CG.TO vs. ABX.TO
CG.TO (Centerra Gold Inc.) and ABX.TO (Barrick Gold Corporation) are both stocks. Both operate in the Gold industry within the Basic Materials sector. Over the past 10 years, CG.TO returned 21.14%/yr vs 11.15%/yr for ABX.TO. A 0.53 correlation means they provide meaningful diversification when combined.
Performance
CG.TO vs. ABX.TO - Performance Comparison
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Returns By Period
In the year-to-date period, CG.TO achieves a 18.45% return, which is significantly higher than ABX.TO's -1.41% return. Over the past 10 years, CG.TO has outperformed ABX.TO with an annualized return of 21.14%, while ABX.TO has yielded a comparatively lower 11.15% annualized return.
CG.TO
- 1D
- -3.36%
- 1M
- 2.69%
- YTD
- 18.45%
- 6M
- 27.69%
- 1Y
- 127.98%
- 3Y*
- 56.65%
- 5Y*
- 34.38%
- 10Y*
- 21.14%
ABX.TO
- 1D
- -2.53%
- 1M
- 12.05%
- YTD
- -1.41%
- 6M
- 4.31%
- 1Y
- 115.96%
- 3Y*
- 38.98%
- 5Y*
- 18.79%
- 10Y*
- 11.15%
CG.TO vs. ABX.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CG.TO Centerra Gold Inc. | 18.45% | 148.18% | 26.83% | 33.01% | -18.21% | -25.14% | 56.55% | 76.28% | -9.01% | 2.38% |
ABX.TO Barrick Gold Corporation | -1.41% | 173.90% | -4.69% | 5.66% | 0.12% | -13.90% | 21.80% | 32.27% | 2.91% | -14.68% |
Correlation
The correlation between CG.TO and ABX.TO is 0.76, 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 | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 2004 | 0.53 |
Over the past year, CG.TO and ABX.TO have become more correlated (0.76) than their long-term average of 0.53, meaning their price movements have been converging.
Fundamentals
CG.TO:
CA$4.69B
ABX.TO:
CA$97.50B
CG.TO:
CA$3.07
ABX.TO:
CA$3.60
CG.TO:
7.58
ABX.TO:
16.18
CG.TO:
0.03
ABX.TO:
0.19
CG.TO:
3.13
ABX.TO:
5.19
CG.TO:
2.23
ABX.TO:
3.56
CG.TO:
CA$1.54B
ABX.TO:
CA$19.02B
CG.TO:
CA$524.23M
ABX.TO:
CA$10.15B
CG.TO:
CA$781.46M
ABX.TO:
CA$12.44B
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Return for Risk
CG.TO vs. ABX.TO — Risk / Return Rank
CG.TO
ABX.TO
CG.TO vs. ABX.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Centerra Gold Inc. (CG.TO) and Barrick Gold Corporation (ABX.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.
| CG.TO | ABX.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | -0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.41 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 5.34 | 4.09 | +1.25 |
| Martin ratioReturn relative to average drawdown | 14.70 | 10.67 | +4.03 |
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
| CG.TO | ABX.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.67 | 2.67 | 0.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.79 | 0.55 | +0.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.46 | 0.31 | +0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.19 | 0.30 | -0.10 |
Drawdowns
CG.TO vs. ABX.TO - Drawdown Comparison
The maximum CG.TO drawdown since its inception was -93.96%, which is greater than ABX.TO's maximum drawdown of -84.49%. Use the drawdown chart below to compare losses from any high point for CG.TO and ABX.TO.
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Drawdown Indicators
| CG.TO | ABX.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.96% | -84.49% | -9.47% |
Max Drawdown (1Y)Largest decline over 1 year | -24.10% | -28.49% | +4.39% |
Max Drawdown (3Y)Largest decline over 3 years | -27.57% | -28.49% | +0.92% |
Max Drawdown (5Y)Largest decline over 5 years | -57.12% | -43.76% | -13.36% |
Max Drawdown (10Y)Largest decline over 10 years | -63.87% | -56.55% | -7.32% |
Current DrawdownCurrent decline from peak | -18.36% | -17.97% | -0.39% |
Average DrawdownAverage peak-to-trough decline | -42.10% | -31.41% | -10.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.75% | 10.91% | -2.16% |
Volatility
CG.TO vs. ABX.TO - Volatility Comparison
The current volatility for Centerra Gold Inc. (CG.TO) is 15.28%, while Barrick Gold Corporation (ABX.TO) has a volatility of 16.43%. This indicates that CG.TO experiences smaller price fluctuations and is considered to be less risky than ABX.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CG.TO | ABX.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.28% | 16.43% | -1.15% |
Volatility (6M)Calculated over the trailing 6-month period | 38.15% | 33.28% | +4.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 48.22% | 43.70% | +4.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.08% | 34.34% | +9.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 46.64% | 35.83% | +10.81% |
Dividends
CG.TO vs. ABX.TO - Dividend Comparison
CG.TO's dividend yield for the trailing twelve months is around 1.20%, less than ABX.TO's 2.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ABX.TO Barrick Gold Corporation | 2.18% | 1.23% | 2.45% | 2.27% | 3.64% | 4.06% | 1.42% | 0.92% | 1.36% | 1.02% | 0.59% | 1.93% |
CG.TO Centerra Gold Inc. | 1.20% | 1.42% | 20.54% | 16.50% | 16.83% | 12.72% | 8.01% | 0.00% | 0.00% | 0.00% | 1.91% | 2.43% |
Financials
CG.TO vs. ABX.TO - Financials Comparison
This section allows you to compare key financial metrics between Centerra Gold Inc. 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.
Total Revenue: Total amount of money received from sales and other business activities
CG.TO vs. ABX.TO - Profitability Comparison
CG.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Centerra Gold Inc. reported a gross profit of 182.36M and revenue of 477.36M. Therefore, the gross margin over that period was 38.2%.
ABX.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Barrick Gold Corporation reported a gross profit of 2.97B and revenue of 5.16B. Therefore, the gross margin over that period was 57.5%.
CG.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Centerra Gold Inc. reported an operating income of 152.15M and revenue of 477.36M, resulting in an operating margin of 31.9%.
ABX.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Barrick Gold Corporation reported an operating income of 2.93B and revenue of 5.16B, resulting in an operating margin of 56.7%.
CG.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Centerra Gold Inc. reported a net income of 78.13M and revenue of 477.36M, resulting in a net margin of 16.4%.
ABX.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Barrick Gold Corporation reported a net income of 1.58B and revenue of 5.16B, resulting in a net margin of 30.5%.
Frequently Asked Questions
CG.TO and ABX.TO have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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