WDO.TO vs. ARIS
WDO.TO (Wesdome Gold Mines Ltd.) and ARIS (Aris Water Solutions, Inc.) are both stocks. WDO.TO operates in Gold (Basic Materials), while ARIS operates in Utilities - Regulated Water (Utilities). Over the past 3 years, WDO.TO returned 57.61%/yr vs 86.11%/yr for ARIS. A 0.53 correlation means they provide meaningful diversification when combined.
Performance
WDO.TO vs. ARIS - Performance Comparison
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Different Trading Currencies
WDO.TO is traded in CAD, while ARIS is traded in USD. To make them comparable, the ARIS values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, WDO.TO achieves a 15.52% return, which is significantly higher than ARIS's -7.23% return.
WDO.TO
- 1D
- -2.45%
- 1M
- 6.83%
- 6M
- 6.83%
- YTD
- 15.52%
- 1Y
- 44.42%
- 3Y*
- 57.61%
- 5Y*
- 16.54%
- 10Y*
- 29.18%
ARIS
- 1D
- -1.32%
- 1M
- -2.09%
- 6M
- -10.72%
- YTD
- -7.23%
- 1Y
- 114.18%
- 3Y*
- 86.11%
- 5Y*
- —
- 10Y*
- —
WDO.TO vs. ARIS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
WDO.TO Wesdome Gold Mines Ltd. | 15.52% | 76.14% | 67.44% | 3.07% | -35.01% | 3.97% |
ARIS Aris Water Solutions, Inc. | -7.23% | 342.54% | 15.57% | 28.79% | -35.77% | 4.40% |
Correlation
The correlation between WDO.TO and ARIS is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Oct 22, 2021 | 0.53 |
The correlation between WDO.TO and ARIS has been stable across timeframes, ranging from 0.53 to 0.58 - a consistent structural relationship.
Fundamentals
WDO.TO:
CA$3.90B
ARIS:
$3.01B
WDO.TO:
CA$2.68
ARIS:
$0.85
WDO.TO:
9.80
ARIS:
17.19
WDO.TO:
0.12
ARIS:
0.34
WDO.TO:
3.87
ARIS:
2.61
WDO.TO:
3.90
ARIS:
1.94
WDO.TO:
CA$1.03B
ARIS:
$1.14B
WDO.TO:
CA$636.67M
ARIS:
$612.94M
WDO.TO:
CA$694.56M
ARIS:
$432.53M
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Return for Risk
WDO.TO vs. ARIS — Risk / Return Rank
WDO.TO
ARIS
WDO.TO vs. ARIS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Wesdome Gold Mines Ltd. (WDO.TO) and Aris Water Solutions, Inc. (ARIS). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| WDO.TO | ARIS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.45 | ||
| Sortino ratioReturn per unit of downside risk | -1.12 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.34 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.82 | 4.19 | -2.37 |
| Martin ratioReturn relative to average drawdown | 4.16 | 11.29 | -7.13 |
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Drawdowns
WDO.TO vs. ARIS - Drawdown Comparison
The maximum WDO.TO drawdown since its inception was -89.14%, which is greater than ARIS's maximum drawdown of -54.73%. Use the drawdown chart below to compare losses from any high point for WDO.TO and ARIS.
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Drawdown Indicators
| WDO.TO | ARIS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.14% | -54.73% | -34.41% |
Max Drawdown (1Y)Largest decline over 1 year | -25.42% | -33.51% | +8.09% |
Max Drawdown (3Y)Largest decline over 3 years | -25.42% | -33.51% | +8.09% |
Max Drawdown (5Y)Largest decline over 5 years | -62.68% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -62.68% | — | — |
Current DrawdownCurrent decline from peak | -15.15% | -30.91% | +15.76% |
Average DrawdownAverage peak-to-trough decline | -35.24% | -20.78% | -14.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.10% | 11.66% | -0.56% |
Volatility
WDO.TO vs. ARIS - Volatility Comparison
The current volatility for Wesdome Gold Mines Ltd. (WDO.TO) is 19.24%, while Aris Water Solutions, Inc. (ARIS) has a volatility of 21.71%. This indicates that WDO.TO experiences smaller price fluctuations and is considered to be less risky than ARIS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WDO.TO | ARIS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.24% | 21.71% | -2.47% |
Volatility (6M)Calculated over the trailing 6-month period | 44.00% | 47.86% | -3.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.51% | 60.98% | -6.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 48.49% | 53.42% | -4.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 53.24% | 53.42% | -0.18% |
Dividends
WDO.TO vs. ARIS - Dividend Comparison
Neither WDO.TO nor ARIS has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
ARIS Aris Water Solutions, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 3.84% | 0.85% |
WDO.TO Wesdome Gold Mines Ltd. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
WDO.TO vs. ARIS - Financials Comparison
This section allows you to compare key financial metrics between Wesdome Gold Mines Ltd. and Aris Water Solutions, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
WDO.TO vs. ARIS - Profitability Comparison
WDO.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Wesdome Gold Mines Ltd. reported a gross profit of 188.53M and revenue of 299.79M. Therefore, the gross margin over that period was 62.9%.
ARIS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Aris Water Solutions, Inc. reported a gross profit of 217.03M and revenue of 372.48M. Therefore, the gross margin over that period was 58.3%.
WDO.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Wesdome Gold Mines Ltd. reported an operating income of 177.51M and revenue of 299.79M, resulting in an operating margin of 59.2%.
ARIS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Aris Water Solutions, Inc. reported an operating income of 179.05M and revenue of 372.48M, resulting in an operating margin of 48.1%.
WDO.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Wesdome Gold Mines Ltd. reported a net income of 118.88M and revenue of 299.79M, resulting in a net margin of 39.7%.
ARIS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Aris Water Solutions, Inc. reported a net income of 97.61M and revenue of 372.48M, resulting in a net margin of 26.2%.
Frequently Asked Questions
WDO.TO and ARIS have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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