NGD vs. GAU

Last updated Apr 1, 2026

Compare and contrast key facts about New Gold Inc. (NGD) and Galiano Gold Inc. (GAU).

Performance

NGD vs. GAU - Performance Comparison

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

NGD vs. GAU - 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%
GAU Galiano Gold Inc.	-0.79%	105.69%	30.86%	80.75%	-25.69%	-38.07%	18.95%	48.76%	-9.56%	-76.92%

Fundamentals

Market Cap NGD : $7.24B GAU : $652.06M
EPS NGD : $0.31 GAU : -$0.11
PS Ratio NGD : 5.89 GAU : 1.99
PB Ratio NGD : 5.85 GAU : 2.98
Total Revenue (TTM) NGD : $1.23B GAU : $328.44M
Gross Profit (TTM) NGD : $508.36M GAU : $86.01M
EBITDA (TTM) NGD : $589.77M GAU : $26.60M

Returns By Period

In the year-to-date period, NGD achieves a 4.25% return, which is significantly higher than GAU's -0.79% return. Over the past 10 years, NGD has outperformed GAU with an annualized return of 9.02%, while GAU has yielded a comparatively lower 1.01% annualized return.

NGD

• 1D: 0.00%
• 1M: -32.34%
• YTD: 4.25%
• 6M: 26.46%
• 1Y: 144.74%
• 3Y*: 114.42%
• 5Y*: 38.53%
• 10Y*: 9.02%

GAU

• 1D: 9.13%
• 1M: -28.69%
• YTD: -0.79%
• 6M: 14.61%
• 1Y: 102.42%
• 3Y*: 62.65%
• 5Y*: 16.29%
• 10Y*: 1.01%

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

Return for Risk

NGD vs. GAU — Risk / Return Rank

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

NGD

NGD Risk / Return Rank: 94
NGD Sharpe Ratio Rank: 96
NGD Sortino Ratio Rank: 91
NGD Omega Ratio Rank: 92
NGD Calmar Ratio Rank: 94
NGD Martin Ratio Rank: 96

GAU

GAU Risk / Return Rank: 80
GAU Sharpe Ratio Rank: 81
GAU Sortino Ratio Rank: 78
GAU Omega Ratio Rank: 76
GAU Calmar Ratio Rank: 83
GAU Martin Ratio Rank: 82

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. GAU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for New Gold Inc. (NGD) and Galiano Gold Inc. (GAU). 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	GAU	Difference
Sharpe ratio Return per unit of total volatility	2.74	1.29	+1.45
Sortino ratio Return per unit of downside risk	2.86	1.98	+0.88
Omega ratio Gain probability vs. loss probability	1.41	1.25	+0.16
Calmar ratio Return relative to maximum drawdown	5.21	2.67	+2.54
Martin ratio Return relative to average drawdown	19.02	6.55	+12.47
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 vs. GAU - Sharpe Ratio Comparison

The current NGD Sharpe Ratio is 2.74, which is higher than the GAU Sharpe Ratio of 1.29. The chart below compares the historical Sharpe Ratios of NGD and GAU, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	NGD	GAU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.74	1.29	+1.45
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.62	0.26	+0.36
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.14	0.02	+0.12
Sharpe Ratio (All Time) Calculated using the full available price history	0.03	-0.04	+0.07

Correlation

The correlation between NGD and GAU 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 vs. GAU - Dividend Comparison

Neither NGD nor GAU has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

NGD vs. GAU - Drawdown Comparison

The maximum NGD drawdown since its inception was -96.73%, roughly equal to the maximum GAU drawdown of -96.20%. Use the drawdown chart below to compare losses from any high point for NGD and GAU.

Drawdown Indicators

	NGD	GAU	Difference
Max Drawdown Largest peak-to-trough decline	-96.73%	-96.20%	-0.53%
Max Drawdown (1Y) Largest decline over 1 year	-32.34%	-38.94%	+6.60%
Max Drawdown (5Y) Largest decline over 5 years	-71.98%	-74.10%	+2.12%
Max Drawdown (10Y) Largest decline over 10 years	-92.26%	-92.21%	-0.05%
Current Drawdown Current decline from peak	-35.37%	-73.50%	+38.13%
Average Drawdown Average peak-to-trough decline	-62.74%	-71.25%	+8.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.87%	15.88%	-7.01%

Volatility

NGD vs. GAU - Volatility Comparison

The current volatility for New Gold Inc. (NGD) is 20.12%, while Galiano Gold Inc. (GAU) has a volatility of 22.63%. This indicates that NGD experiences smaller price fluctuations and is considered to be less risky than GAU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NGD	GAU	Difference
Volatility (1M) Calculated over the trailing 1-month period	20.12%	22.63%	-2.51%
Volatility (6M) Calculated over the trailing 6-month period	50.95%	56.35%	-5.40%
Volatility (1Y) Calculated over the trailing 1-year period	63.46%	79.63%	-16.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	62.32%	62.29%	+0.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	65.34%	65.90%	-0.56%

Financials