RGA vs. NEM
RGA (Reinsurance Group of America, Incorporated) and NEM (Newmont Corporation) are both stocks. RGA operates in Insurance - Reinsurance (Financial Services), while NEM operates in Gold (Basic Materials). Over the past 10 years, RGA returned 11.40%/yr vs 11.79%/yr for NEM. At a 0.11 correlation, their price movements are largely independent.
Performance
RGA vs. NEM - Performance Comparison
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Returns By Period
In the year-to-date period, RGA achieves a 14.83% return, which is significantly higher than NEM's -4.15% return. Both investments have delivered pretty close results over the past 10 years, with RGA having a 11.40% annualized return and NEM not far ahead at 11.79%.
RGA
- 1D
- 0.29%
- 1M
- 12.35%
- 6M
- 15.97%
- YTD
- 14.83%
- 1Y
- 21.33%
- 3Y*
- 19.97%
- 5Y*
- 17.91%
- 10Y*
- 11.40%
NEM
- 1D
- 0.51%
- 1M
- -2.36%
- 6M
- -12.19%
- YTD
- -4.15%
- 1Y
- 60.16%
- 3Y*
- 32.96%
- 5Y*
- 11.48%
- 10Y*
- 11.79%
RGA vs. NEM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RGA Reinsurance Group of America, Incorporated | 14.83% | -2.97% | 34.38% | 16.39% | 33.04% | -3.21% | -27.02% | 18.29% | -8.71% | 25.59% |
NEM Newmont Corporation | -4.15% | 172.82% | -7.83% | -8.76% | -20.77% | 7.40% | 40.28% | 30.52% | -6.15% | 10.91% |
Correlation
The correlation between RGA and NEM is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Sep 12, 2008 | 0.11 |
Fundamentals
RGA:
$15.14B
NEM:
$101.73B
RGA:
$20.15
NEM:
$7.15
RGA:
11.47
NEM:
13.33
RGA:
0.43
NEM:
0.35
RGA:
0.57
NEM:
4.07
RGA:
$18.13B
NEM:
$17.23B
RGA:
$3.15B
NEM:
$8.97B
RGA:
$1.46B
NEM:
$13.78B
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Return for Risk
RGA vs. NEM — Risk / Return Rank
RGA
NEM
RGA vs. NEM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Reinsurance Group of America, Incorporated (RGA) and Newmont Corporation (NEM). 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.
| RGA | NEM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.44 | ||
| Sortino ratioReturn per unit of downside risk | -0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.23 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.58 | 2.09 | -0.51 |
| Martin ratioReturn relative to average drawdown | 3.78 | 4.81 | -1.03 |
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Drawdowns
RGA vs. NEM - Drawdown Comparison
The maximum RGA drawdown since its inception was -65.75%, smaller than the maximum NEM drawdown of -81.30%. Use the drawdown chart below to compare losses from any high point for RGA and NEM.
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Drawdown Indicators
| RGA | NEM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.75% | -81.30% | +15.55% |
Max Drawdown (1Y)Largest decline over 1 year | -12.68% | -29.39% | +16.71% |
Max Drawdown (3Y)Largest decline over 3 years | -27.11% | -36.57% | +9.46% |
Max Drawdown (5Y)Largest decline over 5 years | -27.11% | -62.40% | +35.29% |
Max Drawdown (10Y)Largest decline over 10 years | -65.75% | -62.40% | -3.35% |
Current DrawdownCurrent decline from peak | 0.00% | -27.47% | +27.47% |
Average DrawdownAverage peak-to-trough decline | -11.64% | -41.34% | +29.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.30% | 12.73% | -7.43% |
Volatility
RGA vs. NEM - Volatility Comparison
The current volatility for Reinsurance Group of America, Incorporated (RGA) is 6.22%, while Newmont Corporation (NEM) has a volatility of 14.14%. This indicates that RGA experiences smaller price fluctuations and is considered to be less risky than NEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RGA | NEM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.22% | 14.14% | -7.92% |
Volatility (6M)Calculated over the trailing 6-month period | 17.21% | 37.29% | -20.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.85% | 47.74% | -23.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.67% | 38.15% | -10.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.90% | 35.73% | -2.83% |
Dividends
RGA vs. NEM - Dividend Comparison
RGA's dividend yield for the trailing twelve months is around 1.80%, more than NEM's 1.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NEM Newmont Corporation | 1.07% | 1.00% | 2.69% | 3.87% | 4.66% | 3.55% | 1.74% | 3.31% | 1.62% | 0.67% | 0.37% | 0.56% |
RGA Reinsurance Group of America, Incorporated | 1.80% | 1.79% | 1.63% | 2.04% | 2.15% | 2.61% | 2.42% | 1.59% | 1.57% | 1.17% | 1.24% | 1.64% |
Financials
RGA vs. NEM - Financials Comparison
This section allows you to compare key financial metrics between Reinsurance Group of America, Incorporated and Newmont Corporation. 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
Frequently Asked Questions
RGA and NEM have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NEM has higher volatility (14.14%) compared to RGA (6.22%). In terms of maximum drawdown, RGA dropped -65.75% vs NEM's -81.30%.
NEM currently has the higher Sharpe Ratio (1.29 vs 0.84), 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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