EQX vs. NGD
Compare and contrast key facts about Equinox Gold Corp. (EQX) and New Gold Inc. (NGD).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EQX or NGD.
Key characteristics
| EQX | NGD | |
|---|---|---|
| YTD Return | 11.45% | 24.66% |
| 1Y Return | -1.45% | 28.17% |
| 3Y Return (Ann) | -12.82% | 1.71% |
| 5Y Return (Ann) | 6.93% | 17.32% |
| 10Y Return (Ann) | -11.51% | -9.75% |
| Sharpe Ratio | 0.15 | 0.55 |
| Daily Std Dev | 51.72% | 55.94% |
| Max Drawdown | -91.06% | -96.73% |
| Current Drawdown | -80.75% | -87.05% |
Fundamentals
| EQX | NGD | |
|---|---|---|
| Market Cap | $1.82B | $1.25B |
| EPS | $0.09 | -$0.09 |
| PE Ratio | 61.44 | 10.70 |
| Revenue (TTM) | $1.09B | $786.50M |
| Gross Profit (TTM) | $262.67M | $221.70M |
| EBITDA (TTM) | $240.65M | $289.60M |
Correlation
The correlation between EQX and NGD is 0.38, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
EQX vs. NGD - Performance Comparison
In the year-to-date period, EQX achieves a 11.45% return, which is significantly lower than NGD's 24.66% return. Over the past 10 years, EQX has underperformed NGD with an annualized return of -11.51%, while NGD has yielded a comparatively higher -9.75% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
EQX vs. NGD - Risk-Adjusted Performance 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.
Dividends
EQX vs. NGD - Dividend Comparison
Neither EQX nor NGD has paid dividends to shareholders.
Drawdowns
EQX vs. NGD - Drawdown Comparison
The maximum EQX drawdown since its inception was -91.06%, smaller than the maximum NGD drawdown of -96.73%. Use the drawdown chart below to compare losses from any high point for EQX and NGD. For additional features, visit the drawdowns tool.
Volatility
EQX vs. NGD - Volatility Comparison
The current volatility for Equinox Gold Corp. (EQX) is 15.44%, while New Gold Inc. (NGD) has a volatility of 16.34%. This indicates that EQX experiences smaller price fluctuations and is considered to be less risky than NGD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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