ELD.TO vs. CG.TO
ELD.TO (Eldorado Gold Corporation) and CG.TO (Centerra Gold Inc.) are both stocks. Both operate in the Gold industry within the Basic Materials sector. Over the past 10 years, ELD.TO returned 3.85%/yr vs 21.14%/yr for CG.TO. A 0.50 correlation means they provide meaningful diversification when combined.
Performance
ELD.TO vs. CG.TO - Performance Comparison
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Returns By Period
In the year-to-date period, ELD.TO achieves a -10.72% return, which is significantly lower than CG.TO's 18.45% return. Over the past 10 years, ELD.TO has underperformed CG.TO with an annualized return of 3.85%, while CG.TO has yielded a comparatively higher 21.14% annualized return.
ELD.TO
- 1D
- -4.69%
- 1M
- 12.31%
- YTD
- -10.72%
- 6M
- 2.64%
- 1Y
- 53.30%
- 3Y*
- 50.31%
- 5Y*
- 25.74%
- 10Y*
- 3.85%
CG.TO
- 1D
- -3.36%
- 1M
- 2.69%
- YTD
- 18.45%
- 6M
- 27.69%
- 1Y
- 127.98%
- 3Y*
- 56.65%
- 5Y*
- 34.38%
- 10Y*
- 21.14%
ELD.TO vs. CG.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ELD.TO Eldorado Gold Corporation | -10.72% | 130.73% | 24.30% | 52.35% | -4.81% | -29.70% | 61.74% | 160.75% | -56.04% | -57.65% |
CG.TO Centerra Gold Inc. | 18.45% | 148.18% | 26.83% | 33.01% | -18.21% | -25.14% | 56.55% | 76.28% | -9.01% | 2.38% |
Correlation
The correlation between ELD.TO and CG.TO is 0.78, 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 | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 2004 | 0.50 |
Over the past year, ELD.TO and CG.TO have become more correlated (0.78) than their long-term average of 0.50, meaning their price movements have been converging.
Fundamentals
ELD.TO:
CA$8.81B
CG.TO:
CA$4.69B
ELD.TO:
CA$2.83
CG.TO:
CA$3.07
ELD.TO:
15.52
CG.TO:
7.58
ELD.TO:
0.06
CG.TO:
0.03
ELD.TO:
4.46
CG.TO:
3.13
ELD.TO:
2.04
CG.TO:
2.23
ELD.TO:
CA$2.00B
CG.TO:
CA$1.54B
ELD.TO:
CA$988.83M
CG.TO:
CA$524.23M
ELD.TO:
CA$1.08B
CG.TO:
CA$781.46M
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Return for Risk
ELD.TO vs. CG.TO — Risk / Return Rank
ELD.TO
CG.TO
ELD.TO vs. CG.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eldorado Gold Corporation (ELD.TO) and Centerra Gold Inc. (CG.TO). 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.
| ELD.TO | CG.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.60 | ||
| Sortino ratioReturn per unit of downside risk | -1.23 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.39 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.28 | 5.34 | -4.06 |
| Martin ratioReturn relative to average drawdown | 3.17 | 14.70 | -11.53 |
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
| ELD.TO | CG.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.07 | 2.67 | -1.60 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | 0.79 | -0.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.07 | 0.46 | -0.38 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.05 | 0.19 | -0.14 |
Drawdowns
ELD.TO vs. CG.TO - Drawdown Comparison
The maximum ELD.TO drawdown since its inception was -97.76%, roughly equal to the maximum CG.TO drawdown of -93.96%. Use the drawdown chart below to compare losses from any high point for ELD.TO and CG.TO.
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Drawdown Indicators
| ELD.TO | CG.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.76% | -93.96% | -3.80% |
Max Drawdown (1Y)Largest decline over 1 year | -41.88% | -24.10% | -17.78% |
Max Drawdown (3Y)Largest decline over 3 years | -41.88% | -27.57% | -14.31% |
Max Drawdown (5Y)Largest decline over 5 years | -55.01% | -57.12% | +2.11% |
Max Drawdown (10Y)Largest decline over 10 years | -89.46% | -63.87% | -25.59% |
Current DrawdownCurrent decline from peak | -57.60% | -18.36% | -39.24% |
Average DrawdownAverage peak-to-trough decline | -61.77% | -42.10% | -19.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.87% | 8.75% | +8.12% |
Volatility
ELD.TO vs. CG.TO - Volatility Comparison
Eldorado Gold Corporation (ELD.TO) has a higher volatility of 17.75% compared to Centerra Gold Inc. (CG.TO) at 15.28%. This indicates that ELD.TO's price experiences larger fluctuations and is considered to be riskier than CG.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ELD.TO | CG.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.75% | 15.28% | +2.47% |
Volatility (6M)Calculated over the trailing 6-month period | 41.12% | 38.15% | +2.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 50.00% | 48.22% | +1.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.73% | 44.08% | -0.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 53.07% | 46.64% | +6.43% |
Dividends
ELD.TO vs. CG.TO - Dividend Comparison
ELD.TO's dividend yield for the trailing twelve months is around 0.47%, less than CG.TO's 1.20% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CG.TO Centerra Gold Inc. | 1.20% | 1.42% | 20.54% | 16.50% | 16.83% | 12.72% | 8.01% | 0.00% | 0.00% | 0.00% | 1.91% | 2.43% |
ELD.TO Eldorado Gold Corporation | 0.47% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.10% | 0.00% | 0.49% |
Financials
ELD.TO vs. CG.TO - Financials Comparison
This section allows you to compare key financial metrics between Eldorado Gold Corporation and Centerra Gold Inc.. 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
ELD.TO vs. CG.TO - Profitability Comparison
ELD.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Eldorado Gold Corporation reported a gross profit of 290.22M and revenue of 532.43M. Therefore, the gross margin over that period was 54.5%.
CG.TO - 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 182.36M and revenue of 477.36M. Therefore, the gross margin over that period was 38.2%.
ELD.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Eldorado Gold Corporation reported an operating income of 261.43M and revenue of 532.43M, resulting in an operating margin of 49.1%.
CG.TO - 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 152.15M and revenue of 477.36M, resulting in an operating margin of 31.9%.
ELD.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Eldorado Gold Corporation reported a net income of 136.38M and revenue of 532.43M, resulting in a net margin of 25.6%.
CG.TO - 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 78.13M and revenue of 477.36M, resulting in a net margin of 16.4%.
Frequently Asked Questions
ELD.TO and CG.TO have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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