GROY vs. CGAU
GROY (Gold Royalty Corp.) and CGAU (Centerra Gold Inc) are both stocks. Both are in the Basic Materials sector — GROY in Other Precious Metals & Mining, CGAU in Gold. Over the past 5 years, GROY returned -15.39%/yr vs 17.55%/yr for CGAU. At a 0.49 correlation, their price movements are largely independent.
Performance
GROY vs. CGAU - Performance Comparison
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Returns By Period
In the year-to-date period, GROY achieves a -30.20% return, which is significantly lower than CGAU's 12.13% return.
GROY
- 1D
- 0.71%
- 1M
- -10.19%
- YTD
- -30.20%
- 6M
- -32.86%
- 1Y
- 19.49%
- 3Y*
- 17.46%
- 5Y*
- -15.39%
- 10Y*
- —
CGAU
- 1D
- -3.44%
- 1M
- -2.73%
- YTD
- 12.13%
- 6M
- 7.21%
- 1Y
- 125.02%
- 3Y*
- 44.07%
- 5Y*
- 17.55%
- 10Y*
- —
GROY vs. CGAU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
GROY Gold Royalty Corp. | -30.20% | 233.88% | -17.69% | -36.27% | -51.98% | 4.68% |
CGAU Centerra Gold Inc | 12.13% | 159.49% | -1.45% | 19.37% | -32.55% | -14.48% |
Correlation
The correlation between GROY and CGAU is 0.67, 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 | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Apr 15, 2021 | 0.49 |
The correlation between GROY and CGAU shifts across timeframes, from 0.49 (all time) to 0.67 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
GROY:
$679.48M
CGAU:
$3.23B
GROY:
-$0.01
CGAU:
$3.07
GROY:
28.95
CGAU:
2.15
GROY:
0.94
CGAU:
1.53
GROY:
$19.65M
CGAU:
$1.54B
GROY:
$14.42M
CGAU:
$524.70M
GROY:
$9.22M
CGAU:
$962.67M
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Return for Risk
GROY vs. CGAU — Risk / Return Rank
GROY
CGAU
GROY vs. CGAU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Gold Royalty Corp. (GROY) 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.
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.
| GROY | CGAU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.06 | ||
| Sortino ratioReturn per unit of downside risk | -1.75 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.36 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 0.41 | 4.26 | -3.86 |
| Martin ratioReturn relative to average drawdown | 0.96 | 12.11 | -11.15 |
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Drawdowns
GROY vs. CGAU - Drawdown Comparison
The maximum GROY drawdown since its inception was -82.01%, which is greater than CGAU's maximum drawdown of -63.47%. Use the drawdown chart below to compare losses from any high point for GROY and CGAU.
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Drawdown Indicators
| GROY | CGAU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.01% | -63.47% | -18.54% |
Max Drawdown (1Y)Largest decline over 1 year | -48.18% | -29.50% | -18.68% |
Max Drawdown (3Y)Largest decline over 3 years | -48.18% | -30.24% | -17.94% |
Max Drawdown (5Y)Largest decline over 5 years | -79.99% | -63.47% | -16.52% |
Current DrawdownCurrent decline from peak | -56.63% | -23.38% | -33.25% |
Average DrawdownAverage peak-to-trough decline | -55.80% | -29.55% | -26.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.45% | 10.37% | +10.08% |
Volatility
GROY vs. CGAU - Volatility Comparison
The current volatility for Gold Royalty Corp. (GROY) is 16.40%, while Centerra Gold Inc (CGAU) has a volatility of 18.79%. This indicates that GROY experiences smaller price fluctuations and is considered to be less risky than CGAU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GROY | CGAU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.40% | 18.79% | -2.39% |
Volatility (6M)Calculated over the trailing 6-month period | 38.13% | 43.04% | -4.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 56.28% | 52.20% | +4.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 57.54% | 47.10% | +10.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 60.20% | 48.86% | +11.34% |
Dividends
GROY vs. CGAU - Dividend Comparison
GROY has not paid dividends to shareholders, while CGAU's dividend yield for the trailing twelve months is around 1.27%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
CGAU Centerra Gold Inc | 1.27% | 1.39% | 3.59% | 3.45% | 0.00% |
GROY Gold Royalty Corp. | 0.00% | 0.00% | 0.00% | 1.36% | 1.72% |
Financials
GROY vs. CGAU - Financials Comparison
This section allows you to compare key financial metrics between Gold Royalty Corp. and Centerra 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
GROY vs. CGAU - Profitability Comparison
GROY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Gold Royalty Corp. reported a gross profit of 5.48M and revenue of 7.18M. Therefore, the gross margin over that period was 76.3%.
CGAU - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Centerra Gold Inc reported a gross profit of 182.83M and revenue of 478.59M. Therefore, the gross margin over that period was 38.2%.
GROY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Gold Royalty Corp. reported an operating income of 2.64M and revenue of 7.18M, resulting in an operating margin of 36.7%.
CGAU - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Centerra Gold Inc reported an operating income of 152.54M and revenue of 478.59M, resulting in an operating margin of 31.9%.
GROY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Gold Royalty Corp. reported a net income of 1.77M and revenue of 7.18M, resulting in a net margin of 24.7%.
CGAU - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Centerra Gold Inc reported a net income of 78.33M and revenue of 478.59M, resulting in a net margin of 16.4%.
Frequently Asked Questions
GROY and CGAU have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CGAU has higher volatility (18.79%) compared to GROY (16.40%). In terms of maximum drawdown, GROY dropped -82.01% vs CGAU's -63.47%.
CGAU currently has the higher Sharpe Ratio (2.41 vs 0.35), 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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