KGC vs. GFI

Last updated Jun 3, 2026

KGC (Kinross Gold Corporation) and GFI (Gold Fields Limited) are both stocks. Both operate in the Gold industry within the Basic Materials sector. Over the past 10 years, KGC returned 20.62%/yr vs 28.09%/yr for GFI. A 0.70 correlation means they provide meaningful diversification when combined.

Performance

KGC vs. GFI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Kinross Gold Corporation (KGC) and Gold Fields Limited (GFI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, KGC achieves a 3.22% return, which is significantly higher than GFI's -9.11% return. Over the past 10 years, KGC has underperformed GFI with an annualized return of 20.62%, while GFI has yielded a comparatively higher 28.09% annualized return.

KGC

• 1D: -0.51%
• 1M: -1.76%
• YTD: 3.22%
• 6M: 5.73%
• 1Y: 85.56%
• 3Y*: 83.75%
• 5Y*: 32.09%
• 10Y*: 20.62%

GFI

• 1D: 1.45%
• 1M: -8.37%
• YTD: -9.11%
• 6M: -4.10%
• 1Y: 59.21%
• 3Y*: 39.34%
• 5Y*: 31.87%
• 10Y*: 28.09%

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

KGC vs. GFI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
KGC Kinross Gold Corporation	3.22%	206.11%	55.63%	51.83%	-27.59%	-19.00%	56.04%	46.30%	-25.00%	38.91%
GFI Gold Fields Limited	-9.11%	240.42%	-6.27%	44.90%	-2.61%	23.33%	43.02%	89.47%	-16.75%	45.29%

Correlation

The correlation between KGC and GFI is 0.82, 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	0.82
Correlation (3Y) Calculated over the trailing 3-year period	0.74
Correlation (5Y) Calculated over the trailing 5-year period	0.72
Correlation (10Y) Calculated over the trailing 10-year period	0.70
Correlation (All Time) Calculated using the full available price history since Aug 27, 2007	0.70

The correlation between KGC and GFI shifts across timeframes, from 0.70 (10 years) to 0.82 (1 year), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap KGC : $34.91B GFI : $34.49B
EPS KGC : $2.35 GFI : $5.39
PE Ratio KGC : 12.32 GFI : 7.16
PEG Ratio KGC : 0.16 GFI : 0.11
PS Ratio KGC : 4.44 GFI : 2.47
PB Ratio KGC : 3.82 GFI : 4.09
Total Revenue (TTM) KGC : $7.94B GFI : $13.98B
Gross Profit (TTM) KGC : $4.19B GFI : $7.34B
EBITDA (TTM) KGC : $5.02B GFI : $8.04B

Return for Risk

KGC vs. GFI — Risk / Return Rank

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

KGC

KGC Risk / Return Rank: 81
KGC Sharpe Ratio Rank: 84
KGC Sortino Ratio Rank: 76
KGC Omega Ratio Rank: 78
KGC Calmar Ratio Rank: 83
KGC Martin Ratio Rank: 84

GFI

GFI Risk / Return Rank: 70
GFI Sharpe Ratio Rank: 71
GFI Sortino Ratio Rank: 66
GFI Omega Ratio Rank: 66
GFI Calmar Ratio Rank: 74
GFI Martin Ratio Rank: 75

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.

KGC vs. GFI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Kinross Gold Corporation (KGC) and Gold Fields Limited (GFI). 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.

	KGC	GFI	Difference
Sharpe ratio Return per unit of total volatility	1.72	1.01	+0.71
Sortino ratio Return per unit of downside risk	2.10	1.56	+0.54
Omega ratio Gain probability vs. loss probability	1.29	1.20	+0.09
Calmar ratio Return relative to maximum drawdown	3.23	2.04	+1.19
Martin ratio Return relative to average drawdown	8.61	4.97	+3.64
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

KGC vs. GFI - Sharpe Ratio Comparison

The current KGC Sharpe Ratio is 1.72, which is higher than the GFI Sharpe Ratio of 1.01. The chart below compares the historical Sharpe Ratios of KGC and GFI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	KGC	GFI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.72	1.01	+0.71
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.74	0.61	+0.12
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.44	0.51	-0.07
Sharpe Ratio (All Time) Calculated using the full available price history	0.08	0.13	-0.05

Drawdowns

KGC vs. GFI - Drawdown Comparison

The maximum KGC drawdown since its inception was -96.00%, which is greater than GFI's maximum drawdown of -88.05%. Use the drawdown chart below to compare losses from any high point for KGC and GFI.

Drawdown Indicators

	KGC	GFI	Difference
Max Drawdown Largest peak-to-trough decline	-96.00%	-88.05%	-7.95%
Max Drawdown (1Y) Largest decline over 1 year	-30.20%	-36.41%	+6.21%
Max Drawdown (3Y) Largest decline over 3 years	-30.20%	-36.41%	+6.21%
Max Drawdown (5Y) Largest decline over 5 years	-60.46%	-56.22%	-4.24%
Max Drawdown (10Y) Largest decline over 10 years	-67.75%	-63.09%	-4.66%
Current Drawdown Current decline from peak	-23.65%	-35.49%	+11.84%
Average Drawdown Average peak-to-trough decline	-57.64%	-44.27%	-13.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.34%	14.97%	-3.63%

Volatility

KGC vs. GFI - Volatility Comparison

The current volatility for Kinross Gold Corporation (KGC) is 15.57%, while Gold Fields Limited (GFI) has a volatility of 17.62%. This indicates that KGC experiences smaller price fluctuations and is considered to be less risky than GFI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	KGC	GFI	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.57%	17.62%	-2.05%
Volatility (6M) Calculated over the trailing 6-month period	38.78%	45.34%	-6.56%
Volatility (1Y) Calculated over the trailing 1-year period	50.28%	59.62%	-9.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	43.93%	52.21%	-8.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	46.90%	54.86%	-7.96%

Dividends

KGC vs. GFI - Dividend Comparison

KGC's dividend yield for the trailing twelve months is around 0.50%, less than GFI's 4.77% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GFI Gold Fields Limited	4.77%	1.77%	2.94%	2.87%	3.40%	3.24%	1.72%	0.81%	1.61%	1.41%	1.35%	0.60%
KGC Kinross Gold Corporation	0.50%	0.44%	1.29%	1.98%	2.93%	2.69%	0.82%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

KGC vs. GFI - Profitability Comparison

The chart below illustrates the profitability comparison between Kinross Gold Corporation and Gold Fields Limited over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

KGC - 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 1.37B and revenue of 2.37B. Therefore, the gross margin over that period was 57.8%.

GFI - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Gold Fields Limited reported a gross profit of 3.00B and revenue of 5.29B. Therefore, the gross margin over that period was 56.7%.

KGC - 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 1.31B and revenue of 2.37B, resulting in an operating margin of 55.1%.

GFI - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Gold Fields Limited reported an operating income of 2.71B and revenue of 5.29B, resulting in an operating margin of 51.3%.

KGC - 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 831.32M and revenue of 2.37B, resulting in a net margin of 35.0%.

GFI - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Gold Fields Limited reported a net income of 2.55B and revenue of 5.29B, resulting in a net margin of 48.2%.

Frequently Asked Questions

Can I hold both KGC and GFI in my portfolio?

KGC and GFI have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, KGC or GFI?

GFI has higher volatility (17.62%) compared to KGC (15.57%). In terms of maximum drawdown, KGC dropped -96.00% vs GFI's -88.05%.

Which has better risk-adjusted returns?

KGC currently has the higher Sharpe Ratio (1.72 vs 1.01), 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.