K.TO vs. HMY
K.TO (Kinross Gold Corporation) and HMY (Harmony Gold Mining Company Limited) are both stocks. Both operate in the Gold industry within the Basic Materials sector. Over the past 10 years, K.TO returned 19.71%/yr vs 18.70%/yr for HMY. A 0.63 correlation means they provide meaningful diversification when combined.
Performance
K.TO vs. HMY - Performance Comparison
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Different Trading Currencies
K.TO is traded in CAD, while HMY is traded in USD. To make them comparable, the HMY values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, K.TO achieves a -7.26% return, which is significantly higher than HMY's -17.12% return. Over the past 10 years, K.TO has outperformed HMY with an annualized return of 19.71%, while HMY has yielded a comparatively lower 18.70% annualized return.
K.TO
- 1D
- 3.14%
- 1M
- -15.56%
- YTD
- -7.26%
- 6M
- -6.78%
- 1Y
- 67.56%
- 3Y*
- 79.11%
- 5Y*
- 32.58%
- 10Y*
- 19.71%
HMY
- 1D
- 4.46%
- 1M
- -6.91%
- YTD
- -17.12%
- 6M
- -19.63%
- 1Y
- 11.22%
- 3Y*
- 57.54%
- 5Y*
- 33.47%
- 10Y*
- 18.70%
K.TO vs. HMY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
K.TO Kinross Gold Corporation | -7.26% | 191.80% | 69.08% | 49.14% | -22.75% | -20.24% | 52.79% | 40.00% | -18.82% | 29.36% |
HMY Harmony Gold Mining Company Limited | -17.12% | 134.26% | 46.85% | 78.16% | -11.13% | -10.29% | 25.87% | 94.44% | 3.77% | -18.83% |
Correlation
The correlation between K.TO and HMY 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 | 0.70 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Jul 12, 2006 | 0.63 |
The correlation between K.TO and HMY has been stable across timeframes, ranging from 0.63 to 0.72 - a consistent structural relationship.
Fundamentals
K.TO:
CA$43.06B
HMY:
$9.49B
K.TO:
$2.36
HMY:
ZAR 41.64
K.TO:
10.83
HMY:
0.36
K.TO:
0.14
HMY:
0.00
K.TO:
3.90
HMY:
0.06
K.TO:
3.39
HMY:
0.18
K.TO:
$7.97B
HMY:
ZAR 150.28B
K.TO:
$4.26B
HMY:
ZAR 57.55B
K.TO:
$5.03B
HMY:
ZAR 55.56B
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Return for Risk
K.TO vs. HMY — Risk / Return Rank
K.TO
HMY
K.TO vs. HMY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Kinross Gold Corporation (K.TO) and Harmony Gold Mining Company Limited (HMY). 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.
| K.TO | HMY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.21 | ||
| Sortino ratioReturn per unit of downside risk | +1.13 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.09 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.94 | 0.23 | +1.70 |
| Martin ratioReturn relative to average drawdown | 5.71 | 0.52 | +5.19 |
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Drawdowns
K.TO vs. HMY - Drawdown Comparison
The maximum K.TO drawdown since its inception was -92.37%, roughly equal to the maximum HMY drawdown of -96.70%. Use the drawdown chart below to compare losses from any high point for K.TO and HMY.
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Drawdown Indicators
| K.TO | HMY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.37% | -96.70% | +4.33% |
Max Drawdown (1Y)Largest decline over 1 year | -36.29% | -48.30% | +12.01% |
Max Drawdown (3Y)Largest decline over 3 years | -36.29% | -48.30% | +12.01% |
Max Drawdown (5Y)Largest decline over 5 years | -56.26% | -60.51% | +4.25% |
Max Drawdown (10Y)Largest decline over 10 years | -68.36% | -70.93% | +2.57% |
Current DrawdownCurrent decline from peak | -30.94% | -36.18% | +5.24% |
Average DrawdownAverage peak-to-trough decline | -55.98% | -59.09% | +3.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.29% | 21.68% | -9.39% |
Volatility
K.TO vs. HMY - Volatility Comparison
The current volatility for Kinross Gold Corporation (K.TO) is 18.19%, while Harmony Gold Mining Company Limited (HMY) has a volatility of 21.45%. This indicates that K.TO experiences smaller price fluctuations and is considered to be less risky than HMY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| K.TO | HMY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.19% | 21.45% | -3.26% |
Volatility (6M)Calculated over the trailing 6-month period | 39.35% | 48.53% | -9.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 50.98% | 64.76% | -13.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 42.47% | 59.02% | -16.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 45.61% | 61.72% | -16.11% |
Dividends
K.TO vs. HMY - Dividend Comparison
K.TO's dividend yield for the trailing twelve months is around 0.56%, less than HMY's 2.67% 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
K.TO vs. HMY - Financials Comparison
This section allows you to compare key financial metrics between Kinross Gold Corporation and Harmony Gold Mining Company Limited. 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
K.TO vs. HMY - Profitability Comparison
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 - 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 - 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 - 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 - 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%.
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%.
Frequently Asked Questions
K.TO and HMY 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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