ETON vs. NGD

Last updated Jun 13, 2026

ETON (Eton Pharmaceuticals Inc) and NGD (New Gold Inc.) are both stocks. ETON operates in Drug Manufacturers - Specialty & Generic (Healthcare), while NGD operates in Gold (Basic Materials). At a 0.08 correlation, their price movements are largely independent.

Performance

ETON vs. NGD - Performance Comparison

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

Returns By Period

ETON

• 1D: -1.62%
• 1M: 2.50%
• YTD: 86.81%
• 6M: 89.16%
• 1Y: 117.71%
• 3Y*: 102.22%
• 5Y*: 36.00%
• 10Y*: —

NGD

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

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

ETON vs. NGD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
ETON Eton Pharmaceuticals Inc	86.81%	26.95%	204.11%	55.32%	-34.27%	-47.23%	12.92%	17.65%	-4.23%
NGD New Gold Inc.	4.25%	251.21%	69.86%	48.98%	-34.67%	-31.51%	148.86%	16.28%	-9.89%

Correlation

The correlation between ETON and NGD is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.01
Correlation (3Y) Calculated over the trailing 3-year period	0.05
Correlation (5Y) Calculated over the trailing 5-year period	0.10
Correlation (All Time) Calculated using the full available price history since Nov 13, 2018	0.08

The correlation between ETON and NGD shifts across timeframes, from -0.01 (1 year) to 0.10 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

EPS ETON : -$0.05 NGD : $1.61
PS Ratio ETON : 10.20 NGD : 3.30
Total Revenue (TTM) ETON : $86.93M NGD : $1.46B
Gross Profit (TTM) ETON : $47.61M NGD : $758.26M
EBITDA (TTM) ETON : $5.70M NGD : $1.19B

Return for Risk

ETON vs. NGD — Risk / Return Rank

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

ETON

ETON Risk / Return Rank: 87
ETON Sharpe Ratio Rank: 91
ETON Sortino Ratio Rank: 88
ETON Omega Ratio Rank: 87
ETON Calmar Ratio Rank: 85
ETON Martin Ratio Rank: 82

NGD

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

ETON vs. NGD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eton Pharmaceuticals Inc (ETON) 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.

	ETON	NGD	Difference
Sharpe ratio: Return per unit of total volatility	2.16	—	—
Sortino ratio: Return per unit of downside risk	2.84	—	—
Omega ratio: Gain probability vs. loss probability	1.36	—	—
Calmar ratio: Return relative to maximum drawdown	3.27	—	—
Martin ratio: Return relative to average drawdown	6.73	—	—

Drawdowns

Drawdown Indicators

	ETON	NGD	Difference
Max Drawdown Largest peak-to-trough decline	-79.94%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-36.17%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-45.65%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-70.42%	—	—
Current Drawdown Current decline from peak	-9.74%	—	—
Average Drawdown Average peak-to-trough decline	-37.58%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	17.56%	—	—

Volatility

Volatility by Period

	ETON	NGD	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.63%	—	—
Volatility (6M) Calculated over the trailing 6-month period	40.49%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	54.85%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	63.41%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	63.87%	—	—

Dividends

ETON vs. NGD - Dividend Comparison

Neither ETON nor NGD has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both ETON and NGD in my portfolio?

ETON and NGD have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.