KGC vs. NEM
KGC (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, KGC returned 18.81%/yr vs 13.80%/yr for NEM. A 0.66 correlation means they provide meaningful diversification when combined.
Performance
KGC vs. NEM - Performance Comparison
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Returns By Period
In the year-to-date period, KGC achieves a -8.92% return, which is significantly lower than NEM's 0.82% return. Over the past 10 years, KGC has outperformed NEM with an annualized return of 18.81%, while NEM has yielded a comparatively lower 13.80% annualized return.
KGC
- 1D
- 2.90%
- 1M
- -18.08%
- YTD
- -8.92%
- 6M
- -8.14%
- 1Y
- 65.63%
- 3Y*
- 76.13%
- 5Y*
- 29.09%
- 10Y*
- 18.81%
NEM
- 1D
- 2.71%
- 1M
- -15.55%
- YTD
- 0.82%
- 6M
- 2.58%
- 1Y
- 81.14%
- 3Y*
- 36.14%
- 5Y*
- 10.51%
- 10Y*
- 13.80%
KGC vs. NEM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
KGC Kinross Gold Corporation | -8.92% | 206.11% | 55.63% | 51.83% | -27.59% | -19.00% | 56.04% | 46.30% | -25.00% | 38.91% |
NEM Newmont Corporation | 0.82% | 172.82% | -7.83% | -8.76% | -20.77% | 7.40% | 40.28% | 30.52% | -6.15% | 10.91% |
Correlation
The correlation between KGC and NEM is 0.85, 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 | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 1994 | 0.66 |
The correlation between KGC and NEM shifts across timeframes, from 0.66 (all time) to 0.85 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
KGC:
$2.35
NEM:
$6.34
KGC:
10.87
NEM:
15.82
KGC:
0.14
NEM:
0.41
KGC:
3.92
NEM:
4.83
KGC:
$7.94B
NEM:
$17.23B
KGC:
$4.19B
NEM:
$8.97B
KGC:
$5.02B
NEM:
$13.78B
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Return for Risk
KGC vs. NEM — Risk / Return Rank
KGC
NEM
KGC vs. NEM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Kinross Gold Corporation (KGC) 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.
| KGC | NEM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.44 | ||
| Sortino ratioReturn per unit of downside risk | -0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.29 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.75 | 2.78 | -1.03 |
| Martin ratioReturn relative to average drawdown | 5.20 | 7.58 | -2.38 |
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Drawdowns
KGC vs. NEM - Drawdown Comparison
The maximum KGC drawdown since its inception was -96.00%, which is greater than NEM's maximum drawdown of -81.30%. Use the drawdown chart below to compare losses from any high point for KGC and NEM.
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Drawdown Indicators
| KGC | NEM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.00% | -81.30% | -14.70% |
Max Drawdown (1Y)Largest decline over 1 year | -37.69% | -29.39% | -8.30% |
Max Drawdown (3Y)Largest decline over 3 years | -37.69% | -36.57% | -1.12% |
Max Drawdown (5Y)Largest decline over 5 years | -59.29% | -62.40% | +3.11% |
Max Drawdown (10Y)Largest decline over 10 years | -67.75% | -62.40% | -5.35% |
Current DrawdownCurrent decline from peak | -32.63% | -23.71% | -8.92% |
Average DrawdownAverage peak-to-trough decline | -57.60% | -41.37% | -16.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.66% | 10.73% | +1.93% |
Volatility
KGC vs. NEM - Volatility Comparison
Kinross Gold Corporation (KGC) has a higher volatility of 18.21% compared to Newmont Corporation (NEM) at 15.74%. This indicates that KGC'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.
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Volatility by Period
| KGC | NEM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.21% | 15.74% | +2.47% |
Volatility (6M)Calculated over the trailing 6-month period | 40.59% | 37.43% | +3.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 51.35% | 47.44% | +3.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.22% | 37.99% | +6.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 47.01% | 35.67% | +11.34% |
Dividends
KGC vs. NEM - Dividend Comparison
KGC's dividend yield for the trailing twelve months is around 0.57%, less than NEM's 1.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KGC Kinross Gold Corporation | 0.57% | 0.44% | 1.29% | 1.98% | 2.93% | 2.69% | 0.82% | 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
KGC vs. NEM - Financials Comparison
This section allows you to compare key financial metrics between Kinross Gold Corporation and Newmont 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
Frequently Asked Questions
KGC and NEM have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KGC has higher volatility (18.21%) compared to NEM (15.74%). In terms of maximum drawdown, KGC dropped -96.00% vs NEM's -81.30%.
NEM currently has the higher Sharpe Ratio (1.73 vs 1.29), 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.
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