NGD vs. NEM
NGD (New Gold Inc.) and NEM (Newmont Corporation) are both stocks. Both operate in the Gold industry within the Basic Materials sector. Their 0.58 correlation means they have sometimes moved together and sometimes differently.
Performance
NGD vs. NEM - Performance Comparison
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Returns By Period
NGD
- 1D
- —
- 1M
- —
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
NEM
- 1D
- -2.14%
- 1M
- -3.43%
- 6M
- -16.23%
- YTD
- -5.74%
- 1Y
- 51.31%
- 3Y*
- 33.89%
- 5Y*
- 11.52%
- 10Y*
- 10.07%
- ALL TIME*
- 4.83%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $671.95M | $683.19M | $803.32M |
NGD vs. NEM - 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% |
NEM Newmont Corporation | -5.74% | 172.82% | -7.83% | -8.76% | -20.77% | 7.40% | 40.28% | 30.52% | -6.15% | 10.91% |
Correlation
The correlation between NGD and NEM is 0.53, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.53 |
Correlation (3Y) Balances recent behavior with more history. | 0.61 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.60 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.57 |
Correlation (All Time) Calculated using the full available price history since Nov 18, 2004 | 0.58 |
The correlation between NGD and NEM has been stable across timeframes, ranging from 0.53 to 0.61 - a consistent structural relationship.
Fundamentals
NGD:
$1.61
NEM:
$7.88
NGD:
5.64
NEM:
11.89
NGD:
0.01
NEM:
0.31
NGD:
3.30
NEM:
5.34
NGD:
$1.46B
NEM:
$19.13B
NGD:
$758.26M
NEM:
$10.94B
NGD:
$1.19B
NEM:
$14.81B
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Return for Risk
NGD vs. NEM — Risk / Return Rank
NGD
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
NEM
NGD vs. NEM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for New Gold Inc. (NGD) and Newmont Corporation (NEM). 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 | NEM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.21 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.64 | — |
| Martin ratioReturn relative to average drawdown | — | 3.61 | — |
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Drawdowns
NGD vs. NEM - Drawdown Comparison
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Drawdown Indicators
| NGD | NEM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | — | -81.30% | — |
Max Drawdown (1Y)Largest decline over 1 year | — | -32.10% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -36.57% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -62.40% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -62.40% | — |
Current DrawdownCurrent decline from peak | — | -28.67% | — |
Average DrawdownAverage peak-to-trough decline | — | -41.33% | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 14.57% | — |
Volatility
NGD vs. NEM - Volatility Comparison
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Volatility by Period
| NGD | NEM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 11.58% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 37.40% | — |
Volatility (1Y)Calculated over the trailing 1-year period | — | 47.45% | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | — | 38.35% | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | — | 35.74% | — |
Dividends
NGD vs. NEM - Dividend Comparison
NGD has not paid dividends to shareholders, while NEM's dividend yield for the trailing twelve months is around 1.09%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NEM Newmont Corporation | 1.09% | 1.00% | 2.69% | 3.87% | 4.66% | 3.55% | 1.74% | 3.31% | 1.62% | 0.67% | 0.37% | 0.56% |
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
NGD vs. NEM - Financials Comparison
This section allows you to compare key financial metrics between New Gold Inc. and Newmont 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.
Total Revenue: Total amount of money received from sales and other business activities
Frequently Asked Questions
NGD and NEM have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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