SKE.TO vs. TRX.TO

Last updated Apr 2, 2026

Compare and contrast key facts about Skeena Resources Limited (SKE.TO) and TRX Gold Corp (TRX.TO).

Performance

SKE.TO vs. TRX.TO - Performance Comparison

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SKE.TO Skeena Resources Limited	32.09%	160.80%	93.80%	-10.54%	-45.25%	-4.29%	405.88%	126.67%	-57.14%	-91.25%
TRX.TO TRX Gold Corp	68.50%	188.64%	-13.73%	13.33%	-8.16%	-41.67%	6.33%	64.58%	37.14%	-47.76%

Fundamentals

Total Revenue (TTM) SKE.TO : CA$0.00 TRX.TO : CA$38.01M
Gross Profit (TTM) SKE.TO : -CA$613.00K TRX.TO : CA$16.60M
EBITDA (TTM) SKE.TO : -CA$76.68M TRX.TO : CA$11.32M

Returns By Period

In the year-to-date period, SKE.TO achieves a 32.09% return, which is significantly lower than TRX.TO's 68.50% return. Over the past 10 years, SKE.TO has underperformed TRX.TO with an annualized return of 3.01%, while TRX.TO has yielded a comparatively higher 20.93% annualized return.

SKE.TO

• 1D: 3.93%
• 1M: -16.37%
• YTD: 32.09%
• 6M: 68.20%
• 1Y: 197.99%
• 3Y*: 73.25%
• 5Y*: 26.15%
• 10Y*: 3.01%

TRX.TO

• 1D: 3.38%
• 1M: -21.03%
• YTD: 68.50%
• 6M: 143.18%
• 1Y: 391.95%
• 3Y*: 48.76%
• 5Y*: 22.68%
• 10Y*: 20.93%

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

Return for Risk

SKE.TO vs. TRX.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: 95
SKE.TO Sharpe Ratio Rank: 97
SKE.TO Sortino Ratio Rank: 94
SKE.TO Omega Ratio Rank: 92
SKE.TO Calmar Ratio Rank: 96
SKE.TO Martin Ratio Rank: 97

TRX.TO

TRX.TO Risk / Return Rank: 97
TRX.TO Sharpe Ratio Rank: 99
TRX.TO Sortino Ratio Rank: 97
TRX.TO Omega Ratio Rank: 96
TRX.TO Calmar Ratio Rank: 98
TRX.TO Martin Ratio Rank: 98

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. TRX.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Skeena Resources Limited (SKE.TO) and TRX Gold Corp (TRX.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	TRX.TO	Difference
Sharpe ratio Return per unit of total volatility	3.43	4.49	-1.05
Sortino ratio Return per unit of downside risk	3.39	4.07	-0.68
Omega ratio Gain probability vs. loss probability	1.44	1.56	-0.12
Calmar ratio Return relative to maximum drawdown	6.42	9.16	-2.74
Martin ratio Return relative to average drawdown	21.13	26.46	-5.33
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. TRX.TO - Sharpe Ratio Comparison

The current SKE.TO Sharpe Ratio is 3.43, which is comparable to the TRX.TO Sharpe Ratio of 4.49. The chart below compares the historical Sharpe Ratios of SKE.TO and TRX.TO, 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

	SKE.TO	TRX.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.43	4.49	-1.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.47	0.36	+0.12
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.04	0.28	-0.24
Sharpe Ratio (All Time) Calculated using the full available price history	0.00	0.03	-0.03

Correlation

The correlation between SKE.TO and TRX.TO is 0.10, 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

SKE.TO vs. TRX.TO - Dividend Comparison

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

Tickers have no history of dividend payments

Drawdowns

SKE.TO vs. TRX.TO - Drawdown Comparison

The maximum SKE.TO drawdown since its inception was -99.99%, roughly equal to the maximum TRX.TO drawdown of -97.16%. Use the drawdown chart below to compare losses from any high point for SKE.TO and TRX.TO.

Drawdown Indicators

	SKE.TO	TRX.TO	Difference
Max Drawdown Largest peak-to-trough decline	-99.99%	-97.16%	-2.83%
Max Drawdown (1Y) Largest decline over 1 year	-30.66%	-41.02%	+10.36%
Max Drawdown (5Y) Largest decline over 5 years	-73.87%	-55.13%	-18.74%
Max Drawdown (10Y) Largest decline over 10 years	-98.65%	-83.07%	-15.58%
Current Drawdown Current decline from peak	-99.56%	-78.27%	-21.29%
Average Drawdown Average peak-to-trough decline	-80.37%	-67.02%	-13.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.31%	14.20%	-4.89%

Volatility

SKE.TO vs. TRX.TO - Volatility Comparison

The current volatility for Skeena Resources Limited (SKE.TO) is 15.66%, while TRX Gold Corp (TRX.TO) has a volatility of 26.67%. This indicates that SKE.TO experiences smaller price fluctuations and is considered to be less risky than TRX.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SKE.TO	TRX.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.66%	26.67%	-11.01%
Volatility (6M) Calculated over the trailing 6-month period	44.66%	77.25%	-32.59%
Volatility (1Y) Calculated over the trailing 1-year period	58.03%	88.12%	-30.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	55.45%	64.13%	-8.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	82.08%	75.99%	+6.09%

Financials