CGAU vs. GROY
CGAU (Centerra Gold Inc) and GROY (Gold Royalty Corp.) are both stocks. Both are in the Basic Materials sector — CGAU in Gold, GROY in Other Precious Metals & Mining. Over the past 5 years, CGAU returned 19.43%/yr vs -7.14%/yr for GROY. At a 0.49 correlation, their price movements are largely independent.
Performance
CGAU vs. GROY - Performance Comparison
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Returns By Period
In the year-to-date period, CGAU achieves a 22.00% return, which is significantly higher than GROY's -20.30% return.
CGAU
- 1D
- 1.81%
- 1M
- 1.24%
- YTD
- 22.00%
- 6M
- 34.14%
- 1Y
- 135.40%
- 3Y*
- 45.63%
- 5Y*
- 19.43%
- 10Y*
- —
GROY
- 1D
- 2.22%
- 1M
- -6.40%
- YTD
- -20.30%
- 6M
- -22.97%
- 1Y
- 68.59%
- 3Y*
- 18.01%
- 5Y*
- -7.14%
- 10Y*
- —
CGAU vs. GROY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CGAU Centerra Gold Inc | 22.00% | 159.49% | -1.45% | 19.37% | -32.55% | -18.30% |
GROY Gold Royalty Corp. | -20.30% | 233.88% | -17.69% | -36.27% | -51.98% | 5.81% |
Correlation
The correlation between CGAU and GROY is 0.64, 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 | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2021 | 0.49 |
The correlation between CGAU and GROY shifts across timeframes, from 0.49 (all time) to 0.64 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
CGAU:
$3.51B
GROY:
$775.86M
CGAU:
$3.07
GROY:
-$0.01
CGAU:
2.34
GROY:
33.06
CGAU:
1.67
GROY:
1.07
CGAU:
$1.54B
GROY:
$19.65M
CGAU:
$524.70M
GROY:
$14.42M
CGAU:
$962.67M
GROY:
$9.22M
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Return for Risk
CGAU vs. GROY — Risk / Return Rank
CGAU
GROY
CGAU vs. GROY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Centerra Gold Inc (CGAU) and Gold Royalty Corp. (GROY). 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.
| CGAU | GROY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.71 | 1.23 | +1.48 |
Sortino ratioReturn per unit of downside risk | 2.82 | 1.79 | +1.03 |
Omega ratioGain probability vs. loss probability | 1.40 | 1.22 | +0.18 |
Calmar ratioReturn relative to maximum drawdown | 6.04 | 1.85 | +4.19 |
Martin ratioReturn relative to average drawdown | 16.46 | 4.21 | +12.24 |
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
| CGAU | GROY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.71 | 1.23 | +1.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.42 | -0.12 | +0.54 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | -0.03 | +0.34 |
Drawdowns
CGAU vs. GROY - Drawdown Comparison
The maximum CGAU drawdown since its inception was -63.47%, smaller than the maximum GROY drawdown of -82.01%. Use the drawdown chart below to compare losses from any high point for CGAU and GROY.
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Drawdown Indicators
| CGAU | GROY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.47% | -82.01% | +18.54% |
Max Drawdown (1Y)Largest decline over 1 year | -24.61% | -40.12% | +15.51% |
Max Drawdown (3Y)Largest decline over 3 years | -30.24% | -45.58% | +15.34% |
Max Drawdown (5Y)Largest decline over 5 years | -63.47% | -82.01% | +18.54% |
Current DrawdownCurrent decline from peak | -16.64% | -50.48% | +33.84% |
Average DrawdownAverage peak-to-trough decline | -29.65% | -55.83% | +26.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.03% | 17.57% | -8.54% |
Volatility
CGAU vs. GROY - Volatility Comparison
Centerra Gold Inc (CGAU) has a higher volatility of 15.62% compared to Gold Royalty Corp. (GROY) at 13.50%. This indicates that CGAU's price experiences larger fluctuations and is considered to be riskier than GROY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CGAU | GROY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.62% | 13.50% | +2.12% |
Volatility (6M)Calculated over the trailing 6-month period | 40.22% | 37.75% | +2.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 50.47% | 56.07% | -5.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 46.62% | 58.53% | -11.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 48.58% | 59.55% | -10.97% |
Dividends
CGAU vs. GROY - Dividend Comparison
CGAU's dividend yield for the trailing twelve months is around 1.17%, while GROY has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
CGAU Centerra Gold Inc | 1.17% | 1.39% | 3.59% | 3.45% | 0.00% |
GROY Gold Royalty Corp. | 0.00% | 0.00% | 0.00% | 1.36% | 1.72% |
Financials
CGAU vs. GROY - Financials Comparison
This section allows you to compare key financial metrics between Centerra Gold Inc and Gold Royalty 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. GROY - 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%.
GROY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Gold Royalty Corp. reported a gross profit of 5.48M and revenue of 7.18M. Therefore, the gross margin over that period was 76.3%.
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%.
GROY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Gold Royalty Corp. reported an operating income of 2.64M and revenue of 7.18M, resulting in an operating margin of 36.7%.
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%.
GROY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Gold Royalty Corp. reported a net income of 1.77M and revenue of 7.18M, resulting in a net margin of 24.7%.
Frequently Asked Questions
CGAU and GROY have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CGAU has higher volatility (15.62%) compared to GROY (13.50%). In terms of maximum drawdown, CGAU dropped -63.47% vs GROY's -82.01%.
CGAU currently has the higher Sharpe Ratio (2.71 vs 1.23), 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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