KGC vs. AEM
KGC (Kinross Gold Corporation) and AEM (Agnico Eagle Mines Limited) are both stocks. Both operate in the Gold industry within the Basic Materials sector. Over the past 10 years, KGC returned 18.81%/yr vs 14.70%/yr for AEM. A 0.70 correlation means they provide meaningful diversification when combined.
Performance
KGC vs. AEM - Performance Comparison
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Returns By Period
In the year-to-date period, KGC achieves a -8.92% return, which is significantly lower than AEM's -3.66% return. Over the past 10 years, KGC has outperformed AEM with an annualized return of 18.81%, while AEM has yielded a comparatively lower 14.70% annualized return.
KGC
- 1D
- 2.90%
- 1M
- -18.08%
- YTD
- -8.92%
- 6M
- -8.14%
- 1Y
- 65.63%
- 3Y*
- 76.13%
- 5Y*
- 29.09%
- 10Y*
- 18.81%
AEM
- 1D
- 3.09%
- 1M
- -16.80%
- YTD
- -3.66%
- 6M
- -2.93%
- 1Y
- 34.46%
- 3Y*
- 50.92%
- 5Y*
- 20.78%
- 10Y*
- 14.70%
KGC vs. AEM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
KGC Kinross Gold Corporation | -8.92% | 206.11% | 55.63% | 51.83% | -27.59% | -19.00% | 56.04% | 46.30% | -25.00% | 38.91% |
AEM Agnico Eagle Mines Limited | -3.66% | 119.53% | 46.04% | 8.98% | 1.08% | -22.81% | 17.39% | 54.18% | -11.51% | 10.92% |
Correlation
The correlation between KGC and AEM is 0.89, 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 | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.86 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 1994 | 0.70 |
The correlation between KGC and AEM shifts across timeframes, from 0.70 (all time) to 0.89 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
KGC:
$30.80B
AEM:
$81.60B
KGC:
$2.35
AEM:
$10.60
KGC:
10.87
AEM:
15.35
KGC:
0.14
AEM:
0.24
KGC:
3.92
AEM:
6.06
KGC:
3.37
AEM:
3.11
KGC:
$7.94B
AEM:
$13.51B
KGC:
$4.19B
AEM:
$8.28B
KGC:
$5.02B
AEM:
$9.72B
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Return for Risk
KGC vs. AEM — Risk / Return Rank
KGC
AEM
KGC vs. AEM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Kinross Gold Corporation (KGC) and Agnico Eagle Mines Limited (AEM). 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.
| KGC | AEM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.50 | ||
| Sortino ratioReturn per unit of downside risk | +0.50 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.16 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.75 | 0.88 | +0.87 |
| Martin ratioReturn relative to average drawdown | 5.20 | 2.48 | +2.72 |
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Drawdowns
KGC vs. AEM - Drawdown Comparison
The maximum KGC drawdown since its inception was -96.00%, which is greater than AEM's maximum drawdown of -90.49%. Use the drawdown chart below to compare losses from any high point for KGC and AEM.
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Drawdown Indicators
| KGC | AEM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.00% | -90.49% | -5.51% |
Max Drawdown (1Y)Largest decline over 1 year | -37.69% | -39.39% | +1.70% |
Max Drawdown (3Y)Largest decline over 3 years | -37.69% | -39.39% | +1.70% |
Max Drawdown (5Y)Largest decline over 5 years | -59.29% | -45.03% | -14.26% |
Max Drawdown (10Y)Largest decline over 10 years | -67.75% | -53.86% | -13.89% |
Current DrawdownCurrent decline from peak | -32.63% | -35.35% | +2.72% |
Average DrawdownAverage peak-to-trough decline | -57.60% | -46.65% | -10.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.66% | 13.93% | -1.27% |
Volatility
KGC vs. AEM - Volatility Comparison
Kinross Gold Corporation (KGC) has a higher volatility of 18.21% compared to Agnico Eagle Mines Limited (AEM) at 15.31%. This indicates that KGC's price experiences larger fluctuations and is considered to be riskier than AEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KGC | AEM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.21% | 15.31% | +2.90% |
Volatility (6M)Calculated over the trailing 6-month period | 40.59% | 36.02% | +4.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 51.35% | 44.06% | +7.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.22% | 37.06% | +7.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 47.01% | 37.35% | +9.66% |
Dividends
KGC vs. AEM - Dividend Comparison
KGC's dividend yield for the trailing twelve months is around 0.57%, less than AEM's 1.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AEM Agnico Eagle Mines Limited | 1.05% | 0.94% | 2.05% | 2.92% | 3.08% | 2.63% | 2.36% | 0.89% | 1.09% | 0.89% | 0.86% | 1.22% |
KGC Kinross Gold Corporation | 0.57% | 0.44% | 1.29% | 1.98% | 2.93% | 2.69% | 0.82% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
KGC vs. AEM - Financials Comparison
This section allows you to compare key financial metrics between Kinross Gold Corporation and Agnico Eagle Mines Limited. 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
KGC vs. AEM - Profitability Comparison
KGC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Kinross Gold Corporation reported a gross profit of 1.37B and revenue of 2.37B. Therefore, the gross margin over that period was 57.8%.
AEM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Agnico Eagle Mines Limited reported a gross profit of 2.72B and revenue of 4.10B. Therefore, the gross margin over that period was 66.4%.
KGC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Kinross Gold Corporation reported an operating income of 1.31B and revenue of 2.37B, resulting in an operating margin of 55.1%.
AEM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Agnico Eagle Mines Limited reported an operating income of 2.56B and revenue of 4.10B, resulting in an operating margin of 62.4%.
KGC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Kinross Gold Corporation reported a net income of 831.32M and revenue of 2.37B, resulting in a net margin of 35.0%.
AEM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Agnico Eagle Mines Limited reported a net income of 1.70B and revenue of 4.10B, resulting in a net margin of 41.4%.
Frequently Asked Questions
KGC and AEM have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KGC has higher volatility (18.21%) compared to AEM (15.31%). In terms of maximum drawdown, KGC dropped -96.00% vs AEM's -90.49%.
KGC currently has the higher Sharpe Ratio (1.29 vs 0.79), 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.
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