GORO vs. KGC

Last updated Jun 23, 2026

GORO (Gold Resource Corporation) and KGC (Kinross Gold Corporation) are both stocks. Both operate in the Gold industry within the Basic Materials sector. Over the past 10 years, GORO returned -8.45%/yr vs 19.12%/yr for KGC. A 0.51 correlation means they provide meaningful diversification when combined.

Performance

GORO vs. KGC - Performance Comparison

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

Returns By Period

In the year-to-date period, GORO achieves a 60.63% return, which is significantly higher than KGC's -6.36% return. Over the past 10 years, GORO has underperformed KGC with an annualized return of -8.45%, while KGC has yielded a comparatively higher 19.12% annualized return.

GORO

• 1D: 0.00%
• 1M: 3.10%
• YTD: 60.63%
• 6M: 42.25%
• 1Y: 128.64%
• 3Y*: 21.58%
• 5Y*: -11.49%
• 10Y*: -8.45%

KGC

• 1D: -1.39%
• 1M: -7.03%
• YTD: -6.36%
• 6M: -10.16%
• 1Y: 70.84%
• 3Y*: 80.92%
• 5Y*: 35.25%
• 10Y*: 19.12%

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

GORO vs. KGC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GORO Gold Resource Corporation	60.63%	259.84%	-38.80%	-75.42%	0.20%	-45.33%	-46.91%	39.34%	-8.71%	1.64%
KGC Kinross Gold Corporation	-6.36%	206.11%	55.63%	51.83%	-27.59%	-19.00%	56.04%	46.30%	-25.00%	38.91%

Correlation

The correlation between GORO and KGC is 0.56, 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	0.56
Correlation (3Y) Calculated over the trailing 3-year period	0.42
Correlation (5Y) Calculated over the trailing 5-year period	0.48
Correlation (10Y) Calculated over the trailing 10-year period	0.53
Correlation (All Time) Calculated using the full available price history since Sep 14, 2006	0.51

The correlation between GORO and KGC shifts across timeframes, from 0.42 (3 years) to 0.56 (1 year), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap GORO : $217.74M KGC : $31.67B
EPS GORO : $0.05 KGC : $2.35
PE Ratio GORO : 29.00 KGC : 11.18
PEG Ratio GORO : 0.86 KGC : 0.15
PS Ratio GORO : 2.36 KGC : 4.03
PB Ratio GORO : 4.46 KGC : 3.47
Total Revenue (TTM) GORO : $81.00M KGC : $7.94B
Gross Profit (TTM) GORO : $38.71M KGC : $4.19B
EBITDA (TTM) GORO : $43.09M KGC : $5.02B

Return for Risk

GORO vs. KGC — Risk / Return Rank

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

GORO

GORO Risk / Return Rank: 79
GORO Sharpe Ratio Rank: 80
GORO Sortino Ratio Rank: 80
GORO Omega Ratio Rank: 76
GORO Calmar Ratio Rank: 83
GORO Martin Ratio Rank: 77

KGC

KGC Risk / Return Rank: 76
KGC Sharpe Ratio Rank: 80
KGC Sortino Ratio Rank: 73
KGC Omega Ratio Rank: 74
KGC Calmar Ratio Rank: 75
KGC Martin Ratio Rank: 77

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. KGC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Gold Resource Corporation (GORO) and Kinross Gold Corporation (KGC). 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	KGC	Difference
Sharpe ratio: Return per unit of total volatility	1.33	1.37	-0.04
Sortino ratio: Return per unit of downside risk	2.24	1.80	+0.44
Omega ratio: Gain probability vs. loss probability	1.26	1.25	+0.01
Calmar ratio: Return relative to maximum drawdown	2.92	1.89	+1.03
Martin ratio: Return relative to average drawdown	5.25	5.35	-0.10

GORO vs. KGC - Sharpe Ratio Comparison

The current GORO Sharpe Ratio is 1.33, which is comparable to the KGC Sharpe Ratio of 1.37. The chart below compares the historical Sharpe Ratios of GORO and KGC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GORO vs. KGC - Drawdown Comparison

The maximum GORO drawdown since its inception was -99.48%, roughly equal to the maximum KGC drawdown of -96.00%. Use the drawdown chart below to compare losses from any high point for GORO and KGC.

Drawdown Indicators

	GORO	KGC	Difference
Max Drawdown Largest peak-to-trough decline	-99.48%	-96.00%	-3.48%
Max Drawdown (1Y) Largest decline over 1 year	-44.27%	-37.69%	-6.58%
Max Drawdown (3Y) Largest decline over 3 years	-83.24%	-37.69%	-45.55%
Max Drawdown (5Y) Largest decline over 5 years	-95.07%	-55.22%	-39.85%
Max Drawdown (10Y) Largest decline over 10 years	-98.29%	-67.75%	-30.54%
Current Drawdown Current decline from peak	-94.47%	-30.74%	-63.73%
Average Drawdown Average peak-to-trough decline	-65.17%	-57.58%	-7.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	24.59%	13.28%	+11.31%

Volatility

GORO vs. KGC - Volatility Comparison

Gold Resource Corporation (GORO) and Kinross Gold Corporation (KGC) have volatilities of 16.67% and 17.42%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GORO	KGC	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.67%	17.42%	-0.75%
Volatility (6M) Calculated over the trailing 6-month period	70.64%	41.02%	+29.62%
Volatility (1Y) Calculated over the trailing 1-year period	97.26%	52.01%	+45.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	93.04%	44.13%	+48.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	78.71%	47.06%	+31.65%

Dividends

GORO vs. KGC - Dividend Comparison

GORO has not paid dividends to shareholders, while KGC's dividend yield for the trailing twelve months is around 0.55%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
KGC Kinross Gold Corporation	0.55%	0.44%	1.29%	1.98%	2.93%	2.69%	0.82%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both GORO and KGC in my portfolio?

GORO and KGC have a correlation of 0.56, 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 KGC?

KGC has higher volatility (17.42%) compared to GORO (16.67%). In terms of maximum drawdown, GORO dropped -99.48% vs KGC's -96.00%.

Which has better risk-adjusted returns?

KGC currently has the higher Sharpe Ratio (1.37 vs 1.33), 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.