RGLD vs. RIO
RGLD (Royal Gold, Inc.) and RIO (Rio Tinto Group) are both stocks. Both are in the Basic Materials sector — RGLD in Gold, RIO in Other Industrial Metals & Mining. Over the past 10 years, RGLD returned 13.30%/yr vs 21.20%/yr for RIO. At a 0.23 correlation, their price movements are largely independent.
Performance
RGLD vs. RIO - Performance Comparison
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Returns By Period
In the year-to-date period, RGLD achieves a -3.06% return, which is significantly lower than RIO's 27.63% return. Over the past 10 years, RGLD has underperformed RIO with an annualized return of 13.30%, while RIO has yielded a comparatively higher 21.20% annualized return.
RGLD
- 1D
- -0.08%
- 1M
- -2.56%
- YTD
- -3.06%
- 6M
- -6.98%
- 1Y
- 20.73%
- 3Y*
- 24.90%
- 5Y*
- 15.62%
- 10Y*
- 13.30%
RIO
- 1D
- -0.72%
- 1M
- -4.67%
- YTD
- 27.63%
- 6M
- 27.51%
- 1Y
- 87.18%
- 3Y*
- 23.47%
- 5Y*
- 11.41%
- 10Y*
- 21.20%
RGLD vs. RIO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RGLD Royal Gold, Inc. | -3.06% | 70.43% | 10.39% | 8.70% | 8.51% | 0.04% | -12.13% | 44.27% | 5.53% | 31.32% |
RIO Rio Tinto Group | 27.63% | 44.47% | -15.36% | 11.06% | 18.48% | -3.67% | 36.22% | 33.18% | -2.93% | 44.87% |
Correlation
The correlation between RGLD and RIO is 0.51, 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 | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.40 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Jun 28, 1990 | 0.23 |
Over the past year, RGLD and RIO have become more correlated (0.51) than their long-term average of 0.23, meaning their price movements have been converging.
Fundamentals
RGLD:
$18.25B
RIO:
$162.79B
RGLD:
$8.53
RIO:
$13.11
RGLD:
25.17
RIO:
7.58
RGLD:
12.22
RIO:
1.46
RGLD:
2.46
RIO:
2.62
RGLD:
$1.31B
RIO:
$111.41B
RGLD:
$579.68M
RIO:
$31.10B
RGLD:
$949.59M
RIO:
$40.42B
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Return for Risk
RGLD vs. RIO — Risk / Return Rank
RGLD
RIO
RGLD vs. RIO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Royal Gold, Inc. (RGLD) and Rio Tinto Group (RIO). 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 | RIO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.45 | ||
| Sortino ratioReturn per unit of downside risk | -2.56 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.45 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | 0.59 | 5.77 | -5.18 |
| Martin ratioReturn relative to average drawdown | 1.49 | 20.65 | -19.16 |
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Drawdowns
RGLD vs. RIO - Drawdown Comparison
The maximum RGLD drawdown since its inception was -98.29%, which is greater than RIO's maximum drawdown of -88.97%. Use the drawdown chart below to compare losses from any high point for RGLD and RIO.
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Drawdown Indicators
| RGLD | RIO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.29% | -88.97% | -9.32% |
Max Drawdown (1Y)Largest decline over 1 year | -35.12% | -15.19% | -19.93% |
Max Drawdown (3Y)Largest decline over 3 years | -35.12% | -24.19% | -10.93% |
Max Drawdown (5Y)Largest decline over 5 years | -40.73% | -35.25% | -5.48% |
Max Drawdown (10Y)Largest decline over 10 years | -49.55% | -37.47% | -12.08% |
Current DrawdownCurrent decline from peak | -29.33% | -11.32% | -18.01% |
Average DrawdownAverage peak-to-trough decline | -29.82% | -23.75% | -6.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.93% | 4.24% | +9.69% |
Volatility
RGLD vs. RIO - Volatility Comparison
Royal Gold, Inc. (RGLD) has a higher volatility of 12.03% compared to Rio Tinto Group (RIO) at 10.41%. This indicates that RGLD's price experiences larger fluctuations and is considered to be riskier than RIO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RGLD | RIO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.03% | 10.41% | +1.62% |
Volatility (6M)Calculated over the trailing 6-month period | 32.26% | 24.57% | +7.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.61% | 29.48% | +10.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.54% | 29.32% | +2.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.67% | 30.63% | +3.04% |
Dividends
RGLD vs. RIO - Dividend Comparison
RGLD's dividend yield for the trailing twelve months is around 0.86%, less than RIO's 4.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RGLD Royal Gold, Inc. | 0.86% | 0.81% | 1.21% | 1.24% | 1.24% | 1.14% | 1.05% | 0.87% | 1.17% | 1.17% | 1.45% | 1.81% |
RIO Rio Tinto Group | 4.05% | 4.66% | 7.40% | 5.40% | 10.48% | 10.23% | 5.13% | 7.68% | 6.32% | 4.47% | 3.93% | 7.58% |
Financials
RGLD vs. RIO - Financials Comparison
This section allows you to compare key financial metrics between Royal Gold, Inc. and Rio Tinto Group. 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. RIO - 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%.
RIO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Rio Tinto Group reported a gross profit of 8.15B and revenue of 30.65B. Therefore, the gross margin over that period was 26.6%.
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%.
RIO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Rio Tinto Group reported an operating income of 8.15B and revenue of 30.65B, resulting in an operating margin of 26.6%.
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%.
RIO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Rio Tinto Group reported a net income of 5.42B and revenue of 30.65B, resulting in a net margin of 17.7%.
Frequently Asked Questions
RGLD and RIO have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RGLD has higher volatility (12.03%) compared to RIO (10.41%). In terms of maximum drawdown, RGLD dropped -98.29% vs RIO's -88.97%.
RIO currently has the higher Sharpe Ratio (2.98 vs 0.53), 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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