HMY vs. SAND

Last updated Apr 1, 2026

Compare and contrast key facts about Harmony Gold Mining Company Limited (HMY) and Sandstorm Gold Ltd. (SAND).

Performance

HMY vs. SAND - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Harmony Gold Mining Company Limited (HMY) and Sandstorm Gold Ltd. (SAND). The values are adjusted to include any dividend payments, if applicable.

HMY vs. SAND - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HMY Harmony Gold Mining Company Limited	-22.76%	145.47%	35.39%	82.51%	-16.42%	-10.25%	28.93%	102.79%	-4.28%	-12.94%
SAND Sandstorm Gold Ltd.	0.00%	118.72%	12.15%	-3.32%	-14.29%	-13.53%	-3.76%	61.61%	-7.62%	27.95%

Fundamentals

Market Cap HMY : $9.71B SAND : $3.64B
EPS HMY : $41.64 SAND : $0.11
PE Ratio HMY : 0.37 SAND : 105.77
PEG Ratio HMY : 0.00 SAND : 4.56
PS Ratio HMY : 0.06 SAND : 18.81
PB Ratio HMY : 0.19 SAND : 2.55
Total Revenue (TTM) HMY : $150.28B SAND : $193.59M
Gross Profit (TTM) HMY : $57.55B SAND : $114.43M
EBITDA (TTM) HMY : $55.56B SAND : $144.88M

Returns By Period

HMY

• 1D: 8.55%
• 1M: -32.44%
• YTD: -22.76%
• 6M: -14.90%
• 1Y: 5.39%
• 3Y*: 57.20%
• 5Y*: 27.56%
• 10Y*: 16.46%

SAND

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

Return for Risk

HMY vs. SAND — Risk / Return Rank

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

HMY

HMY Risk / Return Rank: 46
HMY Sharpe Ratio Rank: 45
HMY Sortino Ratio Rank: 45
HMY Omega Ratio Rank: 44
HMY Calmar Ratio Rank: 48
HMY Martin Ratio Rank: 49

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.

HMY vs. SAND - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Harmony Gold Mining Company Limited (HMY) and Sandstorm Gold Ltd. (SAND). 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.

	HMY	SAND	Difference
Sharpe ratio Return per unit of total volatility	0.08	—	—
Sortino ratio Return per unit of downside risk	0.58	—	—
Omega ratio Gain probability vs. loss probability	1.07	—	—
Calmar ratio Return relative to maximum drawdown	0.22	—	—
Martin ratio Return relative to average drawdown	0.57	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	HMY	SAND	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.08	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.48	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.27	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.05	—	—

Correlation

The correlation between HMY and SAND is 0.57, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

HMY vs. SAND - Dividend Comparison

HMY's dividend yield for the trailing twelve months is around 1.39%, more than SAND's 0.36% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
HMY Harmony Gold Mining Company Limited	1.39%	1.07%	1.59%	0.66%	1.14%	2.23%	0.00%	0.00%	0.00%	3.13%	1.37%
SAND Sandstorm Gold Ltd.	0.36%	0.47%	1.06%	1.19%	1.17%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

Drawdown Indicators

	HMY	SAND	Difference
Max Drawdown Largest peak-to-trough decline	-97.04%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-48.85%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-63.78%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-71.05%	—	—
Current Drawdown Current decline from peak	-40.98%	—	—
Average Drawdown Average peak-to-trough decline	-52.87%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	18.94%	—	—

Volatility

Volatility by Period

	HMY	SAND	Difference
Volatility (1M) Calculated over the trailing 1-month period	23.34%	—	—
Volatility (6M) Calculated over the trailing 6-month period	48.51%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	66.46%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	58.39%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	61.53%	—	—

Financials

HMY vs. SAND - Profitability Comparison

The chart below illustrates the profitability comparison between Harmony Gold Mining Company Limited and Sandstorm Gold Ltd. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

HMY - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 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%.

SAND - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Sandstorm Gold Ltd. reported a gross profit of 33.10M and revenue of 51.42M. Therefore, the gross margin over that period was 64.4%.

HMY - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 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%.

SAND - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Sandstorm Gold Ltd. reported an operating income of 26.02M and revenue of 51.42M, resulting in an operating margin of 50.6%.

HMY - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 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%.

SAND - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Sandstorm Gold Ltd. reported a net income of 15.46M and revenue of 51.42M, resulting in a net margin of 30.1%.