NGD vs. SSRM
NGD (New Gold Inc.) and SSRM (SSR Mining Inc.) 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. SSRM - Performance Comparison
Loading charts...
Returns By Period
NGD
- 1D
- —
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SSRM
- 1D
- 3.46%
- 1M
- -21.64%
- YTD
- 24.22%
- 6M
- 22.60%
- 1Y
- 119.07%
- 3Y*
- 25.15%
- 5Y*
- 9.84%
- 10Y*
- 9.58%
NGD vs. SSRM - 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% |
SSRM SSR Mining Inc. | 24.22% | 214.94% | -35.32% | -29.94% | -10.02% | -10.90% | 4.41% | 59.31% | 37.54% | -1.46% |
Correlation
The correlation between NGD and SSRM is 0.57, 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 | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Nov 18, 2004 | 0.59 |
The correlation between NGD and SSRM has been stable across timeframes, ranging from 0.57 to 0.60 - a consistent structural relationship.
Fundamentals
NGD:
$1.61
SSRM:
$3.27
NGD:
5.64
SSRM:
8.34
NGD:
0.01
SSRM:
0.13
NGD:
3.30
SSRM:
3.11
NGD:
$1.46B
SSRM:
$1.90B
NGD:
$758.26M
SSRM:
$643.76M
NGD:
$1.19B
SSRM:
$835.27M
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
NGD vs. SSRM — Risk / Return Rank
NGD
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SSRM
NGD vs. SSRM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for New Gold Inc. (NGD) and SSR Mining Inc. (SSRM). 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 | SSRM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.30 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.83 | — |
| Martin ratioReturn relative to average drawdown | — | 9.89 | — |
Loading charts...
Drawdowns
NGD vs. SSRM - Drawdown Comparison
Loading charts...
Drawdown Indicators
| NGD | SSRM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | — | -91.68% | — |
Max Drawdown (1Y)Largest decline over 1 year | — | -31.28% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -73.41% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -83.16% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -83.16% | — |
Current DrawdownCurrent decline from peak | — | -37.45% | — |
Average DrawdownAverage peak-to-trough decline | — | -57.15% | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 12.09% | — |
Volatility
NGD vs. SSRM - Volatility Comparison
Loading charts...
Volatility by Period
| NGD | SSRM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 19.31% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 54.27% | — |
Volatility (1Y)Calculated over the trailing 1-year period | — | 66.63% | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | — | 55.93% | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | — | 52.96% | — |
Dividends
NGD vs. SSRM - Dividend Comparison
Neither NGD nor SSRM has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
NGD New Gold Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SSRM SSR Mining Inc. | 0.00% | 0.00% | 0.00% | 2.60% | 1.79% | 1.13% |
Financials
NGD vs. SSRM - Financials Comparison
This section allows you to compare key financial metrics between New Gold Inc. and SSR Mining Inc.. 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 SSRM have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for NGD and SSRM
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer