CGAU vs. EQX
CGAU (Centerra Gold Inc) and EQX (Equinox Gold Corp.) are both stocks. Both operate in the Gold industry within the Basic Materials sector. Over the past 5 years, CGAU returned 17.55%/yr vs 5.99%/yr for EQX. A 0.68 correlation means they provide meaningful diversification when combined.
Performance
CGAU vs. EQX - Performance Comparison
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Returns By Period
In the year-to-date period, CGAU achieves a 12.13% return, which is significantly higher than EQX's -30.26% return.
CGAU
- 1D
- -3.44%
- 1M
- -2.73%
- YTD
- 12.13%
- 6M
- 7.21%
- 1Y
- 125.02%
- 3Y*
- 44.07%
- 5Y*
- 17.55%
- 10Y*
- —
EQX
- 1D
- -4.68%
- 1M
- -19.46%
- YTD
- -30.26%
- 6M
- -34.24%
- 1Y
- 59.98%
- 3Y*
- 28.63%
- 5Y*
- 5.99%
- 10Y*
- —
CGAU vs. EQX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CGAU Centerra Gold Inc | 12.13% | 159.49% | -1.45% | 19.37% | -32.55% | -14.48% |
EQX Equinox Gold Corp. | -30.26% | 179.68% | 2.66% | 49.09% | -51.48% | -21.30% |
Correlation
The correlation between CGAU and EQX is 0.77, 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 | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Apr 15, 2021 | 0.68 |
The correlation between CGAU and EQX has been stable across timeframes, ranging from 0.68 to 0.77 - a consistent structural relationship.
Fundamentals
CGAU:
$3.23B
EQX:
$8.07B
CGAU:
$3.07
EQX:
$0.89
CGAU:
5.21
EQX:
10.97
CGAU:
0.02
EQX:
0.02
CGAU:
2.15
EQX:
2.93
CGAU:
1.53
EQX:
1.32
CGAU:
$1.54B
EQX:
$2.29B
CGAU:
$524.70M
EQX:
$866.94M
CGAU:
$962.67M
EQX:
$1.22B
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Return for Risk
CGAU vs. EQX — Risk / Return Rank
CGAU
EQX
CGAU vs. EQX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Centerra Gold Inc (CGAU) and Equinox Gold Corp. (EQX). 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 | EQX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.43 | ||
| Sortino ratioReturn per unit of downside risk | +1.01 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.20 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 4.26 | 1.26 | +3.01 |
| Martin ratioReturn relative to average drawdown | 12.11 | 3.52 | +8.58 |
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Drawdowns
CGAU vs. EQX - Drawdown Comparison
The maximum CGAU drawdown since its inception was -63.47%, smaller than the maximum EQX drawdown of -81.06%. Use the drawdown chart below to compare losses from any high point for CGAU and EQX.
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Drawdown Indicators
| CGAU | EQX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.47% | -81.06% | +17.59% |
Max Drawdown (1Y)Largest decline over 1 year | -29.50% | -48.02% | +18.52% |
Max Drawdown (3Y)Largest decline over 3 years | -30.24% | -48.02% | +17.78% |
Max Drawdown (5Y)Largest decline over 5 years | -63.47% | -71.57% | +8.10% |
Current DrawdownCurrent decline from peak | -23.38% | -47.81% | +24.43% |
Average DrawdownAverage peak-to-trough decline | -29.55% | -38.14% | +8.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.37% | 17.10% | -6.73% |
Volatility
CGAU vs. EQX - Volatility Comparison
The current volatility for Centerra Gold Inc (CGAU) is 18.79%, while Equinox Gold Corp. (EQX) has a volatility of 22.02%. This indicates that CGAU experiences smaller price fluctuations and is considered to be less risky than EQX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CGAU | EQX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.79% | 22.02% | -3.23% |
Volatility (6M)Calculated over the trailing 6-month period | 43.04% | 49.23% | -6.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 52.20% | 61.24% | -9.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.10% | 57.68% | -10.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 48.86% | 55.60% | -6.74% |
Dividends
CGAU vs. EQX - Dividend Comparison
CGAU's dividend yield for the trailing twelve months is around 1.27%, more than EQX's 0.31% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
CGAU Centerra Gold Inc | 1.27% | 1.39% | 3.59% | 3.45% |
EQX Equinox Gold Corp. | 0.31% | 0.00% | 0.00% | 0.00% |
Financials
CGAU vs. EQX - Financials Comparison
This section allows you to compare key financial metrics between Centerra Gold Inc and Equinox Gold 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. EQX - Profitability Comparison
CGAU - 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 182.83M and revenue of 478.59M. Therefore, the gross margin over that period was 38.2%.
EQX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Equinox Gold Corp. reported a gross profit of 438.50M and revenue of 861.59M. Therefore, the gross margin over that period was 50.9%.
CGAU - 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 152.54M and revenue of 478.59M, resulting in an operating margin of 31.9%.
EQX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Equinox Gold Corp. reported an operating income of 390.23M and revenue of 861.59M, resulting in an operating margin of 45.3%.
CGAU - 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 78.33M and revenue of 478.59M, resulting in a net margin of 16.4%.
EQX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Equinox Gold Corp. reported a net income of 310.11M and revenue of 861.59M, resulting in a net margin of 36.0%.
Frequently Asked Questions
CGAU and EQX have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EQX has higher volatility (22.02%) compared to CGAU (18.79%). In terms of maximum drawdown, CGAU dropped -63.47% vs EQX's -81.06%.
CGAU currently has the higher Sharpe Ratio (2.41 vs 0.98), 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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