MNT.TO vs. ARTG.V
MNT.TO (Royal Canadian Mint - Canadian Gold Reserves) is fund fund, while ARTG.V (Artemis Gold Inc) is a stock. Over the past 5 years, MNT.TO returned 21.11%/yr vs 36.06%/yr for ARTG.V. At a 0.26 correlation, their price movements are largely independent.
Performance
MNT.TO vs. ARTG.V - Performance Comparison
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Returns By Period
In the year-to-date period, MNT.TO achieves a -0.92% return, which is significantly higher than ARTG.V's -14.96% return.
MNT.TO
- 1D
- -0.59%
- 1M
- -2.30%
- YTD
- -0.92%
- 6M
- 0.86%
- 1Y
- 29.56%
- 3Y*
- 32.67%
- 5Y*
- 21.11%
- 10Y*
- 13.75%
ARTG.V
- 1D
- -4.38%
- 1M
- -3.76%
- YTD
- -14.96%
- 6M
- -12.11%
- 1Y
- 25.71%
- 3Y*
- 87.54%
- 5Y*
- 36.06%
- 10Y*
- —
MNT.TO vs. ARTG.V - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
MNT.TO Royal Canadian Mint - Canadian Gold Reserves | -0.92% | 61.23% | 44.81% | 3.61% | 10.52% | -10.51% | 26.14% | -3.82% |
ARTG.V Artemis Gold Inc | -14.96% | 166.84% | 117.56% | 43.96% | -36.38% | 7.81% | 392.31% | 30.00% |
Correlation
The correlation between MNT.TO and ARTG.V is 0.52, 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 | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Oct 3, 2019 | 0.26 |
Over the past year, MNT.TO and ARTG.V have become more correlated (0.52) than their long-term average of 0.26, meaning their price movements have been converging.
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Return for Risk
MNT.TO vs. ARTG.V — Risk / Return Rank
MNT.TO
ARTG.V
MNT.TO vs. ARTG.V - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Royal Canadian Mint - Canadian Gold Reserves (MNT.TO) and Artemis Gold Inc (ARTG.V). 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.
| MNT.TO | ARTG.V | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.44 | ||
| Sortino ratioReturn per unit of downside risk | +0.44 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.13 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.19 | 0.79 | +0.40 |
| Martin ratioReturn relative to average drawdown | 3.13 | 1.96 | +1.17 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MNT.TO | ARTG.V | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.99 | 0.54 | +0.44 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.05 | 0.71 | +0.34 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.71 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 1.14 | -0.71 |
Drawdowns
MNT.TO vs. ARTG.V - Drawdown Comparison
The maximum MNT.TO drawdown since its inception was -34.79%, smaller than the maximum ARTG.V drawdown of -54.31%. Use the drawdown chart below to compare losses from any high point for MNT.TO and ARTG.V.
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Drawdown Indicators
| MNT.TO | ARTG.V | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.79% | -54.31% | +19.52% |
Max Drawdown (1Y)Largest decline over 1 year | -25.01% | -32.89% | +7.88% |
Max Drawdown (3Y)Largest decline over 3 years | -25.01% | -32.89% | +7.88% |
Max Drawdown (5Y)Largest decline over 5 years | -25.01% | -54.31% | +29.30% |
Max Drawdown (10Y)Largest decline over 10 years | -33.58% | — | — |
Current DrawdownCurrent decline from peak | -21.04% | -32.89% | +11.85% |
Average DrawdownAverage peak-to-trough decline | -15.67% | -17.31% | +1.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.46% | 13.15% | -3.69% |
Volatility
MNT.TO vs. ARTG.V - Volatility Comparison
The current volatility for Royal Canadian Mint - Canadian Gold Reserves (MNT.TO) is 5.13%, while Artemis Gold Inc (ARTG.V) has a volatility of 14.01%. This indicates that MNT.TO experiences smaller price fluctuations and is considered to be less risky than ARTG.V based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MNT.TO | ARTG.V | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.13% | 14.01% | -8.88% |
Volatility (6M)Calculated over the trailing 6-month period | 25.08% | 36.29% | -11.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.12% | 47.40% | -17.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.29% | 51.19% | -30.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.57% | 59.49% | -39.92% |
Dividends
MNT.TO vs. ARTG.V - Dividend Comparison
Neither MNT.TO nor ARTG.V has paid dividends to shareholders.
Frequently Asked Questions
MNT.TO and ARTG.V have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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