KGC vs. RGLD
KGC (Kinross Gold Corporation) and RGLD (Royal Gold, Inc.) 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 13.61%/yr for RGLD. A 0.56 correlation means they provide meaningful diversification when combined.
Performance
KGC vs. RGLD - 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 RGLD's -6.25% return. Over the past 10 years, KGC has outperformed RGLD with an annualized return of 18.81%, while RGLD has yielded a comparatively lower 13.61% 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%
RGLD
- 1D
- 1.47%
- 1M
- -15.27%
- YTD
- -6.25%
- 6M
- -4.74%
- 1Y
- 16.96%
- 3Y*
- 21.73%
- 5Y*
- 12.37%
- 10Y*
- 13.61%
KGC vs. RGLD - 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% |
RGLD Royal Gold, Inc. | -6.25% | 70.43% | 10.39% | 8.70% | 8.51% | 0.04% | -12.13% | 44.27% | 5.53% | 31.32% |
Correlation
The correlation between KGC and RGLD is 0.77, 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 | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 1994 | 0.56 |
Over the past year, KGC and RGLD have become more correlated (0.77) than their long-term average of 0.56, meaning their price movements have been converging.
Fundamentals
KGC:
$30.80B
RGLD:
$17.65B
KGC:
$2.35
RGLD:
$8.53
KGC:
10.87
RGLD:
24.34
KGC:
0.14
RGLD:
1.66
KGC:
3.92
RGLD:
11.81
KGC:
3.37
RGLD:
2.38
KGC:
$7.94B
RGLD:
$1.31B
KGC:
$4.19B
RGLD:
$579.68M
KGC:
$5.02B
RGLD:
$949.59M
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Return for Risk
KGC vs. RGLD — Risk / Return Rank
KGC
RGLD
KGC vs. RGLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Kinross Gold Corporation (KGC) and Royal Gold, Inc. (RGLD). 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 | RGLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.85 | ||
| Sortino ratioReturn per unit of downside risk | +0.91 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.11 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.75 | 0.48 | +1.27 |
| Martin ratioReturn relative to average drawdown | 5.20 | 1.27 | +3.93 |
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Drawdowns
KGC vs. RGLD - Drawdown Comparison
The maximum KGC drawdown since its inception was -96.00%, roughly equal to the maximum RGLD drawdown of -98.29%. Use the drawdown chart below to compare losses from any high point for KGC and RGLD.
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Drawdown Indicators
| KGC | RGLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.00% | -98.29% | +2.29% |
Max Drawdown (1Y)Largest decline over 1 year | -37.69% | -35.12% | -2.57% |
Max Drawdown (3Y)Largest decline over 3 years | -37.69% | -35.12% | -2.57% |
Max Drawdown (5Y)Largest decline over 5 years | -59.29% | -40.73% | -18.56% |
Max Drawdown (10Y)Largest decline over 10 years | -67.75% | -49.55% | -18.20% |
Current DrawdownCurrent decline from peak | -32.63% | -31.66% | -0.97% |
Average DrawdownAverage peak-to-trough decline | -57.60% | -29.82% | -27.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.66% | 13.34% | -0.68% |
Volatility
KGC vs. RGLD - Volatility Comparison
Kinross Gold Corporation (KGC) has a higher volatility of 18.21% compared to Royal Gold, Inc. (RGLD) at 12.33%. This indicates that KGC's price experiences larger fluctuations and is considered to be riskier than RGLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KGC | RGLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.21% | 12.33% | +5.88% |
Volatility (6M)Calculated over the trailing 6-month period | 40.59% | 32.22% | +8.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 51.35% | 39.34% | +12.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.22% | 31.58% | +12.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 47.01% | 33.66% | +13.35% |
Dividends
KGC vs. RGLD - Dividend Comparison
KGC's dividend yield for the trailing twelve months is around 0.57%, less than RGLD's 0.89% 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% |
RGLD Royal Gold, Inc. | 0.89% | 0.81% | 1.21% | 1.24% | 1.24% | 1.14% | 1.05% | 0.87% | 1.17% | 1.17% | 1.45% | 1.81% |
Financials
KGC vs. RGLD - Financials Comparison
This section allows you to compare key financial metrics between Kinross Gold Corporation and Royal Gold, Inc.. 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
KGC vs. RGLD - Profitability Comparison
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%.
RGLD - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Royal Gold, Inc. reported a gross profit of 0.00 and revenue of 469.13M. Therefore, the gross margin over that period was 0.0%.
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%.
RGLD - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Royal Gold, Inc. reported an operating income of 297.09M and revenue of 469.13M, resulting in an operating margin of 63.3%.
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%.
RGLD - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Royal Gold, Inc. reported a net income of 281.13M and revenue of 469.13M, resulting in a net margin of 59.9%.
Frequently Asked Questions
KGC and RGLD have a correlation of 0.77, 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 RGLD (12.33%). In terms of maximum drawdown, KGC dropped -96.00% vs RGLD's -98.29%.
KGC currently has the higher Sharpe Ratio (1.29 vs 0.43), 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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