BYRN vs. RGLD
BYRN (Byrna Technologies Inc.) and RGLD (Royal Gold, Inc.) are both stocks. BYRN operates in Aerospace & Defense (Industrials), while RGLD operates in Gold (Basic Materials). Over the past 10 years, BYRN returned 6.61%/yr vs 10.07%/yr for RGLD. Their 0.05 correlation means their historical movements had little consistent relationship.
Performance
BYRN vs. RGLD - Performance Comparison
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Returns By Period
In the year-to-date period, BYRN achieves a -72.90% return, which is significantly lower than RGLD's -10.20% return. Over the past 10 years, BYRN has underperformed RGLD with an annualized return of 6.61%, while RGLD has yielded a comparatively higher 10.07% annualized return.
BYRN
- 1D
- -0.22%
- 1M
- -33.09%
- 6M
- -66.81%
- YTD
- -72.90%
- 1Y
- -79.51%
- 3Y*
- 9.14%
- 5Y*
- -28.29%
- 10Y*
- 6.61%
- ALL TIME*
- 3.96%
RGLD
- 1D
- -2.31%
- 1M
- 0.02%
- 6M
- -24.35%
- YTD
- -10.20%
- 1Y
- 32.12%
- 3Y*
- 21.00%
- 5Y*
- 11.59%
- 10Y*
- 10.07%
- ALL TIME*
- 16.03%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $4.54M | $5.26M | $3.58M | |
RGLD Royal Gold, Inc. | $133.30M | $134.04M | $155.03M |
BYRN vs. RGLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BYRN Byrna Technologies Inc. | -72.90% | -41.72% | 350.86% | -18.49% | -41.27% | -7.93% | 663.16% | 26.67% | 7.14% | -30.00% |
RGLD Royal Gold, Inc. | -10.20% | 70.43% | 10.39% | 8.70% | 8.51% | 0.04% | -12.13% | 44.27% | 5.53% | 31.32% |
Correlation
The correlation between BYRN and RGLD is 0.15, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.15 |
Correlation (3Y) Balances recent behavior with more history. | 0.13 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.12 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.08 |
Correlation (All Time) Calculated using the full available price history since Feb 23, 2011 | 0.05 |
Fundamentals
BYRN:
$103.25M
RGLD:
$16.83B
BYRN:
-$0.16
RGLD:
$8.21
BYRN:
0.99
RGLD:
11.72
BYRN:
1.81
RGLD:
2.27
BYRN:
$108.86M
RGLD:
$1.31B
BYRN:
$57.17M
RGLD:
$579.68M
BYRN:
-$3.55M
RGLD:
$949.59M
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Return for Risk
BYRN vs. RGLD — Risk / Return Rank
BYRN
RGLD
BYRN vs. RGLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Byrna Technologies Inc. (BYRN) and Royal Gold, Inc. (RGLD). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BYRN | RGLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.78 | ||
| Sortino ratioReturn per unit of downside risk | -3.13 | ||
| Omega ratioGain probability vs. loss probability | 0.75 | 1.16 | -0.41 |
| Calmar ratioReturn relative to maximum drawdown | -0.90 | 0.85 | -1.75 |
| Martin ratioReturn relative to average drawdown | -1.44 | 1.84 | -3.28 |
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Drawdowns
BYRN vs. RGLD - Drawdown Comparison
The maximum BYRN drawdown since its inception was -92.51%, smaller than the maximum RGLD drawdown of -98.29%. Use the drawdown chart below to compare losses from any high point for BYRN and RGLD.
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Drawdown Indicators
| BYRN | RGLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.51% | -98.29% | +5.78% |
Max Drawdown (1Y)Largest decline over 1 year | -88.49% | -38.17% | -50.32% |
Max Drawdown (3Y)Largest decline over 3 years | -90.70% | -38.17% | -52.53% |
Max Drawdown (5Y)Largest decline over 5 years | -92.51% | -40.73% | -51.78% |
Max Drawdown (10Y)Largest decline over 10 years | -92.51% | -49.55% | -42.96% |
Current DrawdownCurrent decline from peak | -86.69% | -34.54% | -52.15% |
Average DrawdownAverage peak-to-trough decline | -52.64% | -29.83% | -22.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 55.21% | 17.52% | +37.69% |
Volatility
BYRN vs. RGLD - Volatility Comparison
Byrna Technologies Inc. (BYRN) has a higher volatility of 50.27% compared to Royal Gold, Inc. (RGLD) at 9.95%. This indicates that BYRN's price experiences larger fluctuations and is considered to be riskier than RGLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BYRN | RGLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 50.27% | 9.95% | +40.32% |
Volatility (6M)Calculated over the trailing 6-month period | 77.46% | 31.80% | +45.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 82.35% | 39.83% | +42.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 75.62% | 31.81% | +43.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 96.48% | 33.63% | +62.85% |
Dividends
BYRN vs. RGLD - Dividend Comparison
BYRN has not paid dividends to shareholders, while RGLD's dividend yield for the trailing twelve months is around 0.95%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BYRN Byrna Technologies Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
RGLD Royal Gold, Inc. | 0.95% | 0.81% | 1.21% | 1.24% | 1.24% | 1.14% | 1.05% | 0.87% | 1.17% | 1.17% | 1.45% | 1.81% |
Financials
BYRN vs. RGLD - Financials Comparison
This section allows you to compare key financial metrics between Byrna Technologies Inc. and Royal Gold, Inc.. 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
BYRN vs. RGLD - Profitability Comparison
BYRN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Byrna Technologies Inc. reported a gross profit of 1.78M and revenue of 16.39M. Therefore, the gross margin over that period was 10.9%.
RGLD - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Royal Gold, Inc. reported a gross profit of 0.00 and revenue of 469.13M. Therefore, the gross margin over that period was 0.0%.
BYRN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Byrna Technologies Inc. reported an operating income of -12.85M and revenue of 16.39M, resulting in an operating margin of -78.4%.
RGLD - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Royal Gold, Inc. reported an operating income of 297.09M and revenue of 469.13M, resulting in an operating margin of 63.3%.
BYRN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Byrna Technologies Inc. reported a net income of -10.09M and revenue of 16.39M, resulting in a net margin of -61.6%.
RGLD - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Royal Gold, Inc. reported a net income of 281.13M and revenue of 469.13M, resulting in a net margin of 59.9%.
Frequently Asked Questions
BYRN and RGLD have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BYRN has higher volatility (50.27%) compared to RGLD (9.95%). In terms of maximum drawdown, BYRN dropped -92.51% vs RGLD's -98.29%.
RGLD currently has the higher Sharpe Ratio (0.81 vs -0.97), 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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