IAG vs. INOD
IAG (IAMGOLD Corporation) and INOD (Innodata Inc.) are both stocks. IAG operates in Gold (Basic Materials), while INOD operates in Information Technology Services (Technology). Over the past 10 years, IAG returned 16.20%/yr vs 45.64%/yr for INOD. At a 0.08 correlation, their price movements are largely independent.
Performance
IAG vs. INOD - Performance Comparison
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Returns By Period
In the year-to-date period, IAG achieves a 0.97% return, which is significantly lower than INOD's 98.04% return. Over the past 10 years, IAG has underperformed INOD with an annualized return of 16.20%, while INOD has yielded a comparatively higher 45.64% annualized return.
IAG
- 1D
- 3.16%
- 1M
- -11.39%
- YTD
- 0.97%
- 6M
- 5.11%
- 1Y
- 120.82%
- 3Y*
- 80.32%
- 5Y*
- 35.17%
- 10Y*
- 16.20%
INOD
- 1D
- -4.23%
- 1M
- 12.17%
- YTD
- 98.04%
- 6M
- 92.56%
- 1Y
- 137.86%
- 3Y*
- 114.32%
- 5Y*
- 69.37%
- 10Y*
- 45.64%
IAG vs. INOD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IAG IAMGOLD Corporation | 0.97% | 219.57% | 103.95% | -1.94% | -17.57% | -14.71% | -1.61% | 1.36% | -36.88% | 51.43% |
INOD Innodata Inc. | 98.04% | 28.92% | 385.50% | 174.54% | -49.92% | 11.70% | 364.91% | -24.00% | 10.29% | -44.49% |
Correlation
The correlation between IAG and INOD is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Jul 15, 2003 | 0.08 |
The correlation between IAG and INOD shifts across timeframes, from 0.08 (all time) to 0.22 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
IAG:
$9.89B
INOD:
$3.59B
IAG:
$1.73
INOD:
$1.11
IAG:
9.63
INOD:
90.91
IAG:
0.06
INOD:
0.02
IAG:
2.84
INOD:
12.60
IAG:
2.28
INOD:
28.00
IAG:
$3.42B
INOD:
$283.42M
IAG:
$1.64B
INOD:
$76.88M
IAG:
$1.97B
INOD:
$37.35M
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Return for Risk
IAG vs. INOD — Risk / Return Rank
IAG
INOD
IAG vs. INOD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for IAMGOLD Corporation (IAG) and Innodata Inc. (INOD). 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.
| IAG | INOD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.83 | ||
| Sortino ratioReturn per unit of downside risk | -0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.31 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.07 | 2.20 | +0.87 |
| Martin ratioReturn relative to average drawdown | 7.68 | 3.97 | +3.70 |
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Drawdowns
IAG vs. INOD - Drawdown Comparison
The maximum IAG drawdown since its inception was -95.55%, roughly equal to the maximum INOD drawdown of -95.47%. Use the drawdown chart below to compare losses from any high point for IAG and INOD.
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Drawdown Indicators
| IAG | INOD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.55% | -95.47% | -0.08% |
Max Drawdown (1Y)Largest decline over 1 year | -39.60% | -63.03% | +23.43% |
Max Drawdown (3Y)Largest decline over 3 years | -39.60% | -63.03% | +23.43% |
Max Drawdown (5Y)Largest decline over 5 years | -73.69% | -74.44% | +0.75% |
Max Drawdown (10Y)Largest decline over 10 years | -86.46% | -74.44% | -12.02% |
Current DrawdownCurrent decline from peak | -32.23% | -16.95% | -15.28% |
Average DrawdownAverage peak-to-trough decline | -56.18% | -60.07% | +3.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.80% | 34.83% | -19.03% |
Volatility
IAG vs. INOD - Volatility Comparison
The current volatility for IAMGOLD Corporation (IAG) is 20.86%, while Innodata Inc. (INOD) has a volatility of 32.31%. This indicates that IAG experiences smaller price fluctuations and is considered to be less risky than INOD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IAG | INOD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.86% | 32.31% | -11.45% |
Volatility (6M)Calculated over the trailing 6-month period | 49.19% | 89.40% | -40.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 61.99% | 122.08% | -60.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.55% | 106.74% | -46.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 58.65% | 89.36% | -30.71% |
Dividends
IAG vs. INOD - Dividend Comparison
Neither IAG nor INOD has paid dividends to shareholders.
Financials
IAG vs. INOD - Financials Comparison
This section allows you to compare key financial metrics between IAMGOLD Corporation and Innodata 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
IAG vs. INOD - Profitability Comparison
IAG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, IAMGOLD Corporation reported a gross profit of 570.70M and revenue of 1.03B. Therefore, the gross margin over that period was 55.4%.
INOD - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Innodata Inc. reported a gross profit of 0.00 and revenue of 90.10M. Therefore, the gross margin over that period was 0.0%.
IAG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, IAMGOLD Corporation reported an operating income of 544.70M and revenue of 1.03B, resulting in an operating margin of 52.9%.
INOD - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Innodata Inc. reported an operating income of 0.00 and revenue of 90.10M, resulting in an operating margin of 0.0%.
IAG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, IAMGOLD Corporation reported a net income of 379.70M and revenue of 1.03B, resulting in a net margin of 36.9%.
INOD - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Innodata Inc. reported a net income of 14.90M and revenue of 90.10M, resulting in a net margin of 16.5%.
Frequently Asked Questions
IAG and INOD have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
INOD has higher volatility (32.31%) compared to IAG (20.86%). In terms of maximum drawdown, IAG dropped -95.55% vs INOD's -95.47%.
IAG currently has the higher Sharpe Ratio (1.96 vs 1.14), 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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