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NGD.TO vs. OGC.TO
Performance
Return for Risk
Dividends
Drawdowns
Volatility
Financials

NGD.TO vs. OGC.TO

Last updated Apr 1, 2026

Compare and contrast key facts about New Gold Inc. (NGD.TO) and OceanaGold Corporation (OGC.TO).

Performance

NGD.TO vs. OGC.TO - Performance Comparison

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

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NGD.TO vs. OGC.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
OGC.TO
OceanaGold Corporation		13.01%228.81%58.12%-0.52%17.27%-10.57%-3.53%-48.64%55.76%-16.79%

Fundamentals

Market Cap

NGD.TO:

CA$9.63B

OGC.TO:

CA$10.12B

EPS

NGD.TO:

CA$1.09

OGC.TO:

CA$1.14

PE Ratio

NGD.TO:

11.16

OGC.TO:

38.31

PEG Ratio

NGD.TO:

0.02

OGC.TO:

0.08

PS Ratio

NGD.TO:

6.49

OGC.TO:

12.76

PB Ratio

NGD.TO:

5.04

OGC.TO:

4.47

Total Revenue (TTM)

NGD.TO:

CA$1.49B

OGC.TO:

CA$1.90B

Gross Profit (TTM)

NGD.TO:

CA$767.09M

OGC.TO:

CA$1.06B

EBITDA (TTM)

NGD.TO:

CA$810.05M

OGC.TO:

CA$1.01B

Returns By Period

In the year-to-date period, NGD.TO achieves a 1.67% return, which is significantly lower than OGC.TO's 13.01% return. Over the past 10 years, NGD.TO has underperformed OGC.TO with an annualized return of 10.00%, while OGC.TO has yielded a comparatively higher 15.83% annualized return.

NGD.TO

1D
0.00%
1M
-33.62%
YTD
1.67%
6M
21.97%
1Y
128.57%
3Y*
106.05%
5Y*
42.91%
10Y*
10.00%

OGC.TO

1D
5.28%
1M
-24.22%
YTD
13.01%
6M
48.15%
1Y
206.98%
3Y*
64.83%
5Y*
51.02%
10Y*
15.83%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

New Gold Inc.

OceanaGold Corporation

Often compared with NGD.TO:
NGD.TO vs. GDXNGD.TO vs. NGT.TONGD.TO vs. SBI.TONGD.TO vs. CPRXNGD.TO vs. NGDNGD.TO vs. DPM.TONGD.TO vs. GDXJ
Often compared with OGC.TO:
OGC.TO vs. EFR.TOOGC.TO vs. TFPMOGC.TO vs. RYOGC.TO vs. GDMNOGC.TO vs. KILO.TOOGC.TO vs. EMXOGC.TO vs. XGD.TO

Return for Risk

NGD.TO vs. OGC.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
NGD.TO
NGD.TO Risk / Return Rank: 9393
Overall Rank
NGD.TO Sharpe Ratio Rank: 9595
Sharpe Ratio Rank
NGD.TO Sortino Ratio Rank: 9090
Sortino Ratio Rank
NGD.TO Omega Ratio Rank: 9191
Omega Ratio Rank
NGD.TO Calmar Ratio Rank: 9393
Calmar Ratio Rank
NGD.TO Martin Ratio Rank: 9696
Martin Ratio Rank
OGC.TO
OGC.TO Risk / Return Rank: 9797
Overall Rank
OGC.TO Sharpe Ratio Rank: 9999
Sharpe Ratio Rank
OGC.TO Sortino Ratio Rank: 9696
Sortino Ratio Rank
OGC.TO Omega Ratio Rank: 9696
Omega Ratio Rank
OGC.TO Calmar Ratio Rank: 9696
Calmar Ratio Rank
OGC.TO Martin Ratio Rank: 9898
Martin Ratio Rank
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. OGC.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for New Gold Inc. (NGD.TO) and OceanaGold Corporation (OGC.TO). 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.

NGD.TOOGC.TODifference

Sharpe ratio

Return per unit of total volatility

2.60

4.14

-1.53

Sortino ratio

Return per unit of downside risk

2.81

3.76

-0.95

Omega ratio

Gain probability vs. loss probability

1.41

1.53

-0.13

Calmar ratio

Return relative to maximum drawdown

4.56

6.71

-2.15

Martin ratio

Return relative to average drawdown

17.34

24.51

-7.17

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NGD.TO vs. OGC.TO - Sharpe Ratio Comparison

The current NGD.TO Sharpe Ratio is 2.60, which is lower than the OGC.TO Sharpe Ratio of 4.14. The chart below compares the historical Sharpe Ratios of NGD.TO and OGC.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

NGD.TOOGC.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.60

4.14

-1.53

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.71

1.03

-0.32

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.16

0.30

-0.14

Sharpe Ratio (All Time)

Calculated using the full available price history

0.01

0.00

+0.01

Correlation

The correlation between NGD.TO and OGC.TO is 0.49, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

NGD.TO vs. OGC.TO - Dividend Comparison

NGD.TO has not paid dividends to shareholders, while OGC.TO's dividend yield for the trailing twelve months is around 0.57%.

TTM20252024202320222021202020192018201720162015
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%0.00%
OGC.TO
OceanaGold Corporation		0.57%0.43%0.68%1.10%0.00%0.00%0.00%0.51%0.78%0.80%1.38%1.89%

Drawdowns

NGD.TO vs. OGC.TO - Drawdown Comparison

The maximum NGD.TO drawdown since its inception was -98.39%, roughly equal to the maximum OGC.TO drawdown of -95.74%. Use the drawdown chart below to compare losses from any high point for NGD.TO and OGC.TO.

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Drawdown Indicators

NGD.TOOGC.TODifference

Max Drawdown

Largest peak-to-trough decline

-98.39%

-95.74%

-2.65%

Max Drawdown (1Y)

Largest decline over 1 year

-35.75%

-31.60%

-4.15%

Max Drawdown (5Y)

Largest decline over 5 years

-69.29%

-46.87%

-22.42%

Max Drawdown (10Y)

Largest decline over 10 years

-91.12%

-77.77%

-13.35%

Current Drawdown

Current decline from peak

-71.56%

-24.49%

-47.07%

Average Drawdown

Average peak-to-trough decline

-80.86%

-38.25%

-42.61%

Ulcer Index

Depth and duration of drawdowns from previous peaks

9.41%

8.66%

+0.75%

Volatility

NGD.TO vs. OGC.TO - Volatility Comparison

New Gold Inc. (NGD.TO) has a higher volatility of 20.35% compared to OceanaGold Corporation (OGC.TO) at 16.48%. This indicates that NGD.TO's price experiences larger fluctuations and is considered to be riskier than OGC.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

NGD.TOOGC.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

20.35%

16.48%

+3.87%

Volatility (6M)

Calculated over the trailing 6-month period

50.26%

40.53%

+9.73%

Volatility (1Y)

Calculated over the trailing 1-year period

62.83%

50.36%

+12.47%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

60.65%

49.78%

+10.87%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

63.57%

52.74%

+10.83%

Financials

NGD.TO vs. OGC.TO - Financials Comparison

This section allows you to compare key financial metrics between New Gold Inc. and OceanaGold 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.

Quarterly
Annual

Total Revenue: Total amount of money received from sales and other business activities

100.00M200.00M300.00M400.00M500.00M600.00M700.00MAprilJulyOctober2022AprilJulyOctober2023AprilJulyOctober2024AprilJulyOctober2025AprilJulyOctober
523.32M
662.43M
(NGD.TO) Total Revenue
(OGC.TO) Total Revenue
Values in CAD except per share items