IMG.TO vs. CNL

Last updated Apr 1, 2026

Compare and contrast key facts about IAMGOLD Corporation (IMG.TO) and Collective Mining Ltd (CNL).

Performance

IMG.TO vs. CNL - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in IAMGOLD Corporation (IMG.TO) and Collective Mining Ltd (CNL). The values are adjusted to include any dividend payments, if applicable.

IMG.TO vs. CNL - Yearly Performance Comparison

	2026 (YTD)	2025	2024
IMG.TO IAMGOLD Corporation	15.50%	204.85%	32.21%
CNL Collective Mining Ltd	22.33%	234.63%	63.77%

Different Trading Currencies

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

Fundamentals

Market Cap IMG.TO : CA$15.20B CNL : $1.49B
EPS IMG.TO : CA$1.15 CNL : -$0.56
PB Ratio IMG.TO : 3.63 CNL : 24.51
Total Revenue (TTM) IMG.TO : CA$2.87B CNL : $0.00
Gross Profit (TTM) IMG.TO : CA$1.21B CNL : -$314.79K
EBITDA (TTM) IMG.TO : CA$1.51B CNL : -$44.95M

Returns By Period

In the year-to-date period, IMG.TO achieves a 15.50% return, which is significantly lower than CNL's 22.33% return.

IMG.TO

• 1D: 7.26%
• 1M: -22.05%
• YTD: 15.50%
• 6M: 45.49%
• 1Y: 191.31%
• 3Y*: 92.10%
• 5Y*: 46.03%
• 10Y*: 24.43%

CNL

• 1D: 9.53%
• 1M: -13.50%
• YTD: 22.33%
• 6M: 21.76%
• 1Y: 95.90%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

Return for Risk

IMG.TO vs. CNL — Risk / Return Rank

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

IMG.TO

IMG.TO Risk / Return Rank: 94
IMG.TO Sharpe Ratio Rank: 97
IMG.TO Sortino Ratio Rank: 92
IMG.TO Omega Ratio Rank: 92
IMG.TO Calmar Ratio Rank: 95
IMG.TO Martin Ratio Rank: 95

CNL

CNL Risk / Return Rank: 82
CNL Sharpe Ratio Rank: 84
CNL Sortino Ratio Rank: 80
CNL Omega Ratio Rank: 76
CNL Calmar Ratio Rank: 87
CNL Martin Ratio Rank: 83

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.

IMG.TO vs. CNL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for IAMGOLD Corporation (IMG.TO) and Collective Mining Ltd (CNL). 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.

	IMG.TO	CNL	Difference
Sharpe ratio Return per unit of total volatility	3.19	1.44	+1.76
Sortino ratio Return per unit of downside risk	3.13	2.02	+1.11
Omega ratio Gain probability vs. loss probability	1.43	1.24	+0.19
Calmar ratio Return relative to maximum drawdown	5.57	3.10	+2.47
Martin ratio Return relative to average drawdown	16.49	6.70	+9.79
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IMG.TO vs. CNL - Sharpe Ratio Comparison

The current IMG.TO Sharpe Ratio is 3.19, which is higher than the CNL Sharpe Ratio of 1.44. The chart below compares the historical Sharpe Ratios of IMG.TO and CNL, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	IMG.TO	CNL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.19	1.44	+1.76
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.81	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.43	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.10	3.32	-3.23

Correlation

The correlation between IMG.TO and CNL is 0.44, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

IMG.TO vs. CNL - Dividend Comparison

Neither IMG.TO nor CNL has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

IMG.TO vs. CNL - Drawdown Comparison

The maximum IMG.TO drawdown since its inception was -93.92%, which is greater than CNL's maximum drawdown of -32.52%. Use the drawdown chart below to compare losses from any high point for IMG.TO and CNL.

Drawdown Indicators

	IMG.TO	CNL	Difference
Max Drawdown Largest peak-to-trough decline	-93.92%	-33.29%	-60.63%
Max Drawdown (1Y) Largest decline over 1 year	-34.15%	-33.29%	-0.86%
Max Drawdown (5Y) Largest decline over 5 years	-71.43%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-84.65%	—	—
Current Drawdown Current decline from peak	-22.05%	-15.17%	-6.88%
Average Drawdown Average peak-to-trough decline	-50.78%	-9.17%	-41.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.55%	15.41%	-3.86%

Volatility

IMG.TO vs. CNL - Volatility Comparison

The current volatility for IAMGOLD Corporation (IMG.TO) is 19.92%, while Collective Mining Ltd (CNL) has a volatility of 27.15%. This indicates that IMG.TO experiences smaller price fluctuations and is considered to be less risky than CNL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IMG.TO	CNL	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.92%	27.15%	-7.23%
Volatility (6M) Calculated over the trailing 6-month period	46.53%	52.90%	-6.37%
Volatility (1Y) Calculated over the trailing 1-year period	60.28%	67.19%	-6.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	57.07%	63.48%	-6.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	56.78%	63.48%	-6.70%

Financials