PNG.V vs. EQX.TO
PNG.V (Kraken Robotics Inc) and EQX.TO (Equinox Gold Corp.) are both stocks. PNG.V operates in Scientific & Technical Instruments (Technology), while EQX.TO operates in Gold (Basic Materials). Over the past 10 years, PNG.V returned 41.42%/yr vs 8.39%/yr for EQX.TO. At a 0.08 correlation, their price movements are largely independent.
Performance
PNG.V vs. EQX.TO - Performance Comparison
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Returns By Period
In the year-to-date period, PNG.V achieves a 10.00% return, which is significantly higher than EQX.TO's -23.42% return. Over the past 10 years, PNG.V has outperformed EQX.TO with an annualized return of 41.42%, while EQX.TO has yielded a comparatively lower 8.39% annualized return.
PNG.V
- 1D
- -1.12%
- 1M
- -0.42%
- YTD
- 10.00%
- 6M
- 14.85%
- 1Y
- 143.60%
- 3Y*
- 142.28%
- 5Y*
- 61.04%
- 10Y*
- 41.42%
EQX.TO
- 1D
- 2.93%
- 1M
- -25.84%
- YTD
- -23.42%
- 6M
- -26.98%
- 1Y
- 65.42%
- 3Y*
- 33.49%
- 5Y*
- 6.41%
- 10Y*
- 8.39%
PNG.V vs. EQX.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PNG.V Kraken Robotics Inc | 10.00% | 132.73% | 323.08% | 14.04% | 52.00% | -34.21% | -5.00% | 62.16% | 111.43% | 34.62% |
EQX.TO Equinox Gold Corp. | -23.42% | 166.44% | 12.42% | 45.37% | -48.25% | -35.00% | 31.83% | 95.88% | -8.93% | -38.46% |
Correlation
The correlation between PNG.V and EQX.TO is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Jul 2, 2014 | 0.08 |
The correlation between PNG.V and EQX.TO shifts across timeframes, from 0.08 (10 years) to 0.23 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
PNG.V:
CA$2.16B
EQX.TO:
CA$12.17B
PNG.V:
-CA$0.00
EQX.TO:
$0.94
PNG.V:
19.37
EQX.TO:
2.43
PNG.V:
9.14
EQX.TO:
1.42
PNG.V:
CA$107.79M
EQX.TO:
$2.84B
PNG.V:
CA$62.68M
EQX.TO:
$1.21B
PNG.V:
CA$12.49M
EQX.TO:
$1.38B
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Return for Risk
PNG.V vs. EQX.TO — Risk / Return Rank
PNG.V
EQX.TO
PNG.V vs. EQX.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Kraken Robotics Inc (PNG.V) and Equinox Gold Corp. (EQX.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.
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.
| PNG.V | EQX.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.97 | ||
| Sortino ratioReturn per unit of downside risk | +1.03 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.22 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 4.28 | 1.40 | +2.88 |
| Martin ratioReturn relative to average drawdown | 9.47 | 4.22 | +5.25 |
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Drawdowns
PNG.V vs. EQX.TO - Drawdown Comparison
The maximum PNG.V drawdown since its inception was -83.33%, roughly equal to the maximum EQX.TO drawdown of -81.51%. Use the drawdown chart below to compare losses from any high point for PNG.V and EQX.TO.
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Drawdown Indicators
| PNG.V | EQX.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.33% | -81.51% | -1.82% |
Max Drawdown (1Y)Largest decline over 1 year | -33.72% | -46.96% | +13.24% |
Max Drawdown (3Y)Largest decline over 3 years | -33.72% | -46.96% | +13.24% |
Max Drawdown (5Y)Largest decline over 5 years | -56.15% | -69.34% | +13.19% |
Max Drawdown (10Y)Largest decline over 10 years | -71.21% | -80.51% | +9.30% |
Current DrawdownCurrent decline from peak | -31.18% | -42.34% | +11.16% |
Average DrawdownAverage peak-to-trough decline | -38.65% | -52.58% | +13.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.23% | 15.63% | -0.40% |
Volatility
PNG.V vs. EQX.TO - Volatility Comparison
Kraken Robotics Inc (PNG.V) has a higher volatility of 24.15% compared to Equinox Gold Corp. (EQX.TO) at 22.49%. This indicates that PNG.V's price experiences larger fluctuations and is considered to be riskier than EQX.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PNG.V | EQX.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.15% | 22.49% | +1.66% |
Volatility (6M)Calculated over the trailing 6-month period | 50.69% | 47.50% | +3.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 69.53% | 59.73% | +9.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 58.60% | 56.04% | +2.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 69.20% | 56.51% | +12.69% |
Dividends
PNG.V vs. EQX.TO - Dividend Comparison
PNG.V has not paid dividends to shareholders, while EQX.TO's dividend yield for the trailing twelve months is around 0.28%.
| Position | TTM |
|---|---|
EQX.TO Equinox Gold Corp. | 0.28% |
PNG.V Kraken Robotics Inc | 0.00% |
Financials
PNG.V vs. EQX.TO - Financials Comparison
This section allows you to compare key financial metrics between Kraken Robotics Inc 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
PNG.V vs. EQX.TO - Profitability Comparison
PNG.V - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Kraken Robotics Inc reported a gross profit of 9.35M and revenue of 21.71M. Therefore, the gross margin over that period was 43.1%.
EQX.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Equinox Gold Corp. reported a gross profit of 438.50M and revenue of 861.59M. Therefore, the gross margin over that period was 50.9%.
PNG.V - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Kraken Robotics Inc reported an operating income of -1.19M and revenue of 21.71M, resulting in an operating margin of -5.5%.
EQX.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Equinox Gold Corp. reported an operating income of 390.23M and revenue of 861.59M, resulting in an operating margin of 45.3%.
PNG.V - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Kraken Robotics Inc reported a net income of -3.33M and revenue of 21.71M, resulting in a net margin of -15.3%.
EQX.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Equinox Gold Corp. reported a net income of 310.11M and revenue of 861.59M, resulting in a net margin of 36.0%.
Frequently Asked Questions
PNG.V and EQX.TO have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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