OGC.TO vs. DPM.TO

Last updated Jun 4, 2026

OGC.TO (OceanaGold Corporation) and DPM.TO (Dundee Precious Metals Inc.) are both stocks. Both operate in the Gold industry within the Basic Materials sector. Over the past 10 years, OGC.TO returned 12.37%/yr vs 34.90%/yr for DPM.TO. At a 0.45 correlation, their price movements are largely independent.

Performance

OGC.TO vs. DPM.TO - Performance Comparison

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

Returns By Period

In the year-to-date period, OGC.TO achieves a 0.41% return, which is significantly lower than DPM.TO's 11.95% return. Over the past 10 years, OGC.TO has underperformed DPM.TO with an annualized return of 12.37%, while DPM.TO has yielded a comparatively higher 34.90% annualized return.

OGC.TO

• 1D: -3.62%
• 1M: -4.04%
• YTD: 0.41%
• 6M: 12.17%
• 1Y: 103.74%
• 3Y*: 66.07%
• 5Y*: 39.24%
• 10Y*: 12.37%

DPM.TO

• 1D: 3.18%
• 1M: 7.21%
• YTD: 11.95%
• 6M: 21.70%
• 1Y: 115.02%
• 3Y*: 74.02%
• 5Y*: 44.15%
• 10Y*: 34.90%

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

OGC.TO vs. DPM.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
OGC.TO OceanaGold Corporation	0.41%	228.81%	58.12%	-0.52%	17.27%	-10.57%	-3.53%	-48.64%	55.76%	-16.79%
DPM.TO Dundee Precious Metals Inc.	11.95%	228.58%	56.68%	33.46%	-13.25%	-12.83%	66.69%	55.00%	20.00%	33.33%

Correlation

The correlation between OGC.TO and DPM.TO is 0.70, 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	0.70
Correlation (3Y) Calculated over the trailing 3-year period	0.61
Correlation (5Y) Calculated over the trailing 5-year period	0.63
Correlation (10Y) Calculated over the trailing 10-year period	0.51
Correlation (All Time) Calculated using the full available price history since Jun 28, 2007	0.45

Over the past year, OGC.TO and DPM.TO have become more correlated (0.70) than their long-term average of 0.45, meaning their price movements have been converging.

Fundamentals

Market Cap OGC.TO : CA$8.80B DPM.TO : CA$10.49B
EPS OGC.TO : CA$1.61 DPM.TO : CA$2.55
PE Ratio OGC.TO : 24.16 DPM.TO : 18.57
PEG Ratio OGC.TO : 0.05 DPM.TO : 0.19
PS Ratio OGC.TO : 8.16 DPM.TO : 8.75
PB Ratio OGC.TO : 3.68 DPM.TO : 3.88
Total Revenue (TTM) OGC.TO : CA$2.25B DPM.TO : CA$1.07B
Gross Profit (TTM) OGC.TO : CA$1.24B DPM.TO : CA$647.81M
EBITDA (TTM) OGC.TO : CA$1.22B DPM.TO : CA$688.93M

Return for Risk

OGC.TO vs. DPM.TO — 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: 83
OGC.TO Sharpe Ratio Rank: 89
OGC.TO Sortino Ratio Rank: 81
OGC.TO Omega Ratio Rank: 82
OGC.TO Calmar Ratio Rank: 83
OGC.TO Martin Ratio Rank: 82

DPM.TO

DPM.TO Risk / Return Rank: 88
DPM.TO Sharpe Ratio Rank: 92
DPM.TO Sortino Ratio Rank: 86
DPM.TO Omega Ratio Rank: 87
DPM.TO Calmar Ratio Rank: 87
DPM.TO Martin Ratio Rank: 88

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. DPM.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for OceanaGold Corporation (OGC.TO) and Dundee Precious Metals Inc. (DPM.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.

