AU vs. OR

Last updated Apr 1, 2026

Compare and contrast key facts about AngloGold Ashanti Limited (AU) and Osisko Gold Royalties Ltd (OR).

Performance

AU vs. OR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AngloGold Ashanti Limited (AU) and Osisko Gold Royalties Ltd (OR). The values are adjusted to include any dividend payments, if applicable.

AU vs. OR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AU AngloGold Ashanti Limited	16.08%	288.18%	25.43%	-2.68%	-5.09%	-4.87%	1.90%	78.89%	23.96%	-2.23%
OR Osisko Gold Royalties Ltd	7.60%	96.95%	28.14%	19.96%	0.02%	-2.01%	32.58%	12.20%	-22.72%	20.74%

Fundamentals

Market Cap AU : $49.55B OR : $7.20B
EPS AU : $5.19 OR : $1.22
PE Ratio AU : 18.75 OR : 31.06
PEG Ratio AU : 0.22 OR : 0.12
PS Ratio AU : 4.99 OR : 23.00
PB Ratio AU : 6.12 OR : 3.67
Total Revenue (TTM) AU : $9.89B OR : $312.94M
Gross Profit (TTM) AU : $4.60B OR : $262.59M
EBITDA (TTM) AU : $4.51B OR : $307.64M

Returns By Period

In the year-to-date period, AU achieves a 16.08% return, which is significantly higher than OR's 7.60% return. Over the past 10 years, AU has outperformed OR with an annualized return of 23.71%, while OR has yielded a comparatively lower 15.20% annualized return.

AU

• 1D: 7.51%
• 1M: -22.52%
• YTD: 16.08%
• 6M: 42.21%
• 1Y: 174.22%
• 3Y*: 63.57%
• 5Y*: 36.76%
• 10Y*: 23.71%

OR

• 1D: 8.03%
• 1M: -19.65%
• YTD: 7.60%
• 6M: -4.85%
• 1Y: 81.23%
• 3Y*: 35.34%
• 5Y*: 28.62%
• 10Y*: 15.20%

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

Return for Risk

AU vs. OR — Risk / Return Rank

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

AU

AU Risk / Return Rank: 94
AU Sharpe Ratio Rank: 97
AU Sortino Ratio Rank: 92
AU Omega Ratio Rank: 91
AU Calmar Ratio Rank: 93
AU Martin Ratio Rank: 96

OR

OR Risk / Return Rank: 85
OR Sharpe Ratio Rank: 89
OR Sortino Ratio Rank: 81
OR Omega Ratio Rank: 84
OR Calmar Ratio Rank: 84
OR Martin Ratio Rank: 85

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.

AU vs. OR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AngloGold Ashanti Limited (AU) and Osisko Gold Royalties Ltd (OR). 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.

	AU	OR	Difference
Sharpe ratio Return per unit of total volatility	2.98	1.86	+1.11
Sortino ratio Return per unit of downside risk	2.97	2.16	+0.81
Omega ratio Gain probability vs. loss probability	1.40	1.32	+0.08
Calmar ratio Return relative to maximum drawdown	4.79	2.68	+2.11
Martin ratio Return relative to average drawdown	18.11	7.89	+10.22
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AU vs. OR - Sharpe Ratio Comparison

The current AU Sharpe Ratio is 2.98, which is higher than the OR Sharpe Ratio of 1.86. The chart below compares the historical Sharpe Ratios of AU and OR, 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

	AU	OR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.98	1.86	+1.11
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.77	0.82	-0.05
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.48	0.40	+0.08
Sharpe Ratio (All Time) Calculated using the full available price history	0.15	0.40	-0.24

Correlation

The correlation between AU and OR is 0.65, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

AU vs. OR - Dividend Comparison

AU's dividend yield for the trailing twelve months is around 3.66%, more than OR's 0.58% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
AU AngloGold Ashanti Limited	3.66%	2.96%	1.78%	1.14%	2.26%	2.58%	0.49%	0.30%	0.48%	0.93%	0.00%
OR Osisko Gold Royalties Ltd	0.58%	0.59%	1.02%	1.34%	1.38%	1.37%	1.18%	1.56%	1.72%	1.56%	1.65%

Drawdowns

AU vs. OR - Drawdown Comparison

The maximum AU drawdown since its inception was -90.12%, which is greater than OR's maximum drawdown of -61.90%. Use the drawdown chart below to compare losses from any high point for AU and OR.

Drawdown Indicators

	AU	OR	Difference
Max Drawdown Largest peak-to-trough decline	-90.12%	-61.90%	-28.22%
Max Drawdown (1Y) Largest decline over 1 year	-36.59%	-31.13%	-5.46%
Max Drawdown (5Y) Largest decline over 5 years	-51.75%	-37.18%	-14.57%
Max Drawdown (10Y) Largest decline over 10 years	-67.91%	-61.90%	-6.01%
Current Drawdown Current decline from peak	-22.82%	-20.22%	-2.60%
Average Drawdown Average peak-to-trough decline	-46.24%	-18.01%	-28.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.68%	10.56%	-0.88%

Volatility

AU vs. OR - Volatility Comparison

AngloGold Ashanti Limited (AU) has a higher volatility of 22.23% compared to Osisko Gold Royalties Ltd (OR) at 17.40%. This indicates that AU's price experiences larger fluctuations and is considered to be riskier than OR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AU	OR	Difference
Volatility (1M) Calculated over the trailing 1-month period	22.23%	17.40%	+4.83%
Volatility (6M) Calculated over the trailing 6-month period	45.48%	37.17%	+8.31%
Volatility (1Y) Calculated over the trailing 1-year period	58.89%	43.85%	+15.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	48.10%	35.00%	+13.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	49.90%	38.54%	+11.36%

Financials

AU vs. OR - Profitability Comparison

The chart below illustrates the profitability comparison between AngloGold Ashanti Limited and Osisko Gold Royalties Ltd over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

AU - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, AngloGold Ashanti Limited reported a gross profit of 1.38B and revenue of 3.07B. Therefore, the gross margin over that period was 44.9%.

OR - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Osisko Gold Royalties Ltd reported a gross profit of 107.75M and revenue of 126.04M. Therefore, the gross margin over that period was 85.5%.

AU - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, AngloGold Ashanti Limited reported an operating income of 1.69B and revenue of 3.07B, resulting in an operating margin of 55.2%.

OR - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Osisko Gold Royalties Ltd reported an operating income of 97.71M and revenue of 126.04M, resulting in an operating margin of 77.5%.

AU - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, AngloGold Ashanti Limited reported a net income of 855.00M and revenue of 3.07B, resulting in a net margin of 27.9%.

OR - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Osisko Gold Royalties Ltd reported a net income of 90.90M and revenue of 126.04M, resulting in a net margin of 72.1%.