RGLD vs. VNO
RGLD (Royal Gold, Inc.) and VNO (Vornado Realty Trust) are both stocks. RGLD operates in Gold (Basic Materials), while VNO operates in REIT - Office (Real Estate). Over the past 10 years, RGLD returned 13.42%/yr vs -3.63%/yr for VNO. At a 0.10 correlation, their price movements are largely independent.
Performance
RGLD vs. VNO - 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 VNO's 8.77% return. Over the past 10 years, RGLD has outperformed VNO with an annualized return of 13.42%, while VNO has yielded a comparatively lower -3.63% 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%
VNO
- 1D
- 2.81%
- 1M
- 12.56%
- YTD
- 8.77%
- 6M
- 8.57%
- 1Y
- -8.07%
- 3Y*
- 35.06%
- 5Y*
- -3.27%
- 10Y*
- -3.63%
RGLD vs. VNO - 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% |
VNO Vornado Realty Trust | 8.77% | -19.09% | 51.32% | 39.50% | -46.66% | 17.78% | -40.43% | 14.93% | -17.75% | -4.53% |
Correlation
The correlation between RGLD and VNO is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Mar 27, 1990 | 0.10 |
The correlation between RGLD and VNO shifts across timeframes, from 0.10 (all time) to 0.22 (3 years), reflecting how their relationship changes across market environments.
Fundamentals
RGLD:
$17.49B
VNO:
$6.87B
RGLD:
$8.53
VNO:
$4.03
RGLD:
24.12
VNO:
8.99
RGLD:
1.64
VNO:
0.00
RGLD:
11.71
VNO:
3.88
RGLD:
2.36
VNO:
1.14
RGLD:
$1.31B
VNO:
$1.81B
RGLD:
$579.68M
VNO:
$1.56B
RGLD:
$949.59M
VNO:
$1.21B
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Return for Risk
RGLD vs. VNO — Risk / Return Rank
RGLD
VNO
RGLD vs. VNO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Royal Gold, Inc. (RGLD) and Vornado Realty Trust (VNO). 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 | VNO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.71 | ||
| Sortino ratioReturn per unit of downside risk | +0.98 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 0.99 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 0.56 | -0.20 | +0.75 |
| Martin ratioReturn relative to average drawdown | 1.42 | -0.38 | +1.80 |
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 | VNO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.46 | -0.25 | +0.71 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.39 | -0.08 | +0.47 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.40 | -0.09 | +0.49 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | 0.29 | -0.12 |
Drawdowns
RGLD vs. VNO - Drawdown Comparison
The maximum RGLD drawdown since its inception was -98.29%, which is greater than VNO's maximum drawdown of -80.89%. Use the drawdown chart below to compare losses from any high point for RGLD and VNO.
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Drawdown Indicators
| RGLD | VNO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.29% | -80.89% | -17.40% |
Max Drawdown (1Y)Largest decline over 1 year | -32.28% | -41.22% | +8.94% |
Max Drawdown (3Y)Largest decline over 3 years | -32.28% | -43.88% | +11.60% |
Max Drawdown (5Y)Largest decline over 5 years | -40.73% | -72.46% | +31.73% |
Max Drawdown (10Y)Largest decline over 10 years | -49.55% | -80.89% | +31.34% |
Current DrawdownCurrent decline from peak | -32.28% | -41.31% | +9.03% |
Average DrawdownAverage peak-to-trough decline | -29.82% | -20.59% | -9.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.67% | 21.24% | -8.57% |
Volatility
RGLD vs. VNO - Volatility Comparison
Royal Gold, Inc. (RGLD) has a higher volatility of 11.83% compared to Vornado Realty Trust (VNO) at 10.04%. This indicates that RGLD's price experiences larger fluctuations and is considered to be riskier than VNO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RGLD | VNO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.83% | 10.04% | +1.79% |
Volatility (6M)Calculated over the trailing 6-month period | 32.02% | 23.04% | +8.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.07% | 32.81% | +6.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.54% | 41.61% | -10.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.63% | 39.11% | -5.48% |
Dividends
RGLD vs. VNO - Dividend Comparison
RGLD's dividend yield for the trailing twelve months is around 0.90%, less than VNO's 2.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
VNO Vornado Realty Trust | 2.04% | 2.22% | 1.76% | 2.39% | 10.19% | 5.06% | 6.37% | 6.90% | 4.06% | 3.00% | 2.41% | 14.41% |
Financials
RGLD vs. VNO - Financials Comparison
This section allows you to compare key financial metrics between Royal Gold, Inc. and Vornado Realty Trust. 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. VNO - 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%.
VNO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Vornado Realty Trust reported a gross profit of 212.47M and revenue of 459.11M. Therefore, the gross margin over that period was 46.3%.
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%.
VNO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Vornado Realty Trust reported an operating income of 170.23M and revenue of 459.11M, resulting in an operating margin of 37.1%.
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%.
VNO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Vornado Realty Trust reported a net income of -22.84M and revenue of 459.11M, resulting in a net margin of -5.0%.
Frequently Asked Questions
RGLD and VNO have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RGLD has higher volatility (11.83%) compared to VNO (10.04%). In terms of maximum drawdown, RGLD dropped -98.29% vs VNO's -80.89%.
RGLD currently has the higher Sharpe Ratio (0.46 vs -0.25), 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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