WDC vs. CMCL
WDC (Western Digital Corporation) and CMCL (Caledonia Mining Corporation Plc) are both stocks. WDC operates in Computer Hardware (Technology), while CMCL operates in Gold (Basic Materials). Over the past 5 years, WDC returned 56.39%/yr vs 11.37%/yr for CMCL. At a 0.14 correlation, their price movements are largely independent.
Performance
WDC vs. CMCL - Performance Comparison
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Returns By Period
In the year-to-date period, WDC achieves a 206.10% return, which is significantly higher than CMCL's -23.85% return.
WDC
- 1D
- 2.97%
- 1M
- 9.81%
- YTD
- 206.10%
- 6M
- 210.59%
- 1Y
- 852.85%
- 3Y*
- 160.14%
- 5Y*
- 56.39%
- 10Y*
- 32.86%
CMCL
- 1D
- -1.30%
- 1M
- -17.18%
- YTD
- -23.85%
- 6M
- -17.45%
- 1Y
- 8.42%
- 3Y*
- 16.31%
- 5Y*
- 11.37%
- 10Y*
- —
WDC vs. CMCL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WDC Western Digital Corporation | 206.10% | 283.68% | 13.86% | 65.99% | -51.62% | 17.73% | -10.89% | 77.14% | -51.90% | -12.19% |
CMCL Caledonia Mining Corporation Plc | -23.85% | 186.75% | -18.90% | 2.65% | 11.39% | -23.84% | 93.29% | 67.37% | -26.33% | 20.43% |
Correlation
The correlation between WDC and CMCL is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2017 | 0.14 |
Fundamentals
WDC:
$23.29
CMCL:
$3.15
WDC:
22.63
CMCL:
6.25
WDC:
0.53
CMCL:
0.17
WDC:
12.46
CMCL:
1.42
WDC:
$11.78B
CMCL:
$274.16M
WDC:
$5.35B
CMCL:
$142.30M
WDC:
$10.88B
CMCL:
$137.13M
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Return for Risk
WDC vs. CMCL — Risk / Return Rank
WDC
CMCL
WDC vs. CMCL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Western Digital Corporation (WDC) and Caledonia Mining Corporation Plc (CMCL). 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.
| WDC | CMCL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +13.20 | ||
| Sortino ratioReturn per unit of downside risk | +6.17 | ||
| Omega ratioGain probability vs. loss probability | 1.94 | 1.08 | +0.86 |
| Calmar ratioReturn relative to maximum drawdown | 41.84 | 0.18 | +41.66 |
| Martin ratioReturn relative to average drawdown | 146.77 | 0.35 | +146.43 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| WDC | CMCL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 13.33 | 0.13 | +13.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.17 | 0.22 | +0.95 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.68 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.20 | 0.33 | -0.13 |
Drawdowns
WDC vs. CMCL - Drawdown Comparison
The maximum WDC drawdown since its inception was -96.20%, which is greater than CMCL's maximum drawdown of -65.77%. Use the drawdown chart below to compare losses from any high point for WDC and CMCL.
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Drawdown Indicators
| WDC | CMCL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.20% | -65.77% | -30.43% |
Max Drawdown (1Y)Largest decline over 1 year | -20.59% | -46.89% | +26.30% |
Max Drawdown (3Y)Largest decline over 3 years | -49.65% | -46.89% | -2.76% |
Max Drawdown (5Y)Largest decline over 5 years | -59.68% | -50.00% | -9.68% |
Max Drawdown (10Y)Largest decline over 10 years | -70.49% | — | — |
Current DrawdownCurrent decline from peak | -11.28% | -46.89% | +35.61% |
Average DrawdownAverage peak-to-trough decline | -52.09% | -35.78% | -16.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.86% | 24.39% | -18.53% |
Volatility
WDC vs. CMCL - Volatility Comparison
Western Digital Corporation (WDC) has a higher volatility of 20.86% compared to Caledonia Mining Corporation Plc (CMCL) at 13.82%. This indicates that WDC's price experiences larger fluctuations and is considered to be riskier than CMCL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WDC | CMCL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.86% | 13.82% | +7.04% |
Volatility (6M)Calculated over the trailing 6-month period | 52.91% | 47.23% | +5.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 64.74% | 65.15% | -0.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 48.62% | 52.69% | -4.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 48.52% | 54.58% | -6.06% |
Dividends
WDC vs. CMCL - Dividend Comparison
WDC's dividend yield for the trailing twelve months is around 0.09%, less than CMCL's 2.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CMCL Caledonia Mining Corporation Plc | 2.84% | 2.14% | 5.95% | 4.59% | 4.52% | 4.29% | 2.11% | 3.27% | 5.23% | 1.86% | 0.00% | 0.00% |
WDC Western Digital Corporation | 0.09% | 0.19% | 0.00% | 0.00% | 0.00% | 0.00% | 1.81% | 2.36% | 5.41% | 2.51% | 2.94% | 3.33% |
Financials
WDC vs. CMCL - Financials Comparison
This section allows you to compare key financial metrics between Western Digital Corporation and Caledonia Mining Corporation Plc. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
WDC vs. CMCL - Profitability Comparison
WDC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Western Digital Corporation reported a gross profit of 1.68B and revenue of 3.34B. Therefore, the gross margin over that period was 50.2%.
CMCL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Caledonia Mining Corporation Plc reported a gross profit of 32.10M and revenue of 66.43M. Therefore, the gross margin over that period was 48.3%.
WDC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Western Digital Corporation reported an operating income of 1.14B and revenue of 3.34B, resulting in an operating margin of 34.0%.
CMCL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Caledonia Mining Corporation Plc reported an operating income of 26.87M and revenue of 66.43M, resulting in an operating margin of 40.4%.
WDC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Western Digital Corporation reported a net income of 3.21B and revenue of 3.34B, resulting in a net margin of 96.0%.
CMCL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Caledonia Mining Corporation Plc reported a net income of 15.85M and revenue of 66.43M, resulting in a net margin of 23.9%.
Frequently Asked Questions
WDC and CMCL have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WDC has higher volatility (20.86%) compared to CMCL (13.82%). In terms of maximum drawdown, WDC dropped -96.20% vs CMCL's -65.77%.
WDC currently has the higher Sharpe Ratio (13.33 vs 0.13), 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.
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