RGLD vs. IAG
RGLD (Royal Gold, Inc.) and IAG (IAMGOLD Corporation) are both stocks. Both operate in the Gold industry within the Basic Materials sector. Over the past 10 years, RGLD returned 13.42%/yr vs 14.93%/yr for IAG. A 0.67 correlation means they provide meaningful diversification when combined.
Performance
RGLD vs. IAG - Performance Comparison
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Returns By Period
In the year-to-date period, RGLD achieves a -7.10% return, which is significantly lower than IAG's -5.40% return. Over the past 10 years, RGLD has underperformed IAG with an annualized return of 13.42%, while IAG has yielded a comparatively higher 14.93% annualized return.
RGLD
- 1D
- -0.18%
- 1M
- -13.90%
- YTD
- -7.10%
- 6M
- 4.13%
- 1Y
- 17.94%
- 3Y*
- 21.33%
- 5Y*
- 12.39%
- 10Y*
- 13.42%
IAG
- 1D
- 1.17%
- 1M
- -16.58%
- YTD
- -5.40%
- 6M
- 5.26%
- 1Y
- 109.68%
- 3Y*
- 74.62%
- 5Y*
- 33.49%
- 10Y*
- 14.93%
RGLD vs. IAG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RGLD Royal Gold, Inc. | -7.10% | 70.43% | 10.39% | 8.70% | 8.51% | 0.04% | -12.13% | 44.27% | 5.53% | 31.32% |
IAG IAMGOLD Corporation | -5.40% | 219.57% | 103.95% | -1.94% | -17.57% | -14.71% | -1.61% | 1.36% | -36.88% | 51.43% |
Correlation
The correlation between RGLD and IAG is 0.77, 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 | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Jul 16, 2003 | 0.67 |
The correlation between RGLD and IAG has been stable across timeframes, ranging from 0.67 to 0.77 - a consistent structural relationship.
Fundamentals
RGLD:
$17.49B
IAG:
$9.27B
RGLD:
$8.53
IAG:
$1.73
RGLD:
24.12
IAG:
9.02
RGLD:
1.64
IAG:
0.05
RGLD:
11.71
IAG:
2.66
RGLD:
2.36
IAG:
2.14
RGLD:
$1.31B
IAG:
$3.42B
RGLD:
$579.68M
IAG:
$1.64B
RGLD:
$949.59M
IAG:
$1.97B
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Return for Risk
RGLD vs. IAG — Risk / Return Rank
RGLD
IAG
RGLD vs. IAG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Royal Gold, Inc. (RGLD) and IAMGOLD Corporation (IAG). 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.
| RGLD | IAG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.34 | ||
| Sortino ratioReturn per unit of downside risk | -1.40 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.30 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 0.56 | 2.96 | -2.40 |
| Martin ratioReturn relative to average drawdown | 1.42 | 7.27 | -5.85 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| RGLD | IAG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.46 | 1.80 | -1.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.39 | 0.56 | -0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.40 | 0.26 | +0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | 0.10 | +0.07 |
Drawdowns
RGLD vs. IAG - Drawdown Comparison
The maximum RGLD drawdown since its inception was -98.29%, roughly equal to the maximum IAG drawdown of -95.55%. Use the drawdown chart below to compare losses from any high point for RGLD and IAG.
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Drawdown Indicators
| RGLD | IAG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.29% | -95.55% | -2.74% |
Max Drawdown (1Y)Largest decline over 1 year | -32.28% | -37.24% | +4.96% |
Max Drawdown (3Y)Largest decline over 3 years | -32.28% | -37.24% | +4.96% |
Max Drawdown (5Y)Largest decline over 5 years | -40.73% | -74.25% | +33.52% |
Max Drawdown (10Y)Largest decline over 10 years | -49.55% | -86.46% | +36.91% |
Current DrawdownCurrent decline from peak | -32.28% | -36.51% | +4.23% |
Average DrawdownAverage peak-to-trough decline | -29.82% | -56.21% | +26.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.67% | 15.14% | -2.47% |
Volatility
RGLD vs. IAG - Volatility Comparison
The current volatility for Royal Gold, Inc. (RGLD) is 11.83%, while IAMGOLD Corporation (IAG) has a volatility of 18.32%. This indicates that RGLD experiences smaller price fluctuations and is considered to be less risky than IAG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RGLD | IAG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.83% | 18.32% | -6.49% |
Volatility (6M)Calculated over the trailing 6-month period | 32.02% | 48.38% | -16.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.07% | 61.39% | -22.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.54% | 60.43% | -28.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.63% | 58.59% | -24.96% |
Dividends
RGLD vs. IAG - Dividend Comparison
RGLD's dividend yield for the trailing twelve months is around 0.90%, while IAG has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IAG IAMGOLD Corporation | 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. | 0.90% | 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. IAG - Financials Comparison
This section allows you to compare key financial metrics between Royal Gold, Inc. and IAMGOLD 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
RGLD vs. IAG - 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%.
IAG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, IAMGOLD Corporation reported a gross profit of 570.70M and revenue of 1.03B. Therefore, the gross margin over that period was 55.4%.
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%.
IAG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, IAMGOLD Corporation reported an operating income of 544.70M and revenue of 1.03B, resulting in an operating margin of 52.9%.
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%.
IAG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, IAMGOLD Corporation reported a net income of 379.70M and revenue of 1.03B, resulting in a net margin of 36.9%.
Frequently Asked Questions
RGLD and IAG have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IAG has higher volatility (18.32%) compared to RGLD (11.83%). In terms of maximum drawdown, RGLD dropped -98.29% vs IAG's -95.55%.
IAG currently has the higher Sharpe Ratio (1.80 vs 0.46), 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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