SA vs. CTGO

Last updated Jun 3, 2026

SA (Seabridge Gold Inc.) and CTGO (Contango Ore, Inc.) are both stocks. Both operate in the Gold industry within the Basic Materials sector. Over the past 10 years, SA returned 10.29%/yr vs 13.11%/yr for CTGO. At a 0.10 correlation, their price movements are largely independent.

Performance

SA vs. CTGO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Seabridge Gold Inc. (SA) and Contango Ore, Inc. (CTGO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SA achieves a 20.04% return, which is significantly higher than CTGO's -25.37% return. Over the past 10 years, SA has underperformed CTGO with an annualized return of 10.29%, while CTGO has yielded a comparatively higher 13.11% annualized return.

SA

• 1D: 6.70%
• 1M: 26.54%
• YTD: 20.04%
• 6M: 21.52%
• 1Y: 177.28%
• 3Y*: 36.36%
• 5Y*: 13.92%
• 10Y*: 10.29%

CTGO

• 1D: 0.31%
• 1M: -14.79%
• YTD: -25.37%
• 6M: -18.22%
• 1Y: -2.76%
• 3Y*: -11.44%
• 5Y*: -1.72%
• 10Y*: 13.11%

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

SA vs. CTGO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SA Seabridge Gold Inc.	20.04%	159.33%	-5.94%	-3.58%	-23.71%	-21.74%	52.46%	4.46%	17.08%	38.65%
CTGO Contango Ore, Inc.	-25.37%	163.57%	-44.67%	-20.99%	-10.47%	36.53%	29.31%	-17.14%	-3.58%	-7.40%

Correlation

The correlation between SA and CTGO is 0.58, 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	0.58
Correlation (3Y) Calculated over the trailing 3-year period	0.45
Correlation (5Y) Calculated over the trailing 5-year period	0.30
Correlation (10Y) Calculated over the trailing 10-year period	0.15
Correlation (All Time) Calculated using the full available price history since Jan 11, 2011	0.10

Over the past year, SA and CTGO have become more correlated (0.58) than their long-term average of 0.10, meaning their price movements have been converging.

Fundamentals

Market Cap SA : $3.80B CTGO : $339.83M
EPS SA : -$0.68 CTGO : -$1.96
PB Ratio SA : 3.16 CTGO : 1.06
Total Revenue (TTM) SA : $0.00 CTGO : $0.00
Gross Profit (TTM) SA : -$90.03K CTGO : -$158.43K
EBITDA (TTM) SA : -$31.30M CTGO : -$20.93M

Return for Risk

SA vs. CTGO — Risk / Return Rank

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

SA

SA Risk / Return Rank: 90
SA Sharpe Ratio Rank: 94
SA Sortino Ratio Rank: 87
SA Omega Ratio Rank: 88
SA Calmar Ratio Rank: 91
SA Martin Ratio Rank: 91

CTGO

CTGO Risk / Return Rank: 39
CTGO Sharpe Ratio Rank: 39
CTGO Sortino Ratio Rank: 38
CTGO Omega Ratio Rank: 37
CTGO Calmar Ratio Rank: 41
CTGO Martin Ratio Rank: 41

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.

SA vs. CTGO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Seabridge Gold Inc. (SA) and Contango Ore, Inc. (CTGO). 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.

	SA	CTGO	Difference
Sharpe ratio Return per unit of total volatility	2.89	-0.05	+2.94
Sortino ratio Return per unit of downside risk	2.95	0.37	+2.58
Omega ratio Gain probability vs. loss probability	1.40	1.04	+0.36
Calmar ratio Return relative to maximum drawdown	5.00	0.03	+4.97
Martin ratio Return relative to average drawdown	13.43	0.08	+13.35
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SA vs. CTGO - Sharpe Ratio Comparison

The current SA Sharpe Ratio is 2.89, which is higher than the CTGO Sharpe Ratio of -0.05. The chart below compares the historical Sharpe Ratios of SA and CTGO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SA	CTGO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.89	-0.05	+2.94
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.28	-0.03	+0.30
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.20	0.17	+0.03
Sharpe Ratio (All Time) Calculated using the full available price history	0.19	0.07	+0.12

Drawdowns

SA vs. CTGO - Drawdown Comparison

The maximum SA drawdown since its inception was -90.99%, roughly equal to the maximum CTGO drawdown of -86.86%. Use the drawdown chart below to compare losses from any high point for SA and CTGO.

Drawdown Indicators

	SA	CTGO	Difference
Max Drawdown Largest peak-to-trough decline	-90.99%	-86.86%	-4.13%
Max Drawdown (1Y) Largest decline over 1 year	-37.92%	-49.58%	+11.66%
Max Drawdown (3Y) Largest decline over 3 years	-52.51%	-72.48%	+19.97%
Max Drawdown (5Y) Largest decline over 5 years	-56.12%	-72.48%	+16.36%
Max Drawdown (10Y) Largest decline over 10 years	-61.10%	-72.87%	+11.77%
Current Drawdown Current decline from peak	-9.73%	-40.45%	+30.72%
Average Drawdown Average peak-to-trough decline	-51.33%	-39.03%	-12.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.11%	19.02%	-4.91%

Volatility

SA vs. CTGO - Volatility Comparison

Seabridge Gold Inc. (SA) and Contango Ore, Inc. (CTGO) have volatilities of 21.79% and 20.85%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SA	CTGO	Difference
Volatility (1M) Calculated over the trailing 1-month period	21.79%	20.85%	+0.94%
Volatility (6M) Calculated over the trailing 6-month period	50.26%	50.08%	+0.18%
Volatility (1Y) Calculated over the trailing 1-year period	61.85%	61.30%	+0.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	50.78%	61.24%	-10.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	51.11%	77.17%	-26.06%

Dividends

SA vs. CTGO - Dividend Comparison

Neither SA nor CTGO has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both SA and CTGO in my portfolio?

SA and CTGO have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SA or CTGO?

SA has higher volatility (21.79%) compared to CTGO (20.85%). In terms of maximum drawdown, SA dropped -90.99% vs CTGO's -86.86%.

Which has better risk-adjusted returns?

SA currently has the higher Sharpe Ratio (2.89 vs -0.05), 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.