CGAU vs. BTG
CGAU (Centerra Gold Inc) and BTG (B2Gold Corp.) are both stocks. Both operate in the Gold industry within the Basic Materials sector. Over the past 5 years, CGAU returned 23.46%/yr vs 5.34%/yr for BTG. Their 0.70 correlation means they have sometimes moved together and sometimes differently.
Performance
CGAU vs. BTG - Performance Comparison
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Returns By Period
In the year-to-date period, CGAU achieves a 36.21% return, which is significantly higher than BTG's -8.28% return.
CGAU
- 1D
- 7.22%
- 1M
- 17.87%
- 6M
- 11.98%
- YTD
- 36.21%
- 1Y
- 170.72%
- 3Y*
- 52.08%
- 5Y*
- 23.46%
- 10Y*
- —
- ALL TIME*
- 17.93%
BTG
- 1D
- 5.40%
- 1M
- 1.23%
- 6M
- -18.09%
- YTD
- -8.28%
- 1Y
- 12.51%
- 3Y*
- 12.96%
- 5Y*
- 5.34%
- 10Y*
- 4.58%
- ALL TIME*
- 7.37%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
BTG B2Gold Corp. | $75.10M | $74.71M | $92.56M |
| $31.59M | $25.80M | $25.75M |
CGAU vs. BTG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CGAU Centerra Gold Inc | 36.21% | 159.49% | -1.45% | 19.37% | -32.55% | -14.48% |
BTG B2Gold Corp. | -8.28% | 88.95% | -18.07% | -7.22% | -5.13% | -13.38% |
Correlation
The correlation between CGAU and BTG is 0.76, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.76 |
Correlation (3Y) Balances recent behavior with more history. | 0.72 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.70 |
Correlation (All Time) Calculated using the full available price history since Apr 15, 2021 | 0.70 |
The correlation between CGAU and BTG has been stable across timeframes, ranging from 0.70 to 0.76 - a consistent structural relationship.
Fundamentals
CGAU:
$3.81B
BTG:
$5.46B
CGAU:
$3.13
BTG:
$0.35
CGAU:
6.22
BTG:
11.61
CGAU:
0.03
BTG:
0.01
CGAU:
2.34
BTG:
1.71
CGAU:
1.81
BTG:
1.67
CGAU:
$1.70B
BTG:
$3.67B
CGAU:
$611.06M
BTG:
$1.89B
CGAU:
$1.02B
BTG:
$1.96B
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Return for Risk
CGAU vs. BTG — Risk / Return Rank
CGAU
BTG
CGAU vs. BTG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Centerra Gold Inc (CGAU) and B2Gold Corp. (BTG). 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.
| CGAU | BTG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.96 | ||
| Sortino ratioReturn per unit of downside risk | +2.40 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.09 | +0.34 |
| Calmar ratioReturn relative to maximum drawdown | 5.82 | 0.31 | +5.51 |
| Martin ratioReturn relative to average drawdown | 13.46 | 0.54 | +12.92 |
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Drawdowns
CGAU vs. BTG - Drawdown Comparison
The maximum CGAU drawdown since its inception was -63.47%, smaller than the maximum BTG drawdown of -85.97%. Use the drawdown chart below to compare losses from any high point for CGAU and BTG.
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Drawdown Indicators
| CGAU | BTG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.47% | -85.97% | +22.50% |
Max Drawdown (1Y)Largest decline over 1 year | -29.50% | -40.70% | +11.20% |
Max Drawdown (3Y)Largest decline over 3 years | -29.50% | -40.70% | +11.20% |
Max Drawdown (5Y)Largest decline over 5 years | -63.47% | -48.92% | -14.55% |
Max Drawdown (10Y)Largest decline over 10 years | — | -63.35% | — |
Current DrawdownCurrent decline from peak | -6.93% | -33.39% | +26.46% |
Average DrawdownAverage peak-to-trough decline | -29.37% | -38.33% | +8.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.73% | 23.07% | -10.34% |
Volatility
CGAU vs. BTG - Volatility Comparison
Centerra Gold Inc (CGAU) has a higher volatility of 17.29% compared to B2Gold Corp. (BTG) at 12.03%. This indicates that CGAU's price experiences larger fluctuations and is considered to be riskier than BTG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CGAU | BTG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.29% | 12.03% | +5.26% |
Volatility (6M)Calculated over the trailing 6-month period | 41.05% | 43.56% | -2.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.01% | 57.01% | -3.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.59% | 45.02% | +2.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.04% | 47.88% | +1.16% |
Dividends
CGAU vs. BTG - Dividend Comparison
CGAU's dividend yield for the trailing twelve months is around 1.05%, less than BTG's 1.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
BTG B2Gold Corp. | 1.95% | 1.77% | 6.56% | 5.06% | 4.48% | 4.07% | 1.96% | 0.25% |
CGAU Centerra Gold Inc | 1.05% | 1.39% | 3.59% | 3.45% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
CGAU vs. BTG - Financials Comparison
This section allows you to compare key financial metrics between Centerra Gold Inc and B2Gold Corp.. 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
CGAU vs. BTG - Profitability Comparison
CGAU - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Centerra Gold Inc reported a gross profit of 159.01M and revenue of 442.71M. Therefore, the gross margin over that period was 35.9%.
BTG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, B2Gold Corp. reported a gross profit of 601.32M and revenue of 1.14B. Therefore, the gross margin over that period was 52.6%.
CGAU - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Centerra Gold Inc reported an operating income of 118.41M and revenue of 442.71M, resulting in an operating margin of 26.8%.
BTG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, B2Gold Corp. reported an operating income of 572.52M and revenue of 1.14B, resulting in an operating margin of 50.1%.
CGAU - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Centerra Gold Inc reported a net income of 72.12M and revenue of 442.71M, resulting in a net margin of 16.3%.
BTG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, B2Gold Corp. reported a net income of 197.17M and revenue of 1.14B, resulting in a net margin of 17.3%.
Frequently Asked Questions
CGAU and BTG 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.
CGAU has higher volatility (17.29%) compared to BTG (12.03%). In terms of maximum drawdown, CGAU dropped -63.47% vs BTG's -85.97%.
CGAU currently has the higher Sharpe Ratio (3.18 vs 0.22), 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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