SLS.TO vs. ARG.TO

Last updated Jun 4, 2026

SLS.TO (Solaris Resources Inc.) and ARG.TO (Amerigo Resources Ltd.) are both stocks. Both are in the Basic Materials sector — SLS.TO in Other Precious Metals & Mining, ARG.TO in Copper. Over the past 5 years, SLS.TO returned 5.28%/yr vs 51.54%/yr for ARG.TO. At a 0.40 correlation, their price movements are largely independent.

Performance

SLS.TO vs. ARG.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Solaris Resources Inc. (SLS.TO) and Amerigo Resources Ltd. (ARG.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SLS.TO achieves a 30.64% return, which is significantly lower than ARG.TO's 59.88% return.

SLS.TO

• 1D: -5.77%
• 1M: 8.70%
• YTD: 30.64%
• 6M: 32.32%
• 1Y: 134.04%
• 3Y*: 34.55%
• 5Y*: 5.28%
• 10Y*: —

ARG.TO

• 1D: -4.90%
• 1M: 16.81%
• YTD: 59.88%
• 6M: 89.76%
• 1Y: 300.43%
• 3Y*: 80.97%
• 5Y*: 51.54%
• 10Y*: 53.71%

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

SLS.TO vs. ARG.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
SLS.TO Solaris Resources Inc.	30.64%	146.64%	7.99%	-35.87%	-61.98%	178.62%	305.33%
ARG.TO Amerigo Resources Ltd.	59.88%	211.73%	23.68%	14.36%	-1.43%	85.47%	53.85%

Correlation

The correlation between SLS.TO and ARG.TO is 0.58, 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	0.58
Correlation (3Y) Calculated over the trailing 3-year period	0.51
Correlation (5Y) Calculated over the trailing 5-year period	0.47
Correlation (All Time) Calculated using the full available price history since Jul 14, 2020	0.40

The correlation between SLS.TO and ARG.TO shifts across timeframes, from 0.40 (all time) to 0.58 (1 year), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap SLS.TO : CA$2.40B ARG.TO : CA$1.16B
EPS SLS.TO : -CA$0.18 ARG.TO : CA$0.29
Total Revenue (TTM) SLS.TO : CA$0.00 ARG.TO : CA$308.76M
Gross Profit (TTM) SLS.TO : -CA$915.60K ARG.TO : CA$84.85M
EBITDA (TTM) SLS.TO : -CA$24.14M ARG.TO : CA$102.47M

Return for Risk

SLS.TO vs. ARG.TO — Risk / Return Rank

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

SLS.TO

SLS.TO Risk / Return Rank: 90
SLS.TO Sharpe Ratio Rank: 92
SLS.TO Sortino Ratio Rank: 88
SLS.TO Omega Ratio Rank: 85
SLS.TO Calmar Ratio Rank: 91
SLS.TO Martin Ratio Rank: 93

ARG.TO

ARG.TO Risk / Return Rank: 98
ARG.TO Sharpe Ratio Rank: 99
ARG.TO Sortino Ratio Rank: 98
ARG.TO Omega Ratio Rank: 97
ARG.TO Calmar Ratio Rank: 97
ARG.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.

SLS.TO vs. ARG.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Solaris Resources Inc. (SLS.TO) and Amerigo Resources Ltd. (ARG.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.

	SLS.TO	ARG.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.55	6.06	-3.52
Sortino ratio: Return per unit of downside risk	2.98	5.04	-2.07
Omega ratio: Gain probability vs. loss probability	1.36	1.70	-0.34
Calmar ratio: Return relative to maximum drawdown	4.99	10.54	-5.55
Martin ratio: Return relative to average drawdown	15.49	36.85	-21.36
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SLS.TO vs. ARG.TO - Sharpe Ratio Comparison

The current SLS.TO Sharpe Ratio is 2.55, which is lower than the ARG.TO Sharpe Ratio of 6.06. The chart below compares the historical Sharpe Ratios of SLS.TO and ARG.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

	SLS.TO	ARG.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.55	6.06	-3.52
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.09	1.19	-1.09
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.90	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.77	0.01	+0.77

Drawdowns

SLS.TO vs. ARG.TO - Drawdown Comparison

The maximum SLS.TO drawdown since its inception was -84.59%, smaller than the maximum ARG.TO drawdown of -96.24%. Use the drawdown chart below to compare losses from any high point for SLS.TO and ARG.TO.

Drawdown Indicators

	SLS.TO	ARG.TO	Difference
Max Drawdown Largest peak-to-trough decline	-84.59%	-96.24%	+11.65%
Max Drawdown (1Y) Largest decline over 1 year	-27.01%	-28.72%	+1.71%
Max Drawdown (3Y) Largest decline over 3 years	-60.33%	-29.42%	-30.91%
Max Drawdown (5Y) Largest decline over 5 years	-84.59%	-52.89%	-31.70%
Max Drawdown (10Y) Largest decline over 10 years	—	-90.00%	—
Current Drawdown Current decline from peak	-15.17%	-4.90%	-10.27%
Average Drawdown Average peak-to-trough decline	-44.98%	-49.03%	+4.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.69%	8.20%	+0.49%

Volatility

SLS.TO vs. ARG.TO - Volatility Comparison

Solaris Resources Inc. (SLS.TO) and Amerigo Resources Ltd. (ARG.TO) have volatilities of 17.35% and 16.64%, 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.

Volatility by Period

	SLS.TO	ARG.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.35%	16.64%	+0.71%
Volatility (6M) Calculated over the trailing 6-month period	39.52%	39.81%	-0.29%
Volatility (1Y) Calculated over the trailing 1-year period	53.01%	49.94%	+3.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	57.03%	43.72%	+13.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	60.95%	60.24%	+0.71%

Dividends

SLS.TO vs. ARG.TO - Dividend Comparison

SLS.TO has not paid dividends to shareholders, while ARG.TO's dividend yield for the trailing twelve months is around 5.15%.

Position	TTM	2025	2024	2023	2022	2021
ARG.TO Amerigo Resources Ltd.	5.15%	3.96%	10.26%	8.63%	9.09%	1.37%
SLS.TO Solaris Resources Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both SLS.TO and ARG.TO in my portfolio?

SLS.TO and ARG.TO have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.