LUN.TO vs. AII.TO
LUN.TO (Lundin Mining Corporation) and AII.TO (Almonty Industries Inc.) are both stocks. Both are in the Basic Materials sector — LUN.TO in Copper, AII.TO in Other Industrial Metals & Mining. Over the past 10 years, LUN.TO returned 27.33%/yr vs 48.17%/yr for AII.TO. At a 0.07 correlation, their price movements are largely independent.
Performance
LUN.TO vs. AII.TO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, LUN.TO achieves a 29.22% return, which is significantly lower than AII.TO's 90.14% return. Over the past 10 years, LUN.TO has underperformed AII.TO with an annualized return of 27.33%, while AII.TO has yielded a comparatively higher 48.17% annualized return.
LUN.TO
- 1D
- 2.26%
- 1M
- 2.49%
- YTD
- 29.22%
- 6M
- 50.43%
- 1Y
- 164.52%
- 3Y*
- 59.24%
- 5Y*
- 28.33%
- 10Y*
- 27.33%
AII.TO
- 1D
- 1.10%
- 1M
- -14.62%
- YTD
- 90.14%
- 6M
- 109.97%
- 1Y
- 391.96%
- 3Y*
- 191.14%
- 5Y*
- 66.38%
- 10Y*
- 48.17%
LUN.TO vs. AII.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LUN.TO Lundin Mining Corporation | 29.22% | 141.86% | 17.72% | 35.67% | -11.74% | -9.34% | 49.12% | 40.12% | -31.40% | 32.67% |
AII.TO Almonty Industries Inc. | 90.14% | 784.25% | 68.52% | -20.59% | -23.60% | 39.06% | 52.38% | -35.38% | 18.18% | 103.70% |
Correlation
The correlation between LUN.TO and AII.TO is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Aug 17, 2010 | 0.07 |
Over the past year, LUN.TO and AII.TO have become more correlated (0.34) than their long-term average of 0.07, meaning their price movements have been converging.
Fundamentals
LUN.TO:
CA$32.76B
AII.TO:
CA$6.39B
LUN.TO:
CA$1.69
AII.TO:
-CA$0.57
LUN.TO:
8.10
AII.TO:
106.45
LUN.TO:
4.78
AII.TO:
17.93
LUN.TO:
CA$4.04B
AII.TO:
CA$50.01M
LUN.TO:
CA$1.55B
AII.TO:
CA$14.63M
LUN.TO:
CA$1.92B
AII.TO:
-CA$120.84M
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
LUN.TO vs. AII.TO — Risk / Return Rank
LUN.TO
AII.TO
LUN.TO vs. AII.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lundin Mining Corporation (LUN.TO) and Almonty Industries Inc. (AII.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.
| LUN.TO | AII.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.33 | ||
| Sortino ratioReturn per unit of downside risk | -0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.44 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 4.92 | 7.21 | -2.30 |
| Martin ratioReturn relative to average drawdown | 16.40 | 15.41 | +0.99 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| LUN.TO | AII.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.15 | 3.47 | -0.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.62 | 0.90 | -0.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.60 | 0.64 | -0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.15 | 0.30 | -0.15 |
Drawdowns
LUN.TO vs. AII.TO - Drawdown Comparison
The maximum LUN.TO drawdown since its inception was -95.33%, which is greater than AII.TO's maximum drawdown of -80.14%. Use the drawdown chart below to compare losses from any high point for LUN.TO and AII.TO.
Loading charts...
Drawdown Indicators
| LUN.TO | AII.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.33% | -80.14% | -15.19% |
Max Drawdown (1Y)Largest decline over 1 year | -33.67% | -54.79% | +21.12% |
Max Drawdown (3Y)Largest decline over 3 years | -47.11% | -54.79% | +7.68% |
Max Drawdown (5Y)Largest decline over 5 years | -53.91% | -64.17% | +10.26% |
Max Drawdown (10Y)Largest decline over 10 years | -57.61% | -68.52% | +10.91% |
Current DrawdownCurrent decline from peak | -14.17% | -28.44% | +14.27% |
Average DrawdownAverage peak-to-trough decline | -48.72% | -33.52% | -15.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.08% | 25.59% | -15.51% |
Volatility
LUN.TO vs. AII.TO - Volatility Comparison
The current volatility for Lundin Mining Corporation (LUN.TO) is 20.66%, while Almonty Industries Inc. (AII.TO) has a volatility of 32.86%. This indicates that LUN.TO experiences smaller price fluctuations and is considered to be less risky than AII.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| LUN.TO | AII.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.66% | 32.86% | -12.20% |
Volatility (6M)Calculated over the trailing 6-month period | 44.38% | 68.55% | -24.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 52.71% | 113.99% | -61.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 46.18% | 74.41% | -28.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 45.95% | 75.21% | -29.26% |
Dividends
LUN.TO vs. AII.TO - Dividend Comparison
LUN.TO's dividend yield for the trailing twelve months is around 0.29%, while AII.TO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
AII.TO Almonty Industries Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
LUN.TO Lundin Mining Corporation | 0.29% | 0.68% | 3.64% | 3.32% | 5.66% | 3.95% | 1.42% | 1.55% | 2.13% | 1.44% |
Financials
LUN.TO vs. AII.TO - Financials Comparison
This section allows you to compare key financial metrics between Lundin Mining Corporation and Almonty Industries Inc.. 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
LUN.TO vs. AII.TO - Profitability Comparison
LUN.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Lundin Mining Corporation reported a gross profit of 537.50M and revenue of 1.16B. Therefore, the gross margin over that period was 46.4%.
AII.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Almonty Industries Inc. reported a gross profit of 13.01M and revenue of 25.40M. Therefore, the gross margin over that period was 51.2%.
LUN.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Lundin Mining Corporation reported an operating income of 503.80M and revenue of 1.16B, resulting in an operating margin of 43.5%.
AII.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Almonty Industries Inc. reported an operating income of 2.24M and revenue of 25.40M, resulting in an operating margin of 8.8%.
LUN.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Lundin Mining Corporation reported a net income of 281.40M and revenue of 1.16B, resulting in a net margin of 24.3%.
AII.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Almonty Industries Inc. reported a net income of -5.26M and revenue of 25.40M, resulting in a net margin of -20.7%.
Frequently Asked Questions
LUN.TO and AII.TO have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for LUN.TO and AII.TO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer