LUG.TO vs. WDO.TO
LUG.TO (Lundin Gold Inc.) and WDO.TO (Wesdome Gold Mines Ltd.) are both stocks. Both operate in the Gold industry within the Basic Materials sector. Over the past 10 years, LUG.TO returned 32.69%/yr vs 30.81%/yr for WDO.TO. At a 0.26 correlation, their price movements are largely independent.
Performance
LUG.TO vs. WDO.TO - Performance Comparison
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Returns By Period
In the year-to-date period, LUG.TO achieves a -26.40% return, which is significantly lower than WDO.TO's 11.61% return. Over the past 10 years, LUG.TO has outperformed WDO.TO with an annualized return of 32.69%, while WDO.TO has yielded a comparatively lower 30.81% annualized return.
LUG.TO
- 1D
- 1.08%
- 1M
- -4.54%
- YTD
- -26.40%
- 6M
- -24.67%
- 1Y
- 16.11%
- 3Y*
- 79.74%
- 5Y*
- 53.19%
- 10Y*
- 32.69%
WDO.TO
- 1D
- 3.21%
- 1M
- -6.48%
- YTD
- 11.61%
- 6M
- 12.50%
- 1Y
- 26.33%
- 3Y*
- 51.49%
- 5Y*
- 15.05%
- 10Y*
- 30.81%
LUG.TO vs. WDO.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LUG.TO Lundin Gold Inc. | -26.40% | 291.22% | 91.60% | 29.55% | 30.60% | -4.67% | 31.21% | 66.93% | 10.15% | -13.88% |
WDO.TO Wesdome Gold Mines Ltd. | 11.61% | 76.14% | 67.44% | 3.07% | -35.01% | 8.38% | 4.42% | 129.57% | 109.95% | 0.96% |
Correlation
The correlation between LUG.TO and WDO.TO is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Jul 12, 2006 | 0.26 |
Over the past year, LUG.TO and WDO.TO have become more correlated (0.65) than their long-term average of 0.26, meaning their price movements have been converging.
Fundamentals
LUG.TO:
CA$18.65B
WDO.TO:
CA$3.84B
LUG.TO:
$3.77
WDO.TO:
CA$2.68
LUG.TO:
14.57
WDO.TO:
9.47
LUG.TO:
0.19
WDO.TO:
0.11
LUG.TO:
6.66
WDO.TO:
3.74
LUG.TO:
9.79
WDO.TO:
3.77
LUG.TO:
$2.00B
WDO.TO:
CA$1.03B
LUG.TO:
$1.41B
WDO.TO:
CA$636.67M
LUG.TO:
$1.43B
WDO.TO:
CA$694.56M
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Return for Risk
LUG.TO vs. WDO.TO — Risk / Return Rank
LUG.TO
WDO.TO
LUG.TO vs. WDO.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lundin Gold Inc. (LUG.TO) 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.
| LUG.TO | WDO.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.23 | ||
| Sortino ratioReturn per unit of downside risk | -0.25 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.13 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.46 | 1.12 | -0.66 |
| Martin ratioReturn relative to average drawdown | 1.23 | 2.51 | -1.28 |
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Drawdowns
LUG.TO vs. WDO.TO - Drawdown Comparison
The maximum LUG.TO drawdown since its inception was -94.74%, which is greater than WDO.TO's maximum drawdown of -89.14%. Use the drawdown chart below to compare losses from any high point for LUG.TO and WDO.TO.
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Drawdown Indicators
| LUG.TO | WDO.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.74% | -89.14% | -5.60% |
Max Drawdown (1Y)Largest decline over 1 year | -37.89% | -25.42% | -12.47% |
Max Drawdown (3Y)Largest decline over 3 years | -37.89% | -25.42% | -12.47% |
Max Drawdown (5Y)Largest decline over 5 years | -37.89% | -62.68% | +24.79% |
Max Drawdown (10Y)Largest decline over 10 years | -41.84% | -62.68% | +20.84% |
Current DrawdownCurrent decline from peak | -34.73% | -18.02% | -16.71% |
Average DrawdownAverage peak-to-trough decline | -67.67% | -35.24% | -32.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.24% | 11.33% | +2.91% |
Volatility
LUG.TO vs. WDO.TO - Volatility Comparison
The current volatility for Lundin Gold Inc. (LUG.TO) is 17.86%, while Wesdome Gold Mines Ltd. (WDO.TO) has a volatility of 21.04%. This indicates that LUG.TO experiences smaller price fluctuations and is considered to be less risky 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
| LUG.TO | WDO.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.86% | 21.04% | -3.18% |
Volatility (6M)Calculated over the trailing 6-month period | 42.07% | 41.78% | +0.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.97% | 52.05% | +3.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 46.54% | 47.93% | -1.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 43.40% | 53.26% | -9.86% |
Dividends
LUG.TO vs. WDO.TO - Dividend Comparison
LUG.TO's dividend yield for the trailing twelve months is around 6.79%, while WDO.TO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
LUG.TO Lundin Gold Inc. | 6.79% | 3.35% | 2.69% | 3.26% | 1.97% |
WDO.TO Wesdome Gold Mines Ltd. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
LUG.TO vs. WDO.TO - Financials Comparison
This section allows you to compare key financial metrics between Lundin Gold 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
LUG.TO vs. WDO.TO - Profitability Comparison
LUG.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Lundin Gold Inc. reported a gross profit of 420.70M and revenue of 567.38M. Therefore, the gross margin over that period was 74.2%.
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%.
LUG.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Lundin Gold Inc. reported an operating income of 391.03M and revenue of 567.38M, resulting in an operating margin of 68.9%.
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%.
LUG.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Lundin Gold Inc. reported a net income of 273.33M and revenue of 567.38M, resulting in a net margin of 48.2%.
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
LUG.TO and WDO.TO have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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