SKE.TO vs. GAU.TO

Last updated Jun 4, 2026

SKE.TO (Skeena Resources Limited) and GAU.TO (Galiano Gold Inc.) are both stocks. Both are in the Basic Materials sector — SKE.TO in Other Industrial Metals & Mining, GAU.TO in Gold. Over the past 10 years, SKE.TO returned 1.18%/yr vs -4.88%/yr for GAU.TO. At a 0.19 correlation, their price movements are largely independent.

Performance

SKE.TO vs. GAU.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Skeena Resources Limited (SKE.TO) and Galiano Gold Inc. (GAU.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SKE.TO achieves a 24.20% return, which is significantly higher than GAU.TO's -14.33% return. Over the past 10 years, SKE.TO has outperformed GAU.TO with an annualized return of 1.18%, while GAU.TO has yielded a comparatively lower -4.88% annualized return.

SKE.TO

• 1D: -5.20%
• 1M: 1.23%
• YTD: 24.20%
• 6M: 39.91%
• 1Y: 105.64%
• 3Y*: 77.42%
• 5Y*: 22.56%
• 10Y*: 1.18%

GAU.TO

• 1D: -2.92%
• 1M: -3.55%
• YTD: -14.33%
• 6M: -8.84%
• 1Y: 45.85%
• 3Y*: 57.87%
• 5Y*: 14.19%
• 10Y*: -4.88%

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

SKE.TO vs. GAU.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SKE.TO Skeena Resources Limited	24.20%	160.80%	93.80%	-10.54%	-45.25%	-4.29%	405.88%	126.67%	-57.14%	-91.25%
GAU.TO Galiano Gold Inc.	-14.33%	94.97%	45.53%	70.83%	-20.88%	-36.36%	16.26%	41.38%	-2.25%	-78.40%

Correlation

The correlation between SKE.TO and GAU.TO is 0.62, 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	0.62
Correlation (3Y) Calculated over the trailing 3-year period	0.46
Correlation (5Y) Calculated over the trailing 5-year period	0.41
Correlation (10Y) Calculated over the trailing 10-year period	0.31
Correlation (All Time) Calculated using the full available price history since Feb 1, 2005	0.19

Over the past year, SKE.TO and GAU.TO have become more correlated (0.62) than their long-term average of 0.19, meaning their price movements have been converging.

Fundamentals

Market Cap SKE.TO : CA$4.92B GAU.TO : CA$806.50M
EPS SKE.TO : -CA$2.12 GAU.TO : CA$0.11
PB Ratio SKE.TO : 27.30 GAU.TO : 3.17
Total Revenue (TTM) SKE.TO : CA$0.00 GAU.TO : CA$537.43M
Gross Profit (TTM) SKE.TO : -CA$1.08M GAU.TO : CA$260.74M
EBITDA (TTM) SKE.TO : -CA$88.04M GAU.TO : CA$245.70M

Return for Risk

SKE.TO vs. GAU.TO — Risk / Return Rank

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

SKE.TO

SKE.TO Risk / Return Rank: 84
SKE.TO Sharpe Ratio Rank: 87
SKE.TO Sortino Ratio Rank: 80
SKE.TO Omega Ratio Rank: 80
SKE.TO Calmar Ratio Rank: 85
SKE.TO Martin Ratio Rank: 85

GAU.TO

GAU.TO Risk / Return Rank: 62
GAU.TO Sharpe Ratio Rank: 63
GAU.TO Sortino Ratio Rank: 61
GAU.TO Omega Ratio Rank: 61
GAU.TO Calmar Ratio Rank: 64
GAU.TO Martin Ratio Rank: 63

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.

SKE.TO vs. GAU.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Skeena Resources Limited (SKE.TO) and Galiano Gold Inc. (GAU.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.

	SKE.TO	GAU.TO	Difference
Sharpe ratio Return per unit of total volatility	1.94	0.64	+1.30
Sortino ratio Return per unit of downside risk	2.32	1.29	+1.03
Omega ratio Gain probability vs. loss probability	1.30	1.17	+0.14
Calmar ratio Return relative to maximum drawdown	3.46	1.18	+2.28
Martin ratio Return relative to average drawdown	9.07	2.35	+6.72
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SKE.TO vs. GAU.TO - Sharpe Ratio Comparison

The current SKE.TO Sharpe Ratio is 1.94, which is higher than the GAU.TO Sharpe Ratio of 0.64. The chart below compares the historical Sharpe Ratios of SKE.TO and GAU.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

	SKE.TO	GAU.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.94	0.64	+1.30
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.41	0.24	+0.17
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.01	-0.08	+0.09
Sharpe Ratio (All Time) Calculated using the full available price history	0.00	0.09	-0.09

Drawdowns

SKE.TO vs. GAU.TO - Drawdown Comparison

The maximum SKE.TO drawdown since its inception was -99.99%, which is greater than GAU.TO's maximum drawdown of -94.83%. Use the drawdown chart below to compare losses from any high point for SKE.TO and GAU.TO.

Drawdown Indicators

	SKE.TO	GAU.TO	Difference
Max Drawdown Largest peak-to-trough decline	-99.99%	-94.83%	-5.16%
Max Drawdown (1Y) Largest decline over 1 year	-30.66%	-38.98%	+8.32%
Max Drawdown (3Y) Largest decline over 3 years	-37.92%	-45.52%	+7.60%
Max Drawdown (5Y) Largest decline over 5 years	-73.87%	-69.03%	-4.84%
Max Drawdown (10Y) Largest decline over 10 years	-98.65%	-91.93%	-6.72%
Current Drawdown Current decline from peak	-99.59%	-67.81%	-31.78%
Average Drawdown Average peak-to-trough decline	-80.46%	-61.94%	-18.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.69%	19.59%	-7.90%

Volatility

SKE.TO vs. GAU.TO - Volatility Comparison

The current volatility for Skeena Resources Limited (SKE.TO) is 18.01%, while Galiano Gold Inc. (GAU.TO) has a volatility of 19.11%. This indicates that SKE.TO experiences smaller price fluctuations and is considered to be less risky than GAU.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SKE.TO	GAU.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.01%	19.11%	-1.10%
Volatility (6M) Calculated over the trailing 6-month period	41.53%	50.28%	-8.75%
Volatility (1Y) Calculated over the trailing 1-year period	55.04%	72.31%	-17.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	55.52%	60.56%	-5.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	80.57%	62.39%	+18.18%

Dividends

SKE.TO vs. GAU.TO - Dividend Comparison

Neither SKE.TO nor GAU.TO has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both SKE.TO and GAU.TO in my portfolio?

SKE.TO and GAU.TO have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.