TRX.TO vs. SKE.TO

Last updated Apr 1, 2026

Compare and contrast key facts about TRX Gold Corp (TRX.TO) and Skeena Resources Limited (SKE.TO).

Performance

TRX.TO vs. SKE.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in TRX Gold Corp (TRX.TO) and Skeena Resources Limited (SKE.TO). The values are adjusted to include any dividend payments, if applicable.

TRX.TO vs. SKE.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TRX.TO TRX Gold Corp	62.99%	188.64%	-13.73%	13.33%	-8.16%	-41.67%	6.33%	64.58%	37.14%	-47.76%
SKE.TO Skeena Resources Limited	27.09%	160.80%	93.80%	-10.54%	-45.25%	-4.29%	405.88%	126.67%	-57.14%	-91.25%

Fundamentals

Total Revenue (TTM) TRX.TO : CA$38.01M SKE.TO : CA$0.00
Gross Profit (TTM) TRX.TO : CA$16.60M SKE.TO : -CA$613.00K
EBITDA (TTM) TRX.TO : CA$11.32M SKE.TO : -CA$76.68M

Returns By Period

In the year-to-date period, TRX.TO achieves a 62.99% return, which is significantly higher than SKE.TO's 27.09% return. Over the past 10 years, TRX.TO has outperformed SKE.TO with an annualized return of 20.53%, while SKE.TO has yielded a comparatively lower 2.62% annualized return.

TRX.TO

• 1D: 18.29%
• 1M: -16.53%
• YTD: 62.99%
• 6M: 135.23%
• 1Y: 360.00%
• 3Y*: 47.12%
• 5Y*: 21.87%
• 10Y*: 20.53%

SKE.TO

• 1D: 8.65%
• 1M: -20.31%
• YTD: 27.09%
• 6M: 61.65%
• 1Y: 185.53%
• 3Y*: 71.04%
• 5Y*: 25.18%
• 10Y*: 2.62%

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

Return for Risk

TRX.TO vs. SKE.TO — Risk / Return Rank

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

TRX.TO

TRX.TO Risk / Return Rank: 97
TRX.TO Sharpe Ratio Rank: 99
TRX.TO Sortino Ratio Rank: 96
TRX.TO Omega Ratio Rank: 96
TRX.TO Calmar Ratio Rank: 98
TRX.TO Martin Ratio Rank: 98

SKE.TO

SKE.TO Risk / Return Rank: 95
SKE.TO Sharpe Ratio Rank: 97
SKE.TO Sortino Ratio Rank: 93
SKE.TO Omega Ratio Rank: 92
SKE.TO Calmar Ratio Rank: 95
SKE.TO Martin Ratio Rank: 97

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.

TRX.TO vs. SKE.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TRX Gold Corp (TRX.TO) and Skeena Resources Limited (SKE.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.

	TRX.TO	SKE.TO	Difference
Sharpe ratio Return per unit of total volatility	4.12	3.22	+0.90
Sortino ratio Return per unit of downside risk	3.93	3.27	+0.65
Omega ratio Gain probability vs. loss probability	1.53	1.42	+0.11
Calmar ratio Return relative to maximum drawdown	8.53	6.10	+2.44
Martin ratio Return relative to average drawdown	24.77	20.19	+4.58
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TRX.TO vs. SKE.TO - Sharpe Ratio Comparison

The current TRX.TO Sharpe Ratio is 4.12, which is comparable to the SKE.TO Sharpe Ratio of 3.22. The chart below compares the historical Sharpe Ratios of TRX.TO and SKE.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

	TRX.TO	SKE.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.12	3.22	+0.90
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.34	0.46	-0.11
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.27	0.03	+0.24
Sharpe Ratio (All Time) Calculated using the full available price history	0.03	0.00	+0.03

Correlation

The correlation between TRX.TO and SKE.TO is 0.10, 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

TRX.TO vs. SKE.TO - Dividend Comparison

Neither TRX.TO nor SKE.TO has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

TRX.TO vs. SKE.TO - Drawdown Comparison

The maximum TRX.TO drawdown since its inception was -97.16%, roughly equal to the maximum SKE.TO drawdown of -99.99%. Use the drawdown chart below to compare losses from any high point for TRX.TO and SKE.TO.

Drawdown Indicators

	TRX.TO	SKE.TO	Difference
Max Drawdown Largest peak-to-trough decline	-97.16%	-99.99%	+2.83%
Max Drawdown (1Y) Largest decline over 1 year	-41.02%	-30.66%	-10.36%
Max Drawdown (5Y) Largest decline over 5 years	-55.13%	-73.87%	+18.74%
Max Drawdown (10Y) Largest decline over 10 years	-83.07%	-98.65%	+15.58%
Current Drawdown Current decline from peak	-78.98%	-99.58%	+20.60%
Average Drawdown Average peak-to-trough decline	-67.02%	-80.37%	+13.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.13%	9.26%	+4.87%

Volatility

TRX.TO vs. SKE.TO - Volatility Comparison

TRX Gold Corp (TRX.TO) has a higher volatility of 29.48% compared to Skeena Resources Limited (SKE.TO) at 16.41%. This indicates that TRX.TO's price experiences larger fluctuations and is considered to be riskier than SKE.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TRX.TO	SKE.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	29.48%	16.41%	+13.07%
Volatility (6M) Calculated over the trailing 6-month period	77.20%	44.55%	+32.65%
Volatility (1Y) Calculated over the trailing 1-year period	88.13%	57.93%	+30.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	64.13%	55.47%	+8.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	76.00%	82.09%	-6.09%

Financials