TKO.TO vs. FM.TO

Last updated Apr 1, 2026

Compare and contrast key facts about Taseko Mines Limited (TKO.TO) and First Quantum Minerals Ltd. (FM.TO).

Performance

TKO.TO vs. FM.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Taseko Mines Limited (TKO.TO) and First Quantum Minerals Ltd. (FM.TO). The values are adjusted to include any dividend payments, if applicable.

TKO.TO vs. FM.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TKO.TO Taseko Mines Limited	15.96%	177.50%	50.54%	-6.06%	-23.85%	56.63%	163.49%	-3.08%	-77.89%	153.45%
FM.TO First Quantum Minerals Ltd.	-9.62%	98.60%	70.78%	-61.41%	-5.96%	32.52%	73.68%	19.40%	-37.27%	32.00%

Fundamentals

Market Cap TKO.TO : CA$3.21B FM.TO : CA$27.72B
EPS TKO.TO : -CA$0.09 FM.TO : -CA$0.03
PS Ratio TKO.TO : 4.42 FM.TO : 5.31
PB Ratio TKO.TO : 4.12 FM.TO : 2.48
Total Revenue (TTM) TKO.TO : CA$673.28M FM.TO : CA$5.22B
Gross Profit (TTM) TKO.TO : CA$145.84M FM.TO : CA$1.44B
EBITDA (TTM) TKO.TO : CA$179.39M FM.TO : CA$1.83B

Returns By Period

In the year-to-date period, TKO.TO achieves a 15.96% return, which is significantly higher than FM.TO's -9.62% return. Over the past 10 years, TKO.TO has outperformed FM.TO with an annualized return of 29.30%, while FM.TO has yielded a comparatively lower 17.40% annualized return.

TKO.TO

• 1D: 10.42%
• 1M: -25.84%
• YTD: 15.96%
• 6M: 52.71%
• 1Y: 179.81%
• 3Y*: 59.03%
• 5Y*: 31.86%
• 10Y*: 29.30%

FM.TO

• 1D: 7.12%
• 1M: -18.56%
• YTD: -9.62%
• 6M: 5.65%
• 1Y: 71.89%
• 3Y*: 2.51%
• 5Y*: 6.17%
• 10Y*: 17.40%

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

Return for Risk

TKO.TO vs. FM.TO — Risk / Return Rank

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

TKO.TO

TKO.TO Risk / Return Rank: 93
TKO.TO Sharpe Ratio Rank: 96
TKO.TO Sortino Ratio Rank: 92
TKO.TO Omega Ratio Rank: 91
TKO.TO Calmar Ratio Rank: 94
TKO.TO Martin Ratio Rank: 95

FM.TO

FM.TO Risk / Return Rank: 81
FM.TO Sharpe Ratio Rank: 85
FM.TO Sortino Ratio Rank: 79
FM.TO Omega Ratio Rank: 78
FM.TO Calmar Ratio Rank: 80
FM.TO Martin Ratio Rank: 83

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.

TKO.TO vs. FM.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Taseko Mines Limited (TKO.TO) and First Quantum Minerals Ltd. (FM.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.

	TKO.TO	FM.TO	Difference
Sharpe ratio Return per unit of total volatility	2.81	1.51	+1.30
Sortino ratio Return per unit of downside risk	3.06	2.03	+1.03
Omega ratio Gain probability vs. loss probability	1.40	1.27	+0.14
Calmar ratio Return relative to maximum drawdown	5.02	2.24	+2.78
Martin ratio Return relative to average drawdown	16.53	6.96	+9.57
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TKO.TO vs. FM.TO - Sharpe Ratio Comparison

The current TKO.TO Sharpe Ratio is 2.81, which is higher than the FM.TO Sharpe Ratio of 1.51. The chart below compares the historical Sharpe Ratios of TKO.TO and FM.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

	TKO.TO	FM.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.81	1.51	+1.30
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.54	0.11	+0.43
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.46	0.28	+0.18
Sharpe Ratio (All Time) Calculated using the full available price history	0.02	0.29	-0.27

Correlation

The correlation between TKO.TO and FM.TO is 0.36, 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

TKO.TO vs. FM.TO - Dividend Comparison

Neither TKO.TO nor FM.TO has paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TKO.TO Taseko Mines Limited	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FM.TO First Quantum Minerals Ltd.	0.00%	0.00%	0.00%	1.94%	0.58%	0.03%	0.04%	0.08%	0.09%	0.06%	0.11%	1.58%

Drawdowns

TKO.TO vs. FM.TO - Drawdown Comparison

The maximum TKO.TO drawdown since its inception was -96.47%, which is greater than FM.TO's maximum drawdown of -90.98%. Use the drawdown chart below to compare losses from any high point for TKO.TO and FM.TO.

Drawdown Indicators

	TKO.TO	FM.TO	Difference
Max Drawdown Largest peak-to-trough decline	-96.47%	-90.98%	-5.49%
Max Drawdown (1Y) Largest decline over 1 year	-35.31%	-30.35%	-4.96%
Max Drawdown (5Y) Largest decline over 5 years	-62.97%	-78.27%	+15.30%
Max Drawdown (10Y) Largest decline over 10 years	-89.56%	-78.27%	-11.29%
Current Drawdown Current decline from peak	-25.84%	-25.11%	-0.73%
Average Drawdown Average peak-to-trough decline	-66.44%	-36.83%	-29.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.72%	9.78%	+0.94%

Volatility

TKO.TO vs. FM.TO - Volatility Comparison

Taseko Mines Limited (TKO.TO) has a higher volatility of 22.24% compared to First Quantum Minerals Ltd. (FM.TO) at 20.11%. This indicates that TKO.TO's price experiences larger fluctuations and is considered to be riskier than FM.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TKO.TO	FM.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	22.24%	20.11%	+2.13%
Volatility (6M) Calculated over the trailing 6-month period	47.54%	33.99%	+13.55%
Volatility (1Y) Calculated over the trailing 1-year period	64.51%	47.91%	+16.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	59.42%	57.55%	+1.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	63.48%	61.38%	+2.10%

Financials

TKO.TO vs. FM.TO - Profitability Comparison

The chart below illustrates the profitability comparison between Taseko Mines Limited and First Quantum Minerals Ltd. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

TKO.TO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Taseko Mines Limited reported a gross profit of 94.75M and revenue of 244.15M. Therefore, the gross margin over that period was 38.8%.

FM.TO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, First Quantum Minerals Ltd. reported a gross profit of 416.00M and revenue of 1.48B. Therefore, the gross margin over that period was 28.2%.

TKO.TO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Taseko Mines Limited reported an operating income of 84.39M and revenue of 244.15M, resulting in an operating margin of 34.6%.

FM.TO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, First Quantum Minerals Ltd. reported an operating income of 308.00M and revenue of 1.48B, resulting in an operating margin of 20.9%.

TKO.TO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Taseko Mines Limited reported a net income of 4.45M and revenue of 244.15M, resulting in a net margin of 1.8%.

FM.TO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, First Quantum Minerals Ltd. reported a net income of 25.00M and revenue of 1.48B, resulting in a net margin of 1.7%.