SSRM vs. NGD

Last updated Jun 13, 2026

SSRM (SSR Mining Inc.) and NGD (New Gold Inc.) are both stocks. Both operate in the Gold industry within the Basic Materials sector. A 0.59 correlation means they provide meaningful diversification when combined.

Performance

SSRM vs. NGD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SSR Mining Inc. (SSRM) and New Gold Inc. (NGD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SSRM

• 1D: 3.46%
• 1M: -21.64%
• YTD: 24.22%
• 6M: 22.60%
• 1Y: 119.07%
• 3Y*: 25.15%
• 5Y*: 9.84%
• 10Y*: 9.58%

NGD

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SSRM vs. NGD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SSRM SSR Mining Inc.	24.22%	214.94%	-35.32%	-29.94%	-10.02%	-10.90%	4.41%	59.31%	37.54%	-1.46%
NGD New Gold Inc.	4.25%	251.21%	69.86%	48.98%	-34.67%	-31.51%	148.86%	16.28%	-77.00%	-6.00%

Correlation

The correlation between SSRM and NGD is 0.57, 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	0.57
Correlation (3Y) Calculated over the trailing 3-year period	0.58
Correlation (5Y) Calculated over the trailing 5-year period	0.60
Correlation (10Y) Calculated over the trailing 10-year period	0.59
Correlation (All Time) Calculated using the full available price history since Nov 18, 2004	0.59

The correlation between SSRM and NGD has been stable across timeframes, ranging from 0.57 to 0.60 - a consistent structural relationship.

Fundamentals

EPS SSRM : $3.27 NGD : $1.61
PE Ratio SSRM : 8.34 NGD : 5.64
PEG Ratio SSRM : 0.13 NGD : 0.01
PS Ratio SSRM : 3.11 NGD : 3.30
Total Revenue (TTM) SSRM : $1.90B NGD : $1.46B
Gross Profit (TTM) SSRM : $643.76M NGD : $758.26M
EBITDA (TTM) SSRM : $835.27M NGD : $1.19B

Return for Risk

SSRM vs. NGD — Risk / Return Rank

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

SSRM

SSRM Risk / Return Rank: 86
SSRM Sharpe Ratio Rank: 87
SSRM Sortino Ratio Rank: 82
SSRM Omega Ratio Rank: 82
SSRM Calmar Ratio Rank: 88
SSRM Martin Ratio Rank: 88

NGD

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

SSRM vs. NGD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SSR Mining Inc. (SSRM) and New Gold Inc. (NGD). 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.

	SSRM	NGD	Difference
Sharpe ratio: Return per unit of total volatility	1.80	—	—
Sortino ratio: Return per unit of downside risk	2.35	—	—
Omega ratio: Gain probability vs. loss probability	1.30	—	—
Calmar ratio: Return relative to maximum drawdown	3.83	—	—
Martin ratio: Return relative to average drawdown	9.89	—	—

Drawdowns

Drawdown Indicators

	SSRM	NGD	Difference
Max Drawdown Largest peak-to-trough decline	-91.68%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-31.28%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-73.41%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-83.16%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-83.16%	—	—
Current Drawdown Current decline from peak	-37.45%	—	—
Average Drawdown Average peak-to-trough decline	-57.15%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	12.09%	—	—

Volatility

Volatility by Period

	SSRM	NGD	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.31%	—	—
Volatility (6M) Calculated over the trailing 6-month period	54.27%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	66.63%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	55.93%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	52.96%	—	—

Dividends

SSRM vs. NGD - Dividend Comparison

Neither SSRM nor NGD has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
NGD New Gold Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SSRM SSR Mining Inc.	0.00%	0.00%	0.00%	2.60%	1.79%	1.13%

Financials

Frequently Asked Questions

Can I hold both SSRM and NGD in my portfolio?

SSRM and NGD have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.