ODV vs. OLA.TO

Last updated Jun 4, 2026

ODV (Osisko Development Corp.) and OLA.TO (Orla Mining Ltd.) are both stocks. Both operate in the Gold industry within the Basic Materials sector. Over the past 3 years, ODV returned -17.41%/yr vs 34.11%/yr for OLA.TO. At a 0.40 correlation, their price movements are largely independent.

Performance

ODV vs. OLA.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Osisko Development Corp. (ODV) and Orla Mining Ltd. (OLA.TO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

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

Returns By Period

In the year-to-date period, ODV achieves a -24.93% return, which is significantly lower than OLA.TO's -16.67% return.

ODV

• 1D: -4.73%
• 1M: -10.88%
• YTD: -24.93%
• 6M: -25.78%
• 1Y: 31.00%
• 3Y*: -17.41%
• 5Y*: —
• 10Y*: —

OLA.TO

• 1D: -5.85%
• 1M: -13.75%
• YTD: -16.67%
• 6M: -16.12%
• 1Y: 0.17%
• 3Y*: 34.11%
• 5Y*: 20.41%
• 10Y*: 55.72%

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

ODV vs. OLA.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
ODV Osisko Development Corp.	-24.93%	114.11%	-43.99%	-32.33%	-39.86%
OLA.TO Orla Mining Ltd.	-16.67%	143.02%	69.70%	-19.37%	0.49%

Correlation

The correlation between ODV and OLA.TO is 0.50, 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	0.50
Correlation (3Y) Calculated over the trailing 3-year period	0.39
Correlation (All Time) Calculated using the full available price history since May 30, 2022	0.40

The correlation between ODV and OLA.TO shifts across timeframes, from 0.39 (3 years) to 0.50 (1 year), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap ODV : $814.96M OLA.TO : CA$6.21B
EPS ODV : -$0.34 OLA.TO : CA$0.82
PS Ratio ODV : 14.59 OLA.TO : 3.71
PB Ratio ODV : 0.83 OLA.TO : 5.88
Total Revenue (TTM) ODV : $37.70M OLA.TO : CA$1.59B
Gross Profit (TTM) ODV : $22.49M OLA.TO : CA$848.41M
EBITDA (TTM) ODV : -$127.86M OLA.TO : CA$966.01M

Return for Risk

ODV vs. OLA.TO — Risk / Return Rank

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

ODV

ODV Risk / Return Rank: 57
ODV Sharpe Ratio Rank: 59
ODV Sortino Ratio Rank: 56
ODV Omega Ratio Rank: 55
ODV Calmar Ratio Rank: 57
ODV Martin Ratio Rank: 58

OLA.TO

OLA.TO Risk / Return Rank: 42
OLA.TO Sharpe Ratio Rank: 41
OLA.TO Sortino Ratio Rank: 43
OLA.TO Omega Ratio Rank: 42
OLA.TO Calmar Ratio Rank: 40
OLA.TO Martin Ratio Rank: 41

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.

ODV vs. OLA.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Osisko Development Corp. (ODV) and Orla Mining Ltd. (OLA.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.

	ODV	OLA.TO	Difference
Sharpe ratio Return per unit of total volatility	0.50	0.00	+0.50
Sortino ratio Return per unit of downside risk	1.09	0.53	+0.56
Omega ratio Gain probability vs. loss probability	1.13	1.07	+0.06
Calmar ratio Return relative to maximum drawdown	0.69	0.00	+0.69
Martin ratio Return relative to average drawdown	1.70	0.01	+1.69
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ODV vs. OLA.TO - Sharpe Ratio Comparison

The current ODV Sharpe Ratio is 0.50, which is higher than the OLA.TO Sharpe Ratio of 0.00. The chart below compares the historical Sharpe Ratios of ODV and OLA.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ODV	OLA.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.50	0.00	+0.50
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.34	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.76	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.36	0.15	-0.50

Drawdowns

ODV vs. OLA.TO - Drawdown Comparison

The maximum ODV drawdown since its inception was -83.01%, smaller than the maximum OLA.TO drawdown of -97.67%. Use the drawdown chart below to compare losses from any high point for ODV and OLA.TO.

Drawdown Indicators

	ODV	OLA.TO	Difference
Max Drawdown Largest peak-to-trough decline	-83.01%	-97.67%	+14.66%
Max Drawdown (1Y) Largest decline over 1 year	-45.19%	-48.38%	+3.19%
Max Drawdown (3Y) Largest decline over 3 years	-74.17%	-48.38%	-25.79%
Max Drawdown (5Y) Largest decline over 5 years	—	-53.54%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-57.49%	—
Current Drawdown Current decline from peak	-64.11%	-48.38%	-15.73%
Average Drawdown Average peak-to-trough decline	-55.87%	-31.14%	-24.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	18.27%	20.38%	-2.11%

Volatility

ODV vs. OLA.TO - Volatility Comparison

The current volatility for Osisko Development Corp. (ODV) is 18.24%, while Orla Mining Ltd. (OLA.TO) has a volatility of 23.79%. This indicates that ODV experiences smaller price fluctuations and is considered to be less risky than OLA.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ODV	OLA.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.24%	23.79%	-5.55%
Volatility (6M) Calculated over the trailing 6-month period	45.54%	52.90%	-7.36%
Volatility (1Y) Calculated over the trailing 1-year period	62.40%	74.50%	-12.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	62.48%	60.37%	+2.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	62.48%	74.88%	-12.40%

Dividends

ODV vs. OLA.TO - Dividend Comparison

ODV has not paid dividends to shareholders, while OLA.TO's dividend yield for the trailing twelve months is around 0.27%.

Position	TTM
ODV Osisko Development Corp.	0.00%
OLA.TO Orla Mining Ltd.	0.27%

Financials

Frequently Asked Questions

Can I hold both ODV and OLA.TO in my portfolio?

ODV and OLA.TO have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.