VNP.TO vs. LUG.TO

Last updated Apr 1, 2026

Compare and contrast key facts about 5N Plus Inc. (VNP.TO) and Lundin Gold Inc. (LUG.TO).

Performance

VNP.TO vs. LUG.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in 5N Plus Inc. (VNP.TO) and Lundin Gold Inc. (LUG.TO). The values are adjusted to include any dividend payments, if applicable.

VNP.TO vs. LUG.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VNP.TO 5N Plus Inc.	78.78%	140.11%	95.24%	29.90%	22.27%	-19.32%	19.92%	-20.65%	3.33%	67.60%
LUG.TO Lundin Gold Inc.	-5.51%	291.32%	91.60%	29.57%	30.62%	-4.67%	31.21%	66.93%	10.15%	-13.88%

Fundamentals

Market Cap VNP.TO : CA$2.82B LUG.TO : CA$25.81B
EPS VNP.TO : CA$0.56 LUG.TO : CA$3.28
PE Ratio VNP.TO : 56.30 LUG.TO : 32.41
PEG Ratio VNP.TO : 0.38 LUG.TO : 0.43
PS Ratio VNP.TO : 7.26 LUG.TO : 14.40
PB Ratio VNP.TO : 14.21 LUG.TO : 18.95
Total Revenue (TTM) VNP.TO : CA$391.32M LUG.TO : CA$1.79B
Gross Profit (TTM) VNP.TO : CA$115.50M LUG.TO : CA$1.26B
EBITDA (TTM) VNP.TO : CA$90.30M LUG.TO : CA$1.25B

Returns By Period

In the year-to-date period, VNP.TO achieves a 78.78% return, which is significantly higher than LUG.TO's -5.51% return. Over the past 10 years, VNP.TO has underperformed LUG.TO with an annualized return of 32.92%, while LUG.TO has yielded a comparatively higher 38.67% annualized return.

VNP.TO

• 1D: 5.74%
• 1M: 6.81%
• YTD: 78.78%
• 6M: 86.24%
• 1Y: 496.61%
• 3Y*: 109.61%
• 5Y*: 46.59%
• 10Y*: 32.92%

LUG.TO

• 1D: 7.21%
• 1M: -16.21%
• YTD: -5.51%
• 6M: 20.71%
• 1Y: 151.69%
• 3Y*: 96.76%
• 5Y*: 64.31%
• 10Y*: 38.67%

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

Return for Risk

VNP.TO vs. LUG.TO — Risk / Return Rank

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

VNP.TO

VNP.TO Risk / Return Rank: 99
VNP.TO Sharpe Ratio Rank: 100
VNP.TO Sortino Ratio Rank: 99
VNP.TO Omega Ratio Rank: 99
VNP.TO Calmar Ratio Rank: 100
VNP.TO Martin Ratio Rank: 100

LUG.TO

LUG.TO Risk / Return Rank: 93
LUG.TO Sharpe Ratio Rank: 95
LUG.TO Sortino Ratio Rank: 89
LUG.TO Omega Ratio Rank: 90
LUG.TO Calmar Ratio Rank: 96
LUG.TO Martin Ratio Rank: 96

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.

VNP.TO vs. LUG.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for 5N Plus Inc. (VNP.TO) and Lundin Gold Inc. (LUG.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.

	VNP.TO	LUG.TO	Difference
Sharpe ratio Return per unit of total volatility	9.14	2.59	+6.55
Sortino ratio Return per unit of downside risk	6.83	2.68	+4.14
Omega ratio Gain probability vs. loss probability	1.87	1.38	+0.48
Calmar ratio Return relative to maximum drawdown	26.20	6.23	+19.97
Martin ratio Return relative to average drawdown	82.45	17.98	+64.48
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VNP.TO vs. LUG.TO - Sharpe Ratio Comparison

The current VNP.TO Sharpe Ratio is 9.14, which is higher than the LUG.TO Sharpe Ratio of 2.59. The chart below compares the historical Sharpe Ratios of VNP.TO and LUG.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

	VNP.TO	LUG.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	9.14	2.59	+6.55
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.88	1.42	-0.54
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.66	0.89	-0.23
Sharpe Ratio (All Time) Calculated using the full available price history	0.18	0.00	+0.18

Correlation

The correlation between VNP.TO and LUG.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

VNP.TO vs. LUG.TO - Dividend Comparison

VNP.TO has not paid dividends to shareholders, while LUG.TO's dividend yield for the trailing twelve months is around 4.69%.

	TTM	2025	2024	2023	2022
VNP.TO 5N Plus Inc.	0.00%	0.00%	0.00%	0.00%	0.00%
LUG.TO Lundin Gold Inc.	4.69%	3.37%	2.69%	3.28%	1.97%

Drawdowns

VNP.TO vs. LUG.TO - Drawdown Comparison

The maximum VNP.TO drawdown since its inception was -92.70%, roughly equal to the maximum LUG.TO drawdown of -95.45%. Use the drawdown chart below to compare losses from any high point for VNP.TO and LUG.TO.

Drawdown Indicators

	VNP.TO	LUG.TO	Difference
Max Drawdown Largest peak-to-trough decline	-92.70%	-95.45%	+2.75%
Max Drawdown (1Y) Largest decline over 1 year	-19.17%	-25.33%	+6.16%
Max Drawdown (5Y) Largest decline over 5 years	-77.07%	-38.94%	-38.13%
Max Drawdown (10Y) Largest decline over 10 years	-77.45%	-41.84%	-35.61%
Current Drawdown Current decline from peak	-8.86%	-16.21%	+7.35%
Average Drawdown Average peak-to-trough decline	-67.53%	-65.23%	-2.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.09%	8.78%	-2.69%

Volatility

VNP.TO vs. LUG.TO - Volatility Comparison

5N Plus Inc. (VNP.TO) and Lundin Gold Inc. (LUG.TO) have volatilities of 19.31% and 20.25%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VNP.TO	LUG.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.31%	20.25%	-0.94%
Volatility (6M) Calculated over the trailing 6-month period	41.38%	43.60%	-2.22%
Volatility (1Y) Calculated over the trailing 1-year period	54.81%	59.05%	-4.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	53.20%	45.61%	+7.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	50.36%	43.61%	+6.75%

Financials

VNP.TO vs. LUG.TO - Profitability Comparison

The chart below illustrates the profitability comparison between 5N Plus Inc. and Lundin Gold Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

VNP.TO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, 5N Plus Inc. reported a gross profit of 25.21M and revenue of 103.54M. Therefore, the gross margin over that period was 24.4%.

LUG.TO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Lundin Gold Inc. reported a gross profit of 359.14M and revenue of 534.69M. Therefore, the gross margin over that period was 67.2%.

VNP.TO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, 5N Plus Inc. reported an operating income of 12.00M and revenue of 103.54M, resulting in an operating margin of 11.6%.

LUG.TO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Lundin Gold Inc. reported an operating income of 334.43M and revenue of 534.69M, resulting in an operating margin of 62.6%.

VNP.TO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, 5N Plus Inc. reported a net income of 7.71M and revenue of 103.54M, resulting in a net margin of 7.4%.

LUG.TO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Lundin Gold Inc. reported a net income of 237.81M and revenue of 534.69M, resulting in a net margin of 44.5%.