SSL.TO vs. CMCX.L

Last updated Jun 4, 2026

SSL.TO (Sandstorm Gold Ltd.) and CMCX.L (CMC Markets plc) are both stocks. SSL.TO operates in Gold (Basic Materials), while CMCX.L operates in Capital Markets (Financial Services). At a 0.02 correlation, their price movements are largely independent.

Performance

SSL.TO vs. CMCX.L - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Sandstorm Gold Ltd. (SSL.TO) and CMC Markets plc (CMCX.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

SSL.TO is traded in CAD, while CMCX.L is traded in GBp. To make them comparable, the CMCX.L values have been converted to CAD using the latest available exchange rates.

Returns By Period

SSL.TO

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CMCX.L

• 1D: -1.07%
• 1M: 1.76%
• YTD: 24.35%
• 6M: 26.65%
• 1Y: 35.60%
• 3Y*: 37.12%
• 5Y*: 0.37%
• 10Y*: 33.89%

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

SSL.TO vs. CMCX.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SSL.TO Sandstorm Gold Ltd.	0.00%	101.57%	23.55%	8.31%	2.69%	-13.93%	-5.88%	61.91%	0.64%	19.17%
CMCX.L CMC Markets plc	24.35%	30.48%	160.64%	-49.99%	-14.82%	-29.54%	187.67%	41.66%	559.48%	49.12%

Correlation

The correlation between SSL.TO and CMCX.L is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.02
Correlation (3Y) Calculated over the trailing 3-year period	0.03
Correlation (5Y) Calculated over the trailing 5-year period	0.06
Correlation (10Y) Calculated over the trailing 10-year period	0.03
Correlation (All Time) Calculated using the full available price history since Feb 8, 2016	0.02

Fundamentals

Market Cap SSL.TO : CA$4.85B CMCX.L : £996.54M
EPS SSL.TO : CA$0.11 CMCX.L : £0.54
PE Ratio SSL.TO : 140.94 CMCX.L : 6.76
PS Ratio SSL.TO : 25.06 CMCX.L : 1.33
PB Ratio SSL.TO : 3.40 CMCX.L : 2.34
Total Revenue (TTM) SSL.TO : CA$193.59M CMCX.L : £747.21M
Gross Profit (TTM) SSL.TO : CA$163.20M CMCX.L : £363.93M
EBITDA (TTM) SSL.TO : CA$148.46M CMCX.L : £161.09M

Return for Risk

SSL.TO vs. CMCX.L — Risk / Return Rank

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

CMCX.L

CMCX.L Risk / Return Rank: 68
CMCX.L Sharpe Ratio Rank: 67
CMCX.L Sortino Ratio Rank: 67
CMCX.L Omega Ratio Rank: 73
CMCX.L Calmar Ratio Rank: 67
CMCX.L Martin Ratio Rank: 65

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.

SSL.TO vs. CMCX.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sandstorm Gold Ltd. (SSL.TO) and CMC Markets plc (CMCX.L). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	SSL.TO	CMCX.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.81	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.01	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.13	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.14	—

Drawdowns

Drawdown Indicators

	SSL.TO	CMCX.L	Difference
Max Drawdown Largest peak-to-trough decline	—	-81.08%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-25.66%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-46.42%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-79.70%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-81.08%	—
Current Drawdown Current decline from peak	—	-6.84%	—
Average Drawdown Average peak-to-trough decline	—	-35.65%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	7.20%	—

Volatility

Volatility by Period

	SSL.TO	CMCX.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	7.02%	—
Volatility (6M) Calculated over the trailing 6-month period	—	19.33%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	43.59%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	46.89%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	251.64%	—

Dividends

SSL.TO vs. CMCX.L - Dividend Comparison

SSL.TO's dividend yield for the trailing twelve months is around 0.12%, less than CMCX.L's 3.75% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
CMCX.L CMC Markets plc	3.75%	4.62%	4.19%	4.67%	5.53%	9.46%	5.47%	2.41%	102.65%	5.95%	7.64%
SSL.TO Sandstorm Gold Ltd.	0.12%	0.25%	1.94%	14.70%	13.03%	0.00%	0.00%	4.21%	0.00%	0.00%	0.00%

Financials

SSL.TO vs. CMCX.L - Profitability Comparison

The chart below illustrates the profitability comparison between Sandstorm Gold Ltd. and CMC Markets plc over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

SSL.TO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Sandstorm Gold Ltd. reported a gross profit of 42.70M and revenue of 51.42M. Therefore, the gross margin over that period was 83.0%.

CMCX.L - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, CMC Markets plc reported a gross profit of 0.00 and revenue of 193.69M. Therefore, the gross margin over that period was 0.0%.

SSL.TO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Sandstorm Gold Ltd. reported an operating income of 39.05M and revenue of 51.42M, resulting in an operating margin of 76.0%.

CMCX.L - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, CMC Markets plc reported an operating income of 53.50M and revenue of 193.69M, resulting in an operating margin of 27.6%.

SSL.TO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Sandstorm Gold Ltd. reported a net income of 15.46M and revenue of 51.42M, resulting in a net margin of 30.1%.

CMCX.L - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, CMC Markets plc reported a net income of 35.94M and revenue of 193.69M, resulting in a net margin of 18.6%.

Frequently Asked Questions

Can I hold both SSL.TO and CMCX.L in my portfolio?

SSL.TO and CMCX.L have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.