TKO.TO vs. KCN.AX

Last updated Jun 4, 2026

TKO.TO (Taseko Mines Limited) and KCN.AX (Kingsgate Consolidated Limited) are both stocks. Both are in the Basic Materials sector — TKO.TO in Copper, KCN.AX in Gold. Over the past 10 years, TKO.TO returned 32.27%/yr vs 30.26%/yr for KCN.AX. At a 0.08 correlation, their price movements are largely independent.

Performance

TKO.TO vs. KCN.AX - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Taseko Mines Limited (TKO.TO) and Kingsgate Consolidated Limited (KCN.AX). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

TKO.TO is traded in CAD, while KCN.AX is traded in AUD. To make them comparable, the KCN.AX values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, TKO.TO achieves a 39.25% return, which is significantly higher than KCN.AX's 6.45% return. Over the past 10 years, TKO.TO has outperformed KCN.AX with an annualized return of 32.27%, while KCN.AX has yielded a comparatively lower 30.26% annualized return.

TKO.TO

• 1D: -5.83%
• 1M: 15.72%
• YTD: 39.25%
• 6M: 47.61%
• 1Y: 229.88%
• 3Y*: 79.85%
• 5Y*: 29.86%
• 10Y*: 32.27%

KCN.AX

• 1D: -9.11%
• 1M: -9.51%
• YTD: 6.45%
• 6M: 25.74%
• 1Y: 190.63%
• 3Y*: 68.67%
• 5Y*: 46.19%
• 10Y*: 30.26%

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

TKO.TO vs. KCN.AX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TKO.TO Taseko Mines Limited	39.25%	177.50%	50.54%	-6.06%	-23.85%	56.63%	163.49%	-3.08%	-77.89%	153.45%
KCN.AX Kingsgate Consolidated Limited	6.45%	350.70%	-7.77%	-22.10%	-10.72%	98.39%	135.05%	148.67%	-60.83%	42.39%

Correlation

The correlation between TKO.TO and KCN.AX is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.13
Correlation (3Y) Calculated over the trailing 3-year period	0.07
Correlation (5Y) Calculated over the trailing 5-year period	0.06
Correlation (10Y) Calculated over the trailing 10-year period	0.08
Correlation (All Time) Calculated using the full available price history since Jun 23, 2009	0.08

Return for Risk

TKO.TO vs. KCN.AX — 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: 94
TKO.TO Sharpe Ratio Rank: 97
TKO.TO Sortino Ratio Rank: 92
TKO.TO Omega Ratio Rank: 92
TKO.TO Calmar Ratio Rank: 94
TKO.TO Martin Ratio Rank: 95

KCN.AX

KCN.AX Risk / Return Rank: 87
KCN.AX Sharpe Ratio Rank: 91
KCN.AX Sortino Ratio Rank: 84
KCN.AX Omega Ratio Rank: 85
KCN.AX Calmar Ratio Rank: 86
KCN.AX Martin Ratio Rank: 90

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. KCN.AX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Taseko Mines Limited (TKO.TO) and Kingsgate Consolidated Limited (KCN.AX). 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	KCN.AX	Difference
Sharpe ratio: Return per unit of total volatility	3.68	2.77	+0.91
Sortino ratio: Return per unit of downside risk	3.57	2.86	+0.71
Omega ratio: Gain probability vs. loss probability	1.47	1.39	+0.09
Calmar ratio: Return relative to maximum drawdown	6.56	4.27	+2.28
Martin ratio: Return relative to average drawdown	18.83	14.96	+3.87
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. KCN.AX - Sharpe Ratio Comparison

The current TKO.TO Sharpe Ratio is 3.68, which is higher than the KCN.AX Sharpe Ratio of 2.77. The chart below compares the historical Sharpe Ratios of TKO.TO and KCN.AX, 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

	TKO.TO	KCN.AX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.68	2.77	+0.91
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.51	0.71	-0.20
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.51	0.47	+0.04
Sharpe Ratio (All Time) Calculated using the full available price history	0.03	0.01	+0.02

Drawdowns

TKO.TO vs. KCN.AX - Drawdown Comparison

The maximum TKO.TO drawdown since its inception was -96.47%, roughly equal to the maximum KCN.AX drawdown of -98.74%. Use the drawdown chart below to compare losses from any high point for TKO.TO and KCN.AX.

Drawdown Indicators

	TKO.TO	KCN.AX	Difference
Max Drawdown Largest peak-to-trough decline	-96.47%	-98.74%	+2.27%
Max Drawdown (1Y) Largest decline over 1 year	-35.31%	-44.04%	+8.73%
Max Drawdown (3Y) Largest decline over 3 years	-41.02%	-44.04%	+3.02%
Max Drawdown (5Y) Largest decline over 5 years	-60.74%	-55.20%	-5.54%
Max Drawdown (10Y) Largest decline over 10 years	-89.56%	-71.85%	-17.71%
Current Drawdown Current decline from peak	-10.95%	-49.25%	+38.30%
Average Drawdown Average peak-to-trough decline	-66.16%	-76.45%	+10.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.27%	12.63%	-0.36%

Volatility

TKO.TO vs. KCN.AX - Volatility Comparison

The current volatility for Taseko Mines Limited (TKO.TO) is 21.65%, while Kingsgate Consolidated Limited (KCN.AX) has a volatility of 25.00%. This indicates that TKO.TO experiences smaller price fluctuations and is considered to be less risky than KCN.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TKO.TO	KCN.AX	Difference
Volatility (1M) Calculated over the trailing 1-month period	21.65%	25.00%	-3.35%
Volatility (6M) Calculated over the trailing 6-month period	47.83%	54.60%	-6.77%
Volatility (1Y) Calculated over the trailing 1-year period	62.97%	67.95%	-4.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	59.27%	64.71%	-5.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	63.15%	63.76%	-0.61%

Dividends

TKO.TO vs. KCN.AX - Dividend Comparison

TKO.TO has not paid dividends to shareholders, while KCN.AX's dividend yield for the trailing twelve months is around 1.83%.

Position	TTM
KCN.AX Kingsgate Consolidated Limited	1.83%
TKO.TO Taseko Mines Limited	0.00%

Financials

Frequently Asked Questions

Can I hold both TKO.TO and KCN.AX in my portfolio?

TKO.TO and KCN.AX have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.