NGD vs. WDH

Last updated Jun 13, 2026

NGD (New Gold Inc.) and WDH (Waterdrop Inc.) are both stocks. NGD operates in Gold (Basic Materials), while WDH operates in Insurance - Diversified (Financial Services). At a 0.09 correlation, their price movements are largely independent.

Performance

NGD vs. WDH - Performance Comparison

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

Returns By Period

NGD

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

WDH

• 1D: -0.71%
• 1M: -11.39%
• YTD: -24.98%
• 6M: -20.37%
• 1Y: 4.96%
• 3Y*: -14.35%
• 5Y*: -27.99%
• 10Y*: —

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

NGD vs. WDH - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
NGD New Gold Inc.	4.25%	251.21%	69.86%	48.98%	-34.67%	-17.58%
WDH Waterdrop Inc.	-24.98%	66.25%	19.17%	-68.77%	141.30%	-86.54%

Correlation

The correlation between NGD and WDH is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.17
Correlation (3Y) Calculated over the trailing 3-year period	0.06
Correlation (5Y) Calculated over the trailing 5-year period	0.09
Correlation (All Time) Calculated using the full available price history since May 7, 2021	0.09

The correlation between NGD and WDH shifts across timeframes, from 0.06 (3 years) to 0.17 (1 year), reflecting how their relationship changes across market environments.

Fundamentals

EPS NGD : $1.61 WDH : CN¥2.18
PE Ratio NGD : 5.64 WDH : 4.35
PEG Ratio NGD : 0.01 WDH : 0.01
PS Ratio NGD : 3.30 WDH : 0.62
Total Revenue (TTM) NGD : $1.46B WDH : CN¥3.96B
Gross Profit (TTM) NGD : $758.26M WDH : CN¥2.02B
EBITDA (TTM) NGD : $1.19B WDH : CN¥369.70M

Return for Risk

NGD vs. WDH — Risk / Return Rank

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

NGD

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

WDH

WDH Risk / Return Rank: 45
WDH Sharpe Ratio Rank: 46
WDH Sortino Ratio Rank: 45
WDH Omega Ratio Rank: 43
WDH Calmar Ratio Rank: 47
WDH Martin Ratio Rank: 46

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. WDH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for New Gold Inc. (NGD) and Waterdrop Inc. (WDH). 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	WDH	Difference
Sharpe ratio: Return per unit of total volatility	—	0.11	—
Sortino ratio: Return per unit of downside risk	—	0.53	—
Omega ratio: Gain probability vs. loss probability	—	1.06	—
Calmar ratio: Return relative to maximum drawdown	—	0.17	—
Martin ratio: Return relative to average drawdown	—	0.36	—

Drawdowns

Drawdown Indicators

	NGD	WDH	Difference
Max Drawdown Largest peak-to-trough decline	—	-91.12%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-29.00%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-62.60%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-88.67%	—
Current Drawdown Current decline from peak	—	-84.92%	—
Average Drawdown Average peak-to-trough decline	—	-81.15%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	13.81%	—

Volatility

Volatility by Period

	NGD	WDH	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	13.33%	—
Volatility (6M) Calculated over the trailing 6-month period	—	24.40%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	44.58%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	61.87%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	62.73%	—

Dividends

NGD vs. WDH - Dividend Comparison

NGD has not paid dividends to shareholders, while WDH's dividend yield for the trailing twelve months is around 4.29%.

Position	TTM	2025	2024
NGD New Gold Inc.	0.00%	0.00%	0.00%
WDH Waterdrop Inc.	4.29%	2.63%	5.08%

Financials

Frequently Asked Questions

Can I hold both NGD and WDH in my portfolio?

NGD and WDH have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.