BTG vs ENPH

Comparison between B2gold Corp (BTG, Company) and Enphase Energy Inc (ENPH, Company).

BTG is from the Basic Materials sector, while ENPH is from the Technology sector.

5-Year PerformanceBTG has outperformed ENPH, delivering a return of +1.3% compared to -14.8%

BTG vs ENPH - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	BTG(COMPANY)	ENPH(COMPANY)
Market Cap	$7B	$7B
Max Drawdown	85.97%	95.97%
Sharpe Ratio	0.88	0.73
5Y Beta	0.74	1.15
Industry	Gold	Solar
P/E Ratio	13.16	51.51
Forward P/E	5.99	29.67
PEG Ratio	4.71	1.41
Dividend Yield	1.71%	N/A
5Y Dividends CAGR	-7.79%	N/A
5Y EPS CAGR	-10.26%	6.99%
Debt to Equity	14.16%	51.94%
Free Cash Flow Yield	6.05%	2.07%
P/S Ratio	1.69	5.00
P/B Ratio	1.68	6.35

Market Cap

BTG

$7B

Winner

ENPH

$7B

Max Drawdown

Winner

BTG

85.97%

ENPH

95.97%

Sharpe Ratio

Winner

BTG

0.88

ENPH

0.73

5Y Beta

Winner

BTG

0.74

ENPH

1.15

Industry

BTG

Gold

ENPH

Solar

P/E Ratio

Winner

BTG

13.16

ENPH

51.51

Forward P/E

Winner

BTG

5.99

ENPH

29.67

PEG Ratio

BTG

4.71

Winner

ENPH

1.41

Dividend Yield

BTG

1.71%

ENPH

N/A

5Y Dividends CAGR

BTG

-7.79%

ENPH

N/A

5Y EPS CAGR

BTG

-10.26%

Winner

ENPH

6.99%

Debt to Equity

Winner

BTG

14.16%

ENPH

51.94%

Free Cash Flow Yield

Winner

BTG

6.05%

ENPH

2.07%

P/S Ratio

Winner

BTG

1.69

ENPH

5.00

P/B Ratio

Winner

BTG

1.68

ENPH

6.35

BTG vs ENPH - Historical Returns

Returns include dividend reinvestment.

Period	BTG	ENPH
1 month	-5.76%	+81.08%
3 months	-19.91%	+35.08%
6 months	+21.21%	+137.76%
1 year	+41.37%	+68.48%
5 years(CAGR)	+1.25%	-14.75%
10 years(CAGR)	+11.59%	+41.59%
Max(CAGR)	+8.10%	+16.55%

BTG

-5.76%

Winner

ENPH

+81.08%

BTG

-19.91%

Winner

ENPH

+35.08%

BTG

+21.21%

Winner

ENPH

+137.76%

BTG

+41.37%

Winner

ENPH

+68.48%

5Y(CAGR)

Winner

BTG

+1.25%

ENPH

-14.75%

10Y(CAGR)

BTG

+11.59%

Winner

ENPH

+41.59%

Max(CAGR)

BTG

+8.10%

Winner

ENPH

+16.55%

BTG vs ENPH - Annual Returns (2008 - 2026)

Returns include dividend reinvestment.

Year	BTG	ENPH
2026	+2.16%	+89.72%
2025	+78.02%	-55.09%
2024	-17.05%	-47.67%
2023	-9.96%	-47.83%
2022	-2.86%	+43.65%
2021	-30.96%	+6.21%
2020	+45.22%	+498.06%
2019	+38.18%	+431.10%
2018	-4.89%	+81.92%
2017	+22.53%	+129.52%
2016	+130.10%	-71.06%
2015	-41.04%	-75.30%
2014	-24.30%	+110.77%
2013	-46.37%	+67.28%
2012	+15.17%	-50.27%
2011	+15.86%	N/A
2010	+122.79%	N/A
2009	+224.08%	N/A
2008	-75.00%	N/A

BTG vs ENPH Drawdown Comparison

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

The maximum drawdown for ENPH was -95.97%, occurring on May 18, 2017. Recovery took 1192 trading sessions.

The current BTG drawdown is -25.97%. The current ENPH drawdown is -80.94%.

Rank	BTG	ENPH
#1	-85.97% Apr 2, 2012 - Feb 19, 2020	-95.97% Sep 17, 2014 - Jun 13, 2019
#2	-83.33% Jun 24, 2008 - Apr 9, 2010	-92.23% Dec 2, 2022 - Nov 20, 2025
#3	-63.35% Aug 5, 2020 - Oct 16, 2025	-77.44% May 3, 2012 - May 13, 2013
#4	-43.30% Feb 24, 2020 - Apr 22, 2020	-59.40% Feb 21, 2020 - May 11, 2020
#5	-36.64% Feb 26, 2026 - Mar 20, 2026	-55.19% Nov 19, 2021 - Jul 28, 2022
#6	-36.51% Sep 16, 2011 - Mar 12, 2012	-49.38% May 14, 2013 - Jul 14, 2014
#7	-36.20% Oct 16, 2025 - Feb 24, 2026	-48.45% Aug 21, 2019 - Feb 4, 2020
#8	-27.99% Jun 18, 2010 - Sep 20, 2010	-46.38% Jan 7, 2021 - Oct 27, 2021
#9	-26.15% May 12, 2010 - Jun 18, 2010	-41.77% May 19, 2020 - Aug 4, 2020
#10	-20.69% Jun 10, 2011 - Aug 12, 2011	-25.81% Sep 14, 2022 - Dec 2, 2022
#11	-20.05% Apr 14, 2011 - Jun 7, 2011	-17.35% Sep 1, 2020 - Sep 29, 2020
#12	-18.35% Dec 13, 2010 - Mar 1, 2011	-16.45% Jul 24, 2014 - Aug 11, 2014
#13	-14.12% Nov 8, 2010 - Dec 1, 2010	-15.54% Oct 20, 2020 - Nov 5, 2020
#14	-13.46% Aug 16, 2011 - Sep 1, 2011	-13.57% Apr 2, 2012 - May 1, 2012
#15	-12.67% Apr 14, 2010 - May 11, 2010	-13.35% Jun 18, 2019 - Jul 3, 2019