GORO vs. NGD
GORO (Gold Resource Corporation) and NGD (New Gold Inc.) are both stocks. Both operate in the Gold industry within the Basic Materials sector. At a 0.46 correlation, their price movements are largely independent.
Performance
GORO vs. NGD - Performance Comparison
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Returns By Period
GORO
- 1D
- 0.84%
- 1M
- -12.41%
- YTD
- 44.93%
- 6M
- 41.71%
- 1Y
- 90.08%
- 3Y*
- 14.89%
- 5Y*
- -15.91%
- 10Y*
- -9.01%
NGD
- 1D
- —
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GORO vs. NGD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GORO Gold Resource Corporation | 44.93% | 259.84% | -38.80% | -75.42% | 0.20% | -45.33% | -46.91% | 39.34% | -8.71% | 1.64% |
NGD New Gold Inc. | 4.25% | 251.21% | 69.86% | 48.98% | -34.67% | -31.51% | 148.86% | 16.28% | -77.00% | -6.00% |
Correlation
The correlation between GORO and NGD is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.42 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Sep 14, 2006 | 0.46 |
The correlation between GORO and NGD shifts across timeframes, from 0.35 (3 years) to 0.47 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
GORO:
$0.05
NGD:
$1.61
GORO:
26.16
NGD:
5.64
GORO:
0.78
NGD:
0.01
GORO:
2.13
NGD:
3.30
GORO:
$81.00M
NGD:
$1.46B
GORO:
$38.71M
NGD:
$758.26M
GORO:
$43.09M
NGD:
$1.19B
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Return for Risk
GORO vs. NGD — Risk / Return Rank
GORO
NGD
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
GORO vs. NGD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Gold Resource Corporation (GORO) and New Gold Inc. (NGD). 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 | NGD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.21 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.05 | — | — |
| Martin ratioReturn relative to average drawdown | 3.70 | — | — |
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Drawdowns
GORO vs. NGD - Drawdown Comparison
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Drawdown Indicators
| GORO | NGD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.48% | — | — |
Max Drawdown (1Y)Largest decline over 1 year | -44.27% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -85.50% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -95.47% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -98.29% | — | — |
Current DrawdownCurrent decline from peak | -95.01% | — | — |
Average DrawdownAverage peak-to-trough decline | -65.14% | — | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.42% | — | — |
Volatility
GORO vs. NGD - Volatility Comparison
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Volatility by Period
| GORO | NGD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.99% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 70.66% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 97.40% | — | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 93.01% | — | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 78.68% | — | — |
Dividends
GORO vs. NGD - Dividend Comparison
Neither GORO nor NGD has paid dividends to shareholders.
| 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% |
NGD New Gold Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
GORO vs. NGD - Financials Comparison
This section allows you to compare key financial metrics between Gold Resource Corporation and New Gold Inc.. 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 NGD have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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