GORO vs. BTG
GORO (Gold Resource Corporation) and BTG (B2Gold Corp.) are both stocks. Both operate in the Gold industry within the Basic Materials sector. Over the past 10 years, GORO returned -11.94%/yr vs 5.25%/yr for BTG. At a 0.50 correlation, their price movements are largely independent.
Performance
GORO vs. BTG - Performance Comparison
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Returns By Period
In the year-to-date period, GORO achieves a 54.59% return, which is significantly higher than BTG's -13.88% return. Over the past 10 years, GORO has underperformed BTG with an annualized return of -11.94%, while BTG has yielded a comparatively higher 5.25% annualized return.
GORO
- 1D
- -2.29%
- 1M
- 7.56%
- 6M
- 31.90%
- YTD
- 54.59%
- 1Y
- 87.13%
- 3Y*
- 26.66%
- 5Y*
- -11.23%
- 10Y*
- -11.94%
BTG
- 1D
- -0.26%
- 1M
- -8.55%
- 6M
- -15.01%
- YTD
- -13.88%
- 1Y
- 12.31%
- 3Y*
- 6.25%
- 5Y*
- 2.93%
- 10Y*
- 5.25%
GORO vs. BTG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GORO Gold Resource Corporation | 54.59% | 259.84% | -38.80% | -75.42% | 0.20% | -45.33% | -46.91% | 39.34% | -8.71% | 1.64% |
BTG B2Gold Corp. | -13.88% | 88.95% | -18.07% | -7.22% | -5.13% | -26.97% | 42.35% | 37.72% | -5.81% | 30.80% |
Correlation
The correlation between GORO and BTG is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Jun 24, 2008 | 0.50 |
The correlation between GORO and BTG shifts across timeframes, from 0.41 (3 years) to 0.54 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
GORO:
$175.88M
BTG:
$5.13B
GORO:
$0.04
BTG:
$0.35
GORO:
28.70
BTG:
10.90
GORO:
0.85
BTG:
0.01
GORO:
2.34
BTG:
1.61
GORO:
4.29
BTG:
1.57
GORO:
$81.00M
BTG:
$3.67B
GORO:
$38.71M
BTG:
$1.89B
GORO:
$43.09M
BTG:
$1.96B
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Return for Risk
GORO vs. BTG — Risk / Return Rank
GORO
BTG
GORO vs. BTG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Gold Resource Corporation (GORO) and B2Gold Corp. (BTG). 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.
| GORO | BTG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.62 | ||
| Sortino ratioReturn per unit of downside risk | +1.11 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.09 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.86 | 0.33 | +1.52 |
| Martin ratioReturn relative to average drawdown | 3.45 | 0.63 | +2.82 |
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Drawdowns
GORO vs. BTG - Drawdown Comparison
The maximum GORO drawdown since its inception was -99.48%, which is greater than BTG's maximum drawdown of -85.97%. Use the drawdown chart below to compare losses from any high point for GORO and BTG.
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Drawdown Indicators
| GORO | BTG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.48% | -85.97% | -13.51% |
Max Drawdown (1Y)Largest decline over 1 year | -43.38% | -39.24% | -4.14% |
Max Drawdown (3Y)Largest decline over 3 years | -81.92% | -39.24% | -42.68% |
Max Drawdown (5Y)Largest decline over 5 years | -95.07% | -48.92% | -46.15% |
Max Drawdown (10Y)Largest decline over 10 years | -98.29% | -63.35% | -34.94% |
Current DrawdownCurrent decline from peak | -94.68% | -37.45% | -57.23% |
Average DrawdownAverage peak-to-trough decline | -65.24% | -38.33% | -26.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.75% | 20.73% | +3.02% |
Volatility
GORO vs. BTG - Volatility Comparison
The current volatility for Gold Resource Corporation (GORO) is 13.53%, while B2Gold Corp. (BTG) has a volatility of 15.83%. This indicates that GORO experiences smaller price fluctuations and is considered to be less risky than BTG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GORO | BTG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.53% | 15.83% | -2.30% |
Volatility (6M)Calculated over the trailing 6-month period | 69.63% | 45.72% | +23.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 95.30% | 56.60% | +38.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 93.11% | 45.03% | +48.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 78.45% | 48.00% | +30.45% |
Dividends
GORO vs. BTG - Dividend Comparison
GORO has not paid dividends to shareholders, while BTG's dividend yield for the trailing twelve months is around 2.08%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BTG B2Gold Corp. | 2.08% | 1.77% | 6.56% | 5.06% | 4.48% | 4.07% | 1.96% | 0.25% | 0.00% | 0.00% | 0.00% | 0.00% |
GORO Gold Resource Corporation | 0.00% | 0.00% | 0.00% | 0.00% | 2.61% | 2.78% | 1.37% | 0.42% | 0.50% | 0.45% | 0.69% | 7.23% |
Financials
GORO vs. BTG - Financials Comparison
This section allows you to compare key financial metrics between Gold Resource Corporation and B2Gold Corp.. 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
Frequently Asked Questions
GORO and BTG have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTG has higher volatility (15.83%) compared to GORO (13.53%). In terms of maximum drawdown, GORO dropped -99.48% vs BTG's -85.97%.
GORO currently has the higher Sharpe Ratio (0.85 vs 0.23), 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.
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