CMCL vs. GOLD
CMCL (Caledonia Mining Corporation Plc) and GOLD (Barrick Mining Corporation) are both stocks. Both operate in the Gold industry within the Basic Materials sector. A 0.51 correlation means they provide meaningful diversification when combined.
Performance
CMCL vs. GOLD - Performance Comparison
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Returns By Period
In the year-to-date period, CMCL achieves a -21.88% return, which is significantly lower than GOLD's 25.52% return.
CMCL
- 1D
- -1.99%
- 1M
- -11.40%
- YTD
- -21.88%
- 6M
- -24.75%
- 1Y
- 4.85%
- 3Y*
- 21.54%
- 5Y*
- 14.83%
- 10Y*
- —
GOLD
- 1D
- 1.36%
- 1M
- -2.35%
- YTD
- 25.52%
- 6M
- 26.68%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CMCL vs. GOLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CMCL Caledonia Mining Corporation Plc | -21.88% | -0.76% |
GOLD Barrick Mining Corporation | 25.52% | 13.01% |
Correlation
The correlation between CMCL and GOLD is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 2, 2025 | 0.51 |
Fundamentals
CMCL:
$400.28M
GOLD:
$1.12B
CMCL:
$3.15
GOLD:
$3.06
CMCL:
6.41
GOLD:
13.84
CMCL:
1.45
GOLD:
0.05
CMCL:
1.47
GOLD:
1.32
CMCL:
$274.16M
GOLD:
$23.02B
CMCL:
$142.30M
GOLD:
$169.58M
CMCL:
$137.13M
GOLD:
-$162.41M
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Return for Risk
CMCL vs. GOLD — Risk / Return Rank
CMCL
GOLD
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
CMCL vs. GOLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Caledonia Mining Corporation Plc (CMCL) and Barrick Mining Corporation (GOLD). 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.
| CMCL | GOLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.07 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 0.10 | — | — |
| Martin ratioReturn relative to average drawdown | 0.19 | — | — |
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Drawdowns
CMCL vs. GOLD - Drawdown Comparison
The maximum CMCL drawdown since its inception was -65.77%, which is greater than GOLD's maximum drawdown of -40.58%. Use the drawdown chart below to compare losses from any high point for CMCL and GOLD.
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Drawdown Indicators
| CMCL | GOLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.77% | -40.58% | -25.19% |
Max Drawdown (1Y)Largest decline over 1 year | -49.43% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -49.43% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -50.00% | — | — |
Current DrawdownCurrent decline from peak | -45.52% | -33.36% | -12.16% |
Average DrawdownAverage peak-to-trough decline | -35.81% | -18.68% | -17.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 26.02% | — | — |
Volatility
CMCL vs. GOLD - Volatility Comparison
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Volatility by Period
| CMCL | GOLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.10% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 47.03% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 65.02% | 57.50% | +7.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.65% | 57.50% | -4.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 54.54% | 57.50% | -2.96% |
Dividends
CMCL vs. GOLD - Dividend Comparison
CMCL's dividend yield for the trailing twelve months is around 2.77%, more than GOLD's 0.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
CMCL Caledonia Mining Corporation Plc | 2.77% | 2.14% | 5.95% | 4.59% | 4.52% | 4.29% | 2.11% | 3.27% | 5.23% | 1.86% |
GOLD Barrick Mining Corporation | 0.94% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
CMCL vs. GOLD - Financials Comparison
This section allows you to compare key financial metrics between Caledonia Mining Corporation Plc and Barrick Mining Corporation. 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
CMCL vs. GOLD - Profitability Comparison
CMCL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Caledonia Mining Corporation Plc reported a gross profit of 32.10M and revenue of 66.43M. Therefore, the gross margin over that period was 48.3%.
GOLD - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Barrick Mining Corporation reported a gross profit of 176.58M and revenue of 10.35B. Therefore, the gross margin over that period was 1.7%.
CMCL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Caledonia Mining Corporation Plc reported an operating income of 26.87M and revenue of 66.43M, resulting in an operating margin of 40.4%.
GOLD - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Barrick Mining Corporation reported an operating income of 106.13M and revenue of 10.35B, resulting in an operating margin of 1.0%.
CMCL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Caledonia Mining Corporation Plc reported a net income of 15.85M and revenue of 66.43M, resulting in a net margin of 23.9%.
GOLD - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Barrick Mining Corporation reported a net income of 59.49M and revenue of 10.35B, resulting in a net margin of 0.6%.
Frequently Asked Questions
CMCL and GOLD have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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