IAG vs. OGC.TO
IAG (IAMGOLD Corporation) and OGC.TO (OceanaGold Corporation) are both stocks. Both operate in the Gold industry within the Basic Materials sector. Over the past 10 years, IAG returned 12.59%/yr vs 7.85%/yr for OGC.TO. A 0.54 correlation means they provide meaningful diversification when combined.
Performance
IAG vs. OGC.TO - Performance Comparison
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Different Trading Currencies
IAG is traded in USD, while OGC.TO is traded in CAD. To make them comparable, the OGC.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, IAG achieves a -7.10% return, which is significantly higher than OGC.TO's -12.51% return. Over the past 10 years, IAG has outperformed OGC.TO with an annualized return of 12.59%, while OGC.TO has yielded a comparatively lower 7.85% annualized return.
IAG
- 1D
- -0.97%
- 1M
- -5.08%
- 6M
- -10.98%
- YTD
- -7.10%
- 1Y
- 117.30%
- 3Y*
- 78.58%
- 5Y*
- 39.12%
- 10Y*
- 12.59%
OGC.TO
- 1D
- -0.62%
- 1M
- -2.03%
- 6M
- -18.41%
- YTD
- -12.51%
- 1Y
- 74.32%
- 3Y*
- 62.25%
- 5Y*
- 34.79%
- 10Y*
- 7.85%
IAG vs. OGC.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IAG IAMGOLD Corporation | -7.10% | 219.57% | 103.95% | -1.94% | -17.57% | -14.71% | -1.61% | 1.36% | -36.88% | 51.43% |
OGC.TO OceanaGold Corporation | -12.51% | 243.14% | 44.90% | 1.19% | 10.28% | -10.52% | -1.18% | -46.54% | 42.71% | -11.18% |
Correlation
The correlation between IAG and OGC.TO is 0.73, 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 | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Jun 27, 2007 | 0.54 |
The correlation between IAG and OGC.TO shifts across timeframes, from 0.54 (all time) to 0.73 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
IAG:
$8.85B
OGC.TO:
CA$7.83B
IAG:
$1.73
OGC.TO:
$1.94
IAG:
8.87
OGC.TO:
12.74
IAG:
0.05
OGC.TO:
0.03
IAG:
2.62
OGC.TO:
4.30
IAG:
2.10
OGC.TO:
2.34
IAG:
$3.42B
OGC.TO:
$2.25B
IAG:
$1.64B
OGC.TO:
$1.24B
IAG:
$1.97B
OGC.TO:
$1.22B
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Return for Risk
IAG vs. OGC.TO — Risk / Return Rank
IAG
OGC.TO
IAG vs. OGC.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for IAMGOLD Corporation (IAG) and OceanaGold Corporation (OGC.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.
| IAG | OGC.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.47 | ||
| Sortino ratioReturn per unit of downside risk | +0.47 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.24 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.06 | 1.78 | +1.28 |
| Martin ratioReturn relative to average drawdown | 6.68 | 4.18 | +2.50 |
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Drawdowns
IAG vs. OGC.TO - Drawdown Comparison
The maximum IAG drawdown since its inception was -95.55%, roughly equal to the maximum OGC.TO drawdown of -97.03%. Use the drawdown chart below to compare losses from any high point for IAG and OGC.TO.
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Drawdown Indicators
| IAG | OGC.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.55% | -97.03% | +1.48% |
Max Drawdown (1Y)Largest decline over 1 year | -39.60% | -43.27% | +3.67% |
Max Drawdown (3Y)Largest decline over 3 years | -39.60% | -43.27% | +3.67% |
Max Drawdown (5Y)Largest decline over 5 years | -73.69% | -49.76% | -23.93% |
Max Drawdown (10Y)Largest decline over 10 years | -86.46% | -78.65% | -7.81% |
Current DrawdownCurrent decline from peak | -37.65% | -41.60% | +3.95% |
Average DrawdownAverage peak-to-trough decline | -56.11% | -41.50% | -14.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.10% | 18.39% | -0.29% |
Volatility
IAG vs. OGC.TO - Volatility Comparison
IAMGOLD Corporation (IAG) has a higher volatility of 18.59% compared to OceanaGold Corporation (OGC.TO) at 15.47%. This indicates that IAG's price experiences larger fluctuations and is considered to be riskier than OGC.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IAG | OGC.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.59% | 15.47% | +3.12% |
Volatility (6M)Calculated over the trailing 6-month period | 50.34% | 42.36% | +7.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 62.39% | 52.48% | +9.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.72% | 50.44% | +10.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 58.63% | 53.11% | +5.52% |
Dividends
IAG vs. OGC.TO - Dividend Comparison
IAG has not paid dividends to shareholders, while OGC.TO's dividend yield for the trailing twelve months is around 0.94%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IAG IAMGOLD Corporation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
OGC.TO OceanaGold Corporation | 0.94% | 0.29% | 0.23% | 0.36% | 0.00% | 0.00% | 0.00% | 0.18% | 0.26% | 0.27% | 0.46% | 0.63% |
Financials
IAG vs. OGC.TO - Financials Comparison
This section allows you to compare key financial metrics between IAMGOLD Corporation and OceanaGold 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
IAG vs. OGC.TO - Profitability Comparison
IAG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 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%.
OGC.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, OceanaGold Corporation reported a gross profit of 397.08M and revenue of 702.79M. Therefore, the gross margin over that period was 56.5%.
IAG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, IAMGOLD Corporation reported an operating income of 544.70M and revenue of 1.03B, resulting in an operating margin of 52.9%.
OGC.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, OceanaGold Corporation reported an operating income of 330.79M and revenue of 702.79M, resulting in an operating margin of 47.1%.
IAG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, IAMGOLD Corporation reported a net income of 379.70M and revenue of 1.03B, resulting in a net margin of 36.9%.
OGC.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, OceanaGold Corporation reported a net income of 224.66M and revenue of 702.79M, resulting in a net margin of 32.0%.
Frequently Asked Questions
IAG and OGC.TO have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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