OR.TO vs. WRN

Last updated Apr 2, 2026

Compare and contrast key facts about Osisko Gold Royalties Ltd (OR.TO) and Western Copper and Gold Corporation (WRN).

Performance

OR.TO vs. WRN - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Osisko Gold Royalties Ltd (OR.TO) and Western Copper and Gold Corporation (WRN). The values are adjusted to include any dividend payments, if applicable.

OR.TO vs. WRN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
OR.TO Osisko Gold Royalties Ltd	14.91%	88.16%	39.44%	17.33%	7.34%	-2.38%	29.76%	6.96%	-16.11%	12.23%
WRN Western Copper and Gold Corporation	-0.63%	142.62%	-14.27%	-26.93%	22.23%	25.68%	46.59%	74.30%	-51.67%	-31.47%

Different Trading Currencies

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

Fundamentals

Market Cap OR.TO : CA$10.56B WRN : $530.12M
EPS OR.TO : CA$1.23 WRN : -$0.02
PB Ratio OR.TO : 5.38 WRN : 2.75
Total Revenue (TTM) OR.TO : CA$313.60M WRN : $0.00
Gross Profit (TTM) OR.TO : CA$278.58M WRN : -$97.53K
EBITDA (TTM) OR.TO : CA$312.33M WRN : -$7.37M

Returns By Period

In the year-to-date period, OR.TO achieves a 14.91% return, which is significantly higher than WRN's -0.63% return. Over the past 10 years, OR.TO has underperformed WRN with an annualized return of 16.57%, while WRN has yielded a comparatively higher 18.56% annualized return.

OR.TO

• 1D: 5.30%
• 1M: -14.38%
• YTD: 14.91%
• 6M: -0.14%
• 1Y: 87.44%
• 3Y*: 39.17%
• 5Y*: 32.86%
• 10Y*: 16.57%

WRN

• 1D: 3.41%
• 1M: -19.80%
• YTD: -0.63%
• 6M: 31.95%
• 1Y: 125.27%
• 3Y*: 13.75%
• 5Y*: 17.42%
• 10Y*: 18.56%

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

Return for Risk

OR.TO vs. WRN — Risk / Return Rank

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

OR.TO

OR.TO Risk / Return Rank: 86
OR.TO Sharpe Ratio Rank: 90
OR.TO Sortino Ratio Rank: 83
OR.TO Omega Ratio Rank: 86
OR.TO Calmar Ratio Rank: 83
OR.TO Martin Ratio Rank: 85

WRN

WRN Risk / Return Rank: 85
WRN Sharpe Ratio Rank: 90
WRN Sortino Ratio Rank: 83
WRN Omega Ratio Rank: 81
WRN Calmar Ratio Rank: 84
WRN Martin Ratio Rank: 86

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.

OR.TO vs. WRN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Osisko Gold Royalties Ltd (OR.TO) and Western Copper and Gold Corporation (WRN). 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.

	OR.TO	WRN	Difference
Sharpe ratio Return per unit of total volatility	2.07	1.90	+0.17
Sortino ratio Return per unit of downside risk	2.33	2.31	+0.03
Omega ratio Gain probability vs. loss probability	1.35	1.30	+0.05
Calmar ratio Return relative to maximum drawdown	2.75	2.79	-0.04
Martin ratio Return relative to average drawdown	8.05	8.31	-0.26
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

OR.TO vs. WRN - Sharpe Ratio Comparison

The current OR.TO Sharpe Ratio is 2.07, which is comparable to the WRN Sharpe Ratio of 1.90. The chart below compares the historical Sharpe Ratios of OR.TO and WRN, 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

	OR.TO	WRN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.07	1.90	+0.17
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.01	0.31	+0.70
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.46	0.31	+0.15
Sharpe Ratio (All Time) Calculated using the full available price history	0.37	0.18	+0.19

Correlation

The correlation between OR.TO and WRN is 0.22, 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

OR.TO vs. WRN - Dividend Comparison

OR.TO's dividend yield for the trailing twelve months is around 0.54%, while WRN has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
OR.TO Osisko Gold Royalties Ltd	0.54%	0.60%	1.16%	1.24%	1.59%	1.64%	1.24%	1.58%	1.67%	1.24%	1.22%	0.95%
WRN Western Copper and Gold Corporation	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

OR.TO vs. WRN - Drawdown Comparison

The maximum OR.TO drawdown since its inception was -58.25%, smaller than the maximum WRN drawdown of -92.98%. Use the drawdown chart below to compare losses from any high point for OR.TO and WRN.

Drawdown Indicators

	OR.TO	WRN	Difference
Max Drawdown Largest peak-to-trough decline	-58.25%	-95.24%	+36.99%
Max Drawdown (1Y) Largest decline over 1 year	-30.85%	-42.72%	+11.87%
Max Drawdown (5Y) Largest decline over 5 years	-34.22%	-65.53%	+31.31%
Max Drawdown (10Y) Largest decline over 10 years	-57.65%	-80.15%	+22.50%
Current Drawdown Current decline from peak	-14.38%	-38.22%	+23.84%
Average Drawdown Average peak-to-trough decline	-16.48%	-64.70%	+48.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.55%	14.40%	-3.85%

Volatility

OR.TO vs. WRN - Volatility Comparison

The current volatility for Osisko Gold Royalties Ltd (OR.TO) is 16.58%, while Western Copper and Gold Corporation (WRN) has a volatility of 19.90%. This indicates that OR.TO experiences smaller price fluctuations and is considered to be less risky than WRN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OR.TO	WRN	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.58%	19.90%	-3.32%
Volatility (6M) Calculated over the trailing 6-month period	36.21%	54.50%	-18.29%
Volatility (1Y) Calculated over the trailing 1-year period	42.46%	66.56%	-24.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.82%	56.61%	-23.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	36.21%	60.27%	-24.06%

Financials