GORO vs. CGAU

Last updated Jun 3, 2026

GORO (Gold Resource Corporation) and CGAU (Centerra Gold Inc) are both stocks. Both operate in the Gold industry within the Basic Materials sector. Over the past 5 years, GORO returned -13.07%/yr vs 19.43%/yr for CGAU. At a 0.43 correlation, their price movements are largely independent.

Performance

GORO vs. CGAU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Gold Resource Corporation (GORO) and Centerra Gold Inc (CGAU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GORO achieves a 63.04% return, which is significantly higher than CGAU's 22.00% return.

GORO

• 1D: 3.05%
• 1M: -4.26%
• YTD: 63.04%
• 6M: 84.98%
• 1Y: 116.42%
• 3Y*: 18.09%
• 5Y*: -13.07%
• 10Y*: -8.17%

CGAU

• 1D: 1.81%
• 1M: 1.24%
• YTD: 22.00%
• 6M: 34.14%
• 1Y: 135.40%
• 3Y*: 45.63%
• 5Y*: 19.43%
• 10Y*: —

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

GORO vs. CGAU - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
GORO Gold Resource Corporation	63.04%	259.84%	-38.80%	-75.42%	0.20%	-45.59%
CGAU Centerra Gold Inc	22.00%	159.49%	-1.45%	19.37%	-32.55%	-18.30%

Correlation

The correlation between GORO and CGAU is 0.50, 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	0.50
Correlation (3Y) Calculated over the trailing 3-year period	0.40
Correlation (5Y) Calculated over the trailing 5-year period	0.44
Correlation (All Time) Calculated using the full available price history since Apr 16, 2021	0.43

The correlation between GORO and CGAU shifts across timeframes, from 0.40 (3 years) to 0.50 (1 year), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap GORO : $221.02M CGAU : $3.51B
EPS GORO : $0.05 CGAU : $3.07
PE Ratio GORO : 29.43 CGAU : 5.67
PEG Ratio GORO : 0.87 CGAU : 0.02
PS Ratio GORO : 2.40 CGAU : 2.34
PB Ratio GORO : 4.53 CGAU : 1.67
Total Revenue (TTM) GORO : $81.00M CGAU : $1.54B
Gross Profit (TTM) GORO : $38.71M CGAU : $524.70M
EBITDA (TTM) GORO : $43.09M CGAU : $962.67M

Return for Risk

GORO vs. CGAU — Risk / Return Rank

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

GORO

GORO Risk / Return Rank: 78
GORO Sharpe Ratio Rank: 75
GORO Sortino Ratio Rank: 77
GORO Omega Ratio Rank: 72
GORO Calmar Ratio Rank: 85
GORO Martin Ratio Rank: 79

CGAU

CGAU Risk / Return Rank: 90
CGAU Sharpe Ratio Rank: 93
CGAU Sortino Ratio Rank: 86
CGAU Omega Ratio Rank: 87
CGAU Calmar Ratio Rank: 93
CGAU Martin Ratio Rank: 93

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.

GORO vs. CGAU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Gold Resource Corporation (GORO) and Centerra Gold Inc (CGAU). 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.

	GORO	CGAU	Difference
Sharpe ratio Return per unit of total volatility	1.21	2.71	-1.50
Sortino ratio Return per unit of downside risk	2.15	2.82	-0.66
Omega ratio Gain probability vs. loss probability	1.24	1.40	-0.15
Calmar ratio Return relative to maximum drawdown	3.49	6.04	-2.54
Martin ratio Return relative to average drawdown	6.49	16.46	-9.96
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GORO vs. CGAU - Sharpe Ratio Comparison

The current GORO Sharpe Ratio is 1.21, which is lower than the CGAU Sharpe Ratio of 2.71. The chart below compares the historical Sharpe Ratios of GORO and CGAU, 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

	GORO	CGAU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.21	2.71	-1.50
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.14	0.42	-0.56
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.10	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.03	0.31	-0.28

Drawdowns

GORO vs. CGAU - Drawdown Comparison

The maximum GORO drawdown since its inception was -99.48%, which is greater than CGAU's maximum drawdown of -63.47%. Use the drawdown chart below to compare losses from any high point for GORO and CGAU.

Drawdown Indicators

	GORO	CGAU	Difference
Max Drawdown Largest peak-to-trough decline	-99.48%	-63.47%	-36.01%
Max Drawdown (1Y) Largest decline over 1 year	-44.27%	-24.61%	-19.66%
Max Drawdown (3Y) Largest decline over 3 years	-85.50%	-30.24%	-55.26%
Max Drawdown (5Y) Largest decline over 5 years	-95.67%	-63.47%	-32.20%
Max Drawdown (10Y) Largest decline over 10 years	-98.29%	—	—
Current Drawdown Current decline from peak	-94.39%	-16.64%	-77.75%
Average Drawdown Average peak-to-trough decline	-65.08%	-29.65%	-35.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	23.82%	9.03%	+14.79%

Volatility

GORO vs. CGAU - Volatility Comparison

Gold Resource Corporation (GORO) has a higher volatility of 18.23% compared to Centerra Gold Inc (CGAU) at 15.62%. This indicates that GORO's price experiences larger fluctuations and is considered to be riskier than CGAU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GORO	CGAU	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.23%	15.62%	+2.61%
Volatility (6M) Calculated over the trailing 6-month period	70.89%	40.22%	+30.67%
Volatility (1Y) Calculated over the trailing 1-year period	98.39%	50.47%	+47.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	92.93%	46.62%	+46.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	78.65%	48.58%	+30.07%

Dividends

GORO vs. CGAU - Dividend Comparison

GORO has not paid dividends to shareholders, while CGAU's dividend yield for the trailing twelve months is around 1.17%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CGAU Centerra Gold Inc	1.17%	1.39%	3.59%	3.45%	0.00%	0.00%	0.00%	0.00%	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

Frequently Asked Questions

Can I hold both GORO and CGAU in my portfolio?

GORO and CGAU have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GORO or CGAU?

GORO has higher volatility (18.23%) compared to CGAU (15.62%). In terms of maximum drawdown, GORO dropped -99.48% vs CGAU's -63.47%.

Which has better risk-adjusted returns?

CGAU currently has the higher Sharpe Ratio (2.71 vs 1.21), 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.