NXE.TO vs. AEM

Last updated Apr 2, 2026

Compare and contrast key facts about NexGen Energy Ltd. (NXE.TO) and Agnico Eagle Mines Limited (AEM).

Performance

NXE.TO vs. AEM - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in NexGen Energy Ltd. (NXE.TO) and Agnico Eagle Mines Limited (AEM). The values are adjusted to include any dividend payments, if applicable.

NXE.TO vs. AEM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NXE.TO NexGen Energy Ltd.	27.63%	33.23%	2.27%	54.76%	8.12%	57.83%	110.18%	-30.71%	-24.92%	37.77%
AEM Agnico Eagle Mines Limited	25.72%	109.46%	58.58%	6.58%	8.28%	-23.51%	15.41%	46.60%	-4.00%	3.85%

Different Trading Currencies

NXE.TO is traded in CAD, while AEM is traded in USD. To make them comparable, the AEM values have been converted to CAD using the latest available exchange rates.

Fundamentals

Market Cap NXE.TO : CA$9.86B AEM : $105.61B
EPS NXE.TO : -CA$0.53 AEM : $8.83
PB Ratio NXE.TO : 5.38 AEM : 4.27
Total Revenue (TTM) NXE.TO : CA$0.00 AEM : $11.87B
Gross Profit (TTM) NXE.TO : -CA$2.20M AEM : $6.80B
EBITDA (TTM) NXE.TO : -CA$253.06M AEM : $8.35B

Returns By Period

In the year-to-date period, NXE.TO achieves a 27.63% return, which is significantly higher than AEM's 25.72% return. Over the past 10 years, NXE.TO has outperformed AEM with an annualized return of 23.65%, while AEM has yielded a comparatively lower 22.20% annualized return.

NXE.TO

• 1D: -0.12%
• 1M: -11.18%
• YTD: 27.63%
• 6M: 27.43%
• 1Y: 146.11%
• 3Y*: 45.90%
• 5Y*: 27.58%
• 10Y*: 23.65%

AEM

• 1D: 3.35%
• 1M: -15.34%
• YTD: 25.72%
• 6M: 23.60%
• 1Y: 90.51%
• 3Y*: 65.20%
• 5Y*: 34.51%
• 10Y*: 22.20%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

NXE.TO vs. AEM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NXE.TO

NXE.TO Risk / Return Rank: 93
NXE.TO Sharpe Ratio Rank: 95
NXE.TO Sortino Ratio Rank: 93
NXE.TO Omega Ratio Rank: 88
NXE.TO Calmar Ratio Rank: 96
NXE.TO Martin Ratio Rank: 96

AEM

AEM Risk / Return Rank: 88
AEM Sharpe Ratio Rank: 92
AEM Sortino Ratio Rank: 85
AEM Omega Ratio Rank: 86
AEM Calmar Ratio Rank: 87
AEM Martin Ratio Rank: 91

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

NXE.TO vs. AEM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NexGen Energy Ltd. (NXE.TO) 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.

	NXE.TO	AEM	Difference
Sharpe ratio Return per unit of total volatility	2.66	2.14	+0.52
Sortino ratio Return per unit of downside risk	3.23	2.43	+0.80
Omega ratio Gain probability vs. loss probability	1.38	1.35	+0.03
Calmar ratio Return relative to maximum drawdown	6.70	3.10	+3.59
Martin ratio Return relative to average drawdown	18.06	10.53	+7.52
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NXE.TO vs. AEM - Sharpe Ratio Comparison

The current NXE.TO Sharpe Ratio is 2.66, which is comparable to the AEM Sharpe Ratio of 2.14. The chart below compares the historical Sharpe Ratios of NXE.TO and AEM, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	NXE.TO	AEM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.66	2.14	+0.52
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.50	1.01	-0.51
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.40	0.62	-0.22
Sharpe Ratio (All Time) Calculated using the full available price history	0.48	0.30	+0.18

Correlation

The correlation between NXE.TO and AEM is 0.13, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

NXE.TO vs. AEM - Dividend Comparison

NXE.TO has not paid dividends to shareholders, while AEM's dividend yield for the trailing twelve months is around 0.79%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NXE.TO NexGen Energy Ltd.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
AEM Agnico Eagle Mines Limited	0.79%	0.94%	2.05%	2.92%	3.08%	2.63%	2.36%	0.89%	1.09%	0.89%	0.86%	1.22%

Drawdowns

NXE.TO vs. AEM - Drawdown Comparison

The maximum NXE.TO drawdown since its inception was -81.00%, which is greater than AEM's maximum drawdown of -70.22%. Use the drawdown chart below to compare losses from any high point for NXE.TO and AEM.

Drawdown Indicators

	NXE.TO	AEM	Difference
Max Drawdown Largest peak-to-trough decline	-81.00%	-90.49%	+9.49%
Max Drawdown (1Y) Largest decline over 1 year	-22.39%	-28.97%	+6.58%
Max Drawdown (5Y) Largest decline over 5 years	-53.54%	-46.76%	-6.78%
Max Drawdown (10Y) Largest decline over 10 years	-81.00%	-53.86%	-27.14%
Current Drawdown Current decline from peak	-14.44%	-16.70%	+2.26%
Average Drawdown Average peak-to-trough decline	-27.68%	-46.76%	+19.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.30%	8.42%	-0.12%

Volatility

NXE.TO vs. AEM - Volatility Comparison

The current volatility for NexGen Energy Ltd. (NXE.TO) is 14.28%, while Agnico Eagle Mines Limited (AEM) has a volatility of 15.38%. This indicates that NXE.TO experiences smaller price fluctuations and is considered to be less risky than AEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NXE.TO	AEM	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.28%	15.38%	-1.10%
Volatility (6M) Calculated over the trailing 6-month period	40.96%	34.97%	+5.99%
Volatility (1Y) Calculated over the trailing 1-year period	55.22%	42.48%	+12.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	56.04%	34.37%	+21.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	58.82%	35.92%	+22.90%

Financials