KBGGY vs. NGD.TO

Last updated Jun 13, 2026

KBGGY (Kongsberg Gruppen ASA) and NGD.TO (New Gold Inc.) are both stocks. KBGGY operates in Aerospace & Defense (Industrials), while NGD.TO operates in Gold (Basic Materials). At a 0.12 correlation, their price movements are largely independent.

Performance

KBGGY vs. NGD.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Kongsberg Gruppen ASA (KBGGY) and New Gold Inc. (NGD.TO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

KBGGY is traded in USD, while NGD.TO is traded in CAD. To make them comparable, the NGD.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

KBGGY

• 1D: -2.77%
• 1M: 0.32%
• YTD: 45.76%
• 6M: 50.38%
• 1Y: -4.73%
• 3Y*: 66.18%
• 5Y*: —
• 10Y*: —

NGD.TO

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

KBGGY vs. NGD.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
KBGGY Kongsberg Gruppen ASA	45.76%	19.00%	164.60%	-2.54%
NGD.TO New Gold Inc.	1.41%	249.08%	72.38%	10.42%

Correlation

The correlation between KBGGY and NGD.TO is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.18
Correlation (3Y) Calculated over the trailing 3-year period	0.12
Correlation (All Time) Calculated using the full available price history since May 19, 2023	0.12

Return for Risk

KBGGY vs. NGD.TO — Risk / Return Rank

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

KBGGY

KBGGY Risk / Return Rank: 35
KBGGY Sharpe Ratio Rank: 35
KBGGY Sortino Ratio Rank: 34
KBGGY Omega Ratio Rank: 34
KBGGY Calmar Ratio Rank: 36
KBGGY Martin Ratio Rank: 36

NGD.TO

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

KBGGY vs. NGD.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Kongsberg Gruppen ASA (KBGGY) and New Gold Inc. (NGD.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.

	KBGGY	NGD.TO	Difference
Sharpe ratio: Return per unit of total volatility	-0.18	—	—
Sortino ratio: Return per unit of downside risk	0.10	—	—
Omega ratio: Gain probability vs. loss probability	1.01	—	—
Calmar ratio: Return relative to maximum drawdown	-0.22	—	—
Martin ratio: Return relative to average drawdown	-0.41	—	—

Drawdowns

Drawdown Indicators

	KBGGY	NGD.TO	Difference
Max Drawdown Largest peak-to-trough decline	-68.35%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-43.73%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-68.35%	—	—
Current Drawdown Current decline from peak	-47.76%	—	—
Average Drawdown Average peak-to-trough decline	-20.24%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	24.92%	—	—

Volatility

Volatility by Period

	KBGGY	NGD.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.44%	—	—
Volatility (6M) Calculated over the trailing 6-month period	37.36%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	55.88%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	61.51%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	61.51%	—	—

Dividends

KBGGY vs. NGD.TO - Dividend Comparison

KBGGY's dividend yield for the trailing twelve months is around 26.08%, while NGD.TO has not paid dividends to shareholders.

Position	TTM	2025	2024
KBGGY Kongsberg Gruppen ASA	26.08%	5.82%	1.18%
NGD.TO New Gold Inc.	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both KBGGY and NGD.TO in my portfolio?

KBGGY and NGD.TO have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.