USGO vs. USAU

Last updated Jun 5, 2026

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

Performance

USGO vs. USAU - Performance Comparison

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

Returns By Period

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

USGO

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

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%

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

USGO vs. USAU - Yearly Performance Comparison

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

Correlation

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

Fundamentals

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

Return for Risk

USGO vs. USAU — Risk / Return Rank

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

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

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

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.

USGO vs. USAU - Risk-Adjusted Trends Comparison

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

	USGO	USAU	Difference
Sharpe ratio: Return per unit of total volatility	0.04	0.26	-0.22
Sortino ratio: Return per unit of downside risk	0.62	0.82	-0.20
Omega ratio: Gain probability vs. loss probability	1.07	1.09	-0.02
Calmar ratio: Return relative to maximum drawdown	0.06	0.42	-0.36
Martin ratio: Return relative to average drawdown	0.11	0.84	-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.

USGO vs. USAU - Sharpe Ratio Comparison

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

	USGO	USAU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.04	0.26	-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	0.03	-0.19	+0.22

Drawdowns

USGO vs. USAU - Drawdown Comparison

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

Drawdown Indicators

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

Volatility

USGO vs. USAU - Volatility Comparison

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

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

Dividends

USGO vs. USAU - Dividend Comparison

Neither USGO nor USAU has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both USGO and USAU in my portfolio?

USGO and USAU 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, USGO or USAU?

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

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.