ASM vs. NGD

Last updated Jun 20, 2026

ASM (Avino Silver & Gold Mines Ltd.) and NGD (New Gold Inc.) are both stocks. Both are in the Basic Materials sector — ASM in Other Precious Metals & Mining, NGD in Gold. At a 0.38 correlation, their price movements are largely independent.

Performance

ASM vs. NGD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avino Silver & Gold Mines Ltd. (ASM) and New Gold Inc. (NGD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ASM

• 1D: -4.25%
• 1M: 0.15%
• YTD: 5.31%
• 6M: 1.87%
• 1Y: 87.39%
• 3Y*: 112.56%
• 5Y*: 40.84%
• 10Y*: 10.78%

NGD

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ASM vs. NGD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ASM Avino Silver & Gold Mines Ltd.	5.31%	604.88%	68.13%	-22.95%	-21.01%	-33.77%	124.14%	-4.92%	-54.48%	-2.19%
NGD New Gold Inc.	4.25%	251.21%	69.86%	48.98%	-34.67%	-31.51%	148.86%	16.28%	-77.00%	-6.00%

Correlation

The correlation between ASM and NGD is 0.56, 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	0.56
Correlation (3Y) Calculated over the trailing 3-year period	0.55
Correlation (5Y) Calculated over the trailing 5-year period	0.55
Correlation (10Y) Calculated over the trailing 10-year period	0.48
Correlation (All Time) Calculated using the full available price history since Nov 21, 2005	0.38

The correlation between ASM and NGD shifts across timeframes, from 0.38 (all time) to 0.56 (1 year), reflecting how their relationship changes across market environments.

Fundamentals

EPS ASM : $0.23 NGD : $1.61
PE Ratio ASM : 28.79 NGD : 5.64
PEG Ratio ASM : 0.09 NGD : 0.01
PS Ratio ASM : 9.59 NGD : 3.30
Total Revenue (TTM) ASM : $110.70M NGD : $1.46B
Gross Profit (TTM) ASM : $59.09M NGD : $758.26M
EBITDA (TTM) ASM : $55.20M NGD : $1.19B

Return for Risk

ASM vs. NGD — Risk / Return Rank

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

ASM

ASM Risk / Return Rank: 71
ASM Sharpe Ratio Rank: 74
ASM Sortino Ratio Rank: 72
ASM Omega Ratio Rank: 70
ASM Calmar Ratio Rank: 71
ASM Martin Ratio Rank: 70

NGD

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

ASM vs. NGD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avino Silver & Gold Mines Ltd. (ASM) and New Gold Inc. (NGD). 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.

	ASM	NGD	Difference
Sharpe ratio: Return per unit of total volatility	1.04	—	—
Sortino ratio: Return per unit of downside risk	1.74	—	—
Omega ratio: Gain probability vs. loss probability	1.21	—	—
Calmar ratio: Return relative to maximum drawdown	1.64	—	—
Martin ratio: Return relative to average drawdown	3.42	—	—

Drawdowns

Drawdown Indicators

	ASM	NGD	Difference
Max Drawdown Largest peak-to-trough decline	-94.10%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-52.40%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-52.40%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-63.94%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-90.91%	—	—
Current Drawdown Current decline from peak	-41.81%	—	—
Average Drawdown Average peak-to-trough decline	-63.75%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	25.04%	—	—

Volatility

Volatility by Period

	ASM	NGD	Difference
Volatility (1M) Calculated over the trailing 1-month period	26.36%	—	—
Volatility (6M) Calculated over the trailing 6-month period	65.55%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	82.22%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	66.06%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	69.74%	—	—

Dividends

ASM vs. NGD - Dividend Comparison

Neither ASM nor NGD has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both ASM and NGD in my portfolio?

ASM and NGD have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.