TIMB vs. NGD

Last updated Jun 13, 2026

TIMB (TIM S.A.) and NGD (New Gold Inc.) are both stocks. TIMB operates in Telecom Services (Communication Services), while NGD operates in Gold (Basic Materials). At a 0.17 correlation, their price movements are largely independent.

Performance

TIMB vs. NGD - Performance Comparison

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

Returns By Period

TIMB

• 1D: 0.54%
• 1M: 1.69%
• YTD: 15.30%
• 6M: 11.44%
• 1Y: 31.26%
• 3Y*: 22.01%
• 5Y*: 19.21%
• 10Y*: —

NGD

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

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

TIMB vs. NGD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
TIMB TIM S.A.	15.30%	86.96%	-33.24%	68.57%	4.05%	-13.46%	23.03%
NGD New Gold Inc.	4.25%	251.21%	69.86%	48.98%	-34.67%	-31.51%	3.79%

Correlation

The correlation between TIMB and NGD is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.20
Correlation (3Y) Calculated over the trailing 3-year period	0.14
Correlation (5Y) Calculated over the trailing 5-year period	0.17
Correlation (All Time) Calculated using the full available price history since Oct 16, 2020	0.17

Fundamentals

EPS TIMB : R$9.00 NGD : $1.61
PE Ratio TIMB : 12.63 NGD : 5.64
PEG Ratio TIMB : 0.76 NGD : 0.01
PS Ratio TIMB : 2.02 NGD : 3.30
Total Revenue (TTM) TIMB : R$27.04B NGD : $1.46B
Gross Profit (TTM) TIMB : R$14.61B NGD : $758.26M
EBITDA (TTM) TIMB : R$13.92B NGD : $1.19B

Return for Risk

TIMB vs. NGD — Risk / Return Rank

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

TIMB

TIMB Risk / Return Rank: 68
TIMB Sharpe Ratio Rank: 72
TIMB Sortino Ratio Rank: 65
TIMB Omega Ratio Rank: 64
TIMB Calmar Ratio Rank: 67
TIMB Martin Ratio Rank: 70

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.

TIMB vs. NGD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TIM S.A. (TIMB) 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.

	TIMB	NGD	Difference
Sharpe ratio: Return per unit of total volatility	0.93	—	—
Sortino ratio: Return per unit of downside risk	1.41	—	—
Omega ratio: Gain probability vs. loss probability	1.17	—	—
Calmar ratio: Return relative to maximum drawdown	1.22	—	—
Martin ratio: Return relative to average drawdown	3.35	—	—

Drawdowns

Drawdown Indicators

	TIMB	NGD	Difference
Max Drawdown Largest peak-to-trough decline	-37.08%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-23.82%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-37.08%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-37.08%	—	—
Current Drawdown Current decline from peak	-20.28%	—	—
Average Drawdown Average peak-to-trough decline	-12.14%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	8.68%	—	—

Volatility

Volatility by Period

	TIMB	NGD	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.33%	—	—
Volatility (6M) Calculated over the trailing 6-month period	25.37%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	31.42%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.55%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.10%	—	—

Dividends

TIMB vs. NGD - Dividend Comparison

TIMB's dividend yield for the trailing twelve months is around 8.17%, while NGD has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020
NGD New Gold Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TIMB TIM S.A.	8.17%	11.67%	6.03%	4.98%	4.05%	3.43%	3.05%

Financials

Frequently Asked Questions

Can I hold both TIMB and NGD in my portfolio?

TIMB and NGD have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.