BTG vs. NEM
BTG (B2Gold Corp.) and NEM (Newmont Corporation) are both stocks. Both operate in the Gold industry within the Basic Materials sector. Over the past 10 years, BTG returned 11.30%/yr vs 14.61%/yr for NEM. A 0.61 correlation means they provide meaningful diversification when combined.
Performance
BTG vs. NEM - Performance Comparison
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Returns By Period
In the year-to-date period, BTG achieves a 1.94% return, which is significantly lower than NEM's 8.97% return. Over the past 10 years, BTG has underperformed NEM with an annualized return of 11.30%, while NEM has yielded a comparatively higher 14.61% annualized return.
BTG
- 1D
- 0.66%
- 1M
- 8.02%
- YTD
- 1.94%
- 6M
- 0.83%
- 1Y
- 27.13%
- 3Y*
- 10.60%
- 5Y*
- 2.28%
- 10Y*
- 11.30%
NEM
- 1D
- 0.80%
- 1M
- -0.39%
- YTD
- 8.97%
- 6M
- 19.93%
- 1Y
- 98.05%
- 3Y*
- 40.28%
- 5Y*
- 11.88%
- 10Y*
- 14.61%
BTG vs. NEM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BTG B2Gold Corp. | 1.94% | 88.95% | -18.07% | -7.22% | -5.13% | -26.97% | 42.35% | 37.72% | -5.81% | 30.80% |
NEM Newmont Corporation | 8.97% | 172.82% | -7.83% | -8.76% | -20.77% | 7.40% | 40.28% | 30.52% | -6.15% | 10.91% |
Correlation
The correlation between BTG and NEM is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Jun 25, 2008 | 0.61 |
The correlation between BTG and NEM shifts across timeframes, from 0.61 (all time) to 0.72 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
BTG:
$0.36
NEM:
$6.34
BTG:
12.85
NEM:
17.09
BTG:
0.01
NEM:
0.44
BTG:
1.90
NEM:
5.22
BTG:
$3.67B
NEM:
$17.23B
BTG:
$1.89B
NEM:
$8.97B
BTG:
$1.96B
NEM:
$13.78B
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Return for Risk
BTG vs. NEM — Risk / Return Rank
BTG
NEM
BTG vs. NEM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for B2Gold Corp. (BTG) and Newmont Corporation (NEM). 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 | NEM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.63 | ||
| Sortino ratioReturn per unit of downside risk | -1.40 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.34 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 0.74 | 3.62 | -2.87 |
| Martin ratioReturn relative to average drawdown | 1.51 | 9.84 | -8.33 |
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 | NEM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.50 | 2.13 | -1.63 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.05 | 0.32 | -0.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.24 | 0.41 | -0.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.14 | 0.13 | +0.01 |
Drawdowns
BTG vs. NEM - Drawdown Comparison
The maximum BTG drawdown since its inception was -85.97%, which is greater than NEM's maximum drawdown of -81.30%. Use the drawdown chart below to compare losses from any high point for BTG and NEM.
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Drawdown Indicators
| BTG | NEM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.97% | -81.30% | -4.67% |
Max Drawdown (1Y)Largest decline over 1 year | -36.63% | -27.25% | -9.38% |
Max Drawdown (3Y)Largest decline over 3 years | -36.86% | -36.57% | -0.29% |
Max Drawdown (5Y)Largest decline over 5 years | -48.92% | -62.40% | +13.48% |
Max Drawdown (10Y)Largest decline over 10 years | -63.35% | -62.40% | -0.95% |
Current DrawdownCurrent decline from peak | -25.96% | -17.54% | -8.42% |
Average DrawdownAverage peak-to-trough decline | -38.36% | -41.38% | +3.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.96% | 10.00% | +7.96% |
Volatility
BTG vs. NEM - Volatility Comparison
B2Gold Corp. (BTG) has a higher volatility of 17.79% compared to Newmont Corporation (NEM) at 13.06%. This indicates that BTG's price experiences larger fluctuations and is considered to be riskier than NEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BTG | NEM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.79% | 13.06% | +4.73% |
Volatility (6M)Calculated over the trailing 6-month period | 43.11% | 35.98% | +7.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.41% | 46.26% | +8.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.56% | 37.67% | +6.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 48.18% | 35.49% | +12.69% |
Dividends
BTG vs. NEM - Dividend Comparison
BTG's dividend yield for the trailing twelve months is around 1.75%, more than NEM's 0.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BTG B2Gold Corp. | 1.75% | 1.77% | 6.56% | 5.06% | 4.48% | 4.07% | 1.96% | 0.25% | 0.00% | 0.00% | 0.00% | 0.00% |
NEM Newmont Corporation | 0.94% | 1.00% | 2.69% | 3.87% | 4.66% | 3.55% | 1.74% | 3.31% | 1.62% | 0.67% | 0.37% | 0.56% |
Financials
BTG vs. NEM - Financials Comparison
This section allows you to compare key financial metrics between B2Gold Corp. and Newmont 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.
Total Revenue: Total amount of money received from sales and other business activities
Frequently Asked Questions
BTG and NEM have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTG has higher volatility (17.79%) compared to NEM (13.06%). In terms of maximum drawdown, BTG dropped -85.97% vs NEM's -81.30%.
NEM currently has the higher Sharpe Ratio (2.13 vs 0.50), 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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