CDE vs. NGD.TO

Last updated Jun 13, 2026

CDE (Coeur Mining, Inc.) and NGD.TO (New Gold Inc.) are both stocks. Both operate in the Gold industry within the Basic Materials sector. A 0.54 correlation means they provide meaningful diversification when combined.

Performance

CDE vs. NGD.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Coeur Mining, Inc. (CDE) and New Gold Inc. (NGD.TO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

CDE is traded in USD, while NGD.TO is traded in CAD. To make them comparable, the NGD.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

CDE

• 1D: 4.88%
• 1M: -11.24%
• YTD: -3.43%
• 6M: -0.18%
• 1Y: 85.95%
• 3Y*: 74.15%
• 5Y*: 9.92%
• 10Y*: 7.09%

NGD.TO

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

CDE vs. NGD.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CDE Coeur Mining, Inc.	-3.43%	211.71%	75.46%	-2.98%	-33.33%	-51.30%	28.09%	80.76%	-40.40%	-17.49%
NGD.TO New Gold Inc.	1.41%	249.08%	72.38%	47.88%	-33.82%	-32.47%	149.40%	14.23%	-76.55%	-5.95%

Correlation

The correlation between CDE and NGD.TO is 0.68, 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	0.68
Correlation (3Y) Calculated over the trailing 3-year period	0.64
Correlation (5Y) Calculated over the trailing 5-year period	0.62
Correlation (10Y) Calculated over the trailing 10-year period	0.56
Correlation (All Time) Calculated using the full available price history since Apr 21, 2006	0.54

The correlation between CDE and NGD.TO shifts across timeframes, from 0.54 (all time) to 0.68 (1 year), reflecting how their relationship changes across market environments.

Fundamentals

EPS CDE : $1.64 NGD.TO : $1.09
PE Ratio CDE : 10.46 NGD.TO : 7.99
PEG Ratio CDE : 0.09 NGD.TO : 0.01
PS Ratio CDE : 3.26 NGD.TO : 4.65
Total Revenue (TTM) CDE : $2.57B NGD.TO : $1.49B
Gross Profit (TTM) CDE : $909.07M NGD.TO : $767.09M
EBITDA (TTM) CDE : $1.23B NGD.TO : $810.05M

Return for Risk

CDE vs. NGD.TO — Risk / Return Rank

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

CDE

CDE Risk / Return Rank: 75
CDE Sharpe Ratio Rank: 79
CDE Sortino Ratio Rank: 74
CDE Omega Ratio Rank: 74
CDE Calmar Ratio Rank: 77
CDE Martin Ratio Rank: 73

NGD.TO

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

CDE vs. NGD.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Coeur Mining, Inc. (CDE) and New Gold Inc. (NGD.TO). 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.

	CDE	NGD.TO	Difference
Sharpe ratio: Return per unit of total volatility	1.23	—	—
Sortino ratio: Return per unit of downside risk	1.82	—	—
Omega ratio: Gain probability vs. loss probability	1.24	—	—
Calmar ratio: Return relative to maximum drawdown	2.02	—	—
Martin ratio: Return relative to average drawdown	4.02	—	—

Drawdowns

Drawdown Indicators

	CDE	NGD.TO	Difference
Max Drawdown Largest peak-to-trough decline	-99.40%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-43.18%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-43.18%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-80.84%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-87.42%	—	—
Current Drawdown Current decline from peak	-94.03%	—	—
Average Drawdown Average peak-to-trough decline	-81.49%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	21.71%	—	—

Volatility

Volatility by Period

	CDE	NGD.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	22.43%	—	—
Volatility (6M) Calculated over the trailing 6-month period	55.24%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	70.98%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	68.37%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	68.85%	—	—

Dividends

CDE vs. NGD.TO - Dividend Comparison

CDE's dividend yield for the trailing twelve months is around 0.12%, while NGD.TO has not paid dividends to shareholders.

Position	TTM
CDE Coeur Mining, Inc.	0.12%
NGD.TO New Gold Inc.	0.00%

Financials

Frequently Asked Questions

Can I hold both CDE and NGD.TO in my portfolio?

CDE and NGD.TO have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.