IDMO vs. AEM.TO

Last updated Jun 14, 2026

IDMO (Invesco S&P International Developed Momentum ETF) is Momentum fund tracking the S&P Momentum Developed ex U.S. & South Korea LargeMidCap Index, while AEM.TO (Agnico Eagle Mines Limited) is a stock. Over the past 10 years, IDMO returned 12.64%/yr vs 14.42%/yr for AEM.TO. At a 0.14 correlation, their price movements are largely independent.

Performance

IDMO vs. AEM.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P International Developed Momentum ETF (IDMO) and Agnico Eagle Mines Limited (AEM.TO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

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

Returns By Period

In the year-to-date period, IDMO achieves a 8.17% return, which is significantly higher than AEM.TO's -3.83% return. Over the past 10 years, IDMO has underperformed AEM.TO with an annualized return of 12.64%, while AEM.TO has yielded a comparatively higher 14.42% annualized return.

IDMO

• 1D: 1.36%
• 1M: 1.48%
• YTD: 8.17%
• 6M: 10.09%
• 1Y: 24.72%
• 3Y*: 25.21%
• 5Y*: 15.50%
• 10Y*: 12.64%

AEM.TO

• 1D: 3.21%
• 1M: -15.39%
• YTD: -3.83%
• 6M: -2.79%
• 1Y: 32.07%
• 3Y*: 51.16%
• 5Y*: 20.56%
• 10Y*: 14.42%

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

IDMO vs. AEM.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IDMO Invesco S&P International Developed Momentum ETF	8.17%	42.17%	12.79%	20.16%	-12.03%	14.31%	22.01%	26.09%	-16.66%	29.21%
AEM.TO Agnico Eagle Mines Limited	-3.83%	119.66%	46.16%	9.25%	1.57%	-23.52%	16.40%	52.88%	-11.65%	11.09%

Correlation

The correlation between IDMO and AEM.TO is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.41
Correlation (3Y) Calculated over the trailing 3-year period	0.35
Correlation (5Y) Calculated over the trailing 5-year period	0.29
Correlation (10Y) Calculated over the trailing 10-year period	0.19
Correlation (All Time) Calculated using the full available price history since Feb 24, 2012	0.14

Over the past year, IDMO and AEM.TO have become more correlated (0.41) than their long-term average of 0.14, meaning their price movements have been converging.

Return for Risk

IDMO vs. AEM.TO — Risk / Return Rank

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

IDMO

IDMO Risk / Return Rank: 44
IDMO Sharpe Ratio Rank: 42
IDMO Sortino Ratio Rank: 43
IDMO Omega Ratio Rank: 42
IDMO Calmar Ratio Rank: 43
IDMO Martin Ratio Rank: 51

AEM.TO

AEM.TO Risk / Return Rank: 66
AEM.TO Sharpe Ratio Rank: 71
AEM.TO Sortino Ratio Rank: 64
AEM.TO Omega Ratio Rank: 65
AEM.TO Calmar Ratio Rank: 63
AEM.TO Martin Ratio Rank: 67

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.

IDMO vs. AEM.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P International Developed Momentum ETF (IDMO) and Agnico Eagle Mines Limited (AEM.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.

	IDMO	AEM.TO	Difference
Sharpe ratio: Return per unit of total volatility	1.30	0.81	+0.49
Sortino ratio: Return per unit of downside risk	1.93	1.25	+0.67
Omega ratio: Gain probability vs. loss probability	1.24	1.17	+0.07
Calmar ratio: Return relative to maximum drawdown	1.89	0.89	+0.99
Martin ratio: Return relative to average drawdown	7.64	2.54	+5.10

IDMO vs. AEM.TO - Sharpe Ratio Comparison

The current IDMO Sharpe Ratio is 1.30, which is higher than the AEM.TO Sharpe Ratio of 0.81. The chart below compares the historical Sharpe Ratios of IDMO and AEM.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

IDMO vs. AEM.TO - Drawdown Comparison

The maximum IDMO drawdown since its inception was -39.38%, smaller than the maximum AEM.TO drawdown of -74.20%. Use the drawdown chart below to compare losses from any high point for IDMO and AEM.TO.

Drawdown Indicators

	IDMO	AEM.TO	Difference
Max Drawdown Largest peak-to-trough decline	-39.38%	-74.20%	+34.82%
Max Drawdown (1Y) Largest decline over 1 year	-12.31%	-39.50%	+27.19%
Max Drawdown (3Y) Largest decline over 3 years	-12.65%	-39.50%	+26.85%
Max Drawdown (5Y) Largest decline over 5 years	-27.07%	-44.23%	+17.16%
Max Drawdown (10Y) Largest decline over 10 years	-31.34%	-54.30%	+22.96%
Current Drawdown Current decline from peak	-1.92%	-35.32%	+33.40%
Average Drawdown Average peak-to-trough decline	-9.74%	-34.34%	+24.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.04%	13.89%	-10.85%

Volatility

IDMO vs. AEM.TO - Volatility Comparison

The current volatility for Invesco S&P International Developed Momentum ETF (IDMO) is 7.92%, while Agnico Eagle Mines Limited (AEM.TO) has a volatility of 15.84%. This indicates that IDMO experiences smaller price fluctuations and is considered to be less risky than AEM.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IDMO	AEM.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.92%	15.84%	-7.92%
Volatility (6M) Calculated over the trailing 6-month period	16.02%	35.51%	-19.49%
Volatility (1Y) Calculated over the trailing 1-year period	17.92%	43.83%	-25.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.03%	35.77%	-17.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.18%	36.46%	-18.28%

Dividends

IDMO vs. AEM.TO - Dividend Comparison

IDMO's dividend yield for the trailing twelve months is around 3.52%, more than AEM.TO's 1.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AEM.TO Agnico Eagle Mines Limited	1.03%	0.97%	1.95%	2.98%	2.81%	2.08%	1.34%	0.81%	0.80%	0.77%	0.75%	0.95%
IDMO Invesco S&P International Developed Momentum ETF	3.52%	3.71%	2.24%	2.89%	3.66%	1.81%	1.63%	2.78%	3.27%	3.08%	2.18%	2.52%

Frequently Asked Questions

Can I hold both IDMO and AEM.TO in my portfolio?

IDMO and AEM.TO have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.