SNIGX vs. AEM
SNIGX (SIT Large Cap Growth Fund) is Large Cap Growth Equities fund managed by Sit, while AEM (Agnico Eagle Mines Limited) is a stock. Over the past 10 years, SNIGX returned 16.33%/yr vs 13.66%/yr for AEM. At a 0.07 correlation, their price movements are largely independent.
Performance
SNIGX vs. AEM - Performance Comparison
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Returns By Period
In the year-to-date period, SNIGX achieves a 1.36% return, which is significantly higher than AEM's -7.48% return. Over the past 10 years, SNIGX has outperformed AEM with an annualized return of 16.33%, while AEM has yielded a comparatively lower 13.66% annualized return.
SNIGX
- 1D
- -0.22%
- 1M
- -4.03%
- YTD
- 1.36%
- 6M
- 0.55%
- 1Y
- 15.48%
- 3Y*
- 18.51%
- 5Y*
- 10.78%
- 10Y*
- 16.33%
AEM
- 1D
- 1.77%
- 1M
- -13.29%
- YTD
- -7.48%
- 6M
- -13.51%
- 1Y
- 31.61%
- 3Y*
- 49.77%
- 5Y*
- 23.06%
- 10Y*
- 13.66%
SNIGX vs. AEM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SNIGX SIT Large Cap Growth Fund | 1.36% | 15.24% | 26.21% | 39.68% | -28.26% | 28.39% | 33.99% | 32.89% | -3.28% | 27.78% |
AEM Agnico Eagle Mines Limited | -7.48% | 119.53% | 46.04% | 8.98% | 1.08% | -22.81% | 17.39% | 54.18% | -11.51% | 10.92% |
Correlation
The correlation between SNIGX and AEM is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Sep 7, 1984 | 0.07 |
Over the past year, SNIGX and AEM have become more correlated (0.30) than their long-term average of 0.07, meaning their price movements have been converging.
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Return for Risk
SNIGX vs. AEM — Risk / Return Rank
SNIGX
AEM
SNIGX vs. AEM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SIT Large Cap Growth Fund (SNIGX) and Agnico Eagle Mines Limited (AEM). 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.
| SNIGX | AEM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.43 | ||
| Sortino ratioReturn per unit of downside risk | +0.48 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.15 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.24 | 0.81 | +0.44 |
| Martin ratioReturn relative to average drawdown | 4.68 | 2.09 | +2.59 |
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Drawdowns
SNIGX vs. AEM - Drawdown Comparison
The maximum SNIGX drawdown since its inception was -64.95%, smaller than the maximum AEM drawdown of -90.49%. Use the drawdown chart below to compare losses from any high point for SNIGX and AEM.
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Drawdown Indicators
| SNIGX | AEM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.95% | -90.49% | +25.54% |
Max Drawdown (1Y)Largest decline over 1 year | -12.99% | -39.39% | +26.40% |
Max Drawdown (3Y)Largest decline over 3 years | -21.39% | -39.39% | +18.00% |
Max Drawdown (5Y)Largest decline over 5 years | -32.14% | -41.97% | +9.83% |
Max Drawdown (10Y)Largest decline over 10 years | -32.14% | -53.86% | +21.72% |
Current DrawdownCurrent decline from peak | -5.85% | -37.92% | +32.07% |
Average DrawdownAverage peak-to-trough decline | -15.73% | -46.64% | +30.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.45% | 15.19% | -11.74% |
Volatility
SNIGX vs. AEM - Volatility Comparison
The current volatility for SIT Large Cap Growth Fund (SNIGX) is 5.03%, while Agnico Eagle Mines Limited (AEM) has a volatility of 16.09%. This indicates that SNIGX experiences smaller price fluctuations and is considered to be less risky than AEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SNIGX | AEM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.03% | 16.09% | -11.06% |
Volatility (6M)Calculated over the trailing 6-month period | 11.03% | 36.69% | -25.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.22% | 44.90% | -30.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.20% | 37.18% | -16.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.52% | 37.42% | -16.90% |
Dividends
SNIGX vs. AEM - Dividend Comparison
SNIGX's dividend yield for the trailing twelve months is around 2.10%, more than AEM's 1.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AEM Agnico Eagle Mines Limited | 1.09% | 0.94% | 2.05% | 2.92% | 3.08% | 2.63% | 2.36% | 0.89% | 1.09% | 0.89% | 0.86% | 1.22% |
SNIGX SIT Large Cap Growth Fund | 2.10% | 2.13% | 4.01% | 1.84% | 3.87% | 5.89% | 5.33% | 9.56% | 10.20% | 11.95% | 7.73% | 29.92% |
Frequently Asked Questions
SNIGX and AEM have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AEM has higher volatility (16.09%) compared to SNIGX (5.03%). In terms of maximum drawdown, SNIGX dropped -64.95% vs AEM's -90.49%.
SNIGX currently has the higher Sharpe Ratio (1.14 vs 0.71), 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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