NRG vs. NGD.TO

Last updated Jun 13, 2026

NRG (NRG Energy, Inc.) and NGD.TO (New Gold Inc.) are both stocks. NRG operates in Utilities - Independent Power Producers (Utilities), while NGD.TO operates in Gold (Basic Materials). At a 0.15 correlation, their price movements are largely independent.

Performance

NRG vs. NGD.TO - Performance Comparison

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

Different Trading Currencies

NRG is traded in USD, while NGD.TO is traded in CAD. To make them comparable, the NGD.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

NRG

• 1D: 1.43%
• 1M: -6.87%
• YTD: -20.72%
• 6M: -21.80%
• 1Y: -16.53%
• 3Y*: 57.21%
• 5Y*: 30.96%
• 10Y*: 26.90%

NGD.TO

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

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

NRG vs. NGD.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NRG NRG Energy, Inc.	-20.72%	78.91%	78.58%	69.36%	-23.47%	18.54%	-2.14%	0.69%	39.59%	133.69%
NGD.TO New Gold Inc.	1.41%	249.08%	72.38%	47.88%	-33.82%	-32.47%	149.40%	14.23%	-76.55%	-5.95%

Correlation

The correlation between NRG and NGD.TO is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.13
Correlation (3Y) Calculated over the trailing 3-year period	0.14
Correlation (5Y) Calculated over the trailing 5-year period	0.17
Correlation (10Y) Calculated over the trailing 10-year period	0.11
Correlation (All Time) Calculated using the full available price history since Apr 21, 2006	0.15

Fundamentals

Market Cap NRG : $26.10B NGD.TO : CA$9.63B
EPS NRG : $1.21 NGD.TO : $1.09
PE Ratio NRG : 103.60 NGD.TO : 7.99
PEG Ratio NRG : 1.56 NGD.TO : 0.01
PS Ratio NRG : 0.76 NGD.TO : 4.65
PB Ratio NRG : 6.18 NGD.TO : 3.61
Total Revenue (TTM) NRG : $32.38B NGD.TO : $1.49B
Gross Profit (TTM) NRG : $4.69B NGD.TO : $767.09M
EBITDA (TTM) NRG : $2.57B NGD.TO : $810.05M

Return for Risk

NRG vs. NGD.TO — Risk / Return Rank

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

NRG

NRG Risk / Return Rank: 25
NRG Sharpe Ratio Rank: 27
NRG Sortino Ratio Rank: 27
NRG Omega Ratio Rank: 27
NRG Calmar Ratio Rank: 27
NRG Martin Ratio Rank: 17

NGD.TO

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

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.

NRG vs. NGD.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NRG Energy, Inc. (NRG) and New Gold Inc. (NGD.TO). 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.

	NRG	NGD.TO	Difference
Sharpe ratio: Return per unit of total volatility	-0.36	—	—
Sortino ratio: Return per unit of downside risk	-0.22	—	—
Omega ratio: Gain probability vs. loss probability	0.97	—	—
Calmar ratio: Return relative to maximum drawdown	-0.47	—	—
Martin ratio: Return relative to average drawdown	-1.16	—	—

Drawdowns

Drawdown Indicators

	NRG	NGD.TO	Difference
Max Drawdown Largest peak-to-trough decline	-79.41%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-34.24%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-34.24%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-34.24%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-48.76%	—	—
Current Drawdown Current decline from peak	-31.61%	—	—
Average Drawdown Average peak-to-trough decline	-27.99%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	13.73%	—	—

Volatility

Volatility by Period

	NRG	NGD.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.26%	—	—
Volatility (6M) Calculated over the trailing 6-month period	35.10%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	44.88%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	40.03%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	39.16%	—	—

Dividends

NRG vs. NGD.TO - Dividend Comparison

NRG's dividend yield for the trailing twelve months is around 1.46%, while NGD.TO has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NGD.TO 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%
NRG NRG Energy, Inc.	1.46%	1.11%	1.81%	2.92%	4.40%	3.02%	3.20%	0.30%	0.30%	0.42%	1.92%	4.93%

Financials

Frequently Asked Questions

Can I hold both NRG and NGD.TO in my portfolio?

NRG and NGD.TO have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.