ORV.TO vs. NGD

Last updated Apr 2, 2026

Compare and contrast key facts about Orvana Minerals Corp. (ORV.TO) and New Gold Inc. (NGD).

Performance

ORV.TO vs. NGD - Performance Comparison

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

ORV.TO vs. NGD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ORV.TO Orvana Minerals Corp.	-17.14%	854.55%	46.67%	-26.83%	-33.87%	-10.14%	115.63%	6.67%	-37.50%	2.13%
NGD New Gold Inc.	4.23%	235.10%	84.46%	45.70%	-30.01%	-32.13%	144.66%	10.56%	-75.05%	-11.99%

Different Trading Currencies

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

Fundamentals

Market Cap ORV.TO : CA$237.72M NGD : $7.24B
EPS ORV.TO : -CA$0.15 NGD : $0.31
PS Ratio ORV.TO : 2.18 NGD : 5.89
PB Ratio ORV.TO : 6.08 NGD : 5.85
Total Revenue (TTM) ORV.TO : CA$109.22M NGD : $1.23B
Gross Profit (TTM) ORV.TO : CA$35.06M NGD : $508.36M
EBITDA (TTM) ORV.TO : -CA$3.04M NGD : $589.77M

Returns By Period

In the year-to-date period, ORV.TO achieves a -17.14% return, which is significantly lower than NGD's 4.23% return. Over the past 10 years, ORV.TO has outperformed NGD with an annualized return of 23.85%, while NGD has yielded a comparatively lower 9.56% annualized return.

ORV.TO

• 1D: 4.19%
• 1M: -23.01%
• YTD: -17.14%
• 6M: 159.70%
• 1Y: 346.15%
• 3Y*: 103.99%
• 5Y*: 44.62%
• 10Y*: 23.85%

NGD

• 1D: -0.15%
• 1M: -31.66%
• YTD: 4.23%
• 6M: 22.79%
• 1Y: 138.62%
• 3Y*: 114.46%
• 5Y*: 41.12%
• 10Y*: 9.56%

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

Return for Risk

ORV.TO vs. NGD — Risk / Return Rank

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

ORV.TO

ORV.TO Risk / Return Rank: 96
ORV.TO Sharpe Ratio Rank: 98
ORV.TO Sortino Ratio Rank: 95
ORV.TO Omega Ratio Rank: 93
ORV.TO Calmar Ratio Rank: 98
ORV.TO Martin Ratio Rank: 97

NGD

NGD Risk / Return Rank: 93
NGD Sharpe Ratio Rank: 95
NGD Sortino Ratio Rank: 90
NGD Omega Ratio Rank: 91
NGD Calmar Ratio Rank: 94
NGD Martin Ratio Rank: 96

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.

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

This table presents a comparison of risk-adjusted performance metrics for Orvana Minerals Corp. (ORV.TO) and New Gold Inc. (NGD). 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.

	ORV.TO	NGD	Difference
Sharpe ratio Return per unit of total volatility	3.91	2.62	+1.29
Sortino ratio Return per unit of downside risk	3.70	2.81	+0.89
Omega ratio Gain probability vs. loss probability	1.46	1.40	+0.05
Calmar ratio Return relative to maximum drawdown	8.80	4.92	+3.87
Martin ratio Return relative to average drawdown	23.84	17.46	+6.38
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ORV.TO vs. NGD - Sharpe Ratio Comparison

The current ORV.TO Sharpe Ratio is 3.91, which is higher than the NGD Sharpe Ratio of 2.62. The chart below compares the historical Sharpe Ratios of ORV.TO and NGD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	ORV.TO	NGD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.91	2.62	+1.29
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.54	0.69	-0.14
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.30	0.15	+0.15
Sharpe Ratio (All Time) Calculated using the full available price history	0.03	0.19	-0.16

Correlation

The correlation between ORV.TO and NGD is 0.23, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

ORV.TO vs. NGD - Dividend Comparison

Neither ORV.TO nor NGD has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

ORV.TO vs. NGD - Drawdown Comparison

The maximum ORV.TO drawdown since its inception was -99.45%, roughly equal to the maximum NGD drawdown of -95.43%. Use the drawdown chart below to compare losses from any high point for ORV.TO and NGD.

Drawdown Indicators

	ORV.TO	NGD	Difference
Max Drawdown Largest peak-to-trough decline	-99.45%	-96.73%	-2.72%
Max Drawdown (1Y) Largest decline over 1 year	-40.00%	-32.34%	-7.66%
Max Drawdown (5Y) Largest decline over 5 years	-78.30%	-71.98%	-6.32%
Max Drawdown (10Y) Largest decline over 10 years	-78.30%	-92.26%	+13.96%
Current Drawdown Current decline from peak	-84.18%	-35.37%	-48.81%
Average Drawdown Average peak-to-trough decline	-82.43%	-62.74%	-19.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.77%	8.87%	+5.90%

Volatility

ORV.TO vs. NGD - Volatility Comparison

Orvana Minerals Corp. (ORV.TO) has a higher volatility of 23.38% compared to New Gold Inc. (NGD) at 19.56%. This indicates that ORV.TO's price experiences larger fluctuations and is considered to be riskier than NGD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ORV.TO	NGD	Difference
Volatility (1M) Calculated over the trailing 1-month period	23.38%	19.56%	+3.82%
Volatility (6M) Calculated over the trailing 6-month period	71.47%	49.93%	+21.54%
Volatility (1Y) Calculated over the trailing 1-year period	89.19%	61.91%	+27.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	87.73%	60.16%	+27.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	82.82%	63.67%	+19.15%

Financials

ORV.TO vs. NGD - Profitability Comparison

The chart below illustrates the profitability comparison between Orvana Minerals Corp. and New Gold Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

ORV.TO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Orvana Minerals Corp. reported a gross profit of 14.49M and revenue of 32.03M. Therefore, the gross margin over that period was 45.3%.

NGD - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, New Gold Inc. reported a gross profit of 235.36M and revenue of 448.87M. Therefore, the gross margin over that period was 52.4%.

ORV.TO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Orvana Minerals Corp. reported an operating income of 865.00K and revenue of 32.03M, resulting in an operating margin of 2.7%.

NGD - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, New Gold Inc. reported an operating income of 220.92M and revenue of 448.87M, resulting in an operating margin of 49.2%.

ORV.TO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Orvana Minerals Corp. reported a net income of -7.18M and revenue of 32.03M, resulting in a net margin of -22.4%.

NGD - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, New Gold Inc. reported a net income of 140.72M and revenue of 448.87M, resulting in a net margin of 31.4%.