OR vs. DLO
OR (Osisko Gold Royalties Ltd) and DLO (DLocal Limited) are both stocks. OR operates in Gold (Basic Materials), while DLO operates in Software - Infrastructure (Technology). Over the past 5 years, OR returned 18.38%/yr vs -20.08%/yr for DLO. At a 0.13 correlation, their price movements are largely independent.
Performance
OR vs. DLO - Performance Comparison
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Returns By Period
In the year-to-date period, OR achieves a -16.97% return, which is significantly lower than DLO's 9.23% return.
OR
- 1D
- -1.58%
- 1M
- -10.39%
- 6M
- -23.87%
- YTD
- -16.97%
- 1Y
- 5.75%
- 3Y*
- 28.20%
- 5Y*
- 18.38%
- 10Y*
- 9.90%
DLO
- 1D
- 4.26%
- 1M
- 23.10%
- 6M
- 7.78%
- YTD
- 9.23%
- 1Y
- 40.67%
- 3Y*
- 7.48%
- 5Y*
- -20.08%
- 10Y*
- —
OR vs. DLO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
OR Osisko Gold Royalties Ltd | -16.97% | 96.95% | 28.14% | 19.96% | 0.02% | -15.15% |
DLO DLocal Limited | 9.23% | 31.72% | -36.35% | 13.62% | -56.37% | 15.13% |
Correlation
The correlation between OR and DLO 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 | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Jun 3, 2021 | 0.13 |
Fundamentals
OR:
$5.49B
DLO:
$4.46B
OR:
$1.34
DLO:
$0.64
OR:
21.81
DLO:
23.71
OR:
0.12
DLO:
0.74
OR:
17.03
DLO:
3.76
OR:
3.74
DLO:
8.23
OR:
$325.18M
DLO:
$1.21B
OR:
$275.03M
DLO:
$436.56M
OR:
$330.83M
DLO:
$280.42M
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Return for Risk
OR vs. DLO — Risk / Return Rank
OR
DLO
OR vs. DLO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Osisko Gold Royalties Ltd (OR) and DLocal Limited (DLO). 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.
| OR | DLO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.42 | ||
| Sortino ratioReturn per unit of downside risk | -0.81 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.17 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 0.26 | 1.17 | -0.91 |
| Martin ratioReturn relative to average drawdown | 0.60 | 2.33 | -1.73 |
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Drawdowns
OR vs. DLO - Drawdown Comparison
The maximum OR drawdown since its inception was -61.90%, smaller than the maximum DLO drawdown of -89.99%. Use the drawdown chart below to compare losses from any high point for OR and DLO.
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Drawdown Indicators
| OR | DLO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.90% | -89.99% | +28.09% |
Max Drawdown (1Y)Largest decline over 1 year | -38.54% | -30.45% | -8.09% |
Max Drawdown (3Y)Largest decline over 3 years | -38.54% | -68.59% | +30.05% |
Max Drawdown (5Y)Largest decline over 5 years | -38.54% | -89.99% | +51.45% |
Max Drawdown (10Y)Largest decline over 10 years | -61.90% | — | — |
Current DrawdownCurrent decline from peak | -38.43% | -76.52% | +38.09% |
Average DrawdownAverage peak-to-trough decline | -18.16% | -70.30% | +52.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.70% | 15.34% | +1.36% |
Volatility
OR vs. DLO - Volatility Comparison
The current volatility for Osisko Gold Royalties Ltd (OR) is 13.74%, while DLocal Limited (DLO) has a volatility of 15.39%. This indicates that OR experiences smaller price fluctuations and is considered to be less risky than DLO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OR | DLO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.74% | 15.39% | -1.65% |
Volatility (6M)Calculated over the trailing 6-month period | 38.47% | 36.05% | +2.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.74% | 56.14% | -10.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.04% | 73.39% | -37.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.60% | 73.52% | -34.92% |
Dividends
OR vs. DLO - Dividend Comparison
OR's dividend yield for the trailing twelve months is around 0.79%, less than DLO's 1.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
DLO DLocal Limited | 1.28% | 3.71% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
OR Osisko Gold Royalties Ltd | 0.79% | 0.59% | 1.02% | 1.34% | 1.38% | 1.37% | 1.18% | 1.56% | 1.72% | 1.56% | 1.65% |
Financials
OR vs. DLO - Financials Comparison
This section allows you to compare key financial metrics between Osisko Gold Royalties Ltd and DLocal Limited. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
OR vs. DLO - Profitability Comparison
OR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Osisko Gold Royalties Ltd reported a gross profit of 87.28M and revenue of 101.41M. Therefore, the gross margin over that period was 86.1%.
DLO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, DLocal Limited reported a gross profit of 118.68M and revenue of 335.86M. Therefore, the gross margin over that period was 35.3%.
OR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Osisko Gold Royalties Ltd reported an operating income of 79.13M and revenue of 101.41M, resulting in an operating margin of 78.0%.
DLO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, DLocal Limited reported an operating income of 53.55M and revenue of 335.86M, resulting in an operating margin of 15.9%.
OR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Osisko Gold Royalties Ltd reported a net income of 72.56M and revenue of 101.41M, resulting in a net margin of 71.6%.
DLO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, DLocal Limited reported a net income of 41.98M and revenue of 335.86M, resulting in a net margin of 12.5%.
Frequently Asked Questions
OR and DLO 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.
DLO has higher volatility (15.39%) compared to OR (13.74%). In terms of maximum drawdown, OR dropped -61.90% vs DLO's -89.99%.
DLO currently has the higher Sharpe Ratio (0.64 vs 0.22), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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