OGC.TO vs. ARIS

Last updated Jul 11, 2026

OGC.TO (OceanaGold Corporation) and ARIS (Aris Water Solutions, Inc.) are both stocks. OGC.TO operates in Gold (Basic Materials), while ARIS operates in Utilities - Regulated Water (Utilities). Over the past 3 years, OGC.TO returned 65.79%/yr vs 86.11%/yr for ARIS. A 0.55 correlation means they provide meaningful diversification when combined.

Performance

OGC.TO vs. ARIS - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in OceanaGold Corporation (OGC.TO) and Aris Water Solutions, Inc. (ARIS). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

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

Returns By Period

In the year-to-date period, OGC.TO achieves a -9.52% return, which is significantly lower than ARIS's -7.23% return.

OGC.TO

• 1D: -0.65%
• 1M: -0.51%
• 6M: -16.65%
• YTD: -9.52%
• 1Y: 80.78%
• 3Y*: 65.79%
• 5Y*: 38.13%
• 10Y*: 8.68%

ARIS

• 1D: -1.32%
• 1M: -2.09%
• 6M: -10.72%
• YTD: -7.23%
• 1Y: 114.18%
• 3Y*: 86.11%
• 5Y*: —
• 10Y*: —

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

OGC.TO vs. ARIS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
OGC.TO OceanaGold Corporation	-9.52%	227.48%	57.16%	-1.22%	17.27%	-2.65%
ARIS Aris Water Solutions, Inc.	-7.23%	342.54%	15.57%	28.79%	-35.77%	4.40%

Correlation

The correlation between OGC.TO and ARIS is 0.63, 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	0.63
Correlation (3Y) Calculated over the trailing 3-year period	0.55
Correlation (All Time) Calculated using the full available price history since Oct 22, 2021	0.55

The correlation between OGC.TO and ARIS has been stable across timeframes, ranging from 0.55 to 0.63 - a consistent structural relationship.

Fundamentals

Market Cap OGC.TO : CA$7.83B ARIS : $3.01B
EPS OGC.TO : $1.94 ARIS : $0.85
PE Ratio OGC.TO : 12.74 ARIS : 17.19
PEG Ratio OGC.TO : 0.03 ARIS : 0.34
PS Ratio OGC.TO : 4.30 ARIS : 2.61
PB Ratio OGC.TO : 2.34 ARIS : 1.94
Total Revenue (TTM) OGC.TO : $2.25B ARIS : $1.14B
Gross Profit (TTM) OGC.TO : $1.24B ARIS : $612.94M
EBITDA (TTM) OGC.TO : $1.22B ARIS : $432.53M

Return for Risk

OGC.TO vs. ARIS — Risk / Return Rank

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

OGC.TO

OGC.TO Risk / Return Rank: 81
OGC.TO Sharpe Ratio Rank: 87
OGC.TO Sortino Ratio Rank: 80
OGC.TO Omega Ratio Rank: 79
OGC.TO Calmar Ratio Rank: 79
OGC.TO Martin Ratio Rank: 78

ARIS

ARIS Risk / Return Rank: 89
ARIS Sharpe Ratio Rank: 93
ARIS Sortino Ratio Rank: 85
ARIS Omega Ratio Rank: 86
ARIS Calmar Ratio Rank: 90
ARIS Martin Ratio Rank: 91

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.

OGC.TO vs. ARIS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for OceanaGold Corporation (OGC.TO) and Aris Water Solutions, Inc. (ARIS). 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.

	OGC.TO	ARIS	Difference
Sharpe ratio: Return per unit of total volatility	1.60	2.30	-0.70
Sortino ratio: Return per unit of downside risk	2.02	2.49	-0.48
Omega ratio: Gain probability vs. loss probability	1.26	1.34	-0.08
Calmar ratio: Return relative to maximum drawdown	1.98	4.19	-2.21
Martin ratio: Return relative to average drawdown	4.65	11.29	-6.64

OGC.TO vs. ARIS - Sharpe Ratio Comparison

The current OGC.TO Sharpe Ratio is 1.60, which is lower than the ARIS Sharpe Ratio of 2.30. The chart below compares the historical Sharpe Ratios of OGC.TO and ARIS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

OGC.TO vs. ARIS - Drawdown Comparison

The maximum OGC.TO drawdown since its inception was -96.53%, which is greater than ARIS's maximum drawdown of -54.73%. Use the drawdown chart below to compare losses from any high point for OGC.TO and ARIS.

Drawdown Indicators

	OGC.TO	ARIS	Difference
Max Drawdown Largest peak-to-trough decline	-96.53%	-54.73%	-41.80%
Max Drawdown (1Y) Largest decline over 1 year	-42.13%	-33.51%	-8.62%
Max Drawdown (3Y) Largest decline over 3 years	-42.13%	-33.51%	-8.62%
Max Drawdown (5Y) Largest decline over 5 years	-46.87%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-76.17%	—	—
Current Drawdown Current decline from peak	-39.54%	-30.91%	-8.63%
Average Drawdown Average peak-to-trough decline	-40.05%	-20.78%	-19.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.88%	11.66%	+6.22%

Volatility

OGC.TO vs. ARIS - Volatility Comparison

The current volatility for OceanaGold Corporation (OGC.TO) is 15.11%, while Aris Water Solutions, Inc. (ARIS) has a volatility of 21.71%. This indicates that OGC.TO experiences smaller price fluctuations and is considered to be less risky than ARIS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OGC.TO	ARIS	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.11%	21.71%	-6.60%
Volatility (6M) Calculated over the trailing 6-month period	42.03%	47.86%	-5.83%
Volatility (1Y) Calculated over the trailing 1-year period	51.98%	60.98%	-9.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	50.00%	53.42%	-3.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	52.57%	53.42%	-0.85%

Dividends

OGC.TO vs. ARIS - Dividend Comparison

OGC.TO's dividend yield for the trailing twelve months is around 0.94%, while ARIS has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ARIS Aris Water Solutions, Inc.	0.00%	0.00%	0.00%	0.00%	3.84%	0.85%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
OGC.TO OceanaGold Corporation	0.94%	0.29%	0.23%	0.36%	0.00%	0.00%	0.00%	0.18%	0.26%	0.27%	0.46%	0.63%

Financials

OGC.TO vs. ARIS - Profitability Comparison

The chart below illustrates the profitability comparison between OceanaGold Corporation and Aris Water Solutions, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

OGC.TO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, OceanaGold Corporation reported a gross profit of 397.08M and revenue of 702.79M. Therefore, the gross margin over that period was 56.5%.

ARIS - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Aris Water Solutions, Inc. reported a gross profit of 217.03M and revenue of 372.48M. Therefore, the gross margin over that period was 58.3%.

OGC.TO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, OceanaGold Corporation reported an operating income of 330.79M and revenue of 702.79M, resulting in an operating margin of 47.1%.

ARIS - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Aris Water Solutions, Inc. reported an operating income of 179.05M and revenue of 372.48M, resulting in an operating margin of 48.1%.

OGC.TO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, OceanaGold Corporation reported a net income of 224.66M and revenue of 702.79M, resulting in a net margin of 32.0%.

ARIS - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Aris Water Solutions, Inc. reported a net income of 97.61M and revenue of 372.48M, resulting in a net margin of 26.2%.

Frequently Asked Questions

Can I hold both OGC.TO and ARIS in my portfolio?

OGC.TO and ARIS have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.