RGLD vs. BYRN
RGLD (Royal Gold, Inc.) and BYRN (Byrna Technologies Inc.) are both stocks. RGLD operates in Gold (Basic Materials), while BYRN operates in Aerospace & Defense (Industrials). Over the past 10 years, RGLD returned 10.64%/yr vs 4.88%/yr for BYRN. At a 0.05 correlation, their price movements are largely independent.
Performance
RGLD vs. BYRN - Performance Comparison
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Returns By Period
In the year-to-date period, RGLD achieves a -10.89% return, which is significantly higher than BYRN's -76.98% return. Over the past 10 years, RGLD has outperformed BYRN with an annualized return of 10.64%, while BYRN has yielded a comparatively lower 4.88% annualized return.
RGLD
- 1D
- -0.98%
- 1M
- -3.55%
- 6M
- -19.39%
- YTD
- -10.89%
- 1Y
- 24.11%
- 3Y*
- 20.25%
- 5Y*
- 12.33%
- 10Y*
- 10.64%
BYRN
- 1D
- -1.90%
- 1M
- -40.08%
- 6M
- -77.79%
- YTD
- -76.98%
- 1Y
- -83.17%
- 3Y*
- -1.63%
- 5Y*
- -28.95%
- 10Y*
- 4.88%
RGLD vs. BYRN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RGLD Royal Gold, Inc. | -10.89% | 70.43% | 10.39% | 8.70% | 8.51% | 0.04% | -12.13% | 44.27% | 5.53% | 31.32% |
BYRN Byrna Technologies Inc. | -76.98% | -41.72% | 350.86% | -18.49% | -41.27% | -7.93% | 663.16% | 26.67% | 7.14% | -30.00% |
Correlation
The correlation between RGLD and BYRN is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Feb 23, 2011 | 0.05 |
Fundamentals
RGLD:
$13.66B
BYRN:
$87.68M
RGLD:
$8.21
BYRN:
-$0.16
RGLD:
11.63
BYRN:
0.84
RGLD:
2.26
BYRN:
1.54
RGLD:
$1.31B
BYRN:
$108.86M
RGLD:
$579.68M
BYRN:
$57.17M
RGLD:
$949.59M
BYRN:
-$3.55M
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Return for Risk
RGLD vs. BYRN — Risk / Return Rank
RGLD
BYRN
RGLD vs. BYRN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Royal Gold, Inc. (RGLD) and Byrna Technologies Inc. (BYRN). 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 | BYRN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.69 | ||
| Sortino ratioReturn per unit of downside risk | +3.39 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 0.69 | +0.45 |
| Calmar ratioReturn relative to maximum drawdown | 0.66 | -0.99 | +1.65 |
| Martin ratioReturn relative to average drawdown | 1.59 | -1.65 | +3.25 |
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Drawdowns
RGLD vs. BYRN - Drawdown Comparison
The maximum RGLD drawdown since its inception was -98.29%, which is greater than BYRN's maximum drawdown of -92.51%. Use the drawdown chart below to compare losses from any high point for RGLD and BYRN.
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Drawdown Indicators
| RGLD | BYRN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.29% | -92.51% | -5.78% |
Max Drawdown (1Y)Largest decline over 1 year | -36.66% | -86.01% | +49.35% |
Max Drawdown (3Y)Largest decline over 3 years | -36.66% | -88.70% | +52.04% |
Max Drawdown (5Y)Largest decline over 5 years | -40.73% | -92.51% | +51.78% |
Max Drawdown (10Y)Largest decline over 10 years | -49.55% | -92.51% | +42.96% |
Current DrawdownCurrent decline from peak | -35.04% | -88.70% | +53.66% |
Average DrawdownAverage peak-to-trough decline | -29.83% | -52.50% | +22.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.27% | 51.63% | -36.36% |
Volatility
RGLD vs. BYRN - Volatility Comparison
The current volatility for Royal Gold, Inc. (RGLD) is 11.47%, while Byrna Technologies Inc. (BYRN) has a volatility of 46.46%. This indicates that RGLD experiences smaller price fluctuations and is considered to be less risky than BYRN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RGLD | BYRN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.47% | 46.46% | -34.99% |
Volatility (6M)Calculated over the trailing 6-month period | 32.10% | 74.13% | -42.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.26% | 82.31% | -43.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.67% | 75.22% | -43.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.65% | 96.16% | -62.51% |
Dividends
RGLD vs. BYRN - Dividend Comparison
RGLD's dividend yield for the trailing twelve months is around 0.95%, while BYRN has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BYRN Byrna Technologies Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
RGLD Royal Gold, Inc. | 0.95% | 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. BYRN - Financials Comparison
This section allows you to compare key financial metrics between Royal Gold, Inc. and Byrna Technologies Inc.. 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. BYRN - Profitability Comparison
RGLD - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 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%.
BYRN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Byrna Technologies Inc. reported a gross profit of 1.78M and revenue of 16.39M. Therefore, the gross margin over that period was 10.9%.
RGLD - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Royal Gold, Inc. reported an operating income of 297.09M and revenue of 469.13M, resulting in an operating margin of 63.3%.
BYRN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Byrna Technologies Inc. reported an operating income of -12.85M and revenue of 16.39M, resulting in an operating margin of -78.4%.
RGLD - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Royal Gold, Inc. reported a net income of 281.13M and revenue of 469.13M, resulting in a net margin of 59.9%.
BYRN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Byrna Technologies Inc. reported a net income of -10.09M and revenue of 16.39M, resulting in a net margin of -61.6%.
Frequently Asked Questions
RGLD and BYRN have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BYRN has higher volatility (46.46%) compared to RGLD (11.47%). In terms of maximum drawdown, RGLD dropped -98.29% vs BYRN's -92.51%.
RGLD currently has the higher Sharpe Ratio (0.62 vs -1.07), 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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