BTG vs BMA

Comparison between B2gold Corp (BTG, Company) and Banco Macro S.A. (BMA, Company).

BTG is from the Basic Materials sector, while BMA is from the Financial Services sector.

5-Year PerformanceBMA has outperformed BTG, delivering a return of +55.8% compared to +3.1%

BTG vs BMA - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	BTG(COMPANY)	BMA(COMPANY)
Market Cap	$5.73B	$5.73B
Max Drawdown	85.97%	92.62%
Sharpe Ratio	0.38	0.76
5Y Beta	0.82	1.57
Industry	Gold	Banks - Regional
P/E Ratio	10.76	24.37
Forward P/E	4.92	3.10
PEG Ratio	4.71	0.47
Dividend Yield	1.96%	5.64%
5Y Dividends CAGR	-6.51%	N/A
5Y EPS CAGR	-10.26%	-58.90%
Debt to Equity	14.16%	N/A
Free Cash Flow Yield	7.40%	-5.68%
P/S Ratio	1.38	0.00
P/B Ratio	1.39	1.45

Market Cap

BTG

$5.73B

Winner

BMA

$5.73B

Max Drawdown

Winner

BTG

85.97%

BMA

92.62%

Sharpe Ratio

BTG

0.38

Winner

BMA

0.76

5Y Beta

Winner

BTG

0.82

BMA

1.57

Industry

BTG

Gold

BMA

Banks - Regional

P/E Ratio

Winner

BTG

10.76

BMA

24.37

Forward P/E

BTG

4.92

Winner

BMA

3.10

PEG Ratio

BTG

4.71

Winner

BMA

0.47

Dividend Yield

BTG

1.96%

Winner

BMA

5.64%

5Y Dividends CAGR

BTG

-6.51%

BMA

N/A

5Y EPS CAGR

Winner

BTG

-10.26%

BMA

-58.90%

Debt to Equity

BTG

14.16%

BMA

N/A

Free Cash Flow Yield

Winner

BTG

7.40%

BMA

-5.68%

P/S Ratio

BTG

1.38

Winner

BMA

0.00

P/B Ratio

Winner

BTG

1.39

BMA

1.45

BTG vs BMA - Historical Returns

Returns include dividend reinvestment.

Period	BTG	BMA
1 month	-4.46%	+9.83%
3 months	-16.56%	+24.39%
6 months	-10.18%	+4.70%
1 year	+8.87%	+48.49%
5 years(CAGR)	+3.08%	+55.79%
10 years(CAGR)	+5.96%	+6.83%
Max(CAGR)	+7.16%	+11.10%

BTG

-4.46%

Winner

BMA

+9.83%

BTG

-16.56%

Winner

BMA

+24.39%

BTG

-10.18%

Winner

BMA

+4.70%

BTG

+8.87%

Winner

BMA

+48.49%

5Y(CAGR)

BTG

+3.08%

Winner

BMA

+55.79%

10Y(CAGR)

BTG

+5.96%

Winner

BMA

+6.83%

Max(CAGR)

BTG

+7.16%

Winner

BMA

+11.10%

BTG vs BMA - Annual Returns (2006 - 2026)

Returns include dividend reinvestment.

Year	BTG	BMA
2026	-11.77%	+7.21%
2025	+78.02%	-14.47%
2024	-17.05%	+286.66%
2023	-9.96%	+98.94%
2022	-2.86%	+24.78%
2021	-30.96%	-4.10%
2020	+45.22%	-57.18%
2019	+38.18%	-13.37%
2018	-4.89%	-61.04%
2017	+22.53%	+66.78%
2016	+130.10%	+12.32%
2015	-41.04%	+39.04%
2014	-24.30%	+104.57%
2013	-46.37%	+27.40%
2012	+15.17%	-11.21%
2011	+15.86%	-59.83%
2010	+122.79%	+73.15%
2009	+224.08%	+151.68%
2008	-75.00%	-52.98%
2007	N/A	-21.87%
2006	N/A	+39.32%

BTG vs BMA Drawdown Comparison

The maximum drawdown for BTG was -85.97%, occurring on Jan 25, 2016. Recovery took 1982 trading sessions.

The maximum drawdown for BMA was -91.65%, occurring on Jul 21, 2022. Recovery took 1798 trading sessions.

The current BTG drawdown is -36.07%. The current BMA drawdown is -14.92%.

Rank	BTG	BMA
#1	-85.97% Apr 2, 2012 - Feb 19, 2020	-91.65% Oct 23, 2017 - Dec 16, 2024
#2	-83.33% Jun 24, 2008 - Apr 9, 2010	-81.41% Feb 13, 2007 - Jul 20, 2010
#3	-63.35% Aug 5, 2020 - Oct 16, 2025	-77.47% Dec 10, 2010 - Feb 12, 2015
#4	-43.30% Feb 24, 2020 - Apr 22, 2020	-65.39% Jan 7, 2025 - Sep 19, 2025
#5	-39.24% Feb 26, 2026 - Jun 30, 2026	-43.92% Mar 17, 2015 - Nov 20, 2015
#6	-36.51% Sep 16, 2011 - Mar 12, 2012	-23.18% Nov 20, 2015 - Feb 18, 2016
#7	-36.20% Oct 16, 2025 - Feb 24, 2026	-22.89% Oct 19, 2016 - Feb 9, 2017
#8	-27.99% Jun 18, 2010 - Sep 20, 2010	-21.80% May 10, 2006 - Nov 8, 2006
#9	-26.15% May 12, 2010 - Jun 18, 2010	-19.36% Feb 25, 2016 - Apr 19, 2016
#10	-20.69% Jun 10, 2011 - Aug 12, 2011	-18.55% Apr 19, 2016 - Jun 17, 2016
#11	-20.05% Apr 14, 2011 - Jun 7, 2011	-12.09% Jun 5, 2017 - Aug 14, 2017
#12	-18.35% Dec 13, 2010 - Mar 1, 2011	-10.90% Aug 25, 2016 - Oct 19, 2016
#13	-14.12% Nov 8, 2010 - Dec 1, 2010	-10.85% Dec 16, 2024 - Jan 2, 2025
#14	-13.46% Aug 16, 2011 - Sep 1, 2011	-10.66% Jun 20, 2016 - Jul 13, 2016
#15	-12.67% Apr 14, 2010 - May 11, 2010	-10.56% Aug 10, 2010 - Sep 14, 2010

Correlation

Correlation between BTG and BMA is 0.20 which considered as a very weak or no correlation - the stocks move independently of each other.

0.20

-101

Dividend Comparison (2006 - 2026)

BTG vs BMA dividend yield comparison.

Year	BTG	BMA
2026	1.02%	3.46%
2025	1.77%	2.38%
2024	6.56%	6.10%
2023	5.06%	7.75%
2022	4.48%	7.28%
2021	4.07%	0.00%
2020	1.96%	0.00%
2019	0.25%	6.20%
2018	0.00%	5.05%
2017	0.00%	0.65%
2016	0.00%	1.53%
2014	0.00%	7.15%
2011	0.00%	10.67%
2010	0.00%	1.77%
2009	0.00%	2.18%
2008	0.00%	7.34%
2007	0.00%	1.96%
2006	0.00%	1.99%