SKE vs. AU
SKE (Skeena Resources Ltd) and AU (AngloGold Ashanti Limited) are both stocks. Both are in the Basic Materials sector — SKE in Other Industrial Metals & Mining, AU in Gold. Over the past 5 years, SKE returned 16.41%/yr vs 35.46%/yr for AU. At a 0.42 correlation, their price movements are largely independent.
Performance
SKE vs. AU - Performance Comparison
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Returns By Period
In the year-to-date period, SKE achieves a 18.46% return, which is significantly higher than AU's 4.15% return.
SKE
- 1D
- 7.87%
- 1M
- -9.29%
- YTD
- 18.46%
- 6M
- 15.02%
- 1Y
- 91.35%
- 3Y*
- 77.46%
- 5Y*
- 16.41%
- 10Y*
- —
AU
- 1D
- 3.75%
- 1M
- -5.30%
- YTD
- 4.15%
- 6M
- 7.11%
- 1Y
- 79.12%
- 3Y*
- 58.20%
- 5Y*
- 35.46%
- 10Y*
- 20.46%
SKE vs. AU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SKE Skeena Resources Ltd | 18.46% | 172.13% | 78.69% | -8.27% | -48.99% | -4.14% | 428.16% | 134.09% | -59.87% | 878.93% |
AU AngloGold Ashanti Limited | 4.15% | 288.18% | 25.43% | -2.68% | -5.09% | -4.87% | 1.90% | 78.89% | 23.96% | 10.88% |
Correlation
The correlation between SKE and AU is 0.70, 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 | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Sep 22, 2017 | 0.42 |
Over the past year, SKE and AU have become more correlated (0.70) than their long-term average of 0.42, meaning their price movements have been converging.
Fundamentals
SKE:
$3.42B
AU:
$43.57B
SKE:
-CA$2.12
AU:
$6.85
SKE:
26.44
AU:
5.11
SKE:
CA$0.00
AU:
$11.17B
SKE:
-CA$1.29M
AU:
$5.82B
SKE:
-CA$109.58M
AU:
$5.58B
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Return for Risk
SKE vs. AU — Risk / Return Rank
SKE
AU
SKE vs. AU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Skeena Resources Ltd (SKE) and AngloGold Ashanti Limited (AU). 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.
| SKE | AU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.12 | ||
| Sortino ratioReturn per unit of downside risk | +0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.26 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.76 | 2.35 | +0.41 |
| Martin ratioReturn relative to average drawdown | 7.15 | 6.18 | +0.96 |
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Drawdowns
SKE vs. AU - Drawdown Comparison
The maximum SKE drawdown since its inception was -75.69%, smaller than the maximum AU drawdown of -90.12%. Use the drawdown chart below to compare losses from any high point for SKE and AU.
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Drawdown Indicators
| SKE | AU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.69% | -90.12% | +14.43% |
Max Drawdown (1Y)Largest decline over 1 year | -34.71% | -37.03% | +2.32% |
Max Drawdown (3Y)Largest decline over 3 years | -38.40% | -37.70% | -0.70% |
Max Drawdown (5Y)Largest decline over 5 years | -75.69% | -51.75% | -23.94% |
Max Drawdown (10Y)Largest decline over 10 years | — | -67.91% | — |
Current DrawdownCurrent decline from peak | -26.26% | -30.75% | +4.49% |
Average DrawdownAverage peak-to-trough decline | -34.38% | -46.07% | +11.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.37% | 14.04% | -0.67% |
Volatility
SKE vs. AU - Volatility Comparison
Skeena Resources Ltd (SKE) and AngloGold Ashanti Limited (AU) have volatilities of 22.02% and 21.02%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SKE | AU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.02% | 21.02% | +1.00% |
Volatility (6M)Calculated over the trailing 6-month period | 45.45% | 46.50% | -1.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 59.38% | 58.45% | +0.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 58.32% | 49.13% | +9.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 386.82% | 49.79% | +337.03% |
Dividends
SKE vs. AU - Dividend Comparison
SKE has not paid dividends to shareholders, while AU's dividend yield for the trailing twelve months is around 5.33%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
AU AngloGold Ashanti Limited | 5.33% | 2.96% | 1.78% | 1.14% | 2.26% | 2.58% | 0.49% | 0.30% | 0.48% | 0.93% |
SKE Skeena Resources Ltd | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
SKE vs. AU - Financials Comparison
This section allows you to compare key financial metrics between Skeena Resources Ltd and AngloGold Ashanti Limited. 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 and AU have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SKE has higher volatility (22.02%) compared to AU (21.02%). In terms of maximum drawdown, SKE dropped -75.69% vs AU's -90.12%.
SKE currently has the higher Sharpe Ratio (1.61 vs 1.50), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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