ASM vs. RGLD
ASM (Avino Silver & Gold Mines Ltd.) and RGLD (Royal Gold, Inc.) are both stocks. Both are in the Basic Materials sector — ASM in Other Precious Metals & Mining, RGLD in Gold. Over the past 10 years, ASM returned 7.19%/yr vs 10.07%/yr for RGLD. Their 0.40 correlation means their historical movements had little consistent relationship.
Performance
ASM vs. RGLD - Performance Comparison
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Returns By Period
In the year-to-date period, ASM achieves a -13.62% return, which is significantly lower than RGLD's -10.20% return. Over the past 10 years, ASM has underperformed RGLD with an annualized return of 7.19%, while RGLD has yielded a comparatively higher 10.07% annualized return.
ASM
- 1D
- -3.62%
- 1M
- -15.65%
- 6M
- -40.33%
- YTD
- -13.62%
- 1Y
- 68.16%
- 3Y*
- 95.22%
- 5Y*
- 38.05%
- 10Y*
- 7.19%
- ALL TIME*
- 6.53%
RGLD
- 1D
- -2.31%
- 1M
- 0.02%
- 6M
- -24.35%
- YTD
- -10.20%
- 1Y
- 32.12%
- 3Y*
- 21.00%
- 5Y*
- 11.59%
- 10Y*
- 10.07%
- ALL TIME*
- 16.03%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $18.80M | $17.78M | $25.63M | |
RGLD Royal Gold, Inc. | $133.30M | $134.04M | $155.03M |
ASM vs. RGLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ASM Avino Silver & Gold Mines Ltd. | -13.62% | 604.88% | 68.13% | -22.95% | -21.01% | -33.77% | 124.14% | -4.92% | -54.48% | -2.19% |
RGLD Royal Gold, Inc. | -10.20% | 70.43% | 10.39% | 8.70% | 8.51% | 0.04% | -12.13% | 44.27% | 5.53% | 31.32% |
Correlation
The correlation between ASM and RGLD is 0.74, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.74 |
Correlation (3Y) Balances recent behavior with more history. | 0.62 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.60 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.50 |
Correlation (All Time) Calculated using the full available price history since Nov 21, 2005 | 0.40 |
Over the past year, ASM and RGLD have become more correlated (0.74) than their long-term average of 0.40, meaning their price movements have been converging.
Fundamentals
ASM:
$907.17M
RGLD:
$16.83B
ASM:
$0.22
RGLD:
$8.21
ASM:
23.85
RGLD:
24.15
ASM:
0.07
RGLD:
1.64
ASM:
7.95
RGLD:
11.72
ASM:
3.35
RGLD:
2.27
ASM:
$110.70M
RGLD:
$1.31B
ASM:
$59.09M
RGLD:
$579.68M
ASM:
$55.20M
RGLD:
$949.59M
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Return for Risk
ASM vs. RGLD — Risk / Return Rank
ASM
RGLD
ASM vs. RGLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Avino Silver & Gold Mines Ltd. (ASM) and Royal Gold, Inc. (RGLD). 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 | RGLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.16 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.30 | 0.85 | +0.45 |
| Martin ratioReturn relative to average drawdown | 2.33 | 1.84 | +0.49 |
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Drawdowns
ASM vs. RGLD - Drawdown Comparison
The maximum ASM drawdown since its inception was -94.10%, roughly equal to the maximum RGLD drawdown of -98.29%. Use the drawdown chart below to compare losses from any high point for ASM and RGLD.
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Drawdown Indicators
| ASM | RGLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.10% | -98.29% | +4.19% |
Max Drawdown (1Y)Largest decline over 1 year | -52.81% | -38.17% | -14.64% |
Max Drawdown (3Y)Largest decline over 3 years | -52.81% | -38.17% | -14.64% |
Max Drawdown (5Y)Largest decline over 5 years | -60.20% | -40.73% | -19.47% |
Max Drawdown (10Y)Largest decline over 10 years | -90.00% | -49.55% | -40.45% |
Current DrawdownCurrent decline from peak | -52.27% | -34.54% | -17.73% |
Average DrawdownAverage peak-to-trough decline | -63.65% | -29.83% | -33.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.32% | 17.52% | +11.80% |
Volatility
ASM vs. RGLD - Volatility Comparison
Avino Silver & Gold Mines Ltd. (ASM) has a higher volatility of 22.56% compared to Royal Gold, Inc. (RGLD) at 9.95%. This indicates that ASM's price experiences larger fluctuations and is considered to be riskier than RGLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ASM | RGLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.56% | 9.95% | +12.61% |
Volatility (6M)Calculated over the trailing 6-month period | 63.44% | 31.80% | +31.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 82.98% | 39.83% | +43.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 66.60% | 31.81% | +34.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 69.91% | 33.63% | +36.28% |
Dividends
ASM vs. RGLD - Dividend Comparison
ASM's dividend yield for the trailing twelve months is around 0.68%, less than RGLD's 0.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASM Avino Silver & Gold Mines Ltd. | 0.68% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
RGLD Royal Gold, Inc. | 0.95% | 0.81% | 1.21% | 1.24% | 1.24% | 1.14% | 1.05% | 0.87% | 1.17% | 1.17% | 1.45% | 1.81% |
Financials
ASM vs. RGLD - Financials Comparison
This section allows you to compare key financial metrics between Avino Silver & Gold Mines Ltd. and Royal Gold, 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
ASM vs. RGLD - Profitability Comparison
ASM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Avino Silver & Gold Mines Ltd. reported a gross profit of 25.51M and revenue of 41.41M. Therefore, the gross margin over that period was 61.6%.
RGLD - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Royal Gold, Inc. reported a gross profit of 0.00 and revenue of 469.13M. Therefore, the gross margin over that period was 0.0%.
ASM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Avino Silver & Gold Mines Ltd. reported an operating income of 21.76M and revenue of 41.41M, resulting in an operating margin of 52.5%.
RGLD - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Royal Gold, Inc. reported an operating income of 297.09M and revenue of 469.13M, resulting in an operating margin of 63.3%.
ASM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Avino Silver & Gold Mines Ltd. reported a net income of 15.69M and revenue of 41.41M, resulting in a net margin of 37.9%.
RGLD - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Royal Gold, Inc. reported a net income of 281.13M and revenue of 469.13M, resulting in a net margin of 59.9%.
Frequently Asked Questions
ASM and RGLD have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ASM has higher volatility (22.56%) compared to RGLD (9.95%). In terms of maximum drawdown, ASM dropped -94.10% vs RGLD's -98.29%.
ASM currently has the higher Sharpe Ratio (0.83 vs 0.81), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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