CGAU vs. NGD

Last updated Jun 4, 2026

CGAU (Centerra Gold Inc) and NGD (New Gold Inc.) are both stocks. Both operate in the Gold industry within the Basic Materials sector. A 0.61 correlation means they provide meaningful diversification when combined.

Performance

CGAU vs. NGD - Performance Comparison

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

Returns By Period

CGAU

• 1D: -3.90%
• 1M: 0.67%
• YTD: 17.24%
• 6M: 28.41%
• 1Y: 125.32%
• 3Y*: 43.72%
• 5Y*: 18.36%
• 10Y*: —

NGD

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CGAU vs. NGD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
CGAU Centerra Gold Inc	17.24%	159.49%	-1.45%	19.37%	-32.55%	-18.30%
NGD New Gold Inc.	4.25%	251.21%	69.86%	48.98%	-34.67%	-18.03%

Correlation

The correlation between CGAU and NGD is 0.66, 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	0.66
Correlation (3Y) Calculated over the trailing 3-year period	0.65
Correlation (5Y) Calculated over the trailing 5-year period	0.61
Correlation (All Time) Calculated using the full available price history since Apr 16, 2021	0.61

The correlation between CGAU and NGD has been stable across timeframes, ranging from 0.61 to 0.66 - a consistent structural relationship.

Fundamentals

EPS CGAU : $3.07 NGD : $1.61
PE Ratio CGAU : 5.45 NGD : 5.64
PEG Ratio CGAU : 0.02 NGD : 0.01
PS Ratio CGAU : 2.25 NGD : 3.30
Total Revenue (TTM) CGAU : $1.54B NGD : $1.46B
Gross Profit (TTM) CGAU : $524.70M NGD : $758.26M
EBITDA (TTM) CGAU : $962.67M NGD : $1.19B

Return for Risk

CGAU vs. NGD — 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: 91
CGAU Martin Ratio Rank: 91

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. NGD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Centerra Gold Inc (CGAU) and New Gold Inc. (NGD). 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	NGD	Difference
Sharpe ratio: Return per unit of total volatility	2.50	—	—
Sortino ratio: Return per unit of downside risk	2.68	—	—
Omega ratio: Gain probability vs. loss probability	1.37	—	—
Calmar ratio: Return relative to maximum drawdown	5.12	—	—
Martin ratio: Return relative to average drawdown	13.80	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	CGAU	NGD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.50	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.40	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.29	—	—

Drawdowns

Drawdown Indicators

	CGAU	NGD	Difference
Max Drawdown Largest peak-to-trough decline	-63.47%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-24.61%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-30.24%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-63.47%	—	—
Current Drawdown Current decline from peak	-19.89%	—	—
Average Drawdown Average peak-to-trough decline	-29.64%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	9.12%	—	—

Volatility

Volatility by Period

	CGAU	NGD	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.76%	—	—
Volatility (6M) Calculated over the trailing 6-month period	40.44%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	50.38%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	46.64%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	48.59%	—	—

Dividends

CGAU vs. NGD - Dividend Comparison

CGAU's dividend yield for the trailing twelve months is around 1.21%, while NGD has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
CGAU Centerra Gold Inc	1.21%	1.39%	3.59%	3.45%
NGD New Gold Inc.	0.00%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both CGAU and NGD in my portfolio?

CGAU and NGD have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.