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

Correlation

The correlation between BTG and GOLD is 0.18, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.


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.

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Key characteristics

Sharpe Ratio

BTG:

0.31

GOLD:

0.11

Sortino Ratio

BTG:

0.93

GOLD:

0.52

Omega Ratio

BTG:

1.11

GOLD:

1.06

Calmar Ratio

BTG:

0.33

GOLD:

0.10

Martin Ratio

BTG:

1.29

GOLD:

0.53

Ulcer Index

BTG:

15.74%

GOLD:

12.87%

Daily Std Dev

BTG:

46.47%

GOLD:

35.73%

Max Drawdown

BTG:

-85.97%

GOLD:

-88.51%

Current Drawdown

BTG:

-46.27%

GOLD:

-57.90%

Fundamentals

Market Cap

BTG:

$4.03B

GOLD:

$32.43B

EPS

BTG:

-$0.47

GOLD:

$1.32

PEG Ratio

BTG:

4.71

GOLD:

1.50

PS Ratio

BTG:

2.04

GOLD:

2.44

PB Ratio

BTG:

1.31

GOLD:

1.25

Total Revenue (TTM)

BTG:

$1.97B

GOLD:

$13.30B

Gross Profit (TTM)

BTG:

$941.63M

GOLD:

$5.37B

EBITDA (TTM)

BTG:

-$9.05M

GOLD:

$7.30B

Returns By Period

In the year-to-date period, BTG achieves a 32.52% return, which is significantly higher than GOLD's 18.08% return. Over the past 10 years, BTG has outperformed GOLD with an annualized return of 8.54%, while GOLD has yielded a comparatively lower 5.96% annualized return.


BTG

YTD

32.52%

1M

-3.31%

6M

17.11%

1Y

14.16%

3Y*

-3.33%

5Y*

-6.22%

10Y*

8.54%

GOLD

YTD

18.08%

1M

-9.77%

6M

3.88%

1Y

3.84%

3Y*

-1.53%

5Y*

-5.19%

10Y*

5.96%

*Annualized

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B2Gold Corp.

Barrick Gold Corporation

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 6464
Overall Rank
The Sharpe Ratio Rank of BTG is 6464
Sharpe Ratio Rank
The Sortino Ratio Rank of BTG is 6464
Sortino Ratio Rank
The Omega Ratio Rank of BTG is 6060
Omega Ratio Rank
The Calmar Ratio Rank of BTG is 6767
Calmar Ratio Rank
The Martin Ratio Rank of BTG is 6767
Martin Ratio Rank

GOLD
The Risk-Adjusted Performance Rank of GOLD is 5555
Overall Rank
The Sharpe Ratio Rank of GOLD is 5656
Sharpe Ratio Rank
The Sortino Ratio Rank of GOLD is 5252
Sortino Ratio Rank
The Omega Ratio Rank of GOLD is 5050
Omega Ratio Rank
The Calmar Ratio Rank of GOLD is 5656
Calmar Ratio Rank
The Martin Ratio Rank of GOLD is 5959
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.


The current BTG Sharpe Ratio is 0.31, which is higher than the GOLD Sharpe Ratio of 0.11. 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.


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Dividends

BTG vs. GOLD - Dividend Comparison

BTG's dividend yield for the trailing twelve months is around 4.36%, more than GOLD's 2.20% yield.


TTM20242023202220212020201920182017201620152014
BTG
B2Gold Corp.
4.36%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
2.20%2.58%2.21%3.78%1.89%1.36%0.70%1.40%0.83%0.50%1.90%1.87%

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.


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Volatility

BTG vs. GOLD - Volatility Comparison

B2Gold Corp. (BTG) has a higher volatility of 14.03% compared to Barrick Gold Corporation (GOLD) at 12.12%. 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.


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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


0.001.00B2.00B3.00B4.00B20212022202320242025
532.11M
3.13B
(BTG) Total Revenue
(GOLD) Total Revenue
Values in USD except per share items

BTG vs. GOLD - Profitability Comparison

The chart below illustrates the profitability comparison between B2Gold Corp. and Barrick Gold Corporation over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

Gross Margin
Operating Margin
Net Margin
Quarterly
Annual

20.0%30.0%40.0%50.0%60.0%20212022202320242025
44.7%
43.0%
(BTG) Gross Margin
(GOLD) Gross Margin
BTG - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, B2Gold Corp. reported a gross profit of 237.75M and revenue of 532.11M. Therefore, the gross margin over that period was 44.7%.

GOLD - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, Barrick Gold Corporation reported a gross profit of 1.35B and revenue of 3.13B. Therefore, the gross margin over that period was 43.0%.

BTG - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, B2Gold Corp. reported an operating income of 208.83M and revenue of 532.11M, resulting in an operating margin of 39.3%.

GOLD - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, Barrick Gold Corporation reported an operating income of 1.23B and revenue of 3.13B, resulting in an operating margin of 39.3%.

BTG - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, B2Gold Corp. reported a net income of 57.59M and revenue of 532.11M, resulting in a net margin of 10.8%.

GOLD - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, Barrick Gold Corporation reported a net income of 474.00M and revenue of 3.13B, resulting in a net margin of 15.1%.