LUG.TO vs. GFI
LUG.TO (Lundin Gold Inc.) and GFI (Gold Fields Limited) are both stocks. Both operate in the Gold industry within the Basic Materials sector. Over the past 10 years, LUG.TO returned 32.69%/yr vs 28.56%/yr for GFI. At a 0.30 correlation, their price movements are largely independent.
Performance
LUG.TO vs. GFI - Performance Comparison
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Different Trading Currencies
LUG.TO is traded in CAD, while GFI is traded in USD. To make them comparable, the GFI values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, LUG.TO achieves a -26.40% return, which is significantly lower than GFI's -12.13% return. Over the past 10 years, LUG.TO has outperformed GFI with an annualized return of 32.69%, while GFI has yielded a comparatively lower 28.56% annualized return.
LUG.TO
- 1D
- 1.08%
- 1M
- -14.30%
- YTD
- -26.40%
- 6M
- -24.67%
- 1Y
- 17.51%
- 3Y*
- 79.74%
- 5Y*
- 53.19%
- 10Y*
- 32.69%
GFI
- 1D
- 1.96%
- 1M
- -16.77%
- YTD
- -12.13%
- 6M
- -12.30%
- 1Y
- 53.94%
- 3Y*
- 41.32%
- 5Y*
- 35.93%
- 10Y*
- 28.56%
LUG.TO vs. GFI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LUG.TO Lundin Gold Inc. | -26.40% | 291.22% | 91.60% | 29.55% | 30.60% | -4.67% | 31.21% | 66.93% | 10.15% | -13.88% |
GFI Gold Fields Limited | -12.13% | 224.88% | 1.67% | 41.45% | 3.56% | 23.27% | 39.63% | 81.66% | -9.75% | 35.46% |
Correlation
The correlation between LUG.TO and GFI is 0.68, 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 | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Aug 24, 2007 | 0.30 |
Over the past year, LUG.TO and GFI have become more correlated (0.68) than their long-term average of 0.30, meaning their price movements have been converging.
Fundamentals
LUG.TO:
CA$18.65B
GFI:
$32.65B
LUG.TO:
$3.77
GFI:
$5.39
LUG.TO:
14.57
GFI:
6.78
LUG.TO:
0.19
GFI:
0.11
LUG.TO:
6.66
GFI:
2.34
LUG.TO:
9.79
GFI:
3.87
LUG.TO:
$2.00B
GFI:
$13.98B
LUG.TO:
$1.41B
GFI:
$7.34B
LUG.TO:
$1.43B
GFI:
$8.04B
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Return for Risk
LUG.TO vs. GFI — Risk / Return Rank
LUG.TO
GFI
LUG.TO vs. GFI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lundin Gold Inc. (LUG.TO) 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.
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.
| LUG.TO | GFI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.59 | ||
| Sortino ratioReturn per unit of downside risk | -0.68 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.19 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 0.46 | 1.28 | -0.81 |
| Martin ratioReturn relative to average drawdown | 1.23 | 3.35 | -2.12 |
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Drawdowns
LUG.TO vs. GFI - Drawdown Comparison
The maximum LUG.TO drawdown since its inception was -94.74%, which is greater than GFI's maximum drawdown of -84.25%. Use the drawdown chart below to compare losses from any high point for LUG.TO and GFI.
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Drawdown Indicators
| LUG.TO | GFI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.74% | -84.25% | -10.49% |
Max Drawdown (1Y)Largest decline over 1 year | -37.89% | -42.41% | +4.52% |
Max Drawdown (3Y)Largest decline over 3 years | -37.89% | -42.41% | +4.52% |
Max Drawdown (5Y)Largest decline over 5 years | -38.94% | -53.92% | +14.98% |
Max Drawdown (10Y)Largest decline over 10 years | -41.84% | -62.96% | +21.12% |
Current DrawdownCurrent decline from peak | -34.73% | -37.15% | +2.42% |
Average DrawdownAverage peak-to-trough decline | -67.67% | -40.22% | -27.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.24% | 16.12% | -1.88% |
Volatility
LUG.TO vs. GFI - Volatility Comparison
Lundin Gold Inc. (LUG.TO) and Gold Fields Limited (GFI) have volatilities of 17.86% and 17.89%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LUG.TO | GFI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.86% | 17.89% | -0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 42.07% | 46.33% | -4.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.97% | 59.83% | -3.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 46.54% | 52.85% | -6.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 43.40% | 55.28% | -11.88% |
Dividends
LUG.TO vs. GFI - Dividend Comparison
LUG.TO's dividend yield for the trailing twelve months is around 6.79%, more than GFI's 5.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GFI Gold Fields Limited | 5.04% | 1.77% | 2.94% | 2.87% | 3.40% | 3.24% | 1.72% | 0.81% | 1.61% | 1.41% | 1.35% | 0.60% |
LUG.TO Lundin Gold Inc. | 6.79% | 3.35% | 2.69% | 3.26% | 1.97% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
LUG.TO vs. GFI - Financials Comparison
This section allows you to compare key financial metrics between Lundin Gold Inc. and Gold Fields Limited. 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
LUG.TO vs. GFI - Profitability Comparison
LUG.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Lundin Gold Inc. reported a gross profit of 420.70M and revenue of 567.38M. Therefore, the gross margin over that period was 74.2%.
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%.
LUG.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Lundin Gold Inc. reported an operating income of 391.03M and revenue of 567.38M, resulting in an operating margin of 68.9%.
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%.
LUG.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Lundin Gold Inc. reported a net income of 273.33M and revenue of 567.38M, resulting in a net margin of 48.2%.
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
LUG.TO and GFI have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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