IMO vs. FM.TO
IMO (Imperial Oil Limited) and FM.TO (First Quantum Minerals Ltd.) are both stocks. IMO operates in Oil & Gas Integrated (Energy), while FM.TO operates in Copper (Basic Materials). Over the past 10 years, IMO returned 17.61%/yr vs 17.35%/yr for FM.TO. At a 0.40 correlation, their price movements are largely independent.
Performance
IMO vs. FM.TO - Performance Comparison
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Different Trading Currencies
IMO is traded in USD, while FM.TO is traded in CAD. To make them comparable, the FM.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, IMO achieves a 41.99% return, which is significantly higher than FM.TO's 15.44% return. Both investments have delivered pretty close results over the past 10 years, with IMO having a 17.61% annualized return and FM.TO not far behind at 17.35%.
IMO
- 1D
- 0.26%
- 1M
- -7.42%
- YTD
- 41.99%
- 6M
- 33.35%
- 1Y
- 56.95%
- 3Y*
- 37.72%
- 5Y*
- 32.35%
- 10Y*
- 17.61%
FM.TO
- 1D
- 2.48%
- 1M
- 14.16%
- YTD
- 15.44%
- 6M
- 28.49%
- 1Y
- 102.26%
- 3Y*
- 10.93%
- 5Y*
- 5.45%
- 10Y*
- 17.35%
IMO vs. FM.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IMO Imperial Oil Limited | 41.99% | 43.85% | 10.47% | 20.89% | 38.00% | 95.29% | -25.37% | 7.16% | -17.21% | -8.36% |
FM.TO First Quantum Minerals Ltd. | 15.44% | 108.10% | 57.45% | -60.47% | -11.57% | 32.59% | 77.91% | 24.54% | -42.14% | 41.59% |
Correlation
The correlation between IMO and FM.TO is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Jul 12, 2006 | 0.40 |
Over the past year, the correlation between IMO and FM.TO has dropped to 0.11 - well below their long-term average of 0.40, suggesting their price drivers have been diverging.
Fundamentals
IMO:
$58.80B
FM.TO:
CA$36.11B
IMO:
$5.87
FM.TO:
-$0.24
IMO:
1.30
FM.TO:
4.76
IMO:
2.58
FM.TO:
2.33
IMO:
$46.55B
FM.TO:
$5.43B
IMO:
$7.69B
FM.TO:
$1.39B
IMO:
$6.36B
FM.TO:
$1.71B
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Return for Risk
IMO vs. FM.TO — Risk / Return Rank
IMO
FM.TO
IMO vs. FM.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Imperial Oil Limited (IMO) and First Quantum Minerals Ltd. (FM.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.
| IMO | FM.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.33 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.47 | 3.31 | +0.15 |
| Martin ratioReturn relative to average drawdown | 10.04 | 9.41 | +0.63 |
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Drawdowns
IMO vs. FM.TO - Drawdown Comparison
The maximum IMO drawdown since its inception was -84.82%, smaller than the maximum FM.TO drawdown of -93.92%. Use the drawdown chart below to compare losses from any high point for IMO and FM.TO.
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Drawdown Indicators
| IMO | FM.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.82% | -93.92% | +9.10% |
Max Drawdown (1Y)Largest decline over 1 year | -16.51% | -31.04% | +14.53% |
Max Drawdown (3Y)Largest decline over 3 years | -22.95% | -75.86% | +52.91% |
Max Drawdown (5Y)Largest decline over 5 years | -29.72% | -79.95% | +50.23% |
Max Drawdown (10Y)Largest decline over 10 years | -76.96% | -80.21% | +3.25% |
Current DrawdownCurrent decline from peak | -11.88% | -12.50% | +0.62% |
Average DrawdownAverage peak-to-trough decline | -21.19% | -44.57% | +23.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.69% | 10.91% | -5.22% |
Volatility
IMO vs. FM.TO - Volatility Comparison
The current volatility for Imperial Oil Limited (IMO) is 9.97%, while First Quantum Minerals Ltd. (FM.TO) has a volatility of 21.10%. This indicates that IMO experiences smaller price fluctuations and is considered to be less risky than FM.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IMO | FM.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.97% | 21.10% | -11.13% |
Volatility (6M)Calculated over the trailing 6-month period | 22.21% | 40.32% | -18.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.31% | 48.05% | -20.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.66% | 58.25% | -25.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.55% | 60.89% | -25.34% |
Dividends
IMO vs. FM.TO - Dividend Comparison
IMO's dividend yield for the trailing twelve months is around 1.90%, while FM.TO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FM.TO First Quantum Minerals Ltd. | 0.00% | 0.00% | 0.00% | 1.94% | 0.58% | 0.03% | 0.04% | 0.08% | 0.09% | 0.06% | 0.11% | 1.58% |
IMO Imperial Oil Limited | 1.90% | 2.40% | 2.84% | 2.73% | 2.30% | 2.28% | 3.50% | 2.41% | 2.36% | 2.02% | 1.70% | 1.66% |
Financials
IMO vs. FM.TO - Financials Comparison
This section allows you to compare key financial metrics between Imperial Oil Limited and First Quantum Minerals Ltd.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
IMO vs. FM.TO - Profitability Comparison
IMO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Imperial Oil Limited reported a gross profit of 2.51B and revenue of 12.45B. Therefore, the gross margin over that period was 20.2%.
FM.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, First Quantum Minerals Ltd. reported a gross profit of 278.00M and revenue of 1.40B. Therefore, the gross margin over that period was 19.8%.
IMO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Imperial Oil Limited reported an operating income of 1.23B and revenue of 12.45B, resulting in an operating margin of 9.9%.
FM.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, First Quantum Minerals Ltd. reported an operating income of 190.00M and revenue of 1.40B, resulting in an operating margin of 13.5%.
IMO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Imperial Oil Limited reported a net income of 940.00M and revenue of 12.45B, resulting in a net margin of 7.6%.
FM.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, First Quantum Minerals Ltd. reported a net income of -196.00M and revenue of 1.40B, resulting in a net margin of -14.0%.
Frequently Asked Questions
IMO and FM.TO have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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