CGAU vs. GORO

Last updated Jun 24, 2026

CGAU (Centerra Gold Inc) and GORO (Gold Resource Corporation) 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 -11.42%/yr for GORO. At a 0.44 correlation, their price movements are largely independent.

Performance

CGAU vs. GORO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Centerra Gold Inc (CGAU) and Gold Resource Corporation (GORO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CGAU achieves a 12.13% return, which is significantly lower than GORO's 60.63% return.

CGAU

• 1D: -3.44%
• 1M: -2.73%
• YTD: 12.13%
• 6M: 7.21%
• 1Y: 125.02%
• 3Y*: 44.07%
• 5Y*: 17.55%
• 10Y*: —

GORO

• 1D: 0.00%
• 1M: 3.10%
• YTD: 60.63%
• 6M: 39.35%
• 1Y: 126.38%
• 3Y*: 21.58%
• 5Y*: -11.42%
• 10Y*: -8.45%

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

CGAU vs. GORO - 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%
GORO Gold Resource Corporation	60.63%	259.84%	-38.80%	-75.42%	0.20%	-42.63%

Correlation

The correlation between CGAU and GORO is 0.53, 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	0.53
Correlation (3Y) Calculated over the trailing 3-year period	0.40
Correlation (5Y) Calculated over the trailing 5-year period	0.44
Correlation (All Time) Calculated using the full available price history since Apr 15, 2021	0.44

The correlation between CGAU and GORO shifts across timeframes, from 0.40 (3 years) to 0.53 (1 year), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap CGAU : $3.23B GORO : $217.74M
EPS CGAU : $3.07 GORO : $0.05
PE Ratio CGAU : 5.21 GORO : 29.00
PEG Ratio CGAU : 0.02 GORO : 0.86
PS Ratio CGAU : 2.15 GORO : 2.36
PB Ratio CGAU : 1.53 GORO : 4.46
Total Revenue (TTM) CGAU : $1.54B GORO : $81.00M
Gross Profit (TTM) CGAU : $524.70M GORO : $38.71M
EBITDA (TTM) CGAU : $962.67M GORO : $43.09M

Return for Risk

CGAU vs. GORO — Risk / Return Rank

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

CGAU

CGAU Risk / Return Rank: 89
CGAU Sharpe Ratio Rank: 92
CGAU Sortino Ratio Rank: 85
CGAU Omega Ratio Rank: 86
CGAU Calmar Ratio Rank: 90
CGAU Martin Ratio Rank: 91

GORO

GORO Risk / Return Rank: 79
GORO Sharpe Ratio Rank: 79
GORO Sortino Ratio Rank: 80
GORO Omega Ratio Rank: 75
GORO Calmar Ratio Rank: 83
GORO Martin Ratio Rank: 77

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.

CGAU vs. GORO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Centerra Gold Inc (CGAU) and Gold Resource Corporation (GORO). 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	GORO	Difference
Sharpe ratio: Return per unit of total volatility	2.41	1.31	+1.10
Sortino ratio: Return per unit of downside risk	2.59	2.23	+0.37
Omega ratio: Gain probability vs. loss probability	1.36	1.25	+0.10
Calmar ratio: Return relative to maximum drawdown	4.26	2.87	+1.39
Martin ratio: Return relative to average drawdown	12.11	5.15	+6.95

CGAU vs. GORO - Sharpe Ratio Comparison

The current CGAU Sharpe Ratio is 2.41, which is higher than the GORO Sharpe Ratio of 1.31. The chart below compares the historical Sharpe Ratios of CGAU and GORO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CGAU vs. GORO - Drawdown Comparison

The maximum CGAU drawdown since its inception was -63.47%, smaller than the maximum GORO drawdown of -99.48%. Use the drawdown chart below to compare losses from any high point for CGAU and GORO.

Drawdown Indicators

	CGAU	GORO	Difference
Max Drawdown Largest peak-to-trough decline	-63.47%	-99.48%	+36.01%
Max Drawdown (1Y) Largest decline over 1 year	-29.50%	-44.27%	+14.77%
Max Drawdown (3Y) Largest decline over 3 years	-30.24%	-83.24%	+53.00%
Max Drawdown (5Y) Largest decline over 5 years	-63.47%	-95.07%	+31.60%
Max Drawdown (10Y) Largest decline over 10 years	—	-98.29%	—
Current Drawdown Current decline from peak	-23.38%	-94.47%	+71.09%
Average Drawdown Average peak-to-trough decline	-29.55%	-65.17%	+35.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.37%	24.63%	-14.26%

Volatility

CGAU vs. GORO - Volatility Comparison

Centerra Gold Inc (CGAU) has a higher volatility of 18.79% compared to Gold Resource Corporation (GORO) at 16.61%. This indicates that CGAU's price experiences larger fluctuations and is considered to be riskier than GORO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CGAU	GORO	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.79%	16.61%	+2.18%
Volatility (6M) Calculated over the trailing 6-month period	43.04%	70.61%	-27.57%
Volatility (1Y) Calculated over the trailing 1-year period	52.20%	97.07%	-44.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	47.10%	93.04%	-45.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	48.86%	78.69%	-29.83%

Dividends

CGAU vs. GORO - Dividend Comparison

CGAU's dividend yield for the trailing twelve months is around 1.27%, while GORO has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CGAU Centerra Gold Inc	1.27%	1.39%	3.59%	3.45%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
GORO Gold Resource Corporation	0.00%	0.00%	0.00%	0.00%	2.61%	2.78%	1.37%	0.42%	0.50%	0.45%	0.69%	7.23%

Financials

Frequently Asked Questions

Can I hold both CGAU and GORO in my portfolio?

CGAU and GORO have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CGAU or GORO?

CGAU has higher volatility (18.79%) compared to GORO (16.61%). In terms of maximum drawdown, CGAU dropped -63.47% vs GORO's -99.48%.

Which has better risk-adjusted returns?

CGAU currently has the higher Sharpe Ratio (2.41 vs 1.31), 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.