GOLD vs. RGLD

Last updated Jun 13, 2026

GOLD (Barrick Mining Corporation) and RGLD (Royal Gold, Inc.) are both stocks. Both operate in the Gold industry within the Basic Materials sector. A 0.54 correlation means they provide meaningful diversification when combined.

Performance

GOLD vs. RGLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Barrick Mining Corporation (GOLD) and Royal Gold, Inc. (RGLD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GOLD achieves a 31.00% return, which is significantly higher than RGLD's -6.25% return.

GOLD

• 1D: 2.17%
• 1M: 7.64%
• YTD: 31.00%
• 6M: 40.62%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

RGLD

• 1D: 1.47%
• 1M: -15.27%
• YTD: -6.25%
• 6M: -4.74%
• 1Y: 16.96%
• 3Y*: 21.73%
• 5Y*: 12.37%
• 10Y*: 13.61%

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

GOLD vs. RGLD - Yearly Performance Comparison

	2026 (YTD)	2025
GOLD Barrick Mining Corporation	31.00%	13.01%
RGLD Royal Gold, Inc.	-6.25%	10.45%

Correlation

The correlation between GOLD and RGLD is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 2, 2025	0.54

Fundamentals

Market Cap GOLD : $1.17B RGLD : $17.65B
EPS GOLD : $3.06 RGLD : $8.53
PE Ratio GOLD : 14.44 RGLD : 24.34
PS Ratio GOLD : 0.05 RGLD : 11.81
PB Ratio GOLD : 1.38 RGLD : 2.38
Total Revenue (TTM) GOLD : $23.02B RGLD : $1.31B
Gross Profit (TTM) GOLD : $169.58M RGLD : $579.68M
EBITDA (TTM) GOLD : -$162.41M RGLD : $949.59M

Return for Risk

GOLD vs. RGLD — Risk / Return Rank

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

GOLD

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

RGLD

RGLD Risk / Return Rank: 54
RGLD Sharpe Ratio Rank: 58
RGLD Sortino Ratio Rank: 52
RGLD Omega Ratio Rank: 52
RGLD Calmar Ratio Rank: 54
RGLD Martin Ratio Rank: 56

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.

GOLD vs. RGLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Barrick Mining Corporation (GOLD) and Royal Gold, Inc. (RGLD). 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	RGLD	Difference
Sharpe ratio: Return per unit of total volatility	—	0.43	—
Sortino ratio: Return per unit of downside risk	—	0.81	—
Omega ratio: Gain probability vs. loss probability	—	1.11	—
Calmar ratio: Return relative to maximum drawdown	—	0.48	—
Martin ratio: Return relative to average drawdown	—	1.27	—

Drawdowns

GOLD vs. RGLD - Drawdown Comparison

The maximum GOLD drawdown since its inception was -40.58%, smaller than the maximum RGLD drawdown of -98.29%. Use the drawdown chart below to compare losses from any high point for GOLD and RGLD.

Drawdown Indicators

	GOLD	RGLD	Difference
Max Drawdown Largest peak-to-trough decline	-40.58%	-98.29%	+57.71%
Max Drawdown (1Y) Largest decline over 1 year	—	-35.12%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-35.12%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-40.73%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-49.55%	—
Current Drawdown Current decline from peak	-30.46%	-31.66%	+1.20%
Average Drawdown Average peak-to-trough decline	-18.05%	-29.82%	+11.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	13.34%	—

Volatility

Volatility by Period

	GOLD	RGLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	12.33%	—
Volatility (6M) Calculated over the trailing 6-month period	—	32.22%	—
Volatility (1Y) Calculated over the trailing 1-year period	58.55%	39.34%	+19.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	58.55%	31.58%	+26.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	58.55%	33.66%	+24.89%

Dividends

GOLD vs. RGLD - Dividend Comparison

GOLD's dividend yield for the trailing twelve months is around 0.90%, more than RGLD's 0.89% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GOLD Barrick Mining Corporation	0.90%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
RGLD Royal Gold, Inc.	0.89%	0.81%	1.21%	1.24%	1.24%	1.14%	1.05%	0.87%	1.17%	1.17%	1.45%	1.81%

Financials

GOLD vs. RGLD - Profitability Comparison

The chart below illustrates the profitability comparison between Barrick Mining Corporation and Royal Gold, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

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%.

RGLD - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Royal Gold, Inc. reported a gross profit of 0.00 and revenue of 469.13M. Therefore, the gross margin over that period was 0.0%.

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%.

RGLD - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Royal Gold, Inc. reported an operating income of 297.09M and revenue of 469.13M, resulting in an operating margin of 63.3%.

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%.

RGLD - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Royal Gold, Inc. reported a net income of 281.13M and revenue of 469.13M, resulting in a net margin of 59.9%.

Frequently Asked Questions

Can I hold both GOLD and RGLD in my portfolio?

GOLD and RGLD have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.