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BTG vs. GOLD
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility
Financials

Correlation

The correlation between BTG and GOLD is 0.63, 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.


-0.50.00.51.00.6

Performance

BTG vs. GOLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in B2Gold Corp. (BTG) and Barrick Gold Corporation (GOLD). The values are adjusted to include any dividend payments, if applicable.

-20.00%-10.00%0.00%10.00%20.00%30.00%SeptemberOctoberNovemberDecember2025February
2.94%
-6.02%
BTG
GOLD

Key characteristics

Sharpe Ratio

BTG:

0.44

GOLD:

0.97

Sortino Ratio

BTG:

0.90

GOLD:

1.47

Omega Ratio

BTG:

1.10

GOLD:

1.18

Calmar Ratio

BTG:

0.29

GOLD:

0.47

Martin Ratio

BTG:

1.25

GOLD:

2.63

Ulcer Index

BTG:

14.63%

GOLD:

11.98%

Daily Std Dev

BTG:

42.02%

GOLD:

32.66%

Max Drawdown

BTG:

-85.97%

GOLD:

-88.51%

Current Drawdown

BTG:

-53.31%

GOLD:

-56.70%

Fundamentals

Market Cap

BTG:

$3.51B

GOLD:

$32.52B

EPS

BTG:

-$0.56

GOLD:

$1.22

PEG Ratio

BTG:

4.71

GOLD:

3.01

Total Revenue (TTM)

BTG:

$1.43B

GOLD:

$13.33B

Gross Profit (TTM)

BTG:

$561.10M

GOLD:

$5.09B

EBITDA (TTM)

BTG:

-$65.52M

GOLD:

$7.19B

Returns By Period

In the year-to-date period, BTG achieves a 15.16% return, which is significantly lower than GOLD's 21.42% return. Over the past 10 years, BTG has outperformed GOLD with an annualized return of 8.00%, while GOLD has yielded a comparatively lower 5.95% annualized return.


BTG

YTD

15.16%

1M

16.12%

6M

2.93%

1Y

18.32%

5Y*

-5.83%

10Y*

8.00%

GOLD

YTD

21.42%

1M

17.77%

6M

-6.02%

1Y

30.62%

5Y*

0.09%

10Y*

5.95%

*Annualized

Compare stocks, funds, or ETFs

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Risk-Adjusted Performance

BTG vs. GOLD — Risk-Adjusted Performance Rank

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

BTG
The Risk-Adjusted Performance Rank of BTG is 5858
Overall Rank
The Sharpe Ratio Rank of BTG is 6262
Sharpe Ratio Rank
The Sortino Ratio Rank of BTG is 5757
Sortino Ratio Rank
The Omega Ratio Rank of BTG is 5353
Omega Ratio Rank
The Calmar Ratio Rank of BTG is 5959
Calmar Ratio Rank
The Martin Ratio Rank of BTG is 6060
Martin Ratio Rank

GOLD
The Risk-Adjusted Performance Rank of GOLD is 7070
Overall Rank
The Sharpe Ratio Rank of GOLD is 7676
Sharpe Ratio Rank
The Sortino Ratio Rank of GOLD is 7070
Sortino Ratio Rank
The Omega Ratio Rank of GOLD is 6767
Omega Ratio Rank
The Calmar Ratio Rank of GOLD is 6666
Calmar Ratio Rank
The Martin Ratio Rank of GOLD is 7070
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

BTG vs. GOLD - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for B2Gold Corp. (BTG) and Barrick Gold Corporation (GOLD). 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.


Sharpe ratio
The chart of Sharpe ratio for BTG, currently valued at 0.44, compared to the broader market-2.000.002.000.440.97
The chart of Sortino ratio for BTG, currently valued at 0.90, compared to the broader market-4.00-2.000.002.004.006.000.901.47
The chart of Omega ratio for BTG, currently valued at 1.10, compared to the broader market0.501.001.502.001.101.18
The chart of Calmar ratio for BTG, currently valued at 0.29, compared to the broader market0.002.004.006.000.290.47
The chart of Martin ratio for BTG, currently valued at 1.25, compared to the broader market-10.000.0010.0020.0030.001.252.63
BTG
GOLD

The current BTG Sharpe Ratio is 0.44, which is lower than the GOLD Sharpe Ratio of 0.97. The chart below compares the historical Sharpe Ratios of BTG and GOLD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-0.500.000.501.00SeptemberOctoberNovemberDecember2025February
0.44
0.97
BTG
GOLD

Dividends

BTG vs. GOLD - Dividend Comparison

BTG's dividend yield for the trailing twelve months is around 5.69%, more than GOLD's 2.13% yield.


TTM20242023202220212020201920182017201620152014
BTG
B2Gold Corp.
5.69%6.56%5.06%4.48%4.07%1.96%0.25%0.00%0.00%0.00%0.00%0.00%
GOLD
Barrick Gold Corporation
2.13%2.58%2.21%3.78%4.11%1.36%0.70%1.40%0.83%0.50%1.90%1.86%

Drawdowns

BTG vs. GOLD - Drawdown Comparison

The maximum BTG drawdown since its inception was -85.97%, roughly equal to the maximum GOLD drawdown of -88.51%. Use the drawdown chart below to compare losses from any high point for BTG and GOLD. For additional features, visit the drawdowns tool.


-65.00%-60.00%-55.00%-50.00%-45.00%SeptemberOctoberNovemberDecember2025February
-53.31%
-56.70%
BTG
GOLD

Volatility

BTG vs. GOLD - Volatility Comparison

B2Gold Corp. (BTG) has a higher volatility of 11.59% compared to Barrick Gold Corporation (GOLD) at 9.64%. This indicates that BTG's price experiences larger fluctuations and is considered to be riskier than GOLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


6.00%8.00%10.00%12.00%14.00%16.00%18.00%SeptemberOctoberNovemberDecember2025February
11.59%
9.64%
BTG
GOLD

Financials

BTG vs. GOLD - Financials Comparison

This section allows you to compare key financial metrics between B2Gold Corp. and Barrick Gold Corporation. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.


Quarterly
Annual

Total Revenue: Total amount of money received from sales and other business activities


Values in USD except per share items
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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