	OGC.TO	DPM.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.10	2.55	-0.45
Sortino ratio: Return per unit of downside risk	2.40	2.80	-0.40
Omega ratio: Gain probability vs. loss probability	1.32	1.39	-0.06
Calmar ratio: Return relative to maximum drawdown	3.17	3.92	-0.75
Martin ratio: Return relative to average drawdown	7.69	10.82	-3.13
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

OGC.TO vs. DPM.TO - Sharpe Ratio Comparison

The current OGC.TO Sharpe Ratio is 2.10, which is comparable to the DPM.TO Sharpe Ratio of 2.55. The chart below compares the historical Sharpe Ratios of OGC.TO and DPM.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	OGC.TO	DPM.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.10	2.55	-0.45
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.80	1.16	-0.36
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.24	0.74	-0.51
Sharpe Ratio (All Time) Calculated using the full available price history	0.12	0.20	-0.08

Drawdowns

OGC.TO vs. DPM.TO - Drawdown Comparison

The maximum OGC.TO drawdown since its inception was -96.53%, roughly equal to the maximum DPM.TO drawdown of -94.16%. Use the drawdown chart below to compare losses from any high point for OGC.TO and DPM.TO.

Drawdown Indicators

	OGC.TO	DPM.TO	Difference
Max Drawdown Largest peak-to-trough decline	-96.53%	-94.16%	-2.37%
Max Drawdown (1Y) Largest decline over 1 year	-32.91%	-29.52%	-3.39%
Max Drawdown (3Y) Largest decline over 3 years	-32.91%	-29.52%	-3.39%
Max Drawdown (5Y) Largest decline over 5 years	-46.87%	-41.88%	-4.99%
Max Drawdown (10Y) Largest decline over 10 years	-77.77%	-51.96%	-25.81%
Current Drawdown Current decline from peak	-32.91%	-20.03%	-12.88%
Average Drawdown Average peak-to-trough decline	-39.45%	-41.60%	+2.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.53%	10.69%	+2.84%

Volatility

OGC.TO vs. DPM.TO - Volatility Comparison

OceanaGold Corporation (OGC.TO) has a higher volatility of 17.99% compared to Dundee Precious Metals Inc. (DPM.TO) at 14.46%. This indicates that OGC.TO's price experiences larger fluctuations and is considered to be riskier than DPM.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OGC.TO	DPM.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.99%	14.46%	+3.53%
Volatility (6M) Calculated over the trailing 6-month period	39.44%	37.31%	+2.13%
Volatility (1Y) Calculated over the trailing 1-year period	49.72%	45.45%	+4.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	49.48%	38.46%	+11.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	52.53%	47.25%	+5.28%

Dividends

OGC.TO vs. DPM.TO - Dividend Comparison

OGC.TO's dividend yield for the trailing twelve months is around 0.85%, more than DPM.TO's 0.55% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPM.TO Dundee Precious Metals Inc.	0.55%	0.62%	1.69%	2.52%	4.01%	1.92%	1.31%	0.00%	0.00%	0.00%	0.00%	0.00%
OGC.TO OceanaGold Corporation	0.85%	0.43%	0.68%	1.10%	0.00%	0.00%	0.00%	0.51%	0.78%	0.80%	1.38%	1.89%

Financials

OGC.TO vs. DPM.TO - Profitability Comparison

The chart below illustrates the profitability comparison between OceanaGold Corporation and Dundee Precious Metals 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 Jun 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%.

DPM.TO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Dundee Precious Metals Inc. reported a gross profit of 223.10M and revenue of 310.36M. Therefore, the gross margin over that period was 71.9%.

OGC.TO - Operating Margin

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

DPM.TO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Dundee Precious Metals Inc. reported an operating income of 183.99M and revenue of 310.36M, resulting in an operating margin of 59.3%.

OGC.TO - Net Margin

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

DPM.TO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Dundee Precious Metals Inc. reported a net income of 165.91M and revenue of 310.36M, resulting in a net margin of 53.5%.

Frequently Asked Questions

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

OGC.TO and DPM.TO have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.