EGO vs. NGD

Last updated Jun 9, 2026

EGO (Eldorado Gold Corporation) and NGD (New Gold Inc.) are both stocks. Both operate in the Gold industry within the Basic Materials sector. A 0.59 correlation means they provide meaningful diversification when combined.

Performance

EGO vs. NGD - Performance Comparison

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

Returns By Period

EGO

• 1D: 0.95%
• 1M: -12.34%
• YTD: -16.52%
• 6M: -2.86%
• 1Y: 41.91%
• 3Y*: 45.33%
• 5Y*: 21.45%
• 10Y*: 3.08%

NGD

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

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

EGO vs. NGD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EGO Eldorado Gold Corporation	-16.52%	141.56%	14.65%	55.14%	-10.59%	-29.54%	65.26%	178.82%	-59.72%	-55.28%
NGD New Gold Inc.	4.25%	251.21%	69.86%	48.98%	-34.67%	-31.51%	148.86%	16.28%	-77.00%	-6.00%

Correlation

The correlation between EGO and NGD is 0.59, 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	0.59
Correlation (3Y) Calculated over the trailing 3-year period	0.66
Correlation (5Y) Calculated over the trailing 5-year period	0.66
Correlation (10Y) Calculated over the trailing 10-year period	0.59
Correlation (All Time) Calculated using the full available price history since Nov 19, 2004	0.59

The correlation between EGO and NGD has been stable across timeframes, ranging from 0.59 to 0.66 - a consistent structural relationship.

Fundamentals

EPS EGO : $2.83 NGD : $1.61
PE Ratio EGO : 10.57 NGD : 5.64
PEG Ratio EGO : 0.16 NGD : 0.01
PS Ratio EGO : 3.03 NGD : 3.30
Total Revenue (TTM) EGO : $2.00B NGD : $1.46B
Gross Profit (TTM) EGO : $988.83M NGD : $758.26M
EBITDA (TTM) EGO : $1.04B NGD : $1.19B

Return for Risk

EGO vs. NGD — Risk / Return Rank

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

EGO

EGO Risk / Return Rank: 64
EGO Sharpe Ratio Rank: 68
EGO Sortino Ratio Rank: 62
EGO Omega Ratio Rank: 62
EGO Calmar Ratio Rank: 63
EGO Martin Ratio Rank: 64

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. NGD - Risk-Adjusted Trends Comparison

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

	EGO	NGD	Difference
Sharpe ratio: Return per unit of total volatility	0.82	—	—
Sortino ratio: Return per unit of downside risk	1.29	—	—
Omega ratio: Gain probability vs. loss probability	1.17	—	—
Calmar ratio: Return relative to maximum drawdown	1.01	—	—
Martin ratio: Return relative to average drawdown	2.36	—	—
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

	EGO	NGD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.82	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.47	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.06	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.11	—	—

Drawdowns

Drawdown Indicators

	EGO	NGD	Difference
Max Drawdown Largest peak-to-trough decline	-97.49%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-41.89%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-41.89%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-57.70%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-89.45%	—	—
Current Drawdown Current decline from peak	-71.44%	—	—
Average Drawdown Average peak-to-trough decline	-55.68%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	17.77%	—	—

Volatility

Volatility by Period

	EGO	NGD	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.23%	—	—
Volatility (6M) Calculated over the trailing 6-month period	43.00%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	51.63%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	45.81%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	55.33%	—	—

Dividends

EGO vs. NGD - Dividend Comparison

EGO's dividend yield for the trailing twelve months is around 0.50%, while NGD has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EGO Eldorado Gold Corporation	0.50%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.40%	0.00%	0.67%
NGD New Gold Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both EGO and NGD in my portfolio?

EGO and NGD have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.