NEM vs. NGD
NEM (Newmont Goldcorp Corporation) and NGD (New Gold Inc.) are both stocks. Both operate in the Gold industry within the Basic Materials sector. A 0.58 correlation means they provide meaningful diversification when combined.
Performance
NEM vs. NGD - Performance Comparison
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Returns By Period
NEM
- 1D
- -1.85%
- 1M
- -0.56%
- YTD
- 8.10%
- 6M
- 20.40%
- 1Y
- 96.26%
- 3Y*
- 39.72%
- 5Y*
- 11.70%
- 10Y*
- 14.53%
NGD
- 1D
- —
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NEM vs. NGD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NEM Newmont Goldcorp Corporation | 8.10% | 172.82% | -7.83% | -8.76% | -20.77% | 7.40% | 40.28% | 30.52% | -6.15% | 10.91% |
NGD New Gold Inc. | 4.25% | 251.21% | 69.86% | 48.98% | -34.67% | -31.51% | 148.86% | 16.28% | -77.00% | -6.00% |
Correlation
The correlation between NEM and NGD is 0.58, 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 | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.61 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Nov 19, 2004 | 0.58 |
The correlation between NEM and NGD has been stable across timeframes, ranging from 0.58 to 0.63 - a consistent structural relationship.
Fundamentals
NEM:
$6.34
NGD:
$1.61
NEM:
16.96
NGD:
5.64
NEM:
0.44
NGD:
0.01
NEM:
5.18
NGD:
3.30
NEM:
$17.23B
NGD:
$1.46B
NEM:
$8.97B
NGD:
$758.26M
NEM:
$13.78B
NGD:
$1.19B
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Return for Risk
NEM vs. NGD — Risk / Return Rank
NEM
NGD
NEM vs. NGD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Newmont Goldcorp Corporation (NEM) and New Gold Inc. (NGD). 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.
| NEM | NGD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.33 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.55 | — | — |
| Martin ratioReturn relative to average drawdown | 9.72 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| NEM | NGD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.09 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.31 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.41 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.13 | — | — |
Drawdowns
NEM vs. NGD - Drawdown Comparison
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Drawdown Indicators
| NEM | NGD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.30% | — | — |
Max Drawdown (1Y)Largest decline over 1 year | -27.25% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -36.57% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -62.40% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -62.40% | — | — |
Current DrawdownCurrent decline from peak | -18.20% | — | — |
Average DrawdownAverage peak-to-trough decline | -41.39% | — | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.94% | — | — |
Volatility
NEM vs. NGD - Volatility Comparison
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Volatility by Period
| NEM | NGD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.05% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 36.01% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 46.26% | — | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.67% | — | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.50% | — | — |
Dividends
NEM vs. NGD - Dividend Comparison
NEM's dividend yield for the trailing twelve months is around 0.95%, while NGD has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NEM Newmont Goldcorp Corporation | 0.95% | 1.00% | 2.69% | 3.87% | 4.66% | 3.55% | 1.74% | 3.31% | 1.62% | 0.67% | 0.37% | 0.56% |
NGD New Gold Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
NEM vs. NGD - Financials Comparison
This section allows you to compare key financial metrics between Newmont Goldcorp Corporation and New 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
Frequently Asked Questions
NEM and NGD have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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