ODV vs. EQX
ODV (Osisko Development Corp.) and EQX (Equinox Gold Corp.) are both stocks. Both operate in the Gold industry within the Basic Materials sector. Over the past 3 years, ODV returned -17.74%/yr vs 28.63%/yr for EQX. A 0.50 correlation means they provide meaningful diversification when combined.
Performance
ODV vs. EQX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with ODV having a -29.51% return and EQX slightly lower at -30.26%.
ODV
- 1D
- -3.53%
- 1M
- -8.55%
- YTD
- -29.51%
- 6M
- -32.97%
- 1Y
- 17.70%
- 3Y*
- -17.74%
- 5Y*
- —
- 10Y*
- —
EQX
- 1D
- -4.68%
- 1M
- -19.46%
- YTD
- -30.26%
- 6M
- -34.24%
- 1Y
- 59.98%
- 3Y*
- 28.63%
- 5Y*
- 5.99%
- 10Y*
- —
ODV vs. EQX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ODV Osisko Development Corp. | -29.51% | 114.11% | -43.99% | -32.33% | -44.52% |
EQX Equinox Gold Corp. | -30.26% | 179.68% | 2.66% | 49.09% | -44.31% |
Correlation
The correlation between ODV and EQX is 0.67, 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 | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since May 27, 2022 | 0.50 |
The correlation between ODV and EQX shifts across timeframes, from 0.50 (all time) to 0.67 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
ODV:
$765.19M
EQX:
$8.07B
ODV:
-CA$0.34
EQX:
$0.89
ODV:
19.47
EQX:
2.93
ODV:
1.11
EQX:
1.32
ODV:
CA$37.70M
EQX:
$2.29B
ODV:
CA$22.49M
EQX:
$866.94M
ODV:
-CA$127.86M
EQX:
$1.22B
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Return for Risk
ODV vs. EQX — Risk / Return Rank
ODV
EQX
ODV vs. EQX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Osisko Development Corp. (ODV) and Equinox Gold Corp. (EQX). 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.
| ODV | EQX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.70 | ||
| Sortino ratioReturn per unit of downside risk | -0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.20 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.36 | 1.26 | -0.90 |
| Martin ratioReturn relative to average drawdown | 0.84 | 3.52 | -2.68 |
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Drawdowns
ODV vs. EQX - Drawdown Comparison
The maximum ODV drawdown since its inception was -84.00%, roughly equal to the maximum EQX drawdown of -81.06%. Use the drawdown chart below to compare losses from any high point for ODV and EQX.
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Drawdown Indicators
| ODV | EQX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.00% | -81.06% | -2.94% |
Max Drawdown (1Y)Largest decline over 1 year | -49.58% | -48.02% | -1.56% |
Max Drawdown (3Y)Largest decline over 3 years | -74.17% | -48.02% | -26.15% |
Max Drawdown (5Y)Largest decline over 5 years | — | -71.57% | — |
Current DrawdownCurrent decline from peak | -68.26% | -47.81% | -20.45% |
Average DrawdownAverage peak-to-trough decline | -58.49% | -38.14% | -20.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.05% | 17.10% | +3.95% |
Volatility
ODV vs. EQX - Volatility Comparison
The current volatility for Osisko Development Corp. (ODV) is 16.10%, while Equinox Gold Corp. (EQX) has a volatility of 22.02%. This indicates that ODV experiences smaller price fluctuations and is considered to be less risky than EQX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ODV | EQX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.10% | 22.02% | -5.92% |
Volatility (6M)Calculated over the trailing 6-month period | 45.53% | 49.23% | -3.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 62.89% | 61.24% | +1.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 62.49% | 57.68% | +4.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 62.49% | 55.60% | +6.89% |
Dividends
ODV vs. EQX - Dividend Comparison
ODV has not paid dividends to shareholders, while EQX's dividend yield for the trailing twelve months is around 0.31%.
| Position | TTM |
|---|---|
EQX Equinox Gold Corp. | 0.31% |
ODV Osisko Development Corp. | 0.00% |
Financials
ODV vs. EQX - Financials Comparison
This section allows you to compare key financial metrics between Osisko Development Corp. and Equinox Gold Corp.. 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
Frequently Asked Questions
ODV and EQX have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EQX has higher volatility (22.02%) compared to ODV (16.10%). In terms of maximum drawdown, ODV dropped -84.00% vs EQX's -81.06%.
EQX currently has the higher Sharpe Ratio (0.98 vs 0.28), 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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