NGD.TO vs. BBY.L

Last updated Jun 13, 2026

NGD.TO (New Gold Inc.) and BBY.L (Balfour Beatty plc) are both stocks. NGD.TO operates in Gold (Basic Materials), while BBY.L operates in Engineering & Construction (Industrials). At a 0.12 correlation, their price movements are largely independent.

Performance

NGD.TO vs. BBY.L - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in New Gold Inc. (NGD.TO) and Balfour Beatty plc (BBY.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

NGD.TO is traded in CAD, while BBY.L is traded in GBp. To make them comparable, the BBY.L values have been converted to CAD using the latest available exchange rates.

Returns By Period

NGD.TO

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BBY.L

• 1D: 2.28%
• 1M: 2.38%
• YTD: 21.27%
• 6M: 21.81%
• 1Y: 74.34%
• 3Y*: 40.67%
• 5Y*: 28.48%
• 10Y*: 16.83%

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

NGD.TO vs. BBY.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NGD.TO New Gold Inc.	1.67%	233.15%	86.98%	44.36%	-29.63%	-32.50%	143.48%	9.52%	-74.58%	-12.31%
BBY.L Balfour Beatty plc	21.27%	64.36%	50.87%	3.87%	26.74%	-2.33%	5.93%	6.93%	-12.93%	14.00%

Correlation

The correlation between NGD.TO and BBY.L is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.23
Correlation (3Y) Calculated over the trailing 3-year period	0.23
Correlation (5Y) Calculated over the trailing 5-year period	0.23
Correlation (10Y) Calculated over the trailing 10-year period	0.12
Correlation (All Time) Calculated using the full available price history since Jul 11, 2007	0.12

The correlation between NGD.TO and BBY.L shifts across timeframes, from 0.12 (all time) to 0.23 (1 year), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap NGD.TO : CA$9.63B BBY.L : £4.19B
EPS NGD.TO : $1.09 BBY.L : £0.87
PE Ratio NGD.TO : 7.99 BBY.L : 9.64
PEG Ratio NGD.TO : 0.01 BBY.L : 0.25
PS Ratio NGD.TO : 4.65 BBY.L : 0.24
PB Ratio NGD.TO : 3.61 BBY.L : 3.67
Total Revenue (TTM) NGD.TO : $1.49B BBY.L : £17.72B
Gross Profit (TTM) NGD.TO : $767.09M BBY.L : £872.00M
EBITDA (TTM) NGD.TO : $810.05M BBY.L : £509.00M

Return for Risk

NGD.TO vs. BBY.L — Risk / Return Rank

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

NGD.TO

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

BBY.L

BBY.L Risk / Return Rank: 95
BBY.L Sharpe Ratio Rank: 96
BBY.L Sortino Ratio Rank: 96
BBY.L Omega Ratio Rank: 94
BBY.L Calmar Ratio Rank: 94
BBY.L Martin Ratio Rank: 97

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.

NGD.TO vs. BBY.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for New Gold Inc. (NGD.TO) and Balfour Beatty plc (BBY.L). 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.

	NGD.TO	BBY.L	Difference
Sharpe ratio: Return per unit of total volatility	—	2.81	—
Sortino ratio: Return per unit of downside risk	—	3.77	—
Omega ratio: Gain probability vs. loss probability	—	1.46	—
Calmar ratio: Return relative to maximum drawdown	—	5.47	—
Martin ratio: Return relative to average drawdown	—	21.96	—

Drawdowns

Drawdown Indicators

	NGD.TO	BBY.L	Difference
Max Drawdown Largest peak-to-trough decline	—	-55.66%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-12.52%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-17.64%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-34.01%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-41.20%	—
Current Drawdown Current decline from peak	—	-2.04%	—
Average Drawdown Average peak-to-trough decline	—	-20.75%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.13%	—

Volatility

Volatility by Period

	NGD.TO	BBY.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	7.55%	—
Volatility (6M) Calculated over the trailing 6-month period	—	19.89%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	24.45%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	26.22%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	30.31%	—

Dividends

NGD.TO vs. BBY.L - Dividend Comparison

NGD.TO has not paid dividends to shareholders, while BBY.L's dividend yield for the trailing twelve months is around 1.67%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
BBY.L Balfour Beatty plc	1.67%	1.81%	2.59%	3.17%	2.81%	1.72%	1.59%	2.03%	1.60%	1.01%	0.33%
NGD.TO 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%

Financials

Frequently Asked Questions

Can I hold both NGD.TO and BBY.L in my portfolio?

NGD.TO and BBY.L have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.