SKE.TO vs. ORE.TO
SKE.TO (Skeena Resources Limited) and ORE.TO (Orezone Gold Corporation) are both stocks. Both are in the Basic Materials sector — SKE.TO in Other Industrial Metals & Mining, ORE.TO in Gold. Over the past 10 years, SKE.TO returned 1.18%/yr vs 9.96%/yr for ORE.TO. At a 0.17 correlation, their price movements are largely independent.
Performance
SKE.TO vs. ORE.TO - Performance Comparison
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Returns By Period
In the year-to-date period, SKE.TO achieves a 24.20% return, which is significantly lower than ORE.TO's 47.46% return. Over the past 10 years, SKE.TO has underperformed ORE.TO with an annualized return of 1.18%, while ORE.TO has yielded a comparatively higher 9.96% 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%
ORE.TO
- 1D
- -0.76%
- 1M
- 33.85%
- YTD
- 47.46%
- 6M
- 57.23%
- 1Y
- 81.25%
- 3Y*
- 26.81%
- 5Y*
- 14.96%
- 10Y*
- 9.96%
SKE.TO vs. ORE.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% |
ORE.TO Orezone Gold Corporation | 47.46% | 176.56% | -24.71% | -32.54% | 5.00% | 9.09% | 66.67% | 15.79% | -19.72% | 33.96% |
Correlation
The correlation between SKE.TO and ORE.TO is 0.63, 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 | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.42 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Feb 26, 2009 | 0.17 |
Over the past year, SKE.TO and ORE.TO have become more correlated (0.63) than their long-term average of 0.17, meaning their price movements have been converging.
Fundamentals
SKE.TO:
CA$4.92B
ORE.TO:
CA$1.75B
SKE.TO:
-CA$2.12
ORE.TO:
CA$0.14
SKE.TO:
27.30
ORE.TO:
3.22
SKE.TO:
CA$0.00
ORE.TO:
CA$478.80M
SKE.TO:
-CA$1.08M
ORE.TO:
CA$224.13M
SKE.TO:
-CA$88.04M
ORE.TO:
CA$235.40M
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Return for Risk
SKE.TO vs. ORE.TO — Risk / Return Rank
SKE.TO
ORE.TO
SKE.TO vs. ORE.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Skeena Resources Limited (SKE.TO) and Orezone Gold Corporation (ORE.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 | ORE.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.63 | ||
| Sortino ratioReturn per unit of downside risk | +0.44 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.24 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.46 | 2.48 | +0.99 |
| Martin ratioReturn relative to average drawdown | 9.07 | 5.06 | +4.01 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SKE.TO | ORE.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.94 | 1.31 | +0.63 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | 0.26 | +0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.01 | 0.16 | -0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.00 | 0.13 | -0.13 |
Drawdowns
SKE.TO vs. ORE.TO - Drawdown Comparison
The maximum SKE.TO drawdown since its inception was -99.99%, roughly equal to the maximum ORE.TO drawdown of -95.63%. Use the drawdown chart below to compare losses from any high point for SKE.TO and ORE.TO.
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Drawdown Indicators
| SKE.TO | ORE.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.99% | -95.63% | -4.36% |
Max Drawdown (1Y)Largest decline over 1 year | -30.66% | -32.99% | +2.33% |
Max Drawdown (3Y)Largest decline over 3 years | -37.92% | -55.73% | +17.81% |
Max Drawdown (5Y)Largest decline over 5 years | -73.87% | -67.96% | -5.91% |
Max Drawdown (10Y)Largest decline over 10 years | -98.65% | -81.35% | -17.30% |
Current DrawdownCurrent decline from peak | -99.59% | -48.21% | -51.38% |
Average DrawdownAverage peak-to-trough decline | -80.46% | -71.00% | -9.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.69% | 16.29% | -4.60% |
Volatility
SKE.TO vs. ORE.TO - Volatility Comparison
Skeena Resources Limited (SKE.TO) has a higher volatility of 18.01% compared to Orezone Gold Corporation (ORE.TO) at 14.97%. This indicates that SKE.TO's price experiences larger fluctuations and is considered to be riskier than ORE.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SKE.TO | ORE.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.01% | 14.97% | +3.04% |
Volatility (6M)Calculated over the trailing 6-month period | 41.53% | 46.78% | -5.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.04% | 62.47% | -7.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.52% | 58.40% | -2.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 80.57% | 63.93% | +16.64% |
Dividends
SKE.TO vs. ORE.TO - Dividend Comparison
Neither SKE.TO nor ORE.TO has paid dividends to shareholders.
Financials
SKE.TO vs. ORE.TO - Financials Comparison
This section allows you to compare key financial metrics between Skeena Resources Limited and Orezone Gold Corporation. 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
SKE.TO and ORE.TO have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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