INOD vs. WDO.TO
INOD (Innodata Inc.) and WDO.TO (Wesdome Gold Mines Ltd.) are both stocks. INOD operates in Information Technology Services (Technology), while WDO.TO operates in Gold (Basic Materials). Over the past 10 years, INOD returned 45.64%/yr vs 29.68%/yr for WDO.TO. At a 0.07 correlation, their price movements are largely independent.
Performance
INOD vs. WDO.TO - Performance Comparison
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Different Trading Currencies
INOD is traded in USD, while WDO.TO is traded in CAD. To make them comparable, the WDO.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, INOD achieves a 98.04% return, which is significantly higher than WDO.TO's 9.28% return. Over the past 10 years, INOD has outperformed WDO.TO with an annualized return of 45.64%, while WDO.TO has yielded a comparatively lower 29.68% annualized return.
INOD
- 1D
- -4.23%
- 1M
- 12.17%
- YTD
- 98.04%
- 6M
- 92.56%
- 1Y
- 137.86%
- 3Y*
- 114.32%
- 5Y*
- 69.37%
- 10Y*
- 45.64%
WDO.TO
- 1D
- 2.92%
- 1M
- -19.72%
- YTD
- 9.28%
- 6M
- 10.80%
- 1Y
- 25.43%
- 3Y*
- 49.20%
- 5Y*
- 11.75%
- 10Y*
- 29.68%
INOD vs. WDO.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
INOD Innodata Inc. | 98.04% | 28.92% | 385.50% | 174.54% | -49.92% | 11.70% | 364.91% | -24.00% | 10.29% | -44.49% |
WDO.TO Wesdome Gold Mines Ltd. | 9.28% | 84.57% | 54.37% | 5.59% | -38.89% | 8.43% | 6.96% | 139.44% | 93.67% | 8.29% |
Correlation
The correlation between INOD and WDO.TO is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Jul 12, 2006 | 0.07 |
Fundamentals
INOD:
$3.59B
WDO.TO:
CA$3.84B
INOD:
$1.11
WDO.TO:
CA$2.68
INOD:
90.91
WDO.TO:
9.47
INOD:
0.02
WDO.TO:
0.11
INOD:
12.60
WDO.TO:
3.74
INOD:
28.00
WDO.TO:
3.77
INOD:
$283.42M
WDO.TO:
CA$1.03B
INOD:
$76.88M
WDO.TO:
CA$636.67M
INOD:
$37.35M
WDO.TO:
CA$694.56M
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Return for Risk
INOD vs. WDO.TO — Risk / Return Rank
INOD
WDO.TO
INOD vs. WDO.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innodata Inc. (INOD) and Wesdome Gold Mines Ltd. (WDO.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.
| INOD | WDO.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.65 | ||
| Sortino ratioReturn per unit of downside risk | +1.67 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.12 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 2.20 | 0.95 | +1.25 |
| Martin ratioReturn relative to average drawdown | 3.97 | 2.22 | +1.75 |
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Drawdowns
INOD vs. WDO.TO - Drawdown Comparison
The maximum INOD drawdown since its inception was -95.47%, which is greater than WDO.TO's maximum drawdown of -89.89%. Use the drawdown chart below to compare losses from any high point for INOD and WDO.TO.
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Drawdown Indicators
| INOD | WDO.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.47% | -89.89% | -5.58% |
Max Drawdown (1Y)Largest decline over 1 year | -63.03% | -26.79% | -36.24% |
Max Drawdown (3Y)Largest decline over 3 years | -63.03% | -26.79% | -36.24% |
Max Drawdown (5Y)Largest decline over 5 years | -74.44% | -64.89% | -9.55% |
Max Drawdown (10Y)Largest decline over 10 years | -74.44% | -64.89% | -9.55% |
Current DrawdownCurrent decline from peak | -16.95% | -19.72% | +2.77% |
Average DrawdownAverage peak-to-trough decline | -60.07% | -37.01% | -23.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.83% | 11.46% | +23.37% |
Volatility
INOD vs. WDO.TO - Volatility Comparison
Innodata Inc. (INOD) has a higher volatility of 32.31% compared to Wesdome Gold Mines Ltd. (WDO.TO) at 21.13%. This indicates that INOD's price experiences larger fluctuations and is considered to be riskier than WDO.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| INOD | WDO.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 32.31% | 21.13% | +11.18% |
Volatility (6M)Calculated over the trailing 6-month period | 89.40% | 41.61% | +47.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 122.08% | 52.06% | +70.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 106.74% | 48.28% | +58.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 89.36% | 53.57% | +35.79% |
Dividends
INOD vs. WDO.TO - Dividend Comparison
Neither INOD nor WDO.TO has paid dividends to shareholders.
Financials
INOD vs. WDO.TO - Financials Comparison
This section allows you to compare key financial metrics between Innodata Inc. and Wesdome Gold Mines 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
INOD vs. WDO.TO - Profitability Comparison
INOD - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Innodata Inc. reported a gross profit of 0.00 and revenue of 90.10M. Therefore, the gross margin over that period was 0.0%.
WDO.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Wesdome Gold Mines Ltd. reported a gross profit of 188.53M and revenue of 299.79M. Therefore, the gross margin over that period was 62.9%.
INOD - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Innodata Inc. reported an operating income of 0.00 and revenue of 90.10M, resulting in an operating margin of 0.0%.
WDO.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Wesdome Gold Mines Ltd. reported an operating income of 177.51M and revenue of 299.79M, resulting in an operating margin of 59.2%.
INOD - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Innodata Inc. reported a net income of 14.90M and revenue of 90.10M, resulting in a net margin of 16.5%.
WDO.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Wesdome Gold Mines Ltd. reported a net income of 118.88M and revenue of 299.79M, resulting in a net margin of 39.7%.
Frequently Asked Questions
INOD and WDO.TO have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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