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BTG vs. KGC
Performance
Return for Risk
Dividends
Drawdowns
Volatility
Financials

Performance

BTG vs. KGC - Performance Comparison

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

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BTG vs. KGC - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
BTG
B2Gold Corp.
0.83%88.95%-18.07%-7.22%-5.13%-26.97%42.35%37.72%-5.81%30.80%
KGC
Kinross Gold Corporation
13.85%206.11%55.63%51.83%-27.59%-19.00%56.04%46.30%-25.00%38.91%

Fundamentals

Market Cap

BTG:

$7.32B

KGC:

$38.70B

EPS

BTG:

$0.27

KGC:

$1.97

PE Ratio

BTG:

17.09

KGC:

16.29

PEG Ratio

BTG:

0.02

KGC:

0.22

PS Ratio

BTG:

2.25

KGC:

5.53

PB Ratio

BTG:

2.04

KGC:

4.52

Total Revenue (TTM)

BTG:

$3.07B

KGC:

$7.06B

Gross Profit (TTM)

BTG:

$1.53B

KGC:

$3.48B

EBITDA (TTM)

BTG:

$1.60B

KGC:

$4.26B

Returns By Period

In the year-to-date period, BTG achieves a 0.83% return, which is significantly lower than KGC's 13.85% return. Over the past 10 years, BTG has underperformed KGC with an annualized return of 12.95%, while KGC has yielded a comparatively higher 26.22% annualized return.


BTG

1D
7.35%
1M
-26.18%
YTD
0.83%
6M
-7.73%
1Y
61.92%
3Y*
9.06%
5Y*
4.36%
10Y*
12.95%

KGC

1D
4.91%
1M
-12.86%
YTD
13.85%
6M
26.14%
1Y
155.70%
3Y*
92.13%
5Y*
38.11%
10Y*
26.22%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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Return for Risk

BTG vs. KGC — Risk / Return Rank

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

BTG
BTG Risk / Return Rank: 7474
Overall Rank
BTG Sharpe Ratio Rank: 7878
Sharpe Ratio Rank
BTG Sortino Ratio Rank: 7272
Sortino Ratio Rank
BTG Omega Ratio Rank: 7171
Omega Ratio Rank
BTG Calmar Ratio Rank: 7474
Calmar Ratio Rank
BTG Martin Ratio Rank: 7373
Martin Ratio Rank

KGC
KGC Risk / Return Rank: 9494
Overall Rank
KGC Sharpe Ratio Rank: 9797
Sharpe Ratio Rank
KGC Sortino Ratio Rank: 9191
Sortino Ratio Rank
KGC Omega Ratio Rank: 9393
Omega Ratio Rank
KGC Calmar Ratio Rank: 9494
Calmar Ratio Rank
KGC Martin Ratio Rank: 9696
Martin Ratio Rank
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.

BTG vs. KGC - Risk-Adjusted Trends Comparison

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


BTGKGCDifference

Sharpe ratio

Return per unit of total volatility

1.15

3.11

-1.96

Sortino ratio

Return per unit of downside risk

1.65

3.04

-1.39

Omega ratio

Gain probability vs. loss probability

1.22

1.45

-0.23

Calmar ratio

Return relative to maximum drawdown

1.64

5.15

-3.50

Martin ratio

Return relative to average drawdown

3.92

18.12

-14.20

BTG vs. KGC - Sharpe Ratio Comparison

The current BTG Sharpe Ratio is 1.15, which is lower than the KGC Sharpe Ratio of 3.11. The chart below compares the historical Sharpe Ratios of BTG and KGC, 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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Sharpe Ratios by Period


BTGKGCDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.15

3.11

-1.96

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.10

0.88

-0.78

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.27

0.55

-0.28

Sharpe Ratio (All Time)

Calculated using the full available price history

0.14

0.09

+0.05

Correlation

The correlation between BTG and KGC is 0.64, 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

BTG vs. KGC - Dividend Comparison

BTG's dividend yield for the trailing twelve months is around 1.77%, more than KGC's 0.42% yield.


TTM2025202420232022202120202019
BTG
B2Gold Corp.
1.77%1.77%6.56%5.06%4.48%4.07%1.96%0.25%
KGC
Kinross Gold Corporation
0.42%0.44%1.29%1.98%2.93%2.69%0.82%0.00%

Drawdowns

BTG vs. KGC - Drawdown Comparison

The maximum BTG drawdown since its inception was -85.97%, smaller than the maximum KGC drawdown of -96.00%. Use the drawdown chart below to compare losses from any high point for BTG and KGC.


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Drawdown Indicators


BTGKGCDifference

Max Drawdown

Largest peak-to-trough decline

-85.97%

-96.00%

+10.03%

Max Drawdown (1Y)

Largest decline over 1 year

-36.63%

-30.20%

-6.43%

Max Drawdown (5Y)

Largest decline over 5 years

-50.61%

-61.44%

+10.83%

Max Drawdown (10Y)

Largest decline over 10 years

-63.35%

-67.75%

+4.40%

Current Drawdown

Current decline from peak

-26.77%

-15.79%

-10.98%

Average Drawdown

Average peak-to-trough decline

-38.52%

-57.84%

+19.32%

Ulcer Index

Depth and duration of drawdowns from previous peaks

15.36%

8.58%

+6.78%

Volatility

BTG vs. KGC - Volatility Comparison

B2Gold Corp. (BTG) has a higher volatility of 19.56% compared to Kinross Gold Corporation (KGC) at 16.80%. This indicates that BTG's price experiences larger fluctuations and is considered to be riskier than KGC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


BTGKGCDifference

Volatility (1M)

Calculated over the trailing 1-month period

19.56%

16.80%

+2.76%

Volatility (6M)

Calculated over the trailing 6-month period

45.03%

41.14%

+3.89%

Volatility (1Y)

Calculated over the trailing 1-year period

54.19%

50.45%

+3.74%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

43.95%

43.55%

+0.40%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

48.61%

47.67%

+0.94%

Financials

BTG vs. KGC - Financials Comparison

This section allows you to compare key financial metrics between B2Gold Corp. and Kinross 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


500.00M1.00B1.50B2.00BAprilJulyOctober2022AprilJulyOctober2023AprilJulyOctober2024AprilJulyOctober2025AprilJulyOctober
1.07B
2.05B
(BTG) Total Revenue
(KGC) Total Revenue
Values in USD except per share items

BTG vs. KGC - Profitability Comparison

The chart below illustrates the profitability comparison between B2Gold Corp. and Kinross 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

0.0%10.0%20.0%30.0%40.0%50.0%AprilJulyOctober2022AprilJulyOctober2023AprilJulyOctober2024AprilJulyOctober2025AprilJulyOctober
52.3%
52.4%
Portfolio components
BTG - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, B2Gold Corp. reported a gross profit of 559.72M and revenue of 1.07B. Therefore, the gross margin over that period was 52.3%.

KGC - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Kinross Gold Corporation reported a gross profit of 1.08B and revenue of 2.05B. Therefore, the gross margin over that period was 52.4%.

BTG - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, B2Gold Corp. reported an operating income of 529.36M and revenue of 1.07B, resulting in an operating margin of 49.5%.

KGC - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Kinross Gold Corporation reported an operating income of 985.01M and revenue of 2.05B, resulting in an operating margin of 48.0%.

BTG - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, B2Gold Corp. reported a net income of 173.21M and revenue of 1.07B, resulting in a net margin of 16.2%.

KGC - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Kinross Gold Corporation reported a net income of 920.43M and revenue of 2.05B, resulting in a net margin of 44.8%.