HOC.L vs. RGLD
HOC.L (Hochschild Mining plc) and RGLD (Royal Gold, Inc.) are both stocks. Both operate in the Gold industry within the Basic Materials sector. Over the past 10 years, HOC.L returned 17.08%/yr vs 14.92%/yr for RGLD. At a 0.26 correlation, their price movements are largely independent.
Performance
HOC.L vs. RGLD - Performance Comparison
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Different Trading Currencies
HOC.L is traded in GBp, while RGLD is traded in USD. To make them comparable, the RGLD values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, HOC.L achieves a 13.22% return, which is significantly higher than RGLD's -6.00% return. Over the past 10 years, HOC.L has outperformed RGLD with an annualized return of 17.08%, while RGLD has yielded a comparatively lower 14.92% annualized return.
HOC.L
- 1D
- 0.09%
- 1M
- -8.45%
- YTD
- 13.22%
- 6M
- 38.16%
- 1Y
- 87.00%
- 3Y*
- 93.00%
- 5Y*
- 27.99%
- 10Y*
- 17.08%
RGLD
- 1D
- -5.82%
- 1M
- -11.36%
- YTD
- -6.00%
- 6M
- 2.52%
- 1Y
- 15.04%
- 3Y*
- 17.45%
- 5Y*
- 13.69%
- 10Y*
- 14.92%
HOC.L vs. RGLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HOC.L Hochschild Mining plc | 13.22% | 141.69% | 99.81% | 52.46% | -43.65% | -29.18% | 17.23% | 19.41% | -39.88% | 25.89% |
RGLD Royal Gold, Inc. | -6.00% | 58.29% | 12.31% | 3.26% | 21.41% | 0.99% | -14.71% | 38.78% | 11.79% | 19.97% |
Correlation
The correlation between HOC.L and RGLD is 0.52, 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 | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Jul 4, 2007 | 0.26 |
Over the past year, HOC.L and RGLD have become more correlated (0.52) than their long-term average of 0.26, meaning their price movements have been converging.
Fundamentals
HOC.L:
£2.97B
RGLD:
$17.52B
HOC.L:
£0.59
RGLD:
$8.53
HOC.L:
9.84
RGLD:
24.17
HOC.L:
0.01
RGLD:
1.64
HOC.L:
1.41
RGLD:
11.73
HOC.L:
4.12
RGLD:
2.36
HOC.L:
£2.09B
RGLD:
$1.31B
HOC.L:
£781.85M
RGLD:
$579.68M
HOC.L:
£851.03M
RGLD:
$949.59M
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Return for Risk
HOC.L vs. RGLD — Risk / Return Rank
HOC.L
RGLD
HOC.L vs. RGLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hochschild Mining plc (HOC.L) and Royal Gold, Inc. (RGLD). 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.
| HOC.L | RGLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.27 | ||
| Sortino ratioReturn per unit of downside risk | +1.36 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.10 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 3.16 | 0.47 | +2.68 |
| Martin ratioReturn relative to average drawdown | 6.81 | 1.23 | +5.59 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HOC.L | RGLD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.67 | 0.40 | +1.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.51 | 0.47 | +0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.31 | 0.46 | -0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.09 | 0.41 | -0.32 |
Drawdowns
HOC.L vs. RGLD - Drawdown Comparison
The maximum HOC.L drawdown since its inception was -93.27%, which is greater than RGLD's maximum drawdown of -69.57%. Use the drawdown chart below to compare losses from any high point for HOC.L and RGLD.
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Drawdown Indicators
| HOC.L | RGLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.27% | -69.57% | -23.70% |
Max Drawdown (1Y)Largest decline over 1 year | -32.71% | -31.82% | -0.89% |
Max Drawdown (3Y)Largest decline over 3 years | -32.71% | -31.82% | -0.89% |
Max Drawdown (5Y)Largest decline over 5 years | -68.40% | -31.82% | -36.58% |
Max Drawdown (10Y)Largest decline over 10 years | -80.57% | -48.18% | -32.39% |
Current DrawdownCurrent decline from peak | -28.09% | -31.82% | +3.73% |
Average DrawdownAverage peak-to-trough decline | -54.74% | -18.03% | -36.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.81% | 12.31% | +2.50% |
Volatility
HOC.L vs. RGLD - Volatility Comparison
Hochschild Mining plc (HOC.L) has a higher volatility of 17.02% compared to Royal Gold, Inc. (RGLD) at 10.98%. This indicates that HOC.L's price experiences larger fluctuations and is considered to be riskier than RGLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HOC.L | RGLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.02% | 10.98% | +6.04% |
Volatility (6M)Calculated over the trailing 6-month period | 42.41% | 30.55% | +11.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 61.79% | 37.61% | +24.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.35% | 29.39% | +25.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 55.15% | 32.50% | +22.65% |
Dividends
HOC.L vs. RGLD - Dividend Comparison
HOC.L's dividend yield for the trailing twelve months is around 0.77%, less than RGLD's 0.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HOC.L Hochschild Mining plc | 0.77% | 0.43% | 0.00% | 0.00% | 5.05% | 2.38% | 2.84% | 1.92% | 2.11% | 0.90% | 0.55% | 0.00% |
RGLD Royal Gold, Inc. | 0.90% | 0.81% | 1.21% | 1.24% | 1.24% | 1.14% | 1.05% | 0.87% | 1.17% | 1.17% | 1.45% | 1.81% |
Financials
HOC.L vs. RGLD - Financials Comparison
This section allows you to compare key financial metrics between Hochschild Mining plc and Royal 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
HOC.L vs. RGLD - Profitability Comparison
HOC.L - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Hochschild Mining plc reported a gross profit of 248.80M and revenue of 617.49M. Therefore, the gross margin over that period was 40.3%.
RGLD - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Royal Gold, Inc. reported a gross profit of 0.00 and revenue of 469.13M. Therefore, the gross margin over that period was 0.0%.
HOC.L - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Hochschild Mining plc reported an operating income of 198.11M and revenue of 617.49M, resulting in an operating margin of 32.1%.
RGLD - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Royal Gold, Inc. reported an operating income of 297.09M and revenue of 469.13M, resulting in an operating margin of 63.3%.
HOC.L - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Hochschild Mining plc reported a net income of 111.54M and revenue of 617.49M, resulting in a net margin of 18.1%.
RGLD - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Royal Gold, Inc. reported a net income of 281.13M and revenue of 469.13M, resulting in a net margin of 59.9%.
Frequently Asked Questions
HOC.L and RGLD have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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