HMY vs. K.TO
HMY (Harmony Gold Mining Company Limited) and K.TO (Kinross Gold Corporation) are both stocks. Both operate in the Gold industry within the Basic Materials sector. Over the past 10 years, HMY returned 17.69%/yr vs 18.69%/yr for K.TO. A 0.63 correlation means they provide meaningful diversification when combined.
Performance
HMY vs. K.TO - Performance Comparison
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Different Trading Currencies
HMY is traded in USD, while K.TO is traded in CAD. To make them comparable, the K.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, HMY achieves a -18.77% return, which is significantly lower than K.TO's -9.10% return. Over the past 10 years, HMY has underperformed K.TO with an annualized return of 17.69%, while K.TO has yielded a comparatively higher 18.69% annualized return.
HMY
- 1D
- 4.27%
- 1M
- -8.69%
- YTD
- -18.77%
- 6M
- -20.76%
- 1Y
- 8.23%
- 3Y*
- 55.21%
- 5Y*
- 29.67%
- 10Y*
- 17.69%
K.TO
- 1D
- 2.95%
- 1M
- -17.18%
- YTD
- -9.10%
- 6M
- -8.09%
- 1Y
- 63.05%
- 3Y*
- 76.47%
- 5Y*
- 28.81%
- 10Y*
- 18.69%
HMY vs. K.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HMY Harmony Gold Mining Company Limited | -18.77% | 145.47% | 35.39% | 82.51% | -16.42% | -10.25% | 28.93% | 102.79% | -4.28% | -12.94% |
K.TO Kinross Gold Corporation | -9.10% | 205.76% | 55.88% | 52.77% | -27.35% | -20.20% | 56.50% | 46.02% | -25.12% | 38.75% |
Correlation
The correlation between HMY and K.TO is 0.72, 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 | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Jul 12, 2006 | 0.63 |
The correlation between HMY and K.TO has been stable across timeframes, ranging from 0.63 to 0.72 - a consistent structural relationship.
Fundamentals
HMY:
$9.49B
K.TO:
CA$43.06B
HMY:
ZAR 41.64
K.TO:
$2.36
HMY:
0.36
K.TO:
10.83
HMY:
0.00
K.TO:
0.14
HMY:
0.06
K.TO:
3.90
HMY:
0.18
K.TO:
3.39
HMY:
ZAR 150.28B
K.TO:
$7.97B
HMY:
ZAR 57.55B
K.TO:
$4.26B
HMY:
ZAR 55.56B
K.TO:
$5.03B
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Return for Risk
HMY vs. K.TO — Risk / Return Rank
HMY
K.TO
HMY vs. K.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Harmony Gold Mining Company Limited (HMY) and Kinross Gold Corporation (K.TO). 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.
| HMY | K.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.16 | ||
| Sortino ratioReturn per unit of downside risk | -1.11 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.24 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 0.18 | 1.77 | -1.59 |
| Martin ratioReturn relative to average drawdown | 0.40 | 5.33 | -4.93 |
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Drawdowns
HMY vs. K.TO - Drawdown Comparison
The maximum HMY drawdown since its inception was -97.04%, roughly equal to the maximum K.TO drawdown of -94.64%. Use the drawdown chart below to compare losses from any high point for HMY and K.TO.
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Drawdown Indicators
| HMY | K.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.04% | -94.64% | -2.40% |
Max Drawdown (1Y)Largest decline over 1 year | -48.85% | -37.51% | -11.34% |
Max Drawdown (3Y)Largest decline over 3 years | -48.85% | -37.51% | -11.34% |
Max Drawdown (5Y)Largest decline over 5 years | -62.48% | -59.49% | -2.99% |
Max Drawdown (10Y)Largest decline over 10 years | -71.05% | -68.23% | -2.82% |
Current DrawdownCurrent decline from peak | -37.92% | -32.36% | -5.56% |
Average DrawdownAverage peak-to-trough decline | -52.74% | -61.04% | +8.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.98% | 12.45% | +9.53% |
Volatility
HMY vs. K.TO - Volatility Comparison
Harmony Gold Mining Company Limited (HMY) has a higher volatility of 21.33% compared to Kinross Gold Corporation (K.TO) at 18.27%. This indicates that HMY's price experiences larger fluctuations and is considered to be riskier than K.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HMY | K.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.33% | 18.27% | +3.06% |
Volatility (6M)Calculated over the trailing 6-month period | 48.63% | 39.44% | +9.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 64.67% | 51.25% | +13.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 58.53% | 42.93% | +15.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 61.20% | 45.97% | +15.23% |
Dividends
HMY vs. K.TO - Dividend Comparison
HMY's dividend yield for the trailing twelve months is around 2.67%, more than K.TO's 0.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
HMY Harmony Gold Mining Company Limited | 2.53% | 1.07% | 1.59% | 0.66% | 1.14% | 2.23% | 0.00% | 0.00% | 0.00% | 3.13% | 1.37% |
K.TO Kinross Gold Corporation | 0.56% | 0.45% | 1.23% | 2.04% | 2.68% | 1.63% | 0.85% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
HMY vs. K.TO - Financials Comparison
This section allows you to compare key financial metrics between Harmony Gold Mining Company Limited and Kinross Gold Corporation. 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
HMY vs. K.TO - Profitability Comparison
HMY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Harmony Gold Mining Company Limited reported a gross profit of 20.53B and revenue of 46.57B. Therefore, the gross margin over that period was 44.1%.
K.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Kinross Gold Corporation reported a gross profit of 1.44B and revenue of 2.41B. Therefore, the gross margin over that period was 59.9%.
HMY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Harmony Gold Mining Company Limited reported an operating income of 19.36B and revenue of 46.57B, resulting in an operating margin of 41.6%.
K.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Kinross Gold Corporation reported an operating income of 1.33B and revenue of 2.41B, resulting in an operating margin of 55.1%.
HMY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Harmony Gold Mining Company Limited reported a net income of 9.29B and revenue of 46.57B, resulting in a net margin of 19.9%.
K.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Kinross Gold Corporation reported a net income of 843.00M and revenue of 2.41B, resulting in a net margin of 35.0%.
Frequently Asked Questions
HMY and K.TO have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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