RGLD vs. NEM
RGLD (Royal Gold, Inc.) and NEM (Newmont Corporation) are both stocks. Both operate in the Gold industry within the Basic Materials sector. Over the past 10 years, RGLD returned 12.86%/yr vs 12.89%/yr for NEM. A 0.52 correlation means they provide meaningful diversification when combined.
Performance
RGLD vs. NEM - Performance Comparison
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Returns By Period
In the year-to-date period, RGLD achieves a -6.69% return, which is significantly lower than NEM's -1.59% return. Both investments have delivered pretty close results over the past 10 years, with RGLD having a 12.86% annualized return and NEM not far ahead at 12.89%.
RGLD
- 1D
- -3.75%
- 1M
- -6.21%
- YTD
- -6.69%
- 6M
- -11.06%
- 1Y
- 13.85%
- 3Y*
- 23.32%
- 5Y*
- 14.37%
- 10Y*
- 12.86%
NEM
- 1D
- -3.89%
- 1M
- -8.89%
- YTD
- -1.59%
- 6M
- -6.63%
- 1Y
- 66.30%
- 3Y*
- 35.97%
- 5Y*
- 12.67%
- 10Y*
- 12.89%
RGLD vs. NEM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RGLD Royal Gold, Inc. | -6.69% | 70.43% | 10.39% | 8.70% | 8.51% | 0.04% | -12.13% | 44.27% | 5.53% | 31.32% |
NEM Newmont Corporation | -1.59% | 172.82% | -7.83% | -8.76% | -20.77% | 7.40% | 40.28% | 30.52% | -6.15% | 10.91% |
Correlation
The correlation between RGLD and NEM is 0.76, 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 | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Mar 26, 1990 | 0.52 |
Over the past year, RGLD and NEM have become more correlated (0.76) than their long-term average of 0.52, meaning their price movements have been converging.
Fundamentals
RGLD:
$8.53
NEM:
$6.34
RGLD:
24.23
NEM:
15.44
RGLD:
1.65
NEM:
0.40
RGLD:
11.76
NEM:
4.71
RGLD:
$1.31B
NEM:
$17.23B
RGLD:
$579.68M
NEM:
$8.97B
RGLD:
$949.59M
NEM:
$13.78B
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Return for Risk
RGLD vs. NEM — Risk / Return Rank
RGLD
NEM
RGLD vs. NEM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Royal Gold, Inc. (RGLD) 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.
| RGLD | NEM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.04 | ||
| Sortino ratioReturn per unit of downside risk | -1.09 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.25 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 0.40 | 2.27 | -1.87 |
| Martin ratioReturn relative to average drawdown | 1.00 | 5.93 | -4.93 |
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Drawdowns
RGLD vs. NEM - Drawdown Comparison
The maximum RGLD drawdown since its inception was -98.29%, which is greater than NEM's maximum drawdown of -81.30%. Use the drawdown chart below to compare losses from any high point for RGLD and NEM.
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Drawdown Indicators
| RGLD | NEM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.29% | -81.30% | -16.99% |
Max Drawdown (1Y)Largest decline over 1 year | -35.12% | -29.39% | -5.73% |
Max Drawdown (3Y)Largest decline over 3 years | -35.12% | -36.57% | +1.45% |
Max Drawdown (5Y)Largest decline over 5 years | -40.73% | -62.40% | +21.67% |
Max Drawdown (10Y)Largest decline over 10 years | -49.55% | -62.40% | +12.85% |
Current DrawdownCurrent decline from peak | -31.98% | -25.53% | -6.45% |
Average DrawdownAverage peak-to-trough decline | -29.82% | -41.36% | +11.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.08% | 11.22% | +2.86% |
Volatility
RGLD vs. NEM - Volatility Comparison
The current volatility for Royal Gold, Inc. (RGLD) is 12.57%, while Newmont Corporation (NEM) has a volatility of 15.78%. This indicates that RGLD 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
| RGLD | NEM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.57% | 15.78% | -3.21% |
Volatility (6M)Calculated over the trailing 6-month period | 32.47% | 37.82% | -5.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.72% | 47.80% | -8.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.58% | 38.04% | -6.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.67% | 35.71% | -2.04% |
Dividends
RGLD vs. NEM - Dividend Comparison
RGLD's dividend yield for the trailing twelve months is around 0.90%, less than NEM's 1.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NEM Newmont Corporation | 1.04% | 1.00% | 2.69% | 3.87% | 4.66% | 3.55% | 1.74% | 3.31% | 1.62% | 0.67% | 0.37% | 0.56% |
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. NEM - Financials Comparison
This section allows you to compare key financial metrics between Royal Gold, Inc. 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
RGLD and NEM have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NEM has higher volatility (15.78%) compared to RGLD (12.57%). In terms of maximum drawdown, RGLD dropped -98.29% vs NEM's -81.30%.
NEM currently has the higher Sharpe Ratio (1.40 vs 0.35), 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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