NGD vs. EGO

Last updated Jun 9, 2026

NGD (New Gold Inc.) and EGO (Eldorado Gold Corporation) are both stocks. Both operate in the Gold industry within the Basic Materials sector. A 0.59 correlation means they provide meaningful diversification when combined.

Performance

NGD vs. EGO - Performance Comparison

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

Returns By Period

NGD

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

EGO

• 1D: 0.95%
• 1M: -12.34%
• YTD: -16.52%
• 6M: -2.86%
• 1Y: 41.91%
• 3Y*: 45.33%
• 5Y*: 21.45%
• 10Y*: 3.08%

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

NGD vs. EGO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NGD New Gold Inc.	4.25%	251.21%	69.86%	48.98%	-34.67%	-31.51%	148.86%	16.28%	-77.00%	-6.00%
EGO Eldorado Gold Corporation	-16.52%	141.56%	14.65%	55.14%	-10.59%	-29.54%	65.26%	178.82%	-59.72%	-55.28%

Correlation

The correlation between NGD and EGO is 0.59, 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	0.59
Correlation (3Y) Calculated over the trailing 3-year period	0.66
Correlation (5Y) Calculated over the trailing 5-year period	0.66
Correlation (10Y) Calculated over the trailing 10-year period	0.59
Correlation (All Time) Calculated using the full available price history since Nov 19, 2004	0.59

The correlation between NGD and EGO has been stable across timeframes, ranging from 0.59 to 0.66 - a consistent structural relationship.

Fundamentals

EPS NGD : $1.61 EGO : $2.83
PE Ratio NGD : 5.64 EGO : 10.57
PEG Ratio NGD : 0.01 EGO : 0.16
PS Ratio NGD : 3.30 EGO : 3.03
Total Revenue (TTM) NGD : $1.46B EGO : $2.00B
Gross Profit (TTM) NGD : $758.26M EGO : $988.83M
EBITDA (TTM) NGD : $1.19B EGO : $1.04B

Return for Risk

NGD vs. EGO — Risk / Return Rank

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

EGO

EGO Risk / Return Rank: 64
EGO Sharpe Ratio Rank: 68
EGO Sortino Ratio Rank: 62
EGO Omega Ratio Rank: 62
EGO Calmar Ratio Rank: 63
EGO Martin Ratio Rank: 64

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 vs. EGO - Risk-Adjusted Trends Comparison

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

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

Sharpe Ratios by Period

	NGD	EGO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.82	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.47	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.06	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.11	—

Drawdowns

Drawdown Indicators

	NGD	EGO	Difference
Max Drawdown Largest peak-to-trough decline	—	-97.49%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-41.89%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-41.89%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-57.70%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-89.45%	—
Current Drawdown Current decline from peak	—	-71.44%	—
Average Drawdown Average peak-to-trough decline	—	-55.68%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	17.77%	—

Volatility

Volatility by Period

	NGD	EGO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	17.23%	—
Volatility (6M) Calculated over the trailing 6-month period	—	43.00%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	51.63%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	45.81%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	55.33%	—

Dividends

NGD vs. EGO - Dividend Comparison

NGD has not paid dividends to shareholders, while EGO's dividend yield for the trailing twelve months is around 0.50%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EGO Eldorado Gold Corporation	0.50%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.40%	0.00%	0.67%
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

Frequently Asked Questions

Can I hold both NGD and EGO in my portfolio?

NGD and EGO have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.