Correlation
The correlation between SAND and BTG is 0.15, 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.
SAND vs. BTG
Compare and contrast key facts about Sandstorm Gold Ltd. (SAND) and B2Gold Corp. (BTG).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SAND or BTG.
Performance
SAND vs. BTG - Performance Comparison
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Key characteristics
SAND:
1.55
BTG:
0.53
SAND:
1.91
BTG:
1.05
SAND:
1.26
BTG:
1.13
SAND:
0.80
BTG:
0.40
SAND:
6.86
BTG:
1.60
SAND:
7.62%
BTG:
15.57%
SAND:
36.47%
BTG:
46.23%
SAND:
-86.60%
BTG:
-85.97%
SAND:
-39.17%
BTG:
-43.59%
Fundamentals
SAND:
$2.59B
BTG:
$4.47B
SAND:
$0.10
BTG:
-$0.47
SAND:
0.00
BTG:
4.71
SAND:
14.12
BTG:
2.27
SAND:
1.84
BTG:
1.51
SAND:
$183.53M
BTG:
$1.97B
SAND:
$104.67M
BTG:
$941.63M
SAND:
$131.21M
BTG:
-$9.05M
Returns By Period
In the year-to-date period, SAND achieves a 59.10% return, which is significantly higher than BTG's 39.13% return. Over the past 10 years, SAND has outperformed BTG with an annualized return of 10.69%, while BTG has yielded a comparatively lower 9.07% annualized return.
SAND
59.10%
5.11%
53.33%
57.09%
11.41%
1.91%
10.69%
BTG
39.13%
12.71%
19.53%
26.70%
-0.36%
-5.30%
9.07%
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Risk-Adjusted Performance
SAND vs. BTG — Risk-Adjusted Performance Rank
SAND
BTG
SAND vs. BTG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Sandstorm Gold Ltd. (SAND) and B2Gold Corp. (BTG). 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.
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Dividends
SAND vs. BTG - Dividend Comparison
SAND's dividend yield for the trailing twelve months is around 0.65%, less than BTG's 4.15% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
SAND Sandstorm Gold Ltd. | 0.65% | 1.05% | 1.19% | 1.16% | 0.00% | 0.00% | 0.00% |
BTG B2Gold Corp. | 4.15% | 6.56% | 5.06% | 4.48% | 4.07% | 1.96% | 0.25% |
Drawdowns
SAND vs. BTG - Drawdown Comparison
The maximum SAND drawdown since its inception was -86.60%, roughly equal to the maximum BTG drawdown of -85.97%. Use the drawdown chart below to compare losses from any high point for SAND and BTG.
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Volatility
SAND vs. BTG - Volatility Comparison
The current volatility for Sandstorm Gold Ltd. (SAND) is 12.31%, while B2Gold Corp. (BTG) has a volatility of 13.42%. This indicates that SAND experiences smaller price fluctuations and is considered to be less risky than BTG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Financials
SAND vs. BTG - Financials Comparison
This section allows you to compare key financial metrics between Sandstorm Gold Ltd. and B2Gold Corp.. 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
SAND vs. BTG - Profitability Comparison
SAND - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2025, Sandstorm Gold Ltd. reported a gross profit of 29.06M and revenue of 50.07M. Therefore, the gross margin over that period was 58.1%.
BTG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2025, B2Gold Corp. reported a gross profit of 237.75M and revenue of 532.11M. Therefore, the gross margin over that period was 44.7%.
SAND - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2025, Sandstorm Gold Ltd. reported an operating income of 23.95M and revenue of 50.07M, resulting in an operating margin of 47.8%.
BTG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2025, B2Gold Corp. reported an operating income of 208.83M and revenue of 532.11M, resulting in an operating margin of 39.3%.
SAND - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2025, Sandstorm Gold Ltd. reported a net income of 10.50M and revenue of 50.07M, resulting in a net margin of 21.0%.
BTG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2025, B2Gold Corp. reported a net income of 57.59M and revenue of 532.11M, resulting in a net margin of 10.8%.