GFI vs. ERO

Last updated Jun 9, 2026

GFI (Gold Fields Limited) and ERO (Ero Copper Corp) are both stocks. Both are in the Basic Materials sector — GFI in Gold, ERO in Copper. Over the past 5 years, GFI returned 31.29%/yr vs 3.08%/yr for ERO. At a 0.27 correlation, their price movements are largely independent.

Performance

GFI vs. ERO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Gold Fields Limited (GFI) and Ero Copper Corp (ERO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GFI achieves a -15.43% return, which is significantly lower than ERO's -4.91% return.

GFI

• 1D: -2.02%
• 1M: -20.02%
• YTD: -15.43%
• 6M: -10.31%
• 1Y: 51.45%
• 3Y*: 36.70%
• 5Y*: 31.29%
• 10Y*: 26.67%

ERO

• 1D: 4.34%
• 1M: -5.55%
• YTD: -4.91%
• 6M: 10.52%
• 1Y: 70.36%
• 3Y*: 13.95%
• 5Y*: 3.08%
• 10Y*: —

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

GFI vs. ERO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GFI Gold Fields Limited	-15.43%	240.42%	-6.27%	44.90%	-2.61%	23.33%	43.02%	89.47%	-16.75%	8.86%
ERO Ero Copper Corp	-4.91%	109.87%	-14.63%	14.84%	-10.07%	-5.73%	-10.97%	151.68%	21.41%	52.24%

Correlation

The correlation between GFI and ERO is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.46
Correlation (3Y) Calculated over the trailing 3-year period	0.41
Correlation (5Y) Calculated over the trailing 5-year period	0.40
Correlation (All Time) Calculated using the full available price history since Oct 24, 2017	0.27

The correlation between GFI and ERO shifts across timeframes, from 0.27 (all time) to 0.46 (1 year), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap GFI : $32.09B ERO : $2.83B
EPS GFI : $5.39 ERO : $2.80
PE Ratio GFI : 6.66 ERO : 9.62
PEG Ratio GFI : 0.11 ERO : 0.10
PS Ratio GFI : 2.30 ERO : 3.04
PB Ratio GFI : 3.81 ERO : 2.56
Total Revenue (TTM) GFI : $13.98B ERO : $925.20M
Gross Profit (TTM) GFI : $7.34B ERO : $394.67M
EBITDA (TTM) GFI : $8.04B ERO : $528.87M

Return for Risk

GFI vs. ERO — Risk / Return Rank

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

GFI

GFI Risk / Return Rank: 67
GFI Sharpe Ratio Rank: 69
GFI Sortino Ratio Rank: 65
GFI Omega Ratio Rank: 65
GFI Calmar Ratio Rank: 67
GFI Martin Ratio Rank: 69

ERO

ERO Risk / Return Rank: 73
ERO Sharpe Ratio Rank: 78
ERO Sortino Ratio Rank: 71
ERO Omega Ratio Rank: 71
ERO Calmar Ratio Rank: 74
ERO Martin Ratio Rank: 73

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.

GFI vs. ERO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Gold Fields Limited (GFI) and Ero Copper Corp (ERO). 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.

	GFI	ERO	Difference
Sharpe ratio: Return per unit of total volatility	0.87	1.24	-0.36
Sortino ratio: Return per unit of downside risk	1.43	1.73	-0.30
Omega ratio: Gain probability vs. loss probability	1.19	1.23	-0.04
Calmar ratio: Return relative to maximum drawdown	1.29	1.86	-0.57
Martin ratio: Return relative to average drawdown	3.29	4.06	-0.77
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GFI vs. ERO - Sharpe Ratio Comparison

The current GFI Sharpe Ratio is 0.87, which is comparable to the ERO Sharpe Ratio of 1.24. The chart below compares the historical Sharpe Ratios of GFI and ERO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	GFI	ERO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.87	1.24	-0.36
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.60	0.06	+0.55
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.49	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.12	0.49	-0.37

Drawdowns

GFI vs. ERO - Drawdown Comparison

The maximum GFI drawdown since its inception was -88.05%, which is greater than ERO's maximum drawdown of -67.17%. Use the drawdown chart below to compare losses from any high point for GFI and ERO.

Drawdown Indicators

	GFI	ERO	Difference
Max Drawdown Largest peak-to-trough decline	-88.05%	-67.17%	-20.88%
Max Drawdown (1Y) Largest decline over 1 year	-39.97%	-37.97%	-2.00%
Max Drawdown (3Y) Largest decline over 3 years	-39.97%	-59.84%	+19.87%
Max Drawdown (5Y) Largest decline over 5 years	-56.22%	-64.56%	+8.34%
Max Drawdown (10Y) Largest decline over 10 years	-63.09%	—	—
Current Drawdown Current decline from peak	-39.97%	-29.27%	-10.70%
Average Drawdown Average peak-to-trough decline	-44.26%	-27.05%	-17.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.69%	17.39%	-1.70%

Volatility

GFI vs. ERO - Volatility Comparison

The current volatility for Gold Fields Limited (GFI) is 15.34%, while Ero Copper Corp (ERO) has a volatility of 26.90%. This indicates that GFI experiences smaller price fluctuations and is considered to be less risky than ERO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GFI	ERO	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.34%	26.90%	-11.56%
Volatility (6M) Calculated over the trailing 6-month period	45.82%	46.52%	-0.70%
Volatility (1Y) Calculated over the trailing 1-year period	59.39%	57.35%	+2.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	52.26%	54.87%	-2.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	54.86%	59.35%	-4.49%

Dividends

GFI vs. ERO - Dividend Comparison

GFI's dividend yield for the trailing twelve months is around 5.13%, while ERO has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ERO Ero Copper Corp	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
GFI Gold Fields Limited	5.13%	1.77%	2.94%	2.87%	3.40%	3.24%	1.72%	0.81%	1.61%	1.41%	1.35%	0.60%

Financials

GFI vs. ERO - Profitability Comparison

The chart below illustrates the profitability comparison between Gold Fields Limited and Ero Copper Corp over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

GFI - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Gold Fields Limited reported a gross profit of 3.00B and revenue of 5.29B. Therefore, the gross margin over that period was 56.7%.

ERO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Ero Copper Corp reported a gross profit of 103.33M and revenue of 259.52M. Therefore, the gross margin over that period was 39.8%.

GFI - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Gold Fields Limited reported an operating income of 2.71B and revenue of 5.29B, resulting in an operating margin of 51.3%.

ERO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Ero Copper Corp reported an operating income of 90.17M and revenue of 259.52M, resulting in an operating margin of 34.7%.

GFI - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Gold Fields Limited reported a net income of 2.55B and revenue of 5.29B, resulting in a net margin of 48.2%.

ERO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Ero Copper Corp reported a net income of 107.26M and revenue of 259.52M, resulting in a net margin of 41.3%.

Frequently Asked Questions

Can I hold both GFI and ERO in my portfolio?

GFI and ERO have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GFI or ERO?

ERO has higher volatility (26.90%) compared to GFI (15.34%). In terms of maximum drawdown, GFI dropped -88.05% vs ERO's -67.17%.

Which has better risk-adjusted returns?

ERO currently has the higher Sharpe Ratio (1.24 vs 0.87), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.