EGO vs. NEM

Last updated Jun 3, 2026

EGO (Eldorado Gold Corporation) and NEM (Newmont Goldcorp Corporation) are both stocks. Both operate in the Gold industry within the Basic Materials sector. Over the past 10 years, EGO returned 3.73%/yr vs 14.74%/yr for NEM. A 0.65 correlation means they provide meaningful diversification when combined.

Performance

EGO vs. NEM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Eldorado Gold Corporation (EGO) and Newmont Goldcorp Corporation (NEM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EGO achieves a -6.93% return, which is significantly lower than NEM's 10.14% return. Over the past 10 years, EGO has underperformed NEM with an annualized return of 3.73%, while NEM has yielded a comparatively higher 14.74% annualized return.

EGO

• 1D: -0.08%
• 1M: 11.77%
• YTD: -6.93%
• 6M: 8.72%
• 1Y: 59.19%
• 3Y*: 51.21%
• 5Y*: 23.81%
• 10Y*: 3.73%

NEM

• 1D: 1.21%
• 1M: 1.05%
• YTD: 10.14%
• 6M: 21.55%
• 1Y: 99.11%
• 3Y*: 40.60%
• 5Y*: 12.24%
• 10Y*: 14.74%

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

EGO vs. NEM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EGO Eldorado Gold Corporation	-6.93%	141.56%	14.65%	55.14%	-10.59%	-29.54%	65.26%	178.82%	-59.72%	-55.28%
NEM Newmont Goldcorp Corporation	10.14%	172.82%	-7.83%	-8.76%	-20.77%	7.40%	40.28%	30.52%	-6.15%	10.91%

Correlation

The correlation between EGO and NEM 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	0.70
Correlation (5Y) Calculated over the trailing 5-year period	0.70
Correlation (10Y) Calculated over the trailing 10-year period	0.62
Correlation (All Time) Calculated using the full available price history since Jan 24, 2003	0.65

The correlation between EGO and NEM shifts across timeframes, from 0.62 (10 years) to 0.77 (1 year), reflecting how their relationship changes across market environments.

Fundamentals

EPS EGO : $2.83 NEM : $6.34
PE Ratio EGO : 11.78 NEM : 17.28
PEG Ratio EGO : 0.18 NEM : 0.45
PS Ratio EGO : 3.38 NEM : 5.28
Total Revenue (TTM) EGO : $2.00B NEM : $17.23B
Gross Profit (TTM) EGO : $988.83M NEM : $8.97B
EBITDA (TTM) EGO : $1.04B NEM : $13.78B

Return for Risk

EGO vs. NEM — Risk / Return Rank

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

EGO

EGO Risk / Return Rank: 70
EGO Sharpe Ratio Rank: 75
EGO Sortino Ratio Rank: 67
EGO Omega Ratio Rank: 69
EGO Calmar Ratio Rank: 69
EGO Martin Ratio Rank: 70

NEM

NEM Risk / Return Rank: 86
NEM Sharpe Ratio Rank: 89
NEM Sortino Ratio Rank: 81
NEM Omega Ratio Rank: 83
NEM Calmar Ratio Rank: 87
NEM Martin Ratio Rank: 88

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.

EGO vs. NEM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eldorado Gold Corporation (EGO) and Newmont Goldcorp Corporation (NEM). 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.

	EGO	NEM	Difference
Sharpe ratio Return per unit of total volatility	1.17	2.16	-0.98
Sortino ratio Return per unit of downside risk	1.63	2.43	-0.80
Omega ratio Gain probability vs. loss probability	1.22	1.34	-0.12
Calmar ratio Return relative to maximum drawdown	1.59	4.03	-2.45
Martin ratio Return relative to average drawdown	3.88	11.12	-7.25
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EGO vs. NEM - Sharpe Ratio Comparison

The current EGO Sharpe Ratio is 1.17, which is lower than the NEM Sharpe Ratio of 2.16. The chart below compares the historical Sharpe Ratios of EGO and NEM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	EGO	NEM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.17	2.16	-0.98
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.52	0.33	+0.20
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.07	0.42	-0.35
Sharpe Ratio (All Time) Calculated using the full available price history	0.12	0.13	-0.01

Drawdowns

EGO vs. NEM - Drawdown Comparison

The maximum EGO drawdown since its inception was -97.49%, which is greater than NEM's maximum drawdown of -81.30%. Use the drawdown chart below to compare losses from any high point for EGO and NEM.

Drawdown Indicators

	EGO	NEM	Difference
Max Drawdown Largest peak-to-trough decline	-97.49%	-81.30%	-16.19%
Max Drawdown (1Y) Largest decline over 1 year	-41.89%	-27.25%	-14.64%
Max Drawdown (3Y) Largest decline over 3 years	-41.89%	-36.57%	-5.32%
Max Drawdown (5Y) Largest decline over 5 years	-57.70%	-62.40%	+4.70%
Max Drawdown (10Y) Largest decline over 10 years	-89.45%	-62.40%	-27.05%
Current Drawdown Current decline from peak	-68.16%	-16.65%	-51.51%
Average Drawdown Average peak-to-trough decline	-55.67%	-41.39%	-14.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.13%	9.88%	+7.25%

Volatility

EGO vs. NEM - Volatility Comparison

Eldorado Gold Corporation (EGO) has a higher volatility of 17.33% compared to Newmont Goldcorp Corporation (NEM) at 12.91%. This indicates that EGO's price experiences larger fluctuations and is considered to be riskier than NEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EGO	NEM	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.33%	12.91%	+4.42%
Volatility (6M) Calculated over the trailing 6-month period	41.99%	35.97%	+6.02%
Volatility (1Y) Calculated over the trailing 1-year period	50.94%	46.49%	+4.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	45.66%	37.67%	+7.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	55.26%	35.50%	+19.76%

Dividends

EGO vs. NEM - Dividend Comparison

EGO's dividend yield for the trailing twelve months is around 0.45%, less than NEM's 0.93% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EGO Eldorado Gold Corporation	0.45%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.40%	0.00%	0.67%
NEM Newmont Goldcorp Corporation	0.93%	1.00%	2.69%	3.87%	4.66%	3.55%	1.74%	3.31%	1.62%	0.67%	0.37%	0.56%

Financials

Frequently Asked Questions

Can I hold both EGO and NEM in my portfolio?

EGO and NEM 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.

Which is riskier, EGO or NEM?

EGO has higher volatility (17.33%) compared to NEM (12.91%). In terms of maximum drawdown, EGO dropped -97.49% vs NEM's -81.30%.

Which has better risk-adjusted returns?

NEM currently has the higher Sharpe Ratio (2.16 vs 1.17), 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.