NGD vs. NEM
Compare and contrast key facts about New Gold Inc. (NGD) and Newmont Goldcorp Corporation (NEM).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NGD or NEM.
Correlation
The correlation between NGD and NEM is 0.58, 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.
Performance
NGD vs. NEM - Performance Comparison
Key characteristics
NGD:
2.01
NEM:
1.26
NGD:
2.61
NEM:
1.75
NGD:
1.32
NEM:
1.26
NGD:
1.27
NEM:
0.91
NGD:
10.77
NEM:
2.67
NGD:
10.37%
NEM:
17.90%
NGD:
55.49%
NEM:
38.06%
NGD:
-96.73%
NEM:
-77.55%
NGD:
-74.09%
NEM:
-28.50%
Fundamentals
NGD:
$2.89B
NEM:
$62.09B
NGD:
$0.14
NEM:
$2.86
NGD:
26.00
NEM:
19.26
NGD:
-2.09
NEM:
0.79
NGD:
3.12
NEM:
3.32
NGD:
2.74
NEM:
2.07
NGD:
$725.86M
NEM:
$14.64B
NGD:
$204.19M
NEM:
$5.41B
NGD:
$322.16M
NEM:
$6.55B
Returns By Period
The year-to-date returns for both investments are quite close, with NGD having a 46.77% return and NEM slightly higher at 48.86%. Over the past 10 years, NGD has underperformed NEM with an annualized return of 0.69%, while NEM has yielded a comparatively higher 11.51% annualized return.
NGD
46.77%
7.69%
20.13%
108.00%
39.60%
0.69%
NEM
48.86%
14.77%
-3.27%
46.16%
1.80%
11.51%
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Risk-Adjusted Performance
NGD vs. NEM — Risk-Adjusted Performance Rank
NGD
NEM
NGD vs. NEM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for New Gold Inc. (NGD) and Newmont Goldcorp 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.
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 1.82%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
NEM Newmont Goldcorp Corporation | 1.82% | 2.69% | 3.87% | 4.66% | 3.55% | 1.74% | 3.31% | 1.62% | 0.67% | 0.37% | 0.56% | 1.19% |
Drawdowns
NGD vs. NEM - Drawdown Comparison
The maximum NGD drawdown since its inception was -96.73%, which is greater than NEM's maximum drawdown of -77.55%. Use the drawdown chart below to compare losses from any high point for NGD and NEM. For additional features, visit the drawdowns tool.
Volatility
NGD vs. NEM - Volatility Comparison
New Gold Inc. (NGD) has a higher volatility of 22.23% compared to Newmont Goldcorp Corporation (NEM) at 15.77%. This indicates that NGD's price experiences larger fluctuations and is considered to be riskier than NEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Financials
NGD vs. NEM - Financials Comparison
This section allows you to compare key financial metrics between New Gold Inc. and Newmont Goldcorp 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