TORXF vs. WGX.TO

Last updated Jun 4, 2026

TORXF (Torex Gold Resources Inc.) and WGX.TO (Westgold Resources Ltd) are both stocks. Both operate in the Gold industry within the Basic Materials sector. Over the past year, TORXF returned 29.79% vs 79.69% for WGX.TO. A 0.54 correlation means they provide meaningful diversification when combined.

Performance

TORXF vs. WGX.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Torex Gold Resources Inc. (TORXF) and Westgold Resources Ltd (WGX.TO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

TORXF is traded in USD, while WGX.TO is traded in CAD. To make them comparable, the WGX.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, TORXF achieves a -8.86% return, which is significantly higher than WGX.TO's -13.39% return.

TORXF

• 1D: -2.40%
• 1M: 6.96%
• YTD: -8.86%
• 6M: -3.68%
• 1Y: 29.79%
• 3Y*: 41.21%
• 5Y*: 25.38%
• 10Y*: 9.95%

WGX.TO

• 1D: -1.95%
• 1M: -4.26%
• YTD: -13.39%
• 6M: -6.62%
• 1Y: 79.69%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TORXF vs. WGX.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
TORXF Torex Gold Resources Inc.	-8.86%	145.25%	36.79%
WGX.TO Westgold Resources Ltd	-13.39%	139.94%	0.58%

Correlation

The correlation between TORXF and WGX.TO is 0.62, 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	0.62
Correlation (All Time) Calculated using the full available price history since Aug 7, 2024	0.54

The correlation between TORXF and WGX.TO has been stable across timeframes, ranging from 0.54 to 0.62 - a consistent structural relationship.

Fundamentals

Market Cap TORXF : $4.17B WGX.TO : CA$4.83B
EPS TORXF : $6.27 WGX.TO : CA$0.39
PE Ratio TORXF : 6.93 WGX.TO : 12.88
PEG Ratio TORXF : 0.14 WGX.TO : 0.11
PS Ratio TORXF : 2.37 WGX.TO : 1.13
PB Ratio TORXF : 1.66 WGX.TO : 2.48
Total Revenue (TTM) TORXF : $1.68B WGX.TO : CA$2.35B
Gross Profit (TTM) TORXF : $851.78M WGX.TO : CA$631.86M
EBITDA (TTM) TORXF : $965.24M WGX.TO : CA$875.51M

Return for Risk

TORXF vs. WGX.TO — Risk / Return Rank

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

TORXF

TORXF Risk / Return Rank: 58
TORXF Sharpe Ratio Rank: 59
TORXF Sortino Ratio Rank: 55
TORXF Omega Ratio Rank: 56
TORXF Calmar Ratio Rank: 60
TORXF Martin Ratio Rank: 60

WGX.TO

WGX.TO Risk / Return Rank: 78
WGX.TO Sharpe Ratio Rank: 83
WGX.TO Sortino Ratio Rank: 77
WGX.TO Omega Ratio Rank: 75
WGX.TO Calmar Ratio Rank: 77
WGX.TO Martin Ratio Rank: 77

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.

TORXF vs. WGX.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Torex Gold Resources Inc. (TORXF) and Westgold Resources Ltd (WGX.TO). 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.

	TORXF	WGX.TO	Difference
Sharpe ratio Return per unit of total volatility	0.52	1.53	-1.01
Sortino ratio Return per unit of downside risk	1.06	2.04	-0.99
Omega ratio Gain probability vs. loss probability	1.14	1.25	-0.12
Calmar ratio Return relative to maximum drawdown	0.87	2.13	-1.26
Martin ratio Return relative to average drawdown	1.90	5.09	-3.19
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TORXF vs. WGX.TO - Sharpe Ratio Comparison

The current TORXF Sharpe Ratio is 0.52, which is lower than the WGX.TO Sharpe Ratio of 1.53. The chart below compares the historical Sharpe Ratios of TORXF and WGX.TO, 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

	TORXF	WGX.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.52	1.53	-1.01
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.49	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.17	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.13	0.96	-0.83

Drawdowns

TORXF vs. WGX.TO - Drawdown Comparison

The maximum TORXF drawdown since its inception was -78.34%, which is greater than WGX.TO's maximum drawdown of -37.65%. Use the drawdown chart below to compare losses from any high point for TORXF and WGX.TO.

Drawdown Indicators

	TORXF	WGX.TO	Difference
Max Drawdown Largest peak-to-trough decline	-78.34%	-37.65%	-40.69%
Max Drawdown (1Y) Largest decline over 1 year	-34.36%	-37.65%	+3.29%
Max Drawdown (3Y) Largest decline over 3 years	-44.77%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-58.45%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-78.34%	—	—
Current Drawdown Current decline from peak	-28.15%	-35.23%	+7.08%
Average Drawdown Average peak-to-trough decline	-42.92%	-14.00%	-28.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.71%	15.69%	+0.02%

Volatility

TORXF vs. WGX.TO - Volatility Comparison

Torex Gold Resources Inc. (TORXF) has a higher volatility of 19.37% compared to Westgold Resources Ltd (WGX.TO) at 12.56%. This indicates that TORXF's price experiences larger fluctuations and is considered to be riskier than WGX.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TORXF	WGX.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.37%	12.56%	+6.81%
Volatility (6M) Calculated over the trailing 6-month period	46.54%	39.05%	+7.49%
Volatility (1Y) Calculated over the trailing 1-year period	57.24%	52.37%	+4.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	52.09%	52.16%	-0.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	57.60%	52.16%	+5.44%

Dividends

TORXF vs. WGX.TO - Dividend Comparison

TORXF's dividend yield for the trailing twelve months is around 0.77%, while WGX.TO has not paid dividends to shareholders.

Position	TTM	2025
TORXF Torex Gold Resources Inc.	0.77%	0.22%
WGX.TO Westgold Resources Ltd	0.00%	0.00%

Financials

TORXF vs. WGX.TO - Profitability Comparison

The chart below illustrates the profitability comparison between Torex Gold Resources Inc. and Westgold Resources Ltd over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

TORXF - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Torex Gold Resources Inc. reported a gross profit of 312.60M and revenue of 539.30M. Therefore, the gross margin over that period was 58.0%.

WGX.TO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Westgold Resources Ltd reported a gross profit of 422.41M and revenue of 1.13B. Therefore, the gross margin over that period was 37.3%.

TORXF - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Torex Gold Resources Inc. reported an operating income of 292.50M and revenue of 539.30M, resulting in an operating margin of 54.2%.

WGX.TO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Westgold Resources Ltd reported an operating income of 382.00M and revenue of 1.13B, resulting in an operating margin of 33.7%.

TORXF - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Torex Gold Resources Inc. reported a net income of 207.50M and revenue of 539.30M, resulting in a net margin of 38.5%.

WGX.TO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Westgold Resources Ltd reported a net income of 174.77M and revenue of 1.13B, resulting in a net margin of 15.4%.

Frequently Asked Questions

Can I hold both TORXF and WGX.TO in my portfolio?

TORXF and WGX.TO have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.