OR.TO vs. NRG

Last updated Jun 9, 2026

OR.TO (Osisko Gold Royalties Ltd) and NRG (NRG Energy, Inc.) are both stocks. OR.TO operates in Gold (Basic Materials), while NRG operates in Utilities - Independent Power Producers (Utilities). Over the past 10 years, OR.TO returned 12.45%/yr vs 27.70%/yr for NRG. At a 0.09 correlation, their price movements are largely independent.

Performance

OR.TO vs. NRG - Performance Comparison

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

Different Trading Currencies

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

Returns By Period

In the year-to-date period, OR.TO achieves a -2.97% return, which is significantly higher than NRG's -17.83% return. Over the past 10 years, OR.TO has underperformed NRG with an annualized return of 12.45%, while NRG has yielded a comparatively higher 27.70% annualized return.

OR.TO

• 1D: -0.04%
• 1M: -10.41%
• YTD: -2.97%
• 6M: 1.63%
• 1Y: 33.53%
• 3Y*: 31.27%
• 5Y*: 23.09%
• 10Y*: 12.45%

NRG

• 1D: -0.88%
• 1M: -5.61%
• YTD: -17.83%
• 6M: -21.08%
• 1Y: -15.48%
• 3Y*: 60.83%
• 5Y*: 35.64%
• 10Y*: 27.70%

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

OR.TO vs. NRG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
OR.TO Osisko Gold Royalties Ltd	-2.97%	88.16%	39.17%	17.33%	7.02%	-2.67%	29.76%	6.96%	-16.11%	12.23%
NRG NRG Energy, Inc.	-17.83%	70.74%	93.70%	65.33%	-18.62%	18.48%	-4.46%	-3.46%	51.33%	117.87%

Correlation

The correlation between OR.TO and NRG 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	0.13
Correlation (5Y) Calculated over the trailing 5-year period	0.13
Correlation (10Y) Calculated over the trailing 10-year period	0.08
Correlation (All Time) Calculated using the full available price history since Jun 2, 2014	0.09

Fundamentals

Market Cap OR.TO : CA$8.89B NRG : $26.56B
EPS OR.TO : CA$1.34 NRG : $1.21
PE Ratio OR.TO : 35.10 NRG : 105.45
PEG Ratio OR.TO : 0.09 NRG : 1.58
PS Ratio OR.TO : 27.41 NRG : 0.78
PB Ratio OR.TO : 6.03 NRG : 6.29
Total Revenue (TTM) OR.TO : CA$324.98M NRG : $32.38B
Gross Profit (TTM) OR.TO : CA$282.47M NRG : $4.69B
EBITDA (TTM) OR.TO : CA$324.46M NRG : $2.57B

Return for Risk

OR.TO vs. NRG — Risk / Return Rank

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

OR.TO

OR.TO Risk / Return Rank: 64
OR.TO Sharpe Ratio Rank: 68
OR.TO Sortino Ratio Rank: 60
OR.TO Omega Ratio Rank: 63
OR.TO Calmar Ratio Rank: 65
OR.TO Martin Ratio Rank: 65

NRG

NRG Risk / Return Rank: 22
NRG Sharpe Ratio Rank: 25
NRG Sortino Ratio Rank: 25
NRG Omega Ratio Rank: 25
NRG Calmar Ratio Rank: 24
NRG Martin Ratio Rank: 11

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.

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

This table presents a comparison of risk-adjusted performance metrics for Osisko Gold Royalties Ltd (OR.TO) and NRG Energy, Inc. (NRG). 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.

