RGLD vs. BVN
RGLD (Royal Gold, Inc.) and BVN (Compañía de Minas Buenaventura S.A.A.) are both stocks. Both are in the Basic Materials sector — RGLD in Gold, BVN in Other Precious Metals & Mining. Over the past 10 years, RGLD returned 13.61%/yr vs 13.54%/yr for BVN. At a 0.49 correlation, their price movements are largely independent.
Performance
RGLD vs. BVN - Performance Comparison
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Returns By Period
In the year-to-date period, RGLD achieves a -6.25% return, which is significantly lower than BVN's 23.58% return. Both investments have delivered pretty close results over the past 10 years, with RGLD having a 13.61% annualized return and BVN not far behind at 13.54%.
RGLD
- 1D
- 1.47%
- 1M
- -15.27%
- YTD
- -6.25%
- 6M
- -4.74%
- 1Y
- 16.96%
- 3Y*
- 21.73%
- 5Y*
- 12.37%
- 10Y*
- 13.61%
BVN
- 1D
- 2.01%
- 1M
- -13.13%
- YTD
- 23.58%
- 6M
- 22.13%
- 1Y
- 105.88%
- 3Y*
- 70.14%
- 5Y*
- 27.27%
- 10Y*
- 13.54%
RGLD vs. BVN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RGLD Royal Gold, Inc. | -6.25% | 70.43% | 10.39% | 8.70% | 8.51% | 0.04% | -12.13% | 44.27% | 5.53% | 31.32% |
BVN Compañía de Minas Buenaventura S.A.A. | 23.58% | 147.96% | -24.06% | 106.47% | 2.47% | -39.95% | -19.27% | -6.40% | 15.91% | 25.66% |
Correlation
The correlation between RGLD and BVN is 0.66, 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 | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since May 15, 1996 | 0.49 |
The correlation between RGLD and BVN shifts across timeframes, from 0.49 (all time) to 0.66 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
RGLD:
$17.65B
BVN:
$8.49B
RGLD:
$8.53
BVN:
$3.84
RGLD:
24.34
BVN:
8.69
RGLD:
1.66
BVN:
0.02
RGLD:
11.81
BVN:
4.15
RGLD:
2.38
BVN:
2.05
RGLD:
$1.31B
BVN:
$2.05B
RGLD:
$579.68M
BVN:
$1.06B
RGLD:
$949.59M
BVN:
$1.18B
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Return for Risk
RGLD vs. BVN — Risk / Return Rank
RGLD
BVN
RGLD vs. BVN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Royal Gold, Inc. (RGLD) and Compañía de Minas Buenaventura S.A.A. (BVN). 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.
| RGLD | BVN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.68 | ||
| Sortino ratioReturn per unit of downside risk | -1.63 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.34 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 0.48 | 3.48 | -2.99 |
| Martin ratioReturn relative to average drawdown | 1.27 | 8.76 | -7.48 |
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Drawdowns
RGLD vs. BVN - Drawdown Comparison
The maximum RGLD drawdown since its inception was -98.29%, roughly equal to the maximum BVN drawdown of -93.68%. Use the drawdown chart below to compare losses from any high point for RGLD and BVN.
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Drawdown Indicators
| RGLD | BVN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.29% | -93.68% | -4.61% |
Max Drawdown (1Y)Largest decline over 1 year | -35.12% | -30.64% | -4.48% |
Max Drawdown (3Y)Largest decline over 3 years | -35.12% | -38.30% | +3.18% |
Max Drawdown (5Y)Largest decline over 5 years | -40.73% | -53.67% | +12.94% |
Max Drawdown (10Y)Largest decline over 10 years | -49.55% | -70.15% | +20.60% |
Current DrawdownCurrent decline from peak | -31.66% | -31.25% | -0.41% |
Average DrawdownAverage peak-to-trough decline | -29.82% | -46.40% | +16.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.34% | 12.13% | +1.21% |
Volatility
RGLD vs. BVN - Volatility Comparison
The current volatility for Royal Gold, Inc. (RGLD) is 12.33%, while Compañía de Minas Buenaventura S.A.A. (BVN) has a volatility of 20.09%. This indicates that RGLD experiences smaller price fluctuations and is considered to be less risky than BVN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RGLD | BVN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.33% | 20.09% | -7.76% |
Volatility (6M)Calculated over the trailing 6-month period | 32.22% | 42.55% | -10.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.34% | 50.28% | -10.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.58% | 45.80% | -14.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.66% | 45.95% | -12.29% |
Dividends
RGLD vs. BVN - Dividend Comparison
RGLD's dividend yield for the trailing twelve months is around 0.89%, less than BVN's 3.40% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BVN Compañía de Minas Buenaventura S.A.A. | 3.40% | 1.57% | 0.63% | 0.48% | 0.98% | 0.00% | 0.00% | 0.58% | 0.55% | 0.60% | 0.26% | 0.00% |
RGLD Royal Gold, Inc. | 0.89% | 0.81% | 1.21% | 1.24% | 1.24% | 1.14% | 1.05% | 0.87% | 1.17% | 1.17% | 1.45% | 1.81% |
Financials
RGLD vs. BVN - Financials Comparison
This section allows you to compare key financial metrics between Royal Gold, Inc. and Compañía de Minas Buenaventura S.A.A.. 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
RGLD vs. BVN - Profitability Comparison
RGLD - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Royal Gold, Inc. reported a gross profit of 0.00 and revenue of 469.13M. Therefore, the gross margin over that period was 0.0%.
BVN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Compañía de Minas Buenaventura S.A.A. reported a gross profit of 356.89M and revenue of 622.46M. Therefore, the gross margin over that period was 57.3%.
RGLD - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Royal Gold, Inc. reported an operating income of 297.09M and revenue of 469.13M, resulting in an operating margin of 63.3%.
BVN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Compañía de Minas Buenaventura S.A.A. reported an operating income of 325.55M and revenue of 622.46M, resulting in an operating margin of 52.3%.
RGLD - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Royal Gold, Inc. reported a net income of 281.13M and revenue of 469.13M, resulting in a net margin of 59.9%.
BVN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Compañía de Minas Buenaventura S.A.A. reported a net income of 334.26M and revenue of 622.46M, resulting in a net margin of 53.7%.
Frequently Asked Questions
RGLD and BVN have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BVN has higher volatility (20.09%) compared to RGLD (12.33%). In terms of maximum drawdown, RGLD dropped -98.29% vs BVN's -93.68%.
BVN currently has the higher Sharpe Ratio (2.12 vs 0.43), 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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