NGD vs. EQX
Compare and contrast key facts about New Gold Inc. (NGD) and Equinox Gold Corp. (EQX).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NGD or EQX.
Key characteristics
| NGD | EQX | |
|---|---|---|
| YTD Return | 24.66% | 13.09% |
| 1Y Return | 41.09% | 11.27% |
| 3Y Return (Ann) | 2.91% | -12.78% |
| 5Y Return (Ann) | 15.18% | 6.17% |
| 10Y Return (Ann) | -9.77% | -11.94% |
| Sharpe Ratio | 0.74 | 0.23 |
| Daily Std Dev | 55.45% | 51.80% |
| Max Drawdown | -96.73% | -91.06% |
| Current Drawdown | -87.05% | -80.47% |
Fundamentals
| NGD | EQX | |
|---|---|---|
| Market Cap | $1.20B | $1.98B |
| EPS | -$0.09 | $0.09 |
| PE Ratio | 10.70 | 66.67 |
| Revenue (TTM) | $786.50M | $1.09B |
| Gross Profit (TTM) | $221.70M | $262.67M |
| EBITDA (TTM) | $289.60M | $240.65M |
Correlation
The correlation between NGD and EQX is 0.38, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
NGD vs. EQX - Performance Comparison
In the year-to-date period, NGD achieves a 24.66% return, which is significantly higher than EQX's 13.09% return. Over the past 10 years, NGD has outperformed EQX with an annualized return of -9.77%, while EQX has yielded a comparatively lower -11.94% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
NGD vs. EQX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for New Gold Inc. (NGD) and Equinox Gold Corp. (EQX). 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.
Dividends
NGD vs. EQX - Dividend Comparison
Neither NGD nor EQX has paid dividends to shareholders.
Drawdowns
NGD vs. EQX - Drawdown Comparison
The maximum NGD drawdown since its inception was -96.73%, which is greater than EQX's maximum drawdown of -91.06%. Use the drawdown chart below to compare losses from any high point for NGD and EQX. For additional features, visit the drawdowns tool.
Volatility
NGD vs. EQX - Volatility Comparison
The current volatility for New Gold Inc. (NGD) is 13.42%, while Equinox Gold Corp. (EQX) has a volatility of 16.98%. This indicates that NGD experiences smaller price fluctuations and is considered to be less risky than EQX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Financials
NGD vs. EQX - Financials Comparison
This section allows you to compare key financial metrics between New Gold Inc. and Equinox Gold Corp.. 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