USAU vs. USGO

Last updated Jun 5, 2026

USAU (U.S. Gold Corp.) and USGO (U.S. GoldMining Inc) are both stocks. Both are in the Basic Materials sector — USAU in Gold, USGO in Other Industrial Metals & Mining. Over the past 3 years, USAU returned 53.89%/yr vs -12.78%/yr for USGO. At a 0.26 correlation, their price movements are largely independent.

Performance

USAU vs. USGO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in U.S. Gold Corp. (USAU) and U.S. GoldMining Inc (USGO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, USAU achieves a -19.27% return, which is significantly lower than USGO's 10.20% return.

USAU

• 1D: 1.69%
• 1M: -2.25%
• YTD: -19.27%
• 6M: -8.90%
• 1Y: 16.33%
• 3Y*: 53.89%
• 5Y*: 5.50%
• 10Y*: -16.09%

USGO

• 1D: 4.40%
• 1M: -28.16%
• YTD: 10.20%
• 6M: -6.54%
• 1Y: 2.53%
• 3Y*: -12.78%
• 5Y*: —
• 10Y*: —

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

USAU vs. USGO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
USAU U.S. Gold Corp.	-19.27%	216.64%	44.24%	-12.01%
USGO U.S. GoldMining Inc	10.20%	2.44%	17.86%	-19.19%

Correlation

The correlation between USAU and USGO is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.43
Correlation (3Y) Calculated over the trailing 3-year period	0.25
Correlation (All Time) Calculated using the full available price history since Apr 21, 2023	0.26

The correlation between USAU and USGO shifts across timeframes, from 0.25 (3 years) to 0.43 (1 year), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap USAU : $239.19M USGO : $2.06B
EPS USAU : -$1.35 USGO : -$0.04
PB Ratio USAU : 4.55 USGO : 8.52
Total Revenue (TTM) USAU : $0.00 USGO : $0.00
Gross Profit (TTM) USAU : -$101.52K USGO : -$129.75K
EBITDA (TTM) USAU : -$15.07M USGO : -$5.61M

Return for Risk

USAU vs. USGO — Risk / Return Rank

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

USAU

USAU Risk / Return Rank: 50
USAU Sharpe Ratio Rank: 51
USAU Sortino Ratio Rank: 50
USAU Omega Ratio Rank: 48
USAU Calmar Ratio Rank: 51
USAU Martin Ratio Rank: 51

USGO

USGO Risk / Return Rank: 43
USGO Sharpe Ratio Rank: 43
USGO Sortino Ratio Rank: 45
USGO Omega Ratio Rank: 43
USGO Calmar Ratio Rank: 43
USGO Martin Ratio Rank: 42

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.

USAU vs. USGO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for U.S. Gold Corp. (USAU) and U.S. GoldMining Inc (USGO). 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.

	USAU	USGO	Difference
Sharpe ratio: Return per unit of total volatility	0.26	0.04	+0.22
Sortino ratio: Return per unit of downside risk	0.82	0.62	+0.20
Omega ratio: Gain probability vs. loss probability	1.09	1.07	+0.02
Calmar ratio: Return relative to maximum drawdown	0.42	0.06	+0.36
Martin ratio: Return relative to average drawdown	0.84	0.11	+0.72
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

USAU vs. USGO - Sharpe Ratio Comparison

The current USAU Sharpe Ratio is 0.26, which is higher than the USGO Sharpe Ratio of 0.04. The chart below compares the historical Sharpe Ratios of USAU and USGO, 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

	USAU	USGO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.26	0.04	+0.22
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.09	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.19	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.19	0.03	-0.22

Drawdowns

USAU vs. USGO - Drawdown Comparison

The maximum USAU drawdown since its inception was -99.99%, which is greater than USGO's maximum drawdown of -69.34%. Use the drawdown chart below to compare losses from any high point for USAU and USGO.

Drawdown Indicators

	USAU	USGO	Difference
Max Drawdown Largest peak-to-trough decline	-99.99%	-69.34%	-30.65%
Max Drawdown (1Y) Largest decline over 1 year	-39.07%	-41.19%	+2.12%
Max Drawdown (3Y) Largest decline over 3 years	-39.07%	-66.73%	+27.66%
Max Drawdown (5Y) Largest decline over 5 years	-76.58%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-98.20%	—	—
Current Drawdown Current decline from peak	-99.94%	-39.66%	-60.28%
Average Drawdown Average peak-to-trough decline	-83.19%	-42.16%	-41.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	19.60%	22.24%	-2.64%

Volatility

USAU vs. USGO - Volatility Comparison

U.S. Gold Corp. (USAU) and U.S. GoldMining Inc (USGO) have volatilities of 16.81% and 16.86%, 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

	USAU	USGO	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.81%	16.86%	-0.05%
Volatility (6M) Calculated over the trailing 6-month period	48.82%	53.34%	-4.52%
Volatility (1Y) Calculated over the trailing 1-year period	64.30%	71.48%	-7.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	62.91%	80.30%	-17.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	86.16%	80.30%	+5.86%

Dividends

USAU vs. USGO - Dividend Comparison

Neither USAU nor USGO has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both USAU and USGO in my portfolio?

USAU and USGO have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, USAU or USGO?

USGO has higher volatility (16.86%) compared to USAU (16.81%). In terms of maximum drawdown, USAU dropped -99.99% vs USGO's -69.34%.

Which has better risk-adjusted returns?

USAU currently has the higher Sharpe Ratio (0.26 vs 0.04), 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.