GOLD vs. CIEN
GOLD (Barrick Mining Corporation) and CIEN (Ciena Corporation) are both stocks. GOLD operates in Gold (Basic Materials), while CIEN operates in Communication Equipment (Technology). At a 0.20 correlation, their price movements are largely independent.
Performance
GOLD vs. CIEN - Performance Comparison
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Returns By Period
In the year-to-date period, GOLD achieves a 31.00% return, which is significantly lower than CIEN's 90.70% return.
GOLD
- 1D
- 2.17%
- 1M
- 14.78%
- YTD
- 31.00%
- 6M
- 40.62%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CIEN
- 1D
- 0.17%
- 1M
- -19.56%
- YTD
- 90.70%
- 6M
- 104.17%
- 1Y
- 518.04%
- 3Y*
- 119.10%
- 5Y*
- 49.92%
- 10Y*
- 35.80%
GOLD vs. CIEN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GOLD Barrick Mining Corporation | 31.00% | 13.01% |
CIEN Ciena Corporation | 90.70% | 16.40% |
Correlation
The correlation between GOLD and CIEN is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 2, 2025 | 0.20 |
Fundamentals
GOLD:
$1.17B
CIEN:
$65.25B
GOLD:
$3.06
CIEN:
$3.01
GOLD:
14.44
CIEN:
148.07
GOLD:
0.05
CIEN:
11.65
GOLD:
1.38
CIEN:
22.56
GOLD:
$23.02B
CIEN:
$5.57B
GOLD:
$169.58M
CIEN:
$2.40B
GOLD:
-$162.41M
CIEN:
$670.55M
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Return for Risk
GOLD vs. CIEN — Risk / Return Rank
GOLD
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
CIEN
GOLD vs. CIEN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Barrick Mining Corporation (GOLD) and Ciena Corporation (CIEN). 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.
| GOLD | CIEN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.72 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 16.49 | — |
| Martin ratioReturn relative to average drawdown | — | 76.44 | — |
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Drawdowns
GOLD vs. CIEN - Drawdown Comparison
The maximum GOLD drawdown since its inception was -40.58%, smaller than the maximum CIEN drawdown of -99.51%. Use the drawdown chart below to compare losses from any high point for GOLD and CIEN.
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Drawdown Indicators
| GOLD | CIEN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.58% | -99.51% | +58.93% |
Max Drawdown (1Y)Largest decline over 1 year | — | -30.68% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -45.51% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -49.54% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -49.54% | — |
Current DrawdownCurrent decline from peak | -30.46% | -57.38% | +26.92% |
Average DrawdownAverage peak-to-trough decline | -18.05% | -87.08% | +69.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 6.61% | — |
Volatility
GOLD vs. CIEN - Volatility Comparison
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Volatility by Period
| GOLD | CIEN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 24.81% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 56.12% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 58.55% | 66.74% | -8.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 58.55% | 48.55% | +10.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 58.55% | 44.35% | +14.20% |
Dividends
GOLD vs. CIEN - Dividend Comparison
GOLD's dividend yield for the trailing twelve months is around 0.90%, while CIEN has not paid dividends to shareholders.
| Position | TTM |
|---|---|
CIEN Ciena Corporation | 0.00% |
GOLD Barrick Mining Corporation | 0.90% |
Financials
GOLD vs. CIEN - Financials Comparison
This section allows you to compare key financial metrics between Barrick Mining Corporation and Ciena Corporation. 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
GOLD vs. CIEN - Profitability Comparison
GOLD - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Barrick Mining Corporation reported a gross profit of 176.58M and revenue of 10.35B. Therefore, the gross margin over that period was 1.7%.
CIEN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Ciena Corporation reported a gross profit of 691.55M and revenue of 1.57B. Therefore, the gross margin over that period was 44.0%.
GOLD - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Barrick Mining Corporation reported an operating income of 106.13M and revenue of 10.35B, resulting in an operating margin of 1.0%.
CIEN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Ciena Corporation reported an operating income of 237.87M and revenue of 1.57B, resulting in an operating margin of 15.1%.
GOLD - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Barrick Mining Corporation reported a net income of 59.49M and revenue of 10.35B, resulting in a net margin of 0.6%.
CIEN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Ciena Corporation reported a net income of 218.22M and revenue of 1.57B, resulting in a net margin of 13.9%.
Frequently Asked Questions
GOLD and CIEN have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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