EQX vs. NGD
EQX (Equinox Gold Corp.) and NGD (New Gold Inc.) are both stocks. Both operate in the Gold industry within the Basic Materials sector. Their 0.56 correlation means they have sometimes moved together and sometimes differently.
Performance
EQX vs. NGD - Performance Comparison
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Returns By Period
EQX
- 1D
- -4.89%
- 1M
- -11.74%
- 6M
- -37.28%
- YTD
- -36.12%
- 1Y
- 47.76%
- 3Y*
- 21.83%
- 5Y*
- 5.20%
- 10Y*
- —
- ALL TIME*
- 10.89%
NGD
- 1D
- —
- 1M
- —
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $130.20M | $117.13M | $137.61M |
EQX vs. NGD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
EQX Equinox Gold Corp. | -36.12% | 179.68% | 2.66% | 49.09% | -51.48% | -34.62% | 34.29% | 106.43% | -4.97% |
NGD New Gold Inc. | 4.25% | 251.21% | 69.86% | 48.98% | -34.67% | -31.51% | 148.86% | 16.28% | -40.41% |
Correlation
The correlation between EQX and NGD is 0.52, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.52 |
Correlation (3Y) Balances recent behavior with more history. | 0.62 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.63 |
Correlation (All Time) Calculated using the full available price history since Aug 3, 2018 | 0.56 |
The correlation between EQX and NGD shifts across timeframes, from 0.52 (1 year) to 0.63 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
EQX:
$0.82
NGD:
$1.61
EQX:
10.93
NGD:
5.64
EQX:
0.02
NGD:
0.01
EQX:
2.92
NGD:
3.30
EQX:
$2.29B
NGD:
$1.46B
EQX:
$866.94M
NGD:
$758.26M
EQX:
$1.22B
NGD:
$1.19B
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Return for Risk
EQX vs. NGD — Risk / Return Rank
EQX
NGD
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
EQX vs. NGD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Equinox Gold Corp. (EQX) 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.
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.
| EQX | NGD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.17 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 0.88 | — | — |
| Martin ratioReturn relative to average drawdown | 2.00 | — | — |
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Drawdowns
EQX vs. NGD - Drawdown Comparison
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Drawdown Indicators
| EQX | NGD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.06% | — | — |
Max Drawdown (1Y)Largest decline over 1 year | -53.95% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -53.95% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -71.57% | — | — |
Current DrawdownCurrent decline from peak | -52.19% | — | — |
Average DrawdownAverage peak-to-trough decline | -38.29% | — | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.58% | — | — |
Volatility
EQX vs. NGD - Volatility Comparison
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Volatility by Period
| EQX | NGD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.49% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 48.05% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 62.55% | — | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 57.80% | — | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 55.52% | — | — |
Dividends
EQX vs. NGD - Dividend Comparison
EQX's dividend yield for the trailing twelve months is around 0.34%, while NGD has not paid dividends to shareholders.
| Position | TTM |
|---|---|
EQX Equinox Gold Corp. | 0.34% |
NGD New Gold Inc. | 0.00% |
Financials
EQX vs. NGD - Financials Comparison
This section allows you to compare key financial metrics between Equinox Gold Corp. and New 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
Frequently Asked Questions
EQX and NGD have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for EQX and NGD
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