BTG vs. EPD
BTG (B2Gold Corp.) and EPD (Enterprise Products Partners L.P.) are both stocks. BTG operates in Gold (Basic Materials), while EPD operates in Oil & Gas Midstream (Energy). Over the past 10 years, BTG returned 9.81%/yr vs 10.45%/yr for EPD. At a 0.12 correlation, their price movements are largely independent.
Performance
BTG vs. EPD - Performance Comparison
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Returns By Period
In the year-to-date period, BTG achieves a -7.85% return, which is significantly lower than EPD's 20.66% return. Over the past 10 years, BTG has underperformed EPD with an annualized return of 9.81%, while EPD has yielded a comparatively higher 10.45% annualized return.
BTG
- 1D
- -0.96%
- 1M
- -21.89%
- YTD
- -7.85%
- 6M
- -7.23%
- 1Y
- 14.91%
- 3Y*
- 6.93%
- 5Y*
- 0.85%
- 10Y*
- 9.81%
EPD
- 1D
- -0.77%
- 1M
- 0.89%
- YTD
- 20.66%
- 6M
- 18.26%
- 1Y
- 27.33%
- 3Y*
- 21.14%
- 5Y*
- 16.72%
- 10Y*
- 10.45%
BTG vs. EPD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BTG B2Gold Corp. | -7.85% | 88.95% | -18.07% | -7.22% | -5.13% | -26.97% | 42.35% | 37.72% | -5.81% | 30.80% |
EPD Enterprise Products Partners L.P. | 20.66% | 9.45% | 28.00% | 17.71% | 18.32% | 21.40% | -23.61% | 21.88% | -1.32% | 4.24% |
Correlation
The correlation between BTG and EPD is -0.01, 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 | -0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Jun 24, 2008 | 0.12 |
The correlation between BTG and EPD shifts across timeframes, from -0.01 (1 year) to 0.21 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
BTG:
$6.22B
EPD:
$82.06B
BTG:
$0.36
EPD:
$2.69
BTG:
11.62
EPD:
13.93
BTG:
0.01
EPD:
2.24
BTG:
1.71
EPD:
1.59
BTG:
$3.67B
EPD:
$51.57B
BTG:
$1.89B
EPD:
$7.31B
BTG:
$1.96B
EPD:
$10.11B
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Return for Risk
BTG vs. EPD — Risk / Return Rank
BTG
EPD
BTG vs. EPD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for B2Gold Corp. (BTG) and Enterprise Products Partners L.P. (EPD). 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.
| BTG | EPD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.47 | ||
| Sortino ratioReturn per unit of downside risk | -1.76 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.31 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 0.41 | 3.63 | -3.22 |
| Martin ratioReturn relative to average drawdown | 0.82 | 11.00 | -10.18 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BTG | EPD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.27 | 1.74 | -1.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.02 | 0.98 | -0.96 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.20 | 0.43 | -0.23 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.13 | 0.54 | -0.41 |
Drawdowns
BTG vs. EPD - Drawdown Comparison
The maximum BTG drawdown since its inception was -85.97%, which is greater than EPD's maximum drawdown of -58.78%. Use the drawdown chart below to compare losses from any high point for BTG and EPD.
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Drawdown Indicators
| BTG | EPD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.97% | -58.78% | -27.19% |
Max Drawdown (1Y)Largest decline over 1 year | -36.63% | -7.56% | -29.07% |
Max Drawdown (3Y)Largest decline over 3 years | -36.72% | -15.40% | -21.32% |
Max Drawdown (5Y)Largest decline over 5 years | -48.92% | -18.06% | -30.86% |
Max Drawdown (10Y)Largest decline over 10 years | -63.35% | -58.04% | -5.31% |
Current DrawdownCurrent decline from peak | -33.08% | -5.73% | -27.35% |
Average DrawdownAverage peak-to-trough decline | -38.36% | -10.13% | -28.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.20% | 2.49% | +15.71% |
Volatility
BTG vs. EPD - Volatility Comparison
B2Gold Corp. (BTG) has a higher volatility of 15.99% compared to Enterprise Products Partners L.P. (EPD) at 6.17%. This indicates that BTG's price experiences larger fluctuations and is considered to be riskier than EPD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BTG | EPD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.99% | 6.17% | +9.82% |
Volatility (6M)Calculated over the trailing 6-month period | 44.03% | 13.16% | +30.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.17% | 15.81% | +39.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.73% | 17.23% | +27.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 48.23% | 24.16% | +24.07% |
Dividends
BTG vs. EPD - Dividend Comparison
BTG's dividend yield for the trailing twelve months is around 1.93%, less than EPD's 5.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BTG B2Gold Corp. | 1.93% | 1.77% | 6.56% | 5.06% | 4.48% | 4.07% | 1.96% | 0.25% | 0.00% | 0.00% | 0.00% | 0.00% |
EPD Enterprise Products Partners L.P. | 5.84% | 6.74% | 6.63% | 7.51% | 7.79% | 8.20% | 9.09% | 6.23% | 6.97% | 6.29% | 5.88% | 5.90% |
Financials
BTG vs. EPD - Financials Comparison
This section allows you to compare key financial metrics between B2Gold Corp. and Enterprise Products Partners L.P.. 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
BTG vs. EPD - Profitability Comparison
BTG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, B2Gold Corp. reported a gross profit of 601.32M and revenue of 1.14B. Therefore, the gross margin over that period was 52.6%.
EPD - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Enterprise Products Partners L.P. reported a gross profit of 1.88B and revenue of 14.39B. Therefore, the gross margin over that period was 13.1%.
BTG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, B2Gold Corp. reported an operating income of 572.52M and revenue of 1.14B, resulting in an operating margin of 50.1%.
EPD - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Enterprise Products Partners L.P. reported an operating income of 1.82B and revenue of 14.39B, resulting in an operating margin of 12.6%.
BTG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, B2Gold Corp. reported a net income of 197.17M and revenue of 1.14B, resulting in a net margin of 17.3%.
EPD - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Enterprise Products Partners L.P. reported a net income of 1.48B and revenue of 14.39B, resulting in a net margin of 10.3%.
Frequently Asked Questions
BTG and EPD have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTG has higher volatility (15.99%) compared to EPD (6.17%). In terms of maximum drawdown, BTG dropped -85.97% vs EPD's -58.78%.
EPD currently has the higher Sharpe Ratio (1.74 vs 0.27), 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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