K.TO vs. NEM

Last updated Jun 13, 2026

K.TO (Kinross Gold Corporation) and NEM (Newmont Corporation) 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 14.79%/yr for NEM. A 0.70 correlation means they provide meaningful diversification when combined.

Performance

K.TO vs. NEM - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Kinross Gold Corporation (K.TO) and Newmont Corporation (NEM). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

K.TO is traded in CAD, while NEM is traded in USD. To make them comparable, the NEM 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 lower than NEM's 2.97% return. Over the past 10 years, K.TO has outperformed NEM with an annualized return of 19.71%, while NEM has yielded a comparatively lower 14.79% annualized return.

K.TO

• 1D: 3.14%
• 1M: -16.49%
• YTD: -7.26%
• 6M: -6.78%
• 1Y: 69.94%
• 3Y*: 79.11%
• 5Y*: 32.58%
• 10Y*: 19.71%

NEM

• 1D: 3.00%
• 1M: -13.76%
• YTD: 2.97%
• 6M: 4.15%
• 1Y: 85.40%
• 3Y*: 38.22%
• 5Y*: 13.77%
• 10Y*: 14.79%

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

K.TO vs. NEM - 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%
NEM Newmont Corporation	2.97%	160.36%	-0.03%	-10.93%	-15.75%	7.35%	36.96%	25.14%	1.74%	3.40%

Correlation

The correlation between K.TO and NEM is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.81
Correlation (3Y) Calculated over the trailing 3-year period	0.74
Correlation (5Y) Calculated over the trailing 5-year period	0.73
Correlation (10Y) Calculated over the trailing 10-year period	0.71
Correlation (All Time) Calculated using the full available price history since Jul 12, 2006	0.70

The correlation between K.TO and NEM shifts across timeframes, from 0.70 (all time) to 0.81 (1 year), reflecting how their relationship changes across market environments.

Fundamentals

EPS K.TO : $2.36 NEM : $6.34
PE Ratio K.TO : 10.83 NEM : 15.82
PEG Ratio K.TO : 0.14 NEM : 0.41
PS Ratio K.TO : 3.90 NEM : 4.83
Total Revenue (TTM) K.TO : $7.97B NEM : $17.23B
Gross Profit (TTM) K.TO : $4.26B NEM : $8.97B
EBITDA (TTM) K.TO : $5.03B NEM : $13.78B

Return for Risk

K.TO vs. NEM — Risk / Return Rank

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

K.TO

K.TO Risk / Return Rank: 77
K.TO Sharpe Ratio Rank: 81
K.TO Sortino Ratio Rank: 74
K.TO Omega Ratio Rank: 75
K.TO Calmar Ratio Rank: 76
K.TO Martin Ratio Rank: 79

NEM

NEM Risk / Return Rank: 82
NEM Sharpe Ratio Rank: 86
NEM Sortino Ratio Rank: 78
NEM Omega Ratio Rank: 80
NEM Calmar Ratio Rank: 82
NEM Martin Ratio Rank: 84

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.

K.TO vs. NEM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Kinross Gold Corporation (K.TO) and Newmont Corporation (NEM). 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	NEM	Difference
Sharpe ratio: Return per unit of total volatility	1.38	1.82	-0.44
Sortino ratio: Return per unit of downside risk	1.83	2.15	-0.32
Omega ratio: Gain probability vs. loss probability	1.25	1.30	-0.05
Calmar ratio: Return relative to maximum drawdown	1.94	3.12	-1.18
Martin ratio: Return relative to average drawdown	5.71	8.32	-2.61

K.TO vs. NEM - Sharpe Ratio Comparison

The current K.TO Sharpe Ratio is 1.38, which is comparable to the NEM Sharpe Ratio of 1.82. The chart below compares the historical Sharpe Ratios of K.TO and NEM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

K.TO vs. NEM - Drawdown Comparison

The maximum K.TO drawdown since its inception was -92.37%, which is greater than NEM's maximum drawdown of -70.02%. Use the drawdown chart below to compare losses from any high point for K.TO and NEM.

Drawdown Indicators

	K.TO	NEM	Difference
Max Drawdown Largest peak-to-trough decline	-92.37%	-70.02%	-22.35%
Max Drawdown (1Y) Largest decline over 1 year	-36.29%	-27.50%	-8.79%
Max Drawdown (3Y) Largest decline over 3 years	-36.29%	-33.96%	-2.33%
Max Drawdown (5Y) Largest decline over 5 years	-56.63%	-59.76%	+3.13%
Max Drawdown (10Y) Largest decline over 10 years	-68.36%	-59.76%	-8.60%
Current Drawdown Current decline from peak	-30.94%	-21.49%	-9.45%
Average Drawdown Average peak-to-trough decline	-55.98%	-29.16%	-26.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.29%	10.30%	+1.99%

Volatility

K.TO vs. NEM - Volatility Comparison

Kinross Gold Corporation (K.TO) has a higher volatility of 18.19% compared to Newmont Corporation (NEM) at 15.88%. This indicates that K.TO's price experiences larger fluctuations and is considered to be riskier than NEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	K.TO	NEM	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.19%	15.88%	+2.31%
Volatility (6M) Calculated over the trailing 6-month period	39.35%	37.55%	+1.80%
Volatility (1Y) Calculated over the trailing 1-year period	50.98%	47.44%	+3.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	42.47%	38.17%	+4.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	45.61%	36.11%	+9.50%

Dividends

K.TO vs. NEM - Dividend Comparison

K.TO's dividend yield for the trailing twelve months is around 0.56%, less than NEM's 1.02% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%	0.00%
NEM Newmont Corporation	1.02%	1.00%	2.69%	3.87%	4.66%	3.55%	1.74%	3.31%	1.62%	0.67%	0.37%	0.56%

Financials

Frequently Asked Questions

Can I hold both K.TO and NEM in my portfolio?

K.TO and NEM have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.