AU vs. WBD
AU (AngloGold Ashanti Limited) and WBD (Warner Bros. Discovery, Inc.) are both stocks. AU operates in Gold (Basic Materials), while WBD operates in Entertainment (Communication Services). Over the past 10 years, AU returned 19.78%/yr vs 0.12%/yr for WBD. At a 0.11 correlation, their price movements are largely independent.
Performance
AU vs. WBD - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, AU achieves a 1.94% return, which is significantly higher than WBD's -8.15% return. Over the past 10 years, AU has outperformed WBD with an annualized return of 19.78%, while WBD has yielded a comparatively lower 0.12% annualized return.
AU
- 1D
- 0.42%
- 1M
- -20.12%
- YTD
- 1.94%
- 6M
- 10.31%
- 1Y
- 93.94%
- 3Y*
- 56.64%
- 5Y*
- 34.89%
- 10Y*
- 19.78%
WBD
- 1D
- 0.88%
- 1M
- -2.36%
- YTD
- -8.15%
- 6M
- -2.79%
- 1Y
- 169.55%
- 3Y*
- 24.13%
- 5Y*
- -2.83%
- 10Y*
- 0.12%
AU vs. WBD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AU AngloGold Ashanti Limited | 1.94% | 288.18% | 25.43% | -2.68% | -5.09% | -4.87% | 1.90% | 78.89% | 23.96% | -2.23% |
WBD Warner Bros. Discovery, Inc. | -8.15% | 172.66% | -7.12% | 20.04% | -59.73% | -21.77% | -8.09% | 32.34% | 10.55% | -18.35% |
Correlation
The correlation between AU and WBD is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Jul 11, 2005 | 0.11 |
Fundamentals
AU:
$42.65B
WBD:
$65.96B
AU:
$6.85
WBD:
-$0.86
AU:
3.83
WBD:
1.78
AU:
5.00
WBD:
2.02
AU:
$11.17B
WBD:
$37.21B
AU:
$5.82B
WBD:
$15.43B
AU:
$5.58B
WBD:
$9.00B
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
AU vs. WBD — Risk / Return Rank
AU
WBD
AU vs. WBD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AngloGold Ashanti Limited (AU) and Warner Bros. Discovery, Inc. (WBD). 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 | WBD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.97 | ||
| Sortino ratioReturn per unit of downside risk | -3.40 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.74 | -0.47 |
| Calmar ratioReturn relative to maximum drawdown | 2.58 | 8.01 | -5.42 |
| Martin ratioReturn relative to average drawdown | 7.04 | 23.15 | -16.11 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| AU | WBD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.64 | 3.61 | -1.97 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.72 | -0.05 | +0.77 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.40 | 0.00 | +0.40 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.14 | 0.15 | -0.01 |
Drawdowns
AU vs. WBD - Drawdown Comparison
The maximum AU drawdown since its inception was -90.12%, roughly equal to the maximum WBD drawdown of -91.32%. Use the drawdown chart below to compare losses from any high point for AU and WBD.
Loading charts...
Drawdown Indicators
| AU | WBD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.12% | -91.32% | +1.20% |
Max Drawdown (1Y)Largest decline over 1 year | -36.59% | -21.31% | -15.28% |
Max Drawdown (3Y)Largest decline over 3 years | -38.71% | -53.63% | +14.92% |
Max Drawdown (5Y)Largest decline over 5 years | -51.75% | -78.49% | +26.74% |
Max Drawdown (10Y)Largest decline over 10 years | -67.91% | -91.32% | +23.41% |
Current DrawdownCurrent decline from peak | -32.22% | -65.74% | +33.52% |
Average DrawdownAverage peak-to-trough decline | -46.08% | -37.12% | -8.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.40% | 7.36% | +6.04% |
Volatility
AU vs. WBD - Volatility Comparison
AngloGold Ashanti Limited (AU) has a higher volatility of 20.03% compared to Warner Bros. Discovery, Inc. (WBD) at 3.87%. This indicates that AU's price experiences larger fluctuations and is considered to be riskier than WBD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| AU | WBD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.03% | 3.87% | +16.16% |
Volatility (6M)Calculated over the trailing 6-month period | 45.74% | 14.61% | +31.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 57.81% | 47.41% | +10.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 48.98% | 52.74% | -3.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.72% | 47.17% | +2.55% |
Dividends
AU vs. WBD - Dividend Comparison
AU's dividend yield for the trailing twelve months is around 5.45%, while WBD has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
AU AngloGold Ashanti Limited | 5.45% | 2.96% | 1.78% | 1.14% | 2.26% | 2.58% | 0.49% | 0.30% | 0.48% | 0.93% |
WBD Warner Bros. Discovery, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
AU vs. WBD - Financials Comparison
This section allows you to compare key financial metrics between AngloGold Ashanti Limited and Warner Bros. Discovery, 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
AU vs. WBD - Profitability Comparison
AU - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, AngloGold Ashanti Limited reported a gross profit of 1.88B and revenue of 3.24B. Therefore, the gross margin over that period was 58.2%.
WBD - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Warner Bros. Discovery, Inc. reported a gross profit of 4.25B and revenue of 8.89B. Therefore, the gross margin over that period was 47.8%.
AU - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, AngloGold Ashanti Limited reported an operating income of 1.84B and revenue of 3.24B, resulting in an operating margin of 56.8%.
WBD - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Warner Bros. Discovery, Inc. reported an operating income of -2.47B and revenue of 8.89B, resulting in an operating margin of -27.8%.
AU - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, AngloGold Ashanti Limited reported a net income of 1.28B and revenue of 3.24B, resulting in a net margin of 39.6%.
WBD - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Warner Bros. Discovery, Inc. reported a net income of -3.33B and revenue of 8.89B, resulting in a net margin of -37.5%.
Frequently Asked Questions
AU and WBD have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AU has higher volatility (20.03%) compared to WBD (3.87%). In terms of maximum drawdown, AU dropped -90.12% vs WBD's -91.32%.
WBD currently has the higher Sharpe Ratio (3.61 vs 1.64), 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.
Find the right allocation for AU and WBD
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer