IAG vs. AGI

Last updated Jun 13, 2026

IAG (IAMGOLD Corporation) and AGI (Alamos Gold Inc.) are both stocks. Both operate in the Gold industry within the Basic Materials sector. Over the past 10 years, IAG returned 16.20%/yr vs 17.27%/yr for AGI. A 0.60 correlation means they provide meaningful diversification when combined.

Performance

IAG vs. AGI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in IAMGOLD Corporation (IAG) and Alamos Gold Inc. (AGI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IAG achieves a 0.97% return, which is significantly higher than AGI's -8.58% return. Over the past 10 years, IAG has underperformed AGI with an annualized return of 16.20%, while AGI has yielded a comparatively higher 17.27% annualized return.

IAG

• 1D: 3.16%
• 1M: -11.39%
• YTD: 0.97%
• 6M: 5.11%
• 1Y: 120.82%
• 3Y*: 80.32%
• 5Y*: 35.17%
• 10Y*: 16.20%

AGI

• 1D: 2.06%
• 1M: -19.26%
• YTD: -8.58%
• 6M: -8.36%
• 1Y: 28.45%
• 3Y*: 42.45%
• 5Y*: 33.02%
• 10Y*: 17.27%

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

IAG vs. AGI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IAG IAMGOLD Corporation	0.97%	219.57%	103.95%	-1.94%	-17.57%	-14.71%	-1.61%	1.36%	-36.88%	51.43%
AGI Alamos Gold Inc.	-8.58%	109.93%	37.72%	34.33%	33.11%	-11.00%	46.75%	68.42%	-44.49%	-4.57%

Correlation

The correlation between IAG and AGI is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.82
Correlation (3Y) Calculated over the trailing 3-year period	0.78
Correlation (5Y) Calculated over the trailing 5-year period	0.77
Correlation (10Y) Calculated over the trailing 10-year period	0.74
Correlation (All Time) Calculated using the full available price history since Jul 15, 2003	0.60

Over the past year, IAG and AGI have become more correlated (0.82) than their long-term average of 0.60, meaning their price movements have been converging.

Fundamentals

Market Cap IAG : $9.89B AGI : $14.85B
EPS IAG : $1.73 AGI : $2.52
PE Ratio IAG : 9.63 AGI : 13.99
PEG Ratio IAG : 0.06 AGI : 0.09
PS Ratio IAG : 2.84 AGI : 7.19
PB Ratio IAG : 2.28 AGI : 3.21
Total Revenue (TTM) IAG : $3.42B AGI : $2.07B
Gross Profit (TTM) IAG : $1.64B AGI : $1.22B
EBITDA (TTM) IAG : $1.97B AGI : $1.43B

Return for Risk

IAG vs. AGI — Risk / Return Rank

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

IAG

IAG Risk / Return Rank: 85
IAG Sharpe Ratio Rank: 89
IAG Sortino Ratio Rank: 83
IAG Omega Ratio Rank: 83
IAG Calmar Ratio Rank: 84
IAG Martin Ratio Rank: 84

AGI

AGI Risk / Return Rank: 59
AGI Sharpe Ratio Rank: 62
AGI Sortino Ratio Rank: 57
AGI Omega Ratio Rank: 57
AGI Calmar Ratio Rank: 59
AGI Martin Ratio Rank: 63

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.

IAG vs. AGI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for IAMGOLD Corporation (IAG) and Alamos Gold Inc. (AGI). 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.

	IAG	AGI	Difference
Sharpe ratio: Return per unit of total volatility	1.96	0.55	+1.41
Sortino ratio: Return per unit of downside risk	2.37	1.02	+1.35
Omega ratio: Gain probability vs. loss probability	1.31	1.13	+0.18
Calmar ratio: Return relative to maximum drawdown	3.07	0.71	+2.36
Martin ratio: Return relative to average drawdown	7.68	2.03	+5.65

IAG vs. AGI - Sharpe Ratio Comparison

The current IAG Sharpe Ratio is 1.96, which is higher than the AGI Sharpe Ratio of 0.55. The chart below compares the historical Sharpe Ratios of IAG and AGI, 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

IAG vs. AGI - Drawdown Comparison

The maximum IAG drawdown since its inception was -95.55%, which is greater than AGI's maximum drawdown of -88.13%. Use the drawdown chart below to compare losses from any high point for IAG and AGI.

Drawdown Indicators

	IAG	AGI	Difference
Max Drawdown Largest peak-to-trough decline	-95.55%	-88.13%	-7.42%
Max Drawdown (1Y) Largest decline over 1 year	-39.60%	-40.29%	+0.69%
Max Drawdown (3Y) Largest decline over 3 years	-39.60%	-40.29%	+0.69%
Max Drawdown (5Y) Largest decline over 5 years	-73.69%	-40.29%	-33.40%
Max Drawdown (10Y) Largest decline over 10 years	-86.46%	-71.13%	-15.33%
Current Drawdown Current decline from peak	-32.23%	-36.25%	+4.02%
Average Drawdown Average peak-to-trough decline	-56.18%	-37.73%	-18.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.80%	14.05%	+1.75%

Volatility

IAG vs. AGI - Volatility Comparison

IAMGOLD Corporation (IAG) has a higher volatility of 20.86% compared to Alamos Gold Inc. (AGI) at 17.80%. This indicates that IAG's price experiences larger fluctuations and is considered to be riskier than AGI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IAG	AGI	Difference
Volatility (1M) Calculated over the trailing 1-month period	20.86%	17.80%	+3.06%
Volatility (6M) Calculated over the trailing 6-month period	49.19%	43.01%	+6.18%
Volatility (1Y) Calculated over the trailing 1-year period	61.99%	51.64%	+10.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	60.55%	41.39%	+19.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	58.65%	48.44%	+10.21%

Dividends

IAG vs. AGI - Dividend Comparison

IAG has not paid dividends to shareholders, while AGI's dividend yield for the trailing twelve months is around 0.37%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AGI Alamos Gold Inc.	0.37%	0.26%	0.54%	0.74%	0.99%	1.30%	0.74%	0.66%	0.56%	0.31%	0.29%	1.22%
IAG IAMGOLD 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

IAG vs. AGI - Profitability Comparison

The chart below illustrates the profitability comparison between IAMGOLD Corporation and Alamos Gold Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

IAG - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, IAMGOLD Corporation reported a gross profit of 570.70M and revenue of 1.03B. Therefore, the gross margin over that period was 55.4%.

AGI - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Alamos Gold Inc. reported a gross profit of 376.02M and revenue of 588.43M. Therefore, the gross margin over that period was 63.9%.

IAG - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, IAMGOLD Corporation reported an operating income of 544.70M and revenue of 1.03B, resulting in an operating margin of 52.9%.

AGI - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Alamos Gold Inc. reported an operating income of 337.66M and revenue of 588.43M, resulting in an operating margin of 57.4%.

IAG - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, IAMGOLD Corporation reported a net income of 379.70M and revenue of 1.03B, resulting in a net margin of 36.9%.

AGI - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Alamos Gold Inc. reported a net income of 188.75M and revenue of 588.43M, resulting in a net margin of 32.1%.

Frequently Asked Questions

Can I hold both IAG and AGI in my portfolio?

IAG and AGI have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IAG or AGI?

IAG has higher volatility (20.86%) compared to AGI (17.80%). In terms of maximum drawdown, IAG dropped -95.55% vs AGI's -88.13%.

Which has better risk-adjusted returns?

IAG currently has the higher Sharpe Ratio (1.96 vs 0.55), 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.