RGLD vs. RIO

Last updated Apr 1, 2026

Compare and contrast key facts about Royal Gold, Inc. (RGLD) and Rio Tinto Group (RIO).

Performance

RGLD vs. RIO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Royal Gold, Inc. (RGLD) and Rio Tinto Group (RIO). The values are adjusted to include any dividend payments, if applicable.

RGLD vs. RIO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RGLD Royal Gold, Inc.	14.73%	70.43%	10.39%	8.70%	8.51%	0.04%	-12.13%	44.27%	5.53%	31.32%
RIO Rio Tinto Group	19.83%	44.47%	-15.36%	11.06%	18.48%	-3.67%	36.22%	33.18%	-2.93%	44.87%

Fundamentals

Market Cap RGLD : $20.53B RIO : $152.85B
EPS RGLD : $8.08 RIO : $13.11
PE Ratio RGLD : 31.51 RIO : 7.11
PS Ratio RGLD : 17.51 RIO : 1.37
PB Ratio RGLD : 2.87 RIO : 2.46
Total Revenue (TTM) RGLD : $1.03B RIO : $111.41B
Gross Profit (TTM) RGLD : $504.63M RIO : $31.10B
EBITDA (TTM) RGLD : $742.55M RIO : $40.42B

Returns By Period

In the year-to-date period, RGLD achieves a 14.73% return, which is significantly lower than RIO's 19.83% return. Over the past 10 years, RGLD has underperformed RIO with an annualized return of 18.65%, while RIO has yielded a comparatively higher 20.69% annualized return.

RGLD

• 1D: 6.59%
• 1M: -15.11%
• YTD: 14.73%
• 6M: 27.44%
• 1Y: 57.14%
• 3Y*: 26.67%
• 5Y*: 19.30%
• 10Y*: 18.65%

RIO

• 1D: 5.03%
• 1M: -3.46%
• YTD: 19.83%
• 6M: 45.28%
• 1Y: 63.49%
• 3Y*: 17.83%
• 5Y*: 11.59%
• 10Y*: 20.69%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

RGLD vs. RIO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

RGLD

RGLD Risk / Return Rank: 80
RGLD Sharpe Ratio Rank: 84
RGLD Sortino Ratio Rank: 77
RGLD Omega Ratio Rank: 78
RGLD Calmar Ratio Rank: 78
RGLD Martin Ratio Rank: 82

RIO

RIO Risk / Return Rank: 91
RIO Sharpe Ratio Rank: 93
RIO Sortino Ratio Rank: 90
RIO Omega Ratio Rank: 89
RIO Calmar Ratio Rank: 91
RIO Martin Ratio Rank: 93

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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.

	RGLD	RIO	Difference
Sharpe ratio Return per unit of total volatility	1.45	2.27	-0.82
Sortino ratio Return per unit of downside risk	1.88	2.85	-0.97
Omega ratio Gain probability vs. loss probability	1.26	1.38	-0.12
Calmar ratio Return relative to maximum drawdown	2.00	4.01	-2.02
Martin ratio Return relative to average drawdown	6.42	13.33	-6.91
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RGLD vs. RIO - Sharpe Ratio Comparison

The current RGLD Sharpe Ratio is 1.45, which is lower than the RIO Sharpe Ratio of 2.27. The chart below compares the historical Sharpe Ratios of RGLD and RIO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	RGLD	RIO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.45	2.27	-0.82
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.63	0.40	+0.22
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.55	0.67	-0.12
Sharpe Ratio (All Time) Calculated using the full available price history	0.18	0.32	-0.14

Correlation

The correlation between RGLD and RIO is 0.23, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

RGLD vs. RIO - Dividend Comparison

RGLD's dividend yield for the trailing twelve months is around 0.72%, less than RIO's 4.31% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RGLD Royal Gold, Inc.	0.72%	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	4.31%	4.66%	7.40%	5.40%	10.48%	10.23%	5.13%	7.68%	6.32%	4.47%	3.93%	7.58%

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.

Drawdown Indicators

	RGLD	RIO	Difference
Max Drawdown Largest peak-to-trough decline	-98.29%	-88.97%	-9.32%
Max Drawdown (1Y) Largest decline over 1 year	-29.27%	-15.19%	-14.08%
Max Drawdown (5Y) Largest decline over 5 years	-40.73%	-36.97%	-3.76%
Max Drawdown (10Y) Largest decline over 10 years	-49.55%	-37.47%	-12.08%
Current Drawdown Current decline from peak	-16.37%	-4.84%	-11.53%
Average Drawdown Average peak-to-trough decline	-29.87%	-23.88%	-5.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.10%	4.57%	+4.53%

Volatility

RGLD vs. RIO - Volatility Comparison

Royal Gold, Inc. (RGLD) has a higher volatility of 16.92% compared to Rio Tinto Group (RIO) at 11.08%. 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.

Volatility by Period

	RGLD	RIO	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.92%	11.08%	+5.84%
Volatility (6M) Calculated over the trailing 6-month period	32.30%	20.84%	+11.46%
Volatility (1Y) Calculated over the trailing 1-year period	39.50%	28.18%	+11.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.04%	29.06%	+1.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.83%	30.93%	+2.90%

Financials

RGLD vs. RIO - Profitability Comparison

The chart below illustrates the profitability comparison between Royal Gold, Inc. and Rio Tinto Group over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

RGLD - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Royal Gold, Inc. reported a gross profit of 0.00 and revenue of 375.32M. 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 Apr 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 Apr 2026, Royal Gold, Inc. reported an operating income of 198.07M and revenue of 375.32M, resulting in an operating margin of 52.8%.

RIO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 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 Apr 2026, Royal Gold, Inc. reported a net income of 199.04M and revenue of 375.32M, resulting in a net margin of 53.0%.

RIO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Rio Tinto Group reported a net income of 5.42B and revenue of 30.65B, resulting in a net margin of 17.7%.