EQX vs. CGAU

Last updated Apr 1, 2026

Compare and contrast key facts about Equinox Gold Corp. (EQX) and Centerra Gold Inc (CGAU).

Performance

EQX vs. CGAU - Performance Comparison

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

EQX vs. CGAU - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
EQX Equinox Gold Corp.	3.09%	179.68%	2.66%	49.09%	-51.48%	-24.22%
CGAU Centerra Gold Inc	24.14%	159.49%	-1.45%	19.37%	-32.55%	-18.30%

Fundamentals

Market Cap EQX : $9.11B CGAU : $3.63B
EPS EQX : $0.35 CGAU : $2.82
PE Ratio EQX : 41.03 CGAU : 6.31
PEG Ratio EQX : 0.07 CGAU : 0.03
PS Ratio EQX : 5.00 CGAU : 2.73
PB Ratio EQX : 1.58 CGAU : 1.77
Total Revenue (TTM) EQX : $1.85B CGAU : $1.36B
Gross Profit (TTM) EQX : $462.16M CGAU : $418.41M
EBITDA (TTM) EQX : $966.48M CGAU : $680.83M

Returns By Period

In the year-to-date period, EQX achieves a 3.09% return, which is significantly lower than CGAU's 24.14% return.

EQX

• 1D: 11.75%
• 1M: -22.85%
• YTD: 3.09%
• 6M: 29.00%
• 1Y: 110.37%
• 3Y*: 41.12%
• 5Y*: 11.58%
• 10Y*: —

CGAU

• 1D: 6.59%
• 1M: -15.17%
• YTD: 24.14%
• 6M: 66.93%
• 1Y: 186.16%
• 3Y*: 44.35%
• 5Y*: —
• 10Y*: —

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

Return for Risk

EQX vs. CGAU — Risk / Return Rank

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

EQX

EQX Risk / Return Rank: 86
EQX Sharpe Ratio Rank: 90
EQX Sortino Ratio Rank: 85
EQX Omega Ratio Rank: 82
EQX Calmar Ratio Rank: 87
EQX Martin Ratio Rank: 89

CGAU

CGAU Risk / Return Rank: 96
CGAU Sharpe Ratio Rank: 98
CGAU Sortino Ratio Rank: 94
CGAU Omega Ratio Rank: 94
CGAU Calmar Ratio Rank: 97
CGAU Martin Ratio Rank: 98

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.

EQX vs. CGAU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Equinox Gold Corp. (EQX) and Centerra Gold Inc (CGAU). 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.

	EQX	CGAU	Difference
Sharpe ratio Return per unit of total volatility	1.86	3.54	-1.68
Sortino ratio Return per unit of downside risk	2.35	3.39	-1.04
Omega ratio Gain probability vs. loss probability	1.30	1.48	-0.18
Calmar ratio Return relative to maximum drawdown	3.07	7.58	-4.51
Martin ratio Return relative to average drawdown	9.57	25.13	-15.56
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EQX vs. CGAU - Sharpe Ratio Comparison

The current EQX Sharpe Ratio is 1.86, which is lower than the CGAU Sharpe Ratio of 3.54. The chart below compares the historical Sharpe Ratios of EQX and CGAU, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	EQX	CGAU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.86	3.54	-1.68
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.20	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.31	0.33	-0.02

Correlation

The correlation between EQX and CGAU is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

EQX vs. CGAU - Dividend Comparison

EQX's dividend yield for the trailing twelve months is around 0.10%, less than CGAU's 1.14% yield.

	TTM	2025	2024	2023
EQX Equinox Gold Corp.	0.10%	0.00%	0.00%	0.00%
CGAU Centerra Gold Inc	1.14%	1.39%	3.59%	3.45%

Drawdowns

EQX vs. CGAU - Drawdown Comparison

The maximum EQX drawdown since its inception was -81.06%, which is greater than CGAU's maximum drawdown of -63.47%. Use the drawdown chart below to compare losses from any high point for EQX and CGAU.

Drawdown Indicators

	EQX	CGAU	Difference
Max Drawdown Largest peak-to-trough decline	-81.06%	-63.47%	-17.59%
Max Drawdown (1Y) Largest decline over 1 year	-36.03%	-24.61%	-11.42%
Max Drawdown (5Y) Largest decline over 5 years	-73.20%	—	—
Current Drawdown Current decline from peak	-22.85%	-15.17%	-7.68%
Average Drawdown Average peak-to-trough decline	-38.41%	-30.21%	-8.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.56%	7.43%	+4.13%

Volatility

EQX vs. CGAU - Volatility Comparison

Equinox Gold Corp. (EQX) has a higher volatility of 23.80% compared to Centerra Gold Inc (CGAU) at 16.92%. This indicates that EQX's price experiences larger fluctuations and is considered to be riskier than CGAU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EQX	CGAU	Difference
Volatility (1M) Calculated over the trailing 1-month period	23.80%	16.92%	+6.88%
Volatility (6M) Calculated over the trailing 6-month period	47.18%	41.39%	+5.79%
Volatility (1Y) Calculated over the trailing 1-year period	59.60%	52.95%	+6.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	57.03%	48.59%	+8.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	55.34%	48.59%	+6.75%

Financials