HYMC Omega Ratio Rank: 94
HYMC Calmar Ratio Rank: 98
HYMC Martin Ratio Rank: 97

AII.TO

AII.TO Risk / Return Rank: 79
AII.TO Sharpe Ratio Rank: 81
AII.TO Sortino Ratio Rank: 78
AII.TO Omega Ratio Rank: 77
AII.TO Calmar Ratio Rank: 81
AII.TO Martin Ratio Rank: 78

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. AII.TO - Risk-Adjusted Trends Comparison

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

	HYMC	AII.TO	Difference
Sharpe ratio: Return per unit of total volatility	5.52	1.26	+4.26
Sortino ratio: Return per unit of downside risk	4.17	1.97	+2.19
Omega ratio: Gain probability vs. loss probability	1.50	1.25	+0.25
Calmar ratio: Return relative to maximum drawdown	10.70	2.26	+8.45
Martin ratio: Return relative to average drawdown	26.26	4.65	+21.61

HYMC vs. AII.TO - Sharpe Ratio Comparison

The current HYMC Sharpe Ratio is 5.52, which is higher than the AII.TO Sharpe Ratio of 1.26. The chart below compares the historical Sharpe Ratios of HYMC and AII.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

HYMC vs. AII.TO - Drawdown Comparison

The maximum HYMC drawdown since its inception was -98.89%, which is greater than AII.TO's maximum drawdown of -85.01%. Use the drawdown chart below to compare losses from any high point for HYMC and AII.TO.

Drawdown Indicators

	HYMC	AII.TO	Difference
Max Drawdown Largest peak-to-trough decline	-98.89%	-85.01%	-13.88%
Max Drawdown (1Y) Largest decline over 1 year	-61.07%	-55.32%	-5.75%
Max Drawdown (3Y) Largest decline over 3 years	-63.45%	-55.32%	-8.13%
Max Drawdown (5Y) Largest decline over 5 years	-93.90%	-62.74%	-31.16%
Max Drawdown (10Y) Largest decline over 10 years	—	-69.80%	—
Current Drawdown Current decline from peak	-85.21%	-29.47%	-55.74%
Average Drawdown Average peak-to-trough decline	-63.47%	-40.58%	-22.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	24.84%	26.78%	-1.94%

Volatility

HYMC vs. AII.TO - Volatility Comparison

The current volatility for Hycroft Mining Holding Corporation (HYMC) is 26.56%, while Almonty Industries Inc. (AII.TO) has a volatility of 31.27%. This indicates that HYMC experiences smaller price fluctuations and is considered to be less risky than AII.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HYMC	AII.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	26.56%	31.27%	-4.71%
Volatility (6M) Calculated over the trailing 6-month period	86.12%	67.66%	+18.46%
Volatility (1Y) Calculated over the trailing 1-year period	118.45%	99.43%	+19.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	152.82%	75.37%	+77.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	122.79%	75.68%	+47.11%

Dividends

HYMC vs. AII.TO - Dividend Comparison

Neither HYMC nor AII.TO has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both HYMC and AII.TO in my portfolio?

HYMC and AII.TO have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.