	OR.TO	NRG	Difference
Sharpe ratio: Return per unit of total volatility	0.77	-0.35	+1.12
Sortino ratio: Return per unit of downside risk	1.19	-0.21	+1.40
Omega ratio: Gain probability vs. loss probability	1.17	0.97	+0.20
Calmar ratio: Return relative to maximum drawdown	1.09	-0.48	+1.57
Martin ratio: Return relative to average drawdown	2.49	-1.18	+3.67
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

OR.TO vs. NRG - Sharpe Ratio Comparison

The current OR.TO Sharpe Ratio is 0.77, which is higher than the NRG Sharpe Ratio of -0.35. The chart below compares the historical Sharpe Ratios of OR.TO and NRG, 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

	OR.TO	NRG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.77	-0.35	+1.12
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.69	0.89	-0.20
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.35	0.70	-0.35
Sharpe Ratio (All Time) Calculated using the full available price history	0.32	0.37	-0.05

Drawdowns

OR.TO vs. NRG - Drawdown Comparison

The maximum OR.TO drawdown since its inception was -58.25%, smaller than the maximum NRG drawdown of -73.52%. Use the drawdown chart below to compare losses from any high point for OR.TO and NRG.

Drawdown Indicators

	OR.TO	NRG	Difference
Max Drawdown Largest peak-to-trough decline	-58.25%	-73.52%	+15.27%
Max Drawdown (1Y) Largest decline over 1 year	-30.85%	-32.35%	+1.50%
Max Drawdown (3Y) Largest decline over 3 years	-30.85%	-32.35%	+1.50%
Max Drawdown (5Y) Largest decline over 5 years	-34.22%	-32.35%	-1.87%
Max Drawdown (10Y) Largest decline over 10 years	-57.66%	-45.51%	-12.15%
Current Drawdown Current decline from peak	-27.70%	-29.12%	+1.42%
Average Drawdown Average peak-to-trough decline	-16.54%	-25.99%	+9.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.52%	13.17%	+0.35%

Volatility

OR.TO vs. NRG - Volatility Comparison

Osisko Gold Royalties Ltd (OR.TO) and NRG Energy, Inc. (NRG) have volatilities of 13.81% and 13.85%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OR.TO	NRG	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.81%	13.85%	-0.04%
Volatility (6M) Calculated over the trailing 6-month period	36.68%	34.52%	+2.16%
Volatility (1Y) Calculated over the trailing 1-year period	43.70%	44.41%	-0.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.58%	40.40%	-6.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	36.20%	39.90%	-3.70%

Dividends

OR.TO vs. NRG - Dividend Comparison

OR.TO's dividend yield for the trailing twelve months is around 0.64%, less than NRG's 1.43% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NRG NRG Energy, Inc.	1.43%	1.11%	1.81%	2.92%	4.40%	3.02%	3.20%	0.30%	0.30%	0.42%	1.92%	4.93%
OR.TO Osisko Gold Royalties Ltd	0.64%	0.60%	0.98%	1.24%	1.35%	1.36%	1.24%	1.58%	1.67%	1.24%	1.22%	0.95%

Financials

OR.TO vs. NRG - Profitability Comparison

The chart below illustrates the profitability comparison between Osisko Gold Royalties Ltd and NRG Energy, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

OR.TO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Osisko Gold Royalties Ltd reported a gross profit of 87.05M and revenue of 101.15M. Therefore, the gross margin over that period was 86.1%.

NRG - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, NRG Energy, Inc. reported a gross profit of 0.00 and revenue of 10.26B. Therefore, the gross margin over that period was 0.0%.

OR.TO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Osisko Gold Royalties Ltd reported an operating income of 78.93M and revenue of 101.15M, resulting in an operating margin of 78.0%.

NRG - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, NRG Energy, Inc. reported an operating income of 328.00M and revenue of 10.26B, resulting in an operating margin of 3.2%.

OR.TO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Osisko Gold Royalties Ltd reported a net income of 72.38M and revenue of 101.15M, resulting in a net margin of 71.6%.

NRG - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, NRG Energy, Inc. reported a net income of 125.00M and revenue of 10.26B, resulting in a net margin of 1.2%.

Frequently Asked Questions

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

OR.TO and NRG 